Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Warren - absolutely agree with you!
At last some news with meat on the bone and not simply jam tomorrow!
From the latest RNS it would seem that revenues streams are gaining rapid momentum all on their own.
With the cash pile at year end standing @ $10m compared with $10.9m at June 2023, the accelerated growth of revenue over the second half-year would suggest that we are close to break-even at the beginning of 2024.
The current market cap gives little, or no recognition to the potential value from new products in the pipe line.
Compared with some insane values accredited to other innovative eco-companies, ITX now looks undervalued.
IMHO, had the share consolidation not taken place. the SP would now be around the 8p mark (400pence in new money)
DYOR & GLA
Smart - I agree completely with you on this.
I have said it before on a number of occasions - this company is run like a family business with no regard for its public shareholders.
There is no concern for keeping to timelines and certainly no interest in making a profit - this state will continue whilst institutions are prepared to keep on putting in money on the promise of jam tomorrow.
As I say, the Board has little concept on how to keep shareholders informed on a regular basis.
It has NEVER intimated any likelihood of any level of profitability being achieved - not even a clue as to when this momentous milestone may happen.
They constantly give out forecasts on future level of revenues (we have them for yr24 & yr25), but on earrings? - they hide behind the ridiculous and meaningless trope "earnings will be in line with market expectations" - what does that gibberish mean?
Does any LTH here know what "the market" actually expects - I've searched but found nothing!
I suspect like you Smart, I remain invested here because I truly believe in the product - but patience with this Board is beginning to wear a bit thin....
As you say, in this bull market, you could stick pin a host of other 'eco' stocks and do better....
GLA
Tell us 2Good - are Pot, Kettle and Black your latest three investment recommendations ?
If so, I wouldn’t consider any of them for a NANO second!
GLA
Bumble, I think the real worry here is that 2Good is also lauding his professional advice on his fellow shareholders @ NANO, where its SP has spectacularly crashed from 55p to 19p in just over a year!
He sure knows how to to pick 'em.
Lottery numbers for this week, 2Good? ha, ha!
Nice one Bill! I don’t think I need to listen to someone who’s invested in KZG and seen their SP plummet from 2.5p to 0.5p in under 3 years.
Now that’s what I call almost bust.
No dead cat there even trying to attempt to bounce.
GLA
Bumble - BillB isn’t holding any TLY. He can’t even hold his breath. Just look at some of the other BBs on which he makes banal comments .
Onwards and upwards .
2Good - got it wrong, as always.
Yes, regrettably, there will always be fat cats milking the system, but the ever-lengthening waiting lists won't come down whilst doctors ask for pie-in-the- sky, unaffordable pay increases.
This is all politically motivated and they want to bring the NHS to its knees.
That's what the public will take a long time to forgive, if ever!
So on TLY specifically, pray tell us, which of their employees are the fat cats here?
The company will be judged on the services it provides to the NHS.
If the NHS could have done TLY's job itself, it would have done so years ago....
GLA
PS: NANO up again today, 2Good!
A priceless quote from yesteryear:
"Regardless of the hole the current Board has dug themselves what are readers expectations? I'm now think post dividend payment 10p to 12p, the share price will go as low as 3p. "
Oh, did I forget to mention - this was a prediction from our mischievous friend TwoGood in July 2023 on a company called NANO.
And by the way, NANO's SP was 18p at that time - today's its SP is sitting pretty @ 20p.
Got this week's winning lottery ticket numbers, TwoGood....?
2good - do your sums - he's invested £100k over the past two months - I reckon that's a sign of confidence and leadership. I doubt if you have one penny invested here!
Only you could focus on the latest purchase implying it was a 'one-off'.
The more you troll here, the more people see you haven't a clue on this BB! Move on, or move out!
GLA
TwoGood speculating out of his wrong end, as usual.
CFO has gone (or pushed out) after being at the helm during a period where cash pile has diminished substantially and SP has crashed spectacularly. Why would investors be sorry to see a change in financial leadership?
I'd say it is a plus and Simon Sitwell has decided to show confidence by leading from the front - IMHO.
Cashking - the rantings of the ill-informed and mischievous!
Just check other BBs, where this name has made contributions......
Troajan - good find on Proactive, thanx.
JS explains the recent Directors' small buys - makes total sense. He also addressed the ridiculous divergence between the current SP and Directors' assessment of ITX's true potential value.
Some comfort for LTHs.
A Healthy and Prosperous and Peaceful 2024 to all on this BB.
IWantThatOne - you have it wrong here!
Read MorningStar article on Labour's ill-judged scheme:
"Reducing waiting times through funding additional overtime, as Streeting proposes, is an uncertain strategy which could exacerbate staffing problems.
