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
  2.45 18.49% 15.70 7,994,122 16:23:10
Bid Price Offer Price High Price Low Price Open Price
15.40 16.00 16.25 14.45 14.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy -1.86 -1.00 46
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:13 O 100,000 15.40 GBX

Verditek (VDTK) Latest News (8)

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Date Time Title Posts
07/8/202002:14Verditek- Transforming Solar Energy1,228

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Verditek (VDTK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-06 17:06:1615.40100,00015,400.00O
2020-08-06 17:05:3514.90100,00014,900.00O
2020-08-06 17:02:2815.20100,00015,200.00O
2020-08-06 16:51:5215.45100,00015,445.00O
2020-08-06 16:19:2615.7649,8737,859.98O
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Verditek (VDTK) Top Chat Posts

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 13.25p.
Verditek Plc has a 4 week average price of 9.15p and a 12 week average price of 2.90p.
The 1 year high share price is 16.25p while the 1 year low share price is currently 1.98p.
There are currently 291,893,534 shares in issue and the average daily traded volume is 3,262,023 shares. The market capitalisation of Verditek Plc is £45,827,284.84.
enter: There's a definite attempt to drive this down. Nothing has changed from a couple of weeks ago when the share price was 50% higher. They have already invested in getting the factory and production lines ready for 20MW capacity. If Verditek started signing some big orders and they need more capacity they may need more capital but at that point the share price would be double or treble what it is now. I just wish people would wise up and stop selling because they are giving their shares away cheap.
74tom: Have to say I agree with Jaknife on this one, and the way the share price is being walked down is a classic sign of a placing being forward sold... Quite simply, if they want to expand rapidly, they'll want to have enough cash in the bank to ensure they can fulfil all orders, as well as market their product to new markets & grow their team... £1m raised at 2.5p helped them get started, but when the share price increased by 500% to 14p, it's too good an opportunity to pass up IMO. A very interesting company, and one I'd happily buy for the long term when they have more cash in the bank, but I've learned to be careful buying spikes like this when the company is under capitalised. Of course none of this is relevant for any long term holders, only those who are trading short term! GLA
jaknife: rogerramjett, Take a look further back and you'll see that I've been ob this thread a lot longer than that. I suspect that I've probably been on ADVFN before you were even born! BEAGRIE, 1. The accounts show that they had net debt at year end of £892k. 2. They have raised: A. £506k at 2.5p in March: B. £1m at 2.5p in May: C. Cash burn is difficult to forecast if they need to invest in capex for the factory and working capital but it was about £1.6m in 2019 and c. £2m in 2018. Say it’s half of £1.6m then the net cash position at end of June would be approximately minus £200k: ie starting net debt of minus £892k + £1,506k - £800k = -£200k (ie net debt) If they need significant capex to get the factory up and running then the position will be worse! Did you note the year-end balance sheet? Tangible shareholder equity was minus £365k! On the other hand, at the current 10p share price the mkt cap is £29m! JakNife
enter: Jaknife is trying to talk the price down for sure but that doesn't explain all the selling. We were motoring towards 15p a couple of weeks ago. Do they have to announce a new order every week just to keep the share price from crashing?
rogerramjett: Astral, Thanks. Fortunately i have several largish holdings. It was VDTK that was propping up my portfolio last few weeks. Now its everything else propping up the VDTK price. Learning to take the emotion out of investing. There was a reason that i invested in everything i have and until there is a fundamental change then i have to stay positive. Increased my risk and exposure today and have been feeling a little uncomfortable about it but can only hope that feeling will change in the long run.
enter: Very strange that you would be wishing someone luck who has just sold up roger. As a shareholder I would be wishing people good luck that have just bought the shares. As for the fall in the share price it seems well overdone. This will rebound soon in my opinion and people will miss out.
meaty: We might be saying the same thing here Rodge. I thought PH said an average market PE was 14 and vdtk on a 5p share price, as it was at that time, would have a PE of only 2 on base sales.My point was that at a share price of 12 ish now, our PE would be around 5, on base sales, therefore an easy double into 20's, for a 10-12 PE, for starters hopefully.Point being, plenty upside even on base sales.
mcfly79: A few thoughts on valuation now that we’ve been told they are expanding the factory to meet expected orders. Paul Harrison said that using just the base pricing and 20WM, produces GBP 6 million and a bit of EBIT. Knocking off corporation tax gives about £5m profit after tax. Using the UK average PE multiple of 14 would gives a £70m market cap, or a 24p share price. The Italian factory can be scaled from 20MW to 50MW. I believe this is by increasing the number of shifts, therefore no further capex or delays would be required. Looking at the results, the company has about £2m of overhead cost. Therefore I think Paul’s GBP 6m figure may be broadly £8m gross profit on panel sales and £2m of overheads. At 50MW the £8m gross profit becomes £20m. Knocking off the £2m of overheads and corporate tax gives about £14.5m of profit after tax. Apply a PE multiple of 14 gives a £200m market cap, or a 69p share price. This is all based on selling the panels at the base price, rather than a premium price for military, mining, or marine sales etc. Any increase in the panel selling price should fall straight through to the bottom line and have a leveraged impact on profits. Brochures on the Verditek website gives examples of £1.5/watt for a fully installed system. Sales of just the solar panels to EPC companies will be at a lower price and I suspect this is the price that Paul Harrison referred to as the ‘base’ price that gives the £6m EBIT. Specialist applications can charge a lot more. Solbian were recently discussed and they charge Euro 5.60-9.90/watt for their flexible panels for marine application. In today’s results Rob mentions expanding into verticals and securing orders at attractive prices. If Verditek can increase the average selling price by just 0.5 Euro per watt then the 24p share price at 20WM becomes 58p and the 69p share price at 50MW becomes £1.58 (20 fold from where we are today). They may be able to charge even more, especially for the camouflaged military panels.
astralvision: The video by Paul Harrison , one of the founders of VDTK is most interesting to put it mildly.It's on the MW site, so can't repost.MW advises caution, but this bit literally blows yer socks off.PH reckons that the Graphene Solar panels can roughly double efficiency, from around 20% to high 30's, low 40's. He goes in to say this will transform solar, going from propellors to jet engines. If he is correct re the efficiency then this is mind blowing , a world beater and worth an absolute fortune.Ok, the lightweight flexible panels have great potential but Graphene Solar could mean £'s for VDTK share price, imo.We're not talking years away either, PH reckons we should here more re commercialisation of Graphene Solar second half this year.This is fill yer boots stuff all day long.Stuff caution and wade in!imoGLA
32campomar: Yep. All the ingredients are there for a strong share price. Fully funded, new man in charge with excellent track record, share price on the floor, tiny market cap & a world turning away from fossil fuels. How often do we see investors piling in at high prices before the product is commercialised? If this was a buy at 10p when investors were piling in before there were buyers for the product, it's a screaming buy now at 3.5p. And don't forget, the director happy to convert his loan only 6 months ago at 8p.
Verditek share price data is direct from the London Stock Exchange
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