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The whole of the market is terrible out there and not just this sector. IES has it's own problems which we all know are down to lack of orders basically and all that stems from that.
Covid lockdown was disastrous for much of the world and Putin is not helping. I can't see things getting much better in the near future but 2 or 3 orders would help right now.
The Government is getting out of the way of O&G producers and speeding up license applications to encourage more NS output. The problem is that it takes nearly 5 years to get the oil in to a tanker from the outset. Would it be feasible to quickly drill another well at Lancaster to take advantage of the high prices and benign political environment?
I'm really surprised, I know I shouldn't be, that the SP has not been helped more by the big change in attitude towards oil and gas in the investment community and Government. Only today the Government announced a big turn around in allowing fracking to go ahead and license applications in the NS to be looked upon with more favour. The political environment for HUR has rarely been better and should make going forward with a new well etc that much more attractive.
If that's Fidelity again then they are obviously building a position in a sector they have identified as having growth potential. These institutions don't do that on a whim. It will be after a fair amount of research and interviewing Larry etc and other CEOs.
Gives PIs confidence but we still need those orders.
Anybody seen a podcast of the AGM yet? I can't find one.
There was a lot of fanfare about getting listed in the States but I've been looking at the trades etc and they amount to almost zilch.
https://www.otcmarkets.com/stock/IESVF/quote?utm_source=twitter&utm_medium=Social&utm_term=&utm_content=&utm_campaign=OTCQX+Newly+Trading
The last trade was on 25th August and it was for 525 shares. It's early days yet but it's clearly not the boost for liquidity that was hoped for at the moment.
I take it there will be a video of the AGM or at least a recording in some form. Did anybody go?
I've wondering why, and not a little concerned, that orders have not been forthcoming. Could it be that IES were waiting for Baojia to come on stream to supply in quantity, with perhaps a more competitive price, before they completed any deals. I don't know of any problems with current manufacturing capacity but we have to ask why was this 1.1MW not made and shipped for an order announced in February before.
If IES felt that they had to wait until this facility came on stream before concluding any more orders, then we should hearing about numerous deals in the coming months. Pure speculation on my part but it would be a good point to bring up at the AGM.
Over the years we've all seen single figure and double figures trades. I can't imagine why anybody would buy 6 or 20 shares so I was thinking that they represent something else.
Has anybody with greater knowledge an answer as to why these trades happen? Would appreciate enlightenment.
I had a look at EMEC's site https://www.emec.org.uk/projects/ if anybody's interested.
Certainly a varied package of projects and looks like they have the Scottish Government's ear so funding might not be a problem for them.
What struck me was EMEC's CEO saying that they needed a robust battery that needed to work hard day in day out. It could be why they chose VFBs instead of lithium and that aspect won't be lost on visitors to the site not IES's sales team I hope.
I think we should ignore what is happening over in the USA OTC market at the moment. The spreads are ridiculous and the volumes are small. Yesterday mid session we saw a 50% drop with a subsequent recovery and today there is a 33% drop on 2 small trades.
Maybe one for the future but best to ignore it right now IMHO.
Actually it shows how sparsely the trade the stock is on the OTC Market. Hopefully the volumes will increase but there were only 2 trades up to when I wrote, 2000 and 1500, and the spread must be horrendous over there. I don't know much about that market but atm I doubt that it represents an accurate representation of the American view regardless of my tongue in cheek post earlier.