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At one time, yes. But per the google charts MODE is down 53% from a year ago and HE1 down 13%.
I invest for the long term, so i would be disappointed with such positions after a year.
HE1 is a helium resource stock. The spike came during the drilling, which returned less than expected results. It then crashed akin to POLX when the FDA rejected its device. Both stocks being examples of binary outcomes. It happens or it doesnt. If it does then great, if it doesnt then catastrophic collapses. The same with oilers and miners.
MODE spiked on the early 2021 bitcoin boom, with PI's cashing ARB profits and jumping to the new BTC linked stock. After that early buz cleared MODE shot themselves in the foot by announcing a retail contract with boots, ocado and homebase. The same day the three retailers denied the agreement and the SP collapsed.
DVRG, however, is rapidly building revenues and isnt reliant on one single event coming in. Some could argue that the CR contract not being signed would be catastrophic, but imo the CR contract isnt priced in and our present SP is supported by all the good things that are confirmed. All imo, of course. Plus, GB has already confirmed in one of the recent interviews that CR hasn't been signed as there are final negotiations that need to be done in person. The pandemic has halted transport in/out of China and so this is likely the cause of the delay.
It's reassuring that DVRG is so high on the list. Clearly there is a lot of potential here and 2022 is going to be a big year.
However, i would take his SP predictions with a pinch of salt. He pretty much predicts a bag for all shares in his top 20.
No.1 (HE1) and No.2 (MODE) on his 2021 list have had bad years SP wise, after early year spikes. No mention of them this year....
I think we were 11th last year, and i recall that we were regarded as "the next open orphan"
We may well get more interest following our high ranking on the list, but he doesn't go into much detail relating to what we offer, just that we are probably worth less than the sum of the parts and that a US listing would probably value the company about 10 times higher
Happy new year Paulcon.
Hopefully 2022 is the transformative year that the DVRG potential promises
On 11 January 2021 DVRG confirmed its revenue guidance of £10m for YE 2021.
Just before Christmas GB confirmed on this board that the TP research note that predicted 2022 turnover of £24m was based on discussions with the company and that such an estimate couldnt be made without company approval (or words to that effect).
So, within the next week or so we could well receive 2022 revenue guidance in the region of £24m, up from 2021's £10m.
At some point soon we should also receive unaudited results for 2021, which will confirm £10m revenue (+/- 10% as no RNS to the contrary).
This would be great news and would really set up expectations for the year ahead.
What effect do we think the above news would have on the SP? £10m revenue = £50m mcap and 24p or so. Could we expect £24m revenue to equal £125m mcap and an sp of 60p? I know its not that simple, but the present SP seems very cheap when considering what is going on within DVRG.
We all know that the SP spent a lot of 2021 in the 30p range, this with expectation of £10m revenue. It would be nice to see a rerate in the SP. I think 2022 will bring said rerating and more :-)
For turnover of £1.6m across 15 months and losses of £2.9m.
By comparison ORPH has nigh on nailed on turnover of £50m and is profitable. This supposedly only provides a further £70m in mcap... hmmm
Different company and different market (detection). However, it looks like they are either heavily over valued or we are heavily under valued, imo
Each contract runs for like 6-8 months and the contracts dont always start right away. Revenue recognition in 2022 is based on when the work is delivered. Realistically, once we get to May/June time ORPH will be signing contracts for 2023.
Still, 95% of 2022 revenue prior to 2022 starting is great. We've probably got another 4 or 5 months to add to that imo. Expectations should be exceeded :-)
Good point glebe.
The 2021 revenue projections were largely based on continuing operations. Existing labskin and modern water revenue, just ramped up based on q4 2020.
As we head into 2022 we have the aforementioned revenue sources plus:
- Skin trust club on two continents with a third on the way (incl potential mass order from retailer)
- microtox PD orders
- microtox BT orders (potentially)
- MWMS vans out and about (potentially)
- sale of skin trust data out the other end (potentially)
I dont expect the 2022 revenue guidance to be based on Q4 2021 multiplied by 4. Once the above mentioned revenue streams come on tap there will be a material uplift from the current existing operations.
