Member Info for Richard08

You’re right of course Mikemine, we have been saying it for a long time. But momentum is building behind Invinity as the sales and pipeline show. At the moment an overwhelming collection of macro factors are crushing the stock (but not the company itself it would seem?). If they can stay afloat until the sales increase enough to take us to a profit then everything should be plain sailing. I get the impression that Larry is more comfortable (perhaps as an American?) to be unprofitable and is frustrated by the more conservative investment forces in the UK panicking about a lack of profitability. But it’s just a hunch.

Good article Mikemine, several things come across for me:
- Energy storage is becoming increasingly mainstream and accepted as necessary and possible.
- If California can pull it off, the state will be a case study and proof on a massive scale as to what energy storage can do.
- Hopefully, where California leads others will follow. Especially if other states continue to have power outages and they don’t! We just need Invinity to establish it’s US presence and factory asap.

Management do seem to be delivering on their promises. I was thinking whilst watching, that VRFBs are most suitable in the US and Oz where space to build them is less of an issue given their footprint. In the UK land tends to be much harder to find and more expensive I would imagine. Also, solar panels must be more efficient in these countries than in the UK meaning storage will be more useful (?) As adoption of this tech continues and more working case studies can be highlighted to new customers, then there should be a snowball effect. The company will need to stay afloat in the meantime and this could well be the challenge for the next twelve months. Hopefully supply chain issues will begin to resolve soon.

If you go to the investormeetcompany.com website and create a login, the presentation from IES which went out this afternoon is on there. Usually worth a watch for the added meat on the RNS bones.

An excellent series of posts Agricore. This is exactly what these boards should be like and it is a refreshing change from some of the things you read at times on here (not often on the IES board to be fair).

As you say, not all the sales will convert onto the bottom line, but interest in what IES can offer is clearly gaining traction, and as the manufacturing capacity increases and production begins to scale up then things will certainly improve. The sales figures seen yesterday show what can be accomplished with covid, China lockdowns, supply chain nightmares and goodness knows what else. There are many reasons to believe that things will improve even further as the team continues to execute.

This bit at the end of the RNS may have some spooked:

The Group's need to secure receipts from the exercise of the warrants or through winning new contracts, customers or additional funding creates a material uncertainty that casts significant doubt about its ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group were unable to continue as a going concern.

There are no page numbers on there but it is towards the end of the CFO’s section. Now these ‘going concern’ bits are always there and usually doom laden but this does show an underlying uncertainty for these early stage companies. IES is in a strong position though, growing sales, increasing backlog, several projects around the world and a steady increase in size for these, massive increase in production capacity coming up, all underwritten by the slow and certain push for renewables.

Hi SimonV,
It's from this bit at the end of the commercial section:

· Between January 2021 and June 2022, Invinity sold 9.34 MWh of products contributing to a closed sales backlog of £13.8m, the majority of which, if not all, is expected to be delivered during the remainder of 2022.

It's a rudimentary calculation, but the best I can estimate at their income vs sales.

They make approx £1.4M per Mwh sold, so with 608Mwh in the qualified category and this number going up exponentially it seems sales are going to rise!

690% increase in sales? I’ll take that and thanking you! Joking aside, after a quick skim, seems a positive release.

I’m never sure how large a pinch of salt we need to take with the trades shown on here. You’d have thought such a large trade might have shifted the price, even temporarily. As you say, let’s hope it’s a buy! Since covid has stayed quiet and elective surgery is recovering there is no reason to think that TRX’s next results should be anything other than positive.

There is a lot of sector wide selling, Whitbread, Intercontinental, SSP are all down and at or near 12mth lows in most cases. This is largely just sector wide recession fears driving down the travel sector as that's what people will cut if they are short. Top fallers on US stock market today in NASDAQ are AirBnB, Marriot and Booking Holdings. It's not Saga they're going for specifically.

Interesting to see if any of the irons in the fire for this company have moved closer to fruition. Fingers crossed. Possible updates on Korea deal, Oxford Superhub, Canadian Solar, Siemens deal and anything else that's going on. Would be nice to see them move some of these to the positive side of the balance sheet.

Well done guys on keeping the faith with IES! This is not the first ‘V’ shaped drop and pop this has done over the last twelve months. I averaged down on the last one but lacked funds to join in with this one. Hopefully this is the bottom. Plenty more in the pipeline for this company as you point out. Hopefully have some news on the Siemens deal around Xmas/new year. GLA

Cheers Bazzaman, fingers crossed for some good results then. After today in the markets God knows we need it!

You know it's been a rough day in the markets when one of your shares showing no movement is a good thing! Hang tight everyone, it can't go on much longer.

For a 'boring' transportation stock this is quite a rollercoaster. Well done to those who bought on this mornings dip - already up 10% from there.

A welcome riser in an ocean of red! No RNS though, anyone aware of a reason for the jump up?
TIA

More a quick overview of some of my findings for others to add to. Have to admit to having sleepwalked into owning some of these by not paying sufficient attention to my BHP shares but having looked into it I like what I've got.
Oil production costs of $4.8 (2020) and $5.3 (2021)
Dividend maintained throughout covid and not many oilers can say that. Mentioning no names... albeit it is variable.
Cash margin of 78% (2020) and a free cash flow of 1.8bn (2020) and 851m (2021)
Oil price in 2021 was $83-52 and dividend was $1.35. So far oil price in 2022 has been north of $78 (Jan) and averaged around $100 approx. Impact on free cash flow with a steady production cost is clear.

I will hold on the expectation of divis and specials with an eye on their LNG developments which appears to be a fuel for the transition, whenever that occurs.
Happy to discuss others findings, analysis and general thoughts around this interesting new addition.

Thanks Ginandmilk, I’m never quite sure how these articles are generated and whether a human has actually been involved at all! Either way, the article does not mention the vast amount of stock TRX has in storage and the inherent value of this. I see nothing to worry about anyway.

https://www.proactiveinvestors.co.uk/companies/news/983691/gold-prices-not-quite-the-perfect-storm-but-two-shares-offer-equity-exposure-says-city-broker-983691.html

Although the market says ‘no’ this long term holder says ‘patience and hold’.