Redflow Limited Annual Financial Report for the year ended 30 June 2017
The following report is the transcript of a presentation by Redflow Limited Chairman Brett Johnson made to the Redflow Annual General Meeting at 10:30am – Friday 24 November 2017.
The following report is the transcript of a presentation by Redflow Limited Non-Executive Director Simon Hackett made to the Redflow Annual General Meeting at 10:30am – Friday 24 November 2017.
In July 2017, Redflow Limited announced a $14.5 million investment package, enabling it to target sustainable delivery of its zinc-bromine flow batteries to high demand areas such as telecommunications.
Redflow Limited interim Financial Report for half-year ended 31 December 2016
Redflow Limited Annual Financial Report for the year ended 30 June 2016
Equity research│June 7, 2016
We reinstate coverage of RFX following its recent capital raising. We expect RFX to end FY16 with ~A$12.5m of net cash and sales ramping up.
- After many years of trials, RFX recently received its first small commercial orders from a variety of system integrators. We expect sales to accelerate as commercial orders generate revenue and cash.
- RFX now fully outsources contract manufacturing to global giant Flextronics, has a Battery Management System for ease of installation and use, and is generating small commercial sales, which places RFX one step closer to success, in our view.
- That said, after a stellar share price performance, RFX is now trading in-line with our price target so we move to a Hold recommendation.
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