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SNOX Sulnox Group PLC

52.52
1.52 (2.98%)
10:33:02 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Sulnox Group PLC AQSE:SNOX Aquis Stock Exchange Ordinary Share GB00BJVQQP66
  Price Change % Change Share Price Shares Traded Last Trade
  1.52 2.98% 52.52 5,883 10:33:02
Bid Price Offer Price High Price Low Price Open Price
50.00 53.00 52.52 50.10 51.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
10:33:02 464 52.52 GBX

Sulnox (SNOX) Latest News

Sulnox (SNOX) Discussions and Chat

Sulnox Forums and Chat

Date Time Title Posts
21/10/202413:40SulNOx - fuel additives to decarbonise the world43

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Sulnox (SNOX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:33:0252.52464243.69O
08:54:2152.00469243.88O
08:43:3850.104,0002,004.00O
08:32:3652.00950494.00O
2024-11-20 15:41:3852.0018093.60O

Sulnox (SNOX) Top Chat Posts

Top Posts
Posted at 21/10/2024 12:57 by strollingmolby
Nice to check in and see this large price rise- has SNOX been tipped somewhere? Decent amount of volume already today (163k)
Posted at 05/5/2024 09:30 by strollingmolby
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!
Posted at 04/5/2024 18:00 by strollingmolby
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.
Posted at 23/1/2024 23:30 by investibot2000
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?
Posted at 14/1/2024 10:37 by dexdringle
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 !
Posted at 22/12/2023 09:38 by dexdringle
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"
Posted at 09/10/2023 06:34 by strollingmolby
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."
Posted at 29/6/2023 16:58 by strollingmolby
And Constantine Logothetis also exercises his option to buy a further 3,765,300 shares at 10p each, to take him to 16.3% of SNOX.
Posted at 29/6/2023 16:53 by strollingmolby
Nice to see a new cornerstone investor with links to the shipping industry jump onboard, and at not much of a discount at 9.5p.

Libra board member becomes major shareholder in greentech firm

Tergeo Limited has become a major shareholder in greentech company SulNOx following a series of off-market transactions.

Tergeo Limited now has a holding of 10,000,000 ordinary shares of 2 pence each, which is equivalent to 9.89% of the current issued ordinary share capital in SulNOx.

The company is an entity incorporated in the United Kingdom to hold the interest in SulNOx on behalf of Constantine Logothetis, the chairman of London-based Alithea Capital.

He is also a board member of the George Logothetis-run Libra Group, which runs Lomar Shipping, and the chairman of the Advisory Board of Gravity Private Wealth. He was previously the founding executive vice chairman of the Libra Group where he served for close to 20 years.

Logothetis’ total holding in SulNOx, including his new interest held through Tergeo, is now 10.88% of the company’s current issued ordinary share capital.

“I am delighted to welcome Mr Logothetis and Tergeo as a significant shareholder in SulNOx. The company now has a cornerstone shareholder who is ready to bring further financial and commercial resources to support our growth aspirations and unlock the true potential of our products,” Radu Florescu, chairman of SulNOx, said.

“We aim to leverage our worldwide network, particularly in energy and shipping, to grow SulNOx’s revenues, investor base, brand, and market presence,” Constantine Logothetis added.
Posted at 25/4/2023 11:54 by strollingmolby
I wonder what has gone on behind the scenes to prompt this EGM request to oust Ben Richardson and Radu Florescu?

25 April 2023

SulNOx Group Plc (the "Company" or "SulNOx")

Requisition of General Meeting

Aquis Stock Exchange: SNOX)

The board of the directors of the Company (the "Board") yesterday received a letter of requisition ("Requisition") to call a general meeting of the Company ("GM") dated 24 April 2023 from its shareholder, RemNOx Limited (the "Requisitioner").

The Requisitioner holds more than 5% of the ordinary share capital of the Company and the Requisition is in a form which complies with section 303 of the Companies Act 2006 (the "Act"). As a result, the directors are required to call a GM in accordance with the Requisition.

The Requisition requires the directors of the Company to convene a GM to consider ordinary shareholder resolutions to remove Chairman, Radu Florescu, as a director of the Company and appoint three new directors to the Board. In addition, the Requisition includes a special shareholder resolution to remove CEO, Ben Richardson, from his position with the Company. In accordance with the Act, the Company is required to call a GM to consider this resolution within 21 days of receipt of the Requisition and to provide for the GM to be held not more than 28 days after the date of the notice of such meeting.

The Board do not believe that the proposed resolutions are in the interests of the Company or its shareholders as a whole.

Shareholders are advised to take no action at this time.

Sungold Escrow Nominees Ltd holds 96% of the ordinary share capital of the Requisitioner and is controlled by Angela Bravo.
Sulnox share price data is direct from the London Stock Exchange

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