Member Info for DD77

Have sold out but still keep an eye on this, as hoped it would come good. It appears in a bit of a death spiral, with an expectation that further cash will be required. The question is how low can the SP go? Confidence appears shot in the leadership team to actually deliver anything material

I thought the business model meant no further raises would be required? How have we gone so far off track to face such a heavy and increasing loss. Trust and credibility shot to pieces

It's nothing like Surface Transforms. This is a mature established business, which is backed off with a key contract from GKN. It is unfortunately just run like a family business and they are incapable of growing the business beyond it's current horizons.

Yep, I'm exiting. Always someone elses fault, and always jam tomorrow. The issues lie closer to home

Yes I was expecting more. I think we’ll see a further pullback today, especially in the absence of any takeover bids

Mid October is this week, so we should be seeing accounts released and suspension lifting by Friday

Thanks for the feedback and always nice to see a balance of views.

Positives are that finance is now in place / should not be an issue for future projects and the building blocks are being put in place to create a significant global player in the market.

The flip side is the absence of clear revenue path. They are heavily dependent upon government policy and initiatives to realise this. This is a clear risk, but if you believe in the requirement for battery technology to balance out variable renewable energy generation then it's an acceptable risk. They also have a lot of live opportunities in different territories which further de-risks it. A continual hold for me, the SP could easily double from here in the next 12 months with a few major contract announcements.

Oddly, I didn't receive a notification from my usual provider for this RNS. I wonder if others missed it?

Alas, it hasn't moved the needle of the SP, but is still a welcome move in the right direction. More needed please

Did anyone listen? Any snippets?

Welcome news but not really ‘new business’ is it when it replaces contracts with other customers that are coming to their natural end. It will support the SP but won’t give it the lift we’re looking for. Still no new business from our US facility which was meant to open doors to all sorts of opportunities

Sold less than £400k in the past 6 months? That's a huge reduction in activity.

No because the prior year they were losing money on Launch operations

450k more exercised in September. Another £90k in the bank. Can’t be many more warrants outstanding now

This is matched funding. Where is the other half going to be raised from? The IPO?

I have a 30p average, long written off. Would be great if this could rise to double figures and I could recoup some losses

Anyone watch this today? Any worthwhile takeaways or just the usual tosh?

Presentation will be available on the investor meet platform to view. I didn’t watch because it’s just rinse and repeat with this lot. Nothing will be gained from the presentation, the only thing that will move the needle here is signed commercial deals

Yeah Smart, I'm sure there's much more to it. We've only ever heard John's side of the story, so who knows what actually happened. We all know John can be a bit difficult to deal with on a commercial level

Bradders - I’m a very LTH (c. 15yrs) and share your frustration. I sliced a load when it went up to 12p but should’ve sold the lot!

I’ve effectively put this in the bottom drawer the past couple of years and rarely check in on this bb, in spite of some useful insights posted. My own personal view is this will come good over the next 3-5 years. Confidence took a severe hit when we walked away from our biggest client, after years of John telling everyone that the customer base was sticky and we’d see compound growth year on year. It takes time to regain that trust and prove the company is on the right path. I believe they are part of the way there, probably 12-18 months from actually delivering that. The market will want to see self sustainability and that they can generate profit from this (that was the reason for walking away from the biggest client after all!)

So there could be opportunity to make better returns in the nearer term but this share is very tightly held and when it moves it tends to do so considerably and therefore you do risk missing out on a steep rise. ATB with whatever you choose

Well Philip Milton seem to think so too, they're obviously confident!