Versarien Share Discussion Threads

[ashehzi] 24/9/2018 13:54

I put blame on JW as he asked questions like "Just another Podcast". May be, he doesn't have enough skin in the game at the moment or he himself was not in mood as not right questions were put forward to NR.

[shammytime] 24/9/2018 13:52

I'm disappointed in your comments. Don't lower yourself to such ignorant standards

[ellissj] 24/9/2018 13:51

Not for me, i think justin knew it had to be kept low key. Either way, pleased by the market reaction thus far. Best ellis.

[grabster] 24/9/2018 13:50

I agree it wasn't the best of podcasts that we've had - NR didn't seem to have prepped himself to put across the most important aspects of the Gnonamat deal. After all, this isn't just another collaboration (among the huge number already in play) - it is in effect the purchase of a company - and that needed a stronger explanation. Maybe with it not yet being signed and sealed there is little more he could say - in which case we presumably get a more detailed explanation in an rns once the arrangement is completed.

How are people interpreting the reference to three legs?
Was he referring to Versarien, plus Gnonamat, plus a mutual partner?
Or did he mean 2D-tech plus Cambridge Graphene Ltd, plus Gnonomat? (Manchester, Cambridge, Madrid)

[wr63] 24/9/2018 13:49

It sounded like Neill was on a train to Manchester so was perhaps not in the best environment to be his usual self or give much more information. Poor questions from Justin really, didn't have a proper grasp on the raise etc..

[ellissj] 24/9/2018 13:47

Well the deal is still being tied up. I call neills mood respectful in these circs, well played imo. When it's tied up and we hear what the proposition is, and where this tech potentially places us, then it might be time to get excited. Boy done well and called it right for me. Aimo. Best ellis

[woodpeckers] 24/9/2018 13:46

Firm’s £2.9m funding bid raises more than £5m

24th September 2018

On Friday when a Gloucestershire engineering firm announced it was aiming to raise not less than £2.9 million it appears to have gotten investors more than a little excited.


Neill Ricketts

Those in the know jumped at the chance to invest and this morning Cheltenham-based Versarien revealed it had beaten its target and raised nearly £5.2 million.

The 2,000,000 new ordinary shares were offered through on-line funding platform PrimaryBid.com at a discount of 18 per cent on the closing price on the day (Friday, September 21).

Neill Ricketts, co-founder and chief executive officer of Versarien, which is at the forefront of the emerging graphene industry, said: "We are very encouraged by the tremendous demand generated on the PrimaryBid platform in such a short period.

"PrimaryBid's innovative platform allowed us to seamlessly access retail investors at the same time and terms as institutional investors. Retail investors remain an important constituent to us and we are pleased to have allowed them access to this fundraise."

The sale mirrors a share issue by the firm back in November last year when it opened the door to investors hopeful of raising £1.2million and wrestled it shut 20 minutes later after £2.9million had been taken.

"We raised nearly £2.9million and we only wanted £1.2million. We could not close the sale quick enough. It was staggering," said Mr Ricketts, who co-founded Versarien in his native Forest of Dean in 2007.

As for the most recent shares, the offer closed at 7.22 pm on Friday and the Company will now issue and allot a total of 3,554,893 new ordinary shares.

Application will be made to the London Stock Exchange for those shares to be admitted to trading on AIM. Dealings is expected to start at 8am on September 27. Shares were up more than four per cent this morning (September 24).

[anley] 24/9/2018 13:45

Letsgetbizzay..........

Are there INTERIMS tomorrow????.....don't think so but for me I can see £2 before very long based on hype by small investors and a little dumping by institutions and a message from the Board that all is well.

I will await the AGM comments tomorrow and to those that go ask searching questions.

[woodpeckers] 24/9/2018 13:43

Neill sounded, understandably, a bit tired...so what can we read into that....he is super busy...good news ....and we have a CEO who is human....very good news.

Looking forward to learning more tomorrow.

[ellissj] 24/9/2018 13:42

Seems to me that NR said what he needed to. Main takeaways, was ambitions vrs have in battery sector. Battery Expertise of gnano 'second to none.' Working closely madrid uni. Access to eu funding. 3 ii involved - logically must be a positive other wouldn't have mentioned them. 3 legs of the stool. They need us, we need them. Both have same collab partner already. Further customers in contact. In short, looks a deal that adds value from the word go. Great potential. Understated poddy, but to me a great positive underlying mood music. You can see the thinking, how it all fits together. Great engineering this deal by thecsounds of it neill and co. I look forward v much to hearing more in due course. Aimo. Dyor. Best ellis

[hattie1] 24/9/2018 13:42

Rather tame .. overworked and overtired more likely .. not enough hours in the day ..

[ratpat999] 24/9/2018 13:41

Stupid comment its the AGM tomorrow idiot

[dickiebird2] 24/9/2018 13:41

They have come down from those hills !!!!

[tim3416] 24/9/2018 13:39

Ha ha and the desperate de rampers keep coming

Edit - Not you Ash

[ashehzi] 24/9/2018 13:39

Yes NR was tight lipped and he seems to be in Manchester and that could explain a rushed and less worded podcast.

[letsgetbizzay] 24/9/2018 13:37

A rather tame interview. I'm slightly worried now...does anyone see this reaching 200p in the next few weeks? We could see a retrace if the interims tomorrow don't announce anything new.

[rafboy] 24/9/2018 13:35

Podcast as expected really. Bit of a rush but good for business going forward. Massive interest in VRS in order for PB to be so oversubscribed. Can’t be at AGM but looking forward to hearing all about it.

[club sandwich] 24/9/2018 13:33

Rather lackluster podcast by previous standards, NR seeming a bit distracted.

But why wouldn't he be, with everything going on? Also I think he was considering his words very carefully before speaking so as not to let anything slip...

[landereo] 24/9/2018 13:31

Just wondered if anyone has any better guidance of current graphene prices. Always interesting trying to forecast company value and sales with so little in the public domain. hxxps://siografen.se/app/uploads/2018/05/Suppliers-guide-2018-1.xlsx

[fuji99] 24/9/2018 13:31

Tomorrow the AGM will trigger institution investors to put their radars on alert on this new gem that will become a "must have" in their portfolio.

[festario] 24/9/2018 13:17

II's can forward sell them today at 182p, and receive them at 145p on Thursday. And why wouldn't they? Business is business.

[anley] 24/9/2018 13:16

A rushed interview with nothing new said so its up to members to find out tomorrow just what the deal is all about..........there is more to it than NR lets on such as "production" and sales.

THE BEAR comment on they ran out of shares to issue is an interesting issue which needs a question asked as I have no time to work back but if it is true then the BOD could have issued many more and we would have suffered serious dilution........just a thought until someone works out the figures BUT I would ask the Finance Director tomorrow as well as another question....

The excess of 2.9m and the NET raised will go to working capital requirements and does that mean that the Discounting Facilities can be reduced thus saving on interest payments.

One needs to keep a close eye on the working capital requirements of VRS just as one would with any new and exciting business. I am sure we have a tight fisted person in control but you never know.

[bootie64] 24/9/2018 13:14

Also

Primarybid

alot of the allocations were scaled back