FLC 2.94% 16.5¢ fluence corporation limited

$50m USD in Build-Own-Operate contracts incoming prior to the...

  1. 1,002 Posts.
    lightbulb Created with Sketch. 3339
    $50m USD in Build-Own-Operate contracts incoming prior to the end of 2023.
    Current debt facility with Upwell is $30m USD but can be extended to $50m.

    Depends how they win and announce the contracts. But my bet is on a strategic placement to go alongside an increase in the debt facility.
    FLC management shouldn't worry about messing around with ASX investors too much, anyone having a cry about missing out on any potential CR has had their chance to buy at 15 cents or under the last few months.

    There will be some American investors floating around in the background waiting for a strategic placement. If Fluence are picking up new customers like JBS (the largest meat supplier worldwide) in wastewater-to-energy, and the likes of TSMC chip fabs for industrial water, then there will be interest.

    Tom Pokorsky, Doug Brown & Rick Cisterna have been involved in a lot of large deals over the years, we have not yet seen any of these connections put direct funds into Fluence. Doug seems to have hinted at developing broader access to capital markets as part of a long term financing strategy for future large projects.

    If another $60m+ USD in contracts are announced before the end of the year, and at the time of the largest announcement a strategic placement comes through, how do you think the market will react? I hope normal investors are not given a look-in and have to buy on market at whatever price is available.
 
watchlist Created with Sketch. Add FLC (ASX) to my watchlist
(20min delay)
Last
16.5¢
Change
-0.005(2.94%)
Mkt cap ! $177.5M
Open High Low Value Volume
16.5¢ 16.8¢ 16.5¢ $4.343K 26.32K

Buyers (Bids)

No. Vol. Price($)
4 244189 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 670034 6
View Market Depth
Last trade - 15.45pm 03/05/2024 (20 minute delay) ?
Last
16.5¢
  Change
-0.005 ( 0.00 %)
Open High Low Volume
16.5¢ 16.5¢ 16.5¢ 28969
Last updated 12.41pm 03/05/2024 ?
FLC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.