Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) has issued a “Update on IP and appeals process”-titled announcement – and what of the shares currently more than 14% higher at 0.80p in response?
Previously writing on company describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems” CAP-XX (CPX), last month with the shares at 0.925p I wrote AGM updates, cash and board concerns? and concluded, natch, still a share to sell. The shares had recently risen, but today an “Update on Patent Infringement” announcement.
Previously writing on company describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems” CAP-XX (CPX), in August with the shares down to 1.45p I concluded that I remained sceptical of both the current trading prospects and financial position. What now of AGM-related updates from the company, with the shares now at 0.925p?
Describing itself as “a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems”, CAP-XX (CPX) has announced a trading update following its year ended 30th June 2023 including “revenue is expected to be A$4m” and “a broadly based increase in orders across the product portfolio and a notable strengthening of the book-to-bill ratio in the past three months… an increased focus on strengthening the relationship and focus on the customer is expected to see revenue and sales opportunities continue to grow into FY2024”. So what of a share price currently down to 1.45p?
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), in February with the shares down to 2.6p I noted cash burn concerns and to avoid/sell. Now the company states that it is “pleased to announce” an equity raise, and what of a current 1.4p share price?
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.
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%?!
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?...
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…
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…
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?...
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!...
Its latest results statement commences “CAP-XX (CPX)… a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems, is pleased to announce its interim results for the half-year ended 31 December 2018”. The shares have though responded currently more than 7% lower, to around 7p…
Previously writing on self-styled “a world leader in the design and manufacture of supercapacitors and energy management systems”, CAP-XX (CPX) I instead noted non-specific jam tomorrow and warned cash crunch ahoy then? Now “Subscription to raise £1.75 million”…
