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VRS Versarien Plc

0.032
0.0015 (4.92%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Versarien Plc LSE:VRS London Ordinary Share GB00B8YZTJ80 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0015 4.92% 0.032 0.03 0.034 0.044 0.03 0.04 374,020,910 16:40:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 5.45M -13.53M -0.0058 -0.05 711.97k
Versarien Plc is listed in the Chemicals & Chem Preps sector of the London Stock Exchange with ticker VRS. The last closing price for Versarien was 0.03p. Over the last year, Versarien shares have traded in a share price range of 0.0288p to 0.369p.

Versarien currently has 2,334,323,352 shares in issue. The market capitalisation of Versarien is £711,968.62 . Versarien has a price to earnings ratio (PE ratio) of -0.05.

Versarien Share Discussion Threads

Showing 206126 to 206149 of 206500 messages
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DateSubjectAuthorDiscuss
30/11/2024
13:06
PWhite7312 Jun '24 - 11:32 - 152731 of 153863
0 5 1
Festario - I can't post so frequently at the moment but I stick by what I said. If they place at less than 0.125p other than to clear secured debt then I will admit to calling this wrong. The markets are cruel to loss making companies but quickly reward overnight if the company shows a path to profitability.

jambojambo
30/11/2024
13:04
PWhite737 Jun '24 - 12:25 - 152707 of 153862
0 2 0
Festario - "You’re losing all your money here"

smokeyjohnson - "I have a letter of commitment here from a PWhite saying he'll get off ADVFN if the next placing is below the last one."

Yes that is my letter of commitment to this thread. As per Festario's post you can only lose all your money here if the company is facilitating the MM, spreadbet firms, shorters and AT trading spivs if they are supplying them with ever lower placing shares. If VRS is in that game even for its own survival then it is over for the shareholders.

The next placing must be above 0.125p. The only exception I might be prepared to make is if they raise lower to satisfy a secured creditor. They would not do that if they had the slightest concern the company might go bust. You would only settle with a secured creditor if they were threatening to bankrupt you but you would certainly not settle with them if you knew you were going bankrupt anyway.

jambojambo
30/11/2024
13:00
supernumerary - "PW reckons it's Spreadex making a considered long-term investment in this British manufacturing jewel"

I'm not sure about long term but they are certainly involved in refinancing the company, why else would they announce they hold a stake in a company that's about to go bust next week.

I watch the trades like a hawk everyday and I am as certain as I can be that they are forward selling placing shares. However after the last placing they only had 760 million shares left so any placing at 0.03p will net them only £230k before fees. They will need more long term financing than that.

There is also the issue of the Innovate Loan monies required from February 2025 onwards. That will need to be renegotiated.

grapster raised an interesting point about VRS perhaps being a test centre or certified verifier for graphene products on the behalf of the government. If that were the case will the government waiver part or all of the £5.5million loan if VRS takes on this role?

Speak Later

pwhite73
30/11/2024
12:51
1manchild - "its always good fun with pwhite who i imagine has more of a relationship with the vrs management than he lets on"

For the record I have no and have never had any relationship whatsoever with VRS the company or any of its management team. I have never contacted them and they have never contacted me. Everything I post here is what I garner from the RNS announcements, my own research and my experience in having invested in many AIM/Small caps over many years.

I know the difference between a company that has performed appallingly due to bad management and a company that has performed appallingly because of circumstances beyond their control. Versarien falls into the second of the two categories.

pwhite73
30/11/2024
12:47
PW reckons it's Spreadex making a considered long-term investment in this British manufacturing jewel ;¬)
supernumerary
30/11/2024
12:34
Zydecoco - "It was actually FRP that received that award - see the IFT website:"

No it was a co-award. If you look at the photo in the link that is David Stone from Prompt on the far right. FRP took on the role of administrator but worked with Prompt.

zydecoco - "PW, the company Prompt Business Strategies say they were working with “Specialist Aviation Services Limited” is in Liquidation ( since August)."

No it is the Ltd concern that is in liquidation. The operations and staff were acquired by Gama Aviation.



"On Thursday, February 1, its assets were sold to Gama Aviation, an aviation specialist headquartered in Farnborough, Hampshire. Out of the company’s 184 employees, all of them except for two will be transferring to Gama Aviation as part of the deal."

