Ilika Share Discussion Threads

[horneblower] 20/10/2019 18:27

So, you're saying that the 30% increase in "turnover" is a success when the actual increase in sales is a huge negative?

Where are the sales from their original business?

They've had a working solid-state battery for well over two years and the sales from this? Zero. And the one biggish customer they had seems to have gone.

Why am I here carping. Because I had high hopes for this company and they have wasted all their advantages. It makes me angry to see good science turned into accountants slush-funds.

They are good at one thing and one thing only...getting government grants.

[gary38] 20/10/2019 16:38

In all conscience, how can you include government grants as part of turnover in the first place???-------------------------Because you have to, which you know,so it leaves open the question 'why are you going to such lengths to turn a positive into a negitive'?.

[horneblower] 20/10/2019 14:03

30% turnover increase.
Sounds good doesn't it?

It's a leap from £2m to £2.6m!

But how is that made up?


Turnover............................Year ended 30(th) April

....................................2019.................. 2018
....................................GBP................... GBP

UK Grants .....................2,244,429 .............1,252,747
Customer 1 ........................3,163 ...............565,887
..............................-----------............ ----------
Total..........................2,589,736 .............2,051,177



Oops. Customer 1 seems to have disappeared.

UK Grants seems to have gone up from 61% to 86% of turnover !

In all conscience, how can you include government grants as part of turnover in the first place???



6 months has passed since the 2019 accounting period so maybe things have improved.

[gary38] 20/10/2019 11:21

The growth in Ilika's research and development project funding is reflected in nearly 30% turnover growth and stronger than expected year end cash balance. This strong technical and commercial progress forms a SOLID FOUNDATION for continued progress in the coming year."I particularly like the last statement .

[gary38] 18/10/2019 21:03

Sounds like you are not invested here,if so why are you wasting your time attacking this share .

[horneblower] 18/10/2019 14:30

It all comes down to the whether the technology the company is pursuing is going to be successful and whether you believe the management of the company has it in them to build up the company IF the tech succeeds.

Sadly, I've come to the conclusion that the answer to both those questions is no.

Not that you can't make solid state lithium batteries. You can. But scaling them up to, say 3 Watt cells is another matter.

And if they did? What have they got that Panasonic won't be able to emulate?

The company is run by accountants!

[this_is_me] 18/10/2019 13:45

While what you post, Jack, is true it is irrelevant. The key judgement to make is about the risk against the potential reward of making large amounts of money from a step advance in technology. In my view the potential rewards are an order of magnitude greater than the risk. If yourself and Stockopedia think differently that is your prerogative.

[gary38] 18/10/2019 13:03

Not showing my 35,909 buy here.

[gary38] 18/10/2019 12:49

Like the tec,which is the future,possible buy out,possible short to medium trade with possible 50 to 100% trade target .For me its a good risk to reward.DYOR

[gary38] 18/10/2019 11:25

Just brought two lots here :- 35909 showing a sell and 8383 showing as a buy.

[supernumerary] 14/10/2019 11:57

hb - Dyson has already said he'll continue work on the batteries, because they could be useful in his other products. Implies to me they're not a commercial proposition yet, and of course may never be. It's a hard nut to crack.

[tp5588] 14/10/2019 11:40

Have a different take: Dyson probably pulled out because of both, although they’re related. Sakti3 strikes again :)
Proves that there are barriers to entry and financial muscle is not the only or deciding factor. Experience & tech capability mean more. Dyson & IKA are 2 different animals. One has revenue & profits and probably had a culture shock seeing a lot of cash being spent on something that generates nothing immediately. IKA don’t have that pressure as such (sometimes to our annoyance) and have just a single purpose.
Not sure anyone would be interested in using Dyson batteries (if they exist) if Dyson wasn’t.
The news is positive for IKA as it shows that every T D & H can’t just jump in. Maybe the “team” aspect mentioned by KJ is indeed a crucial factor

[horneblower] 14/10/2019 10:57

Dyson has pulled out of his electric car project either because his batteries didn't work or because the economics of the whole project didn't stack up.

I hope it was the latter because if his batteries didn't work it is bad news for IKA, who has only a fraction of the financial muscle to make theirs work.

If, on the other hand, his batteries do work and the project was pulled for economic reasons then his batteries will still be in competition.

It will be interesting to see whether he continues the battery project or not. Imo the Dyson battery project will continue.

[a.fewbob] 14/10/2019 10:12

Yep,

Unlike Musk, Dyson has a brain.

If you have a cash generating business, why would you invest in a cut throat low margin saturated business where you are competing against established giants like VW, Nissan, Toyota, etc etc.

Very bad business decision made to go into that!!!!!!

[tp5588] 14/10/2019 10:05

Dyson's Out!



Full non subscription article can be seen by Googling Why Dyson pulled the plug on its fantastic electric car

[a.fewbob] 08/10/2019 14:51

More good news, can only help.

[a.fewbob] 30/9/2019 20:41

Thanks, very interesting and nice to note that I was correct in saying that the main obstacle was finding a cheap manufacturing process for Ilikas Goliath battery concept.

So, they are going down the printing route. I imagine it might be some kind of 3D process???

Exciting times!!

Prototype would see IKA rocket.