Powerfilm Share Discussion Threads

[somerset lad] 09/7/2013 13:55

Interesting, Norbus. In your discussions did PFLM say that it is now profitable? (The last I have is that it expects to "make good progress towards achieving profitability in 2013" (from 18.3.13 RNS), which is consistent with ongoing, but reducing, losses.)

[wetdream] 08/7/2013 09:48

Agree. But isn't that up to the co to sort out?
ie - appoint another NOMAD?

[varies] 27/6/2013 22:18

Interesting deal shown today, about 3% of the capital,presumably effected outside the market.

[wetdream] 09/6/2013 10:45

According to the PFLM website, 40% of the shares are in public hands:
----------------------------------------------------------------------
Total Issued Shares (Common Stock): 38,087,025 shares

Percentage of AIM securities not in public hands: 59.5%

Identity and Percentage of Significant Shareholders:

Frank Jeffrey 30.3%
Derrick Grimmer 29.2%
Bank of Luxembourg 7.8%
Collins Stewart 4.7%
Steve Martens 4.0%


Nomura Code seems to be the only broker covering the company.

hxxp://sharedealing.nandp.co.uk/broker-views/PFLM/PowerFilm-Inc

[varies] 22/5/2013 22:21

Norbus
Many thanks.
Knowing nothing of FJ I would not impugn his character. Even so he may well doubt whether maintaining the AIM quotation is worth the trouble as these shares are so hard to deal in.

[varies] 20/5/2013 10:25

PS.
In July 2011 Bank of Luxemburg and Collins Stewrart each bought shares for their clients : c.2,965,000 and 1,800,000 respectively being now c 8.0% and 4.8% of the capital. The price was not reported but the graph suggests that the shares were then trading in the range 25-30p.

This provides a little comfort.
The only other big shareholder shown on RNS is Mr. Frank Jeffrey with c 25%.

[varies] 20/5/2013 10:09

The shares look very cheap on an asset basis and I bought some more last week.
Then on Friday I had a very nasty shock from Silanis (SNS) whose directors have decided to take the company off AIM and the idea has occurred to me that the directors of PFLM could do the same.
Looking at the history of these shares since 2006, I see that 8,000,000 were placed at 120p raising $18m before expenses. At this price the market cap. was apparently $75,000,000 and the total no. of shares,I believe, 33,333,333.
2,600,000 new shares were placed at 300p (!)in June 2007.
Some other shares must have been issued, perhaps to employees, as the number in existence in Oct. 2008 was about 37,000,000.I believe that this is about the same now.
Assuming that the 10,600,000 shares placed in 2006-07 are held by outsiders, then insiders hold c25,400,000 or c69% of the capital. They only need 75% to force through a motion taking the company private.
Perhaps I am being too gloomy. The sight of some profits later this year would cheer me up.

[qwazi] 20/5/2013 08:26

Agreed. PFLM need to change to a specialist small cap broker.

[norbus] 20/5/2013 08:17

Q

The real problem lies in there being no market in the share. Nomura Code clearly failing on the job.

[qwazi] 13/5/2013 15:56

Still incredibly boring here. Like Norbus says, plenty of irons in the fire but a lot of the recent announcements seem like relatively small projects.

I think the best potential source of upside now may be from the military. They said in their results that the latest development contract from the military was for the following purpose:

The overall goal of the program is to improve the price/performance ratio of the structure enough to make widespread implementation cost effective.

So, if they can improve the price/performance of the solar tent, then potentially big orders in the pipeline from the military.

[norbus] 28/3/2013 15:29

Number : 0767B, 27 March 2013,
PowerFilm, Inc. Hobie Cat Company Strategic Relationship and Product Launch

27 March 2013, PowerFilm(R), Inc. (AIM: PFLM), ("PowerFilm" or the "Company"), the developer and manufacturer of thin flexible solar panels, today announces its strategic relationship and product launch with Hobie Cat(R) Company ("Hobie Cat").

PowerFilm has reached an agreement with Hobie Cat to supply custom solar panels to recharge the v2 battery for the Hobie Cat eVolve(TM) electric motor. The strategic partnership comes after nearly two years of collaboration and development of a customized product specific for Hobie Cat watercraft.

The PowerFilm solar panel utilizes marine grade connections and weatherproof, ultra thin, ultra light material for quick charging of the v2 battery that is incorporated into the Hobie Cat eVolve v2 system. The panel can charge the battery or indefinitely run the motor at 2 knots with optimum sun conditions. The easy to use, weatherproof panel has been salt water tested and uses stainless steel rivets and grommets to ensure reliable power in challenging marine conditions.

The PowerFilm solar panel for Hobie is commercially available and is being distributed through Hobie's existing commercial channels.

"We looked at various solar panel manufacturers and ultimately selected PowerFilm's solar panels given their durability and the way PowerFilm custom engineered the product to meet our specific needs," said Dan Mangus, Director of Marketing, of Hobie Cat Company.

Founded in 1950, Hobie Cat Company manufactures, distributes and markets a collection of eco-sensitive watercraft worldwide from its headquarters in Oceanside, California. These include an ever-expanding line of recreation and racing sailboats, pedal-driven and paddle sit-on-top recreation and fishing kayaks, fishing boats, stand up paddleboards, plus a complementary array of parts and accessories.

"We are very excited, after two years of hard work and preparation, to have another strong strategic partner in Hobie Cat," says Ron Mason, Vice President of Sales and Marketing at PowerFilm. "We're looking forward to growing this relationship into the future."

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

I see this as a breakthrough with wide applications, including for fixed sail tankers. Any clean power makes a major reduction in pollution. Once economics
stack up, this application will fly.

[norbus] 18/3/2013 11:14

PFLM have a lot of useful irons in the fire that should be felt now. Given they stabilised the business after some painful right-sizing, I expect to get into good profits this year.

The un-investible shares is an utter disgrace and a black mark on the NOMAD Nomura Code. I think it is now appropriate for holders to represent to PFLM to rectify

[varies] 18/3/2013 10:43

The balance sheet still shows about $31 million of equity compared with our market cap. of c$5 million.
Progress on the P&L a/c seems painfully slow. Considering the size of the US army, the current value of our military sales is modest; let us hope that the visits of the procurement officials bear fruit.

[norbus] 18/3/2013 09:13

I think Phicot is suffering a back burner fate, or worse, due to HP troubles with Autonomy and Dr Jeffery's impatience to get to profitability.

[timely4] 18/3/2013 08:47

I was always most excited about the potential for the phicot product, so it is disappointing that that seems to have died. Otherwise as you say steady progress is being made especially as the level of competition is decreasing.

[norbus] 18/3/2013 08:18

Solid workman like consolidation with promise for the future. sorry about the Phicot work which seems in doubt

[norbus] 13/3/2013 06:22

Depends on your perspective. If you want to trade these, go yawn some more and get under the covers.

There is a lot of technology here, with a China handicap hampering progress. Once sorted PFLM should see much better days.

[qwazi] 12/3/2013 10:11

Results on Monday. Any excitement or another yawn?

[wetdream] 24/1/2013 15:25

Crikey - I'm astonished that any analysts are covering PFLM!
400p was obviously a dream.