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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Versarien Plc | LSE:VRS | London | Ordinary Share | GB00B8YZTJ80 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00425 | 4.09% | 0.10825 | 0.10 | 0.116 | 0.14 | 0.10 | 0.10 | 87,092,095 | 16:35:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Chemicals & Chem Preps, Nec | 5.45M | -13.53M | -0.0091 | -0.11 | 1.55M |
| Date | Subject | Author | Discuss |
|---|---|---|---|
| 19/7/2018 13:56 | hxxp? - don't know how that got there - apologies | anotherdrink | |
| 19/7/2018 13:51 | In summary podcast - focus on speed and execution (what I wanted to hear) ... never thought I would say bring back Justin! | mikebrenner | |
| 19/7/2018 13:51 | Scrutable Two reasons in my view why the company cannot publicly separate out Nanene sales :- 1 Most if not all sales are under NDA agreements. NDAs apply to both parties. Customers want to keep secret what they are up to, and VRS will want to keep its commercial dealings - including pricing - secret as well. That's why we have the NDAs. 2 We are only at the starting line so to speak with our new offerings - Nanene, Graphinks etc. Do you really think it makes business sense to release information that will enable potential competitors - and those who wish the company ill such as certain professional commentators - to know our pricing strategy? On a general note I've been through the accounts and I for one and very happy with where we are at this moment in time. It's just amazing to me what VRS has achieved over the past 18 months, and with such little money taking into account the potential opportunities are simply mind-boggling. And we still have plenty left in our piggy bank! So we can now look to the future on what is a firm foundation in terms of finances and offerings with the possibility that one or more major contracts are clearly on the horizon from what I can ascertain. Well done VRS. So after today's news and comments 'I can see clearly now' as the wonderful song by Jimmy Cliff goes. | vasilis | |
| 19/7/2018 13:49 | hxxp://www.voxmarket | anotherdrink | |
| 19/7/2018 13:44 | Firstly, I'm no accountant. But looking at the total liabilities - down to £4.475m (2018) from £4.789m in 2017 whilst reflecting on where we started the year to now having global collaborations - what an achievement in my book. Yes I know there's been a fund raise. You can now tell me where I am wrong! | anotherdrink | |
| 19/7/2018 13:42 | Can you please give us a few snippets ? | andymoore07 | |
| 19/7/2018 13:40 | good podcast... | club sandwich | |
| 19/7/2018 13:31 | ridicule - well the analyst presentation doesn't appear to have created any demand for share...? | club sandwich | |
| 19/7/2018 13:29 | Initiating coverage of Versarian: SELL By Cynical Bear | Thursday 19 July 2018 If you like this, please share this article using the buttons below Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. I’ve been following darling of the bulletin boards, Versarian (VRS) for some time finding the ever-increasing share price more and more incredulous. I thought I would use today’s results to take a closer look and come up with a considered valuation. In short, this appears to be the in the top 5 most overvalued shares on AIM – get out while the going’s good! With any business, it is best to start with management and that is where much of the value lies it seems to me with this stock, the CEO, Neill Ricketts. In many ways, he is the perfect AIM CEO; he is very active on Twitter and always keen to get news flow out, preferably with no numbers or names included. Let’s be clear though, that aside, I am unable to find any evidence from his track record that he is able to build a profitable business. Prior to setting up Versarian, he was head of the ventures arm of Elektron Technology (EKT) until he left there and set up Versarian, taking some of the ideas with him - although I note in today’s results that he appears to have given up on the thermal copper foam that was going to be the company maker back at the beginning. The beauty of running an “advanced engineering materials group” is that you can always go after the next magical golden egg, graphene being the obvious advanced material of choice for now. Again, this makes for a brilliant AIM story. Looking at today’s numbers, the business states that revenues have increased by 52% to £9 million an and losses before tax have decreased by 27% to £1.6 million. Cash as at 31 March 2018 of £2.3 million. That only tells part of the story though and one needs to break it down into its various parts to try to get a sense of value. Neill segments the business in two parts. First, there is the Hard Wear and Metallic Products that is predominantly made up of the Total Carbide business that Neill ran at Elektron and that he acquired from it when Versarian came to market in 2013. Total Carbide was acquired for £2.28 million. It is worth noting that in the year to 31 January 2013, Total Carbide had revenues of £3.8 million and profit of £56,000. Interesting to compare that to this year’s revenues of £3.2 million – doesn’t sound like a great growth story to me. The second segment, the Graphene and Plastics