Mycelx Technologies Corporation

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Mycelx Technologies Corporation LSE:MYX London Ordinary Share COM SHS USD0.025 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 32.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
32.00 33.00 32.50 32.50 32.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Water Supply 8.48 -1.43 -7.30 - 7.47
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 32.50 GBX

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Date Time Title Posts
08/3/202308:17MYCELX - Clean water tech in the O&G industry346
18/3/202118:50MyCelx - Oil-Free Water Technology71
31/12/200011:19the site can't find epic MYX3

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Posted at 24/1/2023 07:12 by someuwin
24 January 2023


Rental Contract Secured for PFAS Remediation System at Landfill

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, is pleased to announce that it has secured a paid 6-month trial for treatment of PFAS in the United States. PFAS, which stands for per-fluoroalkyl and poly-fluoroalkyl compounds, are a collection of long-lasting manmade toxic chemicals which present a global threat to human health and the environment.

MYCELX has secured a contract for its fully containerized, mobile PFAS remediation system which includes MYCELX infused cartridge filtration and Performer™ media. The system will be utilized for treating PFAS contaminated leachate from a solid waste landfill. The rental is expected to successfully demonstrate the ability of the proprietary MYCELX technology to completely remove all identified PFAS chemicals to non-detectable concentrations in a single pass.

The revenue from this trial is not anticipated to alter management's revenue expectations for the year.

Connie Mixon, CEO, commented:

"We are pleased to announce this promising paid trial. The award is further proof of the strong momentum we are generating as a business in the PFAS solutions market, building on the Company's success with its previous trial in America and installations in Australia with an important distributor. In addition, in scenarios of solid waste landfill, we continue to see a growing demand for technologies that are able to treat the co-contaminants that are present with PFAS.

As a Group, we are firmly focused on achieving greater market share in three core areas; the Middle East, PFAS and REGEN. All of which we believe will be key growth drivers for MYCELX in 2023. We look forward to updating all our stakeholders on further corporate developments over the coming months."

Posted at 08/12/2022 08:07 by slicethepie
Fwiw share price has fallen 50% in the last 4 weeks which perhaps suggests some investors need reassurance!
Posted at 07/12/2022 11:37 by slicethepie
Company clearly doesn't give a #### about its share price !
Posted at 25/9/2022 10:37 by hedgehog 100
Weak sterling has already seen a recent succession of North American predators snapping up British companies.

So I would fully expect this trend to continue.

And while it's the big companies that tend to attract the headlines, small companies of course get acquired too.

And the premiums paid can be even bigger than with big companies.

"RPS shares rocket 75% as Toronto-based engineering group WSP agrees £591m takeover of consultancy group

• The 206p per share deal represents a 76% premium on Monday's closing price
• Oxfordshire-based RPS Group was founded as an environmental consultancy
• WSP bought Wood Group's environmental consultancy in June for £1.5bn

PUBLISHED: 12:21, 9 August 2022 | UPDATED: 12:21, 9 August 2022

Shares in consultancy firm RPS Group rose more than three-quarters on Tuesday after engineering group WSP Global revealed a £591.1million takeover deal.

The boards have agreed a cash deal for RPS at 206p per share, representing a 76 per cent premium on Monday's closing price of 117p and a 94 per cent premium on an volume-weighted, 90-day average price of 106p.

Under the terms of the deal, shareholders in RPS will still be entitled to any interim dividend for the six-month period to 30 June up to 0.45p per share.

Shares in consultancy firm RPS Group rose more than three-quarters on Tuesday after engineering group WSP Global revealed a £591.1million takeover deal.

The boards have agreed a cash deal for RPS at 206p per share, representing a 76 per cent premium on Monday's closing price of 117p and a 94 per cent premium on an volume-weighted, 90-day average price of 106p.

Under the terms of the deal, shareholders in RPS will still be entitled to any interim dividend for the six-month period to 30 June up to 0.45p per share. ...

Ken Lever, chairman of RPS, said: 'The RPS Directors believe that RPS has a clear strategy and is strongly positioned for the future, underpinned by favourable trends in its end markets and the benefits that are starting to flow from investments in RPS' talent programme, brand, marketing strategy and technology initiatives.

'However, this is a compelling offer from WSP which fully values the business and its future prospects.

'It represents a highly attractive premium to recent trading levels and provides certain value in cash today for RPS shareholders.

'The RPS Directors also believe that the acquisition will provide career opportunities for our employees within the enlarged WSP Group as well as access to a comprehensive and expanded service offering for our clients.'

President and chief executive of WSP Global Alexandre J. L'Heureux added: 'Combining the capabilities of the RPS Group and the WSP Group is strategically compelling and will allow us to leverage our collective know-how and provide a broader range of complementary services to our clients while building a world-class ESG advisory business.

