Share Name Share Symbol Market Type Share ISIN Share Description
Verditek Plc LSE:VDTK London Ordinary Share GB00BF2C0424 ORD GBP0.0004
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.50 0.00 07:30:16
Bid Price Offer Price High Price Low Price Open Price
2.40 2.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy -1.86 -1.00 9
Last Trade Time Trade Type Trade Size Trade Price Currency
10:29:47 O 19,402 2.60 GBX

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Date Time Title Posts
24/6/202110:52Verditek- Transforming Solar Energy4,550

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Verditek Daily Update: Verditek Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker VDTK. The last closing price for Verditek was 2.50p.
Verditek Plc has a 4 week average price of 2.35p and a 12 week average price of 2.35p.
The 1 year high share price is 18.75p while the 1 year low share price is currently 2.35p.
There are currently 341,172,443 shares in issue and the average daily traded volume is 2,098,844 shares. The market capitalisation of Verditek Plc is £8,529,311.08.
chawkers: Dubois. It's true that I don't share your Panglossian view of VDTK.As one of the worst performing AIM stocks in 2021, it would seem that the market is similarly sceptical.Whether VDTK thrives or goes belly up won't ultimately be determined by the banter on this bulletin board by the likes of you or me but whether VDTK has a commercially viable product and the management capable of selling it and generating revenues and profits. Since its IPO in Aug 2017, VDTK's track record has been truly abysmal and the company has regularly mugged investors. However, ultimately it's your money, and if you think VDTK is a great investment and orders are about to flood in, that is your decision.
chawkers: YTD VDTK are 718 out of 721 AIM listed cos in terms of share price performance. Yet the BOD brazenly soldier on as if nothing is amiss. Donkeys led by Dinosaurs.
astralvision: Nowt wrong with the share price that one of those Paul Harrison videos wouldn't put right!He could tell us about how the Aussies are gagging for it, military, retail, you name it they want it! And graphene, well , we're talking propellers to jet engine. 40% efficiency, VDTK must be worth a £1bn, happy days!Just a shame PH tells such porky pies.Mind you, Rob is right up there in that department. There weren't going to be sufficient factories to churn out the volume of panels required, extra factories in Australia, Italy. Now you could make the years production in your back shed!Only thing that surprises me is the shares ain't sub a penny.
chawkers: Superg1 - I don't know whether you are correct about the IP infringement. If this was the case I'd be surprised that MB hadn't launched an IP infringement case against VDTK. You may be aware of DAS Energy which is suing Sunman for IP infringement in their eARC panels - interesting this hasn't stopped Sunman from selling their eARC panels into the market.So I very much doubt that IP issues are behind VDTK's inability to sell their panels. I suspect there are a number of issues including uncompetitive pricing, ineffective sales and distribution channels, lack of relevant certification for some of the target markets and the upfront payment structure for the panels, which potential customers such as BTMNs are unwilling/unable to pay either because they don't have the cashflow for upfront payments ( they are hold miners) or they can't access lease financing ( which is available to many purchasers of traditional solar panels and helps defray the panel cost over the life cycle of the product). VDTK is also massively under capitalised vs its competitors (Maxeon/Sunman) and the track record of the BOD over the last 4 years is utterly shambolic.Of course Covid19 hasn't helped, but for VDTK to pin all the blame on their current predicament on the Covid19 pandemic is, I think,being somewhat economical with the truth!
horseposture: I see Maxeon has a share price closely resembling VDTK. I don't think VDTK needs to worry about them, they have so many problems of their own they will be finished long before a competitor has a chance to kill them. 1 --no prospect of any revenues. 2 --high cash burn. 3 --a relationship with a company called Paragraf who are now likely wondering exactly what VDTK bring to the party 4 --only a few months cash left. 5 --no appetite from shareholders to give any more cash. I am not short the name --I don't know if you actually can short it now. I was once a shareholder and amazingly got out with a profit. I just want to warn shareholders not to get too excited about this company because it does not like a winner to me.
chawkers: The IP ownership (VDTK don't have any IP!) is less of an issue for me than the content of the Paul Harrison vimeo interview from June 2020 which was one of the catalysts for last year's share price rally. The interview was given by VDTK's co founder and 2nd largest shareholder. I challenge anybody to listen to that interview and then ask themselves whether the BOD and management of VDTK have any credibility after what has actually transpired over the last 12 months.Then ask themselves whether VDTK have a snowball's chance in hell of raising more capital (unless at a hugely dilutive price) when the cash runs out. In the space of a year VDTK have gone from tweeting about the potential demand from 4,000 small mining companies and the 2GW offshore oil & gas mkt to a photo of a fledgling German yacht company (FlinSolar) trialling a handful of VDTK panels. How the mighty are fallen.
