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Real-Time news about Azure Dyn (London Stock Exchange): 0 recent articles
|david77: I am surprised to see the share price this low. They claim that their vehicles have done over 25 million miles and they show good fuel economy and CO2 emission figs. I won't look further into this as an investment 'cos it is listed on a 'recognised exchange' so subject to full CGT. I try to find shares on AIM that qualify for business assets relief - but otherwise I would be interested.
Sounds as tho it ought to work out - but so did Biofuels BFC at one time - I now reckon that they will go bust anytime.|
|masurenguy: That press release was issued 2 months ago so what relevance does it have to the continued decline in the share price ?|
|dunluce: Not sure what is happening here either but small volumes are driving down the share price. Today all sells so far but amounting to less than £12,000 so far.The Ford deal does mean an increase in scale for Azure (hopefully they can rise to the challenge) but may also mean further fund raising. Still the battering the share price has taken seems harsh. Hopefully the next RNS may provide some clarity?|
|masurenguy: Whats up with this stock ?
They shot up from the low 30's to the mid 40's early in October after the Ford deal was announced but since then the share price has drifted back down and is now some 10% lower than it was prior to the Ford announcement.
Can anyone figure out what is going on here ?|
|cestnous: This from investors chronicle on line. (Today)
It's amazing what stories smaller company managers can come up with to get their stock noticed. For instance, Cam Deacon, chief executive of Canadian hybrid vehicle technology company Azure Dynamics, is touting the prime minister's asthma as a bull point.
The theory goes like this. There were 36 smog alert days in Toronto last year, and on such days, asthmatics like Canada's new prime minister Stephen Harper have to stay indoors (the government is based in Ottawa, not Toronto, but never mind...). Mr Deacon hopes that Mr Harper will push green technology to reduce the pollution that causes such asthma curfews.
Luckily this does not form part of Azure's business plan, which instead focuses, rather bizarrely for a Canadian company, on being American. Azure has qualified for 'buy America' status which means any US company buying its energy efficient vehicles qualifies for an 80 per cent grant towards the cost.
Even more surprising is that fact that those legendary gas-guzzlers south of the border are more switched on to renewable energy than their supposedly tree-hugging neighbours. Some 198 US cities have signed up to the Kyoto Protocol, even though the Federal government hasn't, and are actively pursuing cleaner air policies.
Isn't this like loony left councils in the UK declaring themselves 'nuclear free'? Not according to Mr Deacon, who points to the hybrid vehicles Azure already has on the road. Some are pure electric vehicles, with technology that recharges the batteries through 'regenerative braking' during use, and some are larger electric-combustion engine hybrids.
It's also pushing hard into markets where vehicles make predominantly short, stop-start journeys, such as mail delivery, taxis and airport services. The US military is taking an interest too. Fighting vehicles these days are packed with electrical gizmos that need power, and the Army likes the idea of not having to cart fuel for its vehicles around war zones.
The shop window is impressive, then. But 2006 is a key year. Will anybody order anything in large volumes? If they do, momentum will build quickly. A 20 per cent rise in Azure's share price since the start of the month suggests investors have faith, with or without the 'asthma angle.'
SmallTalk is a new blog written by our team of smaller company reporters, who meet hundreds of company managers each year. Watch out for more contributions|
|arnoldlane: Azure Dynamics has just over 141 million shares in issue, giving a market value of £63.5m.
A Canadian broker is forecasting sales of C$20m in 2005, C$122m in 2006 and C$363m in 2007. These equate to about £9m, £53m and £160m. Earnings per share is forecast to be 33c or about 14.5p in 2007, the first year of profits.
Clearly there are a number of challenges in getting market adoption, but it can be seen from these figures that if Azure deliver on its potential, the upside is substantial. If 14.5p is achievable in 2007 (you'll know before then if it is not!), then a share price of about 300p would be appropriate, giving a greater than 500% return against the current price.
I should add that the Canadian broker has a target of C$2.20 for the shares which is about 97p.
I hope this helps.
|dwelshmafia: felloe adc share holder take look at bpd bulgarian property it a gem.|
Azure Dyn share price data is direct from the London Stock Exchange