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Vestas is our sales partner, and todays order is for a new end customer, obviously which good for us, spreading our base wider.
Not much of a following though, muted response this morning.
It's from Vestas again, no?
Another great order for 89 WindEye 3 systems, in North America, also a plus point it’s for a new customer.
The potential is definitely there.... Hopefully this is the first of a series of orders. The biggest market by far is China and glad to see we already have customers from that region.
Great RNS today, still huge potential here.
First Volume Order Received from Vestas
Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce that it has received the first volume order under the Company's global distribution agreement with Vestas Wind Systems A/S, which was first announced on 28 June 2018. This order is for 110 of the Company's latest generation WindEye systems for a wind site located in North America, with delivery expected to commence during the first quarter of 2022.
Over the last year, Windar has been focused on optimising the performance of its solution for the power improvement of V82 and NM82 wind turbine models. The Company has been able to demonstrate both material yaw-alignment optimisation, resulting in proven average annual energy production increases of more than 3%, and a reduction of wind turbine loads and alarms resulting in less downtime in high wind speed periods through its advanced and propriety yaw-alignment algorithms, specifically designed for V82 and NM82 wind turbine models and implemented through the Company's plug 'n' play WindTimizer solution.
With this unique solution, Windar Photonics A/S, will continue to work with their partners and customers to offer this unique solution to the roughly 6GW of installed capacity of V82 and NM82.
Jørgen Korsgaard Jensen, CEO of Windar, commented: "I am very pleased to report that our efforts over the last couple of years, in partnership with Vestas, are now starting to generate substantial orders. Windar has invested heavily in our wind analytic and turbine control technologies and capabilities, and I am proud today that, not only do we have very advanced and cost-efficient Lidar wind measuring products, but that, combined with our turbine control algorithms, we have a unique and exclusive total demonstrable improvement and load reduction solution for these turbine platforms without the need of any turbine controller modifications. We now expect to see a substantial penetration into the potential installed turbine platforms during the near to longer term future as we also expand our total solution concept to other turbine platforms."
For further information:
A few early buys this morning, looking better, we can’t all be wrong :-)
it is interesting as with most cleantech related companies there has been a lot of false dawns in the sector going back 10 years. I think Windar going back to 2016 had pretty excitable forecasts but every year it looks there has been setbacks and the financial squeeze that ensues from combining bullish revenue forecasts that fall away and increasing cost base. The edison report in 2018 is probably perhaps more valid today than in 2018. https://www.edisongroup.com/wp-content/uploads/2018/10/Windar-Photonics-Harnessing-the-wind-more-effectively.pdf I like companies who have persevered and i can see that their cost cutting and revised model might have an impact and change their fortunes but the revenues are still very small and as the unit cost reduces they will need to sell more units for the same revenue, although you hope the demand increases by more. Plenty of positives on where they are but the £400k placing seems quite a small amount as they will be loss making for sometime to come so its not unexpected for a further placing this year. market cap is 10x the revenue and the question is how fast can the trajectory of sales really grow as they have struggled more than once with supply chain issues.
Ok another 20,000 @ 33.7p, about time for some news now.
Hopefully the next news will blow us away, in a good way that is.
Taken 4000 @ 42p, very hard to buy anything in size at the moment.
Peaked at 50p mid day high 17/2/21, & still only £23m MCAP.
Thank-you for the abridged version. when i looked at this many years ago j concluded it will probably happen when a company offers a pay as you go model that Windar is viewing. The downside is the need for deeper pockets to front the investment and get the cash in from customers ongoing so its going to be all about the management executing that and probably how they finance that model. Bringing cost down, as they are trying, is key to that so they look to be approaching it well. Its odd they have mostly south east asia exposure and less Europe from what i can see. For me Windar is all about market timing and they are probably at the start of adoption more widely if their model can work.
Hi Simms, I think the short fall in sales was down to COVID affecting China sales, results were delayed and so the shares were suspended, obviously not helping either. Back from suspension about 20p, drifted down to around 12p area, placing raised cash.
December RNS was very positive though, new products expected Q1 this year, so a little late, but expected to be cheaper and better for our clients.
Some great videos on their company website, worth watching.
I bought in at 15p and averaged up, including today (30.7p) three times.
Their in the right industry at the right time, Just hope the directors are up to the task.
