Versarien Share Discussion Threads

[bluemango] 30/9/2024 10:34

PW, it's very inconvenient for pretty much every other poster on these VRS threads, that you dare to counter their negativity, which they would prefer to be 100%.

Perish the thought that anyone new to this, might be tempted to think for themselves ...

[zydecoco] 30/9/2024 10:28

You must be Anthony Joshua in that one PW, as you got up but keep getting knocked down and made to look even more rubbish each time.

[bbmsionlypostafter mk2] 30/9/2024 10:28

The core business of VRS is not selling graphene, it's selling pipe dreams & shares to hopelessly naïve gerbils. It's rather good at that.

[pwhite73] 30/9/2024 10:20

zydecoco - "PW, who is defeated and somehow is still here:"

This is a share bulletin board. VRS are still trading so please let's address its current issues. If you are interested in wins and defeats the Anthony Joshua v Daniel Dubois fight is still available on Eurosport.

[zydecoco] 30/9/2024 10:05

PW, who is defeated and somehow is still here: "What the market wants to see is commercial traction in their core business of graphene and 3D before any rerating."Not true, the share price has been continuously re-rating for over 5 years; just look at the chart.

[pwhite73] 30/9/2024 10:02

SJ - My comments are not misleading because AAC is/was a subsidiary of VRS so all their accounting and financial details appear in the half-year and full-year accounts of VRS.

[grabster] 30/9/2024 09:44

The other UK subsidiary that Versarien has been looking to sell is Total Carbide, for which it paid £2.3 million 11 years ago. Any news on how that is going?

[smokeyjohnson] 30/9/2024 09:27

Yes you're right, AAC is a side issue, but your misleading comments are a constant.

"AAC employs about 25 people. If you put them on a wage of £20k p.a that's savings of £500k per year or £42k per month."

then

"SJ - Whatever revenue AAC pulls in they are recording annual losses of £146,350. So these are losses the main company VRS will no longer report going forward from the date it was sold."

Just confirming that you're confirming that your original comment on £42k savings per month was once again incorrect.

[pwhite73] 30/9/2024 09:17

SJ - Whatever revenue AAC pulls in they are recording annual losses of £146,350. So these are losses the main company VRS will no longer report going forward from the date it was sold.

Anyway AAC is a side issue. The think to take away is - "In our core business the pipeline of opportunities and partnerships continues to improve and I believe that Versarien is increasingly well positioned for sustained growth and industry leadership."

That does not sound like a company that is going bust anytime soon. What the market wants to see is commercial traction in their core businesses, graphene and 3D Printing.

[grabster] 30/9/2024 09:05

AAC Cyroma was making a profit when Versarien bought it at 3x what they are now getting for it.

".. In the year to 31 December 2015, AAC Cyroma reported sales of £4.27m with a profit before tax of £166,000 and EBITDA of £375,000. .."
".. Cheltenham-headquartered Versarien will pay an initial cash consideration of £1.4m, plus the assumption of approximately £264,000 debt and £266,000 in new Versarien shares. A further deferred payment of up to £200,000 will be paid if pre-tax profit targets are met..."


Harper Bennett Ltd is a management consultancy business registered to a residential address in Evesham.
(bought AAC Cyroma just to sell on? If so I guess they already have a buyer ahead of this deal, since they appear to have no cash of their own. Or are merely an agent.)

[grabster] 30/9/2024 08:50

Sale of AAC Cyroma is done:



By David Wood | 30th September 2024

Forest of Dean-based advanced materials engineering group Versarien has agreed the sale of the company's wholly owned subsidiary AAC Cyroma Ltd to Harper Bennett Ltd.

The sale is for a total consideration of £550,000, subject to any adjustments arising from completion accounts, payable in cash, in 16 equal quarterly instalments of £34,375, commencing three months from completion.

Versarien will retain a charge over the assets of AAC Cyroma and Harper Bennett Limited to cover any outstanding consideration payable.

AAC Cyroma is a specialist plastics manufacturing business serving a range of sectors including automotive and fast‐moving consumer goods.

In the financial year ended 30 September 2023 AAC Cyroma incurred a loss of £146,350 and had net assets at 30 September 2023 of £411,142.

Versarien says the disposal of AAC Cyroma is in line with the company's strategy to focus on its core graphene technology and divesting of its mature businesses.

The proceeds of the disposal will be used for the company's general corporate and working capital purposes.

Stephen Hodge, chief executive officer of Versarien, said: "The sale of AAC Cyroma is a pivotal step in our turnaround strategy, allowing the company to continue to focus on maximising the potential from graphene and advanced engineering technologies, and take a manufacturing‐light approach.

