Verditek Plc

0.00 (0.0%)
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% 1.725 108,146 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.65 1.80 1.725 1.725 1.725
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Business Services, Nec 1.07 -0.99 - - 5.90
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 1,660 1.65 GBX

Verditek (VDTK) Latest News

Verditek (VDTK) Discussions and Chat

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Date Time Title Posts
29/5/202320:51Verditek- Transforming Solar Energy5,131

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Verditek (VDTK) Most Recent Trades

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Verditek (VDTK) Top Chat Posts

Top Posts
Posted at 17/3/2023 09:54 by supernumerary
Curious it's an RNSNON - does that reflect the lack of commitment from Lindab? Certainly price-affecting, even allowing for the movement before the news release :¬(
Posted at 19/1/2023 09:56 by meijiman
In theory it should be a decent story. Solar is a good area to be in and apparently VDTK has a decent technology offering with a focus on light weight which should be a market driver. But is accident prone and comms has dried up after one or two unfortunate releases.
Anyway you know all that. Very difficult to call really. Priced to go under and now recovery.....main concern is still probably balance sheet and funding.

Posted at 20/10/2022 12:14 by astralvision
have VDTK ever delivered on a single deal they've announced?
This lot have more U turns than Truss, and that is some record to beat!

Posted at 19/10/2022 09:52 by ddt1455
Has anyone ever done any research on Bradclad? Looks like a very small player to me and the fact that VDTK are no longer exclusive distributors is not a major disaster. They were never partners with Protan AB in the first place and never had an exclusive agreement with them; only a word of promise from Bradclad: would be interesting to know their trading volume with Protan; I bet it’s tiny. IMO VDTK should focus on getting their certification and products right and then set up sales/distribution channels. A company with sales of barley £200k and no justifiable USB shouldn’t even be worth £4m market cap and at the same time the news today doesn’t warrant a 40pc drop in sp: market makers having another field day.
Posted at 19/10/2022 09:10 by supernumerary
I wonder if they saw singer's post about certification and got cold feet? Some might think the account was set up - 04/10/2022 - for that very purpose.

Regardless, it's bad, and I can't see a way out for vdtk. I fear the liquidator's looming :¬(

Posted at 07/10/2022 16:54 by singer9
They are not even mentioning the fact it's over a year late from when they themselves stated they expected the certification. that means they're not telling anyone about what ever the problem is. Think that's easy enough to understand.

As far as one can tell - comms are a little opaque but that's usual for VDTK - it's the Generation 1.2 panels that have the problem and haven't been cleared for sale in the Eu or other major territories. The new panel is being developed but we haven't been told of that one even being submitted for certification yet so I think they're years away from any meaningful sales. Amazing that they can get away with the spin in the interims RNS and simply leave out such a crucial bit of information on current progress, or lack of I should say.

I think the Directors have the vast majority of the shares in this company so clearly believe it will come good at some point but the last two or three wishy washy RNSs leave me to conclude meaningful sales and revenue are probably at least a year away - and that's only if they can get the Certification to sell the G1.2 panels in the UK, Italy and Aus. One for the bottom drawer.

Posted at 06/10/2022 17:54 by singer9
VDTK have a serious problem with Certification that they're not telling anyone about. It's delayed now by over a year and it's to do with their products not being fire resistant. Means they can't sell in many territories. Game over for VDTK unless they can find a solution quickly but going by the fact the Board for the last 3 Results RNSs have just stated exactly the same thing ie Certification process is 'still ongoing' means they haven't found an answer to the problem yet.
Posted at 09/7/2022 08:44 by dubois
Stakebuilding in lightweight solar panels provider Verditek (LON: VDTK) has pushed the share price 38.2% higher to 2.35p. John Celaschi has gone from less than 3% to 8.34%. His stake had fallen below 3% in November 2020, when the share price was even lower. Gavin Mayhew has increased his stake from 7.94% to 10.6%. The share price rose 38.2% to 2.35p.
Posted at 30/6/2022 11:15 by astralvision
I expect the share price to slide down to the 1.5p placing price then gently head towards 1p as vdtk adopt their usual no news position, unless they want to raise cash!Of course, perhaps there's a mega initial roofing order in the wings, let's see.....
Posted at 30/4/2021 22:47 by 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!

Verditek share price data is direct from the London Stock Exchange
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