Comet legal fees more than expected
ruh roh |
Well, it has recouped all losses from yesterday's poor update. ? Someone still sees it as a target? |
Concur with sentiments here. A poor update. Exited at the open for a small deficit. Back on the watchlist |
I hope you held off on that buy, aishah. |
They should have sold the business when there was a chance
I was expecting more from this TU, the show of confidence in the past quarters disappointed. |
reads v poorly. surprised its not down more. they say one thing and then contradict themselves in the next sentence. written by chat gpt? |
Not a good read at all, and that book to bill ratio isn't a good sign of demand either. |
Recovery delayed, debt not coming down fast enough. |
Thats a bad chart |
Trading update tomorrow. SCSW in November:
Forecast EPS of 43.7p for the full year, rising to 78.8p and 93.1p over the following two.
Berenberg notes XP is poised to enter an upgrade cycle over FY25 as the market recovery materialises, implying upside risk to its forecasts. Buy.
Analyst target is 1936p |
 I have just looked in here to see if I had missed anything on XPP over the past few months - nothing much seems to be happening with the company, but I see some stuff on EVs.
I drive a turbo diesel, 8 years old, bought second hand 5 years ago, trouble free (touch wood), 600+ miles on a tank, £0 road tax [when it was new less than a decade ago, presumably the government thought diesel was the way to save the planet], and if it follows the path of its predecessors it will last 15 years and 200,000 miles (and then it will be the bodywork not the engine which goes). Insurance is modest too, compared with an EV of anything like equivalant performance. My only concern is that when it does have to be replaced I won't be able to buy anything similar.
Car manufacturers are hit with penalties if they fall below a prescribed % of EVs in their sales mix. Customers want ICEs, the manufacturers have them to sell, but they have to withhold them (depressing total sales) in order to keep their EV % over the threshold to avoid penalties. Result: Customers can't get the new cars they want, and manufacturers re closing their UK plants. It is doing wonders for the ICE used market though. Not sure how much good it is going to do the planet if we all have to keep ICE vehicles going beyond what was previously regarded as their economic (and clean) life. Rather like Germany, where the failure of ill-considered 'green' policies has resulted in a return to burning the world's dirtiest and most polluting coal!
Congestion and low emission zone penalty charges are another way of artificially promoting EVs, by penalising the much better ICEs.
I would not mind if the use of private EVs rather than ICEs was good for the planet, but it is not.
EVs are a crazy way to 'go green'. The energy (in the case of mining, mainly diesel), carbon dioxide, and environmental cost of producing the huge amounts os of copper, lithium (and other nasties) which gos into their manufacture is far greater than for ICE. As most EVs are used for short run, low milage, town use and spend most of their lives parked, most will probably never recoup that energy deficit is fossil fuel saved during their working lives. At best it will be marginal.
A very poor use of the copper, lithium etc they contain, which could have saved far more diesel/carbon dioxide if it had been used in applications where it would have sbeen 'working many hours rather just minutes every day. Even a wind turbine (which takes a decade or more to save as much fossil fuel /carbon dioxide as went into its construction) works 24 hours a day provided that the wind blows, and even in calm spells works a hell of a lot more hours in the day than any private EV runs. |
kaffee11 Dec '24 - 15:31 - 2880 of 2881 Edit
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Same here. Nailed on to be a SCSW nap.
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Guess not then. Hands up, thought they would be confident of another bidder emerging. |
Up by over 100p in a week. Above both 50d and 200d SMAs now. |
Same here. Nailed on to be a SCSW nap. |
Added today. With 2025 fcst eps of 83.5, p/e = 14.7 and peg drops to 0.185!
James Taylor of M&G discusses here |
This mornings trading update from DSCV was positive stating a stabilisation in order intake and a strong recovery in design wins. The share price has rallied above the 50 day MA accordingly, hopefully it can hold. A little off topic but it bodes well for a recovery in the general electronics sector and XPP in particular. |
All good points, you clearly have a knowledge of the field. My angle is that once you have owned an EV it is unlikely you would return to an ICE. 95% of car owners get in their car and go places, wash it on a Sunday and take it to the garage for a service and MOT. They don't think any deeper about the life of the battery, especially true if it's a company car or on finance. Therefore if they can save on the domestic electricity bill and even make money back by charging at work and selling it back to the grid they will. After working in the EV field and driving an EV I have begun to view the tech differently. I charge as I would my mobile phone (when I have time), I don't care about the battery life. As an aside there are many businesses (non dealers) popping up that will repair your EV or replace your battery on an older vehicle at more reasonable prices. Much like your local garage will repair you car using pattern parts for a fraction of the price of a main dealer once it is out of warranty. EV's and older EV's are becoming a part of everyday life, some clever folk will benefit servicing older vehicles at lower prices. AS the technology becomes mainstream the fear of the unknown under the bonnet is diminishing. |
for most people once the battery is of no use in their car, thats as far as they will be concerned. also if you are charging and discharging each day, you are quickly going to reach the point where the batteries start dropping off from peak. so i dont think this daily returning to the grid make sense financially. this is one of the reasons resale values are struggling given the sometimes binary outcome when it comes to batteries (even after a lease these cars go somewhere). and there is another issue which relates to chinese vehicles and thats the strength of the overall car guarantee and battery quality. i have used various lithium type batteries for over 20 years and have found the chinese varieties tend to be cheaper but of lower quality, where life cycles have been sometimes no more than 300 times. until they have been around for a few years, we just dont know if they are using a similar approach to ev cars. if their lithium polymer is anything to go by, we could find that life cycles are much lower than expected. dont get me wrong im quite happy to charge my powerbank using my solar panels during the day and then charge my phones and ipad with it at night, but my powerbank only cost 20 odd quid, so if it runs for a year or two then fails theres no problem. i would be more than lightly agitated if that were to happen to my car battery however. |
its a marketing ploy. most ev batteries will have max life cycles of 2000-3000 before they material see capacity drop off as well as output reduction. they will also begin to lose charge. given the cost of replacement its just not viable to save a few pence at the cost of battery life. |
Indiestu very good insight, I never looked at it from this prospective.
Regarding the EV battery usage to buffer the grid, that seems a great idea, but wouldn't an excess use of the battery reduce it's lifespan ? |
That's a great question alotto. Over the last few years as an electrical engineer I have experienced the massive technology advances in many sectors that require increasingly vast amounts of electricity to operate. AI, EV's, Crypto mining, desktop CPU's and GPU's, medical, military. In the last year the focus has turned towards power efficiency as a realisation is dawning that there is insufficient electricity to fulfil all these requirements. I feel the price of PSU's will increase as the efficiency improves so the sell won't be the cheapest supplier at book cost but the cheapest supplier over the lifetime of the product. XPP just need to keep competing on quality and lifetime cost. I have a wider vision of the future that electricity will become further commoditised, traded with greater liquidity much like oil and this vision is playing out. You already have the ability to sell back excess power to the grid from your EV and purchase at off peak times. Large scale battery storage is the next step towards fully commoditising electricity. I continue to research and invest in the space but its still immature. |
Indiestu - do you think any technology changes (e.g., AI) could disrupt ZPP ability to operate as competitively as in the past?
I am asking as I know very little of the industry. |
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