Mycelx Technologies Share Discussion Threads

[tradermel] 30/1/2014 07:56

Well you have another a positive RNS Salpara

[salpara111] 27/1/2014 11:20

Yes, I noticed the pullback and have mixed emotions.
The business seems to be one that has real demand and traction but equally the current market cap has a lot of good news to come priced in.
I am inclined to wait and see what the next trading update looks like before jumping in.

[mach100] 26/1/2014 19:05

Well Salpara the mid is 450p now. Looks interesting with a rather large spread. The caveats still remain so a profit warning would whack these but there is plenty of upside too. A tricky call even at these levels.

[salpara111] 18/12/2013 12:41

Just found this BB due to the twin listing or whatever you want to call it!
I started looking at this company a while back and it does look promising.
I was hoping for a bit of a pull back to the 450 level before taking a stake.

[skip10] 19/9/2013 12:49

The problem is obviously the confusion caused by MYX and/or MYXR. That's probably the reason this BB is so quiet - people think there isn't one when they search for MYXR

[skip10] 19/9/2013 12:36

Results were out a week ago.



I think they're pretty good, but the caveats obviously frightened some.

[speedsgh] 19/9/2013 11:52

Contrary to the guidance in the Notice of Results released on 19/8, interim results were not released on 16/9. Does anybody know why they have not been released? Cause for concern?

[fredahad] 19/8/2013 23:01

Hi Stuart,
Mycelx don't generally have to announce contracts, unless they are individually huge. As you say, the last announcement was Aug 2012, but we know that revenue has been exploding in 2012 and all indications are the same in 2013. They have said they are "in line" to meet forecasts for 2013, which means $24m in revenue. I don't know how this will break between H1 and H2 -we will know more on Sep 16th.

Connie's statement says that 80% of $24m forecasts (i.e. $19m) are already sewn up for recognition in the FULL YEAR 2013. We don't know the apportionment between H1 & H2, but since some revenue will be ongoing consumables and some for the sale of capital equipment on new installations, my guess is the capital sales element of the $19m will be concentrated into H1, so hopefully will hear that at least half of the $19m will be recognised in H1. I think there is a better chance of beating than missing expectations. Also remember that this was announced just 3 months into the year -March 2013. The world will have kept moving since then, and other contracts are very likely to have been signed (which will not need to necessarily be announced), and this will quite likely lead to brokers' forecasts needing to be revised upwards, as the year progresses. All guesswork, you have to make your own judgement about the sustainability of the 2012 explosive growth, and of course DYOR, though for me, it is looking very promising. There is quite good discussion on TMF, PaulyPilots Pub , in two separate threads. Seems to be more interest over there, so maybe if you have any more questions/comments, more likely to get answers over there. This board is a bit quiet, and I don't look in often over here. Regards,
Freddie

[stewy_18] 19/8/2013 13:12

Hi Fred,

When this company provides information it seems to be clear and concise. However, looking through the RNS's, the last major contract win was 8th August 2012. Are we expecting any this year? To me, it means to me that there will be no upside in the results, i.e. that the maximum revenue we can expect is $24 million (full year). Given the high margins of the razor blades (consumables revenue), I expect this to make up $18 million of the $24 million revenue. Do you know what percentage of that is expected this half-year?

I read the statement from Connie slightly different from you (or maybe I mistook what you meant). She wrote:-

" Contracted order book plus installed base (expected renewal of current leases and recurring revenue) results in 80% of projected revenue in 2013 (as of March 4, 2013)"

I took this to mean that 80 % of the projected revenue is filled for 2013, not that all of this will show up in the half-year results. That may mean that these results could be dissapointing if the orders are H2 loaded. Is this your understanding?

Do we have any predicted eps figures based on $24 million revenue or do you or anyone else have the brokers notes?

I'm tempted to look at buying before the half-year results but it seems there is a bigger chance that they will disappoint rather than meeting expectations. As always comments welcome.

