Enova Share Discussion Threads

[m.t.glass] 25/7/2007 12:21

LONDON (Thomson Financial) - Enova Systems Inc said it plans to raise about 5.8 mln stg before expenses through a placing of 2.2 mln new shares at 260 pence each to fund the next phase of its growth.

The company, which develops electric, hybrid and fuel cell digital power management systems, also said it is in talks with several parties that may result in further development, production contracts and revenues during 2007 and beyond.

Enova said its business outlook is improving and that it has taken several strides towards sustainable revenue as it shifts its focus from research and development to production contracts

[debbiegee] 04/7/2007 14:53

does anybody have any idea why this stock that hardly ever trades and is difficult to buy is in auction nearly everyday?

[debbiegee] 28/6/2007 22:48

Hi there trustman,I have not been able to find any rhyme or reason as to how these are linked.I only know that after the 2 positive rnss ena was up about 22 % not passed over.It was mentioned on the iii boards that envs has acondition that Americans cant buy envs but read somewhere that was only for a year[starting sometime last year]I have looked into env and ena websites but found no investor section.I have followed charts threads and rnss backwards and noted asparks postings that ena had gained and that therefore we were due a rise and it seems the rise followed a few days later although that also coincided with 3 insti buys so none wiser.All in all very frustrating. A phone call or an email to the co would probably be the only way to find out.
I had kinda hoped that tan maybe interested in aquiring env especially after seeing env in au 3 afternoons this wk.I bought into envs because of the smaller spread.2 good rns have only moved it app 3% even though there was a 30k buy which is a huge buy comparitvely for envs.Have not found anything significant in the holdings notices but heard reports on the boards that peeps tried to buy and were unable to.Sorry I cant be more helpfull but will try to mail or phone co .

[trustman] 27/6/2007 18:09

Deb.....when are two classes fungible?

[debbiegee] 27/6/2007 18:05

MMMMMMMMM holding TAN and ENVS has anybody got any ideas for a better aquisition for TAN than ENV?

[debbiegee] 26/6/2007 16:02

2nd afternoon in AU?

[debbiegee] 25/6/2007 15:07

although apparently nothing happening and no trades yet showing env is in aution,there must be some background interest?

[debbiegee] 21/6/2007 18:13

note the 10k buy envs shown after hrs and ena is now nearly 15%up making an easy 20% rise in 2 days.Will be interesting to see where we open tomorrow ?
edited 19.30 ena now up 17% nearly 25% rise in 2 days !

[debbiegee] 21/6/2007 15:46

amex:ena 5% up yesterday 12.7% up today!

[debbiegee] 21/6/2007 11:12

just 1 sale env,probably somebody completely peed off that even with news 2 days in a row the stock does not move.

[m.t.glass] 21/6/2007 09:02

Saw that ENA movement ;o)

I guess there is probably scope for profits to be made by arbitraging the contradictory movements of ENV, ENA and ENVS - if only it were possible to identify some predictability in how they come together if/when they do!

[debbiegee] 21/6/2007 08:55

wish I knew why the mkt ignores this news,feel sure the pundits will pick this 1 up after 2 rnss in a row.
amex:ena was up 5% last night by the way!

[m.t.glass] 21/6/2007 08:47

- and RNS duly appeared ;o)


TORRANCE, CA, June 21, 2007 - Enova Systems, (AMEX: ENA and AIM: ENV and ENVS),
an early stage production company in an emerging industry and a leading
developer of electric, hybrid and fuel cell digital power management systems, is
pleased to announce that it has entered into a partnership with a major Asia
based OEM to integrate and test its unique proprietary Post Transmission
Parallel Hybrid system. The system is targeted for integration and/or retrofit
into North American delivered 2008 model year Vehicles.

Enova's Executive Vice President, Mike Staran said, "We are excited about the
possibility to be the first North American Hybrid Drive System to be used by an
Asian based Medium Truck OEM. Having already established relationships with
First Auto Works (FAW), Tomoe and Hyundai, we are steadily making significant
progress in Asia. We, along with our partner, are taking an aggressive approach
to integrating vehicles with our Electric Drive System. These trucks are used in a wide range of applications including delivery and transport vehicles. We think Enova's Post Transmission Parallel Hybrid System is ideal for both the
production of new vehicles as well as the retrofit market for existing
vehicles."

Enova's Post Transmission System is one in which the Electric Drive System is
integrated behind the Transmission and is designed to be installed as a "drop
in," fully integrated turnkey fashion into an OEM production line , or
retrofitted in post vehicle production in a modular, "as-needed" basis. Enova
believes it will be able to develop a more convenient and suited system through
collaboration with the OEM.

[debbiegee] 21/6/2007 06:49

thanx for that,did you notice that amex:ena were up 5%?
Also strange on the envs quote page where news and rnss are listed there is overnight news from Asia,hopefully an rns today!

[m.t.glass] 20/6/2007 23:31

Seen at iii forum today -

"Enova shares were ENVS or Regulation S shares. These shares have a special condition attached to them in that they cannot be sold to US citizens for one year after issue. Choice of share was broker's decision really probably dependent on liquidity."


Sheds a little light, but doesn't wholly explain the logic of why the S shares are more easily traded than ENV - nor why both are available instead of all being S type.

[debbiegee] 20/6/2007 22:48

sorry mistake

[debbiegee] 20/6/2007 15:42

obviously more than meets the eye here,and one with 20% spread and the other with 2% spread !

[m.t.glass] 20/6/2007 15:20

ENV now down when ENVS is up

[debbiegee] 20/6/2007 15:11

amex:ena up 1.7%

[m.t.glass] 20/6/2007 12:40

Not a very inspiring stock this one. Wouldn't wish to own it. Watching it for reasons given up top. Hope they manage to run things better than they've managed before. Changed their FD in Feb.

[m.t.glass] 20/6/2007 10:24

Yep. Got that link in the header.

[debbiegee] 20/6/2007 10:08

can br followed on advfn amex:ena prices possibly 15mins behind

[m.t.glass] 20/6/2007 09:43

Plenty of data on Enova's American (ENA) shares at

[m.t.glass] 20/6/2007 09:25

Nah - ENV,ENA and ENVS are all Enova Systems. It's presumably a class of share but I don't know what/why. Someone will tell us eventually.

EDIT: I have emailed the company and asked them to clarify.