This time least year we had a trading update. Hopefully get something soon. I imagine it’s the threat of a windfall tax illogically pulling this down. And the general sell off of unprofitable tech in general. Still holding here no averaging down!
There's not a lot going to be happening so far as news is concerned for a while, I imagine the next big thing will be the Sept results. Unless there's something unexpected e.g. new product etc.
Until then, those with a shorter investment plan will go elsewhere. Those who stay will hold fast and wait for the break even that we hope is coming. Until then we can worry over our junior minors! I'm not in EUA Ginandmilk, Shanta Gold is my 'one to hate' at the moment!
Either way, if the company are buying back 0.1% of the available shares every week then they are putting continual upward pressure on the sp. Given the relatively low trading volume then the company is probably the biggest buyer of the day. And as you guys say, there is the improvement in EPS and the cash is just losing value in the bank.
Read it through twice and can’t see anything negative buried in the detail. All seems good.
Steady away trading update. I had to go to their website to find it mind as the RNSs aren’t working for me today. No surprises in there I could see. Sales weighted to second half of year as expected so market may interpret that badly in the short term. Given how irrational the market is at the moment anything could happen!
Another box ticked on the road to wide spread adoption of Invinity’s tech.
Although its large commercial partners could undertake this work, they prefer to leave the complex supply, manufacturing and regulatory issues to a niche player like TRX. This places TRX in a strong position with its partners.
This line from page 13 encourages me to think TRX is safe from a takeover as majors would rather pay them for their product than take on the regulatory aspects of tissue processing etc. This company is going to be allowed to grow and grow.
Another good report from Hardman and Co. These are paid for by the company but usually offer some original opinion. I see they’re playing safe with suggesting we will be in the black in 2023: I’m still holding out for fiscal 2022 to see this.
Mention half way though that they included some of the phase two extension plans in with phase one. I can’t remember if I’ve heard that before but interesting to see that future expansion is perhaps only a matter of time.
https://www.youtube.com/watch?v=0Nj738grFOc&t=1793s
Not sure if this has done the rounds yet, mentions a brief update on the Siemens deal at 28 mins in.
Main points are:
- Looking at batteries of 200MW+ (I believe we already knew that).
- Not announcing anything until developed further.
- Aiming to develop batteries that can last as long as the wind turbine it's attached to (25 years)
- Aiming to announce no earlier than end of this year and no later than early next year.
- US govt have said they are interested in supporting the construction of an Invinity factory in the US.
This is one of those read-between-the-lines RNSs. They have done some serious due diligence on this battery, goodness knows what stress tests it's passed, but obviously it was better than it's competition. It sends a signal to other companies/governments that they risk being left behind and look what you're missing! This was also an 'older' battery, imagine what will come out of the Siemens deal in a years time?! (fingers crossed!)
Huge approval of Invinity's tech with a big company in Korea! The global expansion continues, it will be interesting to see the market reaction to this one!
All very interesting gents, wonderful research and let’s hope it becomes ‘real’ through an RNS in the near future. I would imagine as we’re almost a year into the two year deal with Siemens we are due a one year update as to what progress they have made. We live in hope.
It is undoubtedly a small amount, but I prefer to see this from the glass half full perspective. It is better that they are buying rather than not holding at all. Or even worse, selling. They seem to have been pacing themselves on the purchase front. And their purchase seems to have been sufficient to lift the sp a fraction today in lieu of any other news.