RE: News23 Sep 2018 19:05
Hi Trek, I’m looking in again.
Revenue last year was 1.23M.( a few grants in there) current MCap £16.3M.
2018 revenue ‘could be’ significantly higher but the dip in the SP suggests otherwise?
18 Patents granted, 19 pending.
The exclusive agreement with Arvind in May looked interesting but the market didn’t like the lack of numbers.
Personally I like the fact Arvind produce over 100 Million metres of fabric & 6 Million pairs of Jeans, Directa’s involvement here has good potential but we need figures pertinent to Directa.
The Alfredo Grassi Order that they announced as a Second major order on July 4th 2018 looks just like the initial order announced on 28th September 2017, so I’m wondering if the market didn’t like being duped regarding this, hence the current SP.
I like this Company & the BoD & with the tiny freefloat of 15.4M share price could move up rapidly on proper news.
Directors bought at 52 & 51 pence.
I’ll buy again this week in the mid 30’s & hold. Feels like value at this price.