Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Everything is coming together for CPX now, trouble with results and how people read them is that they are a rear view mirror examination. Was a time when markets used to value companies on their prospects going forwards, now its any excuse MMs can find to smash up a share price just to create some volatiity for their own benefit. People have seen two price crashes in quick succession will clearly be concerned as to why. But understanding whats really happening here shows a very different future CPX from here today's share price suggests.
What is sales order book?
A sales order is a commercial document prepared by a seller and issued to a customer. It confirms the sale of goods or services and details the sale's specifics, including the quantity, pricing, and quality of goods or services provided.
Deffo,
Fwiw I am not giving any value to the appeal as you say we don't know any info yet on if it will be accepted and then what happens. I am only considering the business itself and feels like many of the so called investors we have are far too trigger happy to dump into anything they clearly do not understand here. I doubt if many of the sellers even read the RNS in any detail or have done any real research on recent developments at CPX. That increase in losses was made up of @50% in legal fees and one off costs associated with "unexpected" departure of Kongats + product development costs. Legal fees will not really feature to anything like that value going forwards, KOngats bit is done and dusted and product development has brought in new products to release to clients throughout 2024.
I thuink today price action was first driven by our current seller (especially after bugger buys yesterday) but that triggered the nervous ones in to selling etc etc etc. MMs were far to quick to mark down the shares and then just let it go with sells, all self fulfilling in the end despite decent buying. Classic AIM market which basically sees many soil their beds when they see red numbers.
Plus all the BS being posted about placings, totally misleading imo (debt free, with a 1.5m credit facility on tap if needed).
I could go on but will wait until the dust finally settles on today's action.
CAP-XX (CPX), a company involved in the design and manufacture of thin, flat supercapacitors and energy management systems, announced its interim results for the half-year ended 31 December 2023. CPX said its half-year results reflect resilience in the face of industry challenges in the passive electronic market, achieving +59% growth on product revenue versus H1FY23. Key strategic initiatives, including a new salesforce as well as new distributor integration and market-focused approaches, position it for sustained success. This is underlined by a 33% growth in sales bookings. The book-to-bill ratio remains above one and its progressive pipeline remains strong.
Comment: Given the recent hiccough regarding alleged patent infringement, we see CPX coming out with all guns blazing regarding its current position, and prospects.
There has been a background seller here for ages, after yesterdays buys I fully expected to see more sells today. Add the usual sell on news brigade to that and that combined to generate early doors panic with weaker holders who blindly exited as other sold. I have added on this weakness fwiw as I think this is oversold.
Key strategic initiatives, including a new salesforce as well as new distributor integration and market-focused approaches, position us for sustained success. This is underlined by a 33% growth in our sales bookings. The book-to-bill ratio remains above one and our progressive pipeline remains strong.