Cap-xx Share Discussion Threads

[rimau1] 14/1/2021 11:46

I’ve taken a maiden position here after watching for a while, just a touch under 11p. Healthy cash pile, sector/structural growth markets sound interesting and the Australia/SE Asia location appeals. I will continue to add all the way down, i think its a long term winner and the potential for IP infringement windfalls are a side bonus. Good luck all.

[allstar4eva] 14/1/2021 10:32

Sellers create buying opportunities in theae small caps...

[jeanesy] 14/1/2021 10:29

Looks like someone is still selling looking at the shareprice. Now sub 11p again

[avsome1968] 14/1/2021 09:04

Hi Mattjos been watching these since they spiked always due a pull back till the next set of new buyers arrive, wondered if the seller has finished here or has he a few more to go.

[mattjos] 13/1/2021 23:41

always needs a bit of digestion time after a move jeanesy … trading volumes are still decent. i doubt it will drift for too much longer

[jeanesy] 13/1/2021 20:16

All has gone very quiet here.

[roofer2] 12/1/2021 14:04

This years tax debate is bigger than previous years due to the Murata production line purchase, for those that don’t read reports!

Allenby Capital comment: CAP-XX has been the recipient of R&D tax rebates from the Australian government for a number of years but the size of the 2020 R&D tax rebate is substantially higher than the historic norm (A$1.6m in each of 2017, 2018 and 2019) and reflects the incremental rebate associated with the Murata manufacturing project.

• Australian Tax Office has advised CAP-XX that it has approved its R&D tax rebate, amounting to A$3.12m (November 2019: A$1.6m) and these funds will be remitted shortly.

• Forecasts currently under review.

R2

[manc10] 12/1/2021 11:01

Anybody seem raytard biden I mean rayrac loool

[mauricemonkey] 08/1/2021 15:57

Chancer that doubled my money across my portfolio since March last year :) To be fair the market has been so bullish it has been almost impossible to miss outside of the hospitality and travel sectors.
I found these looking at a QM screen on Stocko and bought 1% of portfolio position at 4.5p.
Better lucky than good.

[roofer2] 08/1/2021 15:44

mM, you’ve been at it all day, if you do currently hold CPX you would know the answers, either that or your a chancer, guess you win either way !
Filtered!
Imo

R2

[mauricemonkey] 08/1/2021 15:26

Thanks for the link. Your help is very much appreciated :)

[mattjos] 08/1/2021 15:18

All freely available for anyone to read here:



& I do have a day job

[mauricemonkey] 08/1/2021 15:07

The market cap is about 50x forward P/E with no forecasts beyond this year.
Hence why people are asking reasonably sensible questions about growth prospects and expansion plans.
I'm sure you've researched this company to death, others of us have day jobs.
Thanks for all your assistance in setting the record straight - I note the Allenby notes aren't available on the Investor Relations site, presumably they're behind a paywall somewhere.
As someone who has nearly trebled their investment, I have no complaints, just trying to understand where we go next.

[mattjos] 08/1/2021 14:32

all this negativity or accusations of cash calls or of ludicrous capital expansion requirements just now are simply a few folk trying to 'talk' the price lower for their own purposes.

Those of us that have done the research will fully understand that the current mkt cap is woefully short of sensible for a company such as CAP-XX, particularly given the genuinely transformational events of the last 12 months.
The Allenby notes are an excellent start point for new investors to get themselves up to speed & I suggest they pay more attention to those than to certain people on ADVFN threads.

[pepperedlikeasteak] 08/1/2021 14:06

Rather than calling them 'old' production lines it would be better calling them 'existing' production lines. There are two manufacturing facilities in Malaysia - Polar Twin Advance Sdn Bhd and Nationgate Technologies Sdn Bhd. These are both still fully operational and producing CAP-XX products. They also have spare capacity as confirmed by the directors in the most recent AGM.

[timmy11] 08/1/2021 12:11

nice one man

[meijiman] 08/1/2021 12:05

The old lines are in Malaysia..they will remain. The new factory is just that....a new factory in a different part of Sydney. This factory will run the acquired Murata lines. My understanding is that two production lines are up and running and selling. The third line will be coming on in this quarter.All more or less on track (with some covid related delays) and importantly on budget.
The company has plenty of cash/headroom.

[klosters65] 08/1/2021 11:58

I presume at their old factory.I wonder if it had enough value to justify the cost and space of moving it to the new one and setting it up.

[roofer2] 08/1/2021 11:08

Remembering that CPX had a production line before installing the Murata line .

R2

[mauricemonkey] 08/1/2021 10:58

"before factoring in growth potential".
They're production capacity limited at the moment. I can see a point in the not too distant future they will need to up their manufacturing capacity - I expect management are already planning for it.

I agree though, there is only one way this sector can go - with governments banning ICE vehicles and the expanding need for high power electronics in other applications, this is a great time to be manufacturing best in class components :)

Onwards and upwards

[roofer2] 08/1/2021 10:33

P/E of 12, for a fast growing sector, P/E of at least 30 and that would be cheap if you bother to look around !
Imo

R2

[mauricemonkey] 08/1/2021 09:31

£7 million gross profit, not net profit. Hence why I was asking about expansion costs and plans.

Edit:
To be fair though, their running costs for the last couple of years (according to their Stockopedia report) has come in at about £1.5m so, yes I agree, probably undervalued here just on the one manufacturing line. As a widget maker I guess we should expect a p/e of around 12-15 before factoring in growth potential. Revenue from licensing IP should also see a nice addition to the bottom line if everything goes as we hope.

All being well, I can see 20p being comfortably achievable in the not too distant future, hopefully this calendar year.

[meijiman] 08/1/2021 09:19

Agree with that roofer. I bt another 100k yesterday. I seem to recall the last Allenby note didn't have any forecasts....wonder if they should put out something with updated forecasts. There again they will do what AK wishes and it might suit him at present time.
For any readers who might not be aware..the Allenby notes can be obtained quite easily if you press the right buttons.

[lobo] 08/1/2021 08:45

A few more for me :)

[roofer2] 08/1/2021 08:40

My thinking is, the production line with the new contracts signed and now operating at near max capacity, generating a near £7 million PROFIT, is worth more than our current market cap on its own, add in the rest and a soon to be court case win against Tesla/Maxwell then we are multiple X our S/P.
Imo

R2