Member Info for Richard08

UK inflation down to 1.7% this morning. Cue, Bailey panics?

Interesting that Berenberg think they can read the collective consciousness of the market...

"we think that the market would prefer it to deliver on its guidance rather than give management the benefit of the doubt."

Would love to have access to their crystal ball!!

Given that the current Texas assets of Snyder, Streetwater & Westover have 30MW between them and generated £200,000 per MW across last year, how confident are we that the new assets of Big Rock and Dog Fish (with 275MW between them) will have the same earning power? The Texas assets generated nearly £6M last year. With an increase in MW by a factor of nine, will revenue increase by the same to circa £54M?

Am I being overly simplistic/optimistic?

Blimey! Really moving now! More to come? Come on Politburo, rig that economy and make us money :)

Very ‘steady as she goes’ in the results. Or so a quick skim shows…! See how the market reacts…

If Mistral can be on general sale before the end of the year that would be a great move by the company. Hopefully we can get some real world performance stats on Mistral soon, but if customers start buying that will be a good sign. It will be interesting to see if the stock moves at all after the analyst call… for the rest of us, we await the presentation for retail

Volatility in prices is also a big factor. Look at the earnings from the Texas asset. This is about storing energy when it is cheap and giving it back to the grid when it is expensive thus taking advantage of day to day, hour by hour fluctuations in price.

There is a possibility of IES closing above or at least with no change in price by the end of the day. Selling momentum seems to have petered out. This is at least a silver lining to the week. Now it's down to the company to demonstrate why this is overdone and why the sp should move back up. As more learned investors have already pointed out, but it is worth emphasising, this is trading at cash in the bank; investors are getting the business for free at the moment.

Interesting listen.

Key words from Andrew Monk say much: horrific, dismay, horror show..... and more!

But he also points out why it's important to keep the faith. Siemens are in Vancouver discussing/working on Mistral

Confirmation that Mistral does work!

Genuinely world class product.

Well financed.

The fall in lithium price is helping to make lithium batteries cheaper, but there is still a market for VRFB.

My thoughts:

Patience is needed. Quite probably for a year or more. Hence the sell off by a small share count by people who don't want to wait - which is fair enough.

Thank you Theoldtrader and BigBiteNow for your continued offerings of your insights and research into the company. Your work is exactly why I come to these forums and I hope you continue to do what you’re doing.

Are these Chinese companies? Will they be allowed to operate outside China? USA especially will probably not allow them in…?

Only a small proportion of shares have been traded today, it just shows how illiquid this is. We’re all hurting today, there’s no way around it, it’s definitely been a bad day! But the company have their interims at the end of the month. And that will be the most important presentation for he company to date IMO. They need to convince everyone they can still win this one, and then have actions follow words PDQ.

The company has set itself some very short term targets…

Commercial

o Renewed focus on commercial targeting, utilising a data driven approach

o Expand our use of partners to reach new customers outside our core markets to enable us to scale in a fast and cost-effective manner

- Operational

o Utilise our geographic centres of excellence in the UK, U.S. and Canada to drive greater efficiency within the organisation

§ In the UK - continue to invest in expanding our operations through increasing automation at our factories to bring production costs down

§ In the U.S. - ensure that we are able to manufacture products in the U.S. which are capable of benefiting from the full suite of available subsidies

§ In Canada - utilise existing facilities and expertise to create a global centre of excellence for flow battery product development, supporting the launch of Mistral and future products

When we report our interims at the end of this month, I look forward to highlighting our progress in addressing these priorities."

So, they have their own self imposed deadline to present something convincing that we should stick around.

Definitely disappointing news… shame to see Larry go, and with immediate effect too! At least they have got someone else in place sharpish to avoid a limbo period waiting for a new appointment.

New CEO needs to commercialise these batteries soon. Fine talk is just that. They need to carry through their promises asap. It’s great tech, but it’s four years since Mistral was launched. Fingers crossed it comes to fruition soon.

Seems to be some positives in there. Still managed to return market share, divi up and steady away for the most part…

I can't get there unfortunately, but would love to see any notes you make at the event if you would be so good to type them up afterwards?

Company seems strong, results and cash generation look ok. But the new dividend policy…

It is the Directors' intention to continue to pay, in the absence of unforeseen circumstances, a dividend of 7.0 pence per ordinary share for the financial year subject to market conditions and performance, financial position and outlook, and fiscal environment. This is consistent with investors' expectations based on the current NAV but, from the 2024/25 financial year, the profile and quantum of dividend distributions will be more closely aligned with operational and other cashflows rather than NAV.

Moving from roughly equal payments across all quarters, the Board has determined to target a dividend of 1.0 pence per Ordinary Share for each of the first three quarters of the financial year. It is intended the amount of the final quarterly dividend (announced in June and paid in July) will make up the balance of the annual dividend target subject to cash flows at the time. As with the current dividend policy, all dividends remain at the discretion of the Board.

This is a prudent adjustment to the dividend policy reflecting the maturing nature of the Company's portfolio, with a transformative year for increasing operational and revenue-generating capacity.

Be interesting to see how the market reacts to that… essentially it appears to give the board more wiggle room each year so they can can adjust the payout. Hopefully a bonus final divi at the end of each year?

Rachel Reeves has said: The "absurd" ban on new onshore wind farms in England has been scrapped and energy projects will be given priority in the planning system.

Lets hope she means it! The first part has already been accomplished, the second may prove trickier and more time consuming. Fingers crossed.

It does seem to be an under appreciated stock. There are all sorts of reasons... lack of profit, history of the company, poor liquidity and sp, market outlook for this kind of thing... it's not exactly a sexy area is it??

However, some of the best companies and multi-baggers have been industrial stocks that have hit a niche and grown slowly but surely over time. IES appears to be doing just that so hopefully the market will wake up to it at some point. I am waiting for the launch of Mistral for the next big event. Hopefully it will be this year.

· 511% increase in total income1 YoY to £22.0m (2022: £3.6m), marginally ahead of guidance provided on 18 December 2023 and largely due to an 800% YoY increase in products shipped (32.5 MWh) during the period.

Huge increases in income, volumes shipped and plenty of cash in reserve. Seems like a good year to me.