Chas,
It was a gift horse for MMs who scalped that seller and they have made a decent return on the buys since. The house always wins. All we can do is try to take opportunities like this to join them.
Mannan,
At least $1m AUS in backlog deferred orders to fill
New Products brought to market end 2023 start 2024
Added more distribution partners
Fast growing markets
Order book ratio above 1
Market go spooked by the cash position at end 2023 but overlooked the $1m AUS credit facility that has been unused
This quarter should see the company deliver much improved incomes on higher margins.
And so on and so on
At first glance yes it is odd that with so many buys the people controlling the SP are failing to move the SP. I can only think they are expecting to see our deep pocketed seller kick in again later but seems odd for them to be holding the price down after so many buy trades. All very odd indeed but in the grand scheme things it's just an abberation, albeit irritating if they are also not accepting more buys.......cannot understand why
Fwiw I have not seen anything in updates from the company to date to even hint at any concerns on the how the business is developing, in fact I view them as all positive. GST should be entering a very news rich period soon.
And that is why Lars was brought in to focus the business on the commercial requirements to increase distributors, OEMs, Sales team which he has been doing. Sales are improving, margins are improving, large back log of previously deferred orders to deliver. Add to that new products launches and new distribution partners that were only appointed end of 2023.
Hi Tom,
Positive start today, fingers crossed it continues.
Company has access to an agreed $1.5M funding facility if needed in the near term so all that negativity by some was just scare mongering. Shame that the under researched just wet the bed without considering the whole picture but that pretty much reflects what happened when the previous court case verdict was announced. Far too many short termers on any AIM shares these days looking to trade their way to quick profits and then hitting the sell button when they don't materialise instantly imo fwiw.
How quickly people forget......
London South East
Oliver Hasler, CEO of PYX Resources, discusses ‘game changing’ FY23 operational results. Watch the full video here.
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CAP-XX Achieves PSW from Continental Automotive
18 Apr 2023 07:00
RNS Number : 5084W
CAP-XX Limited
18 April 2023
18 April 2023
CAP-XX Limited
("CAP-XX" or the "Company")
CAP-XX Achieves PSW from Continental Automotive
Sydney, Australia - April 18, 2023 - CAP-XX Limited (LSE:CPX), the leading manufacturer of ultra-thin prismatic, cylindrical, and Lithium-Ion supercapacitors, announced that Continental Automotive GmbH, a global Tier 1 automotive supplier, has granted the PSW (Part Submission Warrant) to CAP-XX, following the Company's successful completion of Continental's PPAP (Production Part Approval Process). The two companies previously signed a Sourcing Agreement for CAP-XX to supply its DMT220 prismatic supercaps in the volumes needed from 2024 through 2030 for a key Continental automotive program. CAP-XX has now completed the stringent quality audit for this agreement.