'We are looking forward to welcoming the RPS Group's talented employees and believe they will benefit from the expanded career and development opportunities this acquisition will bring the employees of both firms.'"

RPS Group (RPS):-

Posted at 24/9/2022 14:50 by hedgehog 100
MYX reports its revenues in US$s, and the majority of its revenue is derived from the Middle East, Nigeria and the United States.

The strengthening US dollar, compared to sterling, is great news for MYX, in two ways:-
1. Sterling value of MYX's revenues is increased per dollar.
2. MYX becomes a cheaper takeover target for a US predator.

And the substantial business that MYX conducts in the US also increases the chance of a US takeover, in two ways:-
1. Brings MYX on the radar screens of more American peers.
2. Makes it more attractive to a US predator wishing to expand domestically.

1 Year Sterling vs US Dollar Chart:-

"Larry Summers Warns Pound May Tumble Below $1 on ‘Naive’ UK Policies

By Chris Anstey
23 September 2022 at 14:13 BST Updated on 23 September 2022 at 16:05 BST

Former Treasury Secretary Lawrence Summers blasted the economic policies being adopted by newly installed UK Prime Minister Liz Truss, saying they’re creating the circumstances for the pound to sink past parity with the US dollar.

“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”

Truss’s government has set out the most radical package of tax cuts for the UK since 1972, reducing levies both on worker pay and companies in an effort to boost the long-term potential of the economy. Economists are concerned the package is unaffordable and will trigger a currency crisis over concerns about rising debt.

The pound on Friday slumped to its weakest since 1985, trading at $1.0908 as of 3:52 p.m. in London.

“It would not surprise me if the pound eventually gets below a dollar, if the current path is maintained,” said Summers, a Harvard University professor and paid contributor to Bloomberg Television. “This is simply not a moment for the kind of na├»ve, wishful thinking, supply-side economics that is being pursued in Britain.”

The former Treasury chief also flagged dangers with a surging dollar, which is adding to inflationary pressures for countries around the world and increasing pressure on overseas borrowers that have issued debt in the US currency. He also indicated that dollar appreciation -- fuelled by the Federal Reserve’s shift to a more aggressive path of interest-rate hikes -- may continue.

Dollar Pain

“This is going to be an issue that is going to be with us for some time,” Summers said. “Countries are going to have to be adjusting to a very strong US dollar,” and it will complicate macroeconomic management in may economies, he said. ..."

Posted at 24/9/2022 14:15 by hedgehog 100
"About the company

MYCELX Technologies Corporation is a clean water technology company. The Company provides water treatment solutions to the oil and gas, power, marine and heavy manufacturing sectors. Its geographical segments are the Middle East and the United States (U.S.). The Company's patented technology, MYCELX Polymer, uses molecular cohesion to remove oil from water, reaching critically low levels for discharge or reuse. The polymer permanently removes oil from water upon contact preventing the reentry of oil into the water stream. The Company's MYCELX Technologies include MYCELX REGEN, MYCELX Polisher, MYCELX Coalescer, PFAS Remediation System, Air Filtration, Oil Spill Solutions, MERSEP Elements, Testing and Validation Lab, and Engineered Process System. Its applications include upstream oil and gas, downstream oil and gas, environmental remediation, oily mist air filtration, and industrial water."

"Peer analysis

Company Revenue (TTM) Net income (TTM) Market cap Employees ..."

The above peer analysis lists 12 companies, including MYX.
(It incorrectly shows MYX's market cap. as £11.25M., when it is actually £9.08M. at 39.5p.)

Only two companies in the list are shown as having a lower market cap. than MYX, and neither of these have annual revenues of more than £0.5M.

Some other examples from the list, that indicate how undervalued MYX is:-

Haydale Graphene Industries PLC:- Revenue 2.82m, Net Income -3.93m, Market Cap. 13.28m
Libertine Holdings PLC:- Revenue 824.00k, Net Income -3.22m, Market Cap. 29.24m
EQTEC PLC:- Revenue 8.19m, Net Income -4.20m, Market Cap. 35.94m

Posted at 15/9/2022 11:15 by hedgehog 100
15/09/2022 07:00 UK Regulatory (RNS & others) MyCelx Technologies Corporation Trading Update LSE:MYX Mycelx Technologies Corporation

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, today provides a trading update on the Company's business operations.

MYCELX is currently in the commercial phase of contract negotiations with a major oil producer based in the Middle East which, if successful, would see the Company announce its second EOR installation deploying the patented MYCELX REGEN product. Recent negotiations have made us aware it is unlikely the Company will be able to recognize the anticipated revenue for this project in 2022 and, therefore, will defer the revenue to 2023. However, the Company has other sales opportunities in the pipeline that could close before year end that could have the potential to reduce the impact of the delayed revenue. In light of this new information, the Company is revising its guidance and now expects 10% year-on-year revenue growth for FY2022 and anticipated profitability will also be adversely affected.

