London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Let’s hope the new management (ceo) and (cfo) cleared the decks of a few muppets who crashed this company into the lowest MC ever ,and a new beginning with honesty and proper growth and better future prospects has just started.
We have customers and a few successful and profitable products the market needs..
Seems far more stable today waiting to hear positive news.
RNS yesterday was reassuring with confidence and confirmation that dvrg is alive and kicking but needs a little fine tuning.
Holding strong
GL
Everything’s so flat out there. Clear market bottom in my view. If this hasn’t triple bagged by the end of May, I’ll eat my hat. And drink some of Modern Water’s polluted samples.
Maybe they need to change the Chairman ....he is still part of the "old school" and he sounds like he isnt likely to blame himself for anything
1.5 to 2p all over this.
I'm in, same as you guys, just a punt for me. As hasiba said "Agree Mcap now is well below the net asset value..", completely also agree.
Good luck all.
"Where is the negative" are you for real, lol. This is a corrupt huge -10 bagger.
I wish you well with your punt. Good luck.
Agree Mcap now is well below the net asset value..
New management seems straightforward honest with experienced CEO putting his industrial reputation on line here. He also has vested interest to the success and turnaround of a failed previous members of previous management.
Low debt to total equity and capital …around 21%
Net tangible asset value per share 1.49p
Cash in the bank to keep going all its operations and servicing its debts..
Directors hold good numbers of shares..
News of imminent new contracts on the way..
Where is the negative at the current sp!? It’s like buy one share and get two free
Classic undervalued, bombed out sentiment caused the sp crash…
As always dyor
Holding strong
GL holders
The NAV value is pretty decent and makes the current MCAP look silly....although the risk is in the need for financing , due to the low cash level .....but...revenues are in the pipeline from current business ( a lot of Licencing revenues) ...and there is a pipeline for possible new opportunities ...so....all in all..not a bad risk/reward punt ... with no guarantees, of course
52 Week High 16.40
52 Week High Date 01-Aug-2022
52 Week Low 0.525
52 Week Low Date 19-Apr-2023
I think I sold last time at around 10p....a punt of course but i can see 0.8 to 1p soon enough.
NewUncle, Apologies if anybody has already explained this but trade financing more often than not would inlclude invoice discounting (you "sell" your invoiced sales for an upfront payment, say 60% of the invoice value, to a finance provider; you remain responsible for collection of the debt and have to reimburse the finance provide if the debt goes bad; on payment of the debt you repay the finance provider the amount you were advanced plus a fee - could be anywhere between 5-10% of the invoice value; those may not be the exact mechanics but that is effectively the result). The only problem I foresee is that finance providers tend to be selective about which invoices they will finance and governments and/or public bodies tend to be a no-no (because they are nortoriously slow payers; the ideal customer is one who might normally be expected to pay within 30-60 days; if you can advance ,say, 60% of an invoice value and earn, say, 5% of the invoice value every month, you can double your money each year - not bad)
good price to get in, 17p year high and gap upto 1.4-15p!!
@ .5725p..
Risky but rebound in sp is near imo…
Bad news are now behind us
Incoming news should help recovery and sentiment..
GL
maqsood7 on the pump AGAIN!
Instagram, not Facebook...
Anyway article on GQ website today (what a week to promote the DVRG brand):
https://www.gq-magazine.co.uk/article/personalised-skincare-cosmetics-for-men/amp
up up and aaway
dropped from lot higher and way to recovery now!!
gap to fill at 1.4p!!
good luck all
Agree.
RNS sets some assurance that MSYS is not gonna pull trigger and quell the rumours that were going round
It all about deals in pipeline now
The Company is exploring funding options including trade finance as a stronger balance sheet would enable the Company to accelerate delivery of some existing contracts and increase confidence in seeking new business.
Further to commentary in the Company's 17 April 2023 notification, at present the working capital position of DeepVerge is such that the sum total of its trade receivables (net of impairments) and cash balances together exceed the sum total of its trade creditors and other payable balances (with the amounts owing to Microsaic set out above included in this).
loads of buys
Genuinely hope that it turns out well for you all.
Not letting you buy now, they are going to march it back up
And an extremely solid RNS just now. Well clarified. I’m feeling comfortable. KAM, we’ll see who was right in time. I’ll be happy to own up that I was wrong and threw away my money if that turns out to be the case. Hope you do the same if we fly up from here.
what?
It would take too long to give details of my buys,top ups and sells over the years. More to the point dvrg and msys share prices are decling daily and dvrg collapsing/ suspending could be catastrophic for the other msys.