Redt Energy Share Discussion Threads

[dlg3] 27/7/2017 20:55

the first line in the header looks like this, just in case you missed it...


Letter of Intent: Signed with a UK energy projectdeveloper with potential 490MW of grid connected sites

[dlg3] 27/7/2017 20:53

gerd212 first line in the header copy and paste into google, do a little reading before posting some of us do not post lies....

last line of this post..


RedT Energy PLC
2016 Full Year Results
RNS Number : 0562D
RedT Energy PLC
24 April 2017

24 April 2017

redT energy plc



("redT" or the "Company")



2016 Full Year Results



redT energy plc (AIM: RED), ("redT energy" or the "Company"), the energy storage technology company, today announces its Full Year Results for the 12 months ended 31 December 2016.



Financial



2016 financials were in line with management expectations. The Company has a robust cash balance and is fully funded, following the successful capital raise as announced December 2016.



· €17.2m in available cash held as at 31 March 2017



· Loans and borrowings €Nil (2015: €Nil)



· Revenue for the year €10.8m (2015: €11.1m) (includes carbon-related activity)



· EBITDA loss for the year €5.2m (2015: loss €1.5m) (excluding exceptional & discontinued ops.)



· Shareholder approval of £14.88m (before expenses) fundraise to accelerate commercialisation



Operational



Successful transformation during the year from technology development company to delivering a manufactured, commodity product. With proven core technology and a Gen 2 machine engineered to a commercial price, the business is now fully funded to deliver its commercialisation phase.



redT energy storage business:



· Successfully completed Gen 1 Market Seeding phase



· Proved core large containerised technology with completion of performance testing at Power Networks Demonstration Centre (PNDC)



· Successful development of Gen 2 at a market leading price



· First Gen 2 sales and ongoing development of customer interest pipeline



Camco business:



· Comprising legacy business operations of Africa, US and Carbon, which combined, generated a positive contribution to the Company





Commenting, Scott McGregor, Chief Executive Officer said:



"2016 saw redT complete our crucial Gen 1 market seeding phase, successfully prove our core technology at an independent test site and secure the first sales of our commercial Gen 2 product, in line with our business strategy.



Achieving these key milestones throughout 2016 has resulted in redT being fully funded and well positioned to capitalise on the rapidly expanding global energy storage market. This year will be centred on building an organisational structure that has the agility and skills set required to pursue our growing sales pipeline.



As a Company which has traditionally positioned itself as a "quiet achiever", 2017 will see redT entering its sales and marketing phase, strategically pursuing key geographic and application markets. Having proven the technology, we are now focussed on delivering initial Gen 2 sales into key segments and building the foundations for the long-term growth and stability of the business.



2017 has started positively for the Company and we are making good progress towards achieving the business strategy set out above and in the annual report."



Below is a summary commercial update of redT deployments and post year end orders to date:





· Production & Deployments: Thaba Eco Lodge, Jabil Inala, University of Strathclyde, The Olde House (equivalent to 9 x redT tank unit modules)



· 2017 Orders: 1 x 10kW-75kWh & 1 x 60kW-300kWh machines (equivalent to 5 x redT tank unit modules)



· Letter of Intent: Signed with a UK energy project developer with potential 490MW of grid connected sites

[dogrunner111] 27/7/2017 20:39

Alchemy seems to differ. But I will try.Such great opportunity here as this is your typical AIM company plus all the typical approach that easily will be proven wrong by the lack of cash and constant funding and dilutions to share price 6p is all I need, but 4p is about right.

[gerd212] 27/7/2017 20:37

dlg3
27 Jul '17 - 12:42 - 2029 of 2045 0 0
......... "they have a letter of intent of 100Mw in Aus.... REDT has a letter of intent of 490Mw.. until both are signed none are of use to any of the companies..."



I've just re-read the most recent operational update of 13/7/17, I don't see any mention of a letter of intent or potential order of 490mw. What should we conclude by this?

[dlg3] 27/7/2017 20:12

keep posting doggy boy there is no such thing as bad publicity.... every post you make draws attention to the share...

[dogrunner111] 27/7/2017 20:02

Lol - bid sell Pierre. If you are a PI find a way to short this baby.Make some money. No point backing this up. If you buy and ramp this... Your lost not mine.

[pierre oreilly] 27/7/2017 19:56

It's almost impossible for a pi to short this dog111.

Are you short 111? In stature i mean. The way you crave attention, plagerise, post on the back of others makes me think you must be a puny 4ft 11 inch keyboard warrior desperate to get noticed.

You're not Noel Edmunds are you by any chance?

[dogrunner111] 27/7/2017 19:44

It will be irresponsible to say this will take off when future is SO unknown and uncertain.6p fair ramp value.4p about real value.Let's make some money! Short this baby!!

[dogrunner111] 27/7/2017 19:42

But let's ensure a 6p value is broadcast.

