UK 15:07 Friday, 2 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Describing itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets”, AMTE Power (AMTE) “is pleased to announce that both of the resolutions were passed at its general meeting this morning to approve the placing agreement and the convertible loan facility”.So what of the shares currently lower at 1p in response?
AMTE Power (AMTE) has issued a “Proposed subscription, placing and convertible loan facility”-titled announcement, with CEO Alan Hollis “delighted to receive the continued support from both our existing and new shareholders”. So what’s this “delighted to receive” support?
At a prime ‘no one watching o’clock’ last week AMTE Power (AMTE) issued a “Financing Update” announcement including that it was “in discussions with equity providers and other interested parties to provide it with sufficient bridging finance… and anticipates making a further announcement with respect thereto early next week”. Is 2pm Wednesday “early” in the week then?! And what of now this further “Financing Update”?
Previously writing on AMTE Power (AMTE), in September I questioned how ‘pleasing’ was its fundraising news – concluding including that, instead of “a leading UK developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets”, it was still a prodigiously cash-burning and finance-concerning bargepole/sell. What though of the shares currently down a further more than 25% just today on no news from the company today?
AMTE Power (AMTE) “is pleased to announce that, at the General Meeting held earlier today, all resolutions… were duly passed. Admission of the conditional placing shares to trading on AIM is therefore expected to occur on 26 September 2023”. How ‘pleasing’ is this?
Previously writing on company which describes itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets”, in July with the shares down to 4.25p I noted it’s good luck with a sustainable financial solution within the next few business days and it remains that hopefully our prior warnings were heeded, bargepole/sell. The shares had since risen to above 9p as financial hopes were raised and now the company “is pleased to announce” that it has conditionally placed new shares to raise approximately £2.1 million and is proposing to raise up to a further £0.25 million in a “retail offer” via the Bookbuild platform. So what of a share price currently down to 2.15p?!
Previously writing on company which describes itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets” AMTE Power (AMTE), last month as the shares jumped to 6p on ‘battery challenge’ and UN Certification announcements I concluded it’s good luck here particularly in the current financing environment – and thus more covid-era IPO misery. Hopefully our prior warnings were heeded and it remains bargepole/sell. The shares most recently closed at 8.25p but are currently down to 4.25p on the back of a “Financing update” announcement. Uh oh!
There are “UN Certification of Ultra High Power Cells” and “Faraday Battery Challenge” titled announcements from AMTE Power (AMTE) today and the shares are currently more than 33% higher in response to 6p. Good news then?
Previously writing on company describing itself as “a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets” AMTE Power (AMTE), a couple of weeks ago I noted it’s good luck in the current financing environment, and hopefully my prior warnings were heeded as the shares, unsurprisingly, slump to 15p. Now a “Financing and corporate update” announcement… and the shares currently down to below 5p!
Previously writing on AMTE Power (AMTE), in March as the shares rose towards 60p I wrote “pleased” with delivery of first ‘Ultra Prime’ cells, how ‘pleasing’ is the balance sheet to be though?!, concluding caveat emptor, still avoid/sell. The shares last closed at 51p…and today a “Financing Update” announcement…
Previously writing on company describing itself as “a leading UK developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets” AMTE Power (AMTE), in September with the shares down towards 70p I concluded sceptically. The shares most recently closed at 54p, but what of a “Delivery of Ultra Prime Cells” announcement today and the shares currently up towards 60p, an above £21 million market cap?
Describing itself as “a leading manufacturer of battery cells for specialist markets”, AMTE Power (AMTE) states that it “is pleased to announce that… Alan Hollis has been appointed to the board… has a 20 year public company track record of developing and executing profitable growth strategies within engineering and manufacturing businesses with turnovers ranging from £4m-£200m”. So what of a current more than 3% lower share price response towards 70p and a £25 million market cap?
