Share Name Share Symbol Market Type Share ISIN Share Description
Redt Energy LSE:RED London Ordinary Share GB00B11FB960 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 6.15p 2,576,084 14:00:12
Bid Price Offer Price High Price Low Price Open Price
6.00p 6.30p 6.15p 5.98p 6.15p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 9.2 -4.9 -1.0 - 40.22

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:23:266.13810,53149,645.02O
15:15:276.2017,0001,054.00O
14:34:266.2017,5811,090.02O
14:19:506.20322,58019,999.96O
14:17:286.2010,000620.00O
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Redt Energy (RED) Top Chat Posts

DateSubject
23/4/2018
09:20
Redt Energy Daily Update: Redt Energy is listed in the Support Services sector of the London Stock Exchange with ticker RED. The last closing price for Redt Energy was 6.15p.
Redt Energy has a 4 week average price of 5.90p and a 12 week average price of 5.90p.
The 1 year high share price is 12.63p while the 1 year low share price is currently 5.90p.
There are currently 653,923,424 shares in issue and the average daily traded volume is 1,175,969 shares. The market capitalisation of Redt Energy is £40,216,290.58.
15/4/2018
20:02
dogrunner11: If we assume they had enough for admin to end of year, I believe they did, the funds raised are required to fund intial stage of larger orders. I believe they have at least 3 larger orders that will propel share price to a new level like with ITm not so long back. Fact they have initiated tier 1 manufacturing partner says they are going for mass production. Anyway we look at it those who took part in placing will be expecting a return, history shows the share price has always responded positively afterwards. Team now in place such as our sales chap mid last year should start bearing fruits around now, plus our large scale project will have hours under the clock with hard fact data for others to realise the actual benefits. Happy to add more at these levels personally.
10/4/2018
15:24
brucie5: Fair play, GoM, this will not be for many, hence its current share price. And for those of us who choose to believe, we probably need to make various inferences around quality of the product, competence of the bod, size of opportunity ,and the validity of existing analysis from respected commentators. So far I have heard nothing to suggest that the product isn't excellent, the bod is not competent to execute its plan, and the market isn't virtually limitless. Therefore the main question marks are around the route to profits, and the margin of safety contained in the share price, versus risk of further decline. On balance, I have decided that this is the right share at the right time. But it's not a farm bet, and carries risks that I readily acknowledge. The main short term one, is that further dilution, if badly handled, might lead to further share price drop. Against that, I think there is more likelihood of share price appreciation on news of sales of gen 3, and bullish coverage from analysts and the press. I have not yet one bearish article on this company, which may of course suggest blind optimism on the behalf of financial journalists, including the IC; or it could suggest the strength of the underlying story. Good luck with your other investments, and I look forward to your reviewing this when it breaks back up over 12p. Which would be 100% higher.
09/4/2018
11:11
brucie5: Hmm. I don't know what to think, except there's clearly a lot of value in VFRB technology that is currently ignored in this share price. I think the line about VIONX being worth 1bn on its own may have some read-over to more likely values of REDT, but as Jim says, this is more likely to come about on the basis of sales multiples than profits. Andrew Monk made REDT one of his share tips, you may recall, at Christmas, and Monk work from VSA, which has a 22p target. It's worth re-reading his recommendation. The other thing I'm curious about is the involvement of Anthony Millar, who holds just over 4% of the company. I continue to think, perhaps wrongly, that 6p level represents a low for this share that we will come to see in the same way as 2.5p for TERN, or indeed, 7p for EDEN. And it will come about fairly quickly on the basis either of a sales update, or a recommendation, either one reminding the market of ewhat REDT are sitting on. But of course it's not without risks.
08/4/2018
16:12
brucie5: The change in brokers to Investec + VSA could now seem rather significant. Not just in terms of paving the way to further fund raise, but leveraging investec's network and expertise in debt finance. Scott will also be aware that a languishing share price does no favours to the credibility of the company, or its ability to attract institutional support. This needs to be 100m for starters, which means a share price in excess of of 18p. Once again, I strongly suspect Scott, with help of investec, will be very busy getting their ducks in a row.
18/3/2018
16:40
brucie5: Also, don't discount the impact of government support. REDt's machines are efficient, as we recently heard, and the policy of the UK government is now explicitly supportive of the sector: https://www.investegate.co.uk/redt-energy-plc--red-/rns/key-policy-support-for-uk-energy-storage/201707241548149313L/ So we should have a pushme/pullyou effect at work: government pushing with grants and goodwill, to support both the UK technology and sectoral solution; and the market sucking in investment on an exponential level over next decade. Only wish the share price would catch up!
