Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I hadn't opted in to any specific session FF so it appears it has been sent to all attendees.
Just received email from the Reuters Impact event highlighting Modern Water. Narrative of email is:
"Modern Water is a pioneering and innovative technology company, specialising in membrane water treatment solutions and advanced monitoring products. We use artificial intelligent data analytics to remotely detect and identify in real time dangerous pathogens in wastewater treatment plants, drinking water, rivers, lakes and reservoirs.
Want to find out more about Modern Water and what we do.
Drop by our booth or book in a meeting with us during the event to chat to our team about how we can work together."
Button in email takes you to:
https://reutersevents.app.swapcard.com/event/reuters-impact/exhibitor/RXhoaWJpdG9yXzU0NDQyMw==
If you've ever been confused on here by references to the various DV/MW products, here's your chance to get the details straight from the horse's mouth.
The Miscrosaic Systems brochure seems to relate purely to MS and includes the comment:
"The Company is working with a range of established OEM partners, distributors and research organisations to co-develop and commercialise new solutions to improve productivity in environmental and human health." On that basis, suggestions of a takeover of/merger with MS by DV may be over-egging the pudding.
Given that this email will, presumably, have been sent to all those registered for the Reuters Impact event, it certainly should raise the DV/MW profile significantly (assuming, of course, that recipients of the email take the time to look further).
For what it's worth, I bought SKIN at 22.48p on 5 Aug 2020. I had a 4 figure profit on that fateful day in September 2020 when I allowed that profit to evaporate, pretty much on the same day. Eventually I 'stop-lossed' out. I bought in again at an average of 29.5p and watched the SP bouncing off the support in early July 2021 (around 32p) and held on to watch a three figure profit turn into a four figure loss as of today. I'm still holding but being at almost exactly the same SP as over 12 months ago is not where I expected to be. One thing to keep in mind, though, is that environmental degradation is newsworthy and becoming a greater concern (for some, at least). An article in today's Guardian, is an example.
https://www.theguardian.com/environment/2021/oct/03/heatwaves-sewage-pesticides-why-englands-rivers-need-a-new-deal-to-avert-crisis
Another thing, the dilution caused by the greater number of shares in issue now than in the past effectively means there has been a small increase in the SP.
I do wonder about the amount of time some people seem to have to spout off on this BB. Seems it's more like social media than informed discussion. It reinforces my stance not to be on Facebook, Twitter, or any other social media network. Time, like water, is a precious resource. May I respectfully suggest some make better use of it rather than waste it spouting off on here? I've been guilty myself of posting frustrations on here so take it from me, it doesn't do anything to improve the SP!
Noticed this on The Guardian. Given the numbers and the rapidity of development, a good indicator for DV given that whilst not everyone needs to rely on biotech per se, everyone on Earth needs clean water.
https://www.theguardian.com/business/2021/oct/01/welsh-scientist-makes-potential-539m-fortune-from-biotech-flotation-in-us
It isn’t simple, it’s simpletons who can’t spell, have no clue about grammar, who damage the efficacy of any semblance of marketing done by this company. I wonder if the contracts they draw up with potential customers are as riddled with errors as the website? Might explain why things take time to get over the line. It’s a bugbear I’ve raised before and it’s ubiquitous throughout the printed material published by the company, including the RNSs. Make it someone’s job to revisit all published material and correct every single error. Who knows, customers might begin to take them seriously!
To add a little clarity. You may recall GB saying in a presentation that he’s up at 6am and goes to bed at 2am. You’d have to be Our Man Flint for that not to affect your work rate. Yet he manages to follow BBs such as this one and it appears directly borrowed the ‘rainbow chasers’ comment from this BB earlier today. Perhaps one of the extra staff is an assistant to GB, who knows.
I feel sure that there are a number of investors here who would have liked a better return than an RBS current account (ie nil) over the past 9 months. At which point does a LTH here become like the chap with cash in his RBS account who should have invested it elsewhere some time ago? Who knows.
I for one will be switching off for the next three months, partly due to the conceited views of some here that anyone with a view contrary to their own is somehow a punter. The DV BB seems largely to have avoided the delusional claptrap you see on BBs for other shares on LSE and the associated mud slinging but that may be changing.
A bientot.
We're three and a half months from the end of the year in which GB has categorically stated that there will be no new capital raising. Relatively easy to make such an unequivocal statement with (someone calculated) 8 months cash on hand. On that basis it's an easy statement to make for 2021. Watch for early 2022 as if expectations do not materialise by year end there will indeed be a need for further capital early in 2022. Last capital raise costs were apparently at 6% of funds raised. If that turns out to be for 6 months of funding (July to December 2021), pro rata rate per annum is 12%. May be cheaper to get a loan from the bank.
Involvement with the Reuters event may well generate new business but at DV's historical rate of converting customer interest to cash it could be some time before that produces any concrete sales.
I remain a sceptical investor but like I said in a post yesterday, it looks to me like 2022 has greater potential to be a transformative year for DV rather than 2021. As I also said in a post yesterday, expect the SP to bounce around 30p for the next 6 months; right now, 30p would be a vast improvement!
