lemmink28 Apr 2014 10:22
Apologies for tardy response - I've been away for two weeks over Easter.
The boiler is revolutionary in that it will generate 50% of a household electricity needs while heating the house and domestic hot water in a much more ecologically efficient way than a power station and pylon distribution. The green aspect of this is politically welcome and to be rewarded? The proposed method of making the boiler free to the user (who pays only for the installation expense) will be attractive to cash strapped householders who will get an 'A' rated boiler and, after 5 years, a substantial reduction in their electricity bills. It looks like a no-brainer for anyone who has to replace an ageing, inefficient gas boiler. Flow have comprehensively patented the boiler and the potential market is huge throughout Europe and North America. The compressed air emergency power plants that Flow make are also innovative and should be a nice little earner going forward. As a 'provider' of gas and electricity in a market that is fed up with the 'big six', Flow has another nice little earner on a fairly constant basis so long as they keep themselves at or close to being the cheapest dual fuel provider. So, earnings should grow very rapidly from now on in my opinion and the shares are still relatively cheap looking forward a year or two.
As to CAD, I became interested when an old friend of mine, joined as CEO to clean up the fraud and make the business work. He is a bright geologist and oil industry expert and was on the right track to sorting things out when he was beaten up in Kiev and then forced out by the local mafia. Since then the company has been pillaged again and the shares are back to rock bottom. The political problems in the Ukraine of course don't help the share price but give good cover to the mafia who seem to have reduced the free floating shares to a tiny minority somehow. Its hard to say what the cash backing is as current management don't say more that they absolutely have to about anything. I have written my holding off but at this price there is no point in selling them - a miracle could happen in the next 10 years! We should wish each other good luck!