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You stupid stupid investors. It was all too obvious. The fact that batteries cannot even be sold into medical products until medical clearance has been given. If that is FDA clearance you will be waiting years. Ilika haven't even indicated they have started the process and of course you stupid stupid investors know why that is? AIMO
Actually the RNS states that the miniature SSB’s market is weighted towards medical, this does not mean that there use in IOT devices will not happen! They are just saying it is heavily split towards medical & im guessing that has got to be based on price currently!
This stock has done this before.....went to 60p and then more than trebled. That was the time to sell of course and I did. Started to buy back in at 111p which was not great....will add at about 60p. Just will take a bit more time.
GP says that medical devices are now Ilika biggest hope but to get FDA clearance you will need a very reliable battery. 99.9% reliable?
Imagine putting batteries into the body that aren't reliable!
I have a feeling Ilika can't produce a battery with those metrics. AIMO
Just listened to the director talk and its worse than I feared. FDA approval 3 to 5 years. They can only supply batteries for prototype devices. Sales will be tiny until FDA approval IMO
Buzz why didn’t you give everyone the link if it’s that bad…Because it’s exactly the opposite of all your posts?.Looking into your previous posts you are not a good trader.
Are you people really so bloody thick . Ilika will sell prototype to OEM to put in their test products but until FDA approval those medical cannot be sold into the market. That's how I understand it.
Buzz is a bot, he posts exact same posts on other forums trying to influence the price.
You are all so bloody thick pray tell where all the talk of sales to IOT have gone???
Decided to double up my holding today @ *27p lifted midday , looking good at close 30p. Hunts budget today might go down better with markets .
Berenberg cut target to but still says buy , taking that was after reading today's RNS .
I bought these twice on 11th May 2022 at 74.9p and later at 72p . ( no post here )
Original buy at 140p on 27th July 2021.
Today's news
Elsewhere in London, Ilika tumbled 32%. The solid-state battery technology company warned its loss before interest, tax, depreciation and amortisation for the six months to October 31 is expected at GBP4.5 million, widening from GBP2.7 million.
It also warned that revenue in financial 2024 and 2025 to be "materially lower than in previous forecasts".
Just sold the top up buy in November for 43p
7am RNs gave up its small rise by 10am , then started a slow 20% rise to 4pm .
Mon, 16th Jan 2023
Ilika shares jump on new deal with Cirtec Medical
(Sharecast News) - Solid-state battery technology developer Ilika has broadened its relationship with Cirtec Medical, it announced on Monday, through a memorandum of understanding outlining the transfer of 'Stereax' millimetre-scale battery manufacturing to Cirtec's facility in Lowell, Massachusetts.
The AIM-traded firm said it would focus on advanced technology development and intellectual property licensing in support of Cirtec's manufacturing and commercialisation activities.
It said the partnership would reinforce Cirtec's ongoing activities in system-level miniaturisation for the medical device industry.
Benefits of the partnership for Ilika would include the further validation of Stereax's capabilities, a manufacturing partnership delivering economy of scale and the ability to rapidly ramp production, and an expanded business development team bringing additional commercial momentum.
The board said that in due course, Ilika and Cirtec envisaged signing a contract once the terms of the partnership were finalised, with a further announcement to be made at that time.
"Our partnership with Cirtec reinforces a pathway towards commercialisation of our Stereax battery technology," said chief executive officer Graeme Purdy.
"Cirtec brings a wealth of manufacturing experience and a strong track record of successful product commercialisation in the medical device industry."
Up a further 12% by 9,40am next day @ 52p .
My first two buys still well under lets hope they turn positive soon .
In hindsight better if I had been otherwise occupied yesterday .
60p today looks stupid that I sold the November top up on the 16th with hindsight .
I mention on 17th below I did not post the two 1th May 2022 buys .
Bit of luck they will be out of the red soon .
The rising tide is lifting many of my boats , thank God .
The first buy in 2021 longer way to go .
Up 14% today to 68p my two May buys might be in profit this week lol .
11th May 2022 at 74.9p and later at 72p .
I see a spike to 91p 1st August 2022 , but back under my buys by the 15th, I was at par again by 30th August 2022.
By year 2022 end they had tanked to 25p
Rns today dropped price back 14% to 59p ( Around the price he sold for )
John Tinson, VP Sales and Marketing, sold an aggregate of 100,000 shares at an average price of 58.78p per share.
Better then my 43p
Posted here before as recently as January this year .
The slice on the 16th for 43p looking such a mistake by the 30th when 68p but a good move just four months on.
Did not realize have them in ISA as well.
There deadline tomorrow with excess facility .
Still not had email from ( D )
Email for subscription ( D )came yesterday took small allocation less then 24 hours to log in and DIY it.
May handy way of seeing other placings going forward.
Heavy take up in ISA all spare cash to excess offer with them .
Should get all as market price on here shows same 28p price.