Zenith Energy Share Discussion Threads

[dcroston] 19/4/2012 13:07

Did anyone attend the AGM and listen to the Q&A - I assume there was a Q&A.

cheers,
dc

Ps. сил;ьнm9;й куп;итn0;

[pjj71] 19/4/2012 13:04

Buy sub 5p sell above 10p, its been the trend here for months!!! I've doubled up... this share gets played like a piper.. i say enjoy the tune and when certain names appear you know its time to pump up the volume..

[stegrego] 19/4/2012 12:50

Mudbath,

Doubles from where? 2p?

[stegrego] 19/4/2012 12:49

Until the cash runs out isnt a long term job... its 12 months or less.
They arent exactly going to rush to put themselves out of work.

[mudbath] 19/4/2012 12:40

I am sure you will soon be back dunc;particularly when the share price doubles.

[lfc4ever] 19/4/2012 12:37

don't be daft- Cleaver and the current board clearly aren't in this for a long term job. look at the rns's over the last 12 months.

[stegrego] 19/4/2012 12:28

If they wind the company up, they will all be out of a job. They arent going to rush anything. They want a cushy number for a year or so yet, till all the cash has gone.

[joeblogg2] 19/4/2012 12:15

Cannot understand why he cannot get them to sign if it will save them millions and millions in the long run??

[duncandisorderly] 19/4/2012 12:04

Personally mate I don't think he was the right man for the job.He's had a considerable amount of time now to do a deal and has failed.
I would rather see it as a cash shell now as I think that is far more valuable.
They have cash,IP and huge tax write-off's,I can't see the point in continuing for another month or two as I don't think he will remotely get a deal.
Leave the caretaker there and sack the lot of them.

[joeblogg2] 19/4/2012 11:16

Dunc. I feel gutted at the price now and can only hope SC gets a deal and soon!!

[duncandisorderly] 19/4/2012 09:40

I can barely look at this company at the mo.On the iii site they are saying something about stake building but I can see no evidence of this.I think they are talking out of their ar*es.

[errollc] 19/4/2012 09:25

Boys the two US contracts I gather are BIG and the Russian one even bigger. If the burn was £100k a month we'd all be laughing...but it's not, it's £400k a month! So the mgt only have a month or so to sort out a decent deal.

If they don't get an order I'd keep the IP and a few key emloyees and get rid of £300k a month burn. Put this into a separate company along with some cash (£500k) and put this onto PLUS. This will give it cash to pay key people for a few years and await an order.

I'd then reverse another business into the cash shell at a premium to cash. That way we get the upside from the MFCL (which is a fantastic product) and the upside from a new reversal company.

This is a shambles but there could be substantial upside from here.

[dcroston] 18/4/2012 20:43

Super,
Did you even read todays AGM statement.

I think they will close a deal and soon. We shall see.

gla,
dc

[supernumerary] 18/4/2012 20:15

PB is right of course and I've said the same before. A company in zen's present uncertain state, with no product and an unproven design, has little to no chance of selling anything more than a small pilot system to an inherently conservative organisation like an electricity utility.

They need either to find a suitable partner, or put the whole ip package on ebay and move on to something else such as returning cash to their long-suffering shareholders. More likely they'll find a good use for the cash that involves them retaining their jobs for a year or two.

[dcroston] 18/4/2012 18:56

Design and manufacture an FCL, site it and prove it works as expected and then, repeat process all over again until the substantial order is completed. i.e. complete one at a time. It shouldnt be that difficult.

[pjj71] 18/4/2012 18:52

having no debt and 4m quid in the bank is hardly precarious you fool!

[peterblok] 18/4/2012 18:46

I'm not sure I would be happy placing a substantial order with a company that is so precariously balanced. I would be worried about ongoing servicing, etc.

[dcroston] 18/4/2012 17:59

The American order is potentially VERY substantial.

[duncandisorderly] 18/4/2012 17:55

140061,nice one mate,thanks bud.

[joeblogg2] 18/4/2012 17:22

Hi 140661. well put!! I am hoping SC will deliver soon as in the rns why state "will continue to work to secure a substantial FCL order" and they might just go after a smaller initial order??

[140661] 18/4/2012 17:10

I attended the AGM and Cleaver gave a very honest assessment of the position the company was in when he took over and why the board had taken the decisions they had made. He accepted that they would have done some things differently with hindsight but felt that overall they had made the right decisions.

I sense that they will give it another month to try to secure an order and if nothing materializes in that timescale I suspect they will mothball the current business and look for a shell deal. They honestly believe the current business has merit but are aware of the cash drain of carrying on if no orders are forthcoming. Regarding cash, they would not give a current figure but referred back to the 31 Dec cash position of £5.3m.

Overall, I am happy to hold at these levels as at the current share price of 5.25p the business is valued at less than £3.75m; they have tax losses brought forward which will have a value to many potential suitors if the company is used as a shell or if the company succeeds will ensure no tax is paid for many years; and assuming the current cash is around £4.5m they should be an attractive shell which should trade at a premium.