Versarien Share Discussion Threads

[ellissj] 18/2/2019 19:40

I see mclaren just renewed engines contract with ricardo. More Focus on hybrids. Best ellis

'Ricardo and McLaren Automotive renew engine supply agreement'

BY SAM PETTERS ON 13TH FEBRUARY 2019 PARTNERSHIPS, INVESTMENTS & ACQUISITIONS

"Ricardo has signed a new engine supply contract with McLaren Automotive. The latest agreement is the largest ever signed by the British supplier and confirms the company as supplier of engines to McLaren in support of its Track25 business plan.

Since 2011, Ricardo has manufactured the entire production requirements of McLaren Automotive at its purpose-built assembly facility at Shoreham in the UK. In the past year production levels approached 5,000 engines, while the total delivered since the partnership commenced now significantly exceeds 15,000.

“This supply agreement will take the highly successful relationship with McLaren into its second decade, and together with the entire Ricardo team I look forward to working with McLaren to deliver the engine needs into the Track 25 business plan over the years ahead, including products featuring hybrid technologies,” said Ricardo CEO Dave Shemmans.

Under the terms of this new agreement, Ricardo is nominated as the supplier for engine requirements as McLaren embarks on its Track 25 business plan which includes 18 new models or derivatives, many featuring hybrid technology.

To support this diversification, Ricardo will invest in the production facility to accommodate additional product flexibility, new manufacturing capabilities, and further capacity.

“McLaren is pleased to be continuing our very strong relationship with Ricardo as our engine supplier,” said Mike Flewitt, CEO at McLaren Automotive.

“Ricardo shares McLaren’s passion for exceptional performance, product innovation and quality. It has also become a trustworthy and reliable partner to McLaren in engine manufacture. We look forward to working with Ricardo and to receiving its full support as we implement our Track25 business plan.”

[superg1] 18/2/2019 19:32

Philby

Why be cautious when he knows what he knows?

Being tarred with the AIM brush unfortunately which is to be expected and the usual scumbag crooks that we all know so well carry on with their criminal activity.

It's not the fault of VRS that countless scumbag companies have misled the market.

What will be will be, I learned long ago that many PIs are a complete nightmare, so I just chill and stick to my research.

[nellyb] 18/2/2019 19:19

"I am currently drafting a letter to private equity companies drawing their attention to VRS" - i reckon vrs staff will chuckle on that one.

[par4artthou] 18/2/2019 19:16

Club. My timeframe for this company to deliver is three years. So far I've been here for just over a year so it's still early days, but the prospects are looking even better than I could have imagined back then. So if you don't mind I won't be listening to anybody here who has a short term agenda.
If I'm wrong, so be it, but it will not make the slightest difference to my lifestyle. My future doesn't depend on this share.

[superg1] 18/2/2019 19:14

No idea yet who it was Fest but no one I know and there are not that many that hold numbers like that hence the ? over Miton or similar.

Best guess is probably a PI but no apparent confessions yet by anyone.

Most were sold into the market before the trade was late reported. It was obvious PEEL had picked a lump up.

[festario] 18/2/2019 19:07

Indeed. So few people read what I post now, filtered by many.That's obvious, because today I joined the rampers and posted a few positives about how I expected a share price bounce. The only reactions I got were thumbs down.That can only mean that Bulls didn't see what I said, and Bears didn't like it.Sadly the share price didn't bounce. I don't see anything to prevent further steep falls tomorrow.I hope I'm wrong, I was wrong about everything else today.

[taurusthebear] 18/2/2019 19:01

As long as we ignore anyone who expresses any reservations about VRS, the share price will go up. Errrrr.. Same as it ever was. :0)

[seastork] 18/2/2019 18:54

The share price has come under attack with concentrated efforts from the usual shorter brigade, who I had hoped would have moved on to bully another target. So why are they back? Believe this is a numbers game played by them with the recent announcements of Philip Hammonds cancelled trip to China. With two DTI secondee's at VRS (rather un-precendented) and the China Graphene Valley a huge fish to land for VRS (and the Government). The delay of this trip therefore delays any progress in the deal. There is huge political value to the Government as well commercial value to VRS for a deal to be signed. This will require the usual fanfare of pomp and pageantry. This has been delayed and the shorters have seen an opportunity to revert to their underhanded tactics. For LTH this is a blip, deals will be done and the share price will go north. Medium to Short-term holders have decisions to make 1.realise profits, 2.accept losses and move on, 3.accept loses, to re-buy should lower levels occur or 4. hold tight. Bearing in mind the above news is one leg of the immediate tri-pod of ISO certification and Aecom product launches in the pipeline (plus left-field news). But this is a risk and reward game, one leg of the tri-pod has been removed, so the shorters have swept in and RNS of MoU's no longer shift the sp, (keep an eye on Philip Hammonds calendar).

[kemorkid] 18/2/2019 18:50

I hope neil isn’t being too open with his comments although they are reassuring

[meganxmas] 18/2/2019 18:50

Took opportunity to add £10k today ... who knows if down or up short term but long term I have utmost faith in what is being done here and in the management team. The full range of emotions are on this BB. At the same time there is lots of great research, lots of attempts at positive and negative manipulation and lots of hidden agendas. But there are also many honest investors and this board has been for a long time a source of inspiration. Shame for it to get ruined a bit by a few with agendas that are hidden (my agenda is invested and want company and share price to succeed) but for the honest posters please keep going as this is one of the best BBs out there. I am all for honest and balance debate both ways ... the key is honest and balanced !!!

[belo horizonte] 18/2/2019 18:44

1retirement. As pointed out to you, that was 30 Sept. After that VRS paid money to acquire Gnanomat and gave it a loan of 1.3M euros. It has also had 5 months of operating expenses outside of the couple of businesses that actually make a little money. The graphene doesn't make money. It is an expense.

[ellissj] 18/2/2019 18:40

Good luck math7777, woody and all buyers. Agreed hew. Holding here for success imo. Best ellis