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No change imo if cpx don't win the court case, business as usual, royalty and licence pymnts are not included in the figures below, revenue up, business up , etc ...so small downside rik as stated and massive upside if court backs infingement again, as royalties, licences and compensation for Maxwell will all be heading CPX way, transformational indeed ;-)

What we have so far...as of Feb 2022....

Total revenue up 14% on corresponding half-year
· Product sales up 40% driven by DMF/DMT product lines and IoT markets
· Sales order book at 31/12/21 more than 40% higher than 31/12/20
· Sales pipeline now in excess of US$50 million p.a. Interest from global multinational companies increasing, especially for DMH, DMF and DMT products
· Performance and output of Seven Hills production increased significantly. GM% greater than 50%

·· CAP-XX is vigorously pursuing Maxwell for patent infringement and AVX for breach of patent licence agreement
· Cash reserves as at 31 December 2021 were A$5.1 million

.. continued strong sales demand, Product sales at A$2.4 million are up 40% on the corresponding period last year (A$1.7 million) and the order book at the end of December 2021 was more than 40% higher than at the same time last year. Pleasingly, the growth in the order book continues to be well spread, coming from all geographic regions and from different Internet of things ("IoT") related market segments

Sales for automotive accessories, electronic locks and battery-less energy harvesting products have been particularly strong. Around 30 customers moved into production from the design win stage, and several other customers have designed CAP-XX products into a second or third product, broadening our sales base. At the same time, the Company achieved several new design wins in industrial, wearables, consumer, medical, and automotive products.

Of particular importance, the Company is seeing increasing interest in its products from global multinational companies. The Company has notably achieved a design win with Continental, a global Tier-1 automotive component supplier, and has signed a supply agreement ..

Board believes that demand for both non-cellular and cellular IoT devices will continue to grow rapidly. This is reflected by the Company's sales pipeline now growing to in excess of US$50 million per annum. This pipeline has been growing rapidly and the rate of design wins has been accelerating.
Production at Seven Hills continues to improve to plan. Gross margins for products made at Seven Hills now exceed 50% (FY 2021: 37%) and are expected to increase further...
The Company expects several new products to eventually be launched on the back of these combined efforts, including an even thinner and cheaper supercapacitor and large supercapacitor modules.

The Board is confident that the growth of sales for IoT devices and the new Seven Hills production lines will transform the Company's revenue position with a consequential benefit to cash flow and the cash position of the Company.

a lot of 'travelling' on that journey between now and October ;-)

Friday court update appears to confirm what was stated in the results rns a couple of weeks ago -

''CAP-XX continues to vigorously pursue its patent infringement action against Maxwell Technologies, now a wholly owned subsidiary of Tesla Inc. and other companies. The same Delaware court which ruled in favour of CAP-XX against Ioxus is also hearing the case against Maxwell Technologies and has issued a timetable for resolution of this matter. Efforts at mediation have so far been unsuccessful and the Company is preparing for a trial date starting in October 2022. The Board remains optimistic of the Company's prospects in this matter. ''

As has been stated before it is rare for a case to go to trial as Dispute resolution is often a better route for all parties. The option of an agreement will still be on the table up to the court date and both parties will try to see who blinks first imo...from my understanding a court case often favours the infringed (cpx), we've been here before in the same court and dependng on the sums involved, Maxwell , a subsiduary of Tesla , will have some serious thinking to do....Cpx mcap at 5.5p is just 28million quid.
Would it be better business for Maxwell to consider an offer for CPX, taking a competitor out of the market and securing all CPX's new contracts, products and production line, etc ?......a lot of moving parts and an interesting few months ahead....both brokers put 13p-15p on current sum of parts valuation, that currently excludes a court win, so a value gap on known knowns and could be substantially greater if the pieces fall into place :-)

Last Friday was a grim day for households and businesses across the UK. Energy prices surged and more increases are all too likely over the coming months.

Ceres Power makes fuel cells that deliver heat and power, using about 30 per cent less fuel than conventional gas and electricity sources.

This bold British business, with its headquarters in Horsham, West Sussex, has formed partnerships with some of the biggest companies in the world, such as Bosch in Germany and Doosan in South Korea, so they can work together, advance the Ceres technology and put it to use.
Midas recommended Ceres in 2019, when the shares were £1.75. The stock has since soared to £7.45 and there is plenty more to come.
The company is at the vanguard of fuel cell technology – developing individual cells that can be installed in homes, offices, huge warehouses and even at sea. Currently run on natural gas, these cells are highly efficient because they deliver energy at source, rather than relying on the grid, and they produce power and heat.

