Intelligent Energy Share Discussion Threads

[ibug] 31/3/2017 11:39

Here is what the company says about its prospects:

Overall, IE believes that it possesses the technology and capability to produce product at the required price points to scale the business.

The presence of its in house manufacturing capacity also means that IE can produce at volume without necessarily incurring significant incremental capex, with the target of scaling the business in this manner through to free cashflow positive.

This is envisaged to take place within the next few years, subject to additional funding. .

Critically, IE also believes that the requisite level of demand exists for its products, although it has taken longer for IE to deploy standardised product than first thought.

Now that a series of standardised products are available, sales are expected to scale more rapidly.

[ibug] 31/3/2017 10:52

If the company get the funding they need in addition to the 12 million in the bank they should be ok for two more years. So let's just see what happens.

[norbus] 31/3/2017 06:46

Most likely avenue for more money is through the Iraqi's Hedge fund, hard when provided £30m LnStk convertible @8p to give it 75% of the company. I guess he would want 91%
to be able to deal . A Steal if he pulls it off,

[2acorn] 31/3/2017 01:22

This will of course recover ...they have world changing technology for f...S sake!!

[glenkaz] 30/3/2017 19:38

Ieh geeky tw/ts! Ctag! Mark 2! Pump dump! I will never put 1p in this disgusting! Gla! I've been conned! They could have released news last week this week ! Mates rates!

[weird_dave] 30/3/2017 18:35

That's like saying the lock on the car door still works after you've had a high energy collision with a lorry...
The kids are still OK in the back, the fire won't reach them for another 6-8 months....

[ibug] 30/3/2017 17:31

This bit looks promising:

Intelligent Energy said it has completedi its restructuring activities, and said it was now focusing on what it considers to be "material growth opportunities" whilst substantially reducing its cost base.

[ibug] 30/3/2017 17:25

This article lays out the trade and finance issues:


Intelligent Energy Holds Talks With Lenders For Further Financing
Thu, 30th Mar 2017 14:09

LONDON (Alliance News) - Intelligent Energy Holdings PLC on Thursday said it has now completed restructuring activities, though is expecting a large decline in revenue in its first half and said it is in talks for future funding.


Shares in Intelligent Energy were down 32% at 5.80 pence on Thursday.

The energy technology group said it expects its revenue for the six months to end March 31 to come in at GBP19.0 million, having been GBP43.9 million for the same period a year earlier. This is because the results a year earlier include a contract with with Indian telecommunications-tower energy provider GTL Ltd, which was terminated in November 2016.

Intelligent Energy expects its adjusted earnings before interest, tax, depreciation and amortisation to be a loss of GBP9.0 million, narrowed from a loss of GBP21.6 million a year earlier, and also expects its pretax loss to have narrowed to GBP12.0 million from GBP67.3 million.

The GBP67.3 million loss the prior year included GBP23.9 million of impairments and inventory write downs.

Intelligent Energy said it has completed its restructuring activities, and said it was now focusing on what it considers to be "material growth opportunities" whilst substantially reducing its cost base.

Its headcount at the end of February was 158, down from 381 at the end of March 2016, and Intelligent Energy has restructured its Indian based activities to support fuel-cell product sales.

Intelligent Energy said it was continuing to focus on progressing fuel-cell product sales from the conversion of global pipeline opportunities, and said it "possesses the technology and capability to produce product at the required price points to scale the business".

The group is looking to move an estimated cashburn of GBP1.6 million per month after interest on the convertible loan notes to a positive cashflow position over the next few years.

Intelligent Energy said it is unlikely for the company to be able to access capital markets in the usual manner to bridge the gap between its current cash position and growing profitable sales to the level where the company is generating free cash flow.

Intelligent Energy said it is also unlikely to be able to achieve cash generation through further cost reduction alone. As such said talks with the holders of convertible loan notes, who are significant shareholders, will be held as to their intent with respect to their loan note positions, as well as their current equity stakes, and whether they have an appetite to participate in further financing.

