FLC - Fluence Corporation

[HelloU]

yeah mate prolly a good call atm (strangely where you have the yellow was when my sell triggers popped up at the time of my last post - but i went away on a cruise - the rest is history)

they just cannot seem to spend less than they earn - to put it simply.

All the excitement was when some fund got onboard and then there was a flurry of fresh blood. i expect that fresh blood has now scabbed and is falling off and part of the current woes ...... they want to list US in a couple of years so will have a fair bit of work to do. At least they have stopped making claims they do not meet but that inability to make profit is the albatross here. The great hope of taking over china seems a little more difficult than expected.
see ya.

Wow, a year ago....
Some sort of $50M line of credit or something today, and 4C tmoz?. Much of the above post is still true and the trend is still down (but it cannot keep going down forever - that is a fact). Maybe less risk of a CR may help the share price (and why I am posting this)
DNH (singed only)

 

[Dona Ferentes]

not enough to tempt me into the water:

"Securing this [$3.2 million] project further strengthens Fluence’s position as a growing and innovative provider of water treatment solutions in Egypt. Together with the US$7.6 million NIROBOXTM Smart Products Solution desalination plant ordered in October 2018, and our US$20 million order for the New Mansoura desalination plant awarded in March 2019, this latest contract further reinforces two key elements of Fluence’s growth strategy: a focus on desalination solutions for geographies urgently addressing water shortages, and providing innovative water solutions to help build sustainable communities.”

 

[Dona Ferentes]

- am still keeping an eye on FLC. Maybe,just maybe ....

Fluence repositions strategy to focus on Membrane Activated Biofilm Reactor and Smart Products Solutions, changes MD & CEO, and reaffirms guidance

Summary
1. Strategic repositioning is designed to focus primarily on three (3) key segments:
.... MABR wastewater solutions in China and Southeast Asia;
.... NIROBOX TM desalination solutions in the Middle East and Southeast Asia; and
.... the Ivory Coast water treatment project
2. Continued development of strategic channel distribution partners and further improvement of operational efficiencies
3. Effective immediately, Richard Irving, Chairman, will also assume the role of CEO, replacing Henry Charrabé
2020 guidance reaffirmed
• EBITDA positive for the full year (excluding any one-time costs)
• US$32 million in SPS sales
• US$9 million in recurring revenue

(fortune favours the brave. Missed the recent run; don't HOLD)

 

[Dona Ferentes]

still bouncing around the bottom, up 10% on new contracts but only to 23c

.... and some interesting semantics in the Announcement

Fluence Announces Key Orders In China and SE Asia

• First Multi-Unit Orders From Two National State-Owned Enterprises in China
• First Sales For Wastewater Reuse In China – Key Part of China’s New 5 Year Plan
• First Multi-Unit NIROBOX Sale in Taiwan
• Orders total US$4.6 million with follow-on business anticipated


1. Fluence Secures First Volume Order From Three Gorges
- awarded its first volume contract for the Yangtze River Great Protection Program managed by China Three Gorges Group Corporation - worth an aggregate of US$2.2 million and involve a total of 29 Aspiral MABR units.

2. China Rail Order – First In China For Wastewater Reuse
- an additional contract by Beijing China Railway .... worth US$28K for two (2) Aspiral Micro units to treat and reuse wastewater at sites including Beijing. This is the first wastewater reuse project for Fluence in China.

3. Secures First Multi-Unit NIROBOXTM Order in Taiwan
- awarded a US$2.4 million contract to supply three (3) NIROBOXTM units to drought-stricken Taiwan

 

[Dona Ferentes]

Hasn't moved the dial, but a good win.

Fluence Secures US$8.5M MABR Order in Cambodia
• Largest MABR plant to date will treat wastewater for 160,000 people
• Due to commence operation in H1 2022
• Third MABR plant in Cambodia
• X-WATER to be Fluence’s exclusive partner in Cambodia
.

 

[Dona Ferentes]

deeply discounted raise ... and down

Successful Completion of Placement and Institutional Entitlement Offer

Highlights:
• Fluence has successfully completed the fully underwritten Placement and
Institutional Entitlement Offer of its capital raising, raising A$31.4m
• The Placement and Institutional Entitlement Offer received strong support from new and existing institutional investors globally
• Directors and management participating in the offer for up approximately A$9m, led by Chairman, Mr Doug Brown
• Debt reduction and balance sheet reset provides new management team with flexibility to deliver on the strategy of sustainable revenue growth and higher margins
• Investment in sales, particularly in North America, paying dividends through rapidly growing pipeline
• High-Strength Wastewater and Waste-to-Energy, providing solutions that support the shift to global decarbonization
• Launching a partially underwritten Retail Entitlement Offer to raise up to a further A$9.2 million at A$0.08 per share
• Retail Entitlement Offer will open on Wednesday, 8 Nov and close at 5:00pm (AEDT) on Monday, 27 Nov 2023.
.

 

[barney]

deeply discounted raise ... and down

Pretty ordinary cap raise price for those not in a position to take advantage of it.

The mandatory extraction of weaker hands shares followed today, as is often the case.

I'd be backing back to 14 cents within a week at a guess? (DNH)