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IEH Intell.Eng.

0.2695
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intell.Eng. LSE:IEH London Ordinary Share GB00BNB7LQ31 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.2695 0.241 0.298 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Intelligent Energy Share Discussion Threads

Showing 3451 to 3475 of 4425 messages
Chat Pages: Latest  141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
30/6/2017
08:31
I think they've got until April / May so maybe got an extra month out of reduced cash burn and increased revenue.
filster
30/6/2017
08:24
Good news, but not great. It's going to be tight but at least the suggestion is there that they can ride this out... I suspect it will go to the wire, hang on to your hats time!

There is still quite a bit of uncertainty, but at least they are trimming the fat, but possibly a little late in the day. Just hope they won't be rueing not having made some of these decisions 12 months ago or possibly more.

13M in the bank. Cash burn is around 1.2M and there's that deferred tax write down - that could make them a serious buying opportunity as anyone purchasing could benefit from the tax write down.

Cash burn will reduce to 0.9M in September.

filster
30/6/2017
07:08
OFFER OPENED HIGHER --- Intelligent Energy Holdings plc (IEH) Ordinary 5p

Sell:7.75p Buy:8.70p 0.00p (0.00%)

ibug
30/6/2017
06:36
REDUCED CASH BURN --- Reduced the number of directors to reduce cash burn now @ 1.2 million/ month.

Good news ----- To have made that statement today they have to already be in discussions with a significant customer imo.

HENCE==LOOKING PRETTY GOOD imo

A PRODUCTION LED TURN AROUND

ibug
30/6/2017
06:34
Very encouraging and thanks I bug for your research.ash
ashtree2
30/6/2017
06:28
GOOD RESULTS NO MORE FUNDING ---- The preferred option at this point in time is not to seek further funding but to deliver a trading related solution. Good discussions with potential customers have been held, which, while not secured, are positive and which if secured offer the prospect of sufficient funding for the medium term.


IEH EXCHANGE LISTINGS ---- WILL REMAIN A LISTED COMPANY ----- SO THE DARK SHADOW HAS BEEN REMOVED

ibug
29/6/2017
18:18
I have seenin Advfn, key figures working capital which is mentioned 24.3mn. what is the meaning of this value?
investorfc expert
29/6/2017
17:44
I have seenin Advfn, key figures working capital which is mentioned 24.3mn. what is the meaning of this value?
investorfc expert
28/6/2017
13:03
The share price looks likely to get into double numbers soon imo --- especially when the next news about more commercial contracts break....possibly about Suzuki, UAV's or FCM 800 series systems.
ibug
27/6/2017
11:26
I've just bought back in to IEH, so expect this to plummet now!

The share price seems to be gathering momentum and the trade volume is higher than it has been in general...

filster
26/6/2017
10:24
NEWS RECAP---NEW ORDERS ----

Intelligent Energy shares rise on fuel cell product launch 08:53 14 Jun 2017

Investors welcomed the product launch news, with the London-listed share rising 14% in Wednesday’s early deals.

Orders are now being taken for the FCM-800 fuel cells

Loughborough based Intelligent Energy Holding PLC (LON:IEH) has today launched a new range of zero-emissions fuel cell technology.

The commercial product range, the FCM-800 series, comprises fuel cell modules suited to both stationary and portable applications, and are capable of delivering between one and four kilowatts.

It is an international launch and orders are now being taken, the company said.

Investors welcomed the news, with the London-listed share rising 14% in Wednesday’s early deals.

“The team has worked hard to deliver this new range and it is an exciting time for the company as we expand our product portfolio,” said Alistair Ball, director of product delivery.

“Importantly, the FCM-800 series is economically competitive and we are confident that our new product range will be well received."

Group chief executive Martin Bloom, meanwhile, said: "It has been a positive first year for product-led commercial development for the company.

“Since my arrival, we have outlined a new strategy to maximise commercial opportunities and build the business.

