calm today30 Sep 2014 14:08
good to see some consolidation after the decent rises....guess we look forward to some newsflow.
Nice find below on the Flow Batteries....
The real vote of confidence is when the co. can get a proper institutional investor on board - although it typically falls below the radar.
As an example, perhaps if there's a fund of say £50m, for them to put a 1% bet in CCE it's £500k or c8m shares or just over 3% of the company, that would make them around the 5th largest holder....it shows how it's tough to get a new holder on board...in the last month there have been c15m shares traded on AIM & c3m on ISDX...so 18m in total....so unless there was a willing seller, it would be tough to buy up to 8m shares given underlying liquidity.
However, if someone was keen to buy, the stock would be unlikely to fall...
If you're a believer, like the directors who own c4% after increasing in the recent placing....it's a case of not getting tempted to sell & watch the expected newsflow over the coming few months....
REDT milestones (Renewable Energy Dynamics Technology)
2014
– Q3 complete detailed design of the optimised product range
– Q4 commence production of Gigha containerised units and 10 customer production units
– Q4 Jabil manufacturing quality control review
• 2015
– Q1 CE certification and electrical testing
– Q1 deliver first customer production units 5-30kWh systems
– Q2 install Gigha 1.26MWh system
& news on any new business in Africa
some key bits from this article
http://www.lse.co.uk/AllNews.asp?code=1xnylgvm&headline=UPDATE_INTERVIEW_Camco_Grow_Battery_Business_Industry_To_Be_Worth_GBP10_Billion
"The global energy storage industry is to be worth USD10 billion in 2017, a third of that is expected to be vanadium flow battery share," said CEO McGregor.
The company has launched a trial with ten customers - expected to complete early next year - with a 5000 unit pipeline between 2015-2017. "The sales of the batteries is to be fully realised next year, expect a sales announcement soon," said McGregor.
We are not a manufacturer, saving costs through Jabil and 80% of our sales and distribution will be through distributors.
"We competed with 50 companies for the GAP fund. We won due to our logistical advantage from our large footprint created by our offices. It has made this sector very profitable,"
"When we looked at how to develop our three operations, in the US, Africa and the storage business, we expected one to take off and rely on our US operations, but all three took off. We are in a very privileged position," McGregor told Alliance News.