Ilika Share Discussion Threads

[horneblower] 20/4/2020 10:08

Ok.
What did you think of the cash allocation of the £15M?
I was surprised at how much they pushed towards Stereax particularly as I imagine that the money was mostly raised on the promise of Goliath.

[horneblower] 20/4/2020 09:47

I promise you, the Goliath manufacturing process is simple. It's called screen printing. That is not to say that the optimised product isn't special. If they can find a really good combination of materials, blends and thicknesses which results in a product even only as good as the current 'wet' cells they will be doing extremely well.

They have not released any data, which is disappointing but may not indicate that they have not achieved parity yet.

They've been at it (optimisation) for six months at least and should have results by now. I only hope that the turgid way the presentation was done is not an indication of what they have achieved. I wish them luck.

[swiss paul] 20/4/2020 08:55

"So revenue increasing to 15m doesn’t interest you?"
Nope not one little bit - profit, profit, profit. How do you know they are not giving stuff away. Go to the IQE board and see another organisation that has boffins in charge, lots of turnover but never made a profit yet.
"They have a tangible product. They would not have any interest from any of there collaborators if the thing wasn’t promising!!"
Interest does not equate to turnover - or indeed profit. I am interested in lots of organisations - but would I invest?

"They would have to be bloody morons not to be moving Goliath ahead as fast as they possibly can.
Unfortunately the business of developing, optimising, testing, working out a cost effective manufacturing process, setting up OEM deals etc is not a simple affair

So why is the CEO running off to be a NED at another organisation?

[a.fewbob] 19/4/2020 23:23

Because that would be ridiculous at this stage. The micro batteries have excellent prospects. They are selling and will soon be selling at volume.

If Goliath if simple, then that would be simply amazing considering how long companies have been chasing that holy grail!!

They have a tangible product. They would not have any interest from any of there collaborators if the thing wasn’t promising!!

They are moving ahead with development in exactly the same way they did with the micro batteries. If they give the appearance that they have no got the bit between the teeth then I’m sure that is just an appearance. These people are not stupid.

I’m sure they realise the value of consumer electronic sized solid state batteries!!!!!!

They would have to be bloody morons not to be moving Goliath ahead as fast as they possibly can.

Unfortunately the business of developing, optimising, testing, working out a cost effective manufacturing process, setting up OEM deals etc is not a simple affair.

[horneblower] 19/4/2020 23:07

I've seen forecasts like that before.
Why isn't it £150M?

[a.fewbob] 19/4/2020 23:01

So revenue increasing to 15m doesn’t interest you?

[horneblower] 19/4/2020 22:56

Well, good luck.
I apologize if I sound like a bitter troll. However, I have been following this company for many years now and they have always managed to disappoint. Frankly I put this down to the management. Despite having good prospects in the past they have never been able to break through to success.

Admittedly they appear to have another good chance with the Goliath program. However, the tech they are using is very simple and will only become really profitable if they discover an optimal solution fast. I cannot see how they might protect their formula with a patent as it will simply be a specific mixture of readily available elements.

Their best chance is to be first, in which case they need to get a move on but there's little sign of any urgency.

I'm really sorry to be negative and hope that they get lucky but am not optimistic as this latest presentation says nothing more than was presented on the 6th December last year.

What I would love to see them doing is giving monthly or even weekly bulletins showing their latest optimal battery results (assuming they are any good).

That would get some attention....start to believe in your company's ability to succeed.

[swiss paul] 19/4/2020 22:04

"They don’t make a fuss, they just get on with it". Yep taking more of your money for research, at heart they are boffins with no commercial acumen.
This companY is all if's but's and maybe's.
ThEy can talk to as many people as they like but until the ink is on the contract then it don't mean jack.

IOTS
dyor ETC

[a.fewbob] 19/4/2020 15:00

I felt the presentation was very good. The whole purpose of which is just to neatly package all current news. I can’t see them giving away too much on the Goliath spec. Why would they?

[a.fewbob] 19/4/2020 14:57

They don’t make a fuss, they just get on with it.

A few months ago they didn’t even have a Goliath battery. It just appeared with no fanfare.

That in itself was massive news!!!!

They are obviously testing and optimising it just as they did with the micro batteries.

When they have the details sorted, subject to cost and manufacturing processes which we know nothing about, these could sell like hot cakes.

Instant multi billion, multi national company making stuff. They are talking to multiple oems, including an Italian car manufacturer. Of which I think their is only one, right??

Fiat?!

[a.fewbob] 19/4/2020 14:51

Slowly slowly catchy monkey!

[horneblower] 19/4/2020 13:58

I listened to the presentation.
I did not expect to hear anything new and was therefore not disappointed.
Extremely dull. The big questions remain unanswered. Where have they got to in the past six months with optimising the Goliath cell? What is the peak output in amp hours etc. Until we get these figures there is no useful info.
Purdy's answer, right at the end of the presentation, to the Invigilator's question about low director take-up in the rights issue was shockingly complacent.
This is what worries me most about the company. Lack of zeal, commitment, urgency and ambition.

[a.fewbob] 19/4/2020 13:23

I’ve also spent a fair bit of time YouTubing Tesla’s.

Did you know that not only are the battery packs water cooled, but so are the motors, and main computer panel!

They really are not as simply as you might think.

Draining the fluid system for repairs is a major headache since any air locks will destroy the car.

My brother in law has a VW hybrid. It’s only got a small battery with I think about 25mile range. He barely ever uses the engine.

[a.fewbob] 19/4/2020 13:17

Hornblower,

Don’t get me wrong, I get electric cars. I just don’t think they are currently viable with current battery technology.

I was mainly having a dig at Elon Musk.

He behaves like he’s some kind of guru when in fact he’s done nothing special. The main car manufacturers haven’t gone big into EVs because hybrids at the moment make far more sense.

Vast majority of people’s journeys are sub 30 miles. So you only need a small battery. For occasional longer journeys you can switch to fossil. That is proven to be far better for the environment than fitting every car with a massive lithium ion battery which is horrendously bad for the environment.

Solid state batteries which will be smaller, safer, charge faster, last much longer will hopefully also have a far smaller environmental foot print.

[a.fewbob] 19/4/2020 11:38

You have to sign up, it’s free.

Then do a search fir Ilika on their site and you will find the presentation. It really worth the slight hassle!!

Very detailed.

They are on the cusp of profits and have an extremely competent team.

Goliath battery project is going to turn this into another ARM.

[horneblower] 19/4/2020 10:57

I can't find it.
What's the link, please?

[a.fewbob] 18/4/2020 19:15

Found it,

I thought it was an extremely positive presentation.

Rev of 15m forecast (covid allowing!!) is really good. And they are talking to a host of companies...

Really great company. I’m very confident they will be super successful with their consumer level batteries too.

Can’t wait!!

[a.fewbob] 18/4/2020 16:50

What presentation?

I missed that, can you give us the link please.

[jimmyann] 18/4/2020 16:41

Did you listen to the presentation? Obviously not!! Ilika will do very well. We just need to bottle the day traders who clearly don"t have a clue and don't give a damn as long there is profit in the short term.