Regards

Stuart

[fredahad] 19/8/2013 11:31

Amendment: re interims release now 16 SEP


MyCelx Technologies Inc (AIM: MYX), the clean water technology and engineering company providing patented solutions to the oil and gas industry and other commercial industrial markets worldwide, will announce its half year results for the six month period ended 30 June 2013 on Monday 16 September 2013.

Connie Mixon, Chief Executive Officer, and Mark Clark, Chief Financial Officer, will be present and will host a presentation for analysts and investors.

They will also conduct an investor road show in London and Scotland between 16-19 September

[fredahad] 18/8/2013 10:56

MCELX INTERIMS results are due out on 22 August (unconfirmed), according to Sharescope. Previously, in March this year, the Company spoke of a very strong order book, and great confidence in the future prospects, which I alluded to in my original Mycelx write-up:



(..My own commentary on the CEO's trading update....)To get an idea on the scale of the growth-surge that we are looking at, as at 4 March 2013, the company expects $10m of the $11.2m order book for FY2013 to be recognized in the current year. This represents 80% of the sales in the whole of 2012! (which itself was already a 96% increase over 2011).
CEO Connie Mixon then tells us that as at March 04th that ................." Contracted order book plus installed base (expected renewal of current leases and recurring revenue) results in 80% of projected revenue in 2013 (as of March 4, 2013)"

The forecast revenue from the house broker Numis is for $24m revenue for 2013, so we now know therefore that 80% of this, or $19.2m is "already in the bag" after just 2 months into the year. In other words, Revenue growth year-on-year has been 45% (2011 vs.2010); 96% (2012 vs 2011); and 56% (for the first 2 months of 2013 vs. the whole of 2012!).

On the basis of that, I will be very surprised if there were to be any disappointment in Thursday's announcement.
Freddie

[sogoesit] 26/5/2013 00:22

This company has a potentially winning water treatment solution for oilfield water production, and produced water, both onshore and offshore, in my view. Offshore its reduced footprint, and weight savings, compared to current technology, is a significant advantage which could drive sales.
It\'s certainly a new \"mousetrap\" for the oil and gas industry, in my view, and let\'s hope it can manage to grow and reap profits from this sector. Potential sales could be very significant but, given the \"conventionality\" of the petroleum industry, could be slow to take-off (cf Plexus Holdings:POS).
I would guess that environmental clean-up sector would also be a market but the oil and gas industry will have the deeper pockets.
Bought in at 398p; expect to add in the coming weeks.
Good Luck!

[andrbea] 24/5/2013 18:56

http://www.dailymail.co.uk/money/investing/article-2326673/Water-treatment-minnow-MyCelx-clean-oil-giants.html

[joeywald] 19/5/2013 23:57

Thank you Freddie!

[fredahad] 19/5/2013 22:08

The ticker you need is MYX, which is the the "ADR" way that a US based company is listed on the London exchange.

[joeywald] 19/5/2013 13:43

Just read the Thisismoney article and am interested in buying some shares. Could someone please explain the difference between MYXR and MXR shares (former has "(DI)" at the end). Many thanks!

[strollingmolby] 18/5/2013 11:57

Detailed AGM report from fredahad available here:

[skip10] 15/5/2013 11:11

Can't find much new online apart from "Trading in line with expectations" - a lovely phrase open to interpretation if ever there was one!
I'm interpreting it as Jam tomorrow. Hope this BB attracts a bit more interest, Mycelx seems to be a bit undeservedly under the radar at the moment.

[stewy_18] 15/5/2013 09:36

Did anyone make it to the AGM? Any updates to share?

Thanks and regards

Stuart

[stevemp2000] 22/4/2013 20:01

Good Evening, SM - and thanks for creating the thread.

The Mycelx 2012 Annual Report has just been published and can be found online at

It's well worth reading, offering a clear and concise explanation of the product, the market, and the compelling 'razor blade' business model.

Steve

[strollingmolby] 17/4/2013 08:46

Great introduction to MYX:
(courtesy of fredahad on TMF)

[stonew] 31/12/2000 11:19

Zaldi, the epic is EFX for Exchange FS Group fomerly Moneyextra if this is any use.