We would love to hear your thoughts about our site and services, please take our survey here.
Quite probably right HarChris...hopefully the company will be in a strong enough position to sell at (or above?!?) market value! And a good strategic partner will of course provide extra strength and support for the company.
If at all possible they will be after funding from strategic partners rather than issuing further shares. It will be a good indicator as to how well these discussions are progressing, if we don’t hear of any further strategic partnerships by the end of H1 2024, but instead end up falling back on us. That large and increasing pipeline, plus the launch of mistral will hopefully be enough. If central banks start cutting rates early in 2024 then there will be an increasing amount of FOMO even at the corporate level!
A very small number of trades, only 171k shares traded according to Hargreaves and Lansdowne... so if they are all sells it's easy for it to go down. And much more noticeable on a day like today where everything else is blue. There is no bad news from the company so patience is required.
Cop 28 has failed (once again) to ban fossil fuels suggesting catalytic converters will be around for sometime yet.
Not news to anyone here already probably but enough to get other people looking for how to invest following this.
Unfortunately it doesn't take much to move this stock. What have we had today? 772k shares sold in 117 trades... Out of a total issue of 191 million shares. So sales of 0.5% of the stock moved the sp down by 13%??
Sounds about right for AIM I'm afraid! But, if there turns out to be no company based reason for this sale then an equally small volume can move it back up in short order. We had four decent sales and other good news from 28th July to 3rd Oct and then largely silence. Which means, to my optimistic mind, we are due another sale or two. The 15 MWh Taiwan Sale Secured with 255 MWh Follow-on Order Potential announced last December was meant to start delivery in Q4 2023. So we may get more news on that soon. Hopefully there's some uplifting news around the corner.
Singida had its PFS in 2010, DFS 2014, EIA 2019, Construction 2021-3 and First gold pour March 2023. Covid slowed all that down but only by 18 months or so. It can be a long time...
And we haven't had the economic assessment for West Kenya yet have we? So we could be talking a decade or more depending on whether they can hurry it along given that the company should have enough money to develop this quickly if they choose to do so.
I would tend to agree Craigb, I have a small holding here but I see no evidence to suggest this is anything other than a good income stock and a well run company that is being dragged down by the market and not through any fault of it's own.
The troubles with Siemens are definitely something to keep an eye on for any consequences with IES. The company have been rather quiet on what they have been doing together, I don't think Siemens have ever made even a reference to Mistral in public? (Correct me if I'm wrong someone?) Having said that though, Siemens is one of the largest employers in Germany so I wouldn't be surprised if they get some help.
Interesting read from the company here. It mentions that company expectations have had to be unwound re income from storage about part way through the RNS. I’m not quoting exactly there but have a look. High interest rates in a capital intensive environment are bringing the sp down but the company and it’s assets seem to be in good shape. I am holding until relieved here.
There was a time when a sale (any sale!) would have half a dozen comments and cheers from investors. Now, it hardly merits comment. I take this as a sign of strength rather than apathy and the simple fact that sales are becoming so common place that they are virtually, literally, unremarkable.
Shouldn't worry guys, this is just the inevitable drop after a day of good news when day traders jumped on and are now taking profits. What will be interesting is how much further it falls from now. I would expect it to be very reluctant to drop much further. The good news just keeps on coming and Larry said a while ago that most of the company's deals come in the final part of the year historically and we've still got three months to go.
It does seem like common sense has prevailed on the sp today and the news has been taken positively. Very extraordinary in my view... unless I'm missing something ridiculously obvious?! The business would appear to be on a firmer footing now as you say. Hopefully we will see continued upside now.