[dogrunner111] 27/7/2017 19:40

Ok then.I will!

[alchemy] 27/7/2017 19:09

D iii . Go do one and disappear. If you would.

[fieldhouse] 27/7/2017 14:47

That would be my understanding Chick.
If this gets real legs and takes off there will be need for further cash to facilitate
large scale deployment.
Not a problem,indeed the reverse.

[dlg3] 27/7/2017 14:45

scan through the list above and see the calibre of companies at the event...

[dlg3] 27/7/2017 14:43

Scott McGregor is the only storage manufacturing company at the event....now what does that say???

[dlg3] 27/7/2017 14:41

Expert Speakers and Panellists

Speakers and panellists for the DSR event are listed below. Their collective expertise will give delegates an insight into the challenges and opportunities presented by DSR provision.



Eamonn Boland
Eamonn Boland
Manager, Baringa Partners
Yodaly Sierra-Rubio
Yodaly Sierra-Rubio
EMEA Finance & Business Development Manager, CBRE
Simon Dawes
Simon Dawes
Policy Adviser, Security of Electricity Supply, Department of Business, Energy and Industrial Strategy
Andrew Heygate-Browne
Andrew Heygate-Browne
Senior Energy Innovation Analyst, Dwr Cymru Welsh Water
Sam Scuilli
Sam Scuilli
Regional Director, European Sales, EnerNOC
Mark Cavill
Mark Cavill
Head of Demand Response Services, Engie
Annalisa Bell
Annalisa Bell
Leader, UK DSR Sales and Origination, Eon
Dr. Maria Spyrou
Dr. Maria Spyrou
Energy Efficiency Programme Manager, Marks & Spencer
Lee Stokes
Lee Stokes
Head of Demand Management, Mitie
Asheya Patten
Asheya Patten
Flexibility Workstream Lead, National Grid
Paul Lowbridge
Paul Lowbridge
Power Responsive Manager, National Grid
Kate Dapre
Kate Dapre
Head of Engineering, Energy & Sustainability, NHS National Services Scotland
Louise van Rensburg
Louise van Rensburg
Senior Economist, Ofgem
Ian Harvey
Ian Harvey
UK Technical Manager, Partner Logistics
Scott McGregor
Scott McGregor
CEO, RedT
Louis Burford
Louis Burford
Vice President, UK Operations, REstore
Sotiris Georgiopoulos
Sotiris Georgiopoulos
Head of smart grid development, UK Power Networks
Ian Tanner
Ian Tanner
Power & Markets Manager, UK Power Reserve
James Tiernan
James Tiernan
Group Energy & Environment Manager, Unite Students
Graeme Brownlie
Graeme Brownlie
Principal Category Manager, Energy Procurement & Technology, Vodafone
Matt Watson
Matt Watson
Innovation and Low Carbon Networks Engineer, Western Power Distribution

[dlg3] 27/7/2017 14:39

Scott speaking at the ....

[ch1ck] 27/7/2017 14:19

Chicken01You are wrong the Faraday project is aimed at all battery technology with the biggest chalenge being the storage of power for the grid from renewable energy.It is true that Red has a solution but there are at least 10 other possible solutions being tested or in pre commercial states.Most of these are small scale aimed at car watch or appliances.There is one or more looking at grid storage but they are not as advanced as Red which is the market leader in its technology.The government wisely have opened up research across the board before committing to a single product. Australia have not done this and have been swayed by Tesla with an inferior product and in my opinion will regret the décisions in five years when they have lost 50% capacity.Short term if Red can access some of the available cash it will de risk the shares for another cash call to fund the tranche 3 project. This I believe is the driver for the latest sell by one of the largest stock holder.This is only my own opinion please DYOR

[dlg3] 27/7/2017 12:45

but should Tesla turn their 100Mw into a firm contract then it will be reflected in the share price, but should REDT turn their 490Mw into a firm contract the share price will go ballistic, which would you have your few hundred grand invested in.???

[dlg3] 27/7/2017 12:42

lets compare ourselves to Tesla, the storage side, forget the vehicle side... they have a letter of intent of 100Mw in Aus.... REDT has a letter of intent of 490Mw.. until both are signed none are of use to any of the companies...

[dlg3] 27/7/2017 12:38

rovi70 only a dream if it never happens, if you dream the other way its time to sell up !!!

[dlg3] 27/7/2017 12:37

That is the chance you take with AIM, really with any stock....we wait and see...

[rovi70] 27/7/2017 12:32

dlg3 If only your research showed this (2024) rather than a dream!

[iglenn] 27/7/2017 12:28

Decent and balanced responses gents. Dlg my fear is I have been here many times before and ended up selling at huge losses as the companies went down the drain. And the boards were full of eastern promise. Top up time. Quotes from warren buffet, the violinist playing as each ship sunk. I do hope this is as different as it purports to be. Thus I stay invested but moan a lot.