Redt Energy Share Discussion Threads

[tradermel] 15/10/2018 08:16

Just another person trying to deramp, sad to see yet more desperate attempts to dig up negatives. Never understood the need for it myself.

Scott is such a bad man he wants to trash his own 1.6% holding!

[ts0mev] 15/10/2018 08:13

sorry jimflint, you probably already sold at a loss. Try the other BB if you want to discredit RED with BS.

[ts0mev] 15/10/2018 08:09

2277
If you have so many doubts why are you trying to deramp? Sign of a trader rather than "as an investor".

[jimflint] 15/10/2018 07:58

RedT doesn’t have an independent chairman. Linkedin data shows Jeff Kenna has been with RedT for 29 years since May 1989. The 2017 Accounts reported that the Camco legacy business “continued to have a significant influence on the overall 2017 result particularly at revenue and gross profit level” Somehow this business generating €11m revenue just disappeared. The Redt stand alone revenue was just €889,000 in 2017. Scott McGregor pulled down a salary of €244,000 in 2017, when the net cash outflow from operating activities was €10.5m. The cash position of Camco and RedT was not separately disclosed.

The vast bulk of the assets are intangibles. There is €87m in negative retained earnings, The Directors signed off on the going concern statement of May 17-18, but indicated it is not a guarantee as to the group’s ability to continue as a going concern. The accounts for 2018 will make dire reading.

Renewable energy prices are falling. RedT’s overhead has risen. Vanadium prices have gone through the roof. I’m curious the german “deal" was not reported in the german press. RedT’s cash flow breakeven based no of units and prices is not apparent

RedT shows many red lights. As an investor I would be extremely cautious.

[ts0mev] 15/10/2018 07:55

2275
VSA Capital are the placing agents and Investec Bank plc are advisers/brokers for RED. The only reason Schroders were mentioned is because they took a large share and were obliged to report this.

[tradermel] 15/10/2018 07:17

Kingbarlo, when 2 big transactions go through in quick succession it usually is a switch between accounts and nothing should be read into such transactions.


Have been corrected though on the placing!

[quanglewangle] 15/10/2018 06:59

Green: isn't it just another lithium battery outfit? On quick scan I didn't see any mention of vanadium or flow machine.

[kingbarolo] 15/10/2018 06:57

Good morning Greenmachine. To be blunt it is nonesense to compare a company like that with REDT. Has it just bagged a £50m order? Does it have a huge pipeline of orders with some large orders pending? Does it have reach into multinational markets? Is it negotiating with bigger players to gain access to a global market? Does it have a very superior product? One article I read (prior to recent German deal) suggested REDTs intrinsic value alone was 14 / 15p. You sell for what you are worth!

[greenmachine2] 14/10/2018 23:08

This article suggests that an established battery company in Korea is being purchased for US dollars 88 million for 75 percent of the company by a USA quoted inverter company.

This price might suggest that many of us redt followers may be a bit optimistic about the value of redt to a big buyer.The market valuation of swiss based leclanche lithium battery company might also suggest that redt may struggle to hold a valuation of over 7p. I hope I am wrong of course.

[kingbarolo] 14/10/2018 21:49

Thanks Jamonit - I get what you’re saying. But on Friday as “sells” were going through I was putting in dummy buy orders and cancelling. The asking price was the same as the previous “sell” price to the decimal point on a number of occasions. Once a coincidence but several times?? I am certain in my mind the sells were buys.

[dogrunner11] 14/10/2018 21:49

This RNS was incorrect, purely for placing, it’s not improved power, lower cost or smaller footprint. I assume efficiency is false also based on probability:-

redT's Gen 3 patented energy storage machines represent a significant technological advancement, culminating from years of intensive development. These advanced liquid energy storage machines will offer customers improved power and efficiency performance with a smaller footprint and at a reduced cost.

[dogrunner11] 14/10/2018 21:45

Also I keep checking on this smaller footprint Gen3 was promising, yet the newly updated product page clearly states it’s still a 60/300 unit, that’s Gen2.

[dogrunner11] 14/10/2018 21:38

Ianous, basically all they have done is update Schroders holdings and then claim that’s the new correct holding at that new date. I was looking as I’m interested to see if Mr Millar participated in latest funding as he’s always done so.

His holding and % remain the same, which is wrong.

Further I wanted know if other large holders are selling as we never got notification of BS pension scheme selling, which they have. You can check with them direct.

[quanglewangle] 14/10/2018 21:25

Jamonit - that is also my understanding now. My earlier confusion arose because I thought I knew which trades were buys and which were sells and this is unknowable to those away from the transaction.

[mikemine] 14/10/2018 17:31

We know Schroders take a large chunk of the placing but who had the rest I wonder.

[kingbarolo] 14/10/2018 16:32

Mikemine, glad you agree. The good news is we ended the week with significant buys.

[mikemine] 14/10/2018 16:04

KB, I think you're right. The buy price would need to go below 7p, which it did, to justify a buy price of 7p for such a large amount. The larger the trade the more you have to pay per share and all that.

I don't really think the MMs have an agenda apart from creating a market in which they can make money. If they can see all the orders and stop losses in front of them, which they can, presumably they can call the shots to make money out of them. The odds are stacked against us if we trade. We can't see what they can see.

[kingbarolo] 14/10/2018 15:42

Tradermel: I take your point about all placing stock being sold. I was trying to make sense of why MMs were recording buys as sells when the buy price was below the mid price so it couldn’t be computer interpretation. I know this because I tested it at various times during the day. Why do they do that? The last two recorded buys of the day (1.5 m shares) went through at 7p. My interpretation was share price was held back to accommodate these and other large 7p buys during the day.

[mikemine] 14/10/2018 14:19

What do you think would happen to the share price if RED linked up with Shell?

[mikemine] 14/10/2018 14:18

Don't know if you can open this.



Eh, Shell, we're over here waiting.

[ts0mev] 14/10/2018 13:51

Looking past RED it was hardly a good week on any FTSE shares. Currency can also be a determining factor on whether investors outside the UK buy or sell. In other words I don't believe relatively small changes in price are related to the company's performance.

[tradermel] 14/10/2018 13:29

Kingbarolo - I really do not understand "In the short term MMs need to get rid of the remaining share stock", what makes you think any stock has been held back (or what have I missed?)? The RNS states "placing by VSA Capital and Investec Bank plc of 71,903,366 ordinary shares" so all the placing shares were sold. Schroders is a bit of a mystery as their stake has come from someone outside of the Placing, perhaps from the Pension Fund that have sold / are selling down? Obviously something held the shares back last week, do we have an overhang to clear?