Member Info for Feeks

The oak bloke fella seems to read across utilised to "fully" utilised" when referring to Sunderland. It is guesswork to make that leap BUT it is plain that Ayro (by its own PR) is ramping up into from LRIP to FRP pretty soon. They say the transformation will occur over the next few months:

https://ir.ayro.com/news-events/press-releases/detail/117/ayro-announces-third-quarter-2023-financial-results-and

"As 2023 draws to a close, we maintain our focus on continuing to manufacture additional AYRO Vanish units under our LRIP program. We expect our manufacturing team to continue to gain efficiencies in the assembly process along the way, which will prove pivotal as we look to transition from LRIP to full production over the next few months."

According to SED new, meanwhile, the initial 3,000 unit contract takes us to Q4 (Oct-Dec) 2024 - lower

https://www.lse.co.uk/rns/SED/us-manufacturer-places-order-for-3000-edrives-k15q81r95qbno2u.html

Agricore -

"The fact that SED did NOT include a going concern statement in its interim is significant. This means there's one or more offer on the table. There must be - otherwise they couldn't have made that statement. So when Stockopedia say:"

The Going Concern statement does seem to be reassuringly positive and you might well be right on this but I don't think its the only explantiom of matters.

SED wants more funding but it doesn't need that funding to survive as a going cocern for the next 12 months. SED is looking to accerate its growth plans due to the sheer size of tbe orders and scale of current opportunities. Scale back those ambitions and it can just carry on normal business operations for longer, which may mean focussing more on ramp up of sales on the Ayro business and AFT product for India.

The market seems to be judging the next funding round as a bid for SED's survival when it isn't that at all.

.

Pressed send too early...

1) Mention of Pepsi co and miscrosalt tie up (speculative viewpoint only)

2) Large bulk order for microsalt

What's the RNS source for this, or otherwise the rationale?

Larg ordder

My finger must be well and truly off the pulse here, if I am reading it right.

Mention of

A bit more on that fleet deal - we are told its a Fortune 100 retailer - https://finance.yahoo.com/news/ayro-receives-40-unit-fleet-134500770.html

Couple more good looking snippets. Large scale production early next year -

https://www.fastcompany.com/90969921/this-tiny-electric-truck-can-fit-through-double-doors-but-still-carries-1200-pounds

Ayro plans to transition to full-scale production by the end of 2023 and the first quarter of 2024 -

https://www.claytoncountyregister.com/news2/ayro-inc-nasdaqayro-q3-2023-earnings-call-transcript/803067/#gsc.tab=0

And finally -

https://finance.yahoo.com/news/ayro-featured-viewpoint-series-dennis-144500027.html

https://finance.yahoo.com/news/ayro-completes-test-drive-event-123500370.html

Don't suppose that worked out for me very well then!! Sometimes you can just sense the incoming news

£3.6m cash burn pa on Chatty's numbers.

It is very unlikely a further fundraise, if required would be anything other than extremely dilutative (lower than current SP)

RNS sounds ominous.....

"... focusing on achieving EBITDA and cash break even within two years."

Their words not mine. It's a case of whether these small repeat contracts are enough to keep the lights on for now. IMO they won't be enough to sustain the business and so the drag caused by funding worries won't be sufficiently abated for some time to come. In this market any find raise will be very painful. In the past I would just dive in with two feet and hope to get lucky but right now there are so many small cap companies ready to bounce in 2024 the name of the game is to preserve your capital. I would maybe consider a small stake in the hope of the board landing a big licensing deal.

Why has there never been any talk of Nanoco buying another business?

They are focusing on achieving EBITDA and cash break even within two years. There is plenty of potential upside but not without a good deal of risk. It is a gamble on whether they can generate enough revenue to avoid another fundraise.

Eden's latest presentation referred to the addressable markets for the seed repellent at euros 40m euros EU/UK (current) and 95m (future), plus future US @ 240m. Does anyone have a good idea of what is meant by the "future"? I am guessing that in the EU/UK it coincides with total phase out of the banned chemicals in next 3 growing seasons. Thoughts?

BTW - anyone know how to use ADVFN properly. I signed up but I find it impossible to use as I get almost constant ads popping up which redirect me away from the chat board (perhaps a reflection of the quality of my output....!?). It doesn't work through Ghostery which I use for this site without any issues with ads.

"Since the completion of the refinancing, we are encouraged to have added 128 new leads to a growing pool of opportunities which gives management confidence that significant orders [MORE THAN ONE SIGNIFICANT ORDER or AT LEAST ONE SIGNIFICANT ORDER] will be signed before the 2023 calendar year end."

IMO they have fulfilled the RNS condition / expectation with the recent news of ONE order. If they definitely meant multiple orders by year end then would they not have expressed it a bit differently - see my square brackets above as an alternative?

Nice early approval for once, now let's see some sales

I don't think they will be able to raise any more cash to keep the business afloat.

Am I the only one that received an odd unsolicited email contact from a mysterious investor (based in OZ) who claimed he was somehow connected to the company and knew that big deals were afoot....? That was maybe 2 years ago. Those deals never came of course - surprise surprise!

Then there were a few RNS "deals" that were not concluded, but not before a massive spike in the SP, and huge pumping operation on this stock. Who remembers the used-car salesman sort of guy in the promo video who used the phrase 'secret sauce'?

The past history really does deserve close inspection.

d roger I was uneas when you receive

No LordWM I see little upside as we are shortly about to break out into a Bull market in small caps (AIM is now nearly at that point) so investors may come to regret tying up money in a zero interest bank account - which is what NANO represents for the forseeable future - when they see the massive gains being made elsewhere. There are so many opportunities to make multiples on other solid growth stocks with better fundamentals so my advice would be don't tie up too much capital here and miss out the ride after what has been a long two year bear market.

Https://www.thegrocer.co.uk/healthcare-beauty-and-baby/ellas-kitchen-pledges-to-make-75-of-babyfood-pouches-recyclable/680181.article

Obvious synergies here with Ella's proposed switch to monomaterial polypropylene pouches. Not the product anounced for trial in Q1 2024 (juice cartons) but it could be on the horizon. Thoughts?

Https://www.foodonline.com/doc/quantum-dot-leader-unveils-ubigro-cover-to-enhance-greenhouse-productivity-0001

"With the introduction of UbiGro Cover, traction in big solar, and the Nobel Prize, quantum dots are having a great year," added Hunter McDaniel, UbiQD CEO. "These novel materials are graduating from the early beachhead markets, such as display, and catching their stride by making positive advancements in food and energy. It's exciting to see nanomaterials innovation translate into tangible products."

I saw Justin Waite talking about this on his recent podcast. My simple takeaway is that funding concerns are a drag on the SP but with plenty of positive upside when this fear has been resolved. I don't know much else but will research it. Watching with intereat for now.

In the automated vehicle market / EV space there are regulatory requirements for remote monitoring and control centres - for example, see Guident - https://guident.co/

So I was just wondering if MASS might assist SRT's business.