Pipehawk Share Discussion Threads

[pugugly] 30/3/2023 14:52

General administrative expenses 6 months(£1,902K) + debt and other creditors = probably uninvestable - uninvestable

[eezymunny] 30/3/2023 10:45

Never put any meaningful dent in all the horrible debt. An underperformer for many many years IMO....

[dave4545] 30/3/2023 09:48

Worse still the losses seem to be multiples of what they used to be ?

So since business has "improved" losses have ballooned !

Seems to be 99% of penny stocks now, have they forgot what they are meant to be
trying to do which is make money

[rp19] 30/3/2023 09:04

I'm not sure, there is always some upbeat narrative in their RNS releases but will it ever result in profits?

- QMS: In November '22 they said order intake for first 4 months of FY (to end of October '22) was £3m. It is now at £5.8m (to 29 March '23). So added c. £2.8m of orders in 5 months which is much less than previously on a per month basis.

- TED: In November '22 they said "The best quarter on record achieved during the final quarter of the financial year". "Order intake at TED during the current 2022/23 FY continues to be strong". They now say "order intake for the first part of the 2022/23 FY has been below management expectations".

- Adien: In November '22 they said "Order lethargy continued into July and August this year, but has picked up dramatically since the start of September". This is confirmed in today's update with "the pickup has continued into the first months of 2023 and is anticipated to continue".

[terminator101] 30/3/2023 08:02

The light at the end of the tunnel is a train coming towards them

[fozzie] 30/3/2023 07:49

We knew 2022 had been a poor year but cautiously upbeat about this year moving forward from Gordon. Light at the end of the tunnel perhaps? GW still obviously very support of the business.

[fozzie] 24/1/2023 16:00

From Sureserve's finals today 'we are seeing increased demand for alternative heat sources. This includes, but is not limited to, air source heat pumps. The Government has targeted 600,000 heat pump installations per year by 2028 as part of its 2050 net zero initiative. We therefore believe this will continue to be an area of focus and an opportunity for growth as we move forward'

[fozzie] 11/1/2023 08:08

Options granted, share price needs to be above 25p for 20 consecutive days. That would be nice.

[fozzie] 22/12/2022 08:27

A pleasing AGM statement from Gordon this morning. Obvs we need to see orders translate to an increased bottom line but looking good. Happy to hold.

[rp19] 29/11/2022 10:21

Results are terrible but some of the outlook narrative is positive:

- QMS: "Current FY order enquiries have increased dramatically", "Order intake for the first four months of the current FY is in excess of £3m. Historically, this is an unprecedented order intake in such a short period of time and should enable QM Systems to rapidly recover the ground lost during the 2021/22 FY".

- TED: "The best quarter on record achieved during the final quarter of the financial year". "Order intake at TED during the current 2022/23 FY continues to be strong".

- Adien: "Order lethargy continued into July and August this year, but has picked up dramatically since the start of September".

Is this hot air or will subsequent numbers/results show the inferred improvements?

[fozzie] 29/11/2022 08:51

Love reading Gordon Watts reports, wish all statements were so clear and dare I say 'honest'. He is confident enough to continue to support the business for another two years and I will continue to hold.

[someuwin] 20/10/2022 08:18

Ventive funding sorted, So PIP looks interesting again.

[garth] 17/10/2022 08:27

"As a result, production of the "Ventive Home" System, which was scheduled to begin in June 2022, is now expected to commence in September 2023"

Another example of selective reporting here, IMO. This follows results where we had reports of the Ventive contract but no warning on profits.

We had reports of a new contract award last week but only today, 4 months after the Ventive contract was supposed to have started, we are told that it is delayed.

I don't believe that communicates any value toward private investors. I don't like it.

As suggested above, Gordon Watt is deeply invested in this company - but it is public listed. It isn't a private company - at least not at the moment.

Just a view.

G.

[pldazzle] 11/10/2022 12:08

"Millions of pounds in government innovation funding will be awarded to two dozen projects looking to address technical and skills barriers to heat pump use.

An app to improve heat pump commissioning and a system with integrated heat storage are among the recipients of government innovation funding.

Two dozen technology projects will receive a shared pot of financing through the government’s ‘Heat Pump Ready’ programme that was unveiled as part of its 2021 Heat and Buildings Strategy. The total sum of the finance is £15.03m.

[.....]

"A sum of £1.49M will be provided to Ventive to assist with the development of a modular heat pump system that can be pre-plumbed and pre-configured with controls and energy storage before before arriving on site.

The company is partnered with QM-Systems and Clear Blue Energy on the project with the aim of offering more simple to installed [sic] systems that can offer integrated ventilation, heating and hot water with causing disturbance [??] in properties.

Another aim of the technology will be to make use of in-built sensors to help adapt heat pmup performance to meat the specific needs of individual properties based on thermal mass, user behaviour and heat loss."

I don't recall PIP publicising this? How likely is it that part of the funding will flow to QM?

Seems fairly encouraging anyway, despite the implication that the Ventive product may not be quite as oven-ready as we had been led to believe.

Edit - This from the horse's mouth:


Ventive
Project title: Modular Heat Pumps for Cell Based Microfactory Assembly
BEIS Grant Value: £1,498,600.00
Project partners: QM-Systems Ltd, Clear Blue Energy Ltd
Project overview
Ventive are designing a modular Heat Pump that will provide significant cost and CO2 savings across the installation, operation and production phases.

Ventive Home Heat Pumps are demand responsive, fully integrated Indoor Environment Control systems providing integrated ventilation, heating, and hot water with free summer cooling. The Heat Pump will arrive pre-plumbed and pre-configured with monitoring and renewable energy storage to enable quick and simple installation.

Since each home is different (size, heat loss, thermal mass, occupancy, user behaviour), Ventive will use an array of integrated sensors to assess the indoor environment and adapt the performance of each system, learning and optimising its operation to drive improvements in energy efficiency, energy storage and load shifting capacity.

[chillpill] 11/10/2022 08:38

Is Gordon Watt still running this. He showed huge perseverance is seeing this through to the other side.

Good to see it has come out the other side.

[nico115] 10/10/2022 23:46

With a market cap of 5m pounds ,another couple of contracts like this and we should hit multi year highs !

[kenwright] 10/10/2022 12:12

Great news on the contract and just need the trading update.
I'm buying back in now too.

[garth] 10/10/2022 12:04

Good to see you back posting nico. Agreed Dave.

Fozzie - yes, it has. Kicked myself on the way down. Kicked myself again. And again. Had locked in some profit - but not enough!

With any luck we might enjoy some drift back up the other way now - they are making the most of that additional space.

G.

[fozzie] 10/10/2022 10:55

Great contract win, 1.6M over next 12 months. Been a tough hold, looking up!

[dave4545] 10/10/2022 10:18

Needs to become profitable again. Those last results shocked everybody because we all thought they were raking in the profits.

[nico115] 10/10/2022 10:16

Great contract win Mkt cap only 4.5m so that's substantial