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Recycling of old news maybe? Presumably part of the Doe funded projects... A news story all the same.
Better than the lack of news we see from invinity...
Whilst i'm also keeping the faith there is nothing baffling whatsoever about the recent share price action. In the Investor Meet following the interim results we were led to believe that we were in store for a very exciting end to the year and yet two months have passed since without any share-bolstering news.
Still one more month til 2024 so it might be that all the news comes at the end of the quarter but the recent dearth of news has been disappointing.
Https://assets.publishing.service.gov.uk/media/6560b0920c7ec8001195be01/uk-battery-strategy.pdf
IES - page 26
Case Studies 1 and 2: Examples of longer duration energy storage demonstration (LODES) competition winners
Invinity Energy Systems
Invinity Energy Systems has been awarded £11 million for the VFB LEAD project to build a longer duration, large-scale vanadium flow battery (VFB) that will be deployed at a key node on the National Grid.103 The battery will be the largest ever manufactured in the UK and will perform a broad range of grid balancing services, providing vital flexibility to the electricity network, and supporting the buildout of renewables. Invinity will manufacture the VFB at the company’s factory in West Lothian, Scotland and the project is expected to go live in early 2025.
He said ‘baffled with where the SP is at given all the positive developments/news in recent months but that the sector itself had been really beaten down and liquidity is an issue so they’re trying to lift that and it looks like was a significant seller so all that has probably contributed to the move in the SP significantly in a short space of time’
Hargreaves Lansdown Savings Monthly savings click on add share and buy for Invinity Energy Systems Plc ORD EUR0.01
No trading fee its free no Stamp duty. This is for the Sipp or ISA Monthly Investment you hold.
@Lamps - suspect they will have had a load of shares in their bag to sell from yesterday's sell off. A little rise gives them a good profit, a larger one might have deterred buyers and left them with too many shares.
And he said?
Well I spoke with Head of Investor Relations yesterday and am keeping the faith along with a number of others looking at the significant bits that've gone through today. I topped up towards close yesterday at 28.72p and got more dry powder to throw at it when she blows!!! GLA
Two wild statements form wildtiger. Get back in your cage.
On a more serious note: can anybody hazard a guess (not you tiger please) on why this has ticked up less than 1% after the deluge of blue today?
The next placing should drop this to 21-23p range
Wouldnt touch this until its 21p or below
“Invinity Energy Systems plc Short-Term Warrants
3,903,768 have been sold since 22 September 2023.”
Hope1815, where did you get this figure and what date is it up to? As at RNS on 1 Nov, they had circa 14.4 million short term warrants outstanding. I was expecting an update to that figure on 1 Dec but it would be interesting and positive if a significant number have been converted to date.
Trades across the board on these Platform By Country
Invinity Energy Systems PLC IES:LSE London Stock Exchange United Kingdom 3.58m
Invinity Energy Systems PLC J4Q5:BER Berlin Stock Exchange Germany 0.00
Invinity Energy Systems PLC J4Q5:STU Stuttgart Stock Exchange Germany 0.00
Invinity Energy Systems PLC J4Q5:FRA German Stock Exchange Germany 1.00k
Invinity Energy Systems PLC J4Q5:DEU German Composite Germany 1.00k
Invinity Energy Systems PLC IES:NXX Aquis Stock Exchange(AQSE) United Kingdom 404.38k
Invinity Energy Systems PLC IESVF:QXE OTC Markets Group Inc - International Premier QX United States 100.00
It is a broader view
4,425,394 shares have been traded today Hargreaves Lansdown
Invinity Energy Systems plc Short-Term Warrants
3,903,768 have been sold since 22 September 2023.
Unfortunately it doesn't take much to move this stock. What have we had today? 772k shares sold in 117 trades... Out of a total issue of 191 million shares. So sales of 0.5% of the stock moved the sp down by 13%??
Sounds about right for AIM I'm afraid! But, if there turns out to be no company based reason for this sale then an equally small volume can move it back up in short order. We had four decent sales and other good news from 28th July to 3rd Oct and then largely silence. Which means, to my optimistic mind, we are due another sale or two. The 15 MWh Taiwan Sale Secured with 255 MWh Follow-on Order Potential announced last December was meant to start delivery in Q4 2023. So we may get more news on that soon. Hopefully there's some uplifting news around the corner.
A fire sell!
Given the SP fall today, they would have to be sells
Not sure they're sells DD but then again not sure they're buys either. Certainly they are chunky trades.
Someone is getting out looking at those huge sells. Expect we'll see a holding RNS shortly
The company has certainly not ruled out an equity raise which would usually be done with reference to the share price at the time.
The Directors are in the process of evaluating potential additional funding options from potential strategic investors but no such funding is committed as at the date of approval of these financial statements. The Group has been, and continues in, active discussions with a number of potential strategic investors and is confident that it will be able to conclude an equity investment from one or more of such parties within the period up to 31 December 2024 assessed for going concern purposes
Company has stated that cash requirements will be met by strategic investors and not existing shareholders. No fund raise afoot. SP is about ebb and flow of buyers and sellers and absence of news means that sellers are dominating. Fundamental news of orders or strategic investors will change that dynamic and prompt a sharp reversal in momentum.
SP has dropped more than 20% over the last 5 days on no official news so clearly. Good to see the UK stock market still as bent as ever 🤬
Running short of cash as I doubt the short-term warrants will be taken up at I believe 50p which expire mid Dec
The Directors have prepared a base case scenario that assumes the 14.5m Short-Term warrants originally granted in 2021 ("Short-Term Warrants"), are exercised. Under this scenario the Group would expect to remain cash positive for the period up to 31 December 2024 assessed for going concern purposes. The forecast does indicate that the Group would move into negative cash shortly after the period assessed for going concern as a result of working capital investment on future sales. The Group would defer any working capital investment if it were to result in exhausting all cash. This forecast is also based on delivering existing signed sales contracts during 2023 as per forecast gross margins and existing and future sales contracts during 2024 at anticipated positive gross margins. The Directors recognise there is a risk that the Short-Term Warrants will not be exercised if they are not 'in the money' before the expiry date and given it is not at the discretion of the Group.
In assessing going concern the Directors have also prepared a severe but plausible downside scenario which forecasts delivery of existing and future sales being made during 2024 being delayed beyond June 2024 and forecasted margins not being achieved, and the Short-Term warrants not being exercised. Under this scenario the Group would exhaust all available cash by April 2024 and it will be necessary to raise further funding within the next 12 months in order to continue trading and deliver on the strategic objectives.
It does seem like that. Some very large sales have gone thru 60ks & 50k - suspect they might be doing the rounds re funding and as usual Pis are the last to find out.