DEM and FLC are worlds apart no doubt. The fact FLC are turning...

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689 Posts.

764

01/05/19

18:26

Post #: 38359609
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Originally posted by Relax1 ↑

Not quite right. Fluence sold the largest Nirobox Mega (1st sale of this size unit) in January in Vietnam. Previous sales of Nirobox were for the medium version (1000 m3/d).

As you well know, sales are lumpy. There can be no sales for 4 months, then suddenly a $7.6 million USD multiple Nirobox order can eventuate from a previously unmentioned region (eg Egypt). That is the nature of the market.

It is no secret that Fluence are not yet profitable. Aside from growth in SPS and building custom engineered plants, one of the biggest factors this year for a reduction in cash usage is finishing the PDVSA Agricola project in Venezuela. As it was prepaid, and those funds were on hand since 2016, during this project we have seen a large amount of revenue booked, however we have not seen any quarterly receipts (due to the prepayment). As a result, quarterly cashflows were all impacted negatively for the duration of this project. Getting this off the books will mean a better balance between quarterly revenue and receipts.

Compare to De.mem Limited (ASX.DEM) which has much lower revenue, lower losses and lower growth prospects. I prefer the potential growth in Fluence, as well as the future revenue bookings related to MABR/SUBRE/Nirobox and custom engineered projects in the Ivory Coast and Mexico.

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DEM and FLC are worlds apart no doubt. The fact FLC are turning 9 figure revenues albeit at a big loss, however guiding a profit to be soon, yet the market isnt pricing in this profit, has me suspicious. Normally growth companies with 9 figure+ revenues on the verge of profit, are well and truly priced in and trading at multiples of earnings. Henry seems to be finding it very difficult to sell the story it seems.

FLC Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.001(1.75%)		Mkt cap ! $62.94M

Open	High	Low	Value	Volume
5.8¢	5.8¢	5.3¢	$17.25K	311.3K

Buyers (Bids)

No.	Vol.	Price($)
1	9150	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	19873	1

View Market Depth

No.	Vol.	Price($)
1	9150	0.055
1	14797	0.053
2	149100	0.050
1	12500	0.048
3	623270	0.043

Price($)	Vol.	No.
0.058	19873	1
0.060	77612	1
0.061	499816	1
0.063	62695	3
0.067	300000	1

Last trade - 13.24pm 30/07/2025 (20 minute delay)

FLC (ASX) Chart

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DEM and FLC are worlds apart no doubt. The fact FLC are turning...

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