Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
This is excellent news. Could BMN put this sort of transformative news in an RNS so that investors don’t need to join the dots? Make it clear and obvious so that the market has no option but to price it in.
Pdub - ‘the traders will have a bit of fun and then life will return to normal’. That’s exactly the problem - ‘normal’ for this share is to be chronically undervalued with the bare minimum of communication from Fortune et al. And this is what allows the traders to have their fun. The BoD must do better in this respect.
Finally we get the upward momentum that we all knew was coming, and you sell just as it gets started. Each to their own I guess. My expectations for the SP are much higher than this, based on rising demand for and profile of VRFB’s, and surging Vanadium prices.
A 69% increase from $5.8 to $9.8, and continuing on an upward trend. In the absence of BE news, this should be a key driver of profits and sp growth, with BE contracts still to be announced. Should be a stellar year for BMN.
@clarkgriswold - no need to be so combative, this should be a collaborative board. I was simply pointing out that as investors we are rarely informed of any company progress. BE for example has been unbelievably quiet. The sp has been subdued and suppressed for such a long time, and very little in the way of comms to explain or influence it.
Ark invest name energy storage as one of 5 innovation strategies that has seen unexpectedly high growth rates and has recently hit the escape velocity that will result in exponential growth trajectories during the next five to ten years.
https://twitter.com/arkinvest/status/1395857635824517120?s=21
I’m sure that this is planned in due course, it’s just a matter of when it happens hopefully. I would’ve preferred to have seen the sale of our non-green assets rather than reducing our stake in Invinity to fund our required investment this year, particularly given that we have been talking about this topic for a number of years now. Something else for the BoD to provide an update on as and when they deem appropriate.
It feels as though we’re getting to the stage where the company need to respond to the disconnect between market conditions and the share price, just as they did in 2019. A quick RNS would resolve this situation, and I would expect to see the BoD taking steps to protect their investors.
How refreshing to see IES release information about contracts that they have won, and the value of those contracts. The IES share price seems to be over 7% up based on this news.
I understand that it is not always possible to share this type of information, but wouldn’t it be great if BMN released timely news to inform their investors of any significant contract wins as and when they happen. Sometimes it feels like we need a team of detectives (e.g. BBN) to try and figure out what’s going on at BMN.
Alfa - yes, agree that there are different approaches and benefits to both. A lot of businesses and shareholders put value on consistent & regular income. Any lump sum would probably need to be recognised over the life of the contract, and a third party finance company would likely require a fee as they are effectively providing a loan. If BMN wanted funding to expand the business then there are plenty of options that could be considered. Let’s wait and see what Fortune goes for.
I too trust in FM, and am inclined to agree that we should just let him get on with the job in hand. But I have this nagging doubt in the back of my mind... what if the SP is never ‘allowed’ by the MM’s to reach anything close to fair value? Why should the MM’s ever let it happen? There has already been so much in the way of good news, growth of the business, strong revenue and good profits - why should any further news have a significant positive impact on the SP when it hasn’t yet happened? My point is not to talk this share down, but to wonder what we can do to affect this. It’s not a level playing field. People say we need Corporate investors, and yet none of the long term PI’s on this BB would sell nor would they encourage anyone else to sell. Dividends might do the trick, but aren’t likely to happen for some time and we would all prefer Fortune to reinvest and continue to grow the business. We could win 50% of the Eskom tender but why should the MM’s change their stance even then? They can seemingly do whatever they want, the FCA are powerless / oblivious / ignorant / corrupt. Is there anything PI’s can do? Lobby the board, brokers, MM’s?? The BMN board’s main stakeholder should be the shareholders, and if shareholders are not getting a fair return then that should be addressed as a priority.
Is it possible that PI’s could group together to have the same level of influence as Corporate investors? A PI representative at AGM’s for example? No idea if this is at all feasible (probably not), just thinking out loud and wondering how we can influence the situation. An open letter to Fortune from all PI’s on this board?