Speno27 Jun 2010 10:42
Mornin !!. Felt a bit daft postin to myself most of yesterday !!! LOL. I first came accross this one a fair while back when RHPS tipped it up, only put in a small amount and its just one of those shares i have let ride and never really messed with. But now i really feel this could be the time for a decent rise so bought some more on Friday. Like you am really pleased they are now concentrating on the Active Energy side of the business (and will rename to this aswell) , altho the US market will be a tough nut to crack they have certainly made a good start with the MOU announced last week. if they can build on that and secure some contracts, well the upside here is huge. One potential downside to the SP is the fact they have mentioned they may come to the market for funds if they go ahead with the US based assembly facility, but as they say, the contacts they now have in the USA will be able to access grants and funding etc as like most governments now, they are readily making money available for projects such as these as they all recongise the need to reduce energy cosumption. Its only going to become more and more of a requirement in the future. With regards to the old part of the business, i would hope that they are now over the worst , they stated in 22nd April statement that that division had produced a creditable trading performance in a very challenging market .. you would hope things will pick up in that arena from now on. So like you, i am really pleased with the recent announcements, the MOU in particular and reckon we are seriously onto a winner here. The US market could be huge and really take this company places. Like they said, they have had a transformational year, and long may it contiunue !!! GL
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