Just came on my radar, so to speak, as i had some historic interest in Lidar and did not know there was a company on the LSE exactly in this space doing something i think is potentially great. There is only going to be more wind turbines globally and most are installed at over-optimistic energy forecasts so anything to raise efficiency by a few % gets my vote of confidence. The company seems to have had a rocky path that might need a little more investigation as to the quality of the management team to execute as i think Lidar sold well has a great opportunity so be interested to hear anyone who has some key points why sales dropped 50% last year as that tends to shine a light on management making bad decisions or technology with some growing pains. Will be hopefully reviewing my portfolio in green stocks and this looks promising.
For WPHO this year and going forward.
Hopefully they can play a large part in our green energy goals.
News can’t be too far away now, so took the opportunity to add an 10,000 extra at 30.7p.
Excellent news for us I believe -
By Charles Kennedy - Apr 19, 2021, 11:30 AM CDT
China has plans to boost the share of solar and wind power in its energy mix to 11 percent of total electricity output this year, Reuters has reported, citing a draft rule prepared by the National Energy Administration.
China has pledged to achieve net-zero emissions status in 2060 and is targeting peak emissions by 2030. To hit this target, according to the NEA draft rule, the country will need to boost its solar and wind generation capacity each year over the next five years, so the two can reach a share of 16.5 percent of total output by 2025.
Goals are even more ambitious in terms of installed capacity: NEA has set 2025 as the year when hydro, biomass, solar, and wind should reach 50 percent of installed generation capacity. That would be up from 42.4 percent now, Argus reported earlier this month.
Last year, China generated 29.5 percent of the electric energy it consumed from renewable sources, including hydro and biomass. Hydropower accounted for 61 percent of this total.
According to a Wood Mackenzie report, China will need to invest $6.4 trillion in new power generation capacity to reach its 2060 carbon-neutral goal. Additionally, it will need to achieve a 75% increase in electricity demand to replace fossil fuels to meet that goal.
Despite these ambitions, China is building new coal power plants. Last year, the country started constructing more coal plants than the rest of the world retired. As a result, 2020 saw the first increase in global coal-fired generation capacity since 2015.
China commissioned 38.4 gigawatts (GW) of new coal plants in 2020, offsetting the record-tying 37.8 GW of coal capacity retired last year, the report showed. It also has 88.1 GW of coal power under construction. Another 158.7 GW is proposed for construction.
I am very pleased with not only the recent financial and market developments but also the near completion of our next One-Unit product platform to be launched early 2021 with substantial performance and cost advantages for both our customers and Windar."
I too agree with the buy rating, so averaged up this morning, news should be very close.
So the break even revenue is stated at 3 million Euros. Total order inflow for 2020 was exactly this figure of 3 million Euros however could not be delivered in 2020 due to Covid.
With the order inflow forecast to improve as a result of OEMs and agreement with VESTA and new products, then surely this is a buy...
The company already has exposure to China, the worlds largest wind turbine market. I don't think the market is pricing in the exposue WPHO gains with the VESTAS agreement too.
It's a screaming buy from me with news due any day.
I’m still holding, might be tempted in a small top up at this price.
I am also pleased today to be able to announce that, despite the impact of the Covid-19 pandemic in 2020, we expect to report revenue for the year to 31 December 2020 which is a c.21% increase compared to FY2019. This increase has been driven by particularly strong growth in the second half of the year, with sales during that period expected to represent more than four times the value achieved in the first six months of the year and more than double the comparable period in 2019.
If the “particularly strong growth” has continued at the same pace, then the recent price rise is more than justified.
Also new product launch early 2021.
At it again, 33p to sell. Re rate is gathering pace now, hopefully 50p+ to start reflecting the potential here.
Nice start to the week for WPHO, 29p to sell and 31p to buy.
Tiny market cap at £16.4m for a company who’s product’s can pay for themselves in 2/3years and increase a turbines output by 2-4% annually.
Over 100 have been deployed so far, and with all the green energy the world plans on producing going forward, why wouldn’t they fit WPHO’s kit to increase output.
Couple of buyers taking advantage of the low market cap this morning.
Confident as we can be going on the info in the public domain, 21% increase in revenue and four times more value in orders in the 2nd half compared to the first.
Excellent basis making a investment case.
Spot of news to underpin the recent rerate would be welcomed, gla.
What a good day we’ve just had, it’s very quiet here.
Zak Mir from Share Talk Chartists suggests 58p target price is possible with
a “fair wind” :-)
Sssssshhh we’ll keep all the gains to ourselves then!
On advfn...mentioned gap to 78p