Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having listed on AIM on 30th March this year, wind turbines technology company Windar Photonics (WPHO) announced results on 29th May including that “during the last financial year we have managed to meet our sales targets and are now well positioned in the current financial year, particularly in the Chinese market”. There is now however “a trading update based on the company’s performance during the first five months of 2015” which includes that “the directors anticipate that there will be a material revenue shortfall in this region (Asia) for 2015… this will have a consequentially material adverse effect on the group sales and losses for the current year ending 31 December 2015”. You what? …
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Comments
J P Spaghetti
“local market that has shown considerable interest in the company’s Lidar system”
Lidar is a well established and commonly used technology, so the statement could be quite misleading if there’s nothing unique about its system per se rather than about how it is applied. Perhaps there is in the context of retrofitting – it’s new to me – but both “optimisation” and “solution” (or “solutions”) are words that often fill me with dread, yet here BOTH are used!. It’s like time travel and androids in films, and look what happened when they came together at the hands of Jim Macaroon in The Terminator – contradictory nonsense!
Aside from this, photonics seems to have about as much specific relevance to wind turbine technology as it does to origami – just wary that it could be another techy trying to hoodwink the market…
Anyway, they should look into hooking up with Rolls Royce in Derby where the gas turbines are made – could be quite a fruitful collaboration and it would no doubt do wonders for the SP! I really should have been a corporate strategist! :-)
Forty Two
Why would you retrofit this to your windturbine and void the warranty? You’d be nuts. All forecast growth due to come from China…Right. Madness…