Redt Energy Share Discussion Threads

[dogrunner11] 18/5/2018 20:56

Has anyone looked at those slides? This is what really gripes me, huge bonus shares, risk free ones at that, yet they cant even close a deal for those farmers with a 40% grant.

In fact almost all sales are coming from third party introducers, so that’s zero in terms of annuity income and anyone explain what our sales team are doing?

I’m all for giving benefit of doubt but when a priority for the BoD is to sort out free shares and how distribute those whilst extending other share options (target not met?) yet they can’t close an order with a 40% government handout.

For the record I do expect the share price to rise rapidly at some point this year, but to say these guys deserve any sort of reward above salary is rewarding failure.

[owenski] 18/5/2018 18:22

The news on the Gen3 costings from the 'phone in' sound interesting, it's possible the margins might be higher than I thought. Have to wait and see.

Needs large projects with attached unit sales here to ignite the share price

I also think they will raise funds again.

Options announcement is annoying, but the story remains intact...but still maintain it will be a slow story.

50m M.cap gained mostly from dilutive fund raising requires evidence of the business delivering to keep that valuation level up.

[spud] 18/5/2018 17:39

Excise price 5.9p & 7p!?!?!?Where's the bleedin' incentive to get the price up? spud

[murdo mcsponge] 18/5/2018 17:26

Chicken1 Your "handle" is most apropriate!

[chicken01] 18/5/2018 17:22

My average over my holding is 9, so as soon as I can recoup 9, that will be it for me. I can invest on the ftse100 with better gains...this is just gambling not I investing. I've held for over 2 years now with no return, even a savings account gives better returns...LOL!.

[dogrunner11] 18/5/2018 16:57

"The Board has also approved for 35,027,758 Options under the 2015 Share Plan to be surrendered and regranted under the 2018 Employee Share Option Plan, subject to the surrender of the existing options and on the same commercial terms as the original options."


Like John Ward they don’t want throw their money away, best wait see if it succeeds before putting their hard earned money in.

Stinks.

[gerd212] 18/5/2018 16:50

Is it normal practice to give a "second bite of the cherry" for expiring options (target not attained?).


"The Board has also approved for 35,027,758 Options under the 2015 Share Plan to be surrendered and regranted under the 2018 Employee Share Option Plan, subject to the surrender of the existing options and on the same commercial terms as the original options."

[luminoso] 18/5/2018 16:32

Agree, netcurtains.
Seen far worse BOD snoutery in troughs from other companies on AIM, where virtually no work is being done - ie true lifestyle companies.
At least we know they are working hard, this board.
Will expect to see some positive news of sales in coming weeks/ months, though.

[netcurtains] 18/5/2018 16:14

i have no trouble with the options PROVIDED he knows within a FEW WEEKS (AT MOST) the share price heads NORTH BIG TIME.....

Lets hope he has done this because he knows we'll all be happy in a few weeks

[brucie5] 18/5/2018 16:09

Dear Jo,

As a private investor, and hitherto enthusiastic supporter of REDT, I have taken every opportunity to tell my friends about the wonderful story unfolding here, of renewable, decentralised energy. holding so much promise, both as investment, and as a good in itself.

So it's with considerable dismay that I see today's RNS about options. Let me remind you:
-----------------------------
Options over a total of 25,920,835 Ordinary Shares will be granted under the Plans; 12,399,552 under the CSOP part with an exercise price of 7.05 pence per Ordinary Share (being the Market Value), 10,521,283 under the EMI part with an exercise price of 5.9 pence (being the price at which the Company completed the placing as announced on 13 April 2018), 1,000,000 under the Unapproved part with an exercise price of 5.9 pence, and 2,000,000 under the Consultant Share Option Plan with an exercise price of 5.9 pence. The Options will vest between two and five years from the date of grant and are exercisable for a period of three years from the date at which they first vest.
-------------------------------
I'm sure I don't need to remind you that we have just had a fundraise, and the share price is pretty much on the floor. Normally, I would expect directors to buy the lows, not award themselves options! This gives a disastrous message, about faltering ambitions and frankly, very greedy directors, with little belief in their company.

Unless I hear to my satisfaction, a defence of this award that actually persuades me that it isn't what it looks like, I will conclude that the game is over here and this is actually, just another AIM fly by night. Scott already earns more than twice the Primeminister, and the company as yet makes no profit!

This is frankly, a disgrace.

Your sincerely,

[sleveen] 18/5/2018 16:07

Typical AIM company.

[jswjsw] 18/5/2018 16:02

Well, I agree re the 5.9p placing. There is no excuse for these, when Open Offers can easily and quickly be made. Representation to boards ought to be made every time this unforgivable favouritism occurs. RED should apologise to private investors for this.

But the options RNS is just re standard procedure. This dilutes by 3.6% on a 2 - 5 year time frame. So to all intents & purposes it's actually insignificant.

j

[bmcb5] 18/5/2018 15:57

Been watching these from a distance. Have an interest in the industry.

That news today is a huge red flag for me. I wasn't convinced anyway, but i don't like that at all

You should voice your concerns imo

[brucie5] 18/5/2018 15:57

Can I suggest we all email the company. This kind of thing sets exactly the wrong message. Options should suggest ambitious targets, not snouts in the trough of low aspirations and greedy freeloading. As a director you buy the lows; but set options much higher. I think Schroders and Ervington should have a quiet word. Can I suggest any serious shareholders here make their presence felt. This is a high risk, high reward share, but I see very little shared commitment in these options. If anything, they should be given to the badly paid research engineers recently hightlighted, on whom REDT depends for its R&D, not the fat cats.

Call this out: I suggest we all email jo Worthington

[e-mail]

[spud] 18/5/2018 15:52

Yup, pretty poor form imo. I was going to hold these for the medium/long term but now plan to dispose somewhat sooner. At least I've been given the Directors measure early into my association with this company...spud

[brucie5] 18/5/2018 15:39

Well spotted. This is a disgrace. If Scott thinks he can turn this into a lifestyle company with options at 5.9 and 7p, he won't be keeping his investors very long, and life style will not be maintained at its current rather heady valuation!

"Options over a total of 25,920,835 Ordinary Shares will be granted under the Plans; 12,399,552 under the CSOP part with an exercise price of 7.05 pence per Ordinary Share (being the Market Value), 10,521,283 under the EMI part with an exercise price of 5.9 pence (being the price at which the Company completed the placing as announced on 13 April 2018), 1,000,000 under the Unapproved part with an exercise price of 5.9 pence, and 2,000,000 under the Consultant Share Option Plan with an exercise price of 5.9 pence. The Options will vest between two and five years from the date of grant and are exercisable for a period of three years from the date at which they first vest. "

[dogrunner11] 18/5/2018 15:37

Not even at attempt at encouraging the team to get share price back to previous placing price 8p.

All for being positive but can anyone see how that is good for us who have been totally shafted of late?

[dogrunner11] 18/5/2018 15:31

Another kick in the nuts from our ceo, I mean WTF is that, dire share price and huge rewards all paid for by us.

I wouldn’t mind if those directors actually bought some shares, I take it as a given they do next to nothing.

Disgraceful.

[spud] 18/5/2018 15:14

More Options for the boys. I wouldn't mind if they actually pushed the Directors by way of a taxing target but 6 & 7p???spud