Member Info for DD77

Almost certainly JP

The key wording hidden in the RNS is this:

Revenues in FY26 are expected to be broadly flat, with new customer wins being secured in the second half but offset by the impact of a fall in renewal rates of certain legacy STREAM® customers.

So they are reliant on securing new customers in the second half to simply maintain the current level of revenue due to customer attrition. It’s a slippery slope if you can’t keep your own customer base happy. Major red flag

No not confusing anything, it’s why the SP has dropped nearly 20% in the past couple of days

The projects that would be used for it are

Yes that bit is not at risk, but Endurium has been included in 16.7 GWh of UK LDES Cap & Floor bids and those projects potentially are. It is unlikely but the risk is what has caused the pull back in SP. It should get addressed in the next few weeks, as the UK are meant to have released their defence plans to NATO at the forthcoming summit.

https://www.thetimes.com/uk/politics/article/keir-starmer-defence-net-zero-ed-miliband-7lsz85hlf

The cap and floor might not be but LODES is and is potentially at risk

The drop is due to Starmer telling Miliband he needs to cut a load of spending in his department to fund defence. Apparently carbon capture is in the firing line but IES is receiving collateral damage as it may affect LODES

They continue to flatter to deceive with more jam tomorrow

Stop clogging us this BB with your pointless ramps

This is a dead duck which is why Rachel jumped ship. Read the tea leaves guys. It’s all positive words, letters of intent blah blah blah. No substance behind it.

Yes that is important balance but unfortunately the update leaves more questions than answers and that’s what causes concern. It appears the business model doesn’t work without a critical mass of customers within an area supporting an in house plumbing setup. This was always my concern. How has the situation deteriorated in such a short space of time?

If it was just a temporary funding gap, why haven’t they been able to find someone to plug it already? Putting a late in the day RNS looks concerning. I’m holding out of hope more than expectation now

I’d rather they just sold it tbh. What terrible financial mismanagement

It’s sure fire signs of a slippery slope when these things happen

Irrelevant. Cash is king and they have no pathway to profitability still. Revenue is vanity which is why the market has reacted as it has. There’s no confidence in them delivering a profit and a return to shareholders

An ever decreasing cash position even to 2027 does not indicate that they won’t require further cash raises. In fact it suggests the opposite

They are not close to breakeven. Forecast for FY26 is for net loss to increase to $1.3m

Not impressed. Forecast for an increased $1.3m net loss this financial year. It’s become a lifestyle business, taking PIs for a ride

That’s what we all hope for! My concern is that they seem to almost act like a community interest company/charity and shareholder concerns are not a focus. The fact that hardly any directors are invested here says a lot. However I remain a holder because it’s still hugely undervalued

Nice to see someone else still in here.

I agree it should remove uncertainty and make it more attractive to potential investors, despite the massive dilution. The board need to start delivering on their expansion and returns to shareholders but macroeconomic issues seem to have badly plagued the company in recent years

Density building is key to improving margins