“We have been able to commercialise our world leading technology developed over a 30-year period. I am delighted to see this transitioning into a world class product range and the FCM-800 series is an important tool for our commercial team who will now be able to address clear market demand for this type of application."

www.proactiveinvestors.co.uk/companies/news/179210/intelligent-energy-shares-rise-on-fuel-cell-product-launch-179210.html

ibug
25/6/2017
18:32
BUSINESS DERISKING imo ---- WHY THE CLN WON'T BE CONVERTED.

The company have never said the CLN will be converted into shares. What they have actually stated is as follows as a quote:

'On the assumptions that all of the Convertible Loan Notes held by Meditor are converted'.

That means coverting the CLN into shares is optional for Meditor and the other option will be redemption of the loan by May 17th 2019, almost two years away.

The loan will only be converted if risks escalate or if the company stop their monthly payments into the loan. In any event Meditor have full control of the CLN.

And it is unlikely to use the option to convert the loan because production revenues are now rising according to the June 14th RNS which had upbeat statements that said orders for the FCM 800 series fuel cells were being taken. The company also said they were excited about the business.

Meditor was a major shareholder before the funding last year and like GIC would have paid much higher prices for their shares. It would not be in there best interest to cash in the CLN and wipe out their own high cost share purchase while the company is starting to turn around.

At the IPO for example GIC invested $63* million in Intelligent Energy buying 14 million shares at 240p; today they own 18+ million shares. And Meditor bought 14 million shares after the fund raise at 11.5p/ share in addition to their major shareholding before the CLN last June. Plus whatever they owned before the fund raise last June 2016, reported to be a 22% holding.

So it looks like RISK at the company is falling and revenues are rising from manufacturing activities. The company is becoming DERISKED imo.

ibug
24/6/2017
19:37
TODAY GIC OWN IN EXCESS OF 18 MILLION SHARES --- that is something to ponder when considering the CLN.

GIC invests $63* million in Intelligent Energy ---- dated 2014

Intelligent Energy Holdings plc (“Intelligent Energy” or “the Company”), the international power technology company, and GIC, Singapore's sovereign wealth fund, jointly announce that GIC has invested approximately $63* million in the Company.

The investment takes the form of a new issue of 15,129,468 Ordinary Shares to GIC, representing 10 per cent. of the Company's enlarged issued ordinary share capital immediately following the placing of shares to GIC, at a subscription price of £2.50 per Ordinary Share.

GIC is a highly regarded sovereign wealth fund that manages Singapore's foreign reserves. It aims to achieve good long-term returns above global inflation over a 20-year investment horizon.

ibug
24/6/2017
19:14
invertorfc expert ---- PLEASE REVISE YOUR PROGNOSIS --- here is more intel...lol for you and your mates

The 24.5 million convertible loan came from Meditor/ GIC who are very unlikely to cash in on IEH -- HERE IS WHY imo.

GIC Pte Ltd. (Investment Management) and Mediator both own at least 32 million shares bought at either the IPO price or shortly after, when the share price was sky high peaking to about 330p.

IT MAY BE SUGGESTED THAT MEDITOR AND THERE ASSOCIATE CANNOT AFFORD TO ACTIVATE THE CONVERTIBLE LOAN FOR 24.5 MILLION THROUGH AN EQUITY RELEASE BECAUSE THEY WOULD LOSE THEIR VERY LARGE ORIGINAL INVESTMENT.

The conversion of loan to stock would be a last resort measure that could be invoked if the business becomes too risky. BUT THE BUSINESS IS NOW DEVELOPING, production revenue is reducing risk, which means the CLN will not be converted. If revenues continue to rise the loan might actually be redeemed and paid off.

GIC are wealth managers for the Singapore government.

Here is a brief background about GIC --- GIC was incorporated in 1981 under the Singapore Companies Act and is wholly owned by the Government of Singapore. The Government, through its Investment Mandate to GIC, has authorised GIC as its agent to manage Singapore’s foreign reserves. The government is the owner of these reserves.

ibug
24/6/2017
18:25
Their other customers and the most recent offering of the FCM 800 range of products is also being actively sold. The company said on June 14th that international orders were being taken and implied there is much appetite for the product range.

