Sulnox Share Discussion Threads

[dexdringle] 29/5/2024 15:35

28th May: The board of directors of the Company (the "Board") has been informed that Constantine Logothetis has purchased additional SulNOx ordinary shares of 2 pence each ("Ordinary Shares") in the market, increasing his total interest to 29,287,819 Ordinary Shares equivalent to 24.10% of the Ordinary Shares in issue.

[strollingmolby] 21/5/2024 21:23

SulNOx will be presenting at Mello again over the next couple of days, which is where I first came across this company in November 2022. Hopefully Ben Richardson is well-received and piques interest enough to prompt a flurry of buys and greater interest in this smallcap.

His presentation:

[davidosh] 06/5/2024 17:56

You will have the chance to ask lots of questions as Sulnox will be at Mello2024

For the whole of this long weekend any investor buying a ticket for the *Mello2024* event will be given the bonus of being able to bring a friend or family member completely free of charge. Worth getting a friend to join with you and halving the cost maybe...

Will end at market open on Tuesday as it is a bank holiday weekend so plenty of time to connect

Mello2024 investor conference takes place on the 22nd and 23rd May Do come and join us....another six companies added to the list today and another six to be announced on Monday.

We want to keep this important face to face engagement with companies going and it has been tough since Covid as many directors just want to do webinars as their only token offering to investors. If you want to ask private questions or check out body language it is impossible on webinars and investors need to network with each other too.

Please support us and encourage companies/ management teams you are in contact with to come along to Mello2024 in Chiswick on 22nd or 23rd May

Mello2024 – Mello Events

If you have never been to one of our two day conferences before then clearly you are missing a great opportunity to engage with management teams and also network with hundreds of likeminded investors so we are offering virgin tickets at just £30 for either of the days so that you can see what it is all about.....a big discount from £99.00 and if you do not agree having spent the day with us I will give you an annual pass to our virtual shows on top. I just want investors engaging with all these quality smaller companies. This offer is only if you have never attended before so please be fair to all those who pay much more.... Simply enter the code NEW2MELLO24 BUY NOW:

[dexdringle] 05/5/2024 11:25

I fear the best case scenario here is that they are bunch of numpties in posession of something special. A bit like if Mr Bean suddenly found himself in possession of the formula for perpetual motion....

And the worst case scenario is that it isn't commercially viable.

[strollingmolby] 05/5/2024 10:30

I'd suggest breakeven would occur when sales are in the region £4-5m, so a fair bit sooner than your £10m.

I wonder though if SNOX would survive as an independent company before that point, for if Sales do ramp-up and grow exponentially, as we hope, then someone will swoop, whether that be Constantine Logothetis, Nouryon, or some other trade buyer. Big if though!

[dexdringle] 04/5/2024 20:27

Given the overheads and margins, they need circa £10 million in sales to break even. That's a 20 fold increase over 2023/24.

They shouldn't need a sales team. They should be beating customers away with a stick. But that's clearly not happening.

How long before they run out of cash (again) ?

[strollingmolby] 04/5/2024 19:00

I agree, they now have data from 10+ years of operations and trials and it should be flying off the shelves. To be fair, sales do appear to be ramping up and the quarterly sales numbers are starting to look very interesting.

Y/E Mar-23
Q1 - 37,633
Q2 - 37,172
Q3 - 45,700
Q4 - 82,571
.....203,076

Y/E Mar-24
Q1 - 82,197
Q2 - 53,526
Q3 - 104,572
Q4 - 314,995
.....555,290

Where they go from here is anyone's guess (a broker's note would be useful here...) but the direction of travel is clear and they need to get to profitability in the next 12-18 months.

I sense a limitation here is the number of people devoted to Sales, and the length of time it takes for e.g. a shipping company to trial the product and assess the value of the product. SNOX has partially dealt with the first point by appointing numerous distributors, such as RemNOx, ElimiNOx, Heffield, Hestia, InnoTAD, etc... who get the message out there.

I'm looking forward to the Q1 trading update where we will see if the sales momentum has continued with a jump from the Q4 sales number of £315k, though it will be predicting where breakeven is to assess when SNOX will be profitable.

I'm hanging on tightly to my shares here given the potential.

[dexdringle] 03/5/2024 13:41

They can interview him up the wazoo but if he can't find a way to profitably monetise the stuff then it's all for nothing.

I still don't understand how, in the current climate and pollution obsessed environment, a cost effective additive which significantly improves MPG, and reduces noxious emissions, while at the same time cleaning the engine (and not causing any damage to it) isn't selling like hot cakes.

They've been trialling in actual vehicles since 2013 so it isn't new and they already have 10 years plus of data. If it isn't proven beyond doubt by now it never will be.

[strollingmolby] 03/5/2024 12:06

The SulNOx roadshow continues, this time Ben Richardson is interviewed by IG Index:

[dexdringle] 29/2/2024 17:00

They only went up 300% after having fallen 90% (from 50p to 5p) 🤣

[dexdringle] 24/1/2024 09:53

.....other than the fact that sales are under £500k per annum vs overheads of £2 million per annum.

They need sales of £10 million per annum to break even. That's a 20 fold increase in sales.

They've been trying to flog this stuff since 2014. It has taken 10 years to get to £500k per annum in sales....

