IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
Vermillion energy issued its 4Q report. Expectedly, an average gas price in Netherlands in 4Q was very strong which should bring a good operating cash flow to PMG.
But more interesting is this: Activity in our European operating areas was primarily focused on maintenance, well work-over activities and planning for the 2021 drilling campaign
in the Netherlands, Hungary and Croatia. All drilling permits have been received for our 2021 European drilling campaign.
You can buy and read the whole report but this is the key thing from there:
Conductive Coating Market Is Booming Worldwide To Generate Massive Revenue
"Conductive Coating Comprehensive Study by Type (Liquid Coating, Powder Coating), Application (Consumer Electronic Displays, Solar Industry, Automotive, Aerospace, Bioscience, Other), Material (Conductive Polymers and Organics, Carbon Nanomaterials, Nano Metals and Related, Metal Compounds, Metals and Conventional Carbon) Players and Region - Global Market Outlook to 2024
Some of the important players from a wide list of coverage used under bottom-up approach are:
PPG Industries Inc. (United States)
Henkel (Germany)
AkzoNobel (Netherlands)
Axalta Coating Systems (United States)
3M Company (United States)
Dai Nippon Printing Co., Ltd. (Japan)
Abrisa Technologies (United States)
Acree Technologies Inc. (United States)
Carclo PLC (United Kingdom)
Cima Nanotech (United States)
one more proof that Carclo is getting back to normal and Antony's expertise is no longer required. Antony Collins was an interim CEO with a specific restructuring and turnaround background which was appointed to run Carclo through its difficult restructuring period: based on the message from Carclo Chairman (Mark Rollins) at the General Meeting held on 19 December 2019.
not a problem. Carclo is increasing its utilization rate of existing facilities and management is focused on growing and loading their current manufacturing facilities. There is not need to build more at the moment.
I am sure everything will look better when they issue semi-annuals without any affect from the sold WIPAC in December 2019.
I am very confident that the answer is NO. Carlco has very strong liquidity and cash balance. Plus its business generating a positive cash balance.
Even if we assume that they wanted to do it, I would not expect them to do it before Carclo's Market Capitalization reaches at least £50 million or 70p a share.
Noting strange. It is a usual technical kickback after a crazy share price rally. The share price needs it before continuing the uptrend. You can probably see 30p as the next target.
Fundamentals are strong as well as industry tailwind.
This is a pretty much good summary 'Frankseluk2'!
The medical plastics industry is getting hotter and I see a lot of companies are getting busier. Winning contracts is vital for Carclo's future which they are doing well. That's also a reason why Debt was refinanced by the bank. The bank wanted to have proofs. They definitely see that Carclo is strengthening its position in the cash and margins rich sector.
Referring to previous comments about new manufacturing contracts won by Carclo, I think this type of contracts would fit well.
____________________________________________________________________________
1 September 2020
TT Electronics plc
Collaboration on COVID-19 screening device
TT Electronics plc ("TT") notes the recent media coverage in relation to trials of Virolens®, a non-clinical COVID-19 screening device, at Heathrow airport.
TT has been working with iAbra, the creator of Virolens®, and its partners University of Bristol, Dell and Intel, to design, develop and test the prototype Virolens® screening device and to specify and design the manufacturing processes.
TT has also been appointed exclusive manufacturing partner for the commercial launch of Virolens®. Revenues from Virolens® are dependent on iAbra's end customers converting expressions of interest into firm orders, and subject to Virolens® meeting further regulatory authority requirements.
Looks like Carclo TP has been launching new products to help in fighting with COVID.
https://www.carclo-ctp.co.uk/media-centre/press-releases/2020/27-07-2020
Vermilion Energy has just released its 2Q 2020 financials (link below). Despise a low gas price environment in Netherlands and Europe in general, their gas production in Netherlands was stable and cash positive which means that PMG should have a positive operating cash flow in the 2 Half of 2020.
https://www.vermilionenergy.com/files/Q2_2020_MDA.pdf
That's right. This is a premium business segment and recent studies (below) show that medical plastics industry is the one benefited from COVID-19.
Study expects medical plastics growth to top 17%
Author: Frank Esposito
Plastics News, 5:32 PM, 29 April 2020
Driven by growth related to COVID-19, the global medical plastics market is projected to grow more than 17 percent in the next year, according to a new market study.
