Member Info for Strictlyslick

From the company going from a stance of 'we have enough cash to last till January 2015 without sales volumes increasing' to 'we had only £300k cash at the end of June' is frankly a disgusting lie. I for one have now completely lost faith in this company's ability to deliver. Its obsurd that they cannot increase sales volumes significantly despite a year of trying. I'm out.

That's just a quite from an RNS months ago - plenty of time for them to be approved, added to the catalogue and for orders to take place. They have raised funds to pursue growth, when we were previously informed they had sufficient cash till the end of the year. So where it the growth?...

If no substantial news is delivered along with the interims to boost the SP then I am out of here. They may have good products but if after 4-9 months they cant get a decent sale contract then the company is dead. Even the mass blackout in cairo where our product worked just as it should hasn't stimulated a Contract. Who on earth is our sales rep, as they should be swiftly removed...

So, if blackouts are common (not on that scale) in Cairo as there is not enough supply - the government caries out daily rolling blackouts to keep demand down. This means that those telecoms back up powers are vital. So surely it is clear that there is a demand for our product, so why still no Contract....

Makes you wonder why the news was deemed RNS worthy - there will have been numerous blackouts over the past year with the system being relied upon - perhaps it is a hint at the manner in which the customer informed the company. Would hope to see a order finally negotiated before the end of the month. Also don't forget that other orders will have been placed in the meantime for smaller units - fine the company releases RNS's when there are orders of more that 5-10 at once, but if you recall from previous updates, they clearly don't put out news for every sale they make. They will be reporting significant revenue growth and a wide ing of losses in the interims, but if they can show constant strong growth in sales, a path to profit will be clear. The bonus, and security, will be the big contract. I'm just annoyed with them saying for months that it's 'under negotiation'

Well there will be at least one update this month in line with the interims which are to be released before the 30th if in the spirit of previous years. Hopefully we'll see an order update before then. Appreicate that numbers are increasing Kaching, and as you know I have been bullish until recently as my patience reaches its limit - with capacity of 40 per month, seeing Mfield order 15 only kept the machines running for two weeks. I just hope they can report many individual orders in their update to justify the expenditure made on increasing capacity and staffing. Hopefully Mfield will place a much larger order of over 30 in their next Autumn order - that'll show some confidence. Likewise It will be good to see Heliocentris placing larger orders in alignment with the Contract we have with them. I suppose bearing in mind they are committing to 500 units in year three which commences in Feb, the incrase in capactiy was required regardless.

Yes, one order of significant size would be great - its been a further month of negotiations and nothing has happened. Becoming a bit of a joke now...

That even I am starting to get tired of this 'Jam tomorrow' talk by the company. Negotiations with major contractors have been ongoing for months now and every RNS we get seems to say the same thing 'e're talking to the big guys but nothing is happening yet' It should not take this long to move from 'We are impressed with the evaluation' to 'we'll have another 100'. The only question should be regarding price, and if the company sold all ACTA Powers as the market value in the first place it should only be a case of negotiating any bulk discounts to be applied. As long sas the company is making a profit on the contract then all should be good to go. The Last RNS confirmed:- Live site evaluation successfully concluded at a major international mobile phone operator's base station in Egypt, with functionality and performance exceeding the customer's specifications. Further negotiations in progress for a larger number of systems to be deployed in the area AND Live site evaluation successfully concluded with one of the largest mobile phone operators in the Philippines, with negotiations in progress for a larger deployment of Acta Power systems for remote back-up power. BOTH OF THESE WERE CONCLUDED IN JUNE - its been two monts of negotiations (at least) and no further news...

You may want to look at this paragrpah though... The net proceeds of the Placing will be utilised to finance the Company's strategic developments together with the anticipated growth of the Company beyond the current financial year as commercial deployments accelerate and repeat orders continue to expand through larger deployments with major telecommunication companies. Key words being beyond the current financial year. We all knew a further placing would occur. I myslf am shocked that it has been done at a share price low. But it may well be that larger companies refused to place rders until ACTA strengthened its cash position. Seeing as only a few months ago the company reported that it had sufficient cash to last till January, I think this a fair assumption. I therefore think that a half decent order cant be more than a month away. Of course as management signed up to shares at the larger of the placing price or SP in the future, they must be confident in growth.

Well each product has a diffeent unit price. the last time we were given an average (H113 result sif a recall correctly) it was 5500 euros on average for each unit sold. However, the 3rd year of the agreement only commits Heliocentris to 500 units - not a specified value (so they could order small units only). Year 4 however commits them to 1.5m euros in value. If that were spread over 500 units it would be 3000 euros per unit. So for year 4 I would assume we're looking at low value units of 1000-2000 per unit i.e. revenue of 500k-1m One could fairly assume that the scale up will only increase, onto 2-3m for year 5 and so on and so forth.

On the agreement with Heliocentris. http://www.investegate.co.uk/acta-s-p-a---acta-/rns/agreement-with-heliocentris/201202280700302285Y/ On the 28th February 2015 we will be into year three, meaning that Heliocentris will be purchasing at least 500 units from us, increasing revenues significatly. It would be interesting to now what happened with this agreement http://www.investegate.co.uk/acta-s-p-a---acta-/rns/letter-of-intent-signed-with-horizon/201201050700140212V/ as we heard nothing about it afterwards. Also with regard to the oxygen/hydrogen wielding equipment. http://www.investegate.co.uk/acta-s-p-a---acta-/rns/re--oxygen-hydrogen-gas-welding-system/201201190700168082V/ - this RNS implies that the agrement is ongoing - which would of cours ebe great - but we havent had any update since then (early 2013). Then theres the Exclusive supply agreement selling upto 100,000 units per annum - would be good to know what happened here. http://www.investegate.co.uk/acta-s-p-a---acta-/rns/exclusive-supply-agreement/201205080700498224C/ as we heard nothing since. We have seen our agreements with Mfield, SEFCA, Heliocentris and AFPCT bearing small amounts of fruit - would be good to know whats happeneing with the others. That and to get some new big contracts in - the agreement with Danthern looks interesting and promising but would result in revenues until 2015, seeing as the product wont be deployed for evaluation until September, and evaluation will be 9 months or so going by past examples. One contract of 50 units or more will see the share price take off - so what on earth is happening in turning those promises into orders.

