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If they do £10M this year I am hoping it will at least double for next year but that is really just eyeballing what with be booked this year and assuming it will grow next year as new products hit the market. If overhead doesn't expand further (costs (investment!) are being incurred now but we can suggest that the will remain level(ish) in light of expanding sales at CoGs of 40%. Straight to the bottom line type stuff.
Pg 9/14 of the TP note RorkesDrift.......
https://www.deepverge.com/wp-content/uploads/2021/01/Deepvergeplc_Research_Update_11January2021__FINAL_BG.01.pdf
£2.5m profit '22E , for estimated.........!
All the best (on £16.5m rev......... now where's me dividend....? :()
Next step is £10M+ annual sales and profitability. That is what the BoD has stated and confirmed in last update.
The rest of it may or may not happen. None is promising jam or anything else - otherwise they would adjust forecast.
The various projects may deliver - you do your research you take the risk. All of these things will take time - maybe GB has his timings out but are you any less confident they will happen - others are hence the decline in SP - no news is not good news. Revalue the company, decide on value. Decide to hold or sell. Cannot win them all but good luck especially if you hold.
I'm holding - the wastewater thing rather than anything else. To be honest don't understand the rest of it.
Great. So can you tell me what we can really expect next quarter?
Muggs investing tips for 2021
1 Buy a share.
2 Hate with a passion.
3 slate
4 Don't sell!
5 Hate
6 Don't sell
7 **** off on BB's
8 Don't sell
9 Don't sell
!0 point out negatives on BB's
11 Don't sell
12 Hold!
13 **** company off
14 Don't Sell!
.............................................
Hear, hear Shark, too much promotion of MSYS going o through DV imo? After all they are only one of many companies we're collaborating with Why are STC following them on twitter for example?
Agree with most of the sentiment and some of the points here, not sure why the SP needs to go any further down though. I don’t care about dilution if it’s above 50p. They just need to nail one of those orders down. Surprised they only started recruiting sales people only recently. Its a tech business and reasonably valued compared to other market players - the skin and water databanks are of considerable value on their own.
MSYS fanfare is gonna take centre stage next week which is gonna upset the dv holders. The focus needs to be on dvrg.
It is blindingly obvious to all but the most deluded fantasists on this BB that DVRG is simply not performing. The half year results were tragic, barring a minor miracle they are almost certain to require a heavily dilutive fund raise next year, the so called China deal keeps getting pushed out – perhaps it will not happen at all, the breathalyser is going backward (why no RNS?) and the complete lack of orders.
The only surprise is that the SP has not dropped into the teens.
Great technology but a complete inability to deliver. Ever more jam tomorrow.
As GB seems incapable of delivering perhaps it is time for the BoD to bring someone in who can?