Verditek Share Discussion Threads

[dubois] 20/10/2020 08:16

Or be taken out

[vatnabrekk] 20/10/2020 08:13

With an MCAP of only £28M this must surely take a turn upwards soon.

[dubois] 20/10/2020 08:03

This drop is getting silly now.

[graham10k] 19/10/2020 20:22

Roger, i admire your conviction. I hope it comes good but the share price is showing signs of familiarity of so many other 'game changers'. I'm back in because having again watched the videos it's hard to dismiss the potential but it's uncomfortable seeing the share price distressed when supposedly there's so much hope. I just don't see the optimism you and others who profess their continued 'topping up ' activity see. Hopefully it works out but it seems I'm a gluten for punishment.

[rogerramjett] 19/10/2020 19:52

I am fully loaded in here. I have added a large chunk on the last dip. I dont like seeing the share price slipping back and live in constant hope that I will wake to a transformational RNS.

I have other investments that may provide some profits. Those profits will be going straight back into VDTK at these levels in addition to EQT which is bottomed out also.

Sometimes you have to look at these retracements as a bit of a gift. Its about timing and PF diversification. Some short term holdings retuning quick profits and filtering back into the longer term holds.

My post was feseatious and meant to point out simply that we have another down day. So what, VDTKs time will come. If you didnt like it Graham10k you wouldn't keep investing.

[shareman1111] 19/10/2020 19:14

Graham - a slight change sentiment will move this back towards all time highs in a heartbeat.....I bet it is 20p+ by Xmas

[graham10k] 19/10/2020 18:49

Sherman 1111, you're living in hope. Sadly I'm back in and already on the downward path. The company is so quiet and so many making excuses on their behalf that this does not bode well. I wonder how many recently on their soap boxes preaching this as a game changer are still holding on fully. I don't understand rogerramjet post 3022, there ain't nothing stonking here, just stinking! However, cash positive by Xmas says the man with the big white beard. Ho, ho, ho.

[shareman1111] 19/10/2020 16:50

Buyers will start to show up

[rogerramjett] 19/10/2020 16:34

Another stonking day! Cmosed back in single figures. Result !

[32campomar] 18/10/2020 17:53

Solar cheapest electricity in history.https://twitter.com/carbonbrief/status/1317846678163030019?s=21The momentum for solar solutions is unstoppable

[cyberbub] 16/10/2020 16:51

Good to know Scrutable, I assume you got that from the horse's mouth. I still suspect cashflow will be tight, but as long as money is flowing (and growing) then they have other options than a placing.

[scrutable] 16/10/2020 15:35

Thomas

A placing is unlikely unless sales dry up. Verditek takes 40% on order and a further 40% against delivery so earns a cash positive gross margin on every trade.

[meaty] 16/10/2020 15:11

Hopefully not yet inevitable but certainly becoming more likely by the day.

[ivor hunch] 16/10/2020 11:09

Patience! The new CEO has hardly had time to get his feet under the desk.

[thomas11] 16/10/2020 10:46

I think another placing is inevitable given the cash position of the company and the cash burn, as sales expand it will need working capital to fund this expansion. Hopefully be the last one though,it will be a good time to top up.

[dubois] 16/10/2020 10:05

double entry

[dubois] 16/10/2020 10:04

I've been buying right up until yesterday, but I have to say I'm getting a little concerned at the lack of solid news. Something is needed to confirm that sales are continuing and the company is still on the right track.

[cyberbub] 15/10/2020 23:09

I suppose ultimately if the renevue is genuinely starting to ramp up, but cashflow is lagging behind, they could probably arrange a short-term loan or overdraft (or even a director loan) for a few months. I've seen it many times before. The directors will not want to dilute their own shareholdings unless absolutely necessary.

[rogerramjett] 15/10/2020 15:55

I think that just another couple of Mw may be in order to achieve break even. If they can ship and receive full payment then a small placing may not be required to ensure cash flow into 2021 is not affected.

RR has always said they intend to be cashflow positive by the end of the year and he will be trying his best to ensure that is the case.

I am very disappointed by the constant slippage and erosion of the share price but it is again all over the markets. Thousand have been wiped from the PF because of COVID hysteria.

The world needs to not lose focus of climate change and it is companies like Veridtek that are assisting with the solution.

[cyberbub] 15/10/2020 15:00

PS I hasten to add that as long as they have sold around 4MWp + since June (and got the cash in) then they should not need another placing... The point is we don't really know...

[cyberbub] 15/10/2020 14:55

I think we just need more news about sales volumes. RNSes about selling a 1MW or 2MW unit are great, but we need to know that smaller sales are ongoing in the background. Perhaps a quarterly update on total sales volumes would be useful during this early ramp-up phase?I suppose there is a concern in the background that the company might need to raise some money one last time if sales are ramping up a bit slower than hoped. They had £0.6M in the bank in June, plus £0.3M from warrants, but admin costs are £1.6M p.a. so they only had enough cash until Xmas, unless they pass breakeven point from solar panel profits before then.

[stevieweebie2] 15/10/2020 14:37

Never known a share to give up gains so quickly, not I good sign I have to say.
very disapointing that the volotility is so hign here.

[astralvision] 15/10/2020 12:24

Itp Monts has posted a free article, which is fine by MW, provided the source is shown, so no problems

[1teepee] 15/10/2020 12:05

Michael will not be pleased

[dubois] 15/10/2020 10:21

Oh to be a fly on the wall in RR's office.
We know it will come but waiting has never been am enjoyable pastime