The point is those who were claiming Prompt are useless are wrong. They are recognised as one of the top turnaround specialist companies in the country.

With regards to whether a company is in administration or liquidation it is only bad for shareholders not necessarily staff and clients. I am reasonably confident VRS will not be heading down that route as Prompt has been advising them for over a year.

pwhite73
30/11/2024
12:26
PW's reactivation & flurry of ramping posts of VRS, Prompt, the Graphene industry as a whole & Stephen Hodge prolly mean there's another placing incoming a few weeks earlier than expected.

How many times can they pull this stunt & who actually buys this confetti?

bbmsionlypostafter mk2
30/11/2024
12:00
Disposals.

Some here previously expressed concerns about whether the proceeds due from the sale of Versarien's Korean equipment would come through as planned. (Extended to 31 Dec 2024 so far)

Versarien's sale of AAC Cyroma to Harper Bennett was completed on Friday 27 Sept.
The £550k to be paid in quarterly instalments of £34,375 over 4 years beginning 27 December 2024. (A disappointingly lenient schedule! But desperate sellers can't be choosy)

It doesn't matter who Paul Bennett was hoping he might sell AAC Cyroma on to, that's his problem now, but with nil assets of his own it would be comforting to hear news early in 2025 that he has managed to do so and isn't at risk of defaulting on that (already so soft) deal. He is under no obligation to report anything about it but I have an ear to the ground at AAC and will endeavour to capture gossip.

Anyone picked up any hints about parties showing interest in Total Carbide yet?

grabster
30/11/2024
11:34
PW, the company Prompt Business Strategies say they were working with "Specialist Aviation Services Limited" is in Liquidation ( since August).Really sure are effective Prompt Business Strategies!Https://find-and-update.company-information.service.gov.uk/company/01848773/filing-history
zydecoco
30/11/2024
11:29
It was actually FRP that received that award - see the IFT website:Https://www.the-ift.com/adapt-transform-succeed-the-institute-for-turnaround-the-ift-announces-2024-award-winners/
zydecoco
30/11/2024
09:51
Off topic but of importance to those who are concerned about the effectiveness of Prompt Strategies.



David Stone CEO & Founder - Prompt Business Strategies Ltd 1 week ago

"We here at Prompt Business Strategies Ltd are delighted to share that we, alongside FRP Advisory, have been honoured at The IFT Annual Awards, the UK’s most prestigious celebration of business turnaround excellence!

Together, we received the "Community Impact Turnaround of the Year award" for our work with "Specialist Aviation Services Limited"."

pwhite73
29/11/2024
17:54
Wondering if the test equipment that arrived(?) this month, although primarily for the purposes required by governing bodies involved in prepping standards etc, enables them to provide testings that other companies in the field might wish to pay for? Including routine compliance test services that will doubtless be required once the industry is in full swing and standards (that Versarien are party to the design of) are known.
grabster
29/11/2024
17:15
So you know the CEO?
fireball xl5
29/11/2024
16:59
1manchild - "it is and has been awful for years"

I can't disagree with a single word, just take a look at the share price.

1manchild - "it is time to say good bye and good riddance to a management that has constantly made the wrong decision"

This is where I take umbrage because you wouldn't know how useless a management are in an industry that technically did not exist. Had VRS been into cryptocurrency there would be considerable credence to what you are saying. Had they been into oil, lithium batteries, carbon capture etc the same again. They are into none of these industries they are into graphene.

As one investor said graphene has been a solution looking for a problem. Well the problem is now here and it is called Net Zero 2030.

1manchild - "it really is that simple as nobody is going to give us a sniff of anything with leigh and hodge at the helm."

This nascent industry is not about past names as it has never existed where you could associate certain names to failure like Fred Goodwin at the Royal Bank of Scotland or Philip Green at Arcadia Group.

pwhite73
29/11/2024
16:04
The ceo and the board are not the people for the job so you dont have to start anywhere with me - apart from look at the historic amount of bad decisions which have delivered very little - and please do not claim those meetings are deliverables for gods sake as until they brings in the spoils they classed as a nice conversations.

and you can quote debenhams and comet etc all you like as we are talking about an agile sme in vrs. And the reason most of those companies you mention went bump was down to bad management and/or not keeping up with the times, consumer needs and technology. there are polar opposite good news examples such as the philip morris international brand would go bump when eventually everyone gives up smoking - and so what is it currently doing?

pwhite - this isnt about spin for the future. this is about the here and now as well as learning from the past. it is and has been awful for years and we have given it long enough. it is time to say good bye and good riddance to a management that has constantly made the wrong decision yet does not hold itself accountable - it really is that simple as nobody is going to give us a sniff of anything with leigh and hodge at the helm.