Many doctors and nurses report hospitals struggling to maintain safe staffing levels on weekdays. Given that, looking to extra weekend shifts to address an operations backlog is hardly a sustainable solution.
Doctors and nurses already work weekends. Normalising weekend work for routine rather than urgent care is anti-social, further disrupting work-life balance in a sector where most will be giving up a large number of weekends already — something of particular concern to staff with families and likely in practice to hit female workers hardest.
Cash-strapped hospital trusts, juggling costs from PFI debt to medicines, may seek to normalise weekend working as an expectation rather than pay overtime premiums.
And the NHS, with its 100,000-plus staffing vacancies, has a limited pool to draw overtime labour from. Had Labour spent more time listening to the voices of doctors, nurses and paramedics on picket lines this year rather than ordering MPs not to attend them, it would have clocked concerns about burnout alongside those about pay: health workers terrified of making mistakes because they are working while exhausted and hungry, unable to take breaks because there are too many patients and too few staff.
More overtime can only worsen the problem of overwork, while an expectation of more weekend work could hit recruitment targets. And when it comes to making the NHS an attractive place to work, Labour’s plans still fall short."
I'm a longterm shareholder and have criticised the Board over many years for its lack of understanding as how to run a listed UK company.
I grant you that AIM is only a junior market and the SP can fluctuate on minimal dealings, but the main problem this time around was when the directors 'topped up' their respective shareholdings with minuscule additions.
Frankly it was pathetic for them to buy a couple of thousand shares in October 23. What was the point and what were they trying to convey to shareholders?
Such paltry additions to their existing and in some cases, substantial holdings, hardly gives us PIs the impression that they are buying because the SP is now outrageously cheap.
If they had thought so, they would have "filled their boots" with more stock, as it came onto the market.
And our brokers don't appear to have enough confidence in TLY to recommend their clients to invest here. It wouldn't take many of them to buy and stabilise the SP.
I agree with the comments already made, that the timing of this latest RNS was bizarre in the extreme - couldn't see the point of it and seems to have done more harm than good.
And presumably this was all done having first discussed it with the Company's brokers.
Having personally served on the Board of a UK listed company, it gives me no pleasure stating that this Board appears to be out of its depth, when trying to keep shareholders informed and to remain invested here.
No new contracts have been announced for some time and nothing exciting seems to be on the cards in the short term - just more of the same boring irregular meaningless announcements,
Regrettably, this latest and unexpected RNS has resulted in small sell-offs, which have themselves triggered disproportionate falls in the SP from disenchanted investors.
My suggestion to the Board: - Run it like you really care about your shareholders, or sell out for a decent value.
GLA
TG2D - Thanks for your advice over these past weeks, but I think I'll stick with Mr Buffet's.....
"
If past history was all there was to the game, the richest people would be librarians.
"
GLA
TG2D - You can postulate as much as you like about why Sneller sold out, but as always with you, it is pure speculation.
On what basis is he an 'insider'? He sees the same presentations as the rest of us and I doubt that the Board gives him any privileged information.
Frankly, he could have taken a (costly) opportunity to crystallise losses to offset a potential CGT liability on something else. There you go, I'm speculating now!
Just move on....(to another BB, hopefully??).
TG2D - Hmm! See you've only been around here since July 2023. Also note you post about ANG, where share price down in 18 months (from 150p to 13p). Lost money there, too? Ouch!
GLA
I'll give TG2D his / her due. Has done a great job in talking down TLY over recent weeks.
I've seen the recent presentation and unless the Board is lying through its teeth (and I don't think that for one second), shareholders are told that the second half year (which is already one third of the way through) will show positive cash flow - I take that to be a sign of a return to profitability. TLY also has an untapped 2.5m bank facility and we are assured there is no intention of calling on shareholders for funds - I take that as being within the next 12 months.
Slow take up of NHS tenders appears to be due to lack of money in many NHS trusts leading to the NHS slowly falling apart. No political party will be allowed to let the NHS slide into oblivion - a combination of public finds and private sector money is the only rational answer.
I repeat the wise words of investment guru, Warren Buffett: "Price is what you pay, value is what you get".
Company still paid out a final dividend of £250,000 in October AFTER knowing the half year results to 30 September 23.
If they were considering a potential rights issue, the Board could have conserved cash by cancelling the dividend, but they did not.
Perhaps TLY's Board know a little bit more about the company's short term prospects, which may be somewhat rosier than the miserable soothsayers on this BB are predicting?
No point in speculating, just ask the question at tomorrow's presentation.
GLA
Not 'totally' convinced (forgive the pun) that all these recent buys are necessarily closing out short positions.
If last year is anything to go by, interim results are due on 14 November - so, next Tuesday....?
GLA