Verditek Share Discussion Threads

[dubois] 23/3/2021 10:02

I've now reduced my holding considerably. Time to move on. The idea is to make money and whilst I still think it may come good, I've taken the decision to try elsewhere.
Good luck everyone

[vatnabrekk] 22/3/2021 16:05

As astra suggested recently, perhaps the price is the problem.

[32campomar] 22/3/2021 14:14

Yes, another dead cat bounce. Another quarter draws to a close with nothing from the company. Putting on one side the lack of any new orders for months on end, the bigger concern is that not one of the delayed orders has come back to life. That for me is THE biggest worry of all, it suggests an underlying issue with the business model.

[dubois] 18/3/2021 14:27

A, I don't think we will see it. I've done dumy sells today on £,000's and they are happy to take them.
I'd like to believe they are making good progress and sooner or later they will announce it.

[a2584728] 18/3/2021 13:06

Will we see the usual retrace?

[dubois] 18/3/2021 09:54

Looking stronger today.
3 v 1 on level 2 and only 30k available at 5 then onto 5.2

[weyweyumfozo] 17/3/2021 17:56

Late trades:

Today: 1,350,000 @ 4.8p & 494,430 @ 4.877p
Yesterday: 1,350,000 @ 4.8p & 767,068 @ 4.9p

[dubois] 17/3/2021 12:20

I think everyone is sitting on the sidelines either waiting to buy in or to top up what they have. I think its a fair comment to say it wont take a lot to send it rocketing.
An update on:
1. Where we are with Paragraf. I presume we are into a third JV
2. What sales have taken place since the start of the year. There must be some to keep the factory open. They cant continue to store them forever.
3. The size of the potential sales pipeline. Surely £250m
4. What is the state of play with previously delayed sales.
5. Where we are with cashflow. I'm sure we have enough to take us through the summer.
6. What is our monthly cash burn now and when do they now expect to reach cashflow positive.
7. What is the strategy now for sales. Is it going to be further directly employed.

I'm, sure a positive reply to all those questions would put us back to nearly 20p

[naplion] 17/3/2021 11:13

I don't agree 1hicko ,, there was some big buys .. must be some news soon or some one is building a stake , the price is still holding today

[1hicko] 17/3/2021 10:30

I think yesterday's rise was due to nothing more than fomo , this company has had it imo , I held out then sold at a loss , but good luck all you long term holders

[dubois] 17/3/2021 09:30

normal trading day here. turned back and hopefully blue again by end of day.

Very little to say here at the moment.

[weyweyumfozo] 17/3/2021 08:54

There were a couple of decent sized late trades yesterday, which looked like buys to me.

[a2584728] 17/3/2021 08:36

Poised for another little bounce I think?

[dubois] 17/3/2021 08:12

Buys are below mid again.

[dubois] 16/3/2021 15:32

After last years fiasco of announcing orders that ended up being delayed/cancelled/Not paid for, hey are going to be ultra cautious this time round.
Remember, just because something is not RNS'd does not mean it has not happened.

[mcfly79] 16/3/2021 15:31

20MW looks very unlikely for 2021 given that they haven't had any orders.


If orders start to come in they won't need a fund raise imo.


At 31 Dec 2020 they had £1.7m in cash, no debt, and 1MW of finished panels in stock. That's over £2.5m of working capital, less the cash burn for Q1 2021.


They said they needed around £1.5m of working capital to fund 20MW of orders over the course of a year. They have this amount so could conceivable still produce 20MW over the coming 12 months (starting now).


Of course, all these calculations are meaningless unless they start getting orders.
Production has been reduced, pending orders, so cash burn won't be huge. Perhaps £2m a year of overheads in the absence of any orders. So, assuming no orders, they could last most of the year with the cash they have.

[astralvision] 16/3/2021 15:08

That 20MW was presented as 'base case' at the last funding round! LoL Don't think there's any chance of it now.5MW might represent a decent result?It's a lot better than the 0MW of last year.

[32campomar] 16/3/2021 14:41

I think 20MW is surely pie in the sky now isn't it? Assuming that target isn't met (and we are rapidly approaching the end of the first quarter) does that mean we will need another fund raise?

[mcfly79] 16/3/2021 14:33

Still around!


Things haven’t materialised how we were led to believe they would.


I certainly wouldn’t say I was confident, given the lack of orders. They just need to land orders!


If we get a decent order (being paid for in full and shipped out of existing stocks) then sentiment will change.


When I spoke to them as part of the last fundraise they said that their working capital model showed that they needed around £1.5m to fund the 20MW scenario for 2021. They still have sufficient working capital to turn things around and have a good year, if orders start to come in.

[32campomar] 16/3/2021 13:55

Nice to see you are still around! As someone who took part in both recent placings, are you still confident?

[mcfly79] 16/3/2021 13:28

Italian lockdown doesn't impact factories.