Member Info for Richard08

29th April. See RNS :)

We are due 2023 results I believe? The closed period is two months (?) so there can't be any director buys at the moment.

I listened to that very podcast and came here for a look. Very informative posting rivaldo, thank you. I’m going to spend a bit longer going through the website but I think I will be buying in. Seems to be a company that will benefit from Labour coming in, grid upgrades, the need for more electricity and a host of other tailwinds.

Absolutely Lamps. As you say, there is nothing wrong with the company. We are nearly due some financials, news about mistral, progress on the product pipeline etc etc.

Admittedly it is certainly taking longer than any of us hoped, but the company seems to be doing all it can to develop this product, which is already lining up buyers before its performance stats are even know! Hold fast.

Lots about housing targets, planning changes, forcing through developments where necessary… it all may not happen but the fact that they are promising it will hopefully push the sp up here. A thought: whoever gets in will have no money. Tinkering with the planning rules will be free and possibly give a kick to economic growth. It remains to be seen if they have the balls to push this through once/if in power.

Ah, thanks GBCol, hadn’t considered that!

Three big holdings selling stock putting negative pressure on the sp? Hopefully they are done now!

They have been achieving 20% growth for a while now, it depends on how long they can keep this rate up. Given the relative size of revenues and Mcap I would think another year or two at least. So approx 36M USD for 2024?

The biggest mover will be if any progress is made on this from Daniel Lee’s section of the last full year results:

In 2024, we will begin some of the preliminary planning activities to build our Phase 2 capacity expansion. In addition to our organic growth plans, we will continue to examine acquisition opportunities that would allow us to scale the business for additional longer-term growth.

Any move to expand, and provide further fuel to revenue growth will be an opportunity for the market to reassess TRX’s worth.

Bottom line is this could ten-times from here and still be below most investors’ radar. If management continue to grow this company and maintain the sensible strategy they have exemplified for the last few years, then I am happy to hold for years to come.

Maybe… the board will have to put a convincing case forward. But the time to buy your competition is at the bottom, not wait for the top.

Well I’ve read that through and the legal terminology defeats me. Can someone tell me the Janet and John version??

All good thoughts there TargetPractice. Hopefully, with the market's closed, this news can be digested overnight and then this will move up a few percentage points more tomorrow.

Great news! Cue Blackrock wetting their pants! Now all we need is the long delayed accounts to come through…

Solid set of results there. Should be plenty to calm the market that GSF is capable of paying it’s dividend.

Great find that - thanks for sharing. Confirms all my positive bias for IES! Seriously tho, for the UKIB to invest in IES is a huge sign of confidence.

Tend to agree with you both. The market hates uncertainty and is trying to price in a lot at the moment. As ever, it will over estimate to the downside in lieu of facts about what’s going on. Hopefully the new CEO knows what he’s about and has also run the rule of the company before taking it on so he knows what he’s up against. As soon as the closed period ends he could buy some shares himself which would help restore confidence in the short term, and then just publish the results! Better to get all the bad news public quickly so as to tie it to your predecessor…

Agreed - doesn't look good at all. This is going to go down for a while yet before it has any chance of going up. I'm going to wait and see what the new CEO has to say. 'Other business interests' for Peter? Pull the other one...

I’m going to have to see if anyone has a Sunday times left now so I can read it!

So far as the competition is concerned, until the specs for mistral are published we don’t have much to compare. And I would imagine that sodium-ion would have to jump through the same regulatory, funding and acceptance hoops that IES has spent the last few years negotiating so hopefully vanadium has a head start?

Worth a listen this, obviously he’s bullish as IES’s broker, but:

- Points out that this is the first investment made by the British Infrastructure fund in a publicly listed company, for which they did a lot of due diligence.

- Reminds us that IES is moving towards a licence and royalty model. This has to be good for earnings, gross margin etc.

- Hints that more orders will be forthcoming now that the company’s future is on firmer footing than it was pre-fundraise.

We just need to see Mistral launched now. But after waiting three years hopefully not much longer to go!

Good bounce under way here! Let's see how much steam it has!

At least this answers the question as to where funding is coming from. Money from UKIB is indeed welcome and may encourage other investors to come onboard who are encouraged by first movers etc.

This is from the LAST fundraiser, not today’s:

The proceeds from the proposed Placing are expected to provide the Company with sufficient working capital to the end of June 2024 at which point the Company expects to have launched its next generation Vanadium Flow Battery ("VFB").

Let us hope that this is indeed the last fundraise and it will carry them through to financial independence…. The fact that the price is close to the current sp suggests confidence. The market could do anything tomorrow, I wouldn’t be surprised either way! But if that remark about June 2024 proves accurate then hopefully we will not have long to wait before news of mistral.