RFX - Redflow Limited

[HelloU]

yep, coz the previous USA plant was too expensive......my point is more aimed at suggested use of aussie tax-payers money as support.........(without wanting to discuss who else gets support)....

 

[sptrawler]

yep, coz the previous USA plant was too expensive......my point is more aimed at suggested use of aussie tax-payers money as support.........(without wanting to discuss who else gets support)....

I wasn't suggesting direct subsidies, maybe when a Government funded renewable (solar/wind) installations are built, all types of batteries could be used, then useful comparisons could be made.
Rather than just opting for the cheapest tender, every time.

 

[galumay]

Saw a link to this video interview with Simon Hackett today, worth watching.

 

[pixel]

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01961079
According to today's news, the stacks from the new Thai factory are ready to roll out to customers. All we need now are lots of customers to roll them out to.
I hesitated a tick too long and missed the buy. Hopefully, I'll get another chance on pullback.

 

[pixel]

Another dip and bounce. Will it succeed this time? Technically, the ducks line up:
Bullish MACD, breakout with high volume, and falling trendline/channel top also broken.
I am waiting for a pullback showing me the current support, or at least confirmation that this time it's more than a one-day wonder.

 

[pixel]

I find this 10c cap raising very disappointing.
After recently trading above 15c, 10c feels like throwing good money after bad.
The first batch has already been issued to big instos. It will lead to a sizeable dilution.
Therefore, I sold my entire holding into the Open @14c.
(Doesn't mean I can't change my mind and buy them back later at a lower price...)

 

[Astalavista]

Re: RFX - Redflow

Looks very interesting there Cyn, I'd be one to wait a while for some more solid results before buying in, if at all. I usually like new tech stories but closer to production/mass profits, even if the price is often higher. Had a look through their presentation, a bit too light on numbers as of yet, if they release one with expected profits etc (probably they don't even have the margins etc estimated accurately enough to bother making promises, good stuff, underpromise and over deliver).

I also like the solar power angle, for some strange reason geothermal is being eschewed for solar and wind power production, and with these incapable of producing power 24/7, it'd be a good plan to use the batteries for periods of calm (for wind power) or cloud cover (for solar). However by that same angle, new energy technology is being invented all the time, and there's no guarantee that RedFlow will be one of the companies to make the change from inventor to profitable producer of the product.

All that being said I've seen dodgier looking tech companies floated, with less detailed business plans and less promising tech. Might look the goods in a year or two but doesn't suit my investing style as of yet. All imo of course, and others will probably draw different conclusions.

This is not virtual tech it is boots on the ground building stuff. Proof is in market support for product, better than musk in ways, just needs to leap from the shadows to consumers while having solid trust at market here.
Hard to argue with science, though Henry ford did a good job of that more than a century ago. We still live with the legacy. Eventually it will work and this crew have a big key. Hoping market trusts.

 

[So_Cynical]

This is not virtual tech it is boots on the ground building stuff. Proof is in market support for product, better than musk in ways, just needs to leap from the shadows to consumers while having solid trust at market here.
Hard to argue with science, though Henry ford did a good job of that more than a century ago. We still live with the legacy. Eventually it will work and this crew have a big key. Hoping market trusts.

Hello - you are quoting a post from 2010.

There has been some discussion about Redflow over the years since, consensus is that the tech is ok its just the execution has failed and the media seems determined to totally ignore Redflow and flow batteries in general, or basically anything thats not Tesla.

Im half keen to buy back in, i did make money last time..

 

[citac]

Redflow getting some air time with the Thai Government, Installing an off grid system in a national park.

Quarterly Cash flow out today

Redflow Ltd December Quarterly report and Appendix 4C

Redflow Limited (ASX:RFX) present commentary on activities during Q2 FY19, accompanied by the

Appendix 4C for same period.
Highlights
Further sales orders received in key target markets during the quarter 
Manufacturing milestone hit for monthly battery production in December 
Senior executive team strengthened with appointment of a new Chief Deployment Officer 
R&D rebate of $1.75 million received in January 2019

im sitting at a loss on this.

 

[Ann]

Redflow to deploy zinc-bromine flow batteries in China under collaboration with ZbestPower

Redflow (ASX: RFX) will deploy a large 100 kilowatt hour zinc-bromine flow battery storage solution as part of Haidong Transportation Group’s smart grid project in China’s Qinghai Province.


The deployment follows a collaboration agreement between Redflow and China-based flow battery company ZbestPower Co Ltd.


“Having strengthened our intellectual property protection for the China market and reviewing several partnership opportunities over the past 12 months, we are delighted to have signed a collaboration agreement with ZbestPower,” Redflow chief executive officer Tim Harris said.


“ZbestPower and Redflow will jointly benefit from this collaboration, with the Haidong Transportation Group’s smart grid project a key springboard to develop further projects in China.” More...

RFX had a big volume spike on the news but if volume spikes are used as an indicator for a potential buy, care needs to be taken to make sure the money flow isn't on the way out. As you can see the Twiggs Money Flow weekly (and daily, not illustrated) is showing an outflow.

