Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
The share price targets of the house brokers are c.£11 and c.£15...independant broker has a price target of £21....these are calculated using a dcf based on mostly ethanol and p&g speculation. Management think the water lob will be their largest : ) ....no where else I would rather have my money over the coming years. I think the divi within 3 years will be substantial. Fingers crossed and gl all. I don't trade - just buy a lot whenever it dips below £3. : ) DYOR.
Yep still here - have been for a good 18 months now and will continue to add - not many around like this one that is for sure. Double figures by the end of the year possible?
Cenkos thinks £11 by the year end and Mirabaud is at £22 (I am not sure of the timeframe on this one). I hope and think the cenkos one will be met but obv dyor. Interestingly one of the plants the ers is being installed in is planning on doubling their ethanol output....good news for pdx as this one should be producing commercially by May.
who bought at that level was Richard Webster who is the finance director. The buyers definitly know its going on - as do the holders. If you look at the share register about 65% of shares are held long term by institutions, blackrock bought another chunk of the company at £3.30 ish last month. There are not many shares available - liquidity seems to come from the shorters - if you go to www.dataexplorers.co.uk you can see the amount of stock on loan. c 6 million shares. Only 70 million shares in issue - this company also has a few 1-2% PI's and c.70 million shares in issue...so assuming a free float of about 17.5 mil shares the short position is now a large %. News is expected soon on the ethanol lobs and I would have thought further food, brewing and ndx contracts are on the cards juding by the last presentation. Possible new lob updates as they are apparently talking to 3 customers the size of p&g (said from the Feb presentation).......obv dyor and all that.
I suppose the shorting will stop either when news is released or the shorters start buying back to bank their gains. Given the contracts in place and expected revenue arrival from PEIX this month I would have thought that point should be soon - however as I thought these were still a great buy at £4 I wouldn't listen to me!
Volatility like this is quite common for early stage companies...it went up, has come down and will go up again....just a case of sitting tight if you believe in the technology and its applications. Painful but the broker notes are based on detailed dcf's and the targets will eventuially be met.
On the energy consumptiont side your slightly pessimistic - this is from the shephard neame website...Traditionally, Wort is heated in the Copper using an external heating system called a Calandria. At Shepherd Neame we've pioneered a new internal heating method called PDX. This injects steam inside the copper, heating the Wort much more efficiently. Using this system has reduced our energy consumption in the ale copper by 47% and in the lager copper by 57%. And because the PDX does not cause charring or caremelisation in the copper our product is fresher and more consistent.
How fast commercialisation takes place - my guess is this share will have a strong 2011 from this point - Cenkos have a target of £11 for year end. A lot of the short term price movement will be driven by the Feb 28th presentation - for better or for worse.
By lob I mean line of business - I am sure you have looked on their website etc - you can see how many lob's they currently have and there is potential for many more.
There is a lack of stock available, massively oversold by pi's, long termers own 65% of the company and don't seem to trade the shares, 4.5 million share short postition....revenue arriving, analysts presentation on the 28th Feb where there will be an update of current lobs and perhaps new news.... "bear sqeeze"....!!
Before posting advice perhaps research should be done. Cenkos release a full note on this today...previous target £11 within 12 months. Mirabaud at £20. Update from the company end of Feb. The fall was a result of panicking, shorting and unfounded rumours. More people will begin to realise what this company does, who it is partnered with and the revenues that will follow. Good trade TheGekko....I also bought more at the silly low prices.
I agree with that. The only way this share is not a good buy at this price (although it keeps falling) is if the broker targets for income over the next 3 years is not nearly met .... In which case somewhere along the line things have gone very wrong. Mirabaud have a price target of £18 based on their DCF! I am still invested here and hope for some news and a change in sentiment soon.
Mirabaud have a price target following the results presentation of £18...I think £5.60 will look cheap in 12 months time. Apparently its being shorted - eventually those will need to be closed as news arrives on income from ethanol...not long to wait.
What an amazing company
This company had a mention in the moey section of the FT over the weekend - interesting article on mongolia in general.
I have also been in this for a couple of weeks - it was all the holdings in Mongolia which caught my attention! Hopefully some of the reports about the growth there over the next 15 years will come true and these guys / we will benefit. GL
like it might be going somewhere.
This company has amazing potential - worth approx £140 mil - no income yet!!! Tie ups with major companies in fire and decontamination, potential for contract wins in brewing and ethanol production. Institutional share holders own 60-70% of shares? Rest of this year is key imo. Is either going to be a monster of a company or go no where. I'm holding : )....
Are due this tuesday 25th Aug...lets hope for them to be positive to give this share some encouragement to move upwards.