PYX Resources: Achieving volume and diversification milestones. Watch the video here.
BP acquired a company providing charging mechanisms for EVs
Allegedly because EVs are heavier they require more breaking power, and brake pad dust is a more prevalent air borne material.
Argentine Navy ship caught sneaking around the FI territorial waters by Royal Navy Frigate. It had turned its transponder off, and steamed on a new course which caught their attention. Royal Navy went to intercept, and the Argentine vessel turned its transponder back on and changed course.
RN thought with its deep water detection equipment the Argie vessel was having a sneaky look at Oil reserves of the area.
Among the first cars ever developed were electrically powered.
So it has only taken over 100 years to get the technology developed and to be economic, and efficient, and it might argued they are still trying. However, there is no doubting there is more focus and investment than ever, but I suspect the polluting effects of batteries will be queried at some point.
Hydrogen seems a more logically clean source of energy, but it has it challenges also
Generally higher prices were considered a boon for the future (apart from politicians like Trump who want to keep the voting base happy) because higher prices encourage efficiency initiatives. Lower prices in theory increases demand, as people and industries take a short term view of usage. It might be that in the rear view mirror the era of $100+ oil prices actually encouraged the growth/investment in electric vehicles?
This business of estimating Peak Oil has been a mugs game for quite a while. That being said growth in demand of previously third world countries like China and India will surely grow for the near term. It is noticeable how Chinese cities are being choked by cars. I occasionally visit China, and the place in which I live when I am there had an underground car park, but now that is full, and lots of additional cars park around the periphery of the property. This shows how there are many more cars per household. Yes, China is making a big investment in electric vehicles, but it has a long way to go. In India this car trend will also grow as wealth increases.
Certainly the reduction by the Big Oil producers in investing in virgin fields will be another part of the supply equation that you can't help feel will support oil prices medium term, along with all the other unpredictable international factors.
Seadoc
Yes, sorry, meant CFO. Agree a sad loss of a talented person.
Poor old IQE, they have had their share of bad luck, and tragedy. Tax issues, currency movements, loss of CEO.
Hopefully they will get through the trough of various unlucky headwinds, and can show the market some staunch top and bottomline improvements.
Not sure I would rely on a Zak Mir forecast for anything.
However, there is an air of exhuberance around the shareprice. 60p seems to be unlikely in the near term. Let's see if it can sustain 40p+ this week without retracing.
Good spot.
Overall I agree the trading statement was strong, reflecting some of the hints in the interims for H2 trading.
The CEO popped up on Stockopedia to respond to the analysis by the resident market commentator.
He seemed a bit miffed at the commentary that whilst the results were good and historically progressive, he wouldn't invest at this with the current valuation (about 25 x earning per share).
Looking through some of the posts the CEO made I was a bit surprised that he thought the company should only be valued by the results, and wouldn't be making any investment in seeking to market them.
In a way I respect this. Too many CEO's spin and lose credibility over time. However, I think there is more room for making their website rather more attractive to private investors by having more explanatory materials of company operations. Let's face it, private investors are the ones who move the shareprice on a regular basis in AIM, not the institutions. Also, the CEO and members of the board have exercised options and sold shares into the market, so its in their interests not to be too stuffy about the approach to investor relations.
All that being said Tracsis seem to be in a good place.
Looking forward to a trading statement next week, if they stick to their normal timescales.
I am hopeful that this year will look stronger than last year, as it was strongly inferred that H2 was looking good.
If so, I would expect the shareprice to test the high £6+ level again.
Disappointed by the recent turn of events. Basically the new CEO has overseen a few profit warnings, and either in taking over the role she either seems to have caught the falling knife, or is not making the best fist of it.
It remains a highly profitable business, but not just as profitable. Morrisons I notice has opened up party sections in their supermarkets, offering party gifts, and all the supermarkets offer cards, so there are consistent competitor pressures, as well as all the other factors.
I got in at two different stages, unfortunately both above 200p. My attraction was the dividend, but it wouldn't be the first time I have been caught by the allure of a highish dividend yield, just as the underling business starts to have problems.
My idea was that these mainly reside in my ISA with dividend reinvestment. This slightly helps with the tanked shareprice inasmuch as new shares are bought at the lower price marginally reducing my average cost of purchase, whilst increasing the compounding effect of having an increased number of shares -hopefully for when the next dividend comes around.
The only thing is to wonder when the cycle will favour CARD again, enough to claw back some of the capital element. They are not exactly in a position to raise the prices of their cards. I will stay with the original plan for a while yet.
Good finds FalklandInvestor & Rpoodle<br /><br />Looks like the funding packages might be coming together, a mixture of services company financing and credit finance from UK Govt agency.<br /><br />I suspect they may need to sanction project this in the near term, presumably because some of the underlying LOI's with certain service investors won't holder their pricing structures beyond a certain window, whilst the oil market slowly comes back to life at these oil price levels?
Good finds FalklandInvestor & Rpoodle<br /><br />Looks like the funding packages might be coming together, a mixture of services company financing and credit finance from UK Govt agency.<br /><br />I suspect they may need to sanction project this in the near term, presumably because some of the underlying LOI's with certain service investors won't holder their pricing structures beyond a certain window, whilst the oil market slowly comes back to life at these oil price levels?