Product Division, is a bit of a misnomer as pretty much 100% of the revenue in the year has come from the plastics business acquisition of AAC Cyroma. It was acquired in October 2016 for around £2 million when revenues were £4.27 million. These have now ticked up slightly to £4.6 million. The rest of the report is all about graphene and although revenues are limited, there is plenty of information about the various partnerships. But how much are these words worth? Being generous, I will value the mature businesses at more than double what Neill paid for them, let’s call it £10 million. However, with the current share price still around 127p, that values the graphene side of the business at around £180 million. The IP for these businesses were acquired for less than £1 million and although there are a whole host of collaborations and partnerships, there is no current evidence of any of these turning into a profitable commercial relationship as yet. Accordingly, at this point, one needs to somehow assess the likelihood of Neill Ricketts translating these deals into cash but I can find nothing in Neill’s past to give me that comfort. Being generous again, I can envisage hope value of say £20-30 million so my conclusion is that I can’t really understand why this share is trading at over 30p! In addition, further funding will no doubt be required by the end of the year. As I said at the top of this piece, Versarian is the darling of the masses for now but unless real traction is generated on the graphene side soon, gravity will prevail as it always does in due course and shorting at anywhere near the current price looks like free money in the medium term to me. I await the bulletin board and Twitter backlash with interest. | dianecarberry | |
| 19/7/2018 13:28 | Scrutable - The Graphene industry is desperate for he first decent scale & repeatable Graphene sale anywhere on the planet - That is the real starting line - The runners are on that line - Sponsors (Govts etc) have put up the cash to let the games commence - The starting pistol is raised Its that close - We can feel it - Very possibly VRS will be the Usain Bolt of the forthcoming commercialiation stakes - Fingers crossed for a Gold medal or two each... | pcjoe | |
| 19/7/2018 13:27 | ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### ####FALSE NEWS THREAD ##### | a_game | |
| 19/7/2018 13:27 | Club your 21820 post. I am glad we agree. VRS is undoubtedly a very exciting company that I believe has been firmly underwritten by the appointment of Matt Walker. That was a game changer for me and, having hedged prior to Matt’s appointment, I am content to hold my 7 figure holding regardless of share price movement.When things happen, they will happen quickly and, I suspect with no warning. The 3-ton production capability announcement today confirms this assumption. It would have been nice to have been a fly on the wall during theanalysts meeting. | ridicule | |
| 19/7/2018 13:27 | Good to see that MW's 'hopes' are aligned with my own. And were it ever to come to pass, that would be more massive that Mr Massive when he's wearing his massive tartan trousers... | club sandwich | |
| 19/7/2018 13:19 | Belo is a false name for TW. Its well known on these BB. Just more evidence for the boys in blue watching closely this share and those involved in the shorting. | 1retirement | |
| 19/7/2018 13:12 | ⠠⠔
Foxtrot Foxtrot Sierra........sizzle | dreamtwister | |
| 19/7/2018 13:09 | dark - my take on that is that the Chinese contract(s), if and when they come, will be done through Hong Kong - no coincidence I think that that's the arbitration hub for the B&R project... | club sandwich | |
| 19/7/2018 13:01 | 'expansion into Asia through incorporation of an intermediate Hong Kong holding company' thought this interesting | darkdogs | |
| 19/7/2018 12:53 | chumbo Thanks for the correction. You're right. Its disappointing that we can see no direct figures for graphene sales alone. These unknowns together with expectations for the future, have to hold up the share price The remaining business of foam copper and carbide hardening metal was in the past not worth more than £10m The company desperately needs the first repeated commercial sales of nanene for anyone to make credible extrapolations and therefore assess the future realistically. Probably one credible contract will do the trick. | scrutable | |
| 19/7/2018 12:48 | It's WAY out! | woodpeckers | |
| 19/7/2018 12:47 | Oh, ok thanks belo, cheers matey. Have taken a note of the gospel according to some nobody called cynical bear and will make sure I keep reading his prophecies. Thanks again bellendo. | rocket fuel | |
| 19/7/2018 12:46 | Interesting chat between me and MW on twitter this morning... whatever other faults he may have (I'm not saying he has any, but I don't know him), like NR you sure can't fault his ambition for VRS... | club sandwich | |
| 19/7/2018 12:42 | ####FALSE NEWS THREAD ##### | tim3416 | |
| 19/7/2018 12:40 | Matt Walker was a cry for help. The graphene is still R&D. But you pays your money... The last para tells it all in my opinion. Eventually even the biggest fools see daylight. | belo horizonte |
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