Intelligent Energy said it is urgently reviewing all other options, though said there is no certainty over the outcome of its future funding talks.

By Hannah Boland; [e-mail]; @Hannaheboland

Copyright 2017 Alliance News Limited. All Rights Reserved.

Alliance Newsletter​

[runwaypaul] 30/3/2017 12:39

Et La Dumpe

hope ppl took my wally alert posts re glenkaz on board.atb

[nickyharvey] 30/3/2017 12:35

ashtree2,as last years convertible debt is secured against the IP, 'a bit foolhardy' is a bit of an understatement!

[ibug] 30/3/2017 11:55

LSE TO AIM LISTING...the cost of an AIM listing is far lower so why not transfer from the LSE to AIM?.

THE BUSINESS MAY NOT DELIST SIMPLY TRANSFER FROM THE LSE TO AIM...saving about 900,000GBP/ YEAR LSE costs.

[ashtree2] 30/3/2017 11:34

I thought the rns last week was a non rns ,ie not tranformational in money terms,just interesting so dont really follow why the price peaked last week.Todays rns states how it is and most of it we knew.However cant see this one going bust because of its IP which presumably where the value is.I added this morning,perhaps a bit foolhardy.gl

[andyr42] 30/3/2017 10:58

filster, SXX looks world class.

[ibug] 30/3/2017 10:56

DESPITE ALL THE SPECULATIVE DOOM AND GLOOM THE MACD CHART looks like its getting ready to cross the signal line into more positive territory.

[ibug] 30/3/2017 10:52

That is all about FAA/ CAA approval...some countries approved already...USA is lagging behind on that one but no problems in many other parts of the world.

[itsmyshares] 30/3/2017 10:47

There is no future in drones. As they are too dangerous to airoplanes and evades peoples privacy rights. Oneday there maybe a new law that the public ones can only be used in private property.

[ibug] 30/3/2017 10:47

It looks more likely that the company will be asking the holders of the convertible loan notes for more financing by using their IP portfolio as collateral...it therefore remains to be seen what their decision will be...that might come today at the meeting after 2pm.

The following is an extract from the RNS:

As part of these discussions, the Board and advisors will be urgently reviewing all other options available to the Company and the Group, whilst recognising the circumstances that the Company faces. It should be noted that constraints exist which include the security granted over the Group's intellectual property portfolio (as part of the refinancing of the Company in 2016) in favour of the holders of the Convertible Loan Notes and the need to obtain the consent of a majority (by value) of the holders of the Convertible Loan Notes before further debt is taken on by the Company that ranks ahead of (or pari passu with) the Company's obligations to the holders of the Convertible Loan Notes.

[ibug] 30/3/2017 10:22

They could borrow the money possibly from Meditor who own 75% of the business by using their patents as collateral. imo

We may find out later this afternoon.

[sleveen] 30/3/2017 10:17

Nail on head there LW425

PI seem to only invest on the story and disregard the balance sheet. A fatal mistake.

[lw425] 30/3/2017 10:09

do any of those who got caught on the spike actually look at balance sheets..... ever?

today is no surprise to anyone who looked at the financials

still, 5p is better than nothing.... it's a gift.

[lw425] 30/3/2017 10:05

LW425 - 23 Mar 2017 - 10:28:47 - 1934 of 2176 Intelligent Energy :- Fuel Cell Technology Company - IEH
a crazy reaction to an RNS NON press release.

expect this to hiss all the way down again same FITB.

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LW425 - 23 Mar 2017 - 10:25:27 - 1931 of 2176 Intelligent Energy :- Fuel Cell Technology Company - IEH
what do you think about the huge losses and huge monthly cash burn?

it's eye watering!

[filster] 30/3/2017 10:05

If you really want... Although I seem to be good at picking badly performing companies - actually one is a fund.

JPB

SXX

DYOR and this is not a recommendation to buy or sell or do anything with them!

[ibug] 30/3/2017 10:04

ANDY ---try OPTI or VEC, GOING UP THIS WEEK AND NEXT imo