Versarien Share Discussion Threads

[serratia] 03/7/2017 14:35

COS £4.531m ,payables £2.726m - 220 days. Well done on getting good payment terms.

[daybreakers] 03/7/2017 11:38

Wrong company

[superg1] 03/7/2017 11:38

Has anyone listened to the directors talk interview plenty of mention about carbon fibre and other bits.

[luckyorange] 03/7/2017 11:12

Ooooh, there are some rude people about and don't they spout nonsense, naughty boys!

[superg1] 03/7/2017 09:58

Now you seem to have conveniently forgotten the AAC accounts are only for 6 months the full year will be about £4.5 to £5 mill.

Should the avatar not read Sour Gorilla, get over it. Your arrival on the year end news was fully anticipated.

Keep going fella it's all mounting up.

[smoothgorilla] 03/7/2017 09:32

Super

Your moving from a lemon to a moron.

£2.7m of creditors. <£6m of sales. COGs probably >£2.7m which means creditor days >1 year. What business has creditor days >180 days? Remember the Tesco scandal???

What do you not understand.

[daybreakers] 03/7/2017 09:27

Told y'all. Mcap grossly overvalued. My revised target 10p. Good luck suckers.

[smoothgorilla] 03/7/2017 09:24

super

Not quite sure what your on about but i'm very sorry that the facts in the numbers shatter your illusion. The words are very promising but the numbers paint a different picture. You really are a lemon.

[superg1] 03/7/2017 08:44

Are you back Keith how is Elektron going. I have you filtered so can't see the content. I should read it really to see if it breached market absue then ask the FCA to investigate you and what ISP address comes up etc which should link back to you.

Fancy the challenge.

[superg1] 03/7/2017 08:20

I know some would prefer lots of hype but for me on companies that makes me look deeply into them smelling rat and in most cases a nest of rats can be found. So I find it pleasant not to over-state things and then you are not over-promising that's why I call VRS a sleeper and unrecognised potential high value gem.

EG I see Nano have released news about a Samsung presentation.

IF VRS released such news going by names on recents visits it may look the same.

What if they said we are in talks with Samsung, Epson, Nokia, LG etc etc. That would set the bar high up with expectation that some of those talks to turn into deals. Then you have that nutty herd lot pumping it and a arch as time spins on and no deals. Often some can be just hanging onto one company not dozens of them.

Far better Imo to bounce along and if such a big name appears it catches the market completely off guard then any inflated share price is on the back of deals not anticipation of potential deals.

I know of 2, not tech companies and not in the ones I mention and they did over 100 billion revenue last year between them.

They are a good number of massive companies VRS are seeing interest from. All talks are worthless of course until any of then turn into JVs or deals, but there are a lot of them to work through.

[smoothgorilla] 03/7/2017 08:19

Guys

Ignoring the pomp and bluster of the words and focussing on the parts of the statement that cannot mislead:

Massive creditor stretch to preserve cash - increase of £1.7m. £2.7m of creditors, COGs of 40% means payment to suppliers >1 YEAR...YES 1 YEAR
Auditors not prepared to sign off accounts
Fundraise required or pop

[jointer13] 03/7/2017 08:05

nice

the future looks good


"Our graphene has been independently verified as being of the highest standard and we are seeing opportunities emerging in many different markets as a result"

[superg1] 03/7/2017 07:38

Stange

No claims of cash significantly ahead of expectations.

I thought that was allowed on graphene companies when it isn't :-)

BTW watch this space on that one.

[superg1] 03/7/2017 07:35

In VRS hype terms it looked quite upbeat and yes they could have made a lot more of the companies they are talking too I know many of them.

HOWEVER I know for sure they are building a reputation with the city and customers of a no BS approach and for that they are gaining great respect be it large global companies or certain fund managers.

They do what they say they will do.

As said AAC £2.1 mill to £2.5 mill for 6 months was previously reported as slight in the trading update but it's a near 20% climb.

On that point the cash circs at the year end left them as a going concern which is what they said when people were expecting a fund raise. The fund raise was to advance things which is what they have done.

ABS filament is interesting. If you look it up that's the stronger version of the 3D filaments PLA and ABS and they have enhanced its properties with graphene.

[luckyorange] 03/7/2017 07:28

Money in the bank too which should be added to as the year progresses with all of the big costs out of the way, a healthy report.

[phoenixs] 03/7/2017 07:27

Shavian agreed. Hype is for those that don't have a well run company and feel the need to try and impress the market and keep shareholders on board when not having substance

[superg1] 03/7/2017 07:26

I'm not used to news reading well. Always expecting for the BUT or HOWEVER which seems to be the case on the AIM.

One thing that surprised me was that they said in the trading update that AAC revenues were slightly ahead of expectations yet I think the full year for AAC prior was £4.2 mill.

So splitting that £2.1 mill and the revenue for 6 moths came out at £2.5 mill. If it carries on like that then it's a jump from £4.2 mill to £5 mill which is more than slight Imo.

Another example to show they don't like to overstate things.

Now if you peel back to earlier posts you will see I spoke to the AAC manager on the factory tour and he was expecting to hit £5 mill in the year ahead, so so far he is bang on.

AAC previously had been a sleepy company but still seeing climbing revenues. It will be more dynamic now. So it's looking like a useful addition.

Carbide also going back the right way they haven't said it but they have new customers in Defence and Aerospace as said on Cambridge day.

As for knowing of VRS do graphene then if anyone reads that its pretty clear now.

ABS launched (that deleted tweet) so now we can openly chat about it.

As said many times there are engaging with many well known large companies worldwide across a range of sectors as in the news. Some of those were listed on Cambridge day, it has grown on the big names since then and that wasn't the full big name list, far from it.

Well set to move on it seems.

[shavian] 03/7/2017 07:22

Well balanced report out this morning. Nice conservative tone, with no nasty surprises that I could see. Some will be disappointed by the lack of hype in the outlook, so it will be interesting to see how the market takes it this morning.