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CAP-XX – interims, for how long is the funding sufficient now?

Previously writing on company describing itself as “a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems” CAP-XX (CPX), last month with the shares down to 3.4p I noted “current funding is sufficient for the company's expected needs”… For how long though?. Today results for the company’s half-year ended 31st December 2022… and the shares currently further down to 2.6p.

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CAP-XX – “current funding is sufficient for the company's expected needs”… For how long though?

Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) has issued a “trading and operational update” including noting sales order book and pipeline increases. So why currently a 3.4p share price… down more than 24%?!

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CAP-XX – ‘pleased to announce successful shares sale’. That’s c(r)ap-xx!

Self-styled “a world leader in the design and manufacture of supercapacitors and energy management systems” CAP-XX (CPX) has announced a “significantly oversubscribed” bookbuild and “is pleased to announce the successful sale of 10,498,700 Sale Shares”. How pleasing is it?...

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CAP-XX (#CPX) – bad news on Christmas Eve; open offer not fully taken up

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CAP-XX – argues “compelling opportunity” acquisition… so why a fundraising at a material discount?

Previously writing on CAP-XX (CPX), I concluded with the shares sliding below 4p I suggest it still remains cash v. cash burn which currently remains THE key thing to monitor here – and, certainly at this juncture, continue to avoid. Today “Proposed Acquisition and Fundraising” – and the shares currently falling towards 3p…

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CAP-XX (#CPX) – agreement to acquire supercapacitor manufacturing equipment, raises £2.75m at 3p per share & there an up to £0.75m open offer

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CAP-XX – “a successful year for the company”… or that more CrAP? (XX)…

Previously writing on self-styled “world leader in the design and manufacture of supercapacitors and energy management systems” CAP-XX (CPX), in June with the shares at around 4p I noted argues “increasing confidence”, but what about that cash burn?. The shares are currently below 4p today on the back of results for the company’s year ended 30th June 2019 – and despite CEO Anthony Kongats emphasising “it has been a very busy year, and ultimately a successful year for the company”. Hmmm…

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CAP-XX (#CPX) – court action settlement, “agreement with Cornell-Dubilier Electronics Inc., whereby CDE will licence two of CAP-XX's patents”

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CAP-XX – argues “increasing confidence”, but what about that cash burn?

Previously writing on CAP-XX (CPX), in April I reviewed trading update including “has achieved success in securing orders”… so why further share price decline? – the shares down to around 4p. They’re currently again around this level – and we have another “Trading Update”; why at 9:03 am?...

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CAP-XX – trading update including “has achieved success in securing orders”… so why further share price decline?

Writing last month on self-styled “a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems”, CAP-XX (CPX), as the shares were sliding to around 7p, I noted - despite it stating “the ongoing growth in the pipeline of major new sales projects has given the board the confidence to start examining options for expanding production capacity” - that the outlook was actually problematic and that it remains on the bargepole list. Today a “Trading Update” – and the shares currently again lower, now to around 4p!...