All that means cash burn is progressively reducing and at some point the company should have a free flow of revenue.

I have not actually been predicting anything, but it is true to say the prospects of the business are looking far better than a year ago.

It is also worth noting that the company is paying into the loan every month stated in the March RNS.

AFTER A BIT MORE RESEARCH I MAY EXPLAIN MORE ABOUT WHY MEDITOR/ GIC CANNOT AFFORD TO CASH IN ON IEH THROUGH THE CONVERTIBLE LOAN NOTE and why they have arranged a repayment high interest loan with a settlement date on May 17th 2019.

PINC are converting and offering all there UAV's/ drone's to become H2 powered and are according to an article in early May offering hydrogen powered flying drones to their wide range of top corporate customers.

Suzuki trialled the Bergman scooter in 2015 and they got a MASS PRODUCTION LICENSE FROM THE EU IN DECEMBER 2015. So what you have said is not true...Suzuki has been waiting for infrastructure to build which is arriving especially in Northern Europe, California + several states, Japan, China and a few other countries.

The time is fast arriving to launch the Bergman Scooter and the Motorcycle.

MANY OF THE TOPICS YOU TOUCHED ON IN YOUR ARTICLE ARE OUT - OF - DATE imo

ibug
24/6/2017
16:38
Spot on .. that is the elephant in the room.
meganxmas
24/6/2017
16:20
I appreciate others view also.
investorfc expert
24/6/2017
16:19
Dear Ibug, unhv done good effort and brought more clarity about CLN. but in ur drafting, every where u hv mentioned that "when" IEH become cash positive etc
. Which is again prediction only. Company has just 9 mn cash in bank and they have Luxfer order which needs more cash to manufacture the fuelcell stacks and from where this cash would come. Either luxfer pay IEH 100 percentage in advance or IEH buy raw material on credit and then pay them when they received payment from luxfer. So luxfer deal has improved the sentiment but not the fundamental. PINC has bought only one fuelcell and so far neither PINC nor IEH has confirmed about the successful Ness of that experiment and future order. Lee Juby of IEH is going to visit UAV Expo which is going to arrange in Belgium to search customer. As far as tech lead is concerned in the DIGIMAN project which is of the value of 3.5 mn pound had very less chance that IEH can get anything from that. That money is for that project and ieh might take little as expenditure or may be nothing. Burgman schooter is still under trial. So as far as concerte cash order is concerned, that is only luxfer and so far company has executed that orders or not is unknown. IEH has mandate to improve stock price and for that even small news they flash through RNS. In recent RNS of new launch of FCM 800 Series, Martin bloom said that " now orders are being taken" but they have not given any further details of customer and quantity. Moreover they have not mentioned that because of confidentiality reason they are not providing more details which creates doubt on degree of correctness. Recent Edison report published on june 1st has not given any details and given forecast of 24 Mn revenue of the year with 16 mn yearly expenditure for employees cost and very little money left for material and others, it means cash burn is still there and being cash positive by this year seems impossible. So sometimes you have mentioned that IEH might not need any more funding is not digestive. Month on month risk is getting increased infact which they need to address. If funding is genuinely not needed that definitely market researcher would take a note of this which is not at all happening. Company which is badly search for find just 3 months back can how come become cash positive?? Some realistic approach u have to have while u predcit
otherwise it would be misguiding to fellow investor.

investorfc expert
24/6/2017
15:18
IEH MORE SECURE NOW ---- It may be said this company is looking fairly secure compared to a year ago...here are some notes to explain why.

NOTES: Intelligent Energy have a 13 Percent Senior Secured Convertible Loan Notes of 24.5 million with an annual 13% interest each year for three years; the loan matures on May 17th 2019. At that time it is redeemable as well as convertible.

If the company has enough money the loan can be redeemed or it can be repaid with a combination of a cash payment and share conversion.

Note, the company are making monthly interest payments as stated in their March RNS.

