The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
In respect of the 'price decline' comment, I would respectfully point put that since Invinity was formed in March 2020 then the share price is 'only' down 50% or so since this company is formed. The graph you get on google etc shows the share price back pre-merger. And I know mentioning other shares on the wrong board is a bit taboo but without pushing it at all, a medical company called Tissue Regenix (also on AIM) is down more than 99% and is now currently moving towards break even and the sunlit uplands (fingers crossed).
https://www.bioventix.com/wp-content/uploads/bvx-online-accounts.pdf
If you have a look on page 11 of the above report from 2021 it tells you a bit more context. Essentially they have made/are making testing kits for pyrene for industrial workers and a cannabis test using a saliva sample presumably for law enforcement/medical use perhaps.
Thanks for chasing that up and letting us all know GBCol.
The temptation is to not believe management and assume every line is a cover up or distraction from the truth. We can probably all name a management team (or three?!) who are guilty of this, but the Invinity team do not seem to be of this breed. Although the performance of the sp is abysmal the company itself and all the employees seem to be moving mountains. Founding a company in the teeth of the pandemic, selling batteries on three continents, doing deals and MoU and especially the ‘Mistral’ deal upon which so much depends. Their work and achievement has been incredible. We are yet to be rewarded for our patience, for certain. I would not expect them to struggle to raise finance if it became necessary from a merchant bank etc. With a working product, a clear sales pipeline and the recession proof nature of their work it should be easy enough to get what would essentially be a bridging loan. This is not some two bit, half an idea, blue sky thinking company out to get management as rich as possible before reality dawns. We are now 18 months into the two year deal with Siemens. Let’s see what happens in the next six months. I for one will be holding tight until then and for many years after unless I see conclusive proof to justify changing my mind.
I found this in the recent RNS from the 21st akajimmy, it suggests the majority of their debt is fixed unless I have it wrong?
'77% of the Group's drawn debt at 30 September 2022 is hedged via a £75 million long term debt facility expiring in 2035 fixed at just under 3.0%, and a £25 million interest rate cap of 1% which expires in June 2023.'
Possibly, all property related shares and REITs came a cropper over the last month. But IMPACT is climbing now. I have this one buried in my dividend/rock solid collection of holdings. The sp may fluctuate as the govt messes the yields up on gilts but the clientele IMPACT has are as reliable as it gets, and we are not running out of senior citizens anytime soon. This recent drop is a heaven sent opportunity to accumulate in my opinion.
A good first quarter it seems. The company is having to manage some enormous currency swings as the ZAR and USD fluctuate:
The impact of exchange rate fluctuations on cash held at the end of Q1 was a $3.3 million loss due to the spot ZAR to USD exchange rate depreciating by 11%.
Just shows how the currency exchange rates can really hit the bottom line!
TRX does seem to be developing a nice upward trend, hopefully it will continue. I too hope that the company continues to invest and grow whilst hopefully staying independent. If it can keep developing new products and selling them at high margin then who knows, we may get a divi, but that would be the icing on what will hopefully be a large cake in a few years time.
I’m buying more of these too, China is going through a rough patch but isn’t going away. The divi will keep us going until a recovery takes place. Of all the worlds economies, China is best placed to manufacture a recovery. Especially once these covid lockdowns end.
For some reason Bioventix doesn’t seem to get it’s results published on here early doors, but they are on their website for anyone whose interested. Another good set with a special divi. This continues to be a nice under the radar play, a well run business, excellent cash flow and recession proof.
Larry mentioned (a while ago, I can't remember the quote/video) that each batttery brings in approx £200k so for 44 batteries this makes approx £8.8 Million. But this £200k is at least a year old and should only be taken as a very rough approximation after the last year of inflation.
The main point to take away is that this is another project win, a bigger battery and yet another installation that Invinity can point to as a successful deployment of IES tech when showing potential customers around.
Important confirmation of the Californian battery sale. 10MwH… biggest to date but not for long I would think. Hopefully this will help to stabilise the sp at these levels and provide a solid base to move up. Certainly the company is moving up and so the sp will eventually follow, as a wise man once said.
Looking at that graph BillBursio, it would appear the gold price is falling with the fall in the value of the £ in relation to the $. Since April both the £ and gold have sold off in similar downward trends. Whether it's just a coincidence or not...
Management seem to be coping well with the unprecedented energy prices. The solar plant should give them an advantage over other miners if energy prices remain high. A good RNS that says ‘hold’ to me, and maybe buy more if you can! This short term situation of low copper price/high energy won’t last for ever and Atalaya has too many irons in the fire to remain cheap for long.