Member Info for bluerill

Open offer went pretty much as predicted and excess subscriptions seem to have been scaled back by over 50%. On that basis, if this were a normal market, I would expect a strong bounce on a bit of short covering by traders who were a bit too clever by half and also on the back of a sector that has pushed on significantly in the past couple weeks.

I'm sorry, could you translate that into something a bit less meaningless?

Ok, ok, the 'clever fella' is moi. I am now more convinced that we do have some minor funny business going on in the market around the open offer, which will come to an abrupt end on or around a week from today....Anyway, in response to another poster for further clarification on this possible 'artificial' selling, I responded with the following: '...Like I said, there is a somewhat defendable rationale for small legacy holders to sell the amount they can get in the open offer at any price higher than 175p and lock in that 'profit' by taking up their allocation (there is one other possible side to all this: some of these same holders and some clever clogs, may well have attempted to 'oversell' their allocation; ie., sell more shares than they are technically entitled to apply for in the open offer - effectively going short for a week or so - in the hope that everyone will NOT take up the offer and so they would be able to over-apply and get more than their initial allocation. This then gets into headache territory if - as has almost occurred - that selling pushes the market price down near, or even below, the 175p issue price where even more legacy holders may decide NOT to apply. The headache comes by trying to figure out whether the selling is mostly inocent activity or something a bit more sinister. This all may seem a bit technical but it is a very common strategy among hedge funds and other sharpish traders. It can cause short-term disruption, but its all part of the game). That relatively minor 'arbitrage-style' selling should have been more than made up by professional buyers who understand however, that that small selling pressure is (very) temporary and the sector - and the company - remain on fire, and paying 170/180/190 makes no difference long-term. For some reason unfortunately, the market decided to obsess over the 23rd and effectively wait until it is done and dusted before getting involved. In my mind, that is no longer the case as equally sharp shareholders have been woken up to the situation. We'll see...'

People - I have done a reasonable amount of poking around and its not sexy, but I can tell you pretty confidently that this selloff in the past week (despite the new contract win) is largely down to - and it truly pains me to write this because of what it says about some of our shareholder base, but even more so the MMs making a price in our shares - the upcoming open offer on the 23rd. Have no doubt: the £2m offer will be completely taken, and then some, by legacy shareholders and thus there will be no excess shares sloshing around, etc. Sure, some small holders are selling - or they had been - above the 175p placement price to 'lock in' the small gain and then take up the offer and thus keep their shareholding unchanged. There is nothing wrong with that I suppose, though it is terribly short-sited. What has happened subsequently to that selling however, is what has really surprised me and then, hurt the price. The 'market' (MMs and some of the bigger holders who should be adding here) have somehow decided that the 23rd is an 'important' date which they should wait to pass before going back in. As a result, market makers have clearly decided they can't hold even the tiniest inventory in IES and proper buyers have pulled back until the vote and open offer are finished. This is clearly moronic behaviour which the current market rally AND a bit of marketing by guys like me are set to reverse BEFORE the 23rd. Consider this the bottom.

AFC Energy signs strategic partnership with ABB, Brexit be damned. That's one of Europe's engineering giants endorsing a UK minnow in the EV charging space, which the new JV reckons will be a $140B market by 2030 just on its own. Siemens next?

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201214:nRSN4702Ia&default-theme=true

This company, and its shares, is just starting

And that, ladies and gentlemen, is a word salad 'answer' only an uber-troll, off his meds, with an agenda derived from the voices in his head, could cough up.

Of course its not true. 'He' doesn't know the first thing about anything to do with market regulations, or the stock market generally. He is mis-remembering a previous schooling I gave him about making such false allegations, where I (uselessly of course) explained to 'him' that the FCA might not look kindly on company insiders posting on poxy bulletin boards, not that it was criminally against the law.

and.....I rest my case. classic

'He's' not interested in being right; just in hiding in my boot and trying to gum my ankle with his toothless slurs

More solid work from VSA, this time an interview with Larry, probably further energising the share price today: https://www.youtube.com/watch?v=vVCj86AuZEk&feature=youtu.be

decidedly not tepid......

......oh and, more good news from the sector's bellwether (perhaps globally, but certainly in the UK), Ceres Power, has further lit up the sector generally

back on earth: we have broken through £2 largely, I would submit, on the back of an oversubscribed placement that both generally brought this name to the attention of institutions especially keen on this sector, and directly created some material, as yet unrequited demand (from retail as well), for the shares.....

My sources tell me IES could have raised as much as another £10m if they had wanted. The deal really sound like a smashing success.

VSA have been brilliant in helping both the company fundraise and shareholders stay current with relevant developments between announcements. A bit of a victory lap this (first item on the twitter site) but the early discussion on potential strategic partner(s) is particularly exciting regarding the potential upside in the nearer-term : https://twitter.com/VSACapital

waaaay too detailed a response, alfa. Distinction without a difference pretty much. I was simply having a bit of fun off your post, though I very much enjoyed reading it. Your passion for this space is obvious

Smile. Yes alpha, it's positive for bushveld as well. When hopefully, some of the institutions that participated in this raise declare their holdings, you and I can call them together to tell them how bushveld are the proverbial picks and shovels sellers to the VRFB revolution!

Expect this major capital raise to be the inflection point in this company's history. The share price may be a bit shaken for a few days/a week, but this deal was apparently very well received by the sort of institutions that have been the one major missing piece to this valuation puzzle. And that positive reception would have been based largely on management not only telling the impressive story of a merger of 2 major flow players into an industry leader in the space and the past 6 months of order wins, but on that momentum building into the near- and medium-term. Power on