news - The SiLLC Assembly

Deutsche Rohstoff Group Starts 2023 with Strong Q1 Earnings and Increased Production

May 11, 2023 [crocon media – msch] – Deutsche Rohstoff Group has reported a strong start to 2023, with increased earnings and growth in oil and gas production. In Q1 2023, the company generated earnings of EUR 14.6 million, corresponding to EUR 2.86 per share, which is an improvement from the previous year’s EUR 12.8 million and EUR 2.36 per share. Key highlights include:

Revenue of EUR 42.7 million, a 50% increase from the previous year’s EUR 28.1 million
EBITDA at EUR 32.3 million, significantly higher than the previous year’s EUR 25.2 million
Operating cash flow of EUR 42.9 million, compared to EUR 6.8 million in the previous year
Oil and gas production growth of over 38%, amounting to 976,832 barrels of oil equivalent (BOE) and 477,191 barrels of oil (BO)
Net income from hedging transactions balanced, compared to EUR -10.5 million losses in the previous year
Equity ratio surpassing 40% for the first time since 2015

In the first quarter, the average realized oil price after hedges was USD 74.62/bbl, with WTI trading at an average of USD 75.93/bbl. The consolidated balance sheet reflects the positive results, with consolidated equity increasing to EUR 144.8 million at the end of Q1 2023 and the equity ratio reaching 40.2%.

Cash flow from operating activities amounted to EUR 42.9 million, while cash flow from investing activities reached EUR 37.6 million. The company expects a significant increase in production volumes in the second half of the year, particularly with the start of production from ten wells in a joint venture with Oxy and three of 1876 Resources’ own wells.

For 2023, the company’s guidance projects revenues between EUR 150 and 170 million, EBITDA between EUR 115 and 130 million, and a clearly positive Group result.

Read the original press release for more details : https://rohstoff.de/en/eur-42-7-million-revenue-in-q1-2023/

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Disclaimer
All transactions are carried out by The SiLLC Assembly, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.

MicroStrategy: A Beacon of Innovation and Performance in the Crypto Economy

[Sarasota, Florida, May 30, 2023] — [crocon media – msch] MicroStrategy Incorporated, a leading player in the crypto economy, continues to make waves with its impressive financial performance and innovative strides. The company’s first quarter results in 2023, coupled with the FedRAMP authorization for its government cloud solution, have further solidified its position as a beacon of innovation and performance.

Analysts have been increasingly bullish about MicroStrategy, viewing it as a stronger bet than Coinbase. This sentiment is a testament to the company’s strategic direction and its ability to deliver solid business results. The Swiss National Bank’s decision to increase its stake in MicroStrategy further underscores the strong trust institutional investors have in the company.

MicroStrategy’s recent acquisition of an additional 1,045 BTC, bringing its total holdings to 140,000 BTC, is a clear demonstration of its commitment to the crypto economy. This move not only strengthens its position in the market but also signals its confidence in the future of Bitcoin.

Despite the regulatory uncertainties in the US due to the SEC’s stance, MicroStrategy has remained steadfast in its mission. The company’s unwavering optimism is reflected in its continuous investment in Bitcoin, reinforcing its belief in the digital asset’s potential.

With its robust performance and growing interest from institutional investors, MicroStrategy is well-positioned to continue its growth trajectory. The company’s potential to become a key player in the digital economy is undeniable. As it continues to deliver innovations in business intelligence and cryptocurrencies, MicroStrategy is set to redefine the future of the crypto economy.

In conclusion, MicroStrategy’s pioneering role in the crypto economy, its unwavering optimism, and its impressive performance make it a company to watch. As it continues to navigate the evolving landscape with agility and foresight, MicroStrategy is poised to drive the crypto economy forward, creating value for its stakeholders and the broader community.

On May 30, 2023 The SiLLC Assembly has just announced a significant position in MicroStrategy Incorporated ($MSTR), the leading independent analytics and business intelligence company.

About The SiLLC Assembly (TSA)
SiLLC is in the business of creating and managing a large and diverse network of companies in AR, blockchain, digital assets, eCommerce, internet, metaverse, Retrotech, technology, and VR worldwide. SiLLC continues to capitalize on the numerous opportunities presented by emerging new mediums. SiLLC focuses on constructing a network of companies in advertising/marketing, AR, blockchain, content and community, eCommerce, energy, metaverse, Retrotech, robotics, technology, VR, and enabling technologies. With deep and broad management expertise, a tightly targeted strategic focus, an unparalleled track record, and a unique and successful investment model that demands and drives growth, SiLLC can truly claim to be creating .net value.