Connie Mixon, CEO of MYCELX, said:

"While it is disappointing that anticipated project revenue has been deferred to 2023, as a business we continue to have high level interaction with key customers and strategic relationships and operationally we are delivering what our customers require. Historically, bidding activity has increased during the second half of the year, and we stand poised to capitalize on the market opportunities we see in front of us across the application ranges we are targeting. We will provide a full business update when we publish our results for the first half of 2022 in two weeks."

Posted at 30/8/2022 08:51 by hedgehog 100
30/08/2022 07:01 UK Regulatory (RNS & others) MyCelx Technologies Corporation New Project Awards and Operations Update LSE:MYX Mycelx Technologies Corporation

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company, is pleased to provide an update on recent operational momentum, including the award of new contracts in the Middle East.

MYCELX has secured a new purchase order from SABIC Agri-Nutrients, a SABIC affiliate, to provide clean water for optimal performance in their fertiliser production process. This installation is the fourth project with this customer and demonstrates MYCELX's status as vendor of choice for the toughest water treatment. The Company has also expanded its footprint in Saudi Arabia with the award of a short-term emergency response project with a leading independent petrochemical company. The Company expects that this initial project will develop into a longer-term partnership thereby helping to meet its goal of client diversification. In addition to this exciting work, MYCELX announces the renewal of two water treatment contracts with long-standing customers in the region and the establishment of a Master Framework Agreement with SABIC for Wastewater Treatment. This is a testament to the quality of the work and benefits MYCELX brings, the relationship the Company has with its customers and the excellence of its technology. These projects underpin the 2022 revenue forecast and the Company remains on track to meet current guidance.

MYCELX confirms the successful, ongoing trial of its unique REGEN product for use in Enhanced Oil Recovery with a major producer in the Middle East. The Company is also in advanced negotiations with another major producer for a REGEN retrofit of their existing equipment to benefit from MYCELX's superior removal efficiency, cost savings and the potential to increase flow rate by up to 30%. Beyond the Middle East, the Company is pleased to announce that a further REGEN system has now been installed and commissioned in Nigeria.

As part of MYCELX's strategy to expedite its access to the significant PFAS remediation market, the Company is pleased to confirm that it is currently in discussions with several global water treatment companies, an environmental engineering firm and companies focused on treatment for the residential market. Through these channels, the Company expects to run further PFAS trials in the USA. These will build upon the successful recent trial, through the Company's Australian distribution partner, at a landfill leachate installation where MYCELX PFAS technology was proven to remove contaminants down to non-detectable levels cost effectively. This broader capability in PFAS removal places MYCELX in a strong position as a cost-effective solution, as the enormity of the PFAS global problem is exposed and the need for complete removal gains public attention. We look forward to updating shareholders with further developments in the coming months.

Connie Mixon, CEO of MYCELX, said:

"I am pleased to provide an update in the Middle East, where our team continues to secure our position as the 'supplier of choice' for clean water solutions. In particular, REGEN is proving its performance and sustainability credentials through the successful ongoing trial in the sizeable enhanced oil recovery market. We look forward to providing more updates, including with regards to our critical PFAS remediation solution."

Posted at 08/8/2022 11:59 by hedgehog 100
MYX has said that they're evaluating partnership opportunities for their PFAS solution, so licencing out of their technology for this could be very possible:-

11/03/2022 07:00 UK Regulatory (RNS & others) MyCelx Technologies Corporation Proposed Placing and Subscription LSE:MYX Mycelx Technologies Corporation
"... Having achieved this highly significant validation, the Company is now looking to accelerate the commercialisation of its technology across the United States. The Company is evaluating partnership opportunities with several environmental engineering contractors and water treatment specialist companies to expedite its market penetration. Accordingly, the proceeds of the Fundraising are intended to be used to aggressively market and commercialise MYCELX's PFAS solution, which are expected to lead to customer education, further trials and contract wins...."

Posted at 16/3/2022 18:10 by hedgehog 100

I agree that MYX looks a decent buy at or near the fundraising price of 50p.

If you're struggling to buy it though, perhaps you may care to have a look at OTAQ, which is not dissimilar.

It had a placing in December at 22p, and it's currently possible to buy in at a tad below that.

Like MYX, OTAQ has an oil services arm, which should be a boom area this year with the surging oil price.

And also like MYX, it has a related arm (aquaculture in OTAQ's case) which is a more exciting growth area.

Be warned though that OTAQ, like MYX, is tightly-held, so it can be difficult to buy.

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