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Muggins
Morning, I did see/predict a drop from 25-15p approx and yes I thought that the SP would wander between 12-17p until there was concrete evidence of orders and those orders converting into revenues and hitting the P&L.
This must be a (relative) low with regards the SP though and the MKT Value does not cover the MWG buy out, If I recall.
Hey Ho - I guess DVRG are in buyers/take a punt territory until 2023
All the best Muggs
Paul - as I recall I saw it coming and have mentioned it on several occasions. The interesting question is how low will it go? I can see no logical reason why it will not fall below the price that GB effectively disposed of a whole bunch of shares.
The market does not believe the jam tomorrow schtick and is understandably focusing on sales, contracts and cash flow. The company is failing on all of these.
Morning All
Did not see this one coming! - SP - 9.75
Big Ouch for Long Term Shareholders!
All the best
Paul the 4th see's it every now and again Hutchy.........!
however muggs not so much..........!
All the best (they are torn..........! :()
In the end of the day, stay in a casino a long time u lose. Stay in this game, if the company looks to be growing, should be laughing. They have the technology to back it up. It’s all on world scale so going to take time. Might be wrong, but looks like knocking down doors. Should be the next stage of Rns :)
I was told several times Hutchy1, after ask'in for a divi time scale..........!
........that this is growth co. hmmm maybe x3 yrs.........!
Guess what, muggs/paul the 4th came along an I had divs in two's........ :() I kidum.....
next year is first profit, and some IMO, you just have to look to see........... :)
All the best (I have x2 vests left to lend out :)
They are not burning through cash, been sensible with it what they are trying to achieve. Yeah she is getting a right return from msys lol.
Talk'in of shirts muggs mate...! how many ya lost in 10 yrs......? :(
" you are absolutely right. I have only been here for a decade which barely counts"
Sales and marketing - will only go up in numbers after higher level terms have been agreed with Gov level peeps IMO. Also don't forget bout Media monks, and the recent employment of Siobhan...! a fantastic coup IMO.........!
https://twitter.com/siobhanoconnor1
Although your obsession with GB's wife would worry law enforcement globally, I can't answer your Dagmara non question..........!
All the best (I've a T shirt that I can lend ya, but that's it..........! :()
As ever Ratty tries to avoid all the important questions. It is almost as if the SP was going up and they went burning through cash.
Odd that Mrs GB is getting a nice return when the shareholders are losing their shirts.
All your jam tomorrow talk is making you sound like GB!!!!
Poor mugginsthedog. You need to contact the company and tell them there is a mistake on page 11...
Or you are liar. Here you go, reminder of your post:
mugginsthedog
28 Apr 2022 10:34
"I am a significant shareholder."
Get a calendar out and you might be able to figure out when H1 ends. Might be beyond you...
Gidget, World Cup would look a good probability:
https://www.moph.gov.qa/english/mediacenter/News/Pages/NewsDetails.aspx?ItemId=493
But how did trip go?:
@Foodie_
Replying to
@gjbrandon
Same as, got in to Cork 23.45 last night from LHR after leaving Doha at 13.00 local. But, a good week!
1:32 PM · Jun 25, 2022 from Cork, Ireland·
https://mobile.twitter.com/Foodie_/status/1540674221482713090
Ratty - you seem to be rather keen to avoid answering any of the rather pertinent questions and suggesting the veracity of some statements. To help you here are the relevant quotes:
‘During the year, the Company paid £25,800 (2020: £27,000) to Dagmara Brandon, close family member of the director Gerard Brandon, for professional services provided to the Company.’ I presume that this is the same Dagmara Brandon who sold DVRG shares?
Note 10 average number of people employed
Sales and marketing 3 (2021). 6 (2020)
This compares to the number of admin and other staff who have increased from 31 to 62. Perhaps that explains the lack of orders!?
I look forward to you addressing some of jc’s points. Whilst you are at it perhaps you might address why the SP has collapsed from 70p to 10p if everything is going so swimmingly? This share is a dog and GB just cannot answer any of the relevant questions. Nothing in the recent announcements on the breathalyser, cruises, China, all the JV s that were due to come to fruition, none of the big sales. In the real world he is steaming through cash with nothing to show for it.
Yeah it will be, but not the PD. When are the 200 PD been shipped?
A rose by any other name....
Chief Business Development Officer in Qatar:
https://mobile.twitter.com/Foodie_/status/1539652023364136960
Another clue:
@gjbrandon
New distributor training today!
@Modern_Water
. Having a new partner in Dalian, Liaoning Province, China. Let's improve people's living environment together! https://linkedin.com/posts/linianli_new-distributor-training-today-modern-water-activity-6942405251320745984-PCK8?utm_source=linkedin_share&utm_medium=member_desktop_web #DVRG
@DeepVerge
11:11 am · 14 Jun 2022
https://mobile.twitter.com/gjbrandon/status/1536652525675454466
'course it will all go over the head of our resident one trick pony...
Good to see a sensible analysis.
Seems that they ran through most of the £10m by the end of the year. Tax seems to be one of there main sources of income.
Two extraordinary points;
- although overheads have gone through the roof the number of sales people have halved from 6 to 3. Maybe that’s why sales are so poor?
- Mrs GB got paid for £25k. - this is the same Mrs GB who sold shares in DVRG but forgot to mention it.
Still invested here but seen my investment drop by 60%. Have to say I'm not a big fan of the final results. Still a huge amount of potential on the horizon - but it always seems to be just on the horizon.
Couple of Qs / points
- Why are sales so second half weighted?
- Strange TP didn't update their DCF price target given it's based on approx 6mil net cash and 5mil in free cash flow for FY 2021 (actual being 1.8 net cash and -8mil FCF based on cash used in ops and investing). This must affect FY 22 numbers and beyond
- 6.7 mil in receivables at year end is really high?
- To me, the high receivables suggests DVRG recognise the sale when there is a 'production order' and then receive cash on delivery. Why then is the 700,000k miss on sales target due to a manufacturing delay? (i.e. shouldn't the sale still be recognised in the period, just the receipt of cash would be delayed?)
- First payment of £500k on the loan due Oct 22. Do we think we'll be bringing in enough cash to service this, or will we be diluted?
I have to say, I do find it Galling re-watching Gerry's interview with proactive dated 31/3/21 where, from 24 mins onwards, Gerry give a cheeky laugh and suggests "I am confident we will be comfortable with more than 10million" [in sales this FY].
I remain invested thanks to the number of MW trials with governments across the world and the potential for STC club to go big but, as Katie replied to Gerry in the video above, 'lots of hinting in this interview I'm sure there will be big news coming our way.'
Yes Katie, always lots of hinting.