Mycelx Technologies Share Discussion Threads

[someuwin] 31/1/2019 15:18

Good to see a bit of interest picking up.

[modform] 29/1/2019 12:20

Wow, hardly any shares have been traded on this for over a months until today someone got 500 shares, that's how much under the radar it is.

[drsous] 19/12/2018 10:50

Net cash 3.6 million dollars too at 2018 June. Just nervous market and general market revaluation. This creates opportunities such as mycelx

[cfro] 07/12/2018 10:39

Very illiquid share hence the slightest small amount of selling has an adverse affect on the price.

Worth bringing to the fore the last contract win that added 30% to PBT. It seems investors have overlooked or forgotten it.

[interceptor2] 29/11/2018 08:38

On the day of the last trading update in October I had to pay a 15% premium for my initial purchase and today the premium is only 2,5%. I would say that today's update is more bullish, maybe there is a seller in the background?

[cfro] 29/11/2018 08:19

I have also topped-up. Couldnt believe my luck as i was fully expecting not to be able to get anything.

[interceptor2] 29/11/2018 08:05

Managed to buy in two transactions at 239 and 240, very surprised at that MYX are illiquid so was expecting perhaps 270p, they must be very much under the radar.

[interceptor2] 29/11/2018 07:49

That is an impressive upgrade and shows how strong their margins are, I agree that it will be very difficult to buy today without paying a large premium.

[cfro] 29/11/2018 07:35

Great contract win.

Uplift in Revenue forecasts of some $3.5m and profits of $600k, so these are clearly very lucrative with good profit margins.

[someuwin] 29/11/2018 07:30

Yup! will be very difficult to buy these today.

[drsous] 29/11/2018 07:19

That is a 25 percent uplift in net profit suggestions in the 6 weeks since last trading update!

[someuwin] 29/11/2018 07:14

29 November 2018
MYCELX TECHNOLOGIES CORPORATION
("MYCELX" or the "Company")
New Project Award and Trading Update
MYCELX Technologies Corporation (AIM: MYX), the clean water technology company providing patented solutions for the Oil and Gas market and commercial industrial markets worldwide, is pleased to announce it has received a new purchase order from a SABIC affiliate to manage water treatment during a short-term turnaround operation.
As a result of this award, the Company has revised its revenue and net profit guidance for the current financial year to a new range of $25 million to $26 million in revenue and $2.4 million to $2.8 million in net profit. This revised guidance assumes no new contract wins between now and the end of the current financial year.
Commenting on the market update, Connie Mixon, CEO said:
"We are very pleased to receive this award from a repeat customer. It demonstrates that our client focussed approach is being rewarded and that our customers have a high level of confidence in the team and our ability to successfully manage their water treatment needs. MYCELX water treatment systems are chosen because they reliably deliver the water quality required for optimal performance. Our track record of successful projects, supported by our advanced technology, continues to grow as does our reputation for achieving strong results, even in the most difficult operating conditions."

[someuwin] 31/10/2018 15:55

Not many stocks hitting new highs at the moment. But this one is!

[someuwin] 30/10/2018 10:08

Good to see interest picking up here.

[cfro] 30/10/2018 10:01

Suddenly out of the blue we have a bit of action here today.

[interceptor2] 09/10/2018 08:08

I bought these into my ISA accounts with iii and IG, couldn't buy any in first 25 minutes, then noticed my first small buy pushed the price higher.

I need to proceed here slowly and in smaller holding than normal because if they are difficult to buy then they will also be difficult to sell.

MYX first came to my attention after the interims were released last month, which showed a very impressive turnaround from loss to profit, I can't remember seeing such a strong turnaround elsewhere with revenue doubling and a loss of $0.352m to a PBT of $2.065m.

I think that because the share price increased so quickly was the reason I held off buying then, but yesterday's trading update confirmed that they are in a sweet spot potentially at the start of an interesting journey.

[cfro] 08/10/2018 17:45

These shares are not registered on the CREST clearing system (which means some UK brokers are not able to deal in these shares)

..anybody know why this is the case?

It clearly explains the lack of liquidity and the fact that today there were only four trades?

[interceptor2] 08/10/2018 09:16

Bought in here this morning on the back of a very strong trading update, only a small initial position because they were very difficult to buy so they look rather illiquid.

But I couldn't ignore the potential highlighted in the trading update and the half year results which showed an impressive turnaround.

[sogoesit] 08/10/2018 07:26

The company has a different view ;-). See today's RNS

[redrumtum] 21/9/2018 10:54

Stockopedia still predicting a loss this year, anyone have a different view?

[someuwin] 19/9/2018 09:20

A week since the half year results and no real pull back. Can't say I'm surprised - these are tightly held.

[someuwin] 17/9/2018 12:06

Ticked up on a £3k buy.

[someuwin] 14/9/2018 11:29

Another very impressive interview with MYX CEO from earlier this year...

[someuwin] 13/9/2018 10:45

What I really like about this business model is that they get income from the system sales, but then get recurring follow on sales of the consumables. Thus in the half year just reported these revenues are up over 200%...

"consumable filtration media and service increased 228% to $9.5 million (2017 H1: $2.9 million)."