Energetix Share Discussion Threads

[cyberbub] 25/6/2010 15:16

I had some of these a couple of years ago, sold out at 80p for a 30% loss. I am very surprised to see them down at 23p, seems to me like the company has two pretty good products (and a stake in another one, VPHA, where the product is less impressive and perhaps overvalued). I always thought that the fact that they were relatively low-tech would be a major advantage, more reliable and less maintenance, while still IP-protected. Certainly there seems to be interest in the products from good-sized customers. I suppose the point is that until they make actual sales it will be difficult to gauge take-up and potential cashflows, so as to assign a reasonable share price I think there is a good prospect of re-rating here in the medium term, but in the current market climate perhaps investors are just needing to see sales figures. Perhaps the collapse of VPHA's share price has affected confidence too.

[cestnous] 21/1/2010 13:50

2 sells yesterday, one sell today, nothing on plus today, and price up 1%. ??

[bailey9] 25/11/2009 10:24

I am guessing that the mak or break fir this is the CERT certificate for the Genelec. Can anyone guess at the timescale for this.

My attention was first brought to this share as I hold Invesco Perpetual Aim VCT and this was one of their biggest holdings. I was hoping that the 'green' sector would be one of the next buzz sectors and previously held Renewable Energy Holdings, which I bailed out of sometime ago.

I am guessing this share is going to be a roaring suceess or an absolute disaster, with no inbetween. Anyone else any thoughts.

[don muang] 24/11/2009 22:54

nope .... holding and waiting .... after topping up earlier in the year I'm now back to break even on this .... but am staying in .....

[bailey9] 24/11/2009 11:35

Guess I must be the only PI left in this share now.

[bailey9] 19/11/2009 16:53

Must be due a news release soon.

[zap217] 04/11/2009 14:11

Article from November 'Quoted Cleantech'

Time to start selling
The share price of energy efficiency company VPhase has had a poor run in recent months, despite the business having passed several milestones this year. Shares in VPhase, which are quoted on London's Alternative Investment Market, slid during the summer from more than 8.5p each to less than 5p by late October.

VPhase began sales of its first product, VX1, after having achieved CE certification – a prerequisite for electrical appliances before they can be sold in the UK and mainland Europe – in June. VPhase has agreements in place with British Gas Services and Scottish and Southern Energy to trial and commercialise the VX1 Smart Voltage Management device. The company also got approval from the UK's energy regulator Ofgem earlier this year to trial the device under the Government's Carbon Emissions Reduction Target scheme.

The VX1 device uses a straightforward technique to reduce energy consumption in households and small businesses. It exploits the fact that voltages supplied to homes and businesses vary in order to ensure that the electricity distribution network operates effectively.

Across Europe, voltages generally vary between 208V and 253V, with the UK's electricity network having a typical average voltage of around 245V. Because of this variation household appliances are required to operate at the lower end of the voltage range, which means that the electricity entering a household or business can be regulated at the fuse box to a lower voltage, so reducing energy consumption.

VX1 works in a similar way to noise-cancelling headphones, creating a small, anti-phase voltage to reduce the incoming voltage to the building to 220V. So, if the incoming voltage is 243V, it applies an opposite voltage of 23V. This means that a household or small business can save around 10% of electricity usage simply by fitting VX1 to its fuse box.

Having done everything it had to do in order to be able to sell the product legally in the UK and Europe, VPhase now faces its biggest question of all: will householders and businesses buy VX1?

CE certification for VX1 arrived too late to make much of a difference to VPhase's interim results, covering the six-month period to the end of June. The company generated first half revenues of just £60,000 (H1 2008: £0), along with an increased loss of £412,000 (H1 2008: £356,000), so investors' eyes will be on the second half to see if VX1 is the company-maker that VPhase's management believes it should be.

As well as its development of sales channels via utility companies SSE and British Gas, VPhase is developing relationships with electrical goods manufacturers and distributors, housing associations and local housing authorities. Meanwhile, it has established a website and sales hotline, as well as promoting VX1 at trade shows like London's Ecobuild. VX1 has also been featured in the press and on television in the UK.

Of course, VPhase is not alone in the voltage optimisation market. For example, fellow AIM-quoted firm Cinpart owns a subsidiary, Active Energy, which sells a device called VoltageMaster that is targeted at larger, non-domestic applications such as municipal buildings, factories and commercial offices. Meanwhile, other devices that compete directly with VPhase's VX1 have been on the market for some time.

In VPhase's favour is the simplicity of its VX1 device, a stand-alone product that can be readily fitted alongside a household fuse box by any qualified electrician. Also, the company believes that the market for voltage optimisation devices is set to boom as the UK Government wants to roll out related energy efficiency devices, such as smart meters, across 26 million homes and several million businesses over the next decade.