13/3/2018
08:56
brucie5: Owenski, others, what's your thinking about the likelihood of a fundraising before we get lift off in the share price? I think that concern must be weighing on the share price The discomfort here, with share price at current level, is that it's either time to fill your boots, or tread extremely warily!
28/12/2017
13:55
rovi70: RedT Energy's share price is below the future cash flow value, and at a moderate discount (> 20%). RedT Energy's share price is below the future cash flow value, and at a substantial discount (> 40%). Is RedT Energy still cheap? Good news, investors! RedT Energy is still a bargain right now. According to my valuation, the intrinsic value for the stock is £0.26, but it is currently trading at £0.08 on the share market, meaning that there is still an opportunity to buy now. What’s more interesting is that, RedT Energy’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta.
17/7/2017
17:21
backdoorbill: Citywire Press.... In the development of economical and effective renewable sources of energy, power storage is an essential part of the mix. In different parts of the world, climatic and geological conditions dictate the predominant source of renewable energy, but whether this is wind or solar, power storage is paramount for those windless days or when the sun doesn’t shine. Renewables have their critics, but the importance of clean energy is undeniable and Britain has already achieved a day this year when more than 50% of electricity came from renewable sources; Germany, where development has been faster, achieves this regularly. Energy storage has seen emphasis on the use of lithium batteries to meet the demand for frequency response in various industries; predominantly the fast growth of electric and hybrid cars, but for large scale storage systems the vanadium redox flow batteries will produce consistent energy for much longer periods. In my three New Year stock picks, which I updated last week, I included RedT Energy (RED), where the share price performance has been disappointing, not helped by last Thursday’s AGM statement of slower sales. However, RED has 265 tank unit modules in final stages of customer selection, up from 101 indicated only three months ago with the final 2016 results and active customer enquiries increased to €314 million. The Gen2 sales have been slower than projected but look to be gathering traction with a new focus on the development of Gen3. The market for durable long-term energy storage develops faster than expected, most significantly in the UK and Australia. Mid term the markets for RedT’s products are looking stronger than the projections; I’m sticking with my RedT and would look to buy more on any good announcements from the company. However, this is a new disruptive industry taking shape and you’re investing in a future technology, albeit well proven, if not yet fully understood in the market. As posted on LSE Chas
31/3/2017
07:27
tullynessle: https://uk.advfn.com/stock-market/london/redt-energy-RED/share-news/RedT-Energy-PLC-Manufacturing-Update/74228198 31 March 2017 redT energy plc ("redT" or the "Company") Manufacturing update redT energy plc (AIM:RED), the energy storage technology company, is pleased to announce that today, a Gen 2 energy storage machine is being delivered to its customer, University of Strathclyde. The 5kW, 20kWh liquid energy storage machine will be used alongside the grid and connected renewables as part of a joint project between the University and Gaia Wind at a site in Glasgow, Scotland and will be used to demonstrate the commercial case for storage in the UK for Gaia Wind's customers. redT also notes that its manufacturing partner Jabil Circuit Inc (NYSE:JBL) will be closing its Livingston manufacturing plant. The Company wishes to make it clear that Jabil's recent announcement does not have a material effect on the redT business and the fulfilment of orders. The Company's production schedule remains on track with the delivery of this machine to University of Strathclyde and additional Gen 2 machines, which will ship to Africa shortly. redT's business manufacturing strategy has always been and continues to be that mass production of redT machines would take place away from the Livingston facility, at other Jabil plants, following the conclusion of the Gen1 market seeding phase, which is now complete. redT holds a global manufacturing service agreement (MSA) with Jabil, which is not tied to any specific location. As such, the MSA remains unchanged and the Company continues, as planned, to work with Jabil to optimise the lowest cost manufacture of different components of its energy storage machines by utilising Jabil's 90+ manufacturing plants across the world. This provides redT with a significant competitive advantage in the market. For the reminder of this year, manufacturing of small volume production runs and new product prototypes will continue to take place within the UK. redT will also continue to grow its own Livingston operational centre, having built a strong engineering and operations team since opening the office in 2015. The downturn of the oil and gas sector in Scotland has provided redT with access to highly skilled labour pool and the Company is looking forward to further expanding its Scottish presence as a result. Enquiries:
08/12/2016
10:20
