Member Info for faz147

so you think there could be further downside? How long would you need to see stability for before a new bottom is formed? Suprised that the recent drop from 6p-5p didn't have any effect on EGX SP, even though it affectively wiped £3.5mill off of EGX value, or more than 10% of EGX market cap. Do you think this could be due to the market starting to realise EGX's true value, and the fact that there is less than 11million shares in public hands? cheers

also see my note on VPHA BB regarding possible US expansion, apparently discussions already started with British Gas, whose parent group Centrica plc is owner of Direct Energy, one of the US' leading integrated energy companies." http://www.investegate.co.uk/Article.aspx?id=200906150700118413T

thanks for the chart info, seems to have found good support at these levels since rising from circa 30p, and VPHA recently dipped to 5p, would you mind looking at the charts for that and givng an update please? Certainly seems like a good portfolio of low-risk proven technologies that could all contribute to revenue growth over the next year and beyond. Could see an update from the trials of VX1 with British Gas Services and Scottish and Southern Energy late this year or early next, and if successful this should give access to 40% of the UK's homes.

the interims made for a positive read, I am more interested in EGX who own 49% of these, but not because I have any problems with VPHA's products or business, purely because EGX looks more undervalued when you take into account its stake in VPHA, its cash of £8m+, and its Genlec and Pnu Power subsidiaries. Definitely think sales of VPhase product will take off if the household field trials currently ongoing with its UK utility partners, Scottish & Southern Energy and British Gas, are successful. Commercial sales were initiated in June of this year when VPhase recieved CE Certification, and I quote "VPhase has started a programme to introduce the units to other geographical markets such as mainland Europe and the US. It has begun discussions regarding routes to the US market with British Gas, whose parent group Centrica plc is owner of Direct Energy, one of the US' leading integrated energy companies." http://www.investegate.co.uk/Article.aspx?id=200906150700118413T

Not ramping EGX as I don’t hold any shares but I have been researching since I saw Bob’s post and I am happy to hear positives and negatives, certainly worth DYOR and posting any thoughts on EGX BB. I apologise again for being off-topic to PVCS, but some may be as interested as me, considering a market cap of £30 million, but revenue was only £0.12million for the 6 months to 30th June 2009, compared to £0.03 for the same period in 2008, however I believe the main reasons are outlined below under Operational Highlights in the Interim’s http://www.energetixgroup.com/group/files/investors/results/2009/Energetix%20Group%20IFRS%20Interim%20Financial%20Statements%20FINAL.pdf

Certainly, all three of Energetix’s subsidiaries are still at an early stage of commercialisation and there is always the prospect that none of these businesses becomes a success in the long term. But investors looking to benefit from a growing focus on energy efficiency by utilities and consumers might see the discrepancy between the respective valuations of Energetix and its 49%-owned subsidiary VPhase as a tantalising opportunity.” Also, as of 28th August 2009, EGX had only 55,155,008 shares in issue http://online.hemscottir.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&publicationGroup=RNS&item=240859618481882&ir_client_id=5778 Of these 55,155,008 shares, according to EGX website 81.039% are not in public hands, meaning there are only approx 10.46million shares for both PI’s and MM’s to trade. http://www.energetixgroup.com/group/html/investors/MajorShareholders.asp

“Energetix’s other two businesses are Genlec and Pnu Power. Genlec has designed a low-cost, wall-hung, micro-CHP (combined heat & power) device for the home. Although it operates like a normal domestic boiler, when it is heating the home, or the home’s hot water supply, it also generates electricity – saving the average homeowner around £200 off their annual electricity bill. Genlec now has six relationships with boiler manufacturers and power utilities, giving it the potential to access all the major European boiler markets. In particular, the company has a product supply agreement with European boiler manufacturer Daalderop that is targeting sales of at least 30,000 Genlec micro-CHP units to the Dutch and Belgium heating markets over the next three years. Pnu Power has developed a new type of battery for uninterruptible power supplies (UPSs), which are used to protect critical systems from interruptions in electricity supply. Its battery works by using compressed air, and the company claims that its performance exceeds that of conventional batteries both in terms of cost and reliability. Pnu Power has already received orders from the South African utility Eskom, P&E Automation in San Diego and Telecom Italia.

