Member Info for Richard08

Lots of price swings today with the sp up and down 4 to 6%. Would appear someone is buying up.

I added more early yesterday so missed the drop into the afternoon. Problems do seem centred around the CEO and I would imagine he won’t be coming back. This is an recession proof play with a 4% divi at this level. I am going to wait and see what range it finds as the market prices in this news. But with a Mcap only just above annual sales this is clearly undervalued. Well done to all those who bought in late yesterday/early morning!

It'll probably bounce around whilst the market tries to price in the uncertainty. But with a Mcap of 270M, a 3% divi and nothing wrong with the products which as you say should be a safe haven, then there is no reason to doubt a recovery. In time... sounds to me like they need to find a new CEO as there are too many issues circling this one. Wouldn't be surprised to find a palace coup d'etat taking place and a new CEO appearing at some point once the incumbent's 'personal reasons' have resolved themselves.

Not good news there... not so much a pair of Turtle Doves but a pair of Ravens! Personal reasons? Could be anything... a prelude to leaving? who knows. And earnings going to be flat on 170m compared to previous years. Likely drop big on the open but for brave souls with cash ready this could be a good long term buying moment.

Pipped me to the post there Mafuta! Good news it certainly is though!

TRX continues to spread it’s wings over Europe and broaden it’s commercial connections. Every agreement like this has been won over competitions showing the continued saleability of TRX’s products. All cash to the bottom line.

Another sale and a new market to boot. Invinity continues to expand it’s reach and prove the global appetite for battery storage. The good news continues as we get closer to the ‘Mistral’ announcement.

I'm no chartist, but we hit 21p on 5th Oct before bouncing, then hit 22.5p on 7th Nov and have continued to bounce on 22-3p over the last few days. Does that constitute forming a bottom?

As I mentioned, this isn't my strong suit and I don't put much faith in it generally preferring to exam the company's fundamentals etc. But the wider market may, perhaps, see 21-3p as a 'bottom'. Appreciate anyone's thoughts on this.

Well that news is going to cause the sp to go down as quickly as Boris Johnson's pants on a date night.....

Ultimately, just a delay though, so an opportunity to grab a few more if it really tanks as those with a short attention span sell at any price.

Good set of results there. Coping reasonably well with covid in China. Sales, revenue and profit are up whilst operating costs have risen by a smaller %.

Lots of stock in for the festive period, will be interesting to see how those sales do next year once the recession hits and Mr Hunt's tax rises hit the wealthy.

Divi up and share buyback less than half completed as well. I'm trying not to use rose tinted glasses but it does seem a good set of results overall.

Excellent drilling results. Adding further to the LONG term investment case for Shanta.

Good set of results there. More revenue, greater recurring rev and a 10%+ increase in divi! Yes please!

It would be nice to get something soon to confirm that we are (hopefully) in the black at last. I doubt we will get anything earlier than the next results/new product RNS. Daniel & David don’t seem the sort to do an RNS for no reason, fortunately! We have no reason to believe the company hasn’t broken even as planned though, and with Richard Snellor’s continued purchases it’s reassuring to have a more experienced investor confirming your own due diligence.

Morning Ginandmilk, yes he does seem happy with his purchase. He will be after a seat on the board soon! Hopefully another LTH who wants to see the company grow and not get bought out cheap and early. TRX may well be sharing news of new products in the next few weeks/months, they did hint as much in the recent earnings call… maybe an early Xmas present for shareholders?

Well, Blackrock like what they see at this level and with this outlook. Good vote of confidence there!

Could be some positive expectations of the upcoming results. Can’t think what else really, unless someone is accumulating a position.

Can only agree with the above - excellent news.

In respect of the 'price decline' comment, I would respectfully point put that since Invinity was formed in March 2020 then the share price is 'only' down 50% or so since this company is formed. The graph you get on google etc shows the share price back pre-merger. And I know mentioning other shares on the wrong board is a bit taboo but without pushing it at all, a medical company called Tissue Regenix (also on AIM) is down more than 99% and is now currently moving towards break even and the sunlit uplands (fingers crossed).

https://www.bioventix.com/wp-content/uploads/bvx-online-accounts.pdf

If you have a look on page 11 of the above report from 2021 it tells you a bit more context. Essentially they have made/are making testing kits for pyrene for industrial workers and a cannabis test using a saliva sample presumably for law enforcement/medical use perhaps.

Thanks for chasing that up and letting us all know GBCol.

The temptation is to not believe management and assume every line is a cover up or distraction from the truth. We can probably all name a management team (or three?!) who are guilty of this, but the Invinity team do not seem to be of this breed. Although the performance of the sp is abysmal the company itself and all the employees seem to be moving mountains. Founding a company in the teeth of the pandemic, selling batteries on three continents, doing deals and MoU and especially the ‘Mistral’ deal upon which so much depends. Their work and achievement has been incredible. We are yet to be rewarded for our patience, for certain. I would not expect them to struggle to raise finance if it became necessary from a merchant bank etc. With a working product, a clear sales pipeline and the recession proof nature of their work it should be easy enough to get what would essentially be a bridging loan. This is not some two bit, half an idea, blue sky thinking company out to get management as rich as possible before reality dawns. We are now 18 months into the two year deal with Siemens. Let’s see what happens in the next six months. I for one will be holding tight until then and for many years after unless I see conclusive proof to justify changing my mind.