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IMHO it will double and more. Once REDt got to 5p (£2.50 IES equivalent) it went to 16p? very quickly based on several fairy stories about a European phase balancing order from a company with no money and very little experience and a few possible orders from water utilities none of which happened.
The big difference between Red and IES is Red talked and talked and talked and didn't deliver. IES delivers and doesn't talk until it delivers the orders.
Thanks for posting. I thought that a decision on Cleave Hill storage had been made in favour of Lithium but apparently not according to the article. Maybe the warnings on Lithium stability are starting to worry some developers.
My allocation shows as an extra line in my portfolio at iii. Apart from the allocated quantity there is no other info there or in the notifications/ corporate actions or request for approving/ turning down the shares.
We have until 21/12? I think so am expecting news soon.
Kracken: Larry Zulch recently said that his target was to have 10% of the renewables market by 2030 so your post might well come to pass. I invested very early in the life of most of the major millennial technology companies and at times became very despondent as the so chart looked very much like a game of snakes and ladders. Look at the share charts of these companies since inception. The initial surge as the technology is presented followed by the inevitable fall once traction fails to appear and despondency sets in. Take a year or so out then BOOOOOM as the new technologies are accepted as they become better understood. Remember the early days of REDt? The sp rocketed only to fall back as the orders failed to materialise. A couple of years on the market better understands the technology and the benefit over competing technologies. My opinion is we will rise quickly to £5 on more order announcements. As Larry Zulch said IES don’t talk about orders until they are placed, a much better philosophy than Redt.
Yes very strange not only the timing but the cost of the trade is more expensive than any profit which will be made on such a small quantity. Any conspiracy theorists will tell you that a 1 share trade precedes an RNS and other low volume trades have other positive or negative messages but either way very strange indeed.
I am well underwater having bought Redt from 5 - 15p averaging out at 8p.
At that time the market cap was far far higher than it is today, with hardly any concrete opportunities, so would not be at all surprised to see this rapidly climb to £5 with a few more positive announcements.
Thanks guys, that’s impressive but realistic in my opinion. I believe that the year end expectation has been factored into the current price but all eyes on next years numbers when the results are out next week. I wonder if the BOD is considering a full listing as opposed to AIM? Given their history of making first class acquisitions they could become of interest to more institutions who only invest in the Official List.
Unofficially they are already in it at around number 75. Asos are top with a market cap of £5.3B and The Pebble Group hold number 100 spot with £132M.
Volex MC today is £295K. I am not sure ho often the AIM FTSE 100 is updated but if progress is maintained only a matter of time before they are added.
I find it interesting that the SP often rises when more shares sold than bought in a day and visa versa. I understand it is a question of balancing the brokers books but feel that, with this share in particular, they hold the price steady in perhaps more than anticipation of a very large market order.
Currently this is a similar scenario to the last reported buy by a company director and bodes well to see £2 crushed this week.
Car sales reportedly on the floor so expect more manufacturers switching production to electric vehicles requiring Volex cables. All divisions of the Company were doing well at the time of the last update so no reason to assume business has declined since then with GDP recovering throughout the world.
Pinky: Would not be surprised if staff and directors are still buying. Also possibility that some of the tipsters have started to follow. Still much more to come IMHO as medical and automotive markets for electric vehicles are surging. I rate Volex very highly as a superbly managed company with a high degree of foresight. Covid hit them hard at their manufacturing plants in China but judging from the frequent updates they have overcome this exceedingly well. Of course there might also be some supposition about a takeover but I sincerely hope not as we are only at the beginning of the good times ahead.
As per today’s RNS the CFO has nailed his colours to the mast with a £75k share purchase.
Technology companies in the US are doing well especially Tesla so VLX share price is beginning to reflect the Company’s excellent management through uncertain times.