Ilika Share Discussion Threads

[horneblower] 23/1/2020 15:31

freedosh.
Afaik the company do not hold any critical IP in solid state.
I saw a mention in the US tip sheet. It was short on facts and long on bs.

[volsung] 23/1/2020 14:04

Bought a few more on the dip. Av now 40.3p Fall overdone IMO

[freedosh] 23/1/2020 13:38

Hi folks. I am not currently an investor here but recognise some familiar names (hello again abergale)and others of high repute. I am an enthusiast for cutting edge tech and some months ago came across this company mentioned in a major US tip sheet. It was a minnow in comparison to all other companies. I was though intrigued and have been following progress since then so was at 20p - ruing the fact that I didn’t act.
I have been interested in the development of solid state batteries for for some some time but also note a revised activity in fuel cells as an alternative for evs. The infrastructure role out though currently favours batteries.
The IOT is also a potential blockbuster here.
I have a question and maybe someone in the company can help? What caught my eye was the suggestion that the company MIGHT hold some critical IP in solid state. Is that so?
Thanks.

[a.fewbob] 23/1/2020 12:57

Yes, pretty much the case.

Although,

There current micro batteries do have sone excellent properties in that they work in extreme temperatures.
I know the Goliath batteries are very different, but I imagine solid state batteries adopted by the market will be diverse to a certain degree.

[swiss paul] 23/1/2020 12:52

Horneblower I refer you to my
16 Jan '20 - 13:08 - 2634 of 2662

Its atypical to one run by research focused individuals - just look at IQE.

Don't forget its a binary bet - its the batteries cos nowt else in the pot

[horneblower] 23/1/2020 12:43

Large solid state batteries COULD be a world saver but they will need to be much better than the current Tesla type batteries in that their power to weight ratio must be better and their cost must be lower (once large-scale manufacture is achieved).

From my visit to the Goliath research facility I got the impression that these goals were distinctly achievable once the material makeup had been optimised.

This is great. However, I know there are other companies out there doing similar stuff, so if IKA is going to achieve anything they have got to come first. There are no prizes for coming second!

[horneblower] 23/1/2020 12:29

"they seem to develop new tech very quickly"

My problem with them is that they are the opposite of quick.

Goliath COULD work...but only if they are quick and commercially savvy.

Imo they do not really have leading technology but that wouldn't matter if they were quick and commercial. Sadly, they have proved to be neither in the past which is why I suggest a change of top management.

[varies] 23/1/2020 12:25

The cash burn is disconcerting but we are told it will be lower in the second half.
IKA needs partners with long pockets to help pay for its projects.

[diesel] 23/1/2020 12:06

There is little doubt that they have some innovative tech, but they have been promising on the miniature batteries for years. The key to success is not just the tech but whether the cost/performance is acceptable, that's the tricky bit!

[tp5588] 23/1/2020 12:00

AFB “They really won’t need anyone in sales!!” Just as well mate. I do own shares & therefore try to be hopeful as well. I just get the impression that these guys are too comfortable putting out rubbish results, regurgitating 6 mths of rns’ & doing not much else. Actually the M50 launch in their highlights doesn’t even relate to the last 6 mths but they needed something to pad out that section. We’re also a manufacturing company now apparently. In terms of commercialisation, their learning curve appears almost flat. I don’t think they should be as happy with themselves as they appear

[a.fewbob] 23/1/2020 11:31

Tp558

All that matters is the development of the large scale solid state battery.

If they can get the prototype optimised, tested, manufacturing process at reasonable cost base done,


Then we are off to the races.

They really won’t need anyone in sales!!

The market is desperate for such a product.

I have faith in this company, they seem to develop new tech very quickly and appear to be at the leading edge.

[abergele] 23/1/2020 11:22

A good few of the red 36p are buys, mine included.gla

[tp5588] 23/1/2020 10:28

Yeah, uninspiring results. The fact we knew what they were last Dec doesn’t make today any better. Agree with “The company should be operating with greater urgency…. A change of management might help as the current pair only seem to do slow and steady...imo.” and “And all the while these people are paying themselves handsome rewards for failure. Purdy paid himself £282k last year, including a bonus! A bonus for what exactly?”

In videos/ presentations GP appears far more comfortable talking about the science & less so about commercial aspects where he’s vague & a bit unsettled. I get the impression they’ve been lead down the garden path a few times by potential customers & not been savvy enough to spot it or construct & finalise a deal in the first place.

Since 2016 NED’s have changed, 2 or 3 different Sales VP’s & still no meaningful contracts. Unable to get it done in the last 10 years, do the directors really think they’d be able to do it in the next 10. Probably not. The only hope is that the science/tech/ UK Gov’t takes care of the selling for them. Whether they have contracts or not in the future, a science orientated ceo will always be a drag on the company

[horneblower] 23/1/2020 09:28

Yes. The potential of making any income!
Their history is not encouraging but the current Goliath trials are promising. They will have to licence their tech to get income. They should be talking to manufacturers now with the idea of starting production THIS YEAR.

[nw99] 23/1/2020 09:14

All about the potential the results were well flagged

[horneblower] 23/1/2020 09:00

So, annual loss to end October about £2.5M
Cash in bank at end of October £3.6M, now probably about £2M.

I can't see new income in the next twelve months so either a cash raising, a government grant, or a takeover.

The Goliath battery research plant is an excellent asset that COULD produce a result in the next twelve months. It needs to if IKA is to survive.

The company should be operating with greater urgency as there is that small consideration of saving the planet as well as trying to survive by making a profit. A change of management might help as the current pair only seem to do slow and steady...imo.

[nw99] 23/1/2020 09:00

Buy around 34p

[swiss paul] 23/1/2020 08:52

Jak, exactly - as Mr C says on the Lemon Fool - Anodyne commentary. Still surviving on grants.

Volsung - inflection point maybe - bounce - dead cat more like!

IOTS

[volsung] 23/1/2020 08:23

Will bounce soon

[global nomad] 23/1/2020 07:50

Al H, i think the speed of previous developments over the last decade or two was down to lack of motivation or support in the need to replace previous technologies - the latter having marginal improvements constantly. The shift in sentiment and demand in the last few years into clean energy and associated tech has already accelerated investment and demand and hence the timescales will shrink. this decade will be very interesting for the significant step change in the way we do things. short and medium range electric aircraft are expected in use in 5-10 years.

I hope that Ilika continues to take its place at the front of this shift.

[nw99] 23/1/2020 07:45

Looks good upwards and onwards

[this_is_me] 23/1/2020 07:44

Yes, that is about right.

[18bt] 23/1/2020 07:39

It sounds convincing as it always does. Jam is still tomorrow, but brought forward from the day after tomorrow