For the immediate future, VPhase needs to show that the product is selling in the short term if its share price is to recover to levels seen earlier this year. A failure to shift VX1 boxes during H2 2009 would not be catastrophic for the business, which had balance sheet cash of £2.5 million (equivalent to 0.4p per share) at the end of June, but it would add to the nervousness already shown by investors in the company during the summer and autumn.

A useful way for investors to get exposure to VPhase, without banking on the whole business, is via Energetix – an AIM-quoted energy efficiency business that owns around 49% of VPhase's shares. Energetix has two other subsidiaries that follow a low-risk strategy of focusing on smart, robust technologies rather than 'cutting edge' science. These are Genlec and Pnu Power.

Genlec has designed a low-cost, wall-hung, micro-CHP (combined heat and power) device for the home. Although it operates like a normal domestic boiler, when the device is heating the home, or the home's hot water supply, it also generates electricity – saving the average homeowner around £200 off his annual electricity bill.

Genlec has relationships with several boiler manufacturers and power utilities, giving it the potential to access all the major European boiler markets. In particular, the company has a product supply agreement with European boiler manufacturer Daalderop that is targeting sales of at least 30,000 Genlec micro-CHP units to the Dutch and Belgian heating markets over the next three years.

Pnu Power has developed a new type of battery for uninterruptible power supplies (UPSs), which are used to protect critical systems from interruptions in electricity supply. The battery works by using compressed air, and the company claims that its performance exceeds that of conventional batteries in terms of both cost and reliability.

Pnu Power has already received orders from the South African utility Eskom, P&E Automation in San Diego and Telecom Italia.

In stark contrast to VPhase, Energetix's share price has done very well since the spring. In May, the company's shares were changing hands for as little as 28p each, but they were trading for around 55p each in late October.

[zap217] 05/10/2009 22:25

Here's the Cleantech article, as the above is not a direct link.


AIM-quoted Energetix is about to start generating significant revenues, according to CEO Adrian Hutchings.







Energetix has developed three products, two of which appear to be on the brink of producing substantial income for the group, which reported interim results in September. The Pnu Power business provides back-up power equipment that is nearly one-third cheaper than lead acid batteries. Pnu's energy storage technology uses compressed air as an alternative to traditional forms of storing energy. The focus is on areas where payback will not take long, such as utility network grids and emergency telephone networks. Telecom Italia, National Grid and M/A-COM Florida have all placed small orders, with a view to multiple orders when the technology is proven to work..

Energetix owns 49% of VPhase, also quoted on AIM, which has gained the CE mark for its voltage optimisation product, launched on the market at the end of the summer. Initially the product is being made in the UK, but when volume production commences it will be manufactured in eastern Europe. The voltage optimisation device will be sold through utility companies, electrical distributors, housing associations and local authorities.

The third component of Energetix is micro CHP boiler technology developer Genlec, which is on track to start field trials before the end of 2009. Genlec is dependent on boiler manufacturers incorporating its technology in their products, so Energetix has less control over when revenues can be generated.

The results for the half year to 30 June showed that turnover had increased to just £123,000 (H1 2008: £29,000) while the group's operating loss was unchanged at £2 million. Energetix had net cash of £6.4 million at the end of June 2009, which includes VPhase, with £2.53 million in the bank. There was a cash outflow of £2.74 million from operations and investment in technology during the six months to June 2009. How long this cash will last will depend on the rate at which revenues take off in the respective divisions.

[rickytarr] 03/10/2009 11:15

Energetix covered in Quoted Cleantech. Here's the link:

[cestnous] 19/9/2009 15:36

Thanks wharfboy. Never mind Zap; I'll buy the next one!

[zap217] 18/9/2009 21:27

How did you get that link? Wasted my money on a paper.

[wharfboy] 18/9/2009 11:34

Here's the link.

[zap217] 17/9/2009 20:31

Sorry =- No link. Went out and bought the paper. I will summarise at weekend. Knackered now.

[qs9] 16/9/2009 22:24

Further success at Vphase and its other "near to or just at revenue" investments IMO will see this through £1+...good so far

[cestnous] 16/9/2009 20:44

Zap

Gottalink? Please.

[zap217] 16/9/2009 20:41

Got the times yesterday. Certainly a lot in the supplement.

[don muang] 16/9/2009 19:52

well, a 1.5p rise everyday between now and Xmas would be nice :-)

[zap217] 15/9/2009 20:03

Those interim results are a really boring read. Still a bit pie in the sky at the moment. share price looking good though

[wharfboy] 15/9/2009 08:32

times supplement on Energetix today looks good for awareness..

[pinkkasti] 14/9/2009 22:54

under the radar Baily9......can be good.

[don muang] 14/9/2009 21:05

Graph looking even better now :-)

[zap217] 12/9/2009 18:51

Still trading at less than cash and VPHA holding.

Graph looking good now. At a year high.

[bailey9] 11/9/2009 19:11

Obviously from the number of posts, this is not one for the small PI.

Was that a tumbleweed?

[zap217] 09/9/2009 19:50

Healthy turnover today.