Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
I cannot see why that wouldn’t be a possibility... though it does sound very much like EQT choose the projects that they know they can deliver on rather than having to chase business. If it would work I am sure they would be on it.
I very much welcome constructive comment; and the dear old market will tell us soon whether you or the herd (myself included) are right about a placement and pullback.
I do think the very minor pullback is over, similar occurrence last week, because despite the technical ‘overbought ‘ signals the reality is in comparison to a large number of companies (most loss making and many without good evidence of a working example).
PHE, ITM, IES, VLS . Those with mcap £80mil or so typically no installed plant, at least ITM at a billion has working electrolysers.
OT
No BMN, feel a bit burnt by the Vanadium space to be honest, keeping an eye because I always believed in the tech, need to be convinced of the economic argument.
I think the one thing the current situation has guaranteed is that subsidies for emerging tech will go... Here there is a reported 12% return PA without subsidy in comparison for high single digit returns with solar. Therefore an easy win for virtue signalling councils (and therefore planning).
Just to take the emphasis away from PHE for a tic, have a look at Invinity (IES).
Interesting tech, £1.1mil sales, a reasonable size order to Oxford superhub, diff to know exactly what the loss is due to corporate activity (likely £5mil or so).
Mcap £77mil.
Invinity may be fairly valued, but clearly therefore EQT remains cheap despite recent rises.
Excellent vols; so anyone who wanted to sell today has had a good chance to, and yet still a 20% rise. I am finding it difficult to believe this is just PIs doing all this buying, I wonder about a holdings RNS in the near future.
Off to amuse myself by looking at the size of my pension.
Take some profits and sleep well at night...
I had 385000 shares Ave 14p in ITM and held for a long time through thick and thin (and some pretty appalling management decisions). I sold at a £500mil mcap, where I thought fairly valued, so £1.04 so and I saw what happened there.
I don’t think we are even fairly valued here so continue to hold.
Great post AimforR,
And I quite agree, Palumbo’s skill set is such that he can fund this without dilution now until it becomes the cash cow we can all see it will become. Pay off the debt then or when true value realised and taken over (but not too soon).
Just reading the Arden note...
Interesting stress on the operational warranties that are offered which gives reassurance to equity and debt parties;
And highest operational efficiency from waste to energy tech from commercial company, plants do not need subsidies offering IRR of 12-14%.
In a world of chasing yield with Palumbo’s VC background it seems pretty obvious to me financing will not be difficult.
It was interesting I thought that it was the first thing DP mentioned when asked about progress. Normally the most important thing comes to mind first - an indépendant vindication of the tech by typically rather pedantic folk (underwriters)...
TheAnalyst,
Got into this via PHE/H2 connection but then kept on being compelled to buy despite the current economic situation and my determination to stay in cash as much as I can....
Found myself with 60mil shares 3 months later, you know how it is!