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Very nice! Love topping up at bottoms and then you get good news! GLA, plenty more contract news to come this year i think..
20p this week?
Just been offered 14.2p to sell - no thank you!
Can’t get a quote to buy at all.
Looking very good.
VDTK's SPVs are opening up new markets so the opportunities are endless. I suspect that they will focus on the highest margin opportunities in key strategic sectors which provide the opportunity for l-t growth. Key challenge will be how to expand capacity and how to allocate resources. Not surprising that they need a new FD to handle these complex issues.
Agreed Bananaman,
So many huge markets. The Middle East drilling rig market is 2GW.
My point was that the share price doesn’t even factor in 20MW yet. On 20WM of sales next year we should be value at 30p imo.
Of course I’m hoping for far higher sales.
Completely agree Feeks, and I think the addressable market is now becoming larger than the £5bn figure, as Verditek open up huge new verticals.
martyh. I M Efficiency, once trialled may be worth 20Mw on its own.
No no no. They will licence the manufactuirng. There will be factories strategically positioned to manufacture the panels around the world. Reduce shipping costs and lead times.
I think 20Mw will be achieved by the end of thebyear easily and 55Mw capacity by this time next year.
The market is that big within 2 years they could be selling 200Mw of this stuff per annum.
Don't get started on graphene.
feeks, fire me a nod to shedjockataoldotcom
So many positives here:
*Large follow on order is a huge validation of the technology.
*Order valued at a good premium to the 1 Euro/watt base price.
*Opens up a large new market with the Regional Government.
This must now give confidence that at least the initial 20WM target will be hit next year. 20MW at this kind of pricing (1.2+ EUR/Watt) could mean about £10m of EBITDA. Surely the market will start to price this in now. This is before the expansion up to 55MW.
Time for a little perspective-
Verditek is currently gunning for a 1% share of the £5bn per annum market in flexible lightweight solar panels. That would sell out the 50MW Italy factory, which would justify a valuation at 10x current share price.
But the RNS states that it is "major confirmation of the Company's leading position in the large-scale, portable, rapidly deployable, ultra-lightweight solar market from a respected International group."
A 1% share of the market is clearly not going to be the limit of ambition for the market leader. The potential here is truly massive, and the company is delivering right on cue.
brilliant. Absolutely brilliant. A repeat customer.
Confidence in the product and value it will add to the business.
https://www.londonstockexchange.com/news-article/tidm/headline/14643341
What a fantastic piece of news to wake up to!