Member Info for Ctw2014

We should surely be hearing some good news about the factory soon!?

...rise on the acquisition news. Imagine how far this can go once news of first turbine installation at Maygen comes along!

Reiterate buy recommendation with a target of 200p, for what that's worth. Interesting that this peaked at 188p in March 2014 at a time of rising revenues but declining profits. If they can show increasing revenues AND profits, and the indications seem to be there that this is achievable, then this should rise nicely despite the pension issue IMHO. DYOR and all that.

Mildly amusing that even Tomco call it cash burn in their latest report. It's an apt term really, albeit that we can hardly expect that people will forgo salaries etc, because this project is essentially mothballed unless and until Redleaf get on with their demonstration project. We have no guarantee that this will happen even in 2016. If the oil price environment stays low it could be deferred further. There is clearly long term potential but the worry here has to be that cash runs out before things change. I am already over 90% down on paper and will hold regardless because there is precious little value left to sell. Drastic cost cutting required in my view to preserve cash pending an upturn in fortunes. They do talk of cost cutting. I just hope they can cut enough to keep us going for the length of time it takes. That is somewhat debatable in my view sadly, but you never know! Possibly the best hope is that a major like Total snaps us up on the cheap taking a long term view and banking the resource. That would be good but Tomco's bargaining position is weakened by the delay and their transparent need for cash. On the upside, once the permits are in place the scales tip a bit further in Tomco's direction, and that should happen before the cash runs out.

...19% up this morning so far. Long may it continue!

...16% up this morning. Feeling a bit happier now!

Sp not so!

Just what the doctor ordered. Nice positive AGM statement this morning is lifting the so a bit.

Yes indeed. Volume already nearly 1.5m! Looking good.

Was not great. Well down on paper at the moment. However, we only need a bit of good news on this to see the share price start to recover IMO. Just wish I had waited a little longer to get back in!

£250k purchase this morning - people are beginning to see the potential here.

....5p up now.

Up 3p so far on the news. Nice to see a bit of market reaction.

The presentation is no doubt timed to announce commencement of commercial operations at Chennia IV, so we should hopefully see a bit of a lift on the news.

The longer they delay the accounts the better in a way. I suspect they will be hoping that they can mitigate the bad news in the accounts by some post accounting period news showing that at least revenues are now beginning to pick up. Let's put it this way, unless they can deliver some good news soon in terms of actual receipts, the sp will continue to slide into the abyss. I still hold out some hope, however, that this may yet turn the corner. Pretty shocking tale of woe on their financial housekeeping though and although I had been thinking about topping up to average down, prior to the latest bombshell, there is no way I am doing that unless and until I see some positive news on actual cash flow.

Atlantis has bought Marine Current Turbines Ltd from Siemens for new shares in Atlantis consisting of 9.9% of the enlarged share capital of the company. Looks like great news and the fact that Siemans have accepted solely shares in consideration demonstrates their faith in Atlantis and its ability to deliver shareholder value IMO.

Still sitting on the fence re Nanoco, but you might want to take a look at PREM for something moving a bit quicker than this one.

Someone building up a stake here?

I was stopped out here and looking to get back in. Very disappointed about the delisting as I don't have access to the TSX currently. At least the value hasn't plummeted on the announcement, presumably because it is still going to be listed on the TSX. I had another investment with a company that delisted from AIM (without an alternative listing) and lost the lot!

The continuing drift in sp despite the good news flow is a bit baffling, but it can only be a matter of time before things pick up here in my view. Earnings are forecast to nearly double by the end of this financial year which will put the p/e at around 9, with further improvement to come in the following year. DYOR of course, but I can't see how this cannot go up now the new power stations are coming on stream.