The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The overhang should clear by next week imo
The reason we can pick up stock at these dirt cheap levels , it won’t last imo
Anything over 300m traded tomorrow we will see a good move north begin.
Over 400m shares traded today so Cooley could be at 20%+ in May and that would take us to over 1p = a 12 bagger . So a multi bag on the cards if Cooley gets serious .
2,908,226,437 shares in issue @0.088p ~ £2.5m
Hugely undervalued...
DYOR
DDx
Https://www.investegate.co.uk/announcement/rns/cap-xx-limited--cpx/trading-update/8177434
Will push up very soon
BUY NOW it’s going to blow imo
Now let’s make this investment special
RNS Number : 3875N
CAP-XX Limited
07 May 2024
Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
7 May 2024
CAP-XX Limited
("CAP-XX" or the "Company")
Trading update
CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, provides the following update.
Following the successful completion of the recent fundraise, the Board is pleased to announce that current trading on existing products remains strong, in line with management forecasts, and trial shipments of pre-samples of new product have recently commenced. Bookings and billings are 14% and 56% ahead respectively for the year to date compared to the comparative period in 2023, along with a current book to bill ratio of 1.12. The order backlog remains strong at close to US$1 million.
As previously stated, the proceeds from the fundraise are being used to improve the Company's financial position and provide working capital for investment. Key areas for investment include the continued expansion of the sales representative and distribution network, and working capital for the market introduction of the new DMH and SMD products. The vast bulk of the development costs of the latter has already been incurred, although some final commissioning of the DMH production line remains. An initial pre-series batch of fully functional DMH product is currently under lab evaluation and SMD testing remains on track. In addition, the Company expects to announce further patents during the next three months.
The Board considers that, apart from the final settlement of legal costs associated with the Maxwell/Tesla litigation, which it does not consider material, the only remaining payments for legal costs will be normal ongoing corporate legal expenses, including, for example, those associated with applications for patents.
In addition, the Company has implemented a comprehensive cost reduction program, which has delivered annualised operating cost savings in excess of US$0.5 million, and is expected to ensure that CAP-XX successfully overcomes its recent challenging phase.
The target for breakeven remains in the 2026 calendar year, assuming billings maintain their current growth trend. This is being supported by the recent investment in CAP-XX's international direct sales and marketing, the expansion of the distributor network, together with design wins and billings from our new product families, DMH and SMD, which will contribute in 2025 and 2026 respectively.
Following the conclusion of the financial year ending 30 June 2024, CAP-XX intends to provide a comprehensive update to investors on products and markets and corporate strategy at a Capital Markets seminar, which will be hosted on-line, details of which will be issued in due course.
Lars Stegmann, Chief Executive of CAP-XX,
Come out next week and our investment flys with the nautical deals for example
Serious stake building here by DC here . Getting interesting as they’ve got cash new people and some serious products imo
ENET on there move
GET IN IMO
Hang on aim no BS from moi
Listen to Mickey 11.13am
Surely guys
It’s making money and growing expotaniously
U are on a winner
more patience though
Guys this is a monster
Our General Meeting was a success 🎉
All the resolutions put to shareholders in last week's meeting were duly passed.
CAP-XX Limited has applied to the London Stock Exchange for 2,084,183,230 new Ordinary Shares to be admitted to trading on AIM. This is related to the Placing, Subscription, and Retail Offer. Admission is expected to become effective at 8:00 a.m. BST on April 25, 2024.
After Admission, the total number of Ordinary Shares and voting rights in CAP-XX Limited will be 2,908,226,437.
We've also welcomed two new members to the CAP-XX Limited team. Keith Siu who is our new Senior Financial Controller and Joanna Morbey (Jo Jo Morbey) our new Company Secretary.
We'll be sharing more information about both new team members soon so follow us to make sure you don't miss it!