We also know that 2021 revenues will be between £9m and £11m (10% either side of forecast) as any variance of 10% needs to be RNS'd to the market
Of course, there is still time for a revenue projections update (either way) but with only 7.5 trading days until Christmas i would be amazed if much more happened before the year is closed.
The stocktwits board has come alive with reference to the free bitcoin. Perhaps this news, allied with the continuing pomp association is starting to spark interest in some early birds that have done their research.
At the time of writting a chance to win $47k just for downloading an app and setting up an account. That's quite appealing given it takes, what, less than 5 minutes to do?
Its all publicity and this may be what the modgf surge is in relation to. Time will tell if we see a jump tomorrow
The train station adds look pretty clear to me.
"Ignore the noise. Do it right. Own bitcoin with mode"
With a couple of bitcoins as graphics.
Simple and punchy. If you own bitcoin or are interested in the market then you will know mode is at least a wallet.
Right now they want mass. The aim is to get the name out there. Thus pomp and brunel and the tweets requesting you share etc
The best add slogans dont contain 50 words so you know exactly what the business offers in detail. They need to capture the eye and convey a message. I think the mode advert at the train station does that for the target audience
100,000 STC kits at £100 is £10m!
Obviously a large retailer would negotiate a lower fee per unit, say £40, but still, £4m plus the name gets out there and DVRG get more and more data.
And that is one relatively small order from one retailer. If it takes off STC could be sold on mass to many more retailers!
It's a nice update and it is good to see DVRG focusing on mass use, portability and accessibility. But no doubt some will point to more R&D success with nothing tangible from a contract perspective.
This will follow, imo. DVRG are building one heck of a surveillance system!
More "blarney"? ;-)
When he said news by Christmas for the long-suffering shareholders back in Oct/Nov i took it with a pinch of salt.
When he essentially re-confirms that point with only 11 trading days to go i am fairly confident that he is intending to gift wrap it!
Surely it couldnt slip into 2022? As SeenRight84 says, it would be very damaging at this point
Very impressed with the interviewer. She relayed a fair few concerns that shareholders have. Worth a watch when the recording is released
As said in on of GB's tweets this afternoon. All the pieces now in place. There is only one that seemed to be evading us which was mass manufacture, which CR would offer...
He has also mentioned legislation in his tweets. I wonder if we are to see some government legislation that insists upon wastewater monitoring?
All speculative but i am looking forward to tomorrow morning in the hope of a juicy RNS!
Aside from the day BT was mentioned (the now famous day that many a troll points to as being a complete flop) we haven't been able to break through 35p. Hopefully the right news tomorrow will see us finally get beyond that resistance (like Tom Hanks in castaway when he finally gets over that wave and leaves the island. He uses part of a porter loo as a sail... hmmmm.... a good omen?)
GB certainly goint all out on twitter. The SP reaction cant be twitter alone. I think an RNS is in the pipeline and those in the know are loading up. Nice to be 30p bound once again. Hopefully the patient are rewarded!
In terms of square feet, indeed, @gjbrandon. But a boeing 737 is about 33 metres in length, which was used to quantify the length of one side of the hypothetical square, as were the 3 buses and the blue whale.
It's difficult to visualise how big 10,000 sq feet is. But everyone will be familiar with the length of a 737 or 3 london buses (or the whale :-) ). So to visualise a square with each side being the length of a 737 is approx 10,000 sq feet
My maths is a little rusty but a 30m by 30m square is 900 square meters, approx 10,000 square feet).
To help with perspective, 10,000 square feet is about 930 square metres, which is an equivalent to a square with each side being about 30m in length. A blue whale, a boeing 737 and 3 London buses are all roughly 30m in length
Hopefully we get some news. If not CR related, then perhaps another piece in the puzzle, perhaps a US manufacturer MOU.
CR this side of Christmas would be brilliant news. As has been said before, it probably wont result in the SP multi bagging, but it will a massive sign to DVRG holders that the show is on the road and we are ready to take orders (large orders!)