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Energetix Share Discussion Threads
Showing 501 to 525 of 525 messages
|They may be called FLOW now.|
|Have they gone bust??|
|Interestingly I was emailed on Friday to offer me one of the 100 trial boilers! Sadly my home heating system does not qualify, due to not being the right type. Same with here.|
|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.|
|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?
|I'm not eligible because I have a combi boiler.|
|No, it isn't shareholders, it's because I registered an interest in their boiler on their website a few months ago. If you are interested, just visit the address below to complete the survey, but you will have to be quick!
|As it happens, I'm looking for a new boiler. Are all shareholders eligible?|
|Interestingly I was emailed on Friday to offer me one of the 100 trial boilers! Sadly my home heating system does not qualify, due to not being the right type...|
|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?...|
|36k customers achieved though is pretty good in a short space of time. If they keep up the same rate they will be at 100k soon enough. But as we don't know what their profit margin is, it's hard to say whether this cashflow will be enough to avoid the need for a substantial further placing?NAI|
|The Group now intends to manufacture 100 Flow microCHP production units for domestic installation during the winter, under a pilot programme to validate the reliability of the volume production unit.
Bloody more test,more delays and more cash needed before this goes live. Looking at 12 months or more IMO.|
|The key thing I have no idea about is the profit margin they are making on the energy customers...|
|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.
|Five MMs on the bid and one on the offer. Perhaps we have our new price.|
|500,000 of buys this afternoon is nothing to be sniffed at.|
|Both Aviva and Henderson have been supporting EGX.|
|ORA nearly out altogether. This investment has cost them a lot money I would think.|
|Bought a few today. mCHP is a tricky technology to get right, but EGX are getting quite close now. I would have no trouble using the electricity generated.
An institution or two not happy though!|
|I've just added a few more - showing as a sell.|
|david77. I agree with you. As long as there is no safety issues then the boiler should be rolled out in greater volume. Even if it does not perform as they expected it to these things could be sorted out later.
BT did this. After the 700 was phased out all the new electronic phones were tested in the field. If they got a 10% fail rate they just changed the spec a little. 5% they just changed the faulty phone without a total product recall.|
|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.|
|Very clear that 'some people' knew in advance that there were technical problems and delays...|
|Some hard targets to meet. If he can get 50p a share let a lone £1 then fair play to him.|
|He'll deserve the reward if he can achieve the target share prices.|