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Invinity Energy Systems – “Project Delivery Update”, what’s the likely financial impact?

On the ‘no one watching o’clock’ day of 30th December Invinity Energy Systems (IES) issued a “Project Delivery Update” which helped the shares up 13.5% to 43p as it included that the company “now anticipate revenues in 2023 significantly ahead of its previous expectations” and that “the prospects for our battery systems have never been more positive”. However, I concluded that it was also a trading warning for its year ending 31st December 2022 and asked how bad was the cash burn in the second half of the year then?. There are now some broker “estimates revised” and the shares are currently slipping back.

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Invinity Energy Systems – anticipates 2023 ‘significantly ahead of previous expectations’, but what would that mean and what about current performance?

On this ‘no one watching o’clock’ day from Invinity Energy Systems (IES), a “Project Delivery Update”… but the shares currently up 13.5% to 43p in response, so good news from the company?

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Invinity Energy Systems (#IES) – project delivery delays into next year

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Invinity Energy Systems (#IES) – 98% open offer take-up, raising £3.93m

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Invinity Energy Systems (#IES) – £25m placing at 100p with warrants, proposed up to £4m open offer

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How did the companies presenting at the ShareProphets shares conference in May do in terms of share price?

Thanks to reader Paul we have an answer. Normally companies presenting at such events, as they pay to do so, do not always deliver in terms of share price gains. In fact Ed Croft of Stockopedia claims they always do the reverse, they underperform.  That would be unlike big calls from Stockopedia, which tipped Wirecard as a storming buy 2 days before what was obviously Europe's largest fraud went tits up and also said Quindell was one of the cheapest shares on AIM. Did I mention Globo, Ed had that as a big buy too before it became a zero. Anyhow back to our show in May...

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Invinity Energy Systems (#IES) – open offer oversubscribed, excess applications scaled back to 42.1%

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Invinity Energy Systems (#IES) – £20.5m placing & up to £2m open offer at 175p per share, an 8% discount

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Invinity Energy Systems (#IES) – sales of estimated £1.1m closed, end-May “cash reserves” £5.8m