Am I missing something?13 Aug 2022 16:34
I am a long(ish) term holder here (3yrs+) and am currently about 20% down on my (5 figure £) holding.
I love the work the company undertakes and am continually amazed that the investing world is not all over DVRG as a future winner across several differing industries. Our market cap. proves this!
I don't pretend to fully understand the intricacies of the company's finances and appreciate that the share price reflects the 'experts' views on risk and reward. I have invested based on my amateur gut instinct of the future of the industries we operate in rather than in depth financial knowledge (not what an investing professional would do, I know, and probably a factor of my losses!).
I appreciate the interaction Gerry has with us via Twitter and enjoy the comments from the other regular contributors over there and on here. They have been a factor in several top-ups! (again, I know, not a good idea).
My hope is that surely with all that is happening in the world regarding covid, contamination detection, sewage problems, climate change and specifically water based issues at present, we are perfectly placed to be snapping up major contracts to help companies and countries all over the world through our Modern Water division. The constant stream of drought headlines we all see and that Gerry posts about on Twitter can only back up the benefits of Modern Water's services. This is obviously Gerry's reason for doing so. Of course a huge amount of work is going on across all divisions that we know nothing about until we get the RNSs. How long until the MW government contract that we are all waiting for, or a major STC or Labskin development?
I am tempted daily to top up my holding (and did so recently at 11p) but then wait another day as there does not seem to be any major buying from the big institutions that must know what they're doing (so we are led to believe). What am I missing? Gut instinct and the risk taker in me says Deepverge will be a long term winner and that the current share price is a huge opportunity but then common sense and the fear of over committing holds me back. After all, what do I know? The share price is where it is for a reason, isn't it? A common dilema for many on here I'm sure! We all want to be the clever one who bought low before the big contract RNS drops, not the idiot who bought before the profit warning!
I'm very happy to hold, (and will no doubt top up again soon) and just wanted to put my thoughts down. Good luck to all other holders and keep up the good work Gerry and the team.