[investibot2000] 23/1/2024 23:30

This does look great, as far as the product is concerned - up to 10% savings on fuel for shipping just as everyone is taking the long way round Africa to avoid being blown up. I'm holding back a little because 1) surely a raise is incoming, especially with this jump in the price; 2) how exactly do they get buyers to use / lease / whatever this ultrasound kit needed for the shipping fuel elmulsification? 3) I'm not sure about the relationship the company has with RemNOX, a private company which owns part of SulNox and acts as a distributor (to distributors) and as a "a fully Independent Sales Organisation (ISO) for SulNOx" according to their website. I am not too well-versed in corporate structues, but is there a chance that this company will be used to skim profits? It doesn't seem to be likely (much more money for the same people in generating a bigger share price for SulNox) but I thought I'd throw it out here. Otherwise there doesn't seem to be a lot wrong?

[dexdringle] 16/1/2024 18:07

Just under £50 million.....

[maqsud] 16/1/2024 16:49

What's the market cap at 40p

[bad gateway] 16/1/2024 07:28

They do sound interesting, can see the growth down the line from the trading update but at this 'cap would have thought a lot of growth priced in with this £100K/quarter revenue stream?

[dexdringle] 14/1/2024 10:37

Tipped in the Mail on Sunday today.

Reading this, you'd think this was the most miraculous product ever and should have a massive valuation !

[dexdringle] 22/12/2023 09:38

No. Sadly we small shareholders have been deprived of the opportunity to fund, at a discount, another year of fantasy and utter stupidity.....

"The board of directors of the Company (the "Board") is pleased to announce that a group of investors, consisting of both new and existing shareholders (the "Investors"), have agreed to subscribe for a total of 7,826,088 new ordinary shares of 2 pence each ("Ordinary Shares") at a price of 23.0 pence per Ordinary Share (representing a discount of 11.5% to the average closing price of the Ordinary Shares for the last 5 trading days of 26.0p) to raise a total of £1,800,000, before expenses (the "Subscription"). It is expected that the funds raised under the Subscription will be utilised for general working capital purposes"

[strollingmolby] 09/10/2023 07:34

Another good client win, with an initial $45k contract value.

Spring Marine Adopts SulNOx in their Fleet

The board of directors of SulNOx (the "Board") is extremely pleased to announce that Spring Marine Group ("Spring") will adopt SulNOx products in their fleet to reduce fuel consumption and emissions.

Spring Marine (hxxps://www.Springmarine.com/) operates a fleet of Tankers and Bulk Carriers and represents SulNOx's latest client in the globally important, and highly influential, Greek maritime sector. The initial order is for approximately US$45k.

Captain George Chondronikolas, General Manager of Spring Marine commented, "At Spring, we make a point of having a constant commitment to adopting the latest technologies to minimise fossil fuel consumption and reduce the environmental impact of our business. Our vision includes adopting innovative green tech solutions like SulNOx for the continuous, incremental improvements required of our vessels to meet regulatory expectations and improve the service we offer our customers."

Ben Richardson of SulNOx added, "We are extremely impressed by the forward-thinking management and technical teams at Spring. They instantly understood our unique, green chemistry and how the adoption of the SulNOx products will reduce fuel costs along with the CO2 reductions demanded by the imminent Carbon Intensity Indicator (CII) regulatory requirements. Also, looking beyond existing regulation, how SulNOx's huge impact in reducing particulate matter, (black carbon emissions - acknowledged as being 3,200 times more potent in their contribution to climate change than CO2) is a key indicator of improved combustion and therein reduced fuel consumption demonstrated on other vessels. We look forward to working with the Spring Team."

[strollingmolby] 25/9/2023 07:26

SulNOx featured in this Daily Mail list of Top Ten Entrepreneurs to watch...



10. SulNOx Group Plc

Climate change and how to tackle the problems associated with it is a concern for governments across the globe are looking at the population’s consumption of fuel. The London-listed scientific, greentech company, SulNOx Group PLC, has developed a range of solutions for all fuels including petrol, diesel, biofuels, HVO, GTL, marine fuels and more.

Tested and certified by multiple third party and academic bodies, SulNOx has the ability to solve major climate and pollution problems now, globally.

One of its patented formulations, SulNOx Group Plc, a natural, readily-biodegrade fuel conditioner which can be simply added to fuels at any point between the refinery and the engine, significantly reduces harmful particulate matter, fuel consumption and greenhouse gases.

Across multiple recent real-life applications, independent third-party organisation, Green Sea Guard, measured particulate matter levels that were reduced by over 99%. In fact, straight after combustion in one of the case studies on Monaco based super-yacht Yalla, levels of particulates were three times lower than even ambient air in big cities like New York and London.

This is so significant, as it could immediately tackle air pollution problems across the globe, currently killing 8.7 million people and costing over £6.7 trillion, annually. In addition, the impact on reducing greenhouses gases and reliance on fossil fuels, at scale, is equally impressive.

Who’s At The Top: Inventor of SulNOx products and co-founder of SulNOx Group PLC, Jimmy Redman has four decades of experience in diverse chemical fields from technical printing chemistry, coatings and sealants through to industrial detergents and retail household brands.

A national champion cyclist and the son of six times world motorcycling champion, Jim Redman, Jimmy spent his childhood surrounded by fuel, growing up ‘in the Grand Prix pits’, giving him a unique blend of insight and experience on how to achieve optimal results through cumulative marginal gains.

What’s Coming: Now, attracting interest, adoption and investment from major companies and institutions, SulNOx is growing and expanding through its global network, with manufacturing contracted to the chemical giant, Nouryon.

[strollingmolby] 22/9/2023 14:33

Probable Q4 placing of 30m shares to raise capital for new hires and greater inventory to execute growth strategy. Size of discount is the big question... (108m shares in issue currently)