 

[rederob]

RFX had a big volume spike on the news but if volume spikes are used as an indicator for a potential buy, care needs to be taken to make sure the money flow isn't on the way out. As you can see the Twiggs Money Flow weekly (and daily, not illustrated) is showing an outflow.

Could be start of a long term rise as Redflow is now cashed up, has a great manufacturing facility in Thailand, and is delivering batteries to order.
Significantly de-risked now and fundamentally sound.

 

[Calvin27]

Having strengthened our intellectual property protection for the China market

Not sure that is a wise move. I guess they don't have much of a choice given everyone is in tesla lalaland.

 

[sptrawler]

Not sure that is a wise move. I guess they don't have much of a choice given everyone is in tesla lalaland.

They are still struggling to get traction, great technology, limited opportunities and expensive compared to competition.
Unless they can get it down to cost and size suitable for residential uses, I think it will continue to struggle, a shame really because it actually makes a lot more sense than lithium batteries.
Just my opinion.

 

[galumay]

Agree, sptrawler, love the product, but the business does not appeal.

 

[sptrawler]

Agree, sptrawler, love the product, but the business does not appeal.

Yes i think they will always be a niche market player, unless they can make a product small enough for residential application.
My son wants to go off grid, he emailed them , didn't even get a reply.
The fact it can be discharged 100%, as opposed to lithiums 50%, gives it a huge advantage, but it still isn't attractive on price/size.
As you say galumay, not an attractive investment ATM.
Just my opinion.

 

[Dona Ferentes]

They are still struggling to get traction, great technology, limited opportunities and expensive compared to competition.

Unless they can get it down to cost and size suitable for residential uses, I think it will continue to struggle, a shame really because it actually makes a lot more sense than lithium batteries.

That about sums it up. Beta versus VHS, perhaps

Not going to happen in residential, but looking at 'sweet spots'
- Energy-focussed applications
- Frequent cycling
- Warm climates that rapidly degrade other batteries

which can be telco and tower operators, remote area and commercial/ industrial.

Currently, offering an entitlement issue, for 1 share for every 1 share held at 7pm (Sydney time) Tuesday, 16 June 2020 at an issue price of 2.5 cents per new share.

 

[Dona Ferentes]

Timing is a heck of a thing, i put some effort into it and get good results overall, RFX trading @ around the 40c level recently and looking strong, Z-Cell revealed today and getting a bit of media coverage and looking pretty cool.
....
Simon Hackett on the other hand looking a little to casual, like a self made millionaire who just really dosent care.

a few years down the track and there's a 1 for 2 Entitlement Issue, kicking off at all of 2.5c a share

the Company’s largest shareholder, Simon Hackett, will be subscribing for $450,000 of entitlements under the current Entitlement Offer. Mr Hackett has been a major shareholder and customer of Redflow for the past six years. He continues to have a significant role in the technical development of Redflow’s energy storage solution through his current System Integration Architect role

meantime, good to see that the learning curve continues:
Redflow is not wasting the period while we are impacted by the COVID-19 pandemic. Rather, we have decided to use this period to materially accelerate completion of our next generation zinc bromide flow battery (Gen3 Battery). The Gen3 Battery will include a new electrode stack design, a new electronics board and an updated tank design.
The Gen3 Battery will be delivered at a significantly lower cost than our current battery and will provide the platform for a volume manufactured battery and a better customer proposition in a competitive market.
!

 

[So_Cynical]

I started this thread almost 10 years ago, RFX still looking for traction, profits and acceptance, a real shame because the tech is brilliant and needed.

Simon is still a believer.
~

 

[Dona Ferentes]

trading halt .. necessary for the Company to evaluate its ability to place the shortfall and consider options if the shortfall cannot be placed

Dommage; was doing OK , in that it lifted off the 2.5c level (eventually)

 

[Dona Ferentes]

RFX received acceptances which totals $4.899 million for its recent Entitlement Offer (priced at 2.5c). The level of acceptances was lower than the $6.25 million that Redflow had aimed to raise and we will look to place some or all of the Shortfall over the next 90 days.

Having considered Redflow's growth plans, the Directors have determined that the applications received from shareholders under the Entitlement Offer, combined with $3.4 million cash at bank (as at 30 June 2020) and an expected R&D tax rebate for FY2020 will provide sufficient funding to meaningfully pursue Redflow strategy, with a primary focus on the accelerated development of the new Gen3 battery.

With the available resources and recognising the challenges caused by the COVID19 pandemic, Redflow will:
- Narrow its future sales focus and business development activity to support key markets (notably in Africa and our customers in Australia and New Zealand) and key applications where our energy storage batteries have achieved significant traction to date;
- Continue with development of Redflow battery enhanced features such as external housing, and Standby Power Supply mode;
- Focus development and testing for Gen3 using our Thailand and Brisbane facilities;
- Incur expenditure on retooling for volume production of Gen3 batteries based mainly on the achievement of further sales traction; and
- Continue to maintain the cost containment measures currently in place and pursue all other cost savings measures where it is prudent to do so.

- and live to see another day. Up a bit today (from the nadir, one hopes)