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Idle speculation of the upcoming trading update... just for fun, but also to see what thoughts are out there... happy to discuss and/or be criticised for optimism!
Total sales for 2022 - $25million
Net profit on the year - $1million
Cash in hand by end of year - $4million
Share price at close of play on the day the trading update comes out 0.8p
absolutely, there is clearly a demand out there and as they say, it's the supply side that needs sorting asap. I don't see lithium jumping into the gap in the mean time either. All good tail winds for IES.
The joy of getting into the rental market is it provides a mounting income of recurring revenue from service contracts, replacing vanadium etc. Once a VRFB is on site and providing back up for some vital piece of kit the chances of it being removed are slim to none. All dependent on the economics of the situation obviously but it provides a second line of income alongside one off sales of product. And as you say, opens up a second market with those who won't/can't splash out up front.
You do make a valid point DD77: the company is non-profitable and will need money to tide it over until breakeven and profitability arrive.
Given the state of the equity markets though, the depressed sp and the fact that they've already taken out a loan, I imagine they will extend this loan if necessary to keep the lights on. They have clearly decided to avoid tapping shareholders further, at least at this point. Assuming the board are competent (and I believe they are) they have either chosen this figure to borrow (£10million was it) because it's all they think they will need OR it was all they could get.
That's the thing with IES: we're still at the 'faith' stage of the investment where it is the possibilities for the product and faith in the management that we have bought. Cash flows, a P/E and a decent gross margin are yet to come I believe but until they are here, keep the faith and trust that they will find some way to keep the ship afloat.
I'm not so sure, I don't think they would have got a loan if they could have raised anything through a share issue. I would argue that the loan is as much as they think they'll need to bridge the gap between now and the break even point.
Of course they could be proved wrong... but with a large order book and subsidies which are more or less guaranteed in IES's key markets it seems like a relatively safe bet by management. Albeit I am touching our wooden dining table for luck whilst typing that bit!!
I tend to agree MTSparky, it wouldn't be the first time news has leaked out on the LSE. This seems a lot more than just a bounce in the sp after a drop. It could be just some good old fashioned FOMO but fingers crossed it is more!
There are a combination of factors helping Invinity through it's loss making stage. First, the subsidies being offered by many first world companies, especially the miss-named Inflation Reduction Act in the US. Second, the snowball effect of increased orders and ever increasing number of projects in the field which can be pointed out to prospective customers. Third, Larry let slip in the recent investor meet video that they expect the Mistral battery to cost 40% less and be substantially more effective/powerful.
We (British investors) also need to bear in mind this is largely a US company, run by an American and they are far happier than we are, at running at a loss whilst building up capacity. Just a thought.
This seems to be an under appreciated company. In my view it a rare thing, a British tech play on automation that is under valued here but would have a much bigger market cap in the US or even in Japan perhaps! Either way, when the economy recovers this should be surging back.
Some impressive momentum here, and some huge buys going through. Technically very strong, broken resistance pattern left over 2022 and still heading upwards. Macro picture looks good for a post-covid China lead by a govt that will do what ever it takes to succeed. Hopefully it'll stabilise above £4 and continue up.
Nothing wrong with posting regularly Mozax. Positive discussion with opinions backed up with facts, rather than the vitriol which you see being hurled on some boards, needs encouraging.
As you say there is lots of potential but we can see that lots of the 'potential' is being converted into action and orders. Granted an MoU doesn't immediately bring revenue in, but I doubt the execs from these companies are signing these things for the fun of it.
We have only a few short months until we can expect some news on 'Mistral'. Let's hope the sp can continue to solidify it's new base around 35-40p as a springboard for 2023.
Lots to take in there… seems a well thought through msg to the markets with all bases covered. I’m surprised the CEO is coming back to be honest but they seem to be keeping him at arms length until they are sorted in court…