When the business becomes cash positive they can then make capital payments into the loan if they wish.
The Meditor loan was awarded a year ago and it is secured againt the business assets and convertible equity @ 8p/share; it ranks above any other debts. The lender has first call on the loan which is normally done if risk to the loan escalates or if the lender wishes to cancel the loan.

Thus far the company have paid monthly interest payments and because this type of CLN has a regular payment agreement. It normal that this type CLN can be paid off by the borrower either during the term of the loan or when it matures on May 17th 2019.

Other types of CLN usually rollup the interest into the loan and then convert it into shares at an appropriate time; but with the IEH CLN it allows for monthly repayments and therefore will accept full or part payment plus a redemption fee.

It is true that Meditor can convert the loan into shares at anytime if it wishes. But their sister company Meditor European Master Fund Ltd, holds a voting stake of about 14.8% in the company and that is likely to deterr the company from converting the entire loan into equity.

The equity holding and property of the business is held as security against the business defaulting on their obligations. With 12 million in the bank since April IEH is highly unlikely to default on its loan and is therefore fairly secure.

So far the business has reported a number of commercial contracts every month and orders are being taken for FCM 800 series fuel cell product, see June 14thh RNS. They are also getting regular orders from Luxfer for their zero emission mobile power systems, PINC H2 powered Drones/ UAV's and Suzuki as well as a 3.5 million 3 year EU-Toyota funded project.

THEREFORE, THIS IS A PRODUCTION LED RECOVERY WITH RISING COMMERCIAL ORDERS LOWERING RISK AND REDUCING CASH BURN.

ibug
24/6/2017
15:18
IEH MORE SECURE NOW ---- It may be said this company is looking fairly secure compared to a year ago...here are some notes to explain why.

NOTES: Intelligent Energy have a 13 Percent Senior Secured Convertible Loan Notes of 24.5 million with an annual 13% interest each year for three years; the loan matures on May 17th 2019. At that time it is redeemable as well as convertible.

If the company has enough money the loan can be redeemed or it can be repaid with a combination of a cash payment and share conversion.

Note, the company are making monthly interest payments as stated in their March RNS.

When the business becomes cash positive they can then make capital payments into the loan if they wish.
The Meditor loan was awarded a year ago and it is secured againt the business assets and convertible equity @ 8p/share; it ranks above any other debts. The lender has first call on the loan which is normally done if risk to the loan escalates or if the lender wishes to cancel the loan.

Thus far the company have paid monthly interest payments and because this type of CLN has a regular payment agreement. It normal that this type CLN can be paid off by the borrower either during the term of the loan or when it matures on May 17th 2019.

Other types of CLN usually rollup the interest into the loan and then convert it into shares at an appropriate time; but with the IEH CLN it allows for monthly repayments and therefore will accept full or part payment plus a redemption fee.

It is true that Meditor can convert the loan into shares at anytime if it wishes. But their sister company Meditor European Master Fund Ltd, holds a voting stake of about 14.8% in the company and that is likely to deterr the company from converting the entire loan into equity.

The equity holding and property of the business is held as security against the business defaulting on their obligations. With 12 million in the bank since April IEH is highly unlikely to default on its loan and is therefore fairly secure.

So far the business has reported a number of commercial contracts every month and orders are being taken for FCM 800 series fuel cell product, see June 14thh RNS. They are also getting regular orders from Luxfer for their zero emission mobile power systems, PINC H2 powered Drones/ UAV's and Suzuki as well as a 3.5 million 3 year EU-Toyota funded project.

THEREFORE, THIS IS A PRODUCTION LED RECOVERY WITH RISING COMMERCIAL ORDERS LOWERING RISK AND REDUCING CASH BURN.

ibug
23/6/2017
14:50
Here is a recap for those who have missed four months news boosting fuel cell production at IEH.


Rising Revenues --- REVENUES ARE CERTAINLY RISING AT IEH as production ramps up.

Recent news summary --- Here is a summary of rather exciting recent news coverage about the marketing plan as it continues to roll out.

