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Great thanks for the info DJ79 it's appreciated!
It would be nice even to have some tweets from their business page whilst we wait for RNS's wouldn't it. The last one was a video of one of the factory workers lifting a panel with one hand. Hopefully they'll be lifting them onto lorries fulfill orders in the near future.
In any case its good to see this forum more active, with new investors coming in. Welcome all and enjoy the ride
@TPKart I base this on the following:
At 31 December 2020 they had 1.7m in cash. Their annual cash burn was 1.8m last annual report (higher in previous years) and about 0.9m over H1 2020. This might have slowed down somewhat with a change of their sales approach and impact of COVID, but I don't think by much. I fully agree the stockpile they have can be a great source of revenue, but then they have to start selling first..
My average price is 8p and I would love for them to do well. I really think they have the potential to do so, but with a lack of news time unfortunately is against them. I agree fully that it won't take much to get this going again, but then something must get going at least
https://polaris.brighterir.com/public/verditek/news/rns/story/rg4413r
https://verditek.com/uploads/document/Verditek_plc_Group_Annual_Report_and_Financial_Statements_Year_Ended_31_December_2019.pdf
https://verditek.com/uploads/document/Verditek_Group_Interim_Accounts_Jun_2020.pdf
I bought back in at 4p, at 14m mcap it will not take much to move, especially as its gone quiet on the BBs and Twitter. I plan to take a profit at 6p and leave the rest in a ISA. It could go the other way I may be wrong but I see green stocks to go on a bull run this year. IMO GLA
I’ve been in since June last year with 150,000 shares. My average cost is 12.5p which is not great. I’m not the type of trader that sells in the red so just waiting to double my position to catch the run back up. I think this company still has legs, there’s a ton of orders still to be fulfilled. ****stan, Saracen Pro in Chala, Black Tulip in Puira etc. This post was to put a wet finger in the air and see who’s still around.
DJ17 - They raised £3.5 million in October, and they have "just under 1MW of finished panels in stock ready to ship". Where did you get the info that they will run out of cash this year? Even so, IMO there's still plenty of time to get more orders, or for the current orders that have been delayed to be fulfilled. I guess that's why the price is so low right now, because of lack of news flow and the risk involved.
Also, in the last RNS in regards to the 2nd generation panels it says:
"The new certification we are aiming for should also cover a wider range of tests and enable wider distribution in more international markets. This process which includes ISO9001 accreditation has recently commenced, and full certification is expected in the second half of the year."
This suggests to me that they are optimistic about trading on the future, not closing up shop so to speak.
Obviouosly DYOR. I'm happy with my investment with the potential upside. :)
Hi Filament,
Been here since December, about 50k shares deep. I intend on holding. My initial plan was to keep increasing my position but given the silence and lack of deals and the estimation that they will run out of cash this year I am not as confident about the terms at which they can (if they even can) raise new funds
Hi Filament, I've only been in more recently, but just holding my hand up to day "Here!"
How long have you been invested here?
It's all very quiet on the news front isn't it, hence the price, but I don't think it will take much to send the price back up IMO. Good luck all.
Can I get a show of hands to the investors that are still here, the likes of Feeks, Sophie, Cat and the like. Who’s still in and holding and who’s out and not coming back and/or looking to get back in after positive news. I’d just like to gauge sentiment. Cheers