A Case study on the 80 scooter fleet from APFCT is mentioend here http://www.fuelcells.org/pdfs/TaiwanScooterCaseStudy.pdf The Case study can be found here.http://www.fuelcellinsider.org/?p=2084. It makes for an interesting read. Generally positive but it does point out that each scooter had 5-10 problems over the year. Steps are being taken to iron out these kinks and to make the bikes a little bigger and to get the unit price down. No indication is given with regard to time frames however, so we cant tell when we'll see them be commercially ready, and ready to purchase more of our products.

There really is no activity on this BB is there - has everyone just gone and jumped ship? Woud love to know why there are so many piddly trades going through...

Stop dragging your feet and get some more significant orders in! We're running out of 2014, and running out of cash!

An interesting read, but a bit more beefed up than is perhaps warranted - I note Sure distributes to the Isle of Man and Channel Islands and not the mainland uk, so exposure is limited. I also have always had issues with this kind of recharge solution as the tag price is so high at present. It's saying that you can pay £150 to charge your phone...I can just borrow a charger as its very rare that I'm not near a plug socket. Appeal is there for campers, orienteering etc and may be great for markets in 'vaster' countries - can't see it taking off here though until that tag price drops. Particularly as a solar powered USB charger is £10-£77 (based on power output). Having said that, distribution is distribution and a positive for the Company. We need a few more distributors and orders to see us start lifting off. Without large orders we're looking at Revenue being maybe less than £1m, which means a fundraising come January. One big order will see that risk dissipate and our price rise.

Since Friday afternoon - shares are like watching paint dry sometimes! C'mon ACTA, show some life!

Well here's an interesting point, page 58 and 59 of their prospectus lists their competition in the telecommunication sector. Of those 5 companies 4 of them are not 'commercially viable' I.e. in the dev phase. ACTA is not mentioned and our product is at the commercial scale up phase now is it not. Likewise no other companies that we are familiar with are mentioned - nothing on Mfield, Heliocentris or Ballard. The outgoings of the company are 26m per Annum at present - indicating they are trying to punch heavily into the market. If they have similar issues as us I.e. teleco's wanting to do small scale testing first, they they are going to suffer cash flow problems in the mid term if the cash burn stays high. They have raised around £48m, enough for 21 months at existing cash burn rates. It will be interesting to see if they can work their magic by then bearing in mind the actual competition worldwide that could permeate the Indian market (their primary target). Their revenues for the past year have been 6m, so they obviously do have customers, but cost of sales is over 4m, and admin costs are 22m - needs a lot more to be successful. Look at our accounts in comparison and we need only a small scale up to break even and turn a profit :-)

Bounced back from the -28% open. Lets hope for a nice swift increase to above 5.0p again, get mew back into profit territory :-)

Its not something that can really be called as it depends on the circumstances at the time. If the company continues to grow and delivers on a significant order, I would expect the SP to be higher at more like 12—15p as the tech will be proven. Several larger orders will push us into one of the first profit making fuel cell co’s (compared to ones such as ITM) and I would expect a complete rerate at significantly higher levels (compare us to the US sector for example, a rerate to 40-50p would not be unrealistic). If we do not get these contracts but see continued revenue growth, then the sp may settle around the 7p mark by the time more funds are required. If revenue growth does not occur and we only keep up with last year, then you’re looking at 3-4p. I consider this unlikely. As I said in my last post, I already expect to see in excess of 1m in revenues this year, and without large Contracts would still expect over 2m next year. If the trials have been successful and larger valuations are under negotiation, there is no reason why we couldn’t see at least two large Contracts this year. We have all been very patient to date, but the timeframes thus far are not really unreasonable – new techs take time to be picked up after all.

They have sufficient capital (based on sales volumes occurring at the time of the last placing) to run until January 2015 assuming no increase in sales. Sales volumes are indeed increasing so I would presently poise their cashflow position as self sustaining until March/April 2015 at present. One significant order should see us at break even point, and 2 significant orders will push us into profit. I would personally expect to maybe not see orders of 150 plus, but certainly in the region of 50-100 for larger evaluations. MField ordered twice as many units in their latest order as their business gains traction. Would be fair to assume the next drawdown will be for 20 units plus. Heliocentris have to order at least 500 units next year (1.5m euros worth in the following year) so I expect their final order volume for this year to be at least 100 units. This in itself will generate revenues of 500K. Add on to that the other orders (Mfield for example, 14 units recently, and a further 20 or so in the autumn, plus the ACTa Power Sales so far and I think we’re already looking at revenues of excess of 1m (euros) for this year without a significant contract. This will not be enough to turn a profit however and we’ll see losses this year in excess of 2m in my opinion. Of course, one contract of 100 units of the ACTA Power will produce at least 3m euros at the lowest end of the price. and push us towards breakeven. The ACTA Power sells for 30k – 70k depending on setup, and I’m sure the teleco’s will want a full solution and therefore look to the higher end. So, if we get two orders of 100 by years end at a mid price of 55k….well, that’s 11m revenue, with profit margins high enough for us to make some profit 