Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
For those young enough this share has the potential to be a star when the markets settle down and, I think those that are prepared to gamble will not find another share like it. The only problem is there are no metrics to go on and an uncertain market that is why the price has slid. But interpreting the noises from the company suggest that they are busier than ever and is certainly a share to have in ones portfolio. I would love to acquire some more at a cheaper level and, as usual we live in hope.
From all the criticisms it would appear that all the shareholders want is for some clarity on what you intend to do with their money that they have entrusted you with. Surely this is not to much to ask! Please be informed that with the results we would like up to date guidance on the general overall plan and, we believe this is not too much to ask.
In principle I agree with your comments however, so much has been happening in the markets of late it has to be a nightmare planning for the future and, what price do you pay for a company knowing that while the prospects look good they could change overnight? We expect the company to exercise extreme caution and we would lambaste the BOD if in hindsight we found they had paid too much for their takeover. This is what lies in prospect and is the reason that on balance I am behind the company with my support until after the European elections are out of the way. At least we should then get some clarity on the future be it good or bad in the meantime we expect the directors to be looking after our interests. Lets face it they need to have thick skins to withstand all of our differing criticisms.
To all fellow shareholders. I am quite content for the company to take their time over the cash held until after the European elections in order to see where the financial community is heading. Remember the quote "A FOOL AND HIS MONEY IS SOON PARTED". The most important question is, what will the effect be on companies? I have seen many quotes from the various financial experts regarding the disappearance of a whole host of companies and share price collapses. I do not like the idea of joining them. On a more rational basis will it not be more preferable to pick over the pieces if such an event takes place after all, this is where the real money is made if such an event do take place. The market is telling its own story at the moment and it is not a good one so be warned.
Max your posts is a welcome distraction from the miserable performance of the market, we all know the results should be good however, you would not think so from the share price performance and, as you will be aware the speculators usually move in up to two weeks before results are announced. Yes; the armed forces deserve much more recognition than they do and, this should all start at the top instead of all this petty squabbling taking place by our unqualified politicians.
Heat pumps as mentioned in your article. The heat is for free however, you need energy to drive the heat pump and if you are prepared to spend the capital required you can have the lot for free with the exception of maintenance costs.
This is not a recommendation but I notice "Applied Graphene Materials" are doing very well and may be one to keep an eye on. They do not cover the spectrum like Versarien but their approach to the sectors covered appear to be very similar. What caught my eye was their introduction to the market following a very similar path to Versarien.
To all shareholders who may be concerned with recent events, see BurtonD post 253 11.06. It demonstrates NR confidence in the business and above all else the typical challenges faced by the company and the way in which they are dealing with it. In particular I noticed how other competitors disappeared from the scene as it seems they did not have suitable plans in place. You just need time on your side and a strong constitution to weather the ups and downs. I have never seen such a balanced response to the questions and the confidence displayed by a CEO who never once had to think what he was going to say.
I do not rub salt into peoples wounds and I just try to get them to see how pointless it is to chase losses. I had the unpleasant experience of listening to an investor who had done his cash investing in what someone claimed was an investment that could not go wrong. That particular investment to date has still not made it and, I must admit I too invested in the same company and am still waiting. We are really referring to people for whatever the reason who do not understand when enough is enough but, ask them after the event if they did a wise thing and, their answer will always be no. I am watching versarien like a hawk but will not reinvest unless I feel external conditions are right. At my original investment point I wold not hesitate however, that is a situation yet to be played out.
It is high time some investors took their heads out of the clouds as the times we are now entering is not conducive to making good investments short term. What is the value of any given share? How long will it survive? What is the market doing generally? What is the value of the share relative to other comparable shares? What is likely to happen to the market over the next 18 months? The investor must try to get to grips with the questions indicated before just blindly jumping in with both feet. From my perspective extreme caution is necessary if the investor is to survive the likely coming blood bath. Versarien is not the only company suffering and, that is the reason for my comments. For interest in a falling bear market I was never able to get the right price until it hit the bottom by which time I had run out of investable cash. You just need a strong set of nerves and to lower your sights a little if possible.
Try advising an investor to hold their nerve when they are showing a huge loss, they in all probability will not be interested in listening. I would suggest the current share price is down to psychological behaviour and the herd instinct and there is nothing you can do to change this situation other than to sit it out and wait for better times. My own thoughts on this situation is wait until the price suits you and then buy only what you can afford. While the market conditions are not good it is worth remembering that Versarien has made good progress to date and their products has not as yet failed in tests to satisfy the companies requesting them. With a sound balance sheet and their progress to date I shall be looking to purchase some more in the future.
