Versarien Share Discussion Threads

[aintree77] 11/12/2019 17:33

A good forward looking statement Bounce along with a Boris Bounce = a Bloody Big Bounce.

[philbyk27] 11/12/2019 17:32

$14 revenue 3 employees! That will make up for Aegon and China? Is this one of the big 5?

[festario x] 11/12/2019 17:32

And as if to prove my point here's The Club once again with his OFT repeated anti Ricketts mantra ..

[pshevlin] 11/12/2019 17:26

Been out all day but this just looks like pre election combined with pre results jitters to me. We'll see tomorrow but at some point even this dog might be spending a few more quid on as the price is now a bit silly.

[ny boy] 11/12/2019 17:22

Crashed through first support level, bounced off close to 2nd, you bulls need to wake up, smell the coffee and get buying. Still waiting for you at 130p +

Supports Support1: 88.00 Support2: 73.22

[kemorkid] 11/12/2019 17:21

PLEASE PLEASE
take 5 mins and read results from March 19
Pay particular attention to the post period highlights near end

I will sleep well tonight and good luck for tomorrow



Versarien Plc

("Versarien" or the "Company" or the "Group")

Preliminary Results for the year ended 31 March 2019

Versarien Plc (AIM:VRS), the advanced engineering materials group, is pleased to announce its unaudited results for the year ended 31 March 2019.

Operational highlights



-- Thirteen new graphene application collaborations and MOU agreements
secured during the year, with one entered into post period,
with partners based in the UK and overseas
-- Versarien joined the Graphene Engineering Innovation Centre
("GEIC") as a tier one member gaining access to development
and scale-up facilities worth c.GBP60 million
-- Continued investment in capital equipment as collaboration
agreements progress
-- Acquisition of Gnanomat S.L. ("GNA"), a company based in Spain
developing energy storage technology
-- Establishment of a US subsidiary, Versarien Graphene Inc.,
to exploit opportunities in North America
-- UK Government continues to support the Company's international
expansion plans by seconding staff to Versarien, an 'Export
Champion'
-- Polygrene(TM) launched, a new graphene enhanced polymer to
improve thermal and electricity conductivity
-- Mature businesses showing steady financial performance providing
stability for the emerging businesses
Financial highlights



-- Group revenues remained steady at GBP9.14 million (2018: GBP9.02
million)
-- Adjusted LBITDA* of GBP1.1 million (2018: GBP0.8 million)
-- Loss before tax of GBP2.8 million (2018: GBP1.6 million) after
share based payments charge in the year of GBP0.7 million (2018:
GBP0.1 million)
-- Cash at 31 March 2019 of GBP4.3 million (2018: GBP2.3 million)
-- Successful fundraising of GBP5.2 million gross in September
2018
-- Net assets increased by 66% to GBP13.3 million (2018: GBP8.0
million)
* Adjusted LBITDA (Loss before interest, tax, depreciation and amortisation) excludes exceptional items and share based payment charges.

POST PERIOD HIGHLIGHTS
Versarien became the first company in the world to complete
the US Graphene Council's 'Verified Graphene Producer' programme
validating our technology to customers and collaborators
-- First graphene orders received from the USA and Japan
-- Term Sheet signed with the Beijing Institute of Graphene Technology
("BIGT") for China expansion
-- EU 'REACH' approval to produce up to 10 tonnes of graphene per
annum received
-- Appointment of Susan Bowen as a Non-executive Director
Commenting on the results, Neill Ricketts, Chief Executive Officer of Versarien, said: "The year to 31 March 2019 has, again, been one of great progress for Versarien particularly in our emerging technologies businesses, globally and in the UK. The graphene businesses have delivered on our strategy of expansion into global markets and progress is being seen in our existing collaborations, as well as new collaborations being entered into. We look forward to showcasing our new technologies at future investor events.

"Having spent some time examining opportunities for expansion into China, the Board concluded that the best one lies with BIGT and consequently signed a term sheet with them in April 2019. A wholly owned foreign enterprise is being established and will be managed by BIGT on behalf of Versarien, with planned investment from a BIGT managed fund. BIGT will focus on both the manufacture and sale of our graphene in China using our patented technology.

"Opportunities in South Korea, Japan and India are emerging as a result of the support given to us by the UK Government seconded staff and we have established operations in North America, albeit they are at an early stage.

"New graphene production equipment has been installed in the UK and is now up and running at our Cheltenham manufacturing site which will enable us to meet the initial expected demands of our graphene based products. Testing of new equipment is underway which, if successful, would expand our production capacity to up to 30 tonnes per annum of high quality graphene. Manufacture and sale of graphene at these levels requires certain permissions under EU regulations and I am pleased to report that we have been successful in our registration and are now accredited to produce significant volumes of graphene under the EU rules for chemical production.

"Our mature businesses have focussed on efficiency gains and overall have returned acceptable results whilst also looking at opportunities for inclusion of graphene in their future products. This includes using graphene in headphones and mobile phone cases, through to producing Hexotene enhanced ceramics for use in satellite engines.

"I would like to take this opportunity to thank our continually supportive investor base and our employees for their hard work as we look forward to the future with optimism and confidence

[laginaneil] 11/12/2019 17:18

Evening folks,

I see we have a few 'new' accounts again...

On a more interesting note I see Steve was in Boston 1st to 7th at this place:

[festario x] 11/12/2019 17:12

What an eminently sensible post 👏

[40asr] 11/12/2019 17:11

If you whingers are unhappy then why not simply bail out? That is unless you are.mot holders and only have the ability to try and destroy the efforts of DECENT people. On another note if the company were to be sold or the mngmt team changed should we assume that the likes of clubsandwich et al be dipping into their clearly full pockets to try their hand or carry on dripping.

[40asr] 11/12/2019 17:11

If you whingers are unhappy then why not simply bail out? That is unless you are.mot holders and only have the ability to try and destroy the efforts of DECENT people. On another note if the company were to be sold or the mngmt team changed should we assume that the likes of clubsandwich et al be dipping into their clearly full pockets to try their hand or carry on dripping.

[mandatory] 11/12/2019 17:01

You never know, I’ve seen an evening jump of ten percent when a positive RNS was expected, followed by a bloodbath down 40-50% in the morning.

We’ve a had a 10% drop so maybe we will rise 50% if we’ve actually made some money off the Graphene used in these many collaborations.

[red7al] 11/12/2019 16:56

With a close of 84p and lows of 76.5p it certainly looks like a big shake. MM could make a nice profit tomorrow despite potentially low revenues that could be dwarfed in just 6 months time.

[eezymunny] 11/12/2019 16:51

Laughably the market cap is still 140m.

Pitiful revenues. Cash burn. Competition the world over.

The AIM uneducati will never ever learn I fear....

[1flynn] 11/12/2019 16:49

Didn,t really want anymore however
The 9927 @ .79p sell at 16.16pm was 100% a buy.

[bgt1] 11/12/2019 16:41

My thoughts too.

[dolores123] 11/12/2019 16:35

Hoping Niel has worked some magic for tomorrow!

[adejuk] 11/12/2019 16:27

where would that be handy?

[handykart] 11/12/2019 16:25

Always look on the bright side

[cheek212] 11/12/2019 16:23

Major tree shaking - some one wants your shares