Member Info for Richard08

Amen to that RN1MLT, let's see what happens.

Agreed. Either this is a solid company with a long term growth opportunity, or it's a buy out option. Either way the sp should put on a solid performance over the next week or so.

And if it does become a buy out (and I hope it doesn't!) TRX suddenly got more expensive!

Strong update there given the underlying economy. Oz and Europe (surprisingly!) doing well. Still a few residual supply issues and revenue coming in slightly under but weathering the storm well so far it would seem. Could do with North American concrete drivers pulling their fingers out!

Yes it's a bit short on detail isn't it. Wonder if there will be an investor meet coming up?

It's been a long time coming for TRX has this. Given the contrary nature of AIM I wouldn't be surprised if it drops on opening!

Well done on the total sales figure izstar, two points to you!

"We are delighted to have achieved an adjusted EBITDA profit for the fourth quarter of 2022"

I'll take that!

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.

Cheers for this, worth listening to for Andrew M’s character assassination of Grant Schapps alone!

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.

All very true guys, IES certainly has many irons in the fire that are getting hotter. Underlying problems and cash flow not withstanding there are many reasons to argue that 2023 should be a good year for the company.

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.

All seems to be ticking along nicely there. Interesting to see they’ve extended Siemen G’s options out to 48 months. And they’re forecasting sales of the Mistral product by H1 2024, there’s optimism for you!

He can’t get enough can he? That’s the second or so top up he’s done. Really looking forward to the upcoming trading update.

TRX accessing the biggest healthcare market in the world? Bring it on...

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.