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EGX Energetix

13.75
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Energetix LSE:EGX London Ordinary Share GB00B19H7076 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 13.75 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 13.75 GBX

Energetix (EGX) Latest News

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Energetix (EGX) Discussions and Chat

Energetix Forums and Chat

Date Time Title Posts
18/7/201311:35Energetix - the market's hotting up521
24/7/200318:56Eurasia Gold, (50% Thistle owned) Trades on TSX1

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Energetix (EGX) Most Recent Trades

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Energetix (EGX) Top Chat Posts

Top Posts
Posted at 28/6/2013 07:53 by david77
My boiler (with hot-water cylinder) packed up a year ago and I had a combi boiler installed. Unfortunately, because the boiler is on the north wall and the kitchen sink is on the south side, there is 50ft of pipe between the two, so we wasted 6 pints of cold before we got hot. I have since fitted a header tank and hot-water cylinder near the centre of the building to reduce the wasted water.

I would be happy with an EGX boiler, but I too am surprised to hear that it is a heat-only boiler.
Posted at 27/6/2013 21:13 by cyberbub
Yes same here... I have to say that I was a little concerned to discover that.

I had always understood that the Flow boiler WAS a type of combi boiler. ie. turn your hot tap on... gas fires up in your boiler... instead of just heating your water it also generates a modest amount of electricity as well.

If that's not the case then I have clearly misunderstood how the tech works.

More to the point, virtually all new houses have combis, meanwhile the industry and government subsidies have been promoting combis for years for replacement of older boilers.

If the EGX tech will only work with older 'cistern'/hot water tank type boilers, does that not significantly reduce the market?

NAI
Posted at 24/6/2013 21:43 by cyberbub
I have found some articles suggesting that the 'big boys' make about £100 p.a. in gross profit from each dual fuel customer.

So my estimates for gross profit from post 508 could be doubled...

Obviously difficult to know if the £100 figure applies to EGX, are they able to still make a profit despite being the winners of the price comparison websites, due to their lower overheads? Or are they in fact just covering their costs, and signing people up to be a massive marketing database for the boilers?...
Posted at 12/6/2013 22:20 by cyberbub
I have just done a U-Switch price check based on my own consumption at home, and Flow Energy really has come out cheapest of dozens of suppliers/products, saving around 10% annually. So that's impressive.

My questions about this are: (a) are they cheapest because of some inherent advantage or cost-cutting capacity the other suppliers don't have, or (b) is it a very low margin price they quote, essentially aiming to get people to sign up now and then be converted onto the mCHP boiler in 2014, but contributing very little in net profit until then?

10,000 customers signed up in 6 weeks is impressive, if they could get that up to say 100,000 by EOY (an awful lot of people use the price comparison websites!) how much would that be likely to contribute in cashflow?

100,000 customers X (say... to keep it simple) £1000 a year dual-fuel bill X (??)5% profit margin = £5M gross profits. Minus a small customer service team (Good Energy, another small supplier, have 12 customer service staff) and operating costs, I would think a realistic £2M? So they could be bringing in say £3M in cashflow, which is good, but not enough to offset their cash burn at corporate level.

I would think that they would need say 150K customers before they could start to minimise the need for equity raising.

150K customers would be around 0.5% of UK households. Sounds ambitious, but perhaps not unachievable if they continue to top the very influential online comparison sites?

Any thoughts anyone? Maybe there will be an update on customer numbers before the AGM, if they are increasing substantially. If they are up to say 25,000 customers by now then that would be good progress towards a 100K+ customer base.

NAI
Posted at 07/5/2013 09:51 by david77
I had Ceres Power shares several years ago. They offered a shareholder presentation at Crawley. I expected to see a complete boiler but they were just testing their fuel cell modules. They were a long way off production and I sold around the price I had paid - about £3/share. Those shares are now 9.5/9.75p after massive dilution.

I was attracted to EGX as their boiler seemed to use fairly low technology to get the electricity from otherwise wasted heat. The board had said that development was complete, but this latest "The Board has decided to conduct extended testing of the boiler in its production version prior to launching in commercial volume to ensure a high level of reliability" implies that they don't have much confidence in the design.

Many years ago, I was an electronic design engineer and the scariest times were when the Technical Director said "That looks ok, we'll make 100". That's what I would be doing here - making batches of 100 and accepting having to offer prompt help where customers experience problems. They should soon build up a sizeable user base and would then be able to incorporate design mods as required. It may well be worth including extra monitoring equipment with the early machines so that customers would be able to provide useful feedback.
Posted at 02/5/2013 16:04 by david77
He'll deserve the reward if he can achieve the target share prices.
Posted at 24/4/2013 16:43 by rolo7
Ever since they annouced the new manager of flow energy share price has fallen, something has to fill the nuclear power gap uk arent going to build all those nuclear powerstations in years to come surely.
Posted at 18/4/2013 21:53 by rolo7
The flow energy website is up and running and they are taking customers so it would seem and have the lowest tariff in the market fixed to sept 14. Very worrying the share price fall but did at this time time last year. Needs an tech update though.
Posted at 17/10/2012 20:06 by euclid5
Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products, announces that following the completion of yesterday's General Meeting it has granted the following subscription options over its shares to certain of its Directors who have each released all existing share options held by them:





No. of subscription options
Exercise price
Issued share capital of the Company*

Clare Spottiswoode (Executive Chairman)
4,001,087
28p
3%

Peter Richardson (Chief Executive Officer)
4,001,087
28p
3%

Tony Stiff (Commercial Director)
4,001,087
28p
3%

Henry Cialone (Non-Executive Director)
412,500
28p
0.3%




One third of these options will be exercisable on the Company's AIM mid-market share price being maintained at 50 pence or higher for not less than one calendar month; another third will be exercisable on the Company's AIM mid-market share price being maintained at £1 or higher for not less than one calendar month; and the final third will be exercisable on the Company's AIM mid-market share price being maintained at £1.50 or higher for not less than one calendar month.



These options have been granted to Clare Spottiswoode, Peter Richardson and Tony Stiff under the Company's Enterprise Management Incentive Scheme to the extent of the relevant legislative limits and the balance under the Company's Unapproved Share Option Scheme; and the options granted to Henry Cialone have been granted under the Company's Unapproved Share Option Scheme
Posted at 24/7/2012 15:10 by typo56
Vphase could pull this down if we are not careful.

But how much do you suppose the Vphase holding (about £2m worth) is currently contributing towards the EGX share price? Not a lot I suspect.
Energetix share price data is direct from the London Stock Exchange

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