The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
£3 million, giving approx 6 millions shares, representing approx 4.5% of the listed shares. And all bought (potentially) before the expiry at the end of April?? That’s only forty or so trading days.
Let’s see what happens now.
I really doubt Larry and Co would stick their necks out with the four to six weeks comment regarding the timeline for future strategic partners if they didn’t think it was doable. They are not given to idle boasts. So let’s see what happens next. Definitely a good start to 2024 for IES.
I suppose the market would have preferred some numbers/pricings in there for a better leap today. However it proves that the strategic partners are real and not just hopes and dreams as you can get elsewhere. It would have been good to get some performance specs on Mistral too - but i imagine all this will come.
Money is certainly important, and they will have to sort out cash before the end of the year. But it does seem that management are doing all they can to sort it out from their end. If they are pursuing strategic partners who will make batteries and pay royalties to Invinity then that opens up the possibility of whole new revenue streams into the future from Everdura (and others?)
I know what you mean, I like to have a reason for an 'up' moment. I suppose the logic is that without a reason, there is no reason why it won't also retrace!
But, she's closed at £50 today for the first time. Got to be cause for a celebration?!
In the December update Larry said:
"The development of Mistral is on track. I'm very proud of our product development team and the progress they are making toward a product that will be transformational for Invinity. I firmly believe that the official launch of Mistral next year will be the most significant announcement in the entire stationary energy storage market in all of 2024."
Brand new battery, government support and industry tailwinds. All providing forward momentum for IES.
Https://www.energy-storage.news/rwe-completes-360mwh-of-us-bess-as-industry-bounces-back/
interesting read - suggests US market is emerging from issues of late.
There are plenty of reasons to be cheerful regarding gsf here. Firstly, the recent largely unnecessary RNS released to try and shore up opinion. In this the chair commentated that:
Looking ahead to the coming quarters and years, it is evident that effective capital allocation and our unique diversification strategy have shielded us from the severe impacts others in the industry face.
In other words, other energy storage companies that have focussed on the Uk alone are suffering, but gsf is not. The management have nothing to gain and much credibility to lose by sticking their necks out so far if that RNS is not backed up with fact. We will of course see in time, but with 2024 likely seeing a doubling of the size of the portfolio and a 12% divi to keep us warm until then this appears to be an over reaction by Mr Market and a buying opportunity for those who wish to take it.
Obvious there are lots of bad things that could happen; delays, cost over runs etc but this is true of any company and something we must all factor in to our investment decision. As PIs we have no choice but to trust management at face value. If there were problems, then a sector wide issue and a series of divis being cancelled would provide the perfect cover.