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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +3.76% 6.90p 6.70p 7.10p 7.10p 6.65p 6.65p 1,519,628 15:29:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 9.2 -4.9 -1.0 - 45.12

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DateSubject
25/2/2018
08:20
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 6.65p.
Redt Energy has a 4 week average price of 6.55p and a 12 week average price of 6.55p.
The 1 year high share price is 12.63p while the 1 year low share price is currently 6.55p.
There are currently 653,923,424 shares in issue and the average daily traded volume is 1,308,988 shares. The market capitalisation of Redt Energy is £45,120,716.26.
22/2/2018
15:54
cheek212: At least the daily volumes have increased over the past 3 days - the share price may not have drifted the way we would like but the number of trades and volumes are clearly showing there is life yet in this old dog!!! Just need Scott to issue some positive news, or any news to get this downward spiral reversed. I can't believe that it was only a few weeks ago when they announced a 338% increase in machine production and a 269% increase in orders! Anyone would have thought they announced a drop in orders not an increase given the share price action this week!!
21/2/2018
11:18
cheek212: The spread is wider than usual but looking at the trade prices, It is clear that there have been 15 buys today and no sells so far. The number of trades and volume is higher than it has been over the past weeks or so but no movement in the price - it didn't stop them pulling this down yesterday with very little volume. As was mentioned earlier, potentially a large sell order in the background - once filled then maybe some movement, hopefully upwards! In the meantime I have today emailed the company to congratulate them on the growing order book but also express my concerns re the falling share price - I do think the company could do more to 'sell' themselves and better marketing/ communications would help, both for growing the business but also the share price.
13/1/2018
10:43
dibbs: Hi Plootocrat, No worries. For most shares there is a NMS or normal market size which is calculated by the LSE and the market makers are supposed to trade this size freely although this does not always seem the case! If you try to buy or sell a larger volume then the reporting of these trades may be delayed by a few hours or to the end of the day. This can also make working out if a trade is a buy or sell tricky as a buy carried out in the morning but reported at the end of the day may look like a sell if the share price has risen during the day! Very large trades, including institutional buy or sell orders can take weeks or months to be "worked" This is especially the case with smaller stocks whose shares are not very liquid. If someone has 50 million RED shares they want to sell then it might take weeks or months for a buyer to be found and that sell order in the back ground will weigh the price down. Eventually when a buyer is found the trade will be reported and at that point it is all done and dusted and would be considered to be history and in the price. I've found looking out for unusually large trades in a share can signal the clearing of an overhang and deliver a nice short term rise. This is my understanding of it, gained over quite a few years now but don't take it as gospel. Hope this helps and hasn't confused the hell out of you?! Dibbs
11/1/2018
12:08
waterloo01: hTtps://www.shareprophets.com/views/33721/the-stocks-to-buy-in-the-world-of-batteries-and-alternative-energy So VRB’s are going to happen , the final hurdle before mass roll out in my view is showing they are totally economic to the end customer and today we are at that tipping point – this is no longer a cost to go green , but a profit by going green. And of course the good news is that in this space we have a UK Quoted company and a leader in its space – RedT RedT had quite a tough year last year as things just took a little longer than expected and so the market got disappointed and also not helped by a major shareholder/director becoming seriously ill and so having to resign and sell some stock, but that is out of the way now and that was last year, this year the orders should come through thick and thin and start to gather momentum - when the happens the share price should rocket as who knows what a market leader in this space is worth – but I know plenty of Chinese groups to start with who would pay a fortune to acquire this Company !!
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
16:21
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
06:27
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:
25/10/2016
19:55
backdoorbill: 26p before news? The stock of Redt Energy PLC (LON:RED) hit a new 52-week high and has GBX 28.56 target or 104.00% above today’s GBX 14.00 share price. The 6 months bullish chart indicates low risk for the GBX 65.78 million company. The 1-year high was reported on Oct, 21 by Barchart.com. If the GBX 28.56 price target is reached, the company will be worth GBX 68.41M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.66% or GBX 0.75 on October 21, hitting GBX 14. About 1.48M shares traded hands. Redt Energy PLC (LON:RED) has risen 39.47% since March 21, 2016 and is uptrending. It has outperformed by 35.00% the S&P500. Another recent and important Redt Energy PLC (LON:RED) news was published by Fool.Co.Uk which published an article titled: “3 potential ten-baggers? Redt Energy plc, Iofina plc and Amur Minerals corporation” on June 07, 2016. redT energy plc, formerly Camco Clean Energy plc, is engaged in developing and supplying energy storage systems based on vanadium redox flow technology for on and off-grid applications. The company has a market cap of 65.78 million GBP. The Company’s divisions include US business, Africa Clean Energy business, redT Energy Storage business and Group . It currently has negative earnings. The redT business segment is focused on the on-going development of its energy storage system.
06/10/2016
06:14
tullynessle: Non-Regulatory news release this morning from RED. http://uk.advfn.com/stock-market/london/redt-energy-RED/share-news/RedT-Energy-PLC-First-redT-energy-storage-machines/72607356 RedT Energy PLC First redT energy storage machines arrive at Gigha 06/10/2016 7:00am RNS Non-Regulatory Four 15-240 energy storage machines successfully delivered ahead of final installation and commissioning phase redT energy plc ("redT energy" or the "Company"), the energy storage technology company, is pleased to have transported four of its 15kW-240kWh energy storage machines to the Isle of Gigha. The units, which are the first contract manufactured, containerised, large scale vanadium flow machines of their kind, are four out of seven modules of an energy storage system that will eventually total 1.68MWh. The machines are now sited in preparation for their installation and commissioning onto the island's electrical grid. The Company will update the market once the final three modules have been delivered to Gigha. The 1.68MWh system will be used to generate revenue by providing grid support services. The system is configured and approved to remove generation and export constraints from the addition of an extra 330kW community-owned wind turbine on the island. In addition, the machines will also eventually provide voltage and frequency support services and back-up for the remote Scottish island in case of grid outages. Scott McGregor, CEO of redT said, "Today's announcement marks another significant milestone for redT and moves us closer to successfully concluding a game changing project for the energy storage industry. This is not only an important development for redT, as it demonstrates the value our technology can bring to large scale renewable energy ventures, but also for the island's inhabitants. This 1.68MWh system will help increase the output of the island's community wind farm, generate revenue and bring greater energy security to a community located in a remote part of the UK."
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