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RFX - Redflow Limited

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Key highlights:
• Successful $5 million Placement to support growth @ $0.043 per share
• Introduces well known tier one Australian based institutional investors to the register, demonstrating strong endorsement for Redflow’s technology and growth opportunities
• Simon Hackett, Redflow’s largest investor, is also participating in the Placement
• Share Purchase Plan to raise up to $5 million to be offered to eligible shareholders on the same terms as the Placement
 
So who is the "well known tier one Australian based institutional investor"? Its pretty meaningless to make the claim without identifying them. It may be a good thing or it may be a red flag!!
 
Market cap is $75 million.
The " new and existing sophisticated and institutional investors " (their words) have put in $5M.
If a holding tips over 5% then an Initial or Change in Substantial Holding announcement will be made to the ASX.
 
I guess investors can check the updated top 20 SH's to work it out if they are interested. I have no skin in the game, its never struck me as an investible business although I keep an eye on it as the tech is interesting.
 
galumay said:
Could be multiple red flags!
Click to expand...
sadly i agree , my black book includes a few instos ( and funds ) i would rather not see investing in a stock i hold

some are BIG internationally known names , others are invasive super funds ( insist one putting a director on the board )
 
galumay said:
I guess investors can check the updated top 20 SH's to work it out if they are interested. I have no skin in the game, its never struck me as an investible business although I keep an eye on it as the tech is interesting.
Click to expand...

i have some skin in the game , sadly it is a shriveled , badly scorched bit of skin , so am being EXTREMELY careful before putting my fingers near my wallet ( bank balance )

depends on if you think there will be a widespread need for batteries outside the EV universe
 
Its even more niche that that, its whether you think this particular tech for batteries, outside the EV universe, can be manufactured and sold as a viable business. Thats something I have no conviction about - either way.
 
Dona Ferentes said:
everything is investible, whether it is profitable is what counts
Click to expand...

I was talking personally, its not an investible business, for me. Most businesses are not investible as far as I am concerned. Being unprofitable doesnt preclude it from being investible, but I would need a lot of conviction that the trajectory to profit was probable.
 
Colm Doc said:
Redflow. Another capital raise via SPP, any current holders considering this?
Click to expand...


haven't seen the details yet , but my ( uninformed ) instinct is NO , , this should have been generating some sort of after tax profit by now

Redflow is no novice to the battery game , so can't use that excuse

is very likely to sit in the bottom drawer with CCE as a lining to protect the div. paying stocks there ( like TNE , PME , etc etc that are too high over my target price to consider adding to but generate enough yield on investment to deter me from cashing in )
 
I started this thread 12 years ago - thats insane!

Glass half full - Redflow is still in business in spite of burning cash for 12 years, cash burn is averaging about 9x revenue over the last 4 years, how long does it take to develop a profitable small scale flow battery?

The tech is still good and the need even greater, currently there are maybe a couple of 1000 home style batteries deployed in Aust every year with the big switch to renewables there will soon come a time when 10000 batteries per year will be rolled out and flow batteries are just so well suited.
 
after my recent adventures of solar panels , inverters and the people that install them ,
i would suggest folks seriously think about if any of these three things so much as enter your front gate ( and NO i haven't got to selecting a battery storage technology yet )

now after briefly studying the workings of flow batteries i noticed they have pumps and wonder about the durability of them , after all one inverter fried when the cooling fan failed , and a second inverter just died after new panels were fitted , and the replacement inverter seems to be connected to only 12 of the 13 panels despite them generously creating a leak in the tile roof ( by damaging the sewerage breather pipe )

i would seriously suggest Redflow concentrate on commercial applications because attempts to sell to residential properties will need a bank of employees to handle the complaints desk
 
As the recent investor presentation (link below) points out, Flow battery's require zinc and bromine both cheap and abundant, lithium-ion on the other hand requires Lithium and Cobalt both expensive and getting more so by the week. Flow batteries also are rated as Medium duration storage, 4 to 24 hours - perfect for households and smaller commercial operations.

After 15 or so years now is perhaps the time for Redflow to shine.

 
From memory @mullokintyre has redflow batteries installed, so he should be able to give a first hand experience of their durability and effectiveness.
 
I wish, not invested but indeed not being able to shine yet in that area in 2020s? if the tech is there, this points to a very deficient management, or just the fact they are Australia based and so in the wrong place to do any tech or manufacturing venture.
I really like the alternate tech they represent but do not hold my breath
 
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