Has anyone got any ideas why VLR continues to fall? They are one of the few Fuel cell company to have actually successfully comercialised their product and the potential for future growth is huge.

Finally, I was thinking last night that newsflow was now needed to support and boost the share price.

Voller Energy Group PLC
11 July 2006


11 July 2006


Voller Energy Group PLC


AGREEMENT SIGNED WITH CONERGY AG


Voller Energy Group PLC, the leading commercial developer and manufacturer of
portable fuel cell systems, announces that it has signed a Memorandum of
Understanding ('MOU') with Conergy AG, Europe's leading systems suppliers of
renewable energy.

The agreement is for Voller and Conergy to work together to develop the market
for fuel cell generators used in small-scale off-grid applications for example
in conjunction with solar panels and wind turbines to provide remote power from
sustainable energy sources.

The collaboration will benefit Voller with the help, support and expertise of
Conergy in Photo-voltaic (PV) and wind turbine technology. Conergy will benefit
from access to Voller's expertise in fuel cell systems at its remote wind and
solar sites, whose efficiency can be reduced by lack of wind and sun. When
required, Voller's software activates the portable fuel cell in order to
maintain a constant power source, so that equipment at remote sites such as
surveillance cameras, illuminated road signs, and environment monitoring
equipment work continuously.

With an expected turnover of more than 800 million euros in 2006, the Hamburg
based Conergy is the largest solar company in Europe and a leading international
supplier in other fast growing fields of renewable energies. With more than 1000
employees on five continents Conergy offers intelligent system technologies for
the rapidly growing global energy requirements, to generate electricity, heating
or cooling using various renewable resources. Along with flat plate collectors
for sun-powered heating or cooling, Conergy also develops and produces inverters
for converting solar direct current into grid-conforming alternating current in
all power ranges. In addition to these key high-tech solar technologies, Conergy
also produces small wind power generators and patented mounting components for
renewable energy systems.

Voller Energy is one of the world's first commercial developers and
manufacturers of portable fuel cell systems, offering an environmentally
friendly alternative to diesel or gasoline electric generators. Voller products
can be fuelled by pure hydrogen or liquid petroleum gas (LPG), a mixture of
propane and butane generically known as Calor Gas, after the market leading
brand of LPG.

Stephen Voller, Chief Executive of Voller Energy Group PLC, said:

'We are extremely excited by the new opportunities offered by the agreement with
Conergy, whose expertise in wind and solar technology makes them an ideal
partner for Voller, as we take further steps towards the development of
continuous environmentally friendly energy.'



www.voller.com

That sounds like very good news - about time we had a big deal!

down 8% on this news though, what is going on ???

I dont think so accord, the graph for today looks as if Voller dropped 2p at the most at any time during the day.
However I am still mystified that the news has not given the shares a lift given that positive newsflow tends to send these companies soaring. Perhaps the market was expecting a Ceres like deal with BG? Any thoughts?

No thoughts at present, other than the fact that the market has reacted oddly to every bit of good news I have read this week. Bear conditions, or is everyone just feeling lethargic after the World Cup? A bit of the former, I think, as there has been plenty of volume, just no momentum.

WDIK, please draw your own conclusions.

Whats happening to Voller, it hasn't pulled out of its steep decline although most others have? Any ideas???

Tiny cap, few shares, and little trade so any sales (or buys) are likely to have a disproportionate effect ...... some holders obviously getting bored or being forced out

Skidding like a good 'un. Is that a support level I see at 30p?

I selected the shares yesterday at 34.5p for the "UPS" thread, have been moving higher since.....

Tue 08 VLR 34.50 Master RSI
Reason -VLR is the leading commercial developer and manufacturer of portable fuel cell systems, a good reason to tuck away the shares is because are trading at around net cash 33.50p at their last results, so their technology is not in the price

I done a chart were be the pattern of the last month chart could take the shares to 45p on the short term

could you ellaborate?

Morning all!

A very tidy 25% bounce this morning, ahead of the results due to be released tomorrow. I can only hope that the market will still be enthusiastic about these shares then.

VLR Bid: 42p Offer: 45p Change: 8.5

Dammit, would everyone please stop selling this stock !!??!!

Thank you.

ST, Too many Short Term traders. Today's statement - everything in line with expectations. Buy on weakness and put in thebottom drawer until end of 2007 results.

:o) Morning Silvermede.

I agree. Forgive my little outburst. Actually the current market cap is barely more than the co's net assets (almost 7 mil, most of which is cash). They have no debts and appear to be well funded, although at this SP they had better pray they don't need to raise too much by way of extra funds in the near futre (unlikely at current cash brun rates).

I'd say the current SP is a decent buying opportunity, but agree one has to be patient. Any positive news ought to make the SP rise; it's too surely low for mildly bad news such as project delays to have much of an effect. If I was liquid I might think about getting some more; I'll just have to stick for the time being.

Volume of shares traded so far today has also been next to nil - which I think is a good thing - shows there's very little panic going on.

ST, until VLR is cash generative the MMs will have a field day. :-)

Oh to be a market-maker . . . . :o)

Actually I regard this one similarly to QTI - the products are at or close to the commercial stage, just waiting for it to feed through into serious sales. Will keep watching and DYOR'ing.

Read the latest RNS and you will see exactly why sp has fallen again today

Cynic, I read the results earlier and didn't think they were all that bad. This co is trading at a value barely more than that of its cash in the bank.

Meanwhile the other fuel cell co's are further from commercialising their product and command valuations in the hundreds of millions.

So much for efficient market theory. Still, I'm not panicking, as ever.