Redt Energy Share Discussion Threads

[guppygould] 01/10/2019 18:40

I'm confused how anybody could 'ramp' a share that has ceased trading and has the potential to have stopped trading permanently, but that's just me...

[pdoc] 01/10/2019 16:18

Ha ha - that pretty much proves my thought about you being an insider there ts0mev when you wrote "I was disappointed with the flat sales...". You might have noticed that there were no sales, zero, zip, jack *h*t, f*c* all, nothing, nil. For sales to be 'flat' as you say means there were no sales the year before either. On a time graph zero sales followed by zero sales is flat - see how it works? Wow - no sales for 2 years, so you say, and you are still ramping it up. Why on earth would that be?

[greenmachine2] 30/9/2019 21:28

RED managed to provide their interim accounts by the AIM market deadline, just. However the accounts for the UK subsidiaries for 2018 have not been filed as far as I can see by the 30th September 2019 deadline at Companies House. I hope that this does not involve a fine by Companies House and that RED have a legitimate reason relating to the merger say. I note an alternative registered inspection address of an accountancy firm Calder and Co now exists from the 30th September for all the UK registered subsidiaries. Does anyone have any ideas about these things and could they enlighten me and others if they do?

[ts0mev] 29/9/2019 11:53

Sales not up over the previous year but not down either. We were told after the open offer that it is not going to grow overnight and be profitable. Probably a few years before we get to where anyone holding is comfortable. Rome wasn't built in a day. The next important step is the merger and then they will take another step, not leaps and bounds. If you are invested it is about understanding the strategy not the business model. Where this is going not where it is now.

[chestnuts] 29/9/2019 11:18

Brucie/Mikemine

All the scientists agree that the planet as had 5 iceages , were man to blame for these, were man to blame for the rapid increase in temperatures when the iceages started to melt, maybe man was around and the problem why man disappeared was because we stopped producing gas and oil to keep us warm when the iceage took over the planet, i dont blame man . i think its just a natural development of the planet.

I will add the romans grew grapes in England , now it took over 1000 yrs before we started growing grapes again in the uk, Also this yr the trees in the UK had probably the best blossom i had ever seen in my 61yrs now this tells me the trees were and are content with the weather pattern and all the 61 yrs before they were not, so maybe we are getting back to a norm where as before it was not.

What really gets me we have only been taking the temperature of the planet for a couple of hundred yrs and now we think we know every thing about it, its like visiting the doctors walking in for 1 second and then out , and expecting the doctor to know every thing about the human body.

[owenski] 29/9/2019 11:01

greenmachine, great article, thanks for the link.

[owenski] 29/9/2019 10:54

Lithium is a known system, VRFM isn't.

Below is probably the nub of the problem - plus upfront Cap-Ex cost issues -

"These procurement teams want to make sure that the manufacturer of the battery they select still exists in ten years’ time in case they need to replace faulty purchases. As a result, they favor working with reputable lithium-ion behemoths, rather than upstart redox flow pioneers, regardless of the long-term cost projections of the project."

[guppygould] 29/9/2019 09:13

Plenty of ifs, buts and what-have-you's to speculate about while shares are suspended. It seems like there is plenty of potential interest from large investors which has to be a good thing given the two very negative RNS's this year.

From things that I've read, I understand that sometimes when company's are looking to attract investors they will announce negative news, cut operating costs etc. Let's hope this pays off for RED. Best of luck if you're holding still!

[ts0mev] 29/9/2019 09:01

not specifically RED related, but part of the RED strategy with Statkraft.

p.s. GM I saw your Saudi post. I would have said this is not a market that RED were focused on, but Avalon??? Could be another opportunity for growth through the merger.

[greenmachine2] 29/9/2019 08:18

The strategic and more planned and controlled economy of Saudi Arabia is now joining China's start in this area with a big flow battery installation plant backed by German Schmid VRFB maker and probably a lot of Saudi money.

Matt Harper of Avalon and Alex Au of Next Tracker are mentioned in the article.

[ts0mev] 28/9/2019 19:03

I was disappointed with the flat sales, but the reduction in operating losses and confirmation that they still have funds is reassuring to know.

[mikemine1] 28/9/2019 18:49

Thanks ts0mev, lets hope Neil is right.

[guppygould] 28/9/2019 15:32

Just an idea regarding academic research papers, that you would be wise to be sceptical about taking their major findings at face value. Academics require finding from various sources (including big business.) Think big oil etc in the case of change to the climate and environmental papers to benefit their business. I haven't read the specific article yet, but I can remember reading about such a case in the past and this may be akin to that.

Also (this is completely off-topic,) regarding the Brexit vote, in my humble opinion you would be incorrect if you think that "the people" had their say, or even the politicians. In this specific example it was a vote organised by Cameron to keep him in a job. The only people that are ok at the conclusion of such instances are the 1%; big business, banker's and politicians. The common man is just subject to the façade of having an opinion and coping with the fallout.

