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WHI Flash Light: DG Innovate
Under the Markets in Financial Instruments Directive II ("MiFID Il"), and in accordance with the Financial Conduct Authority's Conduct of Business Sourcebook COBS 2.3A.19 R (5) (b), this research is deemed an acceptable minor non-monetary benefit, as it is paid for by the subject issuer as declared in the disclosure and disclaimer pages of this document.
DG Innovate (DI) - Corporate - Potential new business streams opening up rapidly following arrival of new team
Market Cap £23.0m Share Price 0.22p (prev. close)
This morning's announcement from DGI suggests there is strong momentum at the company now following the arrival of three senior and highly experienced executives in the
EV space combined with last month's £2.4m fundraise which materially strengthened the company's funding position. The new agreement announced this morning will see DGI work with its partner to apply its Pareta® system technology in a new way, resulting in leading performance systems for heavy goods vehicles. DGI has developed novel and innovative technologies focusing on motor and drive technology which is high-power, efficient, cost-effective and robust.
The fully funded development phase, expected to
generate prototypes during the course of H1 will be followed by on-vehicle trials as early as
H2-24, so further encouraging newsflow should be expected during the course of the year.
This morning's news follows on from the announcement of a new incoming senior management team in mid-December.
This was in itself a major validation of the
company's technology in our opinion, in view of the new team's extensive experience in the sector / EV market, each having held senior roles within Tesla. Having developed its novel electric vehicle drivetrain and battery material technology over a number of years, the market-leading performance of DGI's systems has attracted interest from a range of customers and it would appear that potential of the company's technology, which benefits from pioneering design and excellent safety and efficiency characteristics, is now coming to fruition.
WHI View: The announcement today looks like a further affirmation of DGI's readiness to bring its innovative technologies to the market in the near term, while, under new leadership, pursuing the many and broad opportunities which exist. We continue to see upside in the shares, underpinned by the size of the market and improving commercial opportunities.
Following the indications about further market opportunities highlighted
today, our DCF-based fair value now stands at 57p (was: 50p) but again we see further potential upside as the new team develops its strategy further, and with a platform now in place creating space for new opportunities and further partnerships.
Nick Spoliar
Analyst
nick.spoliar@whirelandcm.com
0207 220 1761
Charlie Cullen
Analyst
charlie.cullen@whirelandcm.com
0207 220 1674
Company / Issuer Disclosures
Company Name
Date
DG Innov
https://www.***************************/dg-innovate-a-very-significant-validation-of-the-company%e2%80%99s-technology-say-wh-ireland/4121139857
https://www.***************************/dg-innovate-a-very-significant-validation-of-the-company%e2%80%99s-technology-say-wh-ireland/4121139857
try this link
staylong
https://www.***************************/dg-innovate-a-very-significant-validation-of-the-company%e2%80%99s-technology-say-wh-ireland/4121139857
staylong
@ Scratch Golfer. Definitely a possibility. I’ve always liked the retro fit potential. Look, there are so many avenues to go down. With the calibre of these guys and the connections that they have I’m pretty sure that they will steer the company in the most effective way.
I’m pleased that I’m in a position to hold as many shares as I have. I won’t lie to you , I’m very excited.
StayLong
Retrofit opportunity
Representing a potentially much quicker route to market, DGI’s drive technology is well-
suited to retrofit applications, where its high power:weight and power:volume make
retrofitting far more feasible. With the retrofitting route offering a cost-effective route to
electrify existing fleets with substantial sunk capital, there are a number of notable
initiatives ongoing, which together make up a sizeable market opportunity – we note the
Indian government’s commitment to spend $7bn on electric buses over the next 10 years.
Https://acrobat.adobe.com/id/urn:aaid:sc:EU:11ed032c-3836-46c3-a4dd-e1f04bd264d1
I’m not sure anyone in their right mind would attempt to short this stock. Next week should be very exciting. I think we will see this climb fairly rapidly towards .5
Unbelievable that you can still buy around .2. Imo anything under .5 is still very cheap considering what we have here.
StayLong.
@oldslow65. Thank you for your excellent informative posts. This really is an exciting company to have shares in. It’s all becoming very clear why the Tesla trio have picked DG Innovate to build a huge business.
StayLong
Commenting, Peter Bardenfleth-Hansen, incoming CEO of DG Innovate, said: "The technology the DGI team has developed is exceptional. Jochen, Christian and I have spent a collective 90 years in this industry, and in the last few years have looked at hundreds of different technologies to invest in and commit to across the globe - DGI's technology was the standout. We look forward to working with the DGI team, and alongside investment from leading investors we have the opportunity to leverage DGI's technology and build a scaled business focused on green technology."
Not just words. These guys are foot to the floor.
StayLong
Great post Mister Green 👍👏👏.
Says it all. I’ve seen the technology and the team first hand. Martin Broughtwood is a genius. Way ahead of the competition. Just needed funding and a management team that could take it to fruition.
It’s now all in place. HOLD ON TO THOSE SHARES. This is going to be the share of the decade
StayLong
As mentioned before, it’s definitely a good thing that they have sold now rather than further down the line. Slowly but surely the share is starting to be occupied by investors that see the long term potential. I have an extremely large holding and have no intentions whatsoever of letting any go
StayLong
I personally believe that over the past week or so we have had one possible two big sellers reducing their holdings. For what reason I’m not sure , could be just limiting their exposure. I would say that they have probably sold over £500,000’s worth of stock. No doubt in my mind had this not happened the SP would be at least double where we are now. If I’m right and the seller has finished the price should now move upwards very easily.
StayLong