Australian (ASX) Stock Market Forum

Ideanomics Inc. - Nasdaq: IDEX

Joined
30 July 2011
Posts
5
Reactions
0
I'm in for long. Doubled my portfolio. Why? This is quoted from one of the traders:

1. Ideanomics has large orders to supply EV's in China now and in the future. Some people think its just a car dealership. You are always asking what do they make? What did Jill Babes make back in the day? He took a disk operating System from innocent techies and put his name on it and got banks to support him. You don't need to manufacture anything to have your tentacles around the world. Guess what Babes is doing now?
2. They own an influencer company. Do you think it is just by chance that they mention their own "branding"? No doubt IDEX have plans to have their own brand eventually. No doubt they have the opportunity to use all their influencers to make their brand recognised in China if they want to - just like they are going to do in Malaysia with their own EV bike brand.
3. There are so many smaller struggling EV companies in China. All of them want to win. What IDEX is doing doesn't depend on that like TESLA or NKLA or those other companies . They have contracts to supply. What is important for them is that they don't fail on the contracts and lose money on performance bonds.
4. As demand grows, companies will fail to keep up with demand. They will fail on deliveries. If you have a contract to supply these vehicles, you can't rely on one company to fulfil the orders.
5. Nobody knows exactly where the trend is going. Yes there is an EV boom but there is also a possible Hydrogen Vehicle boom in Asia. Hydrogen/Battery hybrids so watch out for Toyota and the Japanese who are pushing H2 hybrid vehicles.
6. "Green" vehicles of the future are all acceptable in the contracts that IDEX will get now and in the future to comply with the Blue Skies mandate in China. IDEX are not hedging their bets on one company or one technology to supply them. They are able to chose. Notice that in their recent orders some of them were H2.
7. This is all happening so fast, no one manufacturer can keep up. The chinese never stop working and you can count on that.
8. What is the FINTECH? Ideanomics have already been helping banks and that is another story. They can bring this tech into their EV business. Think of Paypal, think of Wechat Pay.. think of Uber and Grab .. Companies that get their hooks and take commissions off every transaction are winning. Do you think Ideanomics know how to do this? Of course - they are bankers as well.
9. Being bankers they will know how to get money from other bankers. What is Fintech ? Finance and technology!
 
Joined
13 July 2014
Posts
187
Reactions
2
In addition to what is mentioned above, Black rock inc owns over 4 millions plus shares and other big names are involved as well. Heres the link:
https://fintel.io/sob/us/idex


NOTE: From Seeking Alpha - Damien Robbins Article - July 6, 2020

https://seekingalpha.com/article/43...back-short-selling-reports-and-positive-signs



Institutional Investors Buying

On the other hand, Ideanomics has seen institutional investors recently adding to their positions throughout the first quarter, a sign of positivity in Ideanomics’ business, seen through filings in May and June. BlackRock owns over 4.6 million shares per its May 1 13F filing for March 31, adding 2.1 million shares since its prior 13F. Citigroup (C) added 20,000 shares to its 9,000 share position, JP Morgan Chase (JPM) added 115,000 shares (to its already held 64,000), and BNY Mellon added over 100,000 to its 170,000 share position. AIG (AIG) doubled holdings to 60,000 shares and Goldman Sachs (GS) up to 110,000 shares.

iShares showed increased positions in multiple of its funds in N-PORT filings: Russell 2000 Growth ETF (IWO) doubled its position, up to 844,000 shares; Russell 2000 Value ETF (IWN) doubled to 100,000 shares; Micro-Cap ETF (IWC) doubled to 226,000 shares; Russell 2000 ETF (IWM) increased by 650,000 shares to a holding of over 1.8 million shares. The Fidelity Small Cap Index Fund (FSSNX) had increased its 260,000 share position to over 610,000 shares, reported on June 17. State Street Corp added 400,000 shares to its holding, bringing its total shares under ownership up to 1.4 million. The Schwab Small-Cap Index Fund (SWSSX) doubled its position to just under 220,000 shares.

These institutions don’t have holdings in just every company – they have criteria to meet within investments in order to meet the objectives of the fund/index. If there was any hint of shady business tactics, potential fraud, or credibility from the recent short reports, the institutions would not be holding. And not only have some of the largest institutions added Ideanomics to their portfolios, but have added to positions significantly from March to April, before the rally in shares and recent news reports. With BlackRock and iShares having multimillion share positions, it signifies a certain level of belief in the future prospects of the company – even though the respective percentage of the positions relative to total holdings is extremely small, position size is still growing. "
 
Joined
13 July 2014
Posts
187
Reactions
2
"The global electric vehicle market at $39.8 billion in 2018 is projected to reach $1.5 trillion by 2025. Units sales are anticipated to reach 97 million vehicles worldwide by 2025. - Wintergreen Research Inc.


