RFX 1.00% 9.9¢ redflow limited

The company now has a pipeline of orders sufficient to generate...

  1. 42 Posts.
    lightbulb Created with Sketch. 26

    The company now has a pipeline of orders sufficient to generate a useful cashflow. What we need to learn is whether the cost of production plus warranty contingency is exceeded by the sale price - is there any chance of a profit? There is no point in asking for additional shareholder support if you cannot show any path to a dividend. Why else would someone invest?


    Redflow has a poor history of production decisions and seems never to have taken product design seriously. The ZBN3 is starting to look resolved, the Thailand ecosystem is getter better and there is a real chance of a Queensland factory being supported by Government, so the future looks possible, as long as they can make the batteries with a good margin.


    They are no longer a startup, depending on grants, tax breaks and capital raises. They have been making batteries in volume for some years. If the design of the unit, quality control issues, or competitive pressures make it impossible to set a profitable sale price perhaps they should give it up. Hiberation, fire-proofness, hot condition tolerance, small unit size (portability) should command a premium over lithium sufficient to justify a sustaining price. What needs to happen?


 
watchlist Created with Sketch. Add RFX (ASX) to my watchlist
(20min delay)
Last
9.9¢
Change
-0.001(1.00%)
Mkt cap ! $23.47M
Open High Low Value Volume
9.9¢ 10.5¢ 9.9¢ $23.28K 230.8K

Buyers (Bids)

No. Vol. Price($)
4 49619 9.9¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 70225 2
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
10.5¢
  Change
-0.001 ( 4.27 %)
Open High Low Volume
10.0¢ 10.5¢ 9.9¢ 138981
Last updated 15.59pm 31/05/2024 ?
RFX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.