For more information, please visit https://www.sillc.net .

About MicroStrategy Incorporated

MicroStrategy (Nasdaq: MSTR) is the largest independent publicly-traded analytics and business intelligence company. The MicroStrategy analytics platform is consistently rated as the best in enterprise analytics and is used by many of the world’s most admired brands in the Fortune Global 500. We pursue two corporate strategies: (1) grow our enterprise analytics software business to promote our vision of Intelligence Everywhere and (2) acquire and hold bitcoin, which we view as a dependable store of value supported by a robust, public, open-source architecture untethered to sovereign monetary policy.

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Disclaimer
All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.

Ballard Power Systems Announces Cost Reduction Plan and Disruptive Manufacturing Technology for Next-Gen Graphite Bipolar Plates

[Preston, United Kingdom , crocon media , msch , June 12 , 2023] — Ballard Power Systems, a leading provider of zero-emission PEM fuel cells, has unveiled its ambitious plan to significantly reduce costs and expand production capacity for next-generation graphite bipolar plates. This strategic move includes the introduction of disruptive manufacturing technology that aims to revolutionize the fuel cell industry.

The announcement comes as a natural progression following Ballard’s successful completion of two critical milestones: the development of thin flexible graphite bipolar plates and the expansion of its membrane electrode assembly (MEA) manufacturing capacity in Canada. As part of Ballard’s ongoing “3 by 3” stack cost reduction program, this project focuses on addressing the substantial cost associated with bipolar plates, which is the second-largest expense after MEAs in a fuel cell stack.

By implementing advanced plate manufacturing processes and incorporating new, lower-cost material suppliers, Ballard anticipates cost savings of up to 70%. These savings are expected to be realized following the commissioning of the project, which is slated for late 2025.

Ballard’s next-generation thin flexible graphite bipolar plates are designed to significantly reduce material usage while enabling high power density stacks. This feature is particularly critical for heavy-duty mobility applications where durability, reusability, and power density are paramount. Furthermore, graphite bipolar plates offer the added benefit of being the most cost-effective option at current and scaled volumes.

Beyond the cost savings associated with this project, Ballard’s plate manufacturing capacity is expected to increase approximately tenfold. This growth will be accompanied by improvements in graphite and resin material yield, as well as reduced production time. The company has also developed innovative manufacturing processes that enable full automation of bipolar plate production, resulting in enhanced quality throughput, reduced energy consumption, and the elimination of water usage. These advancements are poised to be replicated in any future expansion of Ballard’s global bipolar plate production footprint.

Mark Biznek, Chief Operating Officer of Ballard, expressed enthusiasm about the project, highlighting the economic and environmental value it brings. In addition to reducing costs and improving customer economics, the project aligns with Ballard’s commitment to sustainable practices by significantly reducing energy, water, and material resources.

Lee Sweetland, Vice President of Transformational Projects, emphasized the positive impact of the company’s previous cost reduction efforts and their contribution to the development of flexible graphite technology. By investing further in next-gen manufacturing processes, Ballard anticipates an additional 70% cost reduction for its proprietary bipolar plates, aligning with the US Department of Energy’s target of $5/kW for the bipolar plate.

Ballard plans to invest approximately $18 million in bipolar plate manufacturing from 2023 through 2025. The expected spending for this project in 2023 was already accounted for in Ballard’s capital allocation plan and does not affect the company’s planned capital expenditure for the year.

As a leader in fuel cell technology, Ballard Power Systems continues to drive innovation and sustainability in the industry. With its cost reduction plan and disruptive manufacturing technology, the company is poised to strengthen its position in the market and advance the adoption of fuel cells for a more sustainable future.

Note: This article is for informational purposes only and should not be considered as financial advice. Please conduct thorough research and consult with a professional before making any investment decisions.

Read the original press release : https://www.newswire.ca/news-releases/ballard-announces-plan-to-scale-production-amp-reduce-costs-of-next-generation-bipolar-plates-856089473.html?fbclid=IwAR0rlLUMjPyUkfI4s1JYYbncvC1k5dujL7RpWwTs4L-GYbtRMptv9tFmMqU

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Disclaimer
This article may contain forward-looking statements that are subject to risks and uncertainties. Readers are advised to refer to Ballard Power Systems’ most recent Annual Information Form for a detailed discussion of potential risk factors that could impact the company’s future performance.

All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.