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Great potential but agree the uncertainty around the US elections, covid lockdowns all over Europe coming. The next few months could be very rollercoastery.
And yes rollercoastery is a word!
Results today where very opportunistic which is great. Think reason for No real movement apart from spread is that there is still uncertainty . The market is waiting for the uncertainty to be removed. Profitability still hinges on the implementation of the newly installed production line. News on confirmed orders Or favourable court case and I believe we will do well
Still too early for me to top up but Getting there
Fingers crossed
The easy answer more sellers than buyers. I have the presentation from AK that he is making to investors today. It reads well and has no info that isnt in the company results. I'll say one thing - its worth remembering that today's announcement was audited results to June 30th. There has been much progress since then. If there was another delay to the Murata project 'Project Blossom'as the company calls it, it would have been released today. The fact that they have orders in excess of what they can produce for the coming 12 months tells me 2 things - we can now ink in FCF +ve numbers (previously pencilled in) for FY22 but...I'm afraid to say...they will probably have to build more production capacity to cope with demand. this is a good thing but in the event of no substantial win from Ioxus or Maxwell, might dig into that FCF number. Remember, we r thinking $14mm on a margin of 54%, so slightly over £5mm net profit for a company valued at £19mm. Works for me. I did buy some at the open and have left an order for a chunk more at 4.2p in the event there are unbelievers out there. GLA.
Buy on rumour, sell on news. Always the way. Overall the RNS is mostly positive. Nothing major from what I can see, but continues to keep me positive going forward.
DOWN ? ...... what on earth for !
Aggregate level of customer enquiries well exceeds the full capacity of these production lines, with the top 10 prospects exceeding 9 million units per annum
As demand builds, the Board will look at how to best grow sales, potentially by adding new capacity and/or new product lines.
The major focus for CAP-XX continues to become profitable and cashflow positive as soon as possible by leveraging the successful commissioning of the newly installed Murata production equipment to facilitate increased product sales.
The Board is confident that the Company has sufficient cash to complete the Murata project as planned and that the commissioning of the Murata production lines will transform the Company's sales and cash flow position.
''we have succeeded in improving CAP-XX's underlying trading performance, growing sales and doubling the orderbook.
We look forward to the future with increasing confidence.''
A very positive report from CPX. No negatives.... I can breathe a sigh of relief now and watch us progress into a very profitable little company .... well done AK and the team.
Good RNS, should be a good month for News too, let's hope the markets also thinks so.
and over 3 million british quids in cash :-)
CAP-XX is pursuing Ioxus for the payment of awarded damages
· CAP-XX continues to pursue a similar patent infringement action against Maxwell Technologies, now a wholly owned subsidiary of Tesla Inc. with the initial discussions in front of the Court scheduled during November 2020
tested supercapacitor products to be available for shipment to customers before the end of the current calendar year
Aggregate level of customer enquiries well exceeds the full capacity of these production lines, with the top 10 prospects exceeding 9 million units per annum
http://www.share-talk.co.uk/announcements/rns/cap-xx-limited/audited-results-for-the-year-ended-30-june-2020/202011030700060672E
rsult to June.....that'll do very nicely..all set up for for the next few months with Maxwell/Tesla next step in a week or two, production begins etc :-)
Coastal radar just sighted gold and green carrier pigeon leaving French coast heading N. W.
Yeah and dreaming about his retirement......
He must be thinking about that by now, needs a good couple of years of company profits and then may be a step back for him.
The company now has the basis for someone with the "Dynamic" touch to set this on fire.
Arf arf. I have in mind AK lying on the sun lounger on Bondi Beach doing the first draft for the Nov 3 release.
Just let me digest that.
Yes agree but after 10 years of jam tomorrow it needs some proof in the pudding otherwise the sp will remain crumbs.
It would seem that quite a few folks are thinking that cpx trading results & update will be the usual damp squib this year. I think they will be in for a very pleasant surprise as cpx will finally blossom into a great little company with profits on the immediate horizon. Very much ripe for a takeover bid in the near future. We are to good to be ignored now methinks. All IMHO.
https://twitter.com/surprised_trade/status/1321723068109250560
results to June & trading update next Tuesday 3rd Nov.
''The Board expects to receive a payment estimated to be A$3.3m- expected to result in a significant uplift in revenue and positive cashflow-CAP-XX is now pursuing the recovery of the US$4.9m court award - sales order book over 50% higher than this point last year''