[mikemine1] 28/9/2019 12:34

Brucie5, of course these sites promote articles that serve their purpose as do the Climate Change sites, read the BBC as one, but this article refers to scientific research that has been peer reviewed and we hear nothing about counter arguments. Most of the Climate Change information is predictive whilst most of the alternative views are observational. I don't think anybody can say that the climate is not changing, it's always been changing, but the hysteria surrounding the Climate Emergency is foretelling a speeding up of warming with very little observational evidence. There is also evidence of climate panels altering observed data for alternative data that fits better in to their models.

We could spend ages presenting one view against the other with little effect, like the 2 sides of the Brexit debate, but I'm suspicious when scientists can only get funding when investigating one side of an argument and only one side of an argument is being presented to the public.

[brucie5] 28/9/2019 12:10

Mikemine, you will always find sites that offer a counter-narrative to the scientific concensus, just as you will always find the odd doctor who believes that MMR causes autism. But I'm afraid these are reactive narratives that serve the interests of those who peddle them, and as such are largely or completely counter-factual. Look at what is happening to the Greenland and Antarctic glaciers, which can be measured in relation to the water that will consequently be melted into the oceans. What is causing this? Then trace temperature rises since the end of the 19th century, and the pattern of new record highs recorded in Europe.

That said, I would agree that there is a problem with the sheer complexity of the science we would need to understand to have a first hand insight into what is happening. I too have heard the argument that more C02 simply gives trees more to breathe; but I think the problem is far deeper than that. For example, a lot of the C02 we are currently producing is being stored up in the oceans, which will then serve as a kind of storage system, but not of the positive kind. More like having storage heaters beginning to turn themselves on when we're in the middle of a sweltering summer's day.

There is huge risk in assuming the best and discounting what we are being told about the worst. Moreover, fossil fuels, valuable as they have been, are dirty, addictive, and dangerous, while industrial meat production is bad for us and for the environment. I would rather we undergo a revolution now in weaning us off both, as much as possible, for greater human health and flourishing, as well as the safety of our planetary survival.

[mikemine1] 28/9/2019 11:40

As its the weekend I reckon I could go OT. Apologises if you don't agree.

Found this when I googled for something to calm my anxiety about the Climate Emergency.Worked a treat.



Too technical for me but luckily they have Janet and John bits.

[mikemine1] 28/9/2019 11:37

It's subscription barred. Any chance of a copy and paste of the important bits?

[owenski] 28/9/2019 11:31

Very uncertain high risk situation here, if they do secure funds the combined entity - if that succeeds will be back again for even larger funds at future dates.

Meanwhile, it's a suspended share with PI's diluted to zero funds locked in and further dilution to come if suspension lifted.

All avoidable, enough red flags were raised on this stock prior to all this.

[guppygould] 28/9/2019 10:19

Thanks Brucie5. The article is here:

[brucie5] 28/9/2019 09:53

Small piece on RED in the FT today/ small cap focus on green energy cos. Needs to raise 24 as part of an enlarged co with Avalon. Needs a new investor to make a cornerstone investment.

[owenski] 27/9/2019 22:03

Often pointed out there was a problem with the business model here.

[greenmachine2] 27/9/2019 21:56

#9207 pdoc. The six monthly results make grim reading. I assume as the RedT turnover on invoiced and delivered machines / services is negligible at under 200K nothing really was sold. We are seeing a huge gap between delivery timelines and project delays and changes.

Cellcube (quoted on Canadian and two other markets) ex Gildermeister subsidiary and the largest installer of VRFB outside of the less market orientated Chinese market is not selling either, but has big deals in the pipeline apparently too. Unienergy privately owned is saying little too on sales. I could go on. No one is selling anything much in the vrfb field. Grid Battery sales are booming it seems in many markets, but they are mostly Lithium based.

I can only see that a vertically integrated programme of flow battery installations in house, that are then sold on after proof of profitability and reliability is the only way some VRFB company, perhaps RED is going to prove the worth of the product . We may be also seeing the no one got sacked for buying IBM computers problem of yesteryear affecting flow battery sales today. On the other hand perhaps they cannot compete on price, whatever metric is used. If so RED and all the other flow battery companies will be consigned to the dustbin of history.

[pdoc] 27/9/2019 18:26

14th March 2019 RNS:
“Shareholders should be aware that unless the Minimum Amount is raised… could result in the Company being unable to trade.”

This was followed by a £millions fund raise to pay Scott and his friends salaries. They did nothing and have not sold anything. They have all had long holidays abroad with our money they have simply dished out to themselves.
Six months later… with nothing sold and no new orders/interests announced…

27th September 2019 RNS:
“…cash will run out in December 2019. Unless additional funding is obtained by December, the Group would have no option but to cease trading.”

This actually is starting to smell something akin to fraud.