Member Info for Alfacomp

Lindon - if I was a potential investor in Pineapple Power I'd want to see that they had all bases covered - so not just Monte Carlo or bust explorers but also stakes in the established VRFB powerhouses.

https://batteryindustry.tech/pineapple-power-to-target-vanadium-flow-battery-opportunities/

"Pineapple Power Plc, London, UK, is a proposed new cash shell, or SPAC – Special Purpose Acquisition Company, that is currently raising money ahead of a London listing. The company has been incorporated with the view to acquiring at least one takeover target in the vanadium flow battery industry"

I wonder who they have in mind. A bit of Mergers and Acquisition activity in the sector will no doubt raise its profile in the City of London.

to more than double in 2020

https://www.greentechmedia.com/articles/read/australias-energy-storage-capacity-more-than-doubles-to-1.2-gwh-in-2020

Yes AVL are up 15% on the day

comprehensively debunked here - https://www.youtube.com/watch?v=JDFlV0OEK5E

Excellent find Floyd, Mikhail taking is rightful place on the top stage

Mikemine - at least 30% is the cost of electrolyte. 30% could be the cost of the Vanadium before you start turning it into electrolyte

KingPin - if you want to learn more about Bushveld Energy you really need to see this - http://webcasting.brrmedia.co.uk/broadcast/5bd2eae5b01efb6b20c2f9eb

RS - no the groundwork was laid by RedT, but the general point is that energy storage providers are now starting to appreciate the limitations of Lithium-ion battery installations, cheap as they may appear to be at first glance.

no

bassguy - try companies house

bassguy - no I doubt they will try and spin against this, they will leave it a couple of days and then come back saying 'where's the earth shattering rise then ?' and similar nonsense.

But like the ****'s they are they will not be able to resist the rising tide for long.

it may not all happen today, or even this week, but the message will be repeated again and again from now on.

Bushveld is no longer a mining company. It is a vertically integrated energy storage provider.

AND it is more vertically integrated than any other battery company out there.

from a big business - is precisely the kind of model that other big businesses like to see.

This is just the start.

Big companies like Pivot Power absolutely love being able to buy things over extended periods like this - it allows them to pay for services rather than have to find more finance and then have to pay tax to the government up front when they buy assets. It's basically keeping a major part of the asset off the books - plus it also gives them an easy route to expansion.

everyone knows that 'profit' is an opinion that you can get any accountant to come up with almost any opinion on.

What investors need to know is what the price to earnings (PE) ratio is, as that is how they can compare different company market valuations

Bushveld 2019 Annual Accounts - Earnings per share 5.45 US Cents (See Note 12 in the consolidated accounts)

US Dollar = 0.76 Pounds => 5.45 US Cents = 4.14 pence

Current Share price 12.25 pence

PE Ratio = 2.95

The profit in 2019 was USD 83,253,558

The $46Million figure was classed as Investing Activities and was described on page 38 of the 2019 annual accounts as thus :-

Investing activities
Investing activities included US$30.7 million cash paid for the Vanchem purchase, US$4.4 million investments in Avalon and
Enerox as well as the cash repayment of US$3.6 million for the deferred consideration payable to Yellow Dragon Holdings. This was offset by interest generated on bank deposits amounting to US$3.6 million.

James yes they are

Bassguy - yes the 46 Million USD included US$30.7 million for the Vanchem purchase, and US$4.4 million investments in Avalon and Enerox.

I guess that if you buy up great assets at great prices the cash has to come from somewhere. It's rather useful we had it in our bank account as that has allowed us to carve out a major part of the VRFB ecosystem into a fully integrated system under our control.