Ideanomics Reported Q2 Revenue of $4.7 million and Forecasts Quarter-over-Quarter EV Sales Growth in Q3 and Q4 2020


September 2020 - There are many investment opportunities for investors who want to capitalize on the growing EV industry. Leading the way is Tesla (Nasdaq-TSLA) who has seen tremendous amount of market attention and share appreciation in 2020. One company that is doing creative business in the EV sector is Ideanomics Inc. (Nasdaq-IDEX).

Ideanomics current focus is on commercial electric vehicle acquisitions and assisting commercial fleet operators with transitioning from their gas & diesel fleets through a procurement, lease financing, insurance, government rebates and subsidies, battery purchases and prepaid energy supply process and therefore providing “End to End” EV services.

Ideanomics names their platform “Sales to Financing to Charging” (S2F2C) business model.

Commercial fleet vehicles include heavy- duty trucks, logistic vehicles, buses, taxis, couriers, and the like.

China currently has an estimated 11 million heavy- duty trucks and off-road vehicles, 14 million delivery vehicles, 1.6 million city and tourist buses, 1.2 million taxis/ride-sharing vehicles, and more than 100,000 gas stations which are going to be converted into battery charging stations.

Ideanomics is doing business with these Chinese commercial fleet operators and is providing EV acquisitions, wholesale and pre-paid electricity or discounted access to Ideanomics’ preferred partner charging stations, which will be a recurring revenue stream for the Company.

Ideanomics established a new division named the Medici Motor Works to manufacture and sell EV Trucks, Vans & Bus into North America and other parts of the world.

To operate successfully in China Ideanomics has Chinese American entrepreneur billionaire Dr. Bruno Wu, who is the Chairman of Ideanomics who owns a 19% equity stake in the Company. Dr. Bruno Wu’s wife, Yang Lan, is a high-profile Chinese media personality who is often referred to as the Oprah Winfrey of China.

Vice Chairman Mr. Shane McMahon owns 4% and is from the multi billionaire American McMahon family which owns World Wresting Entertainment. (WWE)

Ideanomics recently reported Q2 revenue of $4.7 million, up from $378,000 in Q1. The Company ended the quarter with reducing its debt by ~ 50% and US$36.4 million in cash, which it says could be used for acquisitions later this year. IDEX called the second quarter its best mobile energy results since moving into electric vehicle sales. Further, Ideanomics forecasts quarter-over-quarter growth in Q3 and Q4 2020.

Another important component of IDEX’s future growth will come from its 51% majority ownership of Treeletrik, an approved electric vehicles manufacturer and distributor for Malaysia. As Treeletrik expands its product line to electric vehicle E bikes, mopeds, cars, and light rail cars and serving the 650 million people in the ASEAN region which includes Malaysia, Cambodia, Vietnam, Philippines, Indonesia, Laos, Singapore, and Brunei.

As the global EV sector continues its current growth trajectory with China being the largest EV market in the world, making up 57% of the global market as of April 2020; along with a market cap of $250 M and strong institutional and fund ownership with shareholders like BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, and Fidelity, Ideanomics is well positioned to take advantage of this growth and capitalize on the EV market and provide investors with an opportunity for significant ROI.


Ideanomics Inc. (Nasdaq-IDEX) End to End EV Solutions


Revenue of $4.7 million Q2 and Expects Quarter-Over-Quarter Growth in Q3 and Q4 2020



557 EV Units Processed at MEG EV Center in Qingdao for July & August an Increase from Q 2


China is already the largest EV market in the world, making up 57% of the global market as of April 2020.


Ideanomics reported $4.7M Q2 in revenues in August. Most of the performance and growth of the company was brought about by the EV sales business of MEG, a Chinese subsidiary of Ideanomics.


Proactive Investor CEO Interview

Sept 17, 2020





Ideanomics Revenue Streams


Commercial EV Sales

Lease Financing – Sales

Qingdao EV Hub Sales

Medici Motor Works Trucks, Vans & Bus Sales

Treeletrik E Bike Sales




Energy Sales

Prepaid Electricity Commercial Fleet Sales

EV Fast Charging Network Sales

5G Smart City Energy Sales

Electricity Debit Card Sales (with China’s Union Pay)




Share Structure August 4, 2020


Market Cap $389,177,181

Outstanding Shares 237,303,159

Restricted Shares 73,424,144

Unrestricted Shares 163,531,862

52 Week Hi-lo $3.98-$0.27


Major Institutional Ownership: BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, Fidelity


Symbol: IDEX: Nasdaq

www.ideanomics.com
 
Joined
13 July 2014
Posts
187
Reactions
2
Ideanomics Reports MEG September and Q3 EV Sales Activity

New York, October 15, 2020 - Ideanomics (NASDAQ: IDEX) announced its Mobile Energy Global (MEG) division’s sales activities for the month of September and Q3 2020. For the period starting September 1, 2020, through September 30, 2020, MEG delivered a total of 423 units. For 3Q 2020, the period starting July 1, 2020, through September 30, 2020, MEG delivered a total of 626 units. The company also invoiced an additional 440 units in Q3, which are pending expected delivery.