12bn: There's the RNS! I warned you all!//////RNS Number : 3251R RedT Energy PLC 08 December 2016 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL This announcement contains inside information 8 December 2016 redT energy plc ("redT" or the "Company") Proposed Placing and Open Offer and Notice of General Meeting redT energy plc, the energy storage technology company, is pleased to announce that it has conditionally raised gross proceeds of GBP12 million from institutional and other investors through a proposed issue of 150,000,000 Placing Shares (the "Placing") at a price of 8 pence per share (the "Placing Price"). The Company is grateful for the continued support of redT's existing shareholders and is therefore proposing separately to make an Open Offer to all Qualifying Shareholders to enable Qualifying Shareholders to have the opportunity to participate in the capital raising process at a price equivalent to the Placing Price. It is proposed that the Open Offer will raise up to GBP3 million (being less than the EUR5 million maximum amount permitted without requiring the publication by the Company of a prospectus under the Prospectus Rules). The Company intends to use the net proceeds it receives from the Placing to fund: -- Capital expenditure for development of Generation 3 (Gen 3) - approximately GBP1.3 million; -- Operating costs for Gen 3 and Generation 4 (Gen 4) development - approximately GBP2.0 million; and -- Sales, operations and working capital for the next 2 years to accelerate pipeline delivery - approximately GBP8.0 million. The Company's strategy is not contingent upon a full take-up under the Open Offer, and any Open Offer funds received will be additional to the Company's immediate funding requirements. The Placing and the Open Offer (together, the "Fundraising") are conditional, amongst other things, on the passing of a resolution (the "Resolution") by Shareholders at the General Meeting to be held at The Equinox Room, Clerkenwell Workshops, 27-31 Clerkenwell Close, London, EC1R 0AT at 10.30 a.m. on 30 December 2016. The Company has obtained irrevocable undertakings from certain shareholders, including directors, to vote in favour of the Resolution in respect of, in aggregate, 173,771,694 million Ordinary Shares, representing approximately 37.1 per cent of the of the Existing Ordinary Shares in issue. The New Ordinary Shares will represent approximately 28.4 per cent. of the Enlarged Share Capital immediately following completion of the Placing and the Open Offer (assuming the Open Offer is fully subscribed). The Issue Price represents an approximate 29.7 per cent. discount to the price of 11.4 pence per Ordinary Share at which the Ordinary Shares traded on AIM on 7 December 2016 (the latest practicable date prior to this announcement), and a 30.8 per cent discount to the average share price during the 90 trading days prior to 7 December 2016. Neil O'Brien, a Non-executive Director of the Company, has subscribed through the Placing for 625,000 Placing Shares at the Placing Price. The Placing Shares and the Open Offer Shares will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends or other distributions declared, made or paid after the date of Admission. Subject to the passing of the Resolution required to enable the Placing and the Open Offer to proceed, application will be made to AIM for Admission of the Placing Shares and the Open Offer Shares to trading on AIM. Admission is expected to occur no later than 8.00 a.m. on 3 January 2017 or such later time and/or date(s) as Cenkos and the Company may agree (not being later than 17 January 2017). Shareholders should be aware that in the event that the Resolution is not passed, the Company will not be able to proceed with the Fundraising, with the result that the anticipated net proceeds of the Fundraising will not become available to fund proposed upcoming expenditure and achieve the objectives currently pursued by the Board. The Group's business plan and growth prospects may be adversely affected as a result. A circular in connection with the proposed Fundraising (the "Circular") and notice of General Meeting will be posted to Shareholders later today. The Circular sets out in detail (i) the background to and reasons for the Fundraising and (ii) the resolution which is required to be passed by Shareholders at the General Meeting. All capitalised terms in this announcement are as defined in the Circular which will be available on the Company's website www.redtenergy.com. Scott McGregor, CEO, commented: "redT has successfully proven its disruptive technology with the production of one of the longest life, lowest cost industrial energy storage machines, and we are now entering the next stage of development with the commercial roll-out of our Gen 2 units. Estimated at $100-$150 billion, the stationary energy storage market presents redT with a very significant opportunity for sustainable growth and our technology holds the key to unlocking firm renewable power for the future. With a strengthened balance sheet, we will now be able to aggressively ramp up our sales and marketing efforts, and continue the development of the future generation of redT machines. "I would like to thank both our existing and new shareholders for their support and we are pleased to provide existing shareholders with the opportunity to participate through the Open Offer." Contact Details:
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