RE: SP back to square one.20 Dec 2017 13:17
7-10 year view? Not so sure on that, many states on America have an energy storage target that needs be met by 2025, many other counties have goals for energy storage that our solution will no doubt be part of those plans. RedT have actually achieved quite a lot this year with several contract wins in big growth markets over the coming years, sure we have been setback by our large system being installed later then anticipated, it is running now and government policy has really put an end to lithium.
Compared to some competitors we have done exceptionally well, large orders will follow soon enough, personally have a target next year of a multi megawat system sales as a minimum, the payback period is reasonable at today’s pricing, if they can improve on that we will be very well placed, although that is not critical.
I do feel our broker could be doing more to clear out this large seller, if there is indeed one. It is frustrating to see our share price still around last years placing price given the achievements, hopefully a few more larger deals early next year will awaken market to the potential, Scott also needs put a little more detail in likes of our RNS on sales into Asia, hopefully he will do so with next transaction.