Small Aussie company into supercapacitors

Issued statement on 23/10 bemused at share price fall

Stock has since droopped another 15%

Basically I'm guessing institutional seller that got in on ipo needs out no buyers ----- free money for the patient --- 3-6 months if you belive the management that is

As for the business I have no idea :-)

jimmy - i think GRPH are in a similar field and have also suffered a similar fate ... it's certainly interesting and cutting-edge stuff, but what or why is it that the market has fallen out of love with?

from many different places

Just a reminder of deals we know we are waiting for

1. Car Deal 1 "Truckstart" with North American Global Tier 1 Auto components Company 'initially for development of products for the North American Truck Market'

2. Car Deal 2 " a separate global Tier-1 automotive systems company has bought a number of 500F cells, in November 2014, for the development of a Kinetic Energy Recovery System (KERS) for use in racing cars, prior to anticipated broader adoption in sports cars."

3. Car Deal 3 "Another global Tier-1 automotive components company has approached CAP-XX to licence a patent and has tabled an initial offer involving an upfront license fee, plus a sliding scale royalty on sales. This opportunity is currently in active negotiation."

4. Thales Feasibility Study - Graphene Supercapacitors ? This would be mega and make CPX a huge 'concept stock' favourite amongst Investors.

5. Thinline - Mulitple sector opportunities in Wearables, Energy Harvesting and Smart Credit Cards Just a reminder of deals we know we are waiting for

i think the product is very interesting indeed, but remain puzzled as to why CPX and GRPH have both fallen so heavily out of favour
is there a fear that the chinese will easily copy this technology, or is that just a "panic play" or similar?

The rise short term looks over, there was 3 important points that were reached yesterday

the Stochastic reached overbought, resistance was also reached and the price went over the upper Bollinger Band.
Naturally I sold 2 lots


edit
Share holders do not want to see it, but is happening all the time after a large rally.
main reasons:
1- since yesterday reached resistance @ 8.20p
2- the Slow stochastic also reached overbought
3- and at the same time Share price was over the upper Band on the Bollinger Bands ( sell signal )

KEEP AN EYE
@ 6.60p ( 6.55 - 6.65p )

and my reasons are:
Had a very large retracement since reaching intraday 8.20p
The large spread earlier is being close bit by bit and buying is happening again, and could be the signal of the large selling trades are over, MMs are asking full ask price for any buying

re - time to buy again?

It seems it was the right time ( I did, I could not buy them at better price not even on a T+2 ) as the share price has now gone level with yesterday's close
MMs are keeping the spread large

a couple of trades have been paying premium for the trades.

first buy for the day over 7p is now happening, so good omen for the reversal

key reversal
A one-day reversal pattern that occurs when a market makes a new low, a spike low, known as a downtrend, and then reverses to close at or near the high, known as a downtrend, of the price bar. The implication is that the market has experienced an extreme intraday sentiment change and a reversal is likely.

Second wave of buying is on now and share price going over the last Intraday high of the day, meaning looking good just now

after slow start, were MMs had to bring the offer down to encourage buyers, finally done the job and now is up for the day and just over 7p

no profits yet but it will help for the accounts ...............

A R&D tax rebate from the Australian Tax Office of AUD$1.1million (2014: AUD$1.2 million) is also forecast to be received in October 2015.

is going places now 7.15p +0.25p

some larger trades with no sells for the last hour+

Major Shareholders -- Shares -- % Holding

Hargreaves Lansdown 46,068,498 17.3%
Legal & General Inv. 35,395,455 13.3%
Old Mutual PLC 27,449,532 10.3%
Barclays Private Bank 24,759,592 9.3%
TD Waterhouse 20,795,861 7.8%
Halifax Share Dealing 14,228,362 5.3%
Mr Michael Hennigan 9,550,000 3.6%
The Epping Trust 7,500,000 2.8%
HSBC Wealth Manag. 7,495,229 2.8%
Investor Nominees 6,873,990 2.6%
CGWL Nominees 5,588,149 2.1%
Wealth Nominees 4,776,009 1.8%
Winterflood Securities 4,317,456 1.6%
Lawshare Nominees 3,961,606 1.5%
Ducon Management 3,852,506 1.4%
Brewin Dolphin Secur. 3,427,815 1.3%
Investec.......... 2,627,930 1.0%
Mr Robin Dummett 2,460,252 0.9%
Hansa Capital ... 2,100,000 0.8%
Redmayne Bentley 1,788,165 0.7%
Puma Nominees 1,123,054 0.4%
Other ........... 31,980,189 12.0%

http://www.cap-xx.com/investors/

Chart update

Ready to move forward @ 6.125p, as it has been holding around this floor and up again for some time and sells are drying up. A floor has been formed on the chart and now creating higher lows,

Bought another lot earlier @ 6.15p

there was a double bottom on the 2 days chart and share price had reached a 78,6% retracement a very large retrace.
there was a large seller

That bodes well for CPX with the connection with Murata .........

7 Oct'15 - TOKYO— Apple Inc. parts supplier Murata Manufacturing Co. said it would build a new, $100 million factory in Japan, defying widespread worries a slowdown in China’s economy could damp smartphone sales.

“Even if the growth rate comes down to a certain level, we see demand for components increasing,” company President Tsuneo Murata said in an interview Wednesday.

While better-known Japanese electronics giants have struggled in recent years, Murata has strengthened its market-leading position in several kinds of smartphone parts,.including tiny capacitors and radio-frequency filters. As smartphones grow more sophisticated, they need more of these parts.

A surge to 7p just now though it was higher a bit earlier

Top up @ 5.85p

AGM update

There is a negative point ... deferment of orders from 1st half to 2nd half bu the rest of the update is supper bullish.
the marked down is overdone looking at the trades where buys equal sells yet is over 1p down.

Result of AGM and Chairman's AGM statement

The Board of CAP-XX announces that all resolutions put to shareholders at the Company's Annual General Meeting held earlier today were duly passed.

CAP-XX's Chairman, Pat Elliott, also provided the following update in relation to the Company's activities:

"The Board is very pleased with recent progress made with our large supercapacitors aimed at the automotive market. Our customers and potential partners have undertaken rigorous testing of our products, both in the field and in the lab, over the last several months, with excellent results. The Board looks forward to potentially providing additional updates on our automotive applications over the remainder of this quarter and the first quarter of 2016. We are also very pleased with the progress with our research and development partner Thales, and other third-party product development contracts, which is expected to continue over the coming months.

"The Board is also very encouraged by the interest shown by customers desiring small supercapacitors targeted at the various Internet of Things (IoT) markets. Murata royalties have more than doubled over the last year, and while still modest in absolute terms, we are pleased that Murata is forecasting increased small supercapacitor sales.

"As a result of our research efforts and after rigorous testing we have now increased the voltage rating of our Thinline and our single G series cells to 2.5V and 2.75V peak, and our dual cells to 5V and 5.5V peak. We believe that the effect of these significant performance improvements will be to greatly broaden our addressable markets. More importantly, this makes CAP-XX supercapacitors even more cost effective than previously. Our new Thinline range of supercapacitors has been very well received, and we have seen an increasing level of requests for product testing and prototyping in end products. As customers plan for the changes to these new parts, we expect that we will see some deferment of orders from the first half of the financial year to the second half.

"We remain very excited by the opportunities that we see for our supercapacitors in the automotive markets and the IoT and remain confident for the outcome for the year."

5.55p +0.30p
yesterday's almost flat bottom during the day was a signal of floor being reached (support )