Already, VPhase has agreements in place with British Gas Services and Scottish and Southern Energy to trial and commercialise the VX1 device. And in January energy regulator Ofgem gave approval for the trialling of VX1 under the UK government’s Carbon Emissions Reduction Target scheme, so the device will be trialled in a number of Scottish and Southern Energy’s customers’ homes (the cost of the trial is being met by Scottish and Southern).” http://www.proactiveinvestors.co.uk/companies/news/5167/energetix-worth-the-sum-of-its-parts-5167.html# EGX also had cash and cash equivalents of £8.28 million as of 30 June 2009, which is the equivalent of approx 15p per share. http://www.hemscott.com/servlet/HsPublic?context=ir.access&ir_option=RNS_NEWS&publicationGroup=RNS&item=72685883321405&ir_client_id=5778 So cash and VPHA share worth 46.1p per EGX share, meaning its other operations are valued at only 8.4p per share, although IMO the whole company is undervalued, as opposed to just the Genlec and Pnu Power subsidiaries.

Sorry guys that it is off-topic, but BobBobBob's post tipping Vphase intrigued me, as I recognise the potential in this sector for significant growth, and already hold shares in both ACTA and ECV which I expect to see good long-term growth, and also think PVCS has good long-term prospects and I probably would have got in at 70p if I had funds at the time. Anyway back to Vphase, a company called Energetix (EGX) own 49% of Vphase (VPHA), which at VPHA's current SP of 5p values this stake at £17.165million or 31.1p per EGX share. "VPhase exemplifies Energetix’s overall low-risk strategy of focusing on smart, robust technologies rather than “cutting edge” science. Its first product, VX1, is a simple device that uses a straightforward technique to reduce energy consumption in households and small businesses." “The VX1 device exploits the fact that voltages supplied to homes and businesses vary in order to ensure that the electricity distribution network works effectively.” “VX1 works in a similar way to noise-cancelling headphones, creating a small, anti-phase voltage to reduce the incoming voltage to the building to 220V. So, if the incoming voltage is 243V, it applies an opposite voltage of 23V. This means that a household or business can save around 10% of electricity usage just by fitting VX1 to its fuse box.

thanks for that mate, seems like a positive development to me, £2m will allow them to pay off their debt to Fortis Bank and have access to increased working capital, with only a possible 3million shares so dilution would be minimal. Also the remaining cash should help to strengthen VERO's position in negotiating a possible offer, so as long as shareholders approve it, this is good news. We will see :)

http://www.themotorreport.com.au/39926/2009-mercedes-benz-vito-scores-5-star-ancap-rating/ The Vito has been declared the safest commercial vehicle on sale in Australia

http://www.investegate.co.uk/Article.aspx?id=200909290700078047Z If you have some time to read through the Interim Results, the operational review and export potential, as well as the Series hybrid trucks make me very optimistic for this companies future. http://www.investegate.co.uk/Index.aspx?searchtype=3&words=ECV&Go=%3CSPAN+class%3DbuttonLeft%3E%3CSPAN+class%3DbuttonRight%3Esearch%3C%2FSPAN%3E%3C%2FSPAN%3E Also have a browse through the recent articles and see what you make of them, feel free to ask any questions, not sure I will be able to answer but I'm sure someone will

if there was to be a partial investment as opposed to a takeover, would the interested party be privy to EPO's account details, or would it be based on past performance and expectations for future?

thanks for your thoughts yesterday, think I will leave both for now as the only place I can free funds from is PXS, and I have started to look at HZM and VYKE too so need to wait for funds to hopefully appear then make decisions! Certainly some money to be made but nothing that I could bank on making me more than my tomatoes, :) well done for getting in VYKE

more taxis that will need replacing then under new legislation, if they were manufactured before 2005, and with ECV already having 25% market share they are in an ideal position to capitalise on this ruling, especially as their main competitor Manganese Bronze is moving its operations to China and seems to be surrendering the London and English market.

seems harsh that we didn't tick up after that buy earlier, but I'm sure it wont be the last! Evening all

what do you guys think of WET vs MTA? IF I could get funds it would probably be one or the other, or more ECV.......lots of choices atm

cheers guys, suprised by the lack of reaction to that buy, hopefull see some good buying this afternoon, loftya31 do you hold any of these?

hows level 2 looking after that beauty of a buy? Where is support and resistance? Thinking about topping up, cheers mate

good day today, need to go out before my eyes turn screen shaped! Have a great evening everyone