Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I struggle to see how it could be 7-9 million to break even. They're spending over £5m currently a year, so margins would have to be really big to achieve break even off that level of revenue
Shorts have increased in recent weeks, now standing at 3.11%. Not hugely significant but it has increased from 0.6% at the end of June, which directly correlates with the SP fall we've seen. It's probably going to be a challenging 6 months SP wise, but it can bounce back quickly, if geopolitical conditions subside
Just caught up with the Investor Meet. I have been invested in XSG for over 10 years and have sunk an eye watering £30k in over that time. I have grown weary of the false promises and downright lies at times and recently sold what pitiful amount was left from my holding.
The Investor Meet appeared a investment pitch. Cash burn is still high and they will need to do another raise soon, so they were trying to drum up support by selling the story (which has been sold many times before). Other than textiles, which I don't believe will be a high revenue generator, I don't see a bright future. I think they'll tick along for a few years and someone will buy the IP for Xorbs and anything else worth taking, whilst the company will end up in administration. Sad, as I had high hopes here, but this looks like a dead duck (if only I realised earlier)
Occam - over $25m has been invested in the R&D side, which is now being scaled back as focus turns to commercialisation. They still employ 8 lab scientists who carry out R&D, assist with ongoing support. The executive team have a good handle on operating expenses and margins, which gives me real confidence and they've indicated already that H2 sales are strong
HarChris - that conclusion is inaccurate. Real-life data reveals a very different picture:
https://garagewire.co.uk/news/ev-repair-claims-up-370-three-years/
The RAC has long since been seen as a reputable source, particularly by those who work in the industry. They regularly put out misinformation, to suit their narrative. Here's another example:
https://forecourttrader.co.uk/latest-news/pra-brands-rac-deeply-irresponsible-following-over-priced-fuel-accusations/683893.article?utm_source=Latest%20News%20(Forecourt%20Trader)&utm_medium=email&utm_campaign=04-Oct-2023&cid=DM1099250&bid=218983471
Hold for gold
Some institutional change of holdings by the looks of things
Most hedge more than 60%, more like 75-80%.
No, the balance isn't a spot price. It will be whatever pricing mechanism they agree with the fuel supplier.
For clarity, I am not saying it is not important but it is not a material factor which will significantly impact the SP or underlying performance. The company will budget for the fuel price at a certain level anyway, which will be reflected in ticket prices. Ticket prices can be adjusted in real time to reflect any movements in jet fuel price, if required.
I doubt the compensation figure will be released publicly, as Pratt and Whitney will want it subject to an NDA. However, it will be hidden in the small print of accounts. I expect Wizz will be suitably compensated and the market adverse reaction to this news is unwarranted.
There are other engine manufacturers out there. Rolls Royce pulled back from the narrow body market (imo a bad decision). GE and CFM very prominent.
Gavster, I’m not on ADVFN, would you be able to share the details posted?
Hart was a disgrace, and was ousted for a reason. Don’t get me on about Bonomo. However you’re right that it’s clear the dividend was misguided in hindsight
Reassuring Investor Meet. Shouldn't need a cash raise as things stand. They are clearing the decks and all the bad news out the way, re-focusing on the future. Hydrogen will come back in fashion again and the SP here moves very quickly so I will hold for the good times. I see this as the low ebb