Acta Share Discussion Threads

[mattjos] 01/10/2014 16:55

just released by Helioicentris (Ticker is XE:A1MMHE if you want to follow).

Since they are one of ACTA's biggest customers, it is relevant (see the ACTA RNS 28/2/12 & then RNS 21/11/12 with regards the agreement with FutureE).

Heliocentris has laid its plans well in advance and looks to be moving ahead rapidly now

Key highlights:
• Half year sales increased by EUR 2.6 million to EUR 4.5 million (+143%) compared to the half year 2013.
• Heliocentris secures first large order in Myanmar of EUR 5 million for the mobile phone operator Telenor. A follow-on order of around EUR 3 million was received in August.
• Heliocentris takes over FutureE Fuel Cell Solutions GmbH, a specialist for stationary fuel cell power supply solutions based in Wendlingen, Baden-Württemberg. This partnership creates a new market leader in Germany for fuel cell based energy solutions for telecoms and industry.
• Heliocentris wins an order of around EUR 1 million from the Federal State of Brandenburg to fit or retrofit 25 based station sites with emergency power backup based on fuel cells.
• In January and April Heliocentris places convertible bonds totaling a par value of around EUR 10 million with strategic investors.
• Management expects to at least triple sales 2014 compared to the previous fiscal year.

Ayad Abul-Ella, CEO of Heliocentris AG highlights: "Until now the fiscal year 2014 has been very positive compared to the disappointing year 2013. We were able to generate major orders in the business unit ICT. The supply of 150 turnkey hybrid energy systems for the base station sites in Myanmar for more than 3 million EUR is the largest single order for Heliocentris. First subsequent orders from Myanmar, a won tender by the Land Brandenburg for the fitting an retrofitting of emergency power supply systems as well as follow up orders by "du" in the UAE and "Cummins", the leading supplier of diesel generators drastically help to reach our revenue target of EUR 20 million in 2014."
The first half of the current fiscal year has been accordingly characterized by the business with existing customers, first large scale orders by new customers as well as the successful capital raising via the placement of convertible bonds totaling a par value of around EUR 10 million. This has been a substantial part of the funding of Heliocentris.
With the acquisition of one of the most important fuel cell companies in Germany, FutureE Fuel Cell Solutions GmbH, Heliocentris has a done a major step in completing the solutions portfolio for hybrid power solutions thereby extending the market presence in the network based telecommunications market.
In the first half of 2014, Heliocentris recorded a significant increase in sales compared to the same period last year from TEUR 1,844 in 2013 to TEUR 4,476 in 2014. This increase is primarily due to the signing of major contracts with customers in Myanmar and Germany in the segment "Information & Communication Technologies (ICT) reflected in the sales of TEUR 3,578 in the first half 2014.
Based on the higher sales contribution of the business segment "Information & Communication Technologies (ICT)", compared to last year, and the impact of the related lower gross margins out of the so called "Greenfield business", the adjusted sales related gross margin decreased from 45 % to 31%. Greenfield projects generate a lower gross margin, as they include a high percentage of third party components and external services compared to other projects, which results in a lower added value of Heliocentris.
Total costs below gross profit amounted to TEUR 8,713 (30.06.2013: TEUR 7,777) in the first half of the year. This further increase is mainly due to the increase in personnel expenses from TEUR 4,829 in the comparable period 2013 to TEUR 5,512 in the first half of 2014 which is to a large extend due to the hiring of additional personal resources in the second half 2013. This was inevitable to ensure the acquisition of large scale customers and the implementation of projects. Other costs decreased, compared to the same period last year, from TEUR 2,592 in 2013 to TEUR 2,332 in the first half 2014. This decrease in other costs results, among other factors, from lower Sales and Marketing expenses as well as external services.
The net loss increased to TEUR 6,409 in the first half of 2014 (30.06.2013: TEUR 5,712) due to higher interest expenses of TEUR 350 as a result of the convertible bonds issued in the first half of the year. The Management is confident that the rise of the net loss in the second half of the year will be significantly reduced with the expected increase in sales and will therefore remain below the level of the previous year.
The Group's cash and cash equivalents increased from TEUR 1,429 at the beginning of the year to TEUR 3,980 as per 30.06.2014. This increase is primarily caused by the financing measures taken during the first six months of the year, specifically through the placement of a convertible bond within 2 tranches in January and April.
Based on the current order intake for the second half 2014 the Management assumes further positive development of the business, Heliocentris expects to at least triple sales in comparison to the previous year. In addition, the Management expects increased sales to result in a reduction of the losses on an EBIT level compared the last fiscal year.
In the light of the successes in Myanmar and in particular the good progress in Africa, Europe and in the OEM business the Management sees a further significant increase in revenues in 2015 thereby improving the EBIT notably compared to 2014.

[the stigologist] 01/10/2014 14:25

they might be able to get their next placing away at 1p at this rate

[norbus] 01/10/2014 14:02

Don't knock it; a blue day today.

[the stigologist] 30/9/2014 08:58

funny how the mug pumper moderates posts but hasn't balls to comment

[pugugly] 29/9/2014 16:29

Check the cash burn rate - Will not last too long unless sales ramped up VERY significantly (imo)

[encarter] 29/9/2014 13:12

Nope, they're still in the game. Just raised funds at 3p and talk of new product.

[pugugly] 29/9/2014 12:49

encarter:> Surely you mean time to sell and save what I have left before the liquidators arrive !!!

[encarter] 29/9/2014 12:38

Results as expected, time for a top up.

[the stigologist] 29/9/2014 10:41

still mr knowitall elsewhere

e.g WTI


Mattjos
28 Sep'14 - 21:10 - 13352 of 13353 0 0

Pedro .. There seems to be a mountain still on the ask .. The 12m that went at 4p some months ago remains to be taken up

[the stigologist] 29/9/2014 10:36

silence from mattjos is deafening

remember he visited their plant and came back bulling them up

[pugugly] 29/9/2014 09:27

Accounts out.

More funding required (imo) or vulture job - That is if any real value in the technology. Sorry I am not techie enough to be sure either way. It is interesting BUT is it cost effective compared to other solutions?

[sep800] 26/9/2014 08:17

News to be released on Monday, be interesting !

[the stigologist] 22/9/2014 07:25

WHAT ! not on a friday after market close ?

Notice of Interim Results


Acta S.p.A. (AIM:ACTA), the hydrogen energy company, confirms that it will be announcing its Interim Results for the six months ended 30 June 2014 on Monday, 29 September 2014.

[encarter] 19/9/2014 16:29

Agree Stig, Acta far too cheap, ITM well over priced.

[the stigologist] 19/9/2014 15:20

why are these numbskulls comparing £1m ACTA with £50m ITM ?

[euclid5] 19/9/2014 11:16

bad news on CAP this morning - down 36% - just shows the majority of these type of AIM shares are highly risky - including ACTA

[encarter] 19/9/2014 01:06

None of the above. Just the bad apple ITM spoiling the whole barrel and bringing the sector into disrepute.

[the stigologist] 18/9/2014 19:10

i wonder what bad news is coming ?

another placing ? another profit warning ? another partner deciding to end their partnership ?