Applied Graphene Materials Share Discussion Threads

[superg1] 06/9/2017 09:42

Jak

How much do you think they will need on the fund raise?

Its been big numbers in the past the last two were for expansion to 8 tonnes then expansion to 6 tonnes but it has more or less all gone on salaries and the expansion not done.

I think they started out with about £10 mill and the last one £8 mill.

As they have yet to announce that the kit works commercially there is obviously no point in expanding a system that doesn't work as they would like.

So what is the story going to be to probably the same backers. Money for expansion !!!

Been there done that twice and didn't do what they said they would do in either case.

What they need to do is get rid of a load go highly paid chiefs to get the salary costs down.

BTW I hear another graphene related company had 7 redundancies in one part due to a lost order. No news all all on it, so they best not use it as an excuse if relevant in results.

[superg1] 06/9/2017 09:34

All in good time Jak. No one can fight what I have.

The rule is just let them dig a hole so deep there is no escape. TW has his hands full re ZAI and I'll be watching for the outcome of that with interest.

This issue here won't be going away. Either it gets dealt with or efforts will be made to get interested parties to deal with it.

[phoenixs] 04/9/2017 16:28

I wonder if the FCA are doing anything about this company yet?

[phoenixs] 17/8/2017 09:14

JakNife, I presume that "JM" must be the CEO of AGM.

[superg1] 16/8/2017 20:23

JM

I can not believe how naive you are. I wish I could say more but would not want to jeopardise anything that may be going on.

Unbelievable. Are you really that stupid?

[superg1] 13/8/2017 07:32

Good to see this share price is going where it should go based on the apparent situation of the tech.

The bad is that 2 months on since I put the header in that the company and Nomad have not released news to counteract the above or confirm the points.

A matter that needs addressing imo considering the share price has dropped from £2.15 to £1.33 since I started the thread.

It's now H2 of course and with AGM's cash burn rate they need a wedge load of cash to carry on for the next year. Salary costs look over £3 mill per year.

They could of course reduce costs by getting rid of a load of those well paid staff.

On top of wages they need to cover 'expansion'.

On IPO they raised cash for expansion for 8 tonnes and didn't do it. last time around they raised funds to expand to 6 tonnes and to date haven't done it.

Cash in the bank 31st Jan £5.6 mill with a run rate of over £2 mill for a 6 month period.

As we are in August if sales haven't been high (they said they expect limited sales) then the cash will now be below £4 mill so they don't have enough to run for 12 months from now.

My guess is the share price will keep its trend as the company moves towards a fund raise.

Hopefully funds have caught on and will question the tech and what happens to the funds raised before as they should now have capacity of 14 tonnes.

Imo as detailed in the header, ignoring any unreported changes, the tech does not work anywhere near what they try to suggest and that is why it's pointless scaling it up. Scaled up doesn't work it seems which is a current problem with many CVD type processes.

In the last fund raise they went for £10 mill at £1.75. It seems they won't get £1.75 this time with more room to slide. With the apparent failure (if funds are aware) I imagine discount will be called for on any funding.

£10 mill now looking at the M/C is a 33% dilution.

What next for AGM. An RNS to fess up making clear the apparent tech issues and false news? We'll have to wait and see.

[superg1] 08/6/2017 11:57

It depends on your view, yeah trading fine on tight but the business hides a serious problem.

If they don't fix it they either need a new business idea or eventually it looks like it will fail.

The issue with AGM is not widely known just yet.

[andycapped] 08/6/2017 09:04

Tiny volumes being traded. No cause for alarm.

[superg1] 07/6/2017 18:30

No one here ob I take the retrace to be due to the climb, but seems to have coincided with the full info being up there. Just my opinion here on my findings about the company, the tech doesn't work scaled up as far as I can see. Then when you have misleading news how can you then trust anything else they say.

I don't know anyone with a position and will stay out of it.

To me there has been some misleading info put out this company in my opinion and I'm not convinced all involved know the potential issues. All I'm doing is making people aware by various means.

For me it's a big red flag shorting any company that appears to put out BS news. While you may know its BS who knows when the next BS will come via an RNS and have the herd buying.

You just have to look at CTAG and various other AIM examples in recent years.

DYOR

[obbig60] 07/6/2017 17:02

Your new thread seems to be working already SG. ( -17% today ). Pity I didn't have the foresight to put a short on!

[superg1] 07/6/2017 10:22

BTW

After comms with city connection last night I've decided to give the Nomad the benefit of the doubt on complicit. I know from previous shares they often know every little about the companies they cover and this is a new sector well beyond their grasp.

So I've decided on comms with the nomad is the way forward and have pointed to the header.

I'll leave the nomad comments in for now.

[phoenixs] 26/5/2017 08:38

is there anybody there, Amazing really, ask a few questions no response. Obviously hiding something. Incompetence? Lying?

So added to what I think are incorrect statements made in a rns, claims of GNP production appear to be years away IF at all. Wow what a ballsup.

[superg1] 25/5/2017 13:31

Yes

Trademark launch of an unproven years off product yet the GNPs they claim to be able to produce but CAN NOT, has no name, no trademark, nothing.

Well I have now found out why and what is the matter with the tech and why AGM lie.

:-)

[phoenixs] 24/5/2017 10:50

Just seen the rns.
Can someone please tell me as to why there has been an rns? Trading update? Sales forecast to be £0.3m does not merit an update.
Also the accounting looks to be wrong. There appear to be anomalies in what is being stated. Last year they had cash in the bank of £7.7m, they forecast a loss of £4m, revenues of £0.3m and yet they forecast cash in bank of £4.5m. By my reckoning the figures they have quoted mean that they will only have £4m in the bank which means that they will not be ahead of forecast.
Am I missing something??

[wasteof time] 24/5/2017 10:14

what a load of bs! 2015/16 ebitda -4.2m cash at bank 7.7m
interims 2016/17 ebitda -2.0m cash at bank 5.6m
finals forecast 2016/17 ebitda -4.0m cash at bank 4.5m
Where does £0.5m extra in bank come from??????? (sales/revenue 0.3m)
I think that this lot are having a laugh. Either trhey cant add or theyre not telling the truth. Load of Porkies me think,

[timbo003] 21/4/2017 16:31

See article/pod cast below (active link) from this week's Investors Chronicle