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CAP-XX – trading update, how optimistic to be on recent orders and “sales opportunities” really?

By Steve Moore | Wednesday 2 August 2023


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.


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?
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