RedT10 Nov 2017 20:50
Little disappointed with todays action, quite an important milestone today as in back to single digits, quite why we are now valued at a 64 million market cap when you consider we have been around a 40-45 million market cap without any sales (in fact before seeding unit scheme had really started) and had 10 million or so less cash in bank.
Mr Market has added value here of around 10 million, if we subtract cash in bank, for a company that has now commercial sales doubling our previous production and secured several agents in key growth continents. That is really disappointing.
What is more the company appears not to attempt keep investor interest, we have no updates in official terms on our largest deployment at The Olde House. This is a key project, not only as it involves Centrica, but is our flagship project for the world to see working, a fully outsourced contract manufactured product that is cheapest in class. It is great the company has shown a few shareholders around these working units, we also have had a brief spell on Countryfile which is all good and well, but the market needs know officially via RNS that this project is operational.
Furthermore they should be keeping us all updated on other projects that we know are near or perhaps even completed, such as another key project in Africa with Thaba Hotel. Whilst we know it has been delivered a while back, we are yet to get anything official from company, this just is not acceptable for investors, we need be kept abreast of what is going on.
It seems the company has a total fear of releasing anything formally on RNS, likes of that Agricultural sale here in the U.K, that was a substantial sale of a couple hundred thousand that opens up a key market to farms across Britain, that was a huge sale in terms of future revenues but also the financial returns available, a 17% return is real impressive stuff that should be shouted from the roof tops.
As investors it is really poor from company that they do not keep market or ourselves updated on progress, this is a new product that has come to market, with a new market place of hundreds of billions in revenue, a revolution. The company needs up its game, keep investors up to date more regular and not via selective investor presentations, but clear, precise RNS that clarify exactly what is going on. Should they do so we could well be trading back mid teens which would be exactly where we should be before the next round of news.
To summarise, pull your PR finger out redT, enough of this quiet achiever rubbish it is not washing with investors, AIM is news hungry is it time to shout a little louder so the market can hear you and us investors are rewarded appropriately.
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