Member Info for martyh

Yes - I picked up the 20MW-50MW figures from the interview but initially assumed that additional production lines would be required. It's great that they can get 50MW from existing line and that this could happen very quickly (without any delays in ordering machines).

Thanks Feeks,

I'm a member but hadn't seen that post. Found it now.

Another gem someone posted is that the Italian factory can be scaled from 20MW to 50MW just by increasing the number of shifts. Therefore no additional capex or delays required.

Thanks Feeks,

Where did you see that he didn’t take a salary?

Cash flow positive in 2020!

'In the first weeks of my tenure, I have addressed the overheads within the company to make us lean for a more fit for purpose, hence significantly reducing the monthly burn rate. I expect that with the reduced overhead and expectant ramp up in revenues that we will be generating free cash flow within 2020.'

Must mean sales will ramp up quickly.

Looks like 20WM isn't going to be enough:

'Due to the increased demand seen, one of my first decisions was to increase the operating capacity of the facility in Italy to cope with the expected order levels over the coming months. The work to increase capacity has already commenced.'

'we have already achieved our first commercial order in the oil and gas business, subsequent to which we have received our first order in the marine sector and agricultural sector.'

New orders in marine and agriculture sectors.

Strategy

Verditek takes early stage positions in technology businesses and provides financial discipline and funding to take them through to commercial revenue and growth. Technology and market risk are managed by investing in technologies which service different markets and are at different stages of maturity. Cash generation from interests which are closest to revenue will supplement the investment needs of the businesses with longer technology development cycles. Near term strategic objectives include:

Sales: Verditek Solar Italy, our next generation solar cell technology company, is now in production and is generating revenue. As has been seen by the recent RNS, we have already achieved our first commercial order in the oil and gas business, subsequent to which we have received our first order in the marine sector and agricultural sector.

We continue to expand into verticals into which we can displace liquid fuels, and secure orders at attractive prices, the majority of these clients will operate in harsh environments which are ideally suited to the durable, lightweight panels we manufacture.

We continue strengthen our global sales reach increasing the number of agents and distributors appointed around the world, this deeper market penetration will allow Verditek to ramp up the sales funnel quicker and hence deliver the projects we need. This increased global presence has already enabled us to secure order in South Asia, South East Asia and Europe, while we are also targeting Australia as a potentially important market in the mining, marine and agricultural sectors.

This new team has already identified a previously untapped opportunity requiring, we believe, 2GW of lightweight solar panels, in one vertical, in one geographical area alone.

In our push to move from wet to dry fuels, we are aggressively targeting the remote microgrid market which combines our solar panels with batteries and/or back up generation to provide dependable power in remote locations.

https://imefficiency.com/feed/press-release-funding-2020-may

Thanks Feeks - do you have a link?

Thanks Feeks,

I’ve been reading everything here too. Some excellent posts here from yourself.

There have been a number of posts on the other site in the last few days (advf.n). Worth reading. I post there as Mcfly79.

Let's hope for a good week.

shareman10,

Thanks for the info on the garden/shopping centre. Please could you tell us where this is located and how you knew they were from Verditek?

Many thanks.

This is Verditek's brochure:

https://verditek.com/uploads/product/Verditek_Transport_Brochure.pdf

Nice tweet from Verditek showing a case study of adding their solar panels to refrigerated trucks.

hTTps://twitter.com/Verditek_PLC/status/1273932242604167168

Payback period is 1.74 years. Hugely appealing economics for the truck operators. Plus, of course, there is the environmental benefits.

The annual saving for a fleet of 1000 trucks is £4m. This means a £7m initial cost (based on 1.74 year payback). Some of that will be on other components and installation but the majority will be for the panels themselves so will be revenue to Verditek.

There are tens of thousands of refrigerated trucks in the UK alone. With many operators having fleets of over 1000 trucks.

This wiki link puts the worldwide number of refrigerated trucks at 4 million in 2010.

hTTps://en.wikipedia.org/wiki/Refrigerator_truck#cite_note-3

The numbers just from this one application are potentially huge.

Great - thanks MB

Great post MB.

Where did you get the figures for the smaller IP branded tours?

Thanks

If anything, I think the situation will have improved more rapidly than David was expecting.

A lot of the upcoming tours look like they can go ahead.

The tour calendar for 2020 is here:

hTTps://www.bricklivegroup.com/downloads/Calendar%202020[4]%20v.1.pdf

Most of the Zoos with upcoming tours are open or opening soon:

Allwetter Zoo, Muster – opened at the start of May
John Ball Zoo, Michigan – opened on 5 June
Granby Zoo, Quebec – opening on 20 June
Banham Zoo, UK – opening in July
Bristol Zoo, UK – preparing to reopen

UK shopping centres are also reopening tomorrow so tours based on shopping centres can go ahead.

Just posted this on advfn:

I’ve been watching LVCG for a long time and have bought in the last few weeks.

I like the business model of the touring assets and the figures look very good over the next few years.

As has been mentioned the touring assets create very high margin revenue and have a very long life.

They also have a very short pay back period of under a year and in some cases shorter. As mentioned, one tour paid back in 6 months.

I’d highly recommend potential investors listen to the video interview David did on the share-prophets conference in May - very frank and lots of great information. I think the videos are available until Christmas for a £10 entry fee.

The company has aggressively cut costs (not just furloughing workers but making material permanent long term cost savings).

He still expects to be profitable this year - with EBITDA ahead of last year.

Things will be back on track in 2021 (although some knock on impact from this year).

Before Covid, Shard we’re forecasting £2.8m EBITDA for 2021. I’m thinking this may now come in about £2m.

That already makes the market cap of £12m look cheap, but I think 2022 will come in much stronger still. David expect EBITDA to come in equal to, or higher than, forecast for 2022 (helped by the permanent costs savings).

I don’t think there is a 2022 forecast in the market but given the 2021 forecast was £2.8m I’m hoping for over £4m for 2022.

At that point there will also be large free cash flow, having invested over the previous years in building up the touring assets.

I’m hoping the market cap can get back to a £40m valuation over the next two year (50p share price).

Great posts Feeks,

I hadn’t made the connection.

That could be huge.

More tweets from the new Verditek twitter account.

This one highlights remote diesel fuelled telecom towers, where solar is a natural solution.

https://twitter.com/verditek_plc/status/1270668672433094657?s=21