If there was going to be a profit warning for FY19 they would have had to issue it by now. Any Board has to issue a warning as soon as it is apparent to management. For a HY ending June they know the numbers by now.
It is possible that they are at the lower end of concensus but I don’t see that they could be more than 5% off the concensus numbers.
Share price will be driven by both the outlook and any evidence of organic revenue growth I believe.
I was disappointed they didn’t issue a trading update in July, which I had interpreted as the numbers being soft. Waiting for the official results will let them get more of the integration complete and offer areas to focus the future outlook and opportunities on.
Ultimately it’s never clear cut with this company, could go either way!!
Hopefully Berenberg will be more active researching and promoting the business. Would be good to see a broker note and forecasts for the business. Never been able to get hold of a copy of the Canaccord note that supposedly went out in March/April.
Yes, great to see it going public. Amazed anyone is selling any shares. Many more similar positive releases to come. I’m sure at some stage there will be a setback but no hint of anything but further strong news flow over the coming weeks.
Very happy with my holding here.
Agree with that Franco. Only other but I would add is that to me it appears that TW just wants to publish his views and not have them challenged. Most CEOs are remote and view shareholders as getting in the way of their lifestyle. One thing I like about VRS is Neill’s engagement with shareholders generally and that he is happy to challenge the negative stuff. I put that down to him having the best long term interests of the business and shareholders in mind.
The fact that all TW’s rubbish gets challenged is a pleasing irritant, one which TW can’t move on from.
I’m pretty sure every shareholder bought in not because of the historical revenues and losses but the future potential of the business. This you cannot value by simple accounting ratios as TW and his cronies only seem capable of doing.
Interesting tweet from Neill a few hours ago. Trying to get same terms for IIs and PIs. Didn’t realise he might be trying to get any IIs on board.
Also he had previously been saying PIs wouldn’t want to be involved as strike price would be above market price. That was when we were at 90-95p.
I’m hopeful that we’ll get a 15-20% premium for bigt taking such a large holding.
Not long to wait.
Looks like something either about to go horribly wrong there or the management team want to buy the company. Just hope it isn’t us buying them and not tying the management team in given Neill’s recent comments on M&A activity!
Capt, I was one of those with Arm. Bought early pre share split at the equivalent of 40p. Thought I’d done brilliantly when sold out at £1.20!!
I’m later to the party with VRS, avg of £1, but determined not to make the same mistake again and will hold a significant stake for a very long time.
Aiming to chuck in working in 4 years and hope this will help that become a reality, got just over 700k shares in the Sipp. Far too heavy a weighting but in the do not touch drawer for 12 months as a minimum as I can’t find a better prospect. Will need some boring income stocks at some point.
Agree Aqua, plenty more news coming before the BIGT news by the looks. Every piece of news remains clearly on a positive trajectory. Of course we'd all like big orders but it is worth remembering that with a new product development lifecycle of c3 years and all our collabs being less than 2 years people shouldn't expect material revenues for at least another 12 months. They will come though and be very significant in my view.
It remains the nearest company to resemble ARM and that got taken out for £24bn! Listed in 1998 acquired in 2016. It's designs went up 10 fold in 5 years from 1998 and by 300 fold in the period up to acquisition.
Once the pipeline starts producing for VRS the revenues will grow very quickly and over a sustained period.
I often wonder how many of these journalists drive only looking in the rear view mirror or whether it’s ever crossed their mind that looking ahead at what’s coming up is a better indicator of how their journey will turn out.
Fair enough if you’re in a mature business with little growth but that certainly isn’t Versarien.
As ever let’s just see what news comes along between now and the next results.
Agree fish, I can't find a better share at the moment to be in that should perform over the next 3-5 years. I'll hold certainly for this period though will no doubt take some profits at some stage (though not before £3). This week has been very enjoyable. Normally when I boost my holding in a company materially the price tanks. The 460k bought since 1st May at £1.04 average looking good tonight though.
I agree, a good update with clear progress over the year and post year end.
What a business can't do is rewrite history and when you compare the comments on each of the CAs from Jul18 and Dec18 it is clear that none have been quietly dropped off, all are still present. All demonstrate clear progress (apart from Sky/Ineos) with the older ones showing the most progress. If you bear in mind many have talked about 3-5 years to get new products to market the oldest of these CAs is not quite 2 years. The progress is impressive.
I'm sure the company will never be able to progress at the rates we'd all like but demonstrable progress is clear and the revenues and profits will come here and build quickly I suspect.
Yes I'd like to see more detail on the key 5 areas, sales, margins etc but am prepared to trust the management to deliver here. If we'd seen CAs dropping off that would have been a red flag.
VRS will not have a monopoly on graphene, it's going to be a hugely competitive market that will sustain a number of competitors given likely market growth. The fact they continue to reach agreements with major global companies and not seem to get any competitors encroaching on their space is testament to the quality of this business.
Quality businesses will survive and thrive in growth markets. Onwards an upwards from here.
Agreed, few companies anywhere on the stock market seem to have such a clear strategy, well communicated to shareholders, and then deliver against that strategy in such a planned and meticulous way. Further evidence that Neill and the team know what they're doing to create a major company for the long term. This looks more and more like the next ARM, building to a multi billion market cap company.
Matt, Aisin Seiki isn't the Japanese company that the RNS on Monday was about. That was found by one of the ADVFN posters but then taken back down so as not to compromise the NDA (as I understand has happened before creating trouble for VRS). At 100k employees Aisin is too small!!! Of course they could still be working with them but just not announced anything yet.
Hopefully next week's results will provide updates on all the various CA/LOI/MOU that are in play. Aecom news would be very welcome.
Tardis, I know Shroder and Tosca were there. Only found out after the formal part so not sure if they asked any questions in the open forum but I don’t think so.
I didn’t speak to the Tosca representative and I don’t think anyone else did from a PI perspective. I believe the Shroder guy knew them and had mentioned they were there.
Shroder’s were positive on TAP and the BoD. They have been holders for a long time since certainly 60p so we’re not showing a loss. They backed the team to deliver value. They had partly suggested that TAP buyout the ex CEO’s stake to avoid a huge stock overhang for months. No concerns at all, including over Uber, seemed they were in for the long term.
No doubt having said all that we’ll get an RNS on Monday saying they’ve halved their stake!
Good to see.
Looks to me that Patrick will be straight back assuming he clears his name, which I’m pretty confident he will.
Patrick is an out and out salesman. Brian is there to run and scale up the business and ensure delivery of orders etc. The job titles used show that too. They would complement each other well.
Hopefully we’ll see plenty more signs the US is moving forward.
Well I can see another buy back announcement by the end of July. At current level of purchase they’ll be through $5m by the end of this week and through the rest by mid July.
As they had a board meeting before the AGM and assuming monthly at a similar time then c15 July would be the next one.
Given how considered the original buy back was there must be a strategy in play here. They still have $60m net cash to play with.