Misty Creamybib
04 Apr 2016
Re: the long climb back BOOOOOOOOOOOOOOOOOOOOOOOOOOOOM!!!!!!!!!!!!
Global Nomad
04 Apr 2016
the long climb back the last ten days has shown us plenty of volatility and maybe there is more to come, but there does seem to be a stabilising situation and an upward trajectory over the last week - to what heights cannot be clear until news about funding. happy to have averaged down significantly but keeping a close eye on events/sp
old wise owl
03 Apr 2016
Company tweet Company tweeted on Fri that Toyota are bringing Hydrigen fueled cars to Norway and Sweden. Interesting. Singapore sovereign wealth fund have put a lot if money into this. Can't see them wanting to write it off. Multi bagger in the making catching the wave back up. Good luck all.
Go Dink
01 Apr 2016
Surprised no announcement yet. Could mean a deal is there being discussed or company still chasing for a new deal. Either way it looks like no news is good news.
blackgold76
30 Mar 2016
Re: From a trading perspective RATHFLYou cannot post This is what happened trade. I posted as i traded from 5.2p and sold to get my investment out at 10.6p as i was explaining to others how it was not making a clean break from 10p.anyway good luck lol half of you lot shouldnt even be investing let alone trading lol lolKindest regardsBG76#knowthegame
halon trader
30 Mar 2016
Re: From a trading perspective Hi Global NomadThrowing a few observations and comments out there for any discussionWith the information released we know very littleWe have been told that funding is not "in sufficient quanta"- the company is burning cash and may have little cash for current operations and is now trying to raise funds for a transformational deal that will provide a basis for future self funding to allow its new technologies to gain traction and take-off.The Energy Management business they are signed up to buy is costing £85M. This is proposed to be funded by £60M of debt funding secured on the revenue streams of this EM business, plus £25M financed from IE. The £85M is due on completion and if I am reading the Annual Report correctly it says that if the deal does not complete IE have to pay to GTL a 1% break fee based on IE's market cap (which is currently reducing by the day!).For the £60M funding- IE must have done due diligence, but have the providers of the funds carried out their dd and found additional risks making them want to increase the finance costs, or wanting more security? Highly likely that this funding is dependant on IE securing £25M first.For the £25M financing from IE we are told that this would be from the "issue of convertible instrument to industrial partners"-we have not been told if this is secured or unsecured, at what coupon % and conversion strike value. With dropping share price and running out of cash this makes a very risky proposal needing higher incentive. Maybe partners are playing harder as they know precarious position IE have put themselves into? More to gain picking up the pieces- especially if they are holders of secured debt? On the value release of the existing DP&G Indian operations that Jefferies Investment Bank were said to be working on - has this been over priced? We're there any real interested parties? Maybe looking to pick up on a fireside sale?We don't know which part, or parts of the financing plan have failed. The plan was supposed to avoid shareholder dilution. Maybe if management went for a dilutive rights issue for the £25M or part of it from the start when the deal was announced and got it completed earlier a higher share price may have been secured limiting/reducing any dilution. As it stands now the share price is near rock bottom and not far from par value. Rights issues and placings can be expensive (~10% of money being raised) and with a listed value of ~£12M. Depends on how much the shortfall is but could be looking at 2 new for every 1 share held - maybe with a few warrants thrown in to encourage take up? Any bank/ lenders covenant at risk of being breached?Overall, painting into a corner and available options appear to be getting worse for shareholders
Misty Creamybib
30 Mar 2016
Re: Finishing up? Could not resist topping up at 6.41p just to bring the weighting back in line with my portfolio. So tempted to go overweight based on similar thoughts to yours - i.e. worth at least 15p. But been wrong before on other shares and situations.I am struggling to understand why anyone sold at just over 5p today - Once you have lost over 90% of your investment it's small change to invest; however it is money in bank if you cash in...Need to be mindful this could turn an day on news in either direction or even be suspended.
Bat Farrel
30 Mar 2016
Re: From a trading perspective How to make a small fortune on the Stock market. Start with a big fortune. Best quote I ever heard.
Misty Creamybib
30 Mar 2016
Re: From a trading perspective Brilliant foresight...Please sign up for my trading tipping service - I will make you a small fortune ** Providing you start with a large fortune ;-(
reader61
29 Mar 2016
Re: in perspective They should be approaching Telco, Automotive, Apple, Amazon etc etc as their tech applies to all such areas. The threat of a competitor snapping up the IP might tempt someone to move but as usual there seems to be inactivity and lack of commercial strategy from this board..
Global Nomad
29 Mar 2016
Re: in perspective I have not seen anyone speculating on what came up to scupper the previous financial deal - did they ask for too much or were they offered a derisory deal. either way someone has mis-valued the company one way or the other and in a serious enough way to blow the deal. They will be looking hard for a replacement investor who has a more aligned view of the companies value - either its parts, its income or its IP potential. 3 months isn't long but I think something will move positively in the next few weeks - there is too much here to disappear.
hotwire
29 Mar 2016
Re: in perspective I don't think we're disagreeing over cash in bank and burn rate. IEH have created a cost base far too high that the current business can justify...Saying that - they're not (currently) bust. At current burn rates they have 3 months, so they will be unless something changes.This is where the opportunity lies in my view. Even IEH's management must see this brick wall coming (although they have taken terrible corporate finance advice to date) and so MUST change....So... reduce the cost base dramatically, along the lines of Ceres did a couple of year back (going from £5mn value to £50mn in about 12 months), and/or sell of divisions that will have value to someone. If worst come to worst, then it becomes an Indian infrastructure company. I reckon this division would be worth c.£50mn by itself, so as long as the rest is scaled back/sold that's 3x current value.and that's the issue... the sum of the parts is going to be material (10x? 20x?) greater than current value, but as a cash-flow valued group it is heading for the wall.... i.e speculate on company changing direction, not on current finances....
Go Dink
29 Mar 2016
Re: in perspective Sorry for my bad grammar and spelling mistakes in previous message. First sentence should read "I'm not so sure, they are burning a lot of cash"
Misty Creamybib
29 Mar 2016
From a trading perspective The shares topped 10p on Friday before a late sell off down to just over 8p.IMHO and WTFDIK this was the day traders getting in at 5p making enough money for a deluxe chocolate bunny and selling out to enjoy easter. Can see massive gains in the afternoon if there is no more adverse news regarding funding. I am guessing the Directors had a busy easter discussing alternative funding / buyout options.Don't kid your yourself this is nothing more than out and out speculation at the moment!Share prices have fallen less when serious accounting irregularities have been unearthed.
Go Dink
29 Mar 2016
Re: in perspective I'm not so sure they are burning a lot of cash. Their revenue increased from 15M to 78M and yet they were still loss making (-48M to -42M); so even with massive increase of revenues they were still loss making. They have about 20M in the bank so still need loads of cash.Please note I ma have these figures wrong so please correct me. Thanks.
