The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Still struggling to get past that, so what’s the chances of the placing going through. Are investors paying the 2p and if so will they be able to sell at a profit,
OF, Statkraft might grant exclusivity to Redt in return for a guaranteed price discount to the market offering. RedT obviously wouldn't want to grant exclusivity to Statkraft unless there was an enormous guaranteed pipeline.
Mite or Might
The Association of British Insurers (ABI) is aiming to unlock billions of pounds of investments for clean energy projects.
https://www.solarpowerportal.co.uk/news/britains_insurers_could_unlock_billions_of_pounds_of_investments_for_clean
Still, disruption attracts those with financial might, I have a small holding here.
AFP, been keeping away from the screen quite a bit as I took a large hit last week on another share. Also to be honest I really do not add to your points, in this case all I can do is hope its for real.
One point I would add is why would someone allow exclusivity, the power of competition is enough to keep people focussed surely.
Also, to answer AFPs last point, I have a quick look at Statkraft UK's website, and the certainly are announcing the deal. Couldn't see any mention of exclusivity though...
AFP, I appreciate your post but feel I have very little of value to add as I'm not in your experienced position. However, that has never stopped me giving an opinion on virtually any subject in the past, so here goes.
RED has been flagging this link up for some time, without mentioning a name, and I will take at face value that it is only now they have actually signed on the dotted line so it's news worthy. Yes RED and others have been offering this type of thing for a fair time and I'm disappointed that they have not gained better traction but we are where we are. Statkraft, by all accounts, although i haven't looked in to them much, are very big and must have lots of leads and contacts. They certainly have lots of credibility that can only improve RED's. In any case it will be a case of them taking the lead in procuring orders and RED tagging along behind IMHO.
The question for us it can RED stay viable while they fulfil the orders that will surely come from this linkup? Someone on one of the BBs said that Statkraft approached RED not the other way round. I don't know where they got that info but, if true, I wouldn't be surprised if they took a strategic holding in RED, especially at these levels. That will be good for RED but may hurt us permanently. I just don't know.
Which ever way we look at it the RNS was very positive and the SP has responded making the OO a done deal IMHO. I entered the prediction list for the end of the year not because I thought it was in any way serious but just a bit of fun. Its actually the first time I've put my name to SP prediction and It marked me down for 40p. When I posted that prediction i asked if I could make 2 predictions, the other being 1p. That was denied to me so I chose 40p just to remain positive. It would be ironic if I got 1p right as well as 40p in the same year. If that comes to pass I think I should open my own financial blog. Here's hoping.
Good to see someone has made a lot of money on RED .
Maybe one of the BOD
Best of
Just gone through at 1.90
The future now looks very bright .
Despite the BOD`s past misdemeanours .
Best of
Either everyone has blocked me/screened my posts or no one has any comments/interest in my observations - I thought they were pretty relevant!:
"Just want to share some observations for you. I work for/manage a company doing exactly what Statkraft is saying it's going to do. All the energy companies are coming up with a similar proposition (1-2 years behind the smaller players like us - as is to be expected). What this RNS says is a new proposition is absolute nonsense. We have been offering fully funded solutions for yonks and we have been proposing these on a PPA basis or a revenue sharing basis. What's more ridiculous is that RedT know that we offer this as we have had detailed discussions with them on a project specific level from about 24 months ago - we never actually did a project with them as they didn't seem to understand what motivated an investor so it was forever a process of educating them and a very slow burner.
All the above said, obviously this is great news, however I think there is a danger for people to think this is bigger news than it actually is. A Partnership is often announced to create a news story for publicity which helps generate deals. Having those deals actually come to fruition can take a very long time as there's a huge client-education process which has to take place. I hope that there were already projects and clients in place and that Statkraft has just been finalising which technology it wants to use in which case excellent! If not I wouldn't be surprised if Statkraft have also underestimated how long this takes.
Given the track record of RedT I wouldn't be surprised if this has been massively over egged. Has anyone seen Statkraft make a similar announcement? Is it exclusive in that they won't use anyone else's tech?"
https://www.thetimes.co.uk/article/firm-energised-by-deal-with-norway-32j6rqw6m
An embattled British energy minnow is to install its electricity storage technology alongside solar panels in businesses across the UK after striking a deal with Norway’s state power giant.
RedT Energy said the deal with Statkraft would mean it installs “vanadium redox flow” machines capable of storing up to 60 megawatt-hours of energy in aggregate — equivalent to the daily electricity needs of 6,000 homes.
The storage machines will be offered to businesses over the next three years alongside solar panels capable of generating up to 100 megawatts of electricity.
To be fair the deal was mentioned in the RNS 14 March, just the name was excluded at the time
It is not unknown for a basically sound company's sp to go down and down through various kinds of misfortunes, e.g. currently Inmarsat, only to see a rescue takeover offer come when the blood is flowing on the streets. I am a PI. It is just my feeling. gla.
I never trust grown ups and I certainly dont trust coincidences. A make or break fund raiser, a live or die fund raiser and then the RNS.
Quote " The Norwegian hydro giant Statkraft is looking to a virtual power plant model for expansion across Europe. This month the company confirmed plans for 2 gigawatts of VPP capacity in the U.K. later this year, alongside 12 gigawatts in Germany.
State-owned Statkraft said it already manages more than 1 gigawatt of U.K. VPP capacity, made up of wind and solar power along with battery storage and flexible gas engines."
Https://www.greentechmedia.com/articles/read/statkraft-looks-to-virtual-power-plants-as-renewable-energy-surges?utm_campaign=GTMsocial&utm_medium=social&utm_source=twitter&utm_content=1553523880
I was looking at todays RNS ... yes ... 14th March ... 72 units sold (subject to some undisclosed conditions) ... then the price tanked (presumably the open offer) so really got lost in noise.
Lets hope its a real sale - depends on the conditions ... any bets we won't get sight until after the offer closes ? (well.. with Scots track record .. can hardly blame me for thinking it) ... but I do hope its real and the start of rebuilding .. VFRB is taking off and we could do with a UK company (even a small one) in the mix
They have an order for 72 units? Not sure you read that right faramog.
Nice having the grey clouds swept away for the one day though!
I know that the RNS on March 14th was quite long, but it did contain all the information (with the exception of the name of the partner). There was a section towards the bottom that talked about the commercial state of play, which also includes details of the pipeline and the 72 units sold. I guess that a lot of people either didn't trust RedT on their prospects (understandable, given history), or just saw the fund raise share price and panicked. I must confess that I almost bailed out towards the bottom. The only thing that stopped me was the fact that at ~90% down, I wouldn't have got much back anyway!
We get an rns which everyone including myself took as the end of days including myself. Next thing we witness an rns stating we've partnered with a multi million pound enterprise with a shuffle of the board and some good orders. I didnt sell but was close to the edge absolutely gutting for anyone that did at huge losses. Whats so unfair is people that have been here for 2-3yrs losing there holding and Incuring huge losses yet people last week could of got In at around 1p and made a 100% profit overnight. So we continue and today looks like this is now heading in a new direction...
Why would it increase? There is no value. Have a project for 72 with an additional 800 planned. Sounds very much like the Germany project.
I don't doubt the 72 flow batteries would be installed within the next 3 years. However that is very small.
Boiling slowly.
Best of
Of a major breakout and no one here to chat ??
Where is the herd ??
This will do another 100% from here just to get back to where it was before the doubts set in.
Purchase agreement signed with Statkraft, world leaders in this field.
Agreement signed for 72 redT units .....
Just the start here...... Major re-rate on the cards, and at all time lows since 2006 !!!
Boom time coming, I think >>>> ££££