I(x) Net Zero Share Discussion Threads

[bagpuss67] 12/7/2024 13:26

Bit of interest before this can't be bought anymore on this market.

[catabrit] 04/7/2024 11:46

yep. Less for me but I do not think 1% is wrong. I mean it is close to a 4x on a normal discount and if the business flies then you could be looking at mega VC like returns. So a very interesting risk reward.

[bagpuss67] 04/7/2024 11:40

Me too. Although maybe 1% of my holdings...

[catabrit] 04/7/2024 11:24

One of the few de-listings that has seen some insider buying. I see that as a positive as no director throws good money after bad. Waste Fuel has a lot of upside but a key competitor went bankrupt recently and the funding market for clean tech is not as good as it was. It is a tiny, almost pointless, bet for me but I like having a small percentage of my net worth tied to things like this. GLA.

[bagpuss67] 03/7/2024 09:02

Intersting price action

[bagpuss67] 29/6/2024 13:09

Not sure whether anyone who is staying in here has read the accounts?

Although there is a massive gain on Wastefuel a few things caught my eye.

There is a going concern qualification which is not good. They seem to use a very small firm of accountants

I also had not fully appreciated just how much the executives and NEDs get paid. One director is on £1.5m in FY23.

Finally, OB has written 2 articles on this but doesnt seem to have mentioned the Lion Point put option which will cost £5m. Looks like the are having to take on a loan to settle it.

[slicethepie] 28/6/2024 10:53

Sad end but inevitable given ii attitude towards anything small and illiquid regardless of valuation. Listing fees and esg requirements are expensive and onerous. Sadly there are no longer any real figureheads supporting the Aim market even groups like QCA are lacking a real voice.

[bagpuss67] 28/6/2024 09:30

I added too as will need to sell the ones I have in the ISA. Will just tuck these in the bottom drawer for a few years...

[catabrit] 28/6/2024 09:02

Yep. You now have to seriously consider de-listing risk for anything sub 25m market cap. I spoke to the CEO and he was hopeful of addressing the discount to NAV via a U.K. road show but he has clearly decided against that. It will be interesting to see whether insiders buy more shares ahead of the de-listing. I have added. I have quite an eclectic mix of delisted shares now!

[dr biotech] 28/6/2024 08:46

Another delisting with management saying it’s in the best interest of shareholders when the share price halves. Clearly the market doesn’t believe the NAV

[catabrit] 31/10/2023 10:29

This is on a monster discount and I am happy to nibble and wait for that to resolve itself.

[babbler] 29/9/2023 09:00

NAV here almost doubled since December At over 1 quid a share. What gives?

[imjustdandy] 16/8/2023 13:13

So under the radar. Easy 50p over the coming months

[sharebuyerzero] 15/8/2023 12:53

Zero news flow

[deadshot is back] 06/7/2023 14:48

Took off :)

easy 1.2k profit in 2 hours.

[deadshot is back] 06/7/2023 14:32

I think 30p will be smashed shortly.

[deadshot is back] 06/7/2023 14:29

Nav about £105m

That's equivalent to 100p?

Is something wrong with mcap listed on advfn. I


bp's $10m investment, leading the Series B investment round, results in a a material uplift in the NAV attributable to the Company's holding in WasteFuel. Following bp's investment, the unaudited NAV of the Company's equity interest in WasteFuel is $131.69m, a 181% uplift from the last reported audited NAV ($46.91m as at 31 December 2022). Furthermore, the Company's Portfolio NAV has increased from $63.84m as at 31 December 2022 to $148.62m*.

[check your facts] 06/7/2023 13:54

Dear god, Mr Greeny guy chasing shares?

[tomboyb] 06/7/2023 09:41

100% -

BP invests -

[lazygun] 15/5/2023 23:29

Nzi also an interesting one. Picked a good business for an RTO last year, only to be scuppered at the 11th hour because of the markets being spooked…

Word has it that NZI have some other options being worked through at the moment though….

L

[hedgehog 100] 29/4/2023 20:15

Lazygun,

Since IX. floated on 9th. February last year, there has been a general massive re-rating downwards of loss-making and green energy companies, of the sort that constitute IX.'s portfolio.

But re-ratings can overshoot (on both the downside and the upside), and IX.'s portfolio looks to have more substance to it that most.
Certainly IX's.'s CFO seems confident judging from his large buy this week, though it was at 8.5p/share, under half of IX.'s current share price of 18p.

So I wouldn't currently chase the shares at this price, but the green energy sector should still have a lot of potential going forward.

Better value at the moment is probably ARA (Aura Renewable Acquisitions), which looks to be one of the best value shells I have ever seen: trading at a large discount to cash (of about a third), despite minimal cashburn, and exciting near term deal prospects.

And of course as a company looking to acquire a green energy company (in a RTO), it actually benefits from the reset downwards in prices, as it will get 'more bang for its buck', and also benefit from the worsened IPO climate, which promotes the RTO route for floats.

Though paradoxically, ARA's share price has gone down as well, when it should really have been going up!

Aura Renewable Acquisitions (ARA) 5p Market cap. £525k. Cash c. £800K.

[lazygun] 29/4/2023 19:14

anyone know why the drop from the 50's/60's to 10p area?

L

[kemche] 10/3/2023 14:27

£62m to £9m in a year.

Hmmm......

[hedgehog 100] 09/2/2022 17:14

"London Stock Exchange Welcomes i (x) Net Zero to AIM

Posted: 09 February 2022

Today, the London Stock Exchange welcomes i(x) Net Zero PLC ("i(x) Net Zero” or the “Company”), an investment company focused on Energy Transition and Sustainability in the Built Environment, to AIM after it raised £10.7 million (the “Fundraising”).

The i(x) Net Zero business model is to accelerate the growth of its investee companies through the investment of catalytic capital and proactive engagement. This includes leveraging the management team’s long and broad experience in financial markets to help maximise impact through scale.

Central to i(x) Net Zero’s success is its belief that some of the world’s biggest problems present significant market opportunities. The Company’s purpose is to provide shareholders with the opportunity to create long-term capital growth with a positive impact on the environment and the communities it serves. This is combined with a core belief of democratising opportunities and ensuring that more investors, big and small, can make their own contribution.

Founded by Trevor Neilson, Pär Lindström and Howard W. Buffett, the Company was designed to use a multi-strategy investment approach to produce institutional quality returns and achieve measurable, scalable impact. To date, the Company has invested in six companies, three of which are committed to facilitating and accelerating energy transition and the other three committed to building sustainable and affordable housing.

Steve Oyer, Chief Executive Officer of i(x) Net Zero, commented:

“We are delighted to be listing in London today. Admission to AIM is the next step in i(x) Net Zero’s development. The level of investor interest in i(x) Net Zero has been extremely encouraging and has reinforced our belief that the UK will continue at the centre of the impact investing universe.

The Company’s goal is to produce quality returns through long-term capital growth with positive, scalable and sustainable impact. Its focus will be to invest this catalytic capital into companies working towards overcoming humanity’s biggest challenges such as climate change.”

The Fundraising was conducted by H&P Advisory as financial adviser and joint broker and Shore Capital as nominated adviser and joint broker."

[daicaprice] 09/2/2022 14:07

I nearly subscribed through Pello, looks very interesting and I will certainly be keeping a close eye for any dips long term.

DC