Ceres chief executive Phil Caldwell is also developing a way to produce 'green' hydrogen from his fuel cells. Created with wind and solar power, this could transform power usage for heavy industry and ships. Importantly too, Ceres fuel cells can be powered with gas or hydrogen, so customers can install them now and go green as the technology matures. Caldwell has deliberately adopted a partnership model, licensing his technology to deep-pocketed partners so they can make and operate the fuel cells, paying Ceres along the way.

The cells are already being trialled on buses in China and offices in Japan. Bosch is building around 100 fuel cell power plants across Germany, Doosan is developing a marine system and discussions are under way with potential partners here and overseas.

Revenues rose 44 per cent to £31.7million in 2021 and analysts expect further large increases this year and beyond, hitting £72million by 2025......

Three years ago, Ceres was valued at £265million and employed around 150 people. Today, there are more than 500 highly skilled staff on board, the group is valued at almost £1.5billion and a move from Aim to the main market is expected later this year......

https://www.dailymail.co.uk/money/investing/article-10678993/MIDAS-SHARE-TIPS-UPDATE-Fuel-cell-firm-Ceres-powers-ahead.html

Broker note reminder ...broker note out 1460p target - the need for alternative energy puts #CWR in prime position as they partner with Blue Chips like Bosch etc..... no mucking about with their target price (fund raise 2021 was at 1000p) ..target 1460p

https://twitter.com/surprised_trade/status/1504518554695122950

Liberum comments..
''Ceres Power is one our favourites in the fuel cell and hydrogen space for a variety of reasons. It is the only listed player which is licensing rather than manufacturing, resulting in higher gross margins and higher cashflow potential. Unlike some peers it is a play on both distributed power (fuel cells) and hydrogen production and has an edge in both areas – fuel flexibility in fuel to power, energy efficiency in power to fuel. Most importantly it has secured licenses with three well-funded partners who have gigascale ambitions.....''.

https://*********************/companies/uk/electrical-and-electronic-equipment/ceres-power-holdings-plc/research/liberum/liberum-ceres-power-two-bites-of-the-cherry/1_a79dd7d9-9a47-4455-bafc-026ca6c3b714

Thanks for your comments Invfun, as stated risk v reward for a company on the verge of transforming from AIm tiddler to main player, own manufacturing lines, develop and make their own products, have income and no cash needs is the ideal AIm investment for me, the fall back from 10p due to covid, supply chains etc is all starting to be behind us and business is getting back on track...a lot to like, there's no reward without a little risk and imo at currnt 5p+, based on what we know , that risk is indeed small, whereas the upside (13p+, we've been there before when not in such financial good state) does appear larger and within reach.....all this is excluding the Maxwell case, add that in for a win and it's anyone guess where the upside will land :-)

Kape gets another mention tonight in IC -
'Seeking out companies in consolidating sectors can reap hefty rewards. Cybersecurity software provider Kape Technologies ( KAPE: 390p) being a case in point. Buoyed by a combination of organic growth and well-timed earnings accretive acquisitions that continue to deliver revenue and up-selling opportunities, ... I remain positive on the investment case (‘Profit from cyber security’, 22 March 2022), especially as analysts at Progressive Equity Research predict cumulative operating cash flow of $400mn (£305mn) (87p a share) will slash net debt to $39mn by the end of 2023, thus transferring the economic value held in the entity from debt to equity holders.'
500p+ target

https://fuelcellsworks.com/news/macquarie-group-confirms-plans-for-more-than-12-billion-of-sustainable-infrastructure-investment-across-the-uk-that-includes-hydrogen/

Battery storage, distribution netwoks and hydrogen hubs etc.

https://www.h2-view.com/story/hydrogen-europe-unveils-lighthouse-initiative-to-support-large-scale-hydrogen-deployment-in-the-eu/

Hydrogen Europe has unveiled today (March 30) during a webinar a new initiative designed to help develop large-scale green hydrogen projects across the EU.

Created in correlation with the European Commission’s REPowerEU, the Lighthouseinitiative has identified several key projects across the EU that could enhance the hydrogen ecosystem on the continent.

Hosting the event and unveiling the new project, Jorgo Chatzimarkakis, CEO of Hydrogen Europe, explained, “The big rationale is to accelerate the deployment of Integrated Projects and you will see some examples today

Morning O_I, as you are aware I remain very positive on the CPX outlook, have done for some years (!) and to be fair even though progress has taken longer than anyone imagined we finally appear to have all the pieces falling into place....As we know both both brokers now clearly state 'sum of parts value' closer to 200 percent higher than todays sp 13p+ and importantly this does not take into account or include any potential upside from a win against the Maxwell infringement, that would no doubt shoot the sp into orbit..
The current sp level appears to have built in the discount for the Maxwell case, caution understandable and therefore leaves a potential larger upside if the case follows the previous ones on infringement for the same products, in the same court, and is awarded to CPX.