Intelligent Energy’s British fuel cell technology will be at the heart of a fleet of scooters to be used on London’s roads this summer as part of a hydrogen fuel cell technology fleet trial with the city’s Metropolitan Police.

-----------------------------------

Intelligent Energy has signed a stationary power deal with US-based Luxfer-GTM Technologies as part of a growing strategic relationship in the development of a line of integrated fuel cell products.

-----------------------------------

Intelligent Energy has signed a deal with PINC to supply its air cooled fuel cell systems for unmanned aerial vehicles (UAVs), marking Intelligent Energy’s first sale of fuel cell systems for UAVs as the Company moves forward with the commercialisation of its technology.

-----------------------------------

The commercial product range, the FCM-800 series, comprises fuel cell modules suited to both stationary and portable applications, and are capable of delivering between one and four kilowatts.

It is an international launch and orders are now being taken, the company said.

-----------------------------------

A 3.5 MLILLION EURO EU-TOYOTA programme has launched to provide a blueprint to enable fully automated future mass manufacture of fuel cell stacks for the automotive market.

This all amounts to much more revenue...imo

ibug
23/6/2017
12:06
Not long now and this will be trading at over 10p.
itsmyshares
23/6/2017
12:02
FORMAT LIKE A SECURE LOAN

After taking a look at the barebones of the agreement in three RNS notifications the terms of the agreement are very similar to a secured bank loan but with a convertible loan note wrapper around it to allow certain Waiver Resolutions in order to make the loan secured in any event. The purpose of the loan by a company like Meditor is to earn interest payments of 13% every year for the full term of the arrangement lasting three years.

Just like how a bank loan operates the loan has a wide range of conditions that allow for the secured loan to be called in for any reason such as defaulting on payments or concessions made to suppplier's etc. But the main purpose for Meditor is to earn an income stream from the loan in the most secure way possible.

The minimum strike value for the lender is 8p so that the lender can at that value take full control if the risks of the business climb too high or if the company violates the terms of the agreement. But if the share value climbs higher then that control degrades progressively and that reflects lower risk for the business.

If the share price climbs to 100p for example within the next few years then the 25.6 million Meditor loan would convert to 25.6 million shares. The number of shares are dependent on the share price on the conversion date of May 17th 2019. It would only be converted earlier if the terms are broken or if risks to the lender escalated.

A lender would not want to own IEH they just want income with security.

A typical CLN agreement can be found on the following website:

But many have over looked the fact that Meditor allowed an option for 15 additional million to be raised from institutional investors participating in the fund raising a year ago. The company raised 4.3 million from three II.

That suggests that the company could raise an additional 10.7 million through another fund raise if the prospects of the business can be shown to be improving with a much higher share price

Investors know that a steady stream of new business has been gained and the company are getting regular orders for their products cited in the last RNS dated June 14th for the FCM 800 systems + the other deals achieved with Luxfer, PINC, Suzuki and the EU-Toyota project.

Another feature of more revenue is the development of the automated production line being developed to produce 50,000 fuel cells for the automotive market as cited in the oilprice.com article.

In Europe, fuel cell production facilities will begin pumping out 50,000 fuel cell stacks by the year 2020, making United Kingdom-based Intelligent Energy the market leader in bringing the green technology to the masses. “Hydrogen fuel cell powered vehicles are available now, but to continue to drive customer adoption, we need to ensure future fuel cell stacks are robustly industrialised and remain cost competitive in the future,” said the company’s Manufacturing Head Richard Peart.

ibug
23/6/2017
12:01
The loan provider will only convert to shares if the company violates the terms of the agreement or if Meditor see an escalating risk.

Take a look at the typical CLN template used in Singapore and take a read of an article posted earlier today.

Needless to say the risk factor with the company has significantly reduced since a year ago mitigating the need to convert the loan.

ibug
23/6/2017
11:32
Do we get an RNS every time CLNs turn into shares? The CLN can be used as security and traded can't they?
dean windass
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