Intelligent Energy Share Discussion Threads

[andyr42] 30/3/2017 09:58

filster ..care to share which two companies you moved the money to, need to recover my losses too.

[filster] 30/3/2017 09:56

Yep that spike last week was a really low blow.

I've sold out of most of my holding here. Clutching at the straws seemed like the wrong thing to do. I've moved the money in to two companies that I should have put the money in, instead of recently increasing my holding here.

[glenkaz] 30/3/2017 09:53

Wish I was at the meeting today! They released that news last week to sucker mugs like me who has lost £9k they are pure sc/m! Snotty geeks! Bast/ards! Feel well and truely conned! Gla!

[filster] 30/3/2017 09:32

I guess the Rail 'deal' that 'Kash' mentioned is complete rubbish then!

[filster] 30/3/2017 09:31

Ouch, this is disappointing news and has effectively compounded the bad news.

I wasn't going to the AGM today, but almost wish I was now, although I don't think I'd be able to bite my tongue.

I don't think I called this right at all - @Norbus was the one calling it right all along.

[sleveen] 30/3/2017 09:26

Delisting soon.

[ibug] 30/3/2017 09:18

NEXT NEWS SHOULD BE FROM THE AGM MEETING TODAY AT 2PM.

[angus17] 30/3/2017 09:07

mally6 yep thats how it works.

[ibug] 30/3/2017 09:07

Well at least the business still has 12million in cash at a burn rate of 1.6 mil/month before extra cash is needed

A lot can change in six to eight months

[mally6] 30/3/2017 09:06

Why do u think they released that rns to let all there mates out before reality hits

[andyr42] 30/3/2017 08:50

Give it up ibug. I gave up on this after today's RNS, it really is in the hands of vultures now as correctly stated by someone earlier. Great products but cannot see it surviving. Also where are the orders? Take your losses and invest somewhere else. I am not just saying it, I've done it though I got in lower than most @ 8-10p and got out around 6p. Still loss is a loss. Extremely disappointed as I built some hope before today. filster was right I have to admit.

[ibug] 30/3/2017 08:40

On a more positive note.....H1 2016/17 cash burn, including operating losses, working capital movements, loan interest and tax is estimated at an average of GBP1.3m per month, or GBP1.6m a month adjusting for the impact of R&D tax credits received in January 2017

-- A contract was signed in February 2017 with US-based Luxfer-GTM Technologies for the supply of up to 600 1kW fuel cell modules for use in their portable, zero-emission lighting towers as part of a growing strategic relationship in the development of a line of integrated fuel cell products

-- Showcase demonstrators of stationary power related fuel cell modules and systems have been deployed in Japan, China, India and the US

-- It was announced in the first half that the Group's fuel cell stacks will be used for a trial of Suzuki Burgman scooters with the Metropolitan Police in London in the summer of 2017

-- Paid for demonstrators of the Group's lightweight stack technologies have been delivered to drone market participants, including an announced relationship with PINC, the US-based supply chain management company. This segment is considered to have the ability to scale significantly for the Company

-- Continued improvement has been delivered in H1 with respect to the stack life, durability and efficiency of the Group's proprietary air cooled fuel cells, which are protected by c. 1,800 patents and patents pending. The Group's fuel cells continue to be considered as industry leading with respect to power output per unit volume and power output per unit weight

-- Standardised product is now available for sale including:
o AC 10 stack, up to 320w

o AC 64 stack, up to 2.7kW

o AC Fuel Cell module, up to 2kW

o AC Fuel Cell Power Unit, up to 4kW

[potential] 30/3/2017 08:39

Can see it hitting below 5.5p

[potential] 30/3/2017 08:35

Bloody hell feel sorry for the holders!!Sell while you can !!!!

[pugugly] 30/3/2017 08:32

Looks like the end of the road as a stand alone quoted coy - either taken private or "Vulture" scalping t/o at a nominal price. Sorry for all who hold or gut sucked in on recent spike.

" In the context of raising additional funds, the Board, in consultation with advisors, has concluded that it is unlikely for the Company to be able to access capital markets in the usual manner to bridge the gap between the current cash position of the Company and growing profitable sales to the level where the Company is generating free cash flow.

It is also considered not possible to achieve cash generation through further cost reduction alone, or to materially reduce the R&D and operating cost base further without negatively impacting core capability. A major non-operating cost, of c. GBP1.2m per annum, or 7% of total non-financing cash costs, relates to being a listed company and complying with best practice corporate governance and Board structure. The Board believes that with restructuring complete and access to public market funding uncertain, this position should be subject to urgent review.

Consequently, the Board recognises that discussions are appropriate with the principal holders of the Convertible Loan Notes, who are also significant shareholders in the Company, as to their intent with respect to their current equity stakes and their loan note positions, as well as to their appetite and ability to participate in a further financing for the Company. "

[andyr42] 30/3/2017 08:26

Sold out at a loss. Today's RNS was really bad, didn't expect it so dire. Best wishes to you all.

[ibug] 30/3/2017 08:26

Drone Market......Drone manufacturers have bought demonstrator fuel cells...Some could translate into customers.

Paid for demonstrators of the Group's lightweight stack technologies have been delivered to drone market participants, including an announced relationship with PINC, the US-based supply chain management company. This segment is considered to have the ability to scale significantly for the Company

[tez123] 30/3/2017 08:22

Surprised it's not fell further.

[norbus] 30/3/2017 08:19

Over egging a pudding makes a sweet repulsive

[patientcapital] 30/3/2017 08:19

Another ramp bites the dust..

[ibug] 30/3/2017 08:19

JDA Deals.....If the company manage to get a clutch of JDA deals away, implied by the RNS then the financial picture changes quite a bit imo

[ibug] 30/3/2017 08:11

H1 2016/17 cash burn, including operating losses, working capital movements, loan interest and tax is estimated at an average of GBP1.3m per month, or GBP1.6m a month adjusting for the impact of R&D tax credits received in January 2017

-- A contract was signed in February 2017 with US-based Luxfer-GTM Technologies for the supply of up to 600 1kW fuel cell modules for use in their portable, zero-emission lighting towers as part of a growing strategic relationship in the development of a line of integrated fuel cell products

-- Showcase demonstrators of stationary power related fuel cell modules and systems have been deployed in Japan, China, India and the US

-- It was announced in the first half that the Group's fuel cell stacks will be used for a trial of Suzuki Burgman scooters with the Metropolitan Police in London in the summer of 2017

-- Paid for demonstrators of the Group's lightweight stack technologies have been delivered to drone market participants, including an announced relationship with PINC, the US-based supply chain management company. This segment is considered to have the ability to scale significantly for the Company

-- Continued improvement has been delivered in H1 with respect to the stack life, durability and efficiency of the Group's proprietary air cooled fuel cells, which are protected by c. 1,800 patents and patents pending. The Group's fuel cells continue to be considered as industry leading with respect to power output per unit volume and power output per unit weight

-- Standardised product is now available for sale including:
o AC 10 stack, up to 320w

o AC 64 stack, up to 2.7kW

o AC Fuel Cell module, up to 2kW

o AC Fuel Cell Power Unit, up to 4kW

[rock star] 30/3/2017 08:04

I hope they survive in some form. I feel sorry for shareholders. How the managed to IPO at the price they did I have no idea!

[ibug] 30/3/2017 08:04

Well at least the business still has 12million in cash at a burn rate of 1.6 mil/month before extra cash is needed

A lot can change in six to eight months.