Ilika Share Discussion Threads

[a.fewbob] 10/7/2016 23:51

How about making batteries on a wafer and linking cathodes and anodes across to each other? So you could have a thin battery the size of a note pad for example.....

Better than nothing.

[malnu] 09/7/2016 14:03

Don't get to pessimistic all you short-termists. There are 24 potential licensees in a live pipeline, plus a semiconductor IP company (presumably ARM Holdings, although not stated). The battery was only released in April. The decision to licence/switch from existing arrangements takes time. It is not like changing dog food brand at the supermarket. There are many processes/committees/board approvals - including in-depth due-diligence - which large company's must go through before making such a change. To have such a large number of active discussions in such a short space of time is remarkable, actually. Below is an internal note from house broker Numis post the analyst briefing -

ILIKA (BUY 110P) FY Results. FY16 results are in-line with expectations (revenue £0.6m, EBIT -£3.5m, net cash £3.0m) and outlook is unchanged, with a significant uplift in revenue expected in FY17E as Ilika begins to sign licences for the solid state battery. In this regard, there is an active pipeline with 24 potential licensees and conversion of 1-2 of these would be sufficient to hit forecasts. Following on from the launch of the Stereax M250 battery in April, two further products are scheduled for launch in FY17E, targeting larger capacity and ultra-miniaturised batteries. Interest has been particularly strong for miniaturised batteries which could be used in applications like smart contact lenses and medical devices. There has also been engagement with a semiconductor IP company on integration of the battery into semiconductor chips. Current market cap is £35m/$45m, which clearly offers material upside on successful commercialisation.

[horneblower] 09/7/2016 11:15

They have made no announcements regarding stackability so I conclude that they have not managed to achieve it yet.

Presumably the problem is in connecting the lower anode to the upper cathode through the insulating layer.

They need to crack this problem or forget about any but the tiniest batteries.

Perhaps the insulating layer is unnecessary?

[ramridge] 08/7/2016 10:07

If you look at the cash flow statements, cash burn is nearer the £4m mark, with only £3m net cash available. So a fund raising in the next few months is near certain.
This company needs some good news on the revenue front. Hard cash or firm orders, not blue sky promises.

[pugugly] 08/7/2016 09:33

Agreed re cash - Last fundings in Feb 2014 were a placing at 60p and conversion of warrants at 51p - There has been significant improvements in the technology since then BUT it appears to me that they may run out of cash before reaching cash flow break even so at what level could they raise funds in the current market ??

At a guess possibly between 30-35p -- Thoughts ? [quote as of now 46/48. )

[horneblower] 08/7/2016 08:48

A muted response and a mark down of the price to the lower channel line on zero trading.

Cash will be a problem unless something remarkable comes up so they will have to plan for a fund-raising. The chart suggests the 42p to 45p level.

Imo they should do this pronto and then go shopping for a major partner. A strong future is possible, but not by themselves. Going for glory alone is not really an option. It will service the directors but not the shareholders...but this is an AIM company so what am I thinking?

[hawks11] 08/7/2016 08:03

Well I wasn't really expecting a surprise but there are a few major shareholders in there which is reassuring.

[someuwin] 08/7/2016 07:43

At 30th April...

Loss for the year GBP3.5m

Cash, cash equivalents and bank deposits of GBP3.0m

[supernumerary] 05/7/2016 10:37

South Korea's nationwide IoT network completed six months early

The race to roll out a nationwide network for Internet of Things (IoT) devices may have come to a photo finish. When Dutch telecommunications company KPL announced last week that the Netherlands was the first country to switch on a nationwide IoT network, it seemed to beat South Korea to the punch. But SK Telecom reported on Monday that it has also completed its own network across South Korea, announcing prices for its IoT services and its future plans for the network.

SK Telecom completed construction of the nationwide LoRaWAN (Long Range Wide Area Network) servicing 99 percent of South Korea by the end of June, which puts the rollout six months ahead of schedule. It joins the existing LTE-M infrastructure that was completed in March. Together, the two technologies form the IoT network, which will allow public, private and commercial smart devices to capture and process data for various purposes.

...

[hawks11] 05/7/2016 07:15

RNS released today on new patent in China and linked to Toyota and will announce its Preliminary Results for the year ended 30 April 2016 on Friday 8 July 2016.
Looking forward to Friday for some more news.
Looking back I noticed the comment on the below article by Charlene Marini of ARM which helps me to keep interested.
hxxp://www.ilika.com/news/articles/press-release-ilika-transforms-battery-technology-for-iot

[supernumerary] 01/7/2016 11:53

Netherlands rolls out world-first nationwide Internet of Things network
Michael Irving July 1, 2016

South Korean telco SK Telecom recently claimed it was rolling out the world's first nationwide Internet of Things (IoT) network, but it looks like the Netherlands has beaten it to the punch. Dutch telecommunications company KPN has switched on its own system this week, which reportedly covers the entire country and will be used to connect millions of devices.

...

[horneblower] 30/6/2016 08:31

Lack of any licencing deals or stacking progress is indeed worrying. I guess diesel is right about production costs limiting potential demand.

For me, the current battery offering is not commercially sustainable since the IOT is not yet a reality.

It is essential for them to get at least to a 3v dime battery equivalent and this means multi-stacking. It is their sine qua non.

Can they do it. Probably, but only with big industry help. They need to join up with a major imo. Go see Elon Musk.

[a.fewbob] 29/6/2016 23:49

Well good luck to all the holders,

if it comes good it could do big style. I guess the down side looks reasonably limited since this isn't a one trick pony.

[diesel] 29/6/2016 23:07

Interesting debate, for me the lack of sales/contracts is beginning to look worrying, something is not attractive enough, I suspect it's cost due to the production process limitations. It would also be helpful to have some guidance on stacking progress, I'll give this a while longer but mainly out of a desire to see the concept succeed despite my financial head telling me that this is looking less likely.

[a.fewbob] 29/6/2016 22:48

I'm not currently invested, bought at 35, sold at 70 and now I just can't make up my mind.

[horneblower] 29/6/2016 22:43

'Amstrad and Sinclair C5'?
Distant history.
You haven't made a case so beware of resting on it.

[a.fewbob] 29/6/2016 22:38

I rest my case..... again.

[a.fewbob] 29/6/2016 22:37

What the What the??

Sorry din't mean it like that, they are just examples of US companies grown from nothing but massive fund raisings!

[horneblower] 29/6/2016 22:16

Half those companies didn't exist when Musk sold Paypal.
Paypal grew because of eBay and was sold to eBay for $1.5billion in 2002. Musk owned 11% of Paypal at the time.

[horneblower] 29/6/2016 21:34

Tesla was self funded by Elon Musk who made his money from, I think, PayPal.

[a.fewbob] 29/6/2016 21:20

Seriously?

Can you really imagine a company like Uber or Amazon getting off the floor in the UK?

The VCT, Banks would laugh in their face!!

Have you any idea how much Tesla have spent to date???

And before you ask, No, nor do I but I bet its billions!!