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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!
All buys let’s review in an hour I’m more confident this is going up and not going down.
I think 1p very soon.
That was a ridiculous thing to quote in 2024. Where was the exciting news? I’m afraid this is not what people were looking for here. They just killed the share price for a very long tine! IMHO DYOR
Scmdcyp - are you as confident this is going up today as you were whecpx came out of suspension and you confidently posted the sp would be going up 400%? Hmmm
Think I’ll come back at 10am to see if you’re still posting then… Corporate update was a typical AIM sham. NO figures. Two years to profitability. What can we look forward to? Another placing, and soon imo. The next thing will be consolidation because the sp is now just embarrassing.
We will see a lot of interesting buys over the next few trading weeks.
Let’s get past .10 then nice move up strong.
Ignore this joe90 troll. Did the same for he1 with no investment. Keyboard warrior in a box room waiting for universal credit day
Need to catch up on price this is going above .10 plus.
Good day ahead this is undervalued tremendously.
Brain-dead rampers will STFU about 1 hour from now, when the SP is .5
The massive hike pre placing/suspension was due to all the Hype surrounding Cooleys increase in holding, which has now proven to be a damp squib
The midcap 12 months ago on poor sales and being sued by Tesla was how much?
Let’s pass .10 today and hold them easy .15 this was .30 only a few weeks ago and did a 150% increase in one days trading.
Today could be one of those days.
Who sold below 0.1?