Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Probably my post. Kiss of death!
Still don’t change the fundamentals, I am not expecting a placing.. Hopefully it’s just a seller cleared and we can have some liquidity here.
Trek
Yep dropped 93 to 82 EOD. Not loosing sleep over it. Shame, been on the steady up compared to everything else today!
This is showing as 11% down at the close , something nasty happened by the looks of things , i wonder what? Price monitoring RNS out after close of markets too.Tin hats tomorrow , wtf.
It’s recovered from the NexTech spike and subsequent sell off. Been little volume but enough opportunity over the last month for people to leave if they so wished.
I am hoping we have seen the back of 88/92/88/92 incessant prices and we sneak quietly through £1 soon.
Trek
share price dropping again Today ,looks to be across so many other shares that in red Today
Thanks itsyou...
Obviously Grassi already use Directa's Thermal Planar circuit in their work wear range, especially the Fire fighter gear(including the Paris fire dept)
Translate by YouTube "Open Transcript" then Google's "Translate to English"
01:35
we are making big investments on
choice of new and new materials
products in particular I mean a
of the latest news using graphene as you can
see on these fabrics applied to textile
as you see graphene can be
applied both on the heads of the brigade
fire but not only products
highly technological like this one
novelty we have just developed that
a bulletproof vest
https://www.youtube.com/watch?v=eit7AMuEG30&feature=emb_logo&ab_channel=Grassi1925
covgaz,
Normally 20 years.
The formal granting of the recently announced US patent is in a couple of weeks on the 9th Feb, as declared a couple of days ago :
https://register.epo.org/documentView?number=US.201716324831.A&documentId=1-1-US++163248310UP1+
This one is primed to pop one day , hopefully this year. Anybody any idea how long the patent lasts for?
Thanks Trek - some of the snippets from that and my thoughts
Recover $150k of hydrocarbons a month, for a cost of €55k($66k) - what a no brainer for companies globally to instead of costing them money to clean up, actually make a profit in doing so! In this case a profit of $84k per month!
GC mentioned in the latest Proactive video that global players were currently testing it - 5m 15s - https://www.youtube.com/watch?v=IjguBsPOfxQ&feature=emb_logo&ab_channel=Proactive
"this production capacity would recover hydrocarbons worth around $150k per month. With such impressive performance transforming the waste into value, it is unsurprising that OMV has rapidly agreed an increase contract value to around €55k/month for Directa Plus’s subsidiary Setcar"
Some big numbers of potential markets :
Global water/emulsions
"the potential annual value of oil that could be recovered globally by the unique Grafysorber technology from treating emulsions is estimated to be between $18bn and $120bn per annum."
Recovery of valuable hydrocarbons from sludges
". Recovering the c20% usable hydrocarbons from this with Grafysorber could extract up to $0.5tr of easily accessible hydrocarbons."
"The accelerated commercialisation of its patented Grafysorber technology (granted in EU and USA) alone could be worth many multiples of the current valuation. "
Thanks trek and WOW what a market for them..
Assuming a similar hydrocarbon recovery rate as with OMV of c25% (as calculated using information from the 11 January announcement), and a discounted oil price of $38/bbl (30% discount as per a low-quality crude to be conservative), the potential annual value of oil that could be recovered globally by the unique Grafysorber technology from treating emulsions is estimated to be between $18bn and $120bn per annum.
Part 2
The announcement last week also noted the economic recovery of valuable hydrocarbons from sludges had also been demonstrated in 2020 with Lukoil. With annual sludge production from refineries estimated at over 100mbbls per annum and a higher recovery rate over 70%, this is another multibillion opportunity for Grafysorber. Further to this, a number of sources* estimate global volume of oil sludge waste in tanks, lagoons and pits around the world at around 9bn tonnes. Recovering the c20% usable hydrocarbons from this with Grafysorber could extract up to $0.5tr of easily accessible hydrocarbons.
? We iterate our view that Directa Plus is an underappreciated, undervalued and more mature and lower risk play in the UK listed environmental technology and nanomaterials space. The accelerated commercialisation of its patented Grafysorber technology (granted in EU and USA) alone could be worth many multiples of the current valuation. We appreciate that commercialisation with the conservative international oil and gas sector will not be immediate, but with commercial results such as that with OMV and Lukoil proving the value proposition, monetisation could happen sooner than is reflected in our model (which only assumes steady growth through Setcar).
