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This company comes with a health warning after giving out a series of failed order announcements. History keeps repeating ...... The only thing you can place your trust in is money on the balance sheet.
Understand your thoughts and your frustration and yes i haven't discounted a low ball buyout, update from company on sales progress would be welcome.
Buyout at £6m would give share holders the choice to take their money and run with the sp at an equivalent of 1.3p or risk losing more.
Have to say having been here for several years now I’d be sorely tempted to reduce my losses and put an end to huge frustration.
I understand that but whilst the BODs are unable to communicate anything positive other than this MOU in the last six months I’d say they might be more likely to sell and trigger a mass sell off. Seems to me to be very much in the balance between taking off with good sales being announced with Metrotile, Lindab AB AND now NZV and seeing a swift return towards 2p or it crashes and burns and with no cash behind the company to take it forwards it either gets bought out cheaply or goes into administration. Can’t really see the latter happening but a buyout on the cheap looking more and more likely imho.
The company are clearly struggling as they refuse to give the market anything to feed off. Could all be in the pipeline already . Buyout for £6m?
Just feel if the directors (who you would expect would participate) would want to show there confidence in the company and placing at 0.5-0.8p won't do that as the dilution will be too great.
How?
I agree there may be a placing but i personally feel it will be at a price between 1.2-1.5p.
This is getting interesting. The Vultures are circling, waiting to gorge themselves on misfortune. And on the other side, little old me, hoping there is still life in the company. I wonder which side will prevail?
I am not trying to ramp anything up. Due to the lack of news on sales and cashflow I do not have a crystal ball that will tell me what will happen. I am pointing out that in my opinion the board will try different avenues to raise cash if required since it is in their interest to do so. This is an AIM share and therefore carries risk. People should proceed with caution when buying any share.
Jesus people of old still trying to ramp this dog, had a quick look over the company and it seems a placing will be very much needed here quite soon. It will have to be at a heavy discount to succeed as well, proceed with caution before buying any more shares.
I see your point . Gavin Mayhew signed up for £300k worth (20m shares) at 1.5p in June 2022 and since then it's been a disaster here. He can't be too chuffed with the way things have gone but...there are signs of recovery now. Metrotile, Lindab AB and now an MOU with NSV with potentially a new plant being paid for in Sicily to get manufacturing under way.
What would really help is to hear from the CEO just once in a while regarding any conversations or possible developments that might be taking place in Thailand where he resides.
I've been a holder here for several years and just can't decide if it's a keeper or it I should just tale the hit and sell. It's renewable energy and should be thriving but I guess there is a lot of competition globally.
My one hope is that the next sales figures are going to be much better than they've let on. I can dream...
It is difficult to see a placing at this share price. The board have large share holdings and a placing would be hard on them. We know sales are doing well and most people would have thought that the corner had been turned. The news of the JV has gone down like a lead balloon. I am not selling, which may seem foolish to some, but we are one or two sales away from the mood changing. The board need to get their communication skills sorted out. I can afford to lose "something" can they afford to lose "everything"?
"Beware Romans bearing gifts"
Lot of sells probably in anticipation of imminent placing. Company has been woefully quiet and almost predictably releases a semi positive RNS which very much looks as if it’s trying to rally the sp so they can raise at a decent level but, as posted recently by someone, trust has been eroded owing to terribly long periods of silence. No one really has much of a clue as to how the company is really doing and of course if it was doing well the company would be shouting about it. Not really sure what other conclusions investors are meant to draw other than things are tough. Obviously some have had enough
VDTK own the technology but need to put a rocket booster under sales. This wouldn’t even be a MOU if the potential wasn’t there. This is definitely good news even though we await more meat on the bones.
Maybe they have been given an offer they cannot refuse? If there are potential orders in the pipeline that exceed the production capacity of the current factory then this is really good news. But due to the lack of any news on current orders people have no option other than to use the spartan "if" at the moment.
Come to think of it, perhaps there could be benefits to being in Sicily. If the mafia were basically running the factory, and we know that they control the construction industry, they could enforce a strict regime of Verditek panels on every new property.
If the JV is genuine and not some EU grant caper then it may be a good thing. The BOD have lost the trust of investors and the new partners will have half the new board. The devil is in the detail. When orders are on the up I do not see any reason for the JV. Maybe they know something that we do not?
A possible JV would be a fabulous result here after two or three really awful years. The MOU shows the BODs are looking at the right kind of issues to propel VDTK forward and out of the mire.
Ongoing paucity of comms certainly not inspiring investor confidence.
Just a little more transparency on contracts landing might help and thus prove that VDTK are currently generating some income and allay fears of an imminent raise.
Anything really would be an improvement. I know someone posted a while ago that they’re terrified of Tom Winnifrith but surely they have enough concrete news on contracts now not to worry about what ever he comes up with..?
Maybe 50% of something is better than 100% of nothing, although the share price does not seem to agree.
A Lord (the Chairman) in Westminster, a CEO living in Thailand and premises in Italy. Makes total sense.
But for all that I still believe they can pull something off here. Products are of proven quality hence numerous players in the sector willing to get involved. One stroke of luck with a good JV and it’s out of the traps imv
I have two gnawing concerns.
1) Even 500k could be devastating if investors fear dilution and the share price falls in advance. If the price naturally settles back down to 0.5, then people get a snifter of a raise, it could tumble further at which point 500k could devastate holders. It might never happen, but….
2) Sicily. Ugh. After the mysterious photovoltaic heist, which was fishy as anything, a new factory in Sicily just fills me with dread. Backhanders anyone? Siphoned profits? Luckily we have a Lord as a chairman. Oh wait…
If there is no rally on the share price and VDTK have to do another raise at a discount then why don’t NZV just buy them outright? The JV will cost them several million so rather than pay that out for 50% why not just have it all for themselves and bring VDTK technology and know how in house? Buyout for £8m??
MOU's don't mean an awful lot in practice. Show me the money....!