Maxwell case aside, imo the sp at thses levels also discounts the current increasing order book, the clear (at last) path outlined to profitability - broker note - '' this calendar year will see significant value creation as the company converts more customers and grows sales to a level of sustained profitability'' - .....the current sum of parts valuation also does not include royalties, so again further upside if or when re instated....in addition gross margins now over 50%, product numbers and orders increasing and AK stated last month that the company has 'plenty of cash' when asked and the production lines can still cope with further increased orders.

Cpx is now set to deliver, it's been a volatile journey, sp has jumped from 4p, or even 2p to 15p and 17p at various times. Cpx has never been in such a decent position, they now own their own manufacturing line, have secured a Tier1 auto (Continental) and have established themselves as a genuine global producer with real products and income.

An Aim company operating as such and valued at just £27m mcap is an attractive investment down here imo (hence I added a few more a couple of weeks ago to my already substantial holding)...as was stated a few days ago there are few companies with such a low mcap/sp with such global reach and opportunity imo.....the risk is re the Maxwell case, however, that risk is priced in imo at these lows, without the 'win' CPX still has a business that is delivering, earning and growing and realistically should have an sp above 10p+ on current knowns as stated by both brokers etc.....throw in an infringement win, as per previous cases and 10p will be in the rear view mirror...............at current sp imo there is a small downside risk, as in any stock,however, against that is a much larger risk to the upside imo ;-)

Hi Overdraft, just spotted your post, happy to oblige, specifically what area /aspects in the many moving parts of CPX or just a general view ?

added a few myself :-)

ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, announces the intention to return approximately £2.5 million to shareholders.



Subject to shareholder approval at a General Meeting to be held prior to 30 June 2022, the Company intends to return an amount to shareholders in July 2022 of the Australian Dollar equivalent of approximately £2.5 million, consisting of a return of share capital of approximately £2.125 million in Australian Dollar equivalent by way of a capital reduction and an unfranked dividend of approximately £0.375 million in Australian Dollar equivalent.

ThinkSmart continues to hold a position of 618,750 shares in Block, Inc (NYSE: SQ) ("Block") which based on a closing price of US$138.12 on 28 March 2022 and 1.31 USD: 1 GBP is currently valued at £65.2m equivalent to 61 pence per TSL share

Funds are building stakes in NET...Investec Wealth & Investment Limited now 10%+ following Gresham House who have taken 24%+.....clearly these guys see upside ahead too :-)

Good of you to take the time to post your negative take on a number of stocksyesterday Porche, always good to have a variety of takes...buying at lows is always best if we can find the bottom, however, it's a tough ask to call tops and bottoms. Many ways to invest in mkts and bottom feeding is one tactic and I would suggest as the current sp is close to where it was in Feb 21 with lockdowns etc and now we are on the verge of longer day, warmer weather and folk looking to get out, have breaks, attend events, meet friends and generally move on from the past two years..

Here's the views from some guys involved in mkts that have a very positive view on WTB ..
Share price forecast
The 19 analysts offering 12 month price targets for Whitbread plc have a median target of 3770 with a high estimate of 4000

https://markets.ft.com/data/equities/tearsheet/forecasts?s=wtb:lse

https://twitter.com/surprised_trade/status/1506378403821277189

Block gets a 'conservative 'upgrade tonight to $190 ..(Block at $100.62 values TSL @ 50p ) ..Block sp = $141 today.... value gap and growing.

https://seekingalpha.com/news/3816031-block-price-target-raised-to-190-at-mizuho-on-teens-use-of-cash-app

Block (NYSE:SQ) stock is rising ~6% in early Tuesday trading after Mizuho Americas analyst Dan Dolev boosted his price target on the fintech to $190 from $180 due to Cash App gaining traction with teenagers.
Mizuho's survey of more than 200 parents with teenagers "found that Cash App is rapidly emerging as a leading financial app for teenagers, potentially driving several million incremental MAUs (monthly active users) and upside to 2022 Cash App GP (gross profit)," Dolev said.

Interviewed on CNBC Dolev said the initial upgrade to $190 was conservative and he fully expects Block to much bigger and $190 is likely to be just the start .

The average Wall Street rating on Block (SQ) is Buy with an average price target of $181.90.
Previously (Feb. 28), Block (SQ) upgraded to Outperform at BMO on rosy outlook for Cash App, Afterpay

Canaccord...
We note that our Canaccord colleagues, who formerly research Block in the US, have a target price of $210.00 (last note 24th Feb'22) If this were to be achieved it would imply a value for TSL of 98p,

;-)

NT to buy now :-)

:-)