“We are very pleased that our MEG business experienced sequential growth, month over month, throughout Q3, and the 440 units pending delivery gets Q4 off to a strong start. This growth, fueled by a combination of previously announced deals and new deal origination, along with improvements in our operational efficiency, helps us achieve our goals for 2020 and sets the stage for growth at scale going into 2021,” said Alf Poor, CEO of Ideanomics.


https://investors.ideanomics.com/2020-10-15-Ideanomics-Announces-MEG-September-and-Q3-Sales-Activity


About Ideanomics


Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Our electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as financing and charging solutions; we refer to this business model as sales to financing to charging (S2F2C). Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital provide our global customers and partners with more efficient solutions for a greener economy.


The company is headquartered in New York, NY, with offices in Beijing, Guangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.


https://ideanomics.com/
 
Joined
30 June 2008
Posts
12,924
Reactions
5,246
I thought this company looked very interesting but on closer inspection I think investors should reconsider.

In many ways it looks like another Nikola. A lot of pumping and creative license with new product.

 
Joined
12 January 2008
Posts
6,060
Reactions
14,574
I'm glad you saw the Hindenburg research. They may be right or they may be wrong but at least potential speculators are warned.
HR have produced warnings on a number of US companies. Most of them have a dubious Chinese connection.
 
Joined
13 July 2014
Posts
187
Reactions
2

“The EV Revolution”

"The global electric vehicle market at $39.8 billion in 2018 is projected to reach $1.5 trillion by 2025. Units sales are anticipated to reach 97 million vehicles worldwide by 2025." - Wintergreen Research Inc.​




US Election and the EV Industry


A team of Bloomberg New Energy Finance analysts, led by Aleksandra O’Donovan, shared some of their thoughts in a report that was published last week. “A Biden win, coupled with Democrats taking control of the Senate, has the potential to shift the trajectory of electric vehicle adoption for years while reversing some of the damage inflicted by the current administration.” Source: https://cleantechnica.com/


"To encourage EV adoption, the Biden campaign set four key targets: building 500,000 public EV charging stations by 2030, restoring the full EV tax credit, shifting government fleets to electric cars, and developing a new fuel economy target." Source https://www.investors.com/




Ideanomics Inc.

Reports $10M in Revenues in Q3



Revenues $10.6 million, an increase of 230% compared to Q2 2020 and 340% compared to Q3 2019



Strong cash position, finished the quarter with $27.6 million



Q3 revenues were supported by strong growth in the Taxi and Ridesharing segment



Strategic Investment into California e-tractor company, Solectrac, which services agricultural and specialty vehicle market



"We reported our third consecutive quarter of MEG revenue growth, and our pipeline gives us confidence that we can maintain this momentum through our product and service offerings and global footprint," said Alf Poor, CEO of Ideanomics. "The MEG division in China, Treeletrik in Malaysia, and Medici Motor Works and Solectrac in the U.S. are all progressing towards our objectives for the remainder of 2020, and into 2021 and beyond. Strong growth in our taxi and ridesharing business is continuing and we are beginning to bring other revenues online in Q4, including activity in the bus segment of our business."


https://investors.ideanomics.com/2020-11-09-Ideanomics-Inc-Reports-Q3-2020-Financial-Results


Institutional and Fund Ownership
- BlackRock, Vanguard, State Street, Charles Schwab, Barclay's, Fidelity


Symbol: Nasdaq - IDEX







About Ideanomics




Ideanomics a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and fintech products. Our electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as financing and charging solutions; we refer to this business model as sales to financing to charging (S2F2C). Ideanomics Capital provides fintech services that include intelligent and innovative solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital provide our global customers and partners with more efficient solutions for a greener economy.


The company is headquartered in New York, NY, with offices in Beijing, Guangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.


An American Company with a Global Footprint


https://ideanomics.com/divisions/mobile-energy-global/


To learn more please visit www.ideanomics.com
 
Joined
13 July 2014
Posts
187
Reactions
2
.... interesting comments ...

fyi, Ideanomics is a US registered and based company.

An American Company with a Global Footprint

https://ideanomics.com/divisions/mobile-energy-global/


Today business as usual IDEX just bought a $60M / yr revenue generating Property Tech company

Ideanomics Acquires Cash Flow Positive Timios

https://investors.ideanomics.com/20...ive-Agreement-to-Acquire-Timios-Holdings-Corp

The Big Wall Street Banker likes IDEX , why are they accumulating, what do they know that we don't ?

Morgan Stanley Holds 1,386,614 Shares Up +1,341.8% as of Nov 13, 2020

https://www.marketbeat.com/stocks/NASDAQ/IDEX/institutional-ownership/
 
Top