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Cash flow positive in 2020 is way better than I was expecting. Sounds like the manufacturing line is soon going to be very busy.
20Mw capacity is clearly not enough to cope with expected orders.
Increasing Italian capacity is underway and licencing agreement for further production is in negotiation.
PH makes a statement regarding the predicted income from 20Mw based upon the lower sales price believing it would generate £6m before EBIT. He went on to state that using a P/E of 14 the MCap would be £84m and the SP would then be 25-30p. But that is based upon 20Mw. Just think where this could be if they have 50Mw or 100Mw capacity. Seems demand is there and within a few years maybe they will have that sort of capacity considering their view to be market leaders.
This still does not consider the potential with Graphene.
Could be looking at £s not pence within 24 months. Long way to go from here.
Very very positive and looking forward to the next 3, 6, 12 and 24 months to see how this unfolds.
With free cash flow there is potential for a dividend. The dividend could be more than 5p per share in 36 months time.
The cash positive comment and reference to licensing shows a focus on ensuring that capital is used wisely and i suspect means no further capital required. The £20m market cap is grossly below where it should be, even if just 20MW is sold, a target i suspect will be smashed this year!
Cash flow positive in 2020!
'In the first weeks of my tenure, I have addressed the overheads within the company to make us lean for a more fit for purpose, hence significantly reducing the monthly burn rate. I expect that with the reduced overhead and expectant ramp up in revenues that we will be generating free cash flow within 2020.'
Must mean sales will ramp up quickly.
Looks like 20WM isn't going to be enough:
'Due to the increased demand seen, one of my first decisions was to increase the operating capacity of the facility in Italy to cope with the expected order levels over the coming months. The work to increase capacity has already commenced.'
'we have already achieved our first commercial order in the oil and gas business, subsequent to which we have received our first order in the marine sector and agricultural sector.'
New orders in marine and agriculture sectors.
Strategy
Verditek takes early stage positions in technology businesses and provides financial discipline and funding to take them through to commercial revenue and growth. Technology and market risk are managed by investing in technologies which service different markets and are at different stages of maturity. Cash generation from interests which are closest to revenue will supplement the investment needs of the businesses with longer technology development cycles. Near term strategic objectives include:
Sales: Verditek Solar Italy, our next generation solar cell technology company, is now in production and is generating revenue. As has been seen by the recent RNS, we have already achieved our first commercial order in the oil and gas business, subsequent to which we have received our first order in the marine sector and agricultural sector.
We continue to expand into verticals into which we can displace liquid fuels, and secure orders at attractive prices, the majority of these clients will operate in harsh environments which are ideally suited to the durable, lightweight panels we manufacture.
We continue strengthen our global sales reach increasing the number of agents and distributors appointed around the world, this deeper market penetration will allow Verditek to ramp up the sales funnel quicker and hence deliver the projects we need. This increased global presence has already enabled us to secure order in South Asia, South East Asia and Europe, while we are also targeting Australia as a potentially important market in the mining, marine and agricultural sectors.
This new team has already identified a previously untapped opportunity requiring, we believe, 2GW of lightweight solar panels, in one vertical, in one geographical area alone.
In our push to move from wet to dry fuels, we are aggressively targeting the remote microgrid market which combines our solar panels with batteries and/or back up generation to provide dependable power in remote locations.