The study, "COVID-19 Impact on Medical Plastics Market," anticipates growth of 17.2 percent between 2020 and 2021, with the market then valued at $29.4 billion. The study was conducted by consulting firm Markets & Markets Inc. of Northbrook, Ill.
Standard plastics including PVC, polyethylene, polypropylene, polystyrene and acrylic are expected to have the highest growth rates in the next year, according to the study. Those materials have higher demand in that sector than engineering plastics, officials said.
Major medical applications for standard plastics include gloves, drapes, gowns, trays, catheters, syringes, orthopedic devices, surgical tools, and labware. Increased requirements of personal protection equipment (PPE) such as gloves and masks will boost consumption.
Within medical plastics uses, the study expects medical disposables to have the highest growth rate in the next year. The use of these disposables as instructed by agencies including the U.S. Food & Drug Administration is propelling demand for medical plastics globally, officials said.
The study identifies Saudi Basic Industries, BASF SE, Celanese Corp., Evonik, Solvay and Covestro AG as major suppliers of materials for medical plastics uses. Sabic of Riyadh, Saudi Arabia, was singled out for having "a strong product portfolio of medical plastics," with applications in medical disposables, drug delivery and diagnostics.
As per my previous note, this report summaries all key value drivers and potential upside. The most interesting thing in the report: information was definitely obtained from the management team as it deviates from other public sources (incl. WoodMac). Strangely or conveniently that the team decided to speak now after years of improper communication?.. Or maybe something is coming up?
we will definitely see more bankruptcies due to the heavy debt level (mainly in the USA). Oil & Gas companies have been very aggressive recently and will pay their prices.
With regards to the industry, Oil & Gas is definitely out of favor but transition to new technologies will take much longer than people expect (still, it will slowly happen). We should not forget that it is a very capital intensive and slow moving project. COVID crises have already loaded up the Govs with even more debt and the transition like this might be postponed or slowed down at least. There are "survival" priorities on the table.
missed last sentence from the article:
... He has now returned to Parkmead, from Apache, and will take GPA through to project sanction, which is slated for spring or summer next year.
It is not the first and not the last cycle. While the management style is far from being ideal, Parkmead has a strong potential + good assets. Perth will eventually be developed. Partners from nearby platforms are interested too. Based on recent Wood Mac asset report, the breakeven price for Perth (opex + all capex) is below $30 (Normal for North Sea). Parkmead will also benefit from accumulated ring-fenced tax losses. The most important factor is timing. It is always difficult to figure out the best entry time. People talk about Serica that they have done well but nobody mentions that it was on the edge in 2014/15. Serica situation was really bad (little cash, high burn rate and no producing assets). Where is it now? Parkmead will become a buyout target. It is a good consolidation platform for a Private Equity Fund...
Interest from buyers in energy firm inevitable’
Keith Findlay
16 November 2019
The Press and Journal
Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth path continues, its boss said yesterday.
Executive chairman Tom Cross said the Aberdeen firm’s upcoming UK North Sea projects would prove the firm is “high quality”.
But he also said his team would not worry about potential partnerships and takeovers, and was focused on driving the company up the “value curve”.
Mr Cross built up Dana Petroleum into a successful exploration company before it was bought out by South Korea’s national oil firm in a hostile takeover in 2010.
The businessman collected more than £34 million from the sale of his stake, earning a reputation for being the North Sea’s “man with the Midas touch”.
Since then, he has led London-listed Parkmead, which he described as “Dana Mach 2, but stronger”.
He has a chart in his office comparing Parkmead’s growth to that of Dana in its early years.
Mr Cross said Parkmead was “tracking nicely” and “better balanced” than Dana, which sold for £1.7 billion.
Parkmead is focused on production from its “backyards” in the UK and Netherlands, whereas Dana operated out of nine countries.
Mr Cross also feels Parkmead, whose full-year results show rising revenues and a return to the black, is well-placed to thrive as the energy transition gathers pace.
For the past three years, Parkmead has only produced gas, which is a cleaner fuel than oil.
Another green touch recently saw it snap up £4.9m worth of Aberdeenshire farmland which had been majority-owned by Mr Cross’ wife.
Parkmead does have large North Sea oil projects in its portfolio and is determined to bring them to fruition.
With that in mind, the firm has hired its first dedicated North Sea managing director to spearhead those developments.
Tim Coxe had a stint working for Parkmead on the early stages of its Greater Perth Area (GPA) project in the outer Moray Firth a few years ago.
He has now returned to Parkmead, from Apache, and will take GPA through to project sanction, which is slated for spring or