"In our core business the pipeline of opportunities and partnerships continues to improve and I believe that Versarien is increasingly well positioned for sustained growth and industry leadership."

[smokeyjohnson] 30/9/2024 08:42

The wage costs are internal to AAC, VRS don't pay the wages directly so that's somewhat misleading. If you're going down that route then surely it would also be fair to say that VRS will miss out on any revenue that AAC bring in.

[pwhite73] 30/9/2024 08:30

Can't disagree with that but the sale of AAC is nothing to do with income coming in its to do with cost savings.

AAC employs about 25 people. If you put them on a wage of £20k p.a that's savings of £500k per year or £42k per month.

What the market wants to see is commercial traction in their core business of graphene and 3D before any rerating.

[smokeyjohnson] 30/9/2024 07:54

VRS just wanted to be able to RNS the headline to get some more shares away. Actually they don't get fully paid for approx 4 years at just over £10k per month. That will fall straight out of one of the leaky holes.

[pwhite73] 30/9/2024 06:57

Below is what you posted two weeks ago. There is a minor difference between the sale of a subsidiary and winning a huge contract although I do believe they have won numerous contracts that have not been RNS's yet and one particularly with Keyline Civil Specialists.

bigboots - 10 Sep 2024 - 15:35:29 - 19391 - "Just come back from a meeting, Versarien have won a huge contract at the recent trade show that they were exhibiting for their 3D printing. Initial contract is valued at £500,000 rising to £800,000 over the next 18 months. Steve will need to release this."

[bigboots] 30/9/2024 06:52

As posted two weeks ago. Its taken him long enough to RNS it.

[pwhite73] 30/9/2024 06:25

RNS 30/09/2024 - Stephen Hodge, Chief Executive Officer of Versarien, commented - "In our core business the pipeline of opportunities and partnerships continues to improve and I believe that Versarien is increasingly well positioned for sustained growth and industry leadership."

[1manchild] 29/9/2024 18:32

BlueMongo: 'Rather like writing a lengthy epistle like that, and on a weekend? Fair play, must have taken a while.'

I'm glad that you in particular liked it. It took in between 15-20 minutes once I read it back from first draft if you want the absolute honest truth as it was quite an easy straight bat back. Maybe you should try it on your next post when thinking about the person you are backing on this board?

[1manchild] 29/9/2024 18:22

PWhite - 'For the umpteenth time you can’t magic up an industry that does not exist no matter how clever or experienced the management team. What you require is change in already centuries old established industries like construction, aviation, roads, textiles, materials etc.'

And for the umpteenth time - what you require is a management team that understands a whole range of advanced materials and has commercial networks to be able to diversify the company to dovetail the work diversification Ben is doing. I would say this is a better strategy than waiting for the great graphene sunrise.

PWhite - 'I still believe with the support of Prompt Strategies and Dr Stephen Hodge as CEO the company will reverse the change in the falling share price.'

And there we have the dying love chant once again. He isn't going to sleep with you PWhite. Unless you know the CEO and David Stone - and this bit might hurt - they don't really care about you either so now might be the right time to let it go?

Hilarious and barmy at the same time!

[bluemango] 29/9/2024 15:20

#153257

"It is a sign of desperation ..."

Rather like writing a lengthy epistle like that, and on a weekend? Fair play, must have taken a while.

[senden11] 29/9/2024 12:13

No connections to the company cronk and, yes, mightily disappointed that this hasn't panned out the way I had hoped.

However, I've always stated that I am a believer in graphene coming to play a significant role in our lives at some point. Alas, my hopeful 5 year plan was way out(!) but I am still invested to that end.

What's the point in 'howls of despair', as you put it? It's common knowledge that stock-market investments are always a risk, especially when you're dealing in new tech/untried advanced materials, so you can equally draw the conclusion that the lack of bleating here may be largely because we risk-taking believers in VRS have taken responsibility for our decisions. We can't and shouldn't blame others when in this day and age, the necessary research tools are easily available to all from the comfort of our own armchairs.

As a final point, I fail to understand why you and others devote so much time and energy stirring the pot and constantly willing the demise of a potentially ground-breaking British company (easy ammunition for you in this line since it's looking anything but at the moment, I know!). I can only guess that for you and your band it's personal and/or that you are inherently mean-spirited as you consistently mock investors for their so-called stupidity. Not sure what pleasure you derive from this but each to his/her own, I suppose.

Anyway, enough from me. Happy roast Sunday to all believers and long-term holders!

[bbmsionlypostafter mk2] 29/9/2024 10:22

IIRC wasn't the China deal stopped because it was too big to go ahead?