Catenae Innovation – the fat lady is coming on stage. And again: is the company trading whilst insolvent?
Writing on self-styled “pioneer in solid-state battery technology” Ilika (IKA) earlier this week I noted more ramptastic stuff from long-time loss-making Purdy & the bonus people. Now a “Bonus Share Options, Exercise of Options & TVR” announcement. Who are these ‘bonus share options’ for then?...
Self-styled “pioneer in solid-state battery technology and materials innovation” Ilika (IKA) “announces the offer of a further £0.9m funding directly to Ilika under the UK Government's Faraday Battery Challenge: Innovation R&D, round three, for the 'Granite project', via the UK's innovation agency, Innovate UK… The consortium's expertise, backed by Government financial support, will allow Britain's best talent to be brought to bear, so that the UK can take the lead in this transformative technology”…
Shares in Ilika (IKA) are currently 15% higher on the day, heading towards 20p, on the back of an announcement of “Pre-launch samples of mm-scale batteries shipped”. However, I immediately note the announcement is an ‘RNS Reach’ rather than a formal RNS. Hmmm…
Previously writing on Ilika (IKA) in March, it was collaboration agreement, argues “large global markets” potential but still cash crunch first?. Today a “Results of General Meeting and Open Offer” announcement…
Ilika (IKA) has announced “a collaboration with PragmatIC and Arm Holdings to further progress development in ultra-thin and flexible semiconductor technology for mass market applications” - and the shares have currently responded higher above 24p. So what’s the detail?...
Self-described “pioneer in solid-state battery technology and materials innovation”, Ilika (IKA) has announced results for its half year ended 31st October 2017 emphasising that it “has delivered a series of Stereax development and deployment partnerships which are driving revenue growth and enhancing insight into the addressable sectors for its technology”. Sounds promising…
Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has updated on its half-year ended 31st October 2017, including CEO Graeme Purdy commenting “our proven innovation engine for novel functional materials has been firing on all cylinders in the first half of this year”. What has tangibly been delivered though Graeme?...
Self-described “pioneer in materials innovation and solid-state battery technology”, Ilika (IKA) has followed recent “Toyota Funds Collaboration with Ilika” and “Collaboration with Galvani Bioelectronics” announcements with a “Trading update” commencing with that such deals “are resulting in a strong ramp-up of revenue relative to 2015/16”. Good, good… You what? The shares currently down circa 15%, approaching 40p?!?...
Materials innovation and solid-state battery technology-focused, Ilika (IKA) has announced that results for the six months ended 31st October 2016 “are expected to show total revenue for the period of £330k (H1 2015: £254k)”, but also “notifications of intent to award three new grants” and “a notification of intent to award a commercially-funded materials development programme” – and the shares are currently approaching 6% higher to 45p in response…
Commenting on today-announced results for the company’s year ended 30th April 2016, Ilika (IKA) Chairman, Mike Inglis, notes “since my appointment as Non-Executive Chairman at the AGM last September, I have been very encouraged to see the technical progress and increased commercial focus at Ilika. The definition of a clear solid state battery roadmap and the launch of the Stereax M250 have been important milestones on the road to commercial success”. The following reviews with the shares currently more than 14% lower, at 45p…
Shares of Ilika (IKA) have been and remain an interesting play on a fundamental basis, at least in term of what is one of the hottest area of technology – accelerate materials innovations, otherwise known as batteries. After the recent pullback there is an interesting share price target brewing.
Ilika (IKA) has been and remains one of the more cutting edge tech stock plays of the moment, a point which is perhaps not immediately obvious just by looking at the daily chart over the near term.
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