Romag Holdings Share Discussion Threads

[muangsing] 28/5/2009 19:23

Anyone an idea why Intangible assets have increased from £4,527k at 30/9/08 to £6,280k at 31/3/09.

I can't find an acquisition anywhere

regards

[pugugly] 28/5/2009 10:19

Sales volume starting to build.

[asparks] 27/5/2009 11:47

I agree Masure. Worth buying at these levels

[masurenguy] 27/5/2009 09:20

Disappointing but hardly a big surprise. Worth noting that 70% of the operating loss was due to prudent inventory write-downs. We could see some further volatility over the next 6/12 months but this still remains a good long term prospect. Outlook statement (below) remains positive and I will add if it dips again below 40p.

For the longer term, a number of factors give cause for optimism, including the current activity level in enquiries for projects expected to come to fruition in 2010/11. Among these are a number of projects in the Middle East. The group has high hopes for the recently-launched PowerPark products, which provide "green" electricity for charging electric vehicles. We are pleased to announce that we have recently signed a memorandum of understanding with British Gas under which British Gas will market, distribute and install PowerPark throughout the UK. There has also been substantial interest in PowerPark from overseas. The UK government has indicated that the long-awaited feed-in tariff will be introduced in April 2010, which will provide a significant stimulus to solar PV in the UK. All these initiatives are expected to impact positively in the next financial year and beyond.

Edit: No real selling in the first 2 hours - share price fall due to MM markdown.

[pugugly] 27/5/2009 08:27

Initial reaction - A very bleak picture. Only made a profit through currency hedges.

A trading loss in 1st half - No real expectations of improvements in 2nd half.

Inventory levels increased by 50%

Could this lead to possible future write offs ? - Certain to create a cash flow problem

Debt up by over £1 M.

Still have to do more detailed digging but I suspect that those directors who bought recently will not be very happy bunnies. I personally expect further share price weakness.

(imo dyor etc)

[jonny flame] 24/5/2009 14:14

Commodity Online
MARYLAND, USA: Soon glass windows in houses and buildings could generate solar energy thanks to a revolutionary technology developed by a US company that involves coating glass surfaces with the world's smallest-known organic solar cells.

US-based New Energy Technologies Inc has developed SolarWindow technology uses an organic solar array, which achieves transparency through the creative use of conducting polymers which have the same desirable electrical properties as the world's most commercially popular semiconductor, silicon, yet boast a considerably better capacity to 'optically absorb' photons from light and generate electricity.

The Company's ultra-small solar cells measure less than ¼ the size of a grain of rice, are fabricated using environmentally-friendly hydrogen-carbon based materials, and successfully produce electricity, as demonstrated in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics.

"Our use of these new, readily available and easy-to-apply ultra-small solar cells marks an important advance over the early research and development of our transparent photovoltaic SolarWindow technology, and directly addresses numerous commercial and technical limitations posed by conventional materials, including thin films, polycrystalline solar cells, and silicon," stated Meetesh V. Patel, Esq., President and CEO of New Energy Technologies, Inc.

"I'm particularly impressed by the potential application of this technology in areas where direct exposure to sunlight is limited or unavailable, since these ultra-small solar cells have demonstrated a special ability to generate electricity in both natural and artificial light conditions."

Unlike other solar technologies, New Energy's ultra-small solar cells generate electricity not only from the visible light spectrum found in sunlight but also by using the visible light found in artificial light, such as fluorescent lighting typically installed in offices and commercial buildings. Commercially, while the majority of today's solar cells can only be installed where direct sunlight is available, New Energy's ultra-small solar cells can be installed anywhere that direct sunlight or artificial lighting such as fluorescent systems emit visible light.
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New Energy's SolarWindow technology makes use of ultra-small solar cells which allows for the fabrication of solar arrays on a broad range of substrate materials such as glass, plastic, and even paper. Made of natural polymers which can be dissolved into liquid for easy application, these ultra-small solar cells do not require expensive and complicated high-temperature or high-vacuum production techniques common to other solar coatings.

Currently available solar cells are largely made of silicon wafers, an expensive and brittle material that can limit their commercial usability. Other newer generation, lower cost flexible thin film solar materials such as amorphous silicon, copper-indium-gallium-selenide, and cadmium telluride often require high-vacuum and high-temperature production techniques, and are many times thicker than New Energy's ultra-small solar cells. This generally limits the application of such thin films primarily to stainless steel, an expensive substrate material with limited prospects of delivering transparency.

The superior optical absorption properties of New Energy's ultra-small solar cells enables development of an ultra-thin film, only 1/1000th the thickness of a human hair, or 1/10th of a micrometer. Conventional thin films are exponentially thicker, measuring several micrometers thick and inhibiting transparency. In photovoltaic applications such as see-thru windows, where transparency is a primary concern, today's thin film solar cells simply cannot be utilized to produce a transparent solar window for application in homes, offices, and commercial buildings. (Courtesy: Businesswire)

[asparks] 18/5/2009 13:29

exactly masureguy

I have bought again today

[masurenguy] 18/5/2009 08:23

ben gunn - 15 May'09 - 18:55 - 782 of 784: Price off 8p. Just a guess but I'd say someone is worrying about the quality of Romag's key customers.

What makes you think that this has suddenly become an issue ? The AGM statement mentioning 'uncertainty' was three months ago and some director buying since then has pushed the share price up by 50%.

Since there has been no news over the past two months it looks more like a bit of profit taking to me since most of Fridays Sells were concentrated in just three transactions - 2 x 50k & 1 x 100k.

[eisler] 15/5/2009 22:32

"this is unstoppable!" maybe - but in which direction???

[garbil] 15/5/2009 20:24

Yes. Could well be.

Rather ties in with this comment from the AGM statement:

"Continued economic difficulties in most countries of the world and unprecedented volatility in markets make it impossible to predict the short term future with confidence. Romag's markets are no exception to this."

[ben gunn] 15/5/2009 18:55

15 MAY
Price off 8p
Just a guess but I'd say someone is worrying about the quality of Romag's key customers.

[cbgb] 03/5/2009 13:44

Of course you're right rrr, just couldn't be bothered to point it out, thanks for proper link

[rrr] 03/5/2009 12:45

I am not sure that's the right company in 777 above.

Try this

[asparks] 27/4/2009 09:16

hello neil

[asparks] 24/4/2009 13:54

this is unstoppable!

[asparks] 24/4/2009 12:12

a very upbeat assessment of ROM:

[5dma] 24/4/2009 10:47

On my log chart there was consolidation before the move down for a couple of weeks at 67p end of last year, which may prove resistance on the way up, only reason for 67p suggestion, shame I can't see the future though!

[5dma] 24/4/2009 10:21

about to tick up again, with no sellers about looking for 67p by end of month..

[asparks] 24/4/2009 09:12

this rise is getting rather tedious now ;-)

[asparks] 23/4/2009 14:27

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart



+ 3 month charts -----------------------------------------------------------and 2 year charts

[asparks] 23/4/2009 10:38

this is really going for it now. Up 100% in a few weeks

[9degrees] 22/4/2009 14:41

Thanks guys
It is knowledge not sense !!