GB and his crew are beginning to look like a bunch of wide boy chancers. Lots of spiel, not much substance. Hope I'm wrong but massaging the figures doesn't wash with me. Lots of promise with products but why is this not translating to real sales. If historical H2 weighting of sales has indeed shifted to H1 then the inventory of £1.953m plus at best a repeat of the £3.319m sales in H1 doesn't even get us to £10m for the full year.
Widening losses in the interims are disappointing. As are the ever present typos (singular for virus mixed with plurals bacteria and toxins in the very first paragraph, third paragraph ‘increased costs (plural) was (singular) offset’). Can DVRG not pay someone to get such basic presentational skills right? Don’t see the SP going anywhere northwards until final results are in and the promise of H2 orders materialises into cash. Will be interesting to see whether the increased wage costs will be met from sales or there’ll be yet another round of capital raising.
T.Rat. In context, I was in turn basing my comments on what had gone before in the thread. You will note I mentioned ‘real sales’, ie. not projected/estimated income. The last accounts spoke about the potential for ‘competitors rendering certain DVRG technologies obsolete’. ‘Real sales’ would suggest that the customer has considered the competition and chosen to go with the DVRG product.
A follow-on 50% increase in real sales the following year is not being easily pleased, it’s rather seeing my patience with my investment in DVRG starting to come to fruition. If DVRG real sales run away with themselves in an upwards trajectory in the meantime, great. If they don’t, very likely we’re in for more of the same (bouncing around 30p until the next round of capital raising with the consequent dilution for LTHs and any damp squib announcements in fact negatively impacting the SP).
The SP fell below support around the beginning of July and hasn’t recovered since. It’s not for nothing that people say ‘cash is king’. DVRG’s losses increased last year despite increased income from the MW acquisition (notwithstanding any other accounting adjustments).
2021 has the potential to be a transformative year for DVRG, more likely 2022 in my view given the slow CR JV with even that having to navigate the current trend by the government in China towards an insular view. I’m hoping it will be one or the other but until the projections translate to real sales then they’re only projections. When it comes to business, cash is king!
If ‘turnover has grown by a three-figure sum’ that suggests £999 max! Not very impressive!! Triple-digit growth, however, even using the lower base of £4.483m gives a minimum of an additional £4.483m, so call it £9m projected minimum for 2021. If my memory serves me correctly, projected t/o is £10m for 2021. Even using a higher comparative of £6.65m, that’s a 50% increase - pretty impressive methinks given the turmoil of the past 18 months albeit I acknowledge it’s not triple-digit on that basis. Clarity is key so it will be interesting to see how this is presented on Wednesday.
I’d be happy to see DVRG do £10m in real sales this year and a 50% increase in 2022. Trouble is that would only likely move the SP by a rough equivalent to 45p (£10m t/o is clearly already embedded in the current SP), significantly short of TP’s projected SP of 84p. As ever, it’s wait and see but the waiting game is very tiring.
NU, when you say ADVFN is 'full of Blueys', the conundrum is 'how many overweight Australian policemen can you fit on one BB?' :-)
Saw the Siemens name and remembered this
https://electrek.co/2021/01/13/siemens-offshore-wind-turbines-green-hydrogen/
Siemens May have their own plans for available land nearby.
In a similar vein
https://www.reuters.com/business/sustainable-business/stanchart-ceo-says-companies-must-act-climate-change-cant-bank-governments-2021-08-10/
The bank’s own target re financing net zero carbon emissions companies is hardly ambitious.
Thanks for clarifying GW. I have a life beyond owning shares. I've spent laborious hours in the past trawling over accounts etc, only to be sidestepped by the market. I'm a minnow in a very big pond. Anyway, back to the life beyond shares :-).
Thanks GW et al, that's all very helpful.
Is that the correct company identified by HD2U (company number 05602983)? If so, it's been around producing trading company accounts for around 12 years. In any event, all things being equal and assuming liabilities have been paid on time, the VAT creditor in the Aquascience accounts to 31 Jul 2020 potentially suggests a turnover of at least £223,020 for the final VAT quarter, poss around £1m for the year. Is that correct GW? Assuming all 'taxation and social security costs' relate to Corporation Tax, that would suggest a taxable profit of £76,263 (£14,490 x 100/19). Is that correct GW? I note that the tax creditor has reduced significantly from the previous year. Has there been a reduction in profit despite the possible increase in turnover to the PY?
Interesting to know who the competition is. I'll keep an eye out for the next accounts (due by 30 Apr 2022). Thanks.
Thanks GW
That being the case, how is it that the group of MW employees that quit are set to achieve a workable PD or BT unit ahead of DV? Who owns the patents on the technology? What has this new company done differently to ensure they are not in breach of the patents which I assume DV own having bought MW outright? Where did the MW employees manage to secure sufficient financing?
Thanks in advance.
Seems there are some very different camps of opinion on