OMV Petrom Contact
The contract with OMV Petrom relates to oil recovery from existing high-volume emulsions stored in the OMV Petrom Tank Farms in Romania. The project was paused in 2020 as a result of the pandemic but resumed in November 2020 and this month saw the treatment capacity increased to 2,000m3 of emulsion per month. The extension has been agreed on the basis of the positive results to date of the Grafysorber® technology.
Grafysorber
Directa Plus’s patented Grafysorber® technology is a commercially-available graphene-based solution for treating water sludges and emulsions containing hydrocarbons and is at least five times more effective than current technologies – adsorbing more than 100 times its own weight of oil-based pollutants. In addition, Grafysorber® is sustainably produced, non-flammable and reusable, with the adsorbed hydrocarbons recoverable.
Trek
Directa Plus has had its contract with OMV Petrom extended and increased. The contract, initially awarded in July 2019, was for the provision of decontamination and oil recovery services using the Company’s proprietary Grafysorber® technology. The initial value of the contract was €150k (of which €75k was delivered and invoiced in 2020) and this has now been increased to €410k, the balance of which is expected to be fulfilled by June 2021.
? On the basis of the better than anticipated trading from Directa Plus in 2020 (revenues of €6.5m compared to our forecast of €5.5m, which reduces the perceived funding risk), and appreciating the global potential for Grafysorber following the results with OMV Petrom and Lukoil (discussed in more detail below), and with the OMV contract significantly extended today, we increase our DCF based price target to 160p (from 122p) through a reduction in our discount rate to 13% (from 16%).
? Comment: In its trading update on 11 January 2021 Directa Plus announced that its project with OMV Petrom has been successful in treating high volume emulsions from upstream drilling activities and transforming a waste stream into valuable hydrocarbons clean enough to return to the refinery for processing. In our report on the trading update we estimated that the proposal to increase capacity to process 2000m3 per month, as confirmed in the contract extension today, this production capacity would recover hydrocarbons worth around $150k per month. With such impressive performance transforming the waste into value, it is unsurprising that OMV has rapidly agreed an increase contract value to around €55k/month for Directa Plus’s subsidiary Setcar.
? The potential value of the Grafysorber environmental technology globally is very significant indeed and we believe this is not yet appreciated by the market. Estimates for global water/emulsions produced from the oil and gas industry vary greatly, at one end IFP Energies Nouvelles estimates it around 300 million m3 pa (1,890mmbbls pa). At the other end the EIA estimates around 3 barrels of water/emulsion are produced per barrel of recovered oil, leading to an annual figure that could be as high as 12,400mbbls pa. Assuming a similar hydrocarbon recovery rate as with OMV of c25% (as calculated using information from the 11 January announcement), and a discounted oil price of $38/bbl (30% discount as per a low-quality crude to be conservative), the potential annual value of oil that could be recovered globally by the unique Grafysorber technology from treating emulsions is estimated to be between $18bn and $120bn per annum.
Trek
now out ,was a nice up with share price
Relatively few shares here. A decent NexTech update and we will rerate to £4 in a blink. That’s the issue with these shares you sit here for years, you get loads of news and it’s not in the price then suddenly over a couple of sessions it rerates!
250-300 mcap is not unreasonable for us given we are ebitda positive and growing rapidly.
Usual caveats
Trek
I stand to be corrected , are we at a new high?? All looking good :)
They did the same last year(cover costs and tax benefit I assume), 12 days before announcing a $3m Setcar contract
Agree, not much in this other than a ‘little pocket money’.
https://www.londonstockexchange.com/news-article/DCTA/exercise-of-options-and-director-pdmr-dealing/14827948
Trek
It's all good, they all sold just over 40% of the options they took and retained the rest for the next leg up.....
Well there is yesterdays big sells explained , director with his nose in the trough. Makes yer blood boil , mine anyway.
Solid so far. Is 90 the new 77? Order being filled too maybe? Not many shares about so hold on to what you have , this seems to be going places very soon.
be goodif theyy keep buying up the big sellers shares
larger sells then hopefully might not drop share price back ,or drop share down as much .
Call for better coronavirus masks for all medical staff
By David Shukman
Science editor
https://www.bbc.co.uk/news/health-55537624
Can someone make a speedy introduction please?
Somebody obviously building a position here , bid raised from 88p to 90p , a mere 2.22 spread down from nearly 5%. And we still have the big seller on board too. All looking good for a lift off soon imho.