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Looks primed
BUY NOW it’s going to blow imo
What’s the rush now? Holders want out because nothing tangible or really positive on the horizon. It’s insane to be buying this right now because where is the immediate value coming from exactly? If you want a long play (yes it’s interesting) you have plenty of time to get in lower than current SP because there is nothing underpinning any drive here for quite some time. IMHO DYOR
Get in now before it’s too late.
I'm here to salvage whats left of my poorly judged investment
Now let’s make this investment special
Today's RNS is as good as it could be for investors imo.
Realistically, the Co not only has a future but it is expanding at rational levels which should enable continuation of the expansion within the Sales book met increasingly from new products, can be met from within Cpx's working capital cycle without further Capital raising in the near future.
Update better than I expected to be honest.
Well done everyone who had faith.
This will reward we are under the placing price.
Next level .15 then higher.
Buys looking great some confident buys looking good for a nice recovery.
.10 by lunchtime maybe higher this can move very quickly.
Some confidence there
:)
This has to get to the placing price.10 then we will see lots more interest.
A great entry price.
Got to be Losing money
Roger65 let’s see what happens.
This is way too low.
This should be over .10 by now we should be in the .15 easily.
RNS Number : 3875N
CAP-XX Limited
07 May 2024
Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
7 May 2024
CAP-XX Limited
("CAP-XX" or the "Company")
Trading update
CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, provides the following update.
Following the successful completion of the recent fundraise, the Board is pleased to announce that current trading on existing products remains strong, in line with management forecasts, and trial shipments of pre-samples of new product have recently commenced. Bookings and billings are 14% and 56% ahead respectively for the year to date compared to the comparative period in 2023, along with a current book to bill ratio of 1.12. The order backlog remains strong at close to US$1 million.
As previously stated, the proceeds from the fundraise are being used to improve the Company's financial position and provide working capital for investment. Key areas for investment include the continued expansion of the sales representative and distribution network, and working capital for the market introduction of the new DMH and SMD products. The vast bulk of the development costs of the latter has already been incurred, although some final commissioning of the DMH production line remains. An initial pre-series batch of fully functional DMH product is currently under lab evaluation and SMD testing remains on track. In addition, the Company expects to announce further patents during the next three months.
The Board considers that, apart from the final settlement of legal costs associated with the Maxwell/Tesla litigation, which it does not consider material, the only remaining payments for legal costs will be normal ongoing corporate legal expenses, including, for example, those associated with applications for patents.
In addition, the Company has implemented a comprehensive cost reduction program, which has delivered annualised operating cost savings in excess of US$0.5 million, and is expected to ensure that CAP-XX successfully overcomes its recent challenging phase.
The target for breakeven remains in the 2026 calendar year, assuming billings maintain their current growth trend. This is being supported by the recent investment in CAP-XX's international direct sales and marketing, the expansion of the distributor network, together with design wins and billings from our new product families, DMH and SMD, which will contribute in 2025 and 2026 respectively.
Following the conclusion of the financial year ending 30 June 2024, CAP-XX intends to provide a comprehensive update to investors on products and markets and corporate strategy at a Capital Markets seminar, which will be hosted on-line, details of which will be issued in due course.
Lars Stegmann, Chief Executive of CAP-XX,
What you here for you ??
Sellers coming back to buy. It's all about getting in early doors.
Mark my work this will move pass 0.10p very shortly and level 2 on 🔥🔥
I agree 100% with you this could double very easily.
Looks steady.
YES I did f @nny baws. Especially when they would listen to reason about the impending slump. Some did and managed to save themselves a few pennies. The morons who stupidly listened to the rampers, got burnt
Possibly break even in 2 years, with lots of placings in between...aye, earth shattering RNS ffs
share *******…..you are a trader, probably shorting (at least i hope so). cpx has come out of the tunnel of darkness, is seeing large increases in orders and billing, has new products and is firmly back on track to profit. investors see an opportunity, take advantage and sit back and watch their investment grow…..and this is such a moment. for those that are down on paper this is the chance to average down and recover all losses, and i wish you all the best. i am here for long term
Let’s watch this move.
Nice lift today we should be very happy at this entry price.
Lower than the placing price.
Watch this move and rerate very soon.
I bet you didn't complain of rampers then you dimwit
Cost Savings alone US$0.5 million+ in annualised savings. easy 3p!