1manchild
29/11/2024
15:41
Be quiet for a while, you windbag.
bbmsionlypostafter mk2
29/11/2024
14:38
grabster - But once you've been CEO its very hard to drop back down to reporting to a CEO again as Dr Hodge did under NR. Ex CEOs go onto start their own companies or try to. Its like being Prime Minister then dropping down to a cabinet minister, you just don't do it. This is why I believe Dr Hodge is at VRS making preparations for the long haul and not using his lectures as a self-promoting exercise.
pwhite73
29/11/2024
14:33
zydecoco - Not necessarily it depends on what news accompanies the refinancing. Ultimately a company can only refinance if it has buyers for the cheaper stock whether they be institutions or retail shareholders. When a company announces the stock has been "suspended pending clarification of its financial situation" it really means it has no buyers for any discount stock it may want to issue.

Furthermore VRS stock is only 0.035p with a market cap of £1.2m. It can easily multi-bag from here on the right news. The right news hasn't come yet because of what I commented earlier regarding the standardisation across the graphene sector both nationally and internationally. Versarien is a lead assistor for the UK government in this area. In house equipment was due this month

RNS 04/10/2024 - "Construction - Following the placing to raise gross proceeds of £550,000, announced on 24 July 2024, the Company placed orders for equipment that will provide an in-house construction testing capability that will help accelerate Versarien's developments of graphene-based admixtures (Cementene™) and quality control of 3D printed products. Versarien is due to receive this equipment in November 2024 and has begun preparations to ensure maximum benefit can be derived from the equipment when it arrives."

pwhite73
29/11/2024
14:07
I don't imagine Dr Stephen Hodge commands a speaking fee higher than the cost of getting to some of the distant places he speaks at. The company funds these. When there comes a stage that the company has no cash left to do so, the history of these talks will presumably be a useful feature of his cv when seeking (or being headhunted for) subsequent employment. He needs to remain visible.

I'm not suggesting he has given up on the idea of Versarien surviving and somehow succeeding - but in the circumstances it seems a sensible thing to be doing.

grabster
29/11/2024
13:54
PW, So it sounds like further downside, again, for existing shareholders
zydecoco
29/11/2024
13:51
zydecoco - "PW, do you think VRS will restructure the finance?"

VRS are currently in the process of restructuring its finance. This is evidenced by Cantor holding voting shares of 6.59% and Spreadex holding financial instruments that are not voting shares but allow the acquiring of 6.08% of voting shares.

When they are going to announce a restructure and what shape it will take I have no idea.

pwhite73
29/11/2024
13:13
"If a business is failing you can bring in new management who understands the sector better and have wider commercial contacts with the hope they can revive the business."

I thought the management didn't matter?

"VRS management are not useless the business is just too small to survive independently without repeatedly rinsing its shareholders."

Rinsing it is then.

kemche
29/11/2024
12:42
supernumerary - "All the indications are that the ceo wants to make it a consultancy"

When the new CEO took over he said this right from the outset. Versarien stood more chance of survival as a light manufacturer, licensing out its IP and monetising its know how. The company never had any intention of competing with heavy industry in the manufacturing of graphene and it can't even if it wanted to as there is no agreed international standards. So a company can be manufacturing graphene in its own country but can't necessarily sell it abroad as another country either has no or different regulatory standards.

This is the problem the whole industry faces at the moment and why the CEO is at the heart of regulatory and standardisation discussions.

pwhite73
29/11/2024
12:31
Stupid and ignorant as ever.

vrs is not a graphene company, it's currently a sintered carbide company with a few other bits and pieces thrown in.

It didn't start as a graphene company, but as a copper foam company.

All the indications are that the ceo wants to make it a consultancy, because that's the only thing he can do. He doesn't appear to realise that being a consultant and running a consultancy are very different skills.

It's a dog, and as far as I can discern will remain one until it finally rolls over and dies, with Chris Leigh extracting the final 1/10000th of a penny from it.

supernumerary
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