The state of the market is now highly questionable and I fear there are a lot of investors living on false hopes, witness the European situation with countries slipping into recession. There is absolutely no doubt that in a bull market this company would be flying however, one must adjust to the gradual changing situation and act accordingly. I have no doubt that this company will eventually hit the big time but not before it faces the challenges that other companies are currently facing. For what it is worth my advice is hold your intended investment until there are much better signs like financial journalist pointing to much better times ahead. I do not anticipate such comments until late 2020 at the earliest and I do appreciate that I can be proved incorrect.
I must compliment you on your ability to keep an orderly class, I assume it is the result of a lifetime experience, firm, fair,never rude and always ready to engage. I would suggest you are 12/13 years my senior and as I have already pointed out I was given three and a half years to live by the medical profession. Before I go there is so much to achieve and I am always looking ahead, even in excess of my given time line as it keeps my mind active and without fear. I guess you must be thinking along somewhat similar lines, long may you be around. Able!
Apologies for late answer especially as you have already received answers from posters. I can only answer your question in the following form; Expenditure of the nature you mention has to be approved by the board of directors after proposals have been submitted and these will include cost of project, return on capital invested, benefits to the company and all should be in line with company policy. This is an area where if you get your facts wrong and the scheme is approved the whole project can turn into a nightmare. I have witnessed two different companies where this has happened. Fortunately I was not involved. Able
If the share price reacts to the likely news between now and the results I believe most of the price rise will already have been built in and, therefore I have snapped a few more up today and, given there are no external forces at work I think fingers crossed, they should be at around 10p with the results. My reasoning is all about the strength of the balance sheet, the future order position and the comments of the CEO quoting the results will be above market expectations. The fact that they have not yet spent the £20,000,000 raised does not concern me one bit. Remember they have large shareholders who dictated change of direction in the first place and are obviously happy with the progress to date.
You will be pleased that I have exhausted myself on the subject of banks after this blog. Forgive me, but the Italian bank Carige has already gone bust; The European Central is in the process of bailing them out. The oldest bank in the world Monte Di Paschi has already been bailed out once; is also in trouble again. The price of it's bonds collapsed at the start of 2019. A sign the authorities are concerned; it has emerged that the regulators met with Deutsche Bank 23 times between May and December last year and that coincided with the share price collapse.
The only good news appears to be that companies have not been directly affected and I hope it stays that way. Able!
Sharon Connor sold her house for 183,000 euros in March 2013 and the proceeds landed in her account on 15th March 2013 with the Bank of Cyprus. In the early hours of 16th March 2013 her bank shut denying access to her funds and the government began planning to take depositors savings in order to save the bank. This was known as bailing in. Fearing she could lose 50,000 euros she contacted The Guardian she told them it's making me ill, I felt things were moving forwards on the 13th March I was offered a job and I start on the following Monday, I hit the floor with the news.
In my book it matters not if speculation or supposition, the above event took place and the possibility of it happening again is real.
May 27th is when the European election results are known and coupled with the 7.38 trillion Euro bubble due to CRD(2013/36) is likely to cause panic. The main cause is government sovereign bonds purchased by the banks who have not been required to hold a buffer against losses as the bonds are supposed to be risk free and they are not. The source is Capital & Conflict by Nick Hubble. To get a full understanding you need to read and digest the report.
How it is likely to affect TPG. I do not know and, whatever I have stated is pure supposition on my part except, it begs the question what happens to a company's cash if the bank holding it goes bust?
Taking the opposite view to TruroTrader I think it is more important to go for retrenchment conserving the cash position because if a full blown crisis develops in Europe as seems likely TPG will be in a better position to survive whereas companies with liquidity problems will just disappear. The BOD should only consider acquisitions if the returns are guaranteed and the company being taken over are cash strapped. The information that I hold suggests that by the end of May we should have a clearer picture. The main problem seems to me is how are the governments going to reflate their economies when they do not have the cash and will the banks remain solvent. One further problem, what happens if a company's cash is held in a bank that collapses? Investing is just a game of chance,it is not a question of how good you are but more a case of how lucky you are. The picture that I have just painted is more the reason why the big investors will not commit until they see better times ahead generally. I must admit TPG is very tempting at the current price. Like Max I am sorry at sounding glum. Able!
I would love to be able to answer your question however, I am not sufficiently experienced in that area as I have always tried to understand what makes the market tick and after almost a life time I am still none the wiser. I think possibly the answer may lie in possible trades waiting in the wings as indicated by various posters. I must admit my problem is just trying to buy or sell at best prices and, if I can achieve that then I am happy.