chawkers: For anybody contemplating taking a punt on VDTK at current bombed out levels I would advise doing your research first and asking the following getmane questions: 1) Who are the founders and BOD of VDTK and what (if any) experience do they have of solar panel production? 2) Why was VDTK originally establushed (as Greenflex) in San Marino and what (if any) connection did this have to evading EU import tariffs? 3) Does VDTK have any patented IP? 4) Listen to major shareholder Paul Harrison's ( ex CEO of Strategic Minerals 2012-14...) vimeo interview and forecasts in June 2020 and correlate with what has subsequently transpired 5) Check out the background of major shareholder Paul Celaschi (ex UBS trader) who sold VDTK stock in Oct 2020 - convicted of betting irregularities by the Jockey Club in 2013 6) Check out the RNS from VDTK's IPO in Aug 2017 to present and correlate with reported revenues 7) Check out predictions & subsequent achievements by CEO Rob Richards since his appointment as CEO in May 2020. 8) Examine VDTK's balance sheet and cash burn. 9) Check out VDTK's website and Twitter feed over the last 12 months and compare to competitors (Solbian/Sunpower). 10) Check out the website of Zero Watts Homes International and the prospective connection with VDTK. If after doing your due diligence, you believe VDTK is a great investment, good luck. But if things don't work out and VDTK are forced into yet another dilutive cash raise which may or may not be successful, then you have nobody to blame but yourself if things don't pan out. Of course, it's perfectly possible that VDTK may extract a rabbit from the hat before they runs out of cash in the next few months and that Cov19 vaccines enable 'normal business' to resume and delayed contracts to be sealed. However, the past 4 years suggest this is an unlikely scenario. Caveat emptor as the old saying goes!Setting up a new business is never easy. Success is never guaranteed even with stellar management, patent protected products ( aka a MOAT) and cash rich investors with deep pockets who can afford to keep the business afloat during troubled times. In the immortal words of Baldrick, all that is needed now is a cunning plan by the CEO and all will be well!
chawkers: Sunman appears to be doing better than VDTK but it does suggest that there is a mkt out there for flex SPVs AT THE RIGHT PRICE. The obvious differences between Sunman and VDTK are: 1) Sunman was established and is run by an industry veteran with 20 years+ experience in the solar sector. VDTK was set up by a group of ex investment bankers with limited experience of the solar sector. 2) Sunman has a JV in Australia. VDTK doesn't. 3) Sunman outsources production and focusses on sales & marketing with a large in house team. Verditek does the opposite. 4) Sunman is backed by the PRC Gvt and receives subsidies. VDTK doesn't. It is probably a fair assumption that Sunman is better capitalised than VDTK. 5) Sunman has established a brand (eArc), VDTK hasn't. 6) Sunman has sold over 50MW of flex solar panels, VDTK has sold none! Interestingly Sunman appears to be winning business in Europe and has recently appointed a distributor in Iteland. hxxps://
astralvision: The 'base case' presented by the brokers WHIreland was for 20MW of panel sales in 2021.Imo, this is already looking something of a forlorn hope and , in any case, may not even be possible if the sales were there as VDTK simply don't have the funds to finance that level of sales.At 20MW VDTK need to be selling 5MW every quarter. With 'Nul points' on the board so far that looks an uphill struggle. Best scenario is that the existing 1MW of stock is sold bringing in some much needed cash.If some level of sales can be obtained I assume the strategy is to try to ramp the share price up on the back of a few orders and do a placing off the back of that.The cash can then be used to restart/ increase production.Without a few decent contract wins then that avenue is a difficult one.I assume at some point the 'base case' 20MW will be downgraded to something more achievable. At least the comparables will look good this year, as can't get less than zero/minimal sales.Perhaps a more realistic aim for this year is up to 5MW panels sold and another large cash raise, that could be viewed as a success. 5MW would at least confirm there is a market of sorts for the flexible panels at VDTK's price point. Right now that question is open to debate. Nobody is rushing to buy flexible panels, I think VDTK's price point of three times the cost of conventional panels could well be the major sticking point.What do others feel is a realistic target for VDTK thud year?Multiple choice?0 MW5 MW10 MWMore and we're in fantasy land!GLA
chawkers: It will be interesting to see how the Paragraf JDP develops and how VDTK leverages GIPVs. There are lot of interesting questions. Will Paragraf produce the graphene wafers in house using a foundry and sell the cells direct to VDTK? Will cell production be licensed to traditional SPV makers and will VDTK take a cut of royalties? Will GIPVs be integrated onto Pe PVs to create a super efficient cell? Will VDTK allocate all their production to GIPVs? Will VDTK use the GIPV USP to create their own brand and leverage this to penetrate strategic markets? Will they set up a new company to focus on GIPV cell production similar to Maxeon which was spun out of Sunpower in Aug 2020? What efficiency levels will GIPVs achieve and the $64m question, when will GIPVs be commercialised? Will a SPAC target Paragraf/VDTK's graphene technology? Looking forward to getting answers to some of these questions in the Paragraf JDP update.
Verditek share price data is direct from the London Stock Exchange
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