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[club sandwich] 29/11/2019 07:35

Nothing to get excited about, we know what's coming; slight growth in revenues from a few sales of samples, much larger loss caused by increased cost of operations without securing significant revenue streams. Maybe then you'll all agree with me Ricketts needs to be removed.

[shavian] 29/11/2019 07:34

For those who cannot attend the Cardiff investor event on Monday evening, please feel free to post questions you’d like attendees to ask the management. LTHs only need ask, as I have everyone else on filter!

[9degrees] 29/11/2019 07:22

interim results on 12 December - election day!!

[club sandwich] 29/11/2019 07:00

"We are confident, that whilst revenuesof any material amount have yet to beachieved, with the investment that wehave made"Except the first comma is in the wrong place, it should be after 'that'. Let's hope he's better at numbers than he is at English...

[senden11] 29/11/2019 06:54

An excellent and incisive early morning cup of tea read evergreen8 - hammer spot on the nail imho, very much appreciated!

[jointer13] 29/11/2019 06:51

and I think we are on our way !

[jointer13] 29/11/2019 06:50

this is from a very conservative cfo.

"We are confident, that whilst revenues
of any material amount have yet to be
achieved, with the investment that we
have made, the accreditations awarded
and progress of our collaborations this
year, significant future revenues will be
achieved."
Christopher Leigh
Chief Financial Officer
19 August 2019

[matheus7777] 29/11/2019 06:45

I remember hearing the quotation some months back, although I cant remember whether it was tweeted, or from an AGM write up

[luckykids] 29/11/2019 06:01

Evergreen. I don't think Chris has ever said long term holders will be fabulously rewarded. I am not sure he would be happy with that being ascribed to him

[johnb5] 29/11/2019 03:51

Excellent post evergreen.

[evergreen8] 29/11/2019 00:34

There are a number of very important understandings that I have been able to take away from this RNS.

The first is that the 22 month collaboration between MAS and VRS also involved multiple third party clients with global market share in specific sectors who participated in and have now successfully COMPLETED the development and testing of Graphene enhanced products.

The second is that the testing has confirmed that the Graphene enhanced product performance is so significantly better than the competition that it creates a new higher strata of differentiated product that allows for higher pricing and better rates of return. (Standard market segmentation practice)

The third is that VRS has avoided the fatal trap of becoming the subordinate supplier to MAS who in the event that they had become the single high volume purchaser would have been able, once the supply chain had become established, to dictate product pricing terms to VRS.

Instead VRS have cleverly maintained direct pricing relationships with multiple end user third party brands allowing VRS to maintain unilateral control of the supply chain and control of future pricing levels.

The fourth is that the third party brands could not contract for the purchase of high volume Graphene enhanced product until a contract had been signed between MAS and VRS that secured the continuity of supply of Graphene enhanced materials.

The fifth is that MAS would have no incentive to conclude arrangements with VRS until MAS new with certainty that the preceding 22 months of negotiation between VRS and the third party brands had been concluded to all parties satisfaction.

It is a reasonable supposition that the nomad has obliged this RNS even though the signing of the contract with MAS does not in itself generate revenue but is instead the essential precursor to concluding revenue generating contracts with the third party brands.

My expectations are that the signing of the MAS contract will very shortly be followed by the formal conclusion of the revenue generating arrangements with the third party brands.

My overarching takeaway is respect for the competence and foresight of the team at VRS who have secured the long term interest of the company and the shareholders while rejecting the pursuit of the short term short sighted benefits so lauded by the detractors on this board.

Could not be more confident that we are being de-risked, that Chris, the Chief Financial Officer at VRS, knew what he was talking about when he said we were close to significant revenues which reinforces my belief that all LTHs will be fabulously rewarded.

[chezt] 28/11/2019 22:36

Interesting, the Pantmawr is almost walking distance for me today, would have been a good opportunity... unfortunately Monday sees me in southwest france. Oh well next time...

[matheus7777] 28/11/2019 21:37

Also Ineos Automotive making a new 4x4 locally in Bridgend https://www.ineos.com/news/shared-news/ineos-automotives-uncompromising-4x4-to-be-built-in-wales-and-named-grenadier/

[landereo] 28/11/2019 21:17

I see the Advanced Manufacturing Research Centre has opened in Broughton, North Wales. Airbus #Wing of Tomorrow. #SolvayGroup.

[1teepee] 28/11/2019 19:31

Who you calling sheep;)

[ny boy] 28/11/2019 19:16

Meanwhile STX went up again

Wake me up at 130p please, I will buy but I don’t hold up much hope.

[matheus7777] 28/11/2019 19:12

It would be good if theres more news by or on Monday, or maybe its something to do with the advent calendar? Although theres so many collaborations now that are within touching distance (including China) it could be anything. The team are very tight lipped so could be another left field announcement! Looking forward to meeting everybody

[shavian] 28/11/2019 18:40

Great, Matheus. I’ll be bringing a few non posting holders.

Can’t help my curiosity about the timing and venue, no doubt all will be revealed on the night. Am I bringing fanciful in thinking we may have more news by Monday?

[matheus7777] 28/11/2019 18:33

Thats round the corner from me in Cardiff, see you there! Mat

[shavian] 28/11/2019 18:11

Cardiff Investor Event this coming Monday! Thanks for the heads-up Ashehzi, it’s confirmed by Neill’s tweet. I hope all LTHs in the region will be able to attend. Schmally? Spike’s bro?

Looking forward to welcoming NR to Cardiff. The Pantmawr Inn is not that easy to find so I recommend using satnav for the final few yards. Coming from the M4 at J32 take the A470 towards the city centre, then take the next left at the lights towards Rhiwbina. Take the 2nd left into Caer Wenallt (it’s a big crescent), then first left into Tyla Teg and then turn right up a narrow lane into the pub. See you there.

[luckyorange] 28/11/2019 17:37

If you haven't looked into the history of MAS holdings then it is worth a read here (I know it's Wiki but covers the ground)

1980s to 1990s
In the late 1970s, the liberalization of Sri Lanka’s economy heralded new opportunities for Sri Lanka’s growing apparel exports industry. Prior to beginning MAS Holdings, Mahesh and Sharad Amalean worked for a 60-year-old family apparel business run by their extended family. In 1984, the three Amalean brothers embarked on their own. They pooled US$ 10,000, bought 40 sewing machines and founded an apparel company named Sigma Industries.

In 1986, the company attracted the attention of MAST Industries, a US based clothing supplier and subsidiary of The Limited Inc. It formed its first joint venture with MAST Industries, to manufacture women’s synthetic dresses, a product which was not under the prevalent quota regime. However, before production could begin, a quota restriction was imposed on the product, forcing the company to seek out alternative products to manufacture.

During a visit to the MAST Industries office in Sri Lanka, Mahesh Amalean spotted a Victoria’s Secret catalogue and suggested that the company manufacture lingerie, a product which was outside Sri Lanka’s quota category.[9] His suggestion was initially met with resistance as lingerie was a complex product and Sri Lanka did not have any experience in manufacturing lingerie despite its growing apparel export industry.

The company soon began honing its skills in intimate apparel manufacturing, and MAS Holdings was officially inaugurated as a new business entity to manufacture intimate wear. On a visit to Ohio, USA, Mahesh Amalean and Martin Trust, CEO of MAST industries, met with senior executives of Victoria’s Secret, securing MAS’ first big order . For the next decade, the company focused on intimate wear, embarking on strategic partnerships with companies and growing its customer base.

MAS Holdings soon expanded and established joint ventures to manufacture elastics and sleepwear. Subsequently, the business started to specialize in seamless knit operations and later branched into performance clothing in the late 90s.

2010-Present
As of 2016, MAS Holdings was the second largest supplier to Nike, worldwide.

[luckyorange] 28/11/2019 17:09

Apologies serratia but couldn't resist, reminded me a lot of the BSC's on here.

"ABSTRACT
The realization of the unusual properties of 2-D materials requires the formation of large
domains of single layer thickness, extending over the mesoscale. It is found that the formation of
ideal graphene on SiC, contrary to textbook diffraction, is signalled by a strong bell-shaped
component (BSC) around the (00) and G(10) spots (but not around the substrate spots). The
BCS is also seen on graphene grown on metals, because a single uniform graphene layer can be
also grown with large lateral size. It is is only seen by electron diffraction but not with X-ray or
He-scattering. Most likely it originates from the spatial confinement of the graphene electrons,
within a single layer. This leads to large spread in their wavevector which is transferred by
electron-electron interactions to the elastically scattered electrons to generate the BSC."

[nellyb] 28/11/2019 17:05

the nayslayers have all gone quiet - I hope they have got their pinnys on and are rustling up their loved ones something nice for supper.