Verditek Share Discussion Threads

[dubois] 26/8/2021 08:12

astra, you cook be right about TB, who knows.
Not the best results but I do understand their new way of playing everything down. They are selling more now than the results suggest.

All we can be certain of is that as a company we will go one of two ways. Only time will tell

[32campomar] 26/8/2021 07:19

Yes, not a good read. 1.2 million loss in last 6 months and paltry 105k revenue.Only £900K left as at June 30th.The only conclusion from yet another set of dreadful results is another placing is needed and pretty soon. And that's not going to be easy to get away.

[ddt1455] 26/8/2021 07:15

And someone dumped 6.3m shares after market close yesterday. I hope someone will investigate that. Feels like insider trading. Definitely needs more funding

[astralvision] 26/8/2021 07:11

Interim results out£100k sales, lost c £1.2m.No figure for sales pipeline, just 'hope'Cash c £900k plus £100k post interims so call it £1m cash end of June.They are going to have to raise more cash in the next few months as they are losing c £200k a month.October for fund raising? That's going to be a tricky one. Sounds like a deeply discounted funding in the near termimo.

[astralvision] 17/8/2021 16:02

It's given up a chunky bit of that rise.Wonder what that was all about, momentum traders hitching a ride ? It doesn't seem like there was any solid news behind the rise, or perhaps there was an order and they lost it?All a bit of a mystery!

[woopie] 11/8/2021 17:15

Thanks Dubois missed it. It's possibly the Thailand market but Verditek not looking very price competitive with the Chinese version which are latest generation high efficiency ie work very well partly shaded.These Flexi panels have been available for a while.I have a small position in Verditek.It would be nice to know more about their products and if they have a USP

[dubois] 11/8/2021 15:09

Woopie, it's say "Verditek flexible panels" under the add to cart button

[woopie] 11/8/2021 13:57

Dubois the panel looks very similar to ones I sourced about 4 years ago in UK for my boat Chinese manufacturers Friendly Green Giant price worked out at £1 per watt price has since increased post brexit falling pound.Question is are these Verditek panels Could not see manufacturer on the link.

[dubois] 11/8/2021 11:28

This is panel for sale online form a Thailand based Octopus Electrical Services.



Cost comes out at £2.28 per watt (£608 per panel).

[dubois] 10/8/2021 09:28

I agree and there have been some big buys of late. An update giving us a clear direction can't come soon enough.

[astralvision] 10/8/2021 09:23

I still wonder what was behind the recent 100% or so rise. One would think something specific was driving it. It clearly wasn't the rather lacklustre crowd funding results.

[astralvision] 10/8/2021 09:14

Long way to go!

[dubois] 10/8/2021 09:05

astra, you and I should fly out to RR and find out the truth. lol

[dubois] 10/8/2021 09:03

We are not relying on them anymore. We are a different business.

[astralvision] 10/8/2021 09:01

Yes, interims should be illuminating.But we do know we've not had one single order so far this year worthy of a RNS.That does not auger well.

[dubois] 10/8/2021 08:54

astra, you could be right and so could I. I think we are both stuffed until we see the half year and find out exactly where we are.

[astralvision] 10/8/2021 08:46

They would need so many small orders to make a dent in that cash flow, logic tells you that it's just not happening. Yes, they are picking up a few order here and there for a few KW. But they need to be doing MW quantities. 1MW would be 250 of these smaller 4KW orders, that's what they need to do every month and more. That's not happening otherwise they would have told us.Indeed, the company has effectively said no substantive sales this year and into 2022.From the AR:The Group's historic strategy has been to identify early-stage business opportunities in the clean technology sector, invest in them and see them through to commercial success. Whilst this remains the Group's objective most of 2020 was spent moving from the research and development phase into pipeline building for the Group's solar opportunity. This is likely to be the case for the rest of 2021 and into 2022.

[dubois] 10/8/2021 08:40

astra, I still think they have moved away from one off large orders to lots of small orders. I've been there and got the tee shirt. These large orders are very good providing you can get them rolling in every week. That has proved not to be possible. Selling smaller orders is a lot easier and it generates more publicity within the market. Small orders obviously do not need RNS's. The last thing Verditek want to do is put out news that could be mis-interpreted by TW. Remember, he is still waging war on Verditek.
We are obviously not out of the woods yet, but I'm convinced that company wise, we have moved to a far better place than we were this time last year. Only time will tell.

[astralvision] 10/8/2021 08:36

At last years cash burn rate of £225k a month the money raised from the crowd funding gives them about 6 weeks worth of running costs.Stand by your beds for further cash raises, imo. After last years debacle they will struggle to get any equity based cash raise over the line, unless deeply discounted.All imo.

[astralvision] 10/8/2021 08:32

amch They had £1.7m at the end of last year.Last year the cash out was £2.7m. We're now 8 months into this year, there's going to be precious little of that £1.7m left, hence why they went down the crowd funding route.The crowdfunding was only a limited success, raising c £350k against a target £250k-£500k.The problem is there are no substantive sales, indeed VDTK said that they are going to be 'pipeline building' for the rest of this year and into 2022. That's sales speak for no sales on the horizon, other than a few tiddly roofing jobs, and we've kicked the can down the road into 2022.

[aja2] 10/8/2021 08:16

'This platform is set to initially raise up to GBP500,000 from interested individuals and has already a commitment of GBP250,000' To me that says we're looking to raise more than 500k but we'll see how this goes first.