Verditek Share Discussion Threads

[astralvision] 30/6/2022 09:29

£100k sakes from last year, pathetic.I wonder what the sales are for the first 6 months of the year, no mention of that!Draw your own conclusions.

[astralvision] 30/6/2022 09:27

NickyI've experienced first hand the devious tricks VDTK get up to.How much cash have they got currently then if you reckon they've got the cash to exploit the roofing deal?When do you expect them to be profitable?

[astralvision] 30/6/2022 09:25

Nope, can't find a sausage to say what current cash balances are. Typical VDTK.They do say: 'There is a risk that the Group may need to raise additional funding in the next 18 months to fund ongoing operations, and therefore acknowledge that there is material uncertainty around going concern in this respect. On balance, they continue to adopt the going concern basis in preparing the financial statements.'If they go 18 months before the next funding round I will be amazed! Be lucky to last a year, more like 6-8 months, imo.

[nickyharvey] 30/6/2022 09:23

Usual knocking from astravision! Bottom line is, the company now has a fantastic collaboration in place with a proven partner and has the financial resources to exploit it.

[astralvision] 30/6/2022 09:12

Usual VDTK , release news, lure investors in then hit them with a discounted placing.Absolutely disgusting behaviour, obviously they new the placing was coming when they released the roofing news but they were happy to take investors for a ride, again.All exactly as predicted here.Have they stated what the current cash position is now? Might have missed it.The £1.5m won't last long.Also note the bonds have to be repaid next year. They've bought a bit of time, but serious commercial traction still looks some way away.

[nickyharvey] 30/6/2022 08:30

Absolutely.

[dubois] 30/6/2022 08:29

I'm sure this morning buying is still down to the tie up with Proton. They are a proven company with big T/O and sales staff that can obviously sell. This really could be huge for Verditek.
All Verditek have to do is produce the panels.
I can't see someone the size of Proton sticking their neck on the line unless they had done their DD on whether Verditek can produce the goods and also stand a good chance of being here in 12 months.

Probably the best thing that has happened to then since RR took over

[nickyharvey] 30/6/2022 08:28

I have no idea as to their personal financial positions but I believe that Gavin purchasing an additional 20m shares is significant.

[32campomar] 30/6/2022 08:19

What about the rest of the BOD's ? I wish you well, I'll be watching from the sidelines, they have much to prove.

[nickyharvey] 30/6/2022 08:17

.....including a main board director!

[nickyharvey] 30/6/2022 08:09

Really? From this morning's RNS, it appears some do!

[32campomar] 30/6/2022 07:59

Let's see. They still need to prove themselves & turn the talk into profits. We have had many many false dawns before. No one will trust them to deliver until they do.

[nickyharvey] 30/6/2022 07:57

Yes but we're funded now and can exploit the recently announced tie up with Protan AB.

[32campomar] 30/6/2022 07:09

There we go, as night follows day, huge placing at 1.5p.

[bobsworth] 28/6/2022 12:31

Spot on Mcfly79.

To quote yesterdays RNS: "Furthermore, at the request of Protan AB, samples will be delivered over the course of this month to 35 of their European sales representatives as they roll this product out across the continent."

That continent thanks to Mr Putin is desperate to switch to green renewable energy solutions. All bodes well if the product works as Protan envisages.

[mcfly79] 28/6/2022 06:21

The Protan JV is great news.


They will now have Protan’s sales representatives selling the integrated roofing across Europe. We could finally start to see large volumes of panel sales and the kind of figures that made many of us buy into the company in the first place.


Last year’s results due out in the next few days. I doubt that sales for last year will be large, but hopefully a good update on current trading.


On the going concern point. Potentially orders may now increase to a point where they are self funding (with upfront deposits on orders helping with working capital). But they may be required to just have similar disclosure to many other AIM companies. That the going concern status may be dependent on raising funds in the next 12 months.

[32campomar] 27/6/2022 21:32

I guess their biggest issue is getting it passed the audit as a going concern. They desperately need working capital that's for sure.

[supernumerary] 27/6/2022 20:10

It is good news, but if they finally have to manufacture and supply at scale, you can guarantee they'll need more money to finance it :¬(

[bobsworth] 27/6/2022 16:56

Excellent News! Just the news they need.

About Protan Group

Based in Norway, the Protan industrial group is a world leader in membrane technology.
Protan develop and produce membranes, roofing, ventilation systems and technical textiles. With more than 900 employees, 150 of whom are based at our head office in Drammen, the turnover in 2021 was in the excess of 180 million GBP.

[astralvision] 27/6/2022 10:53

Tend to doubt it ddt, volumes, spread all work against much manipulation in this stock. Surely easier pickings elsewhere.Assume this news is to soften up investors for the imminent results, which I think will be pretty awful.

[ddt1455] 27/6/2022 10:34

Just as I eluded on the 21st of June, once again looks like a few in the known managed to bring the share price down and now benefiting from nearly a 100pf increase since then. Unfortunately inside trading always exists but it sucks.

[meijiman] 27/6/2022 09:28

Can see why folk are sceptical. They have to get the results out pretty soonish!
But this is clearly a nice chunk of business to get...and there is enough to suggest it might amount to decent £s revenues.

[astralvision] 27/6/2022 08:52

Surprised they didn't get the results out first then issue this news.

[astralvision] 27/6/2022 08:46

It sounds good, but numbers needed.Otherwise another piece of news to raise funds .