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Real-Time news about Powerfilm Regs (London Stock Exchange): 0 recent articles
|blahblahblahblah: Been taking a first look at Powerfilm today. Seems great initially, but there are a couple of things I'm not sure about.
1 - As far as I can tell, there's no IP to speak of other than their 'proprietary manufacturing method' which isn't patented, just kept as an industrial secret - that correct?
2 - How does HP's change in direction (announced in Aug 2011 that they are exiting smartphone and tablets) affect the product developed by Phicot? Presumably since the development was paid for by the US Army, they still want it? but I've not seen anything one way or the other on this. (I guess there might be more on this when the results come out)
3 - There was an RNS in 2006 about a strategic relationship with Corus (now part of Tata) for building integrated products. This doesn't seem to be talked about by the company anymore but there is a solar product on the Kalzip website - is this Powerfilm's technology in the end? i.e. is this relationship still in place?
4 - Perhaps I missed where it explains it in the accounts, but what is the 5m or so that is 'equipment under construction' that doesn't seem to have moved much since 2009 (a proper fixed asset note might have helped here)
My understanding so far is that the small volume of available shares combined with slow progress is what's causing the share price to be so low. Looking back through the threads it looks like people have seen the potential offered by the company, but the lack of delivery has meant that eventually they've decided their money can do better elsewhere and left - resulting in a significant share price movement when they've gone due to the small free float?|
|timely4: It read to me as though they wanted to (hastily) get the bad news out of the way i.e no profit and flat turnover. The drop in the share price was inevitable as some PI bailed out at 26p (very strange thing to do given that things are only just about to get interesting imo).
I am sure that over the next 6 months there will be a steady flow of news as the technology translates into contracts. Maybe wishful thinking on my part, but time will tell as ever.|
|timely4: I see the MMs pulled the share price back a 1p on no trades. Today is the AGM - it will be interesting to see if there is any update as well as the usual boring announcement that 'all resolutions were duly passed'.|
|timely4: Perhaps above that the MMs move the price to buy up sharply? Whatever the reason, it is fascinating to see the share price move up each time on such small buys.|
|timely4: Why do you think the share price dropped with no trades?|
|wetdream: Perhaps we should recruit David Attenborough to go in search of the elusive PFLM share trade?|
|timely4: I agree. Another American firm that was on Aim (OCz Technology) went to a US quote and their share price is very much higher now. I have suggested it in an email to the management. They haven't replied but I hope they are giving the idea some consideration.|
|squintyflinty: No RNS thus far from the company regarding it's share price crash yesterday.|
|timely3: I wonder why the share price has dropped without any trade showing?|
|barbudo viejo: the worst certainly seems to be over for Powerfilm, and they're fairly well insulated from any possible double-dip scenario. What first attracted me to the company was how they were just quietly getting on and making money when so many other solar players were talking big, massively leveraged and yet to break even. If PFLM can move back into profitability - and they are clearly moving in the right direction - it will decisively demonstrate the sound strategic and operational thinking of its management team and thoroughly justify investors' faith in their ability to deliver in the future, which should result in a significantly higher share price than we are currently enjoying. Obviously a lot of small investors got badly burned with this stock back in its more mercurial days, but I think the critics have missed the point with their barbs about this company's lack of fizz and sparkle. They just get on with what they do. Listing in the UK allowed them to raise the cash they needed. If they need to come around for more, it won't be because of an attritional burn rate, but to radically expand a business opportunity emerging from their investment in ground-breaking technology, and my guess is that they won't have to beg too hard if they do. In the meantime, the fact that the directors aren't faffing around trying to bolster the share price in the middle of a dreadful recession is salutary.|
Powerfilm share price data is direct from the London Stock Exchange