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If you look closely you will see that in fact Walker Crips are a wholly owned subsidiary of Doritos asset managent co and Monster Munch investment partners. Funniest thing I have seen in ages.

How dare you Trading Lad!! I spent a long time calculating that share price valuation using a range of commonly used methodologies. One IPO will create revenue to invest in other start ups. The heavy discount to NAV reflects the fact that none of the businesses has commercialised yet and it takes time for them to mature, but that would change rapidly if there is news of salt sales and IPO for Belluscura. My share price would be conservative for 2 or 3 successful businesses

About 4352p per share.

Ddubya - just about everything is above the wit of the common man! C'est la vie. This will be a news driven share, and will slip back on no news. Take your position I say.

I see any news like that as hugely positive. We absolutely want to see owners of real estate persuaded by the economics of rooftop solar. The uptake to date is a tiny tiny fraction of where it will end up eventually.

When what is going on?

Marked as a sell, but does look like a buy for the reasons you state. Lots and lots of things going on here. It unlikely there will be much longer to wait before there is more news.

There are some placing and subscription shares to clear - there have been chunky sales over last two weeks and who can blame anyone for profiting on a quick turn. That's what these people do.

I feel lucky as a relatively recent TEK investor I don't have any of the mental baggage of a long wait for FDA approval. But I do think the lack of news on that front is weighing on the share price, and for investors and COPD sufferers alike, I do hope that the instructions are not like the ones produced by Ikea .....

As I have said before, though, I expect the crisps will bring home the smoky bacon to us all. Mind you, still no news on my request. £25k a packet not enough unfortunately.

Steveiom thanks for your post. What's the reason for the company repeatedly missing its targets on FDA approval since mid-2019? Also, wil 510k clear the way for immediate sales amd AIM float, or is there another plan now?

I am going to need to qualify what I said earlier about cost of production. I don't know the total panel production costs. What I do know is that indium tin oxide is ridiculously expensive and China has most of it, whilst graphene is plentiful. But I have no idea about manufacturing costs of graphene panels - they are not quite there yet so probably no-one knows.

By the way - if you don't know the MW investment site take a look as it as some of the Verditek reports are with the free stuff. It is well worth the annual subscription money as he is covering this stock, and also the site is an excellent source of original investment ideas and comment.

http://www.michaelwalters.com/stories/news.phtml?num=5640

http://www.michaelwalters.com/stories/news.phtml?num=5647

But actually there is another important factor with the graphene cell: it is also much cheaper to produce and nore environmentally friendly because you can do away with expensive indium oxide.

Yes I believe 1% is huge in solar efficiency terms and hence commercial pay-back. At 20% solar is already able to compete very effectively

Approx. £250k late reported sales from 4 June. Sale of professional adviser fees or subscription shares?

ok, so I accept you are probably right. I see no good reason why at least it would not apply to other delivery vehicles too - we know about the EAV e-cargo vans already. Those look fab.

The best efficiency savings will be on the high mileage high value fleets though I expect. Anyhow someone here said Rob Richards is primarily gunning for the oil and gas markets which makea sense given his company background

Banaman have you finished buying. I thought I had done because I have a lot now but goigng through the numbers now I am not so sure.

Ok glad we agree on that then. PE of 10 on that sort of profit assuming there will be plenty more sales to come and it looks very tasty! I dont know what panel efficiency is now, but 20% would be in line with the usual best in class for monosilicone and seems to reflect the costs savings brochure claims. 25% efficiency would be a 25% improvement on that, so the costs figures would by my reckoning bring the payback period down to something like 1.43 years. It seems like a no brainer for the logistics sector.

ps. It is Paragraf with an "f"

Bananaman --
I read in one of the RNS from last year that they need to sell 6-7MW of Italy capacity to break even. Again, I might need your valuable help with the revenue/ profit calculations please. Someone here said annual cash burn is £2m? I have not checked but I am using that figure just for illustration. Taking your figure of £1.5m revenue per 1MW sold (from the brochure) suggests that current business running costs are covered by 1.5MW and maybe 5.5MW additional revenue (£8.25m) is what is required to cover the annual running costs of the factory - presumably this is due to what would be a big increase in employment costs, energy costs and the cost of purchasing expensive solar panel raw materials. That still leaves 13MW (approx £19.5m) clear revenue which drops to pure bottom line profit. Does that look right to you or am I making a stupid error somewhere?

Hi bananaman. Thnakyou. Actually I am very glad you said it is 200 lorries not 20 as I did my maths last night and that's the number I arrived at too! And even more comforting that it might not just me struggling when it comes to coverting W to KW and to MW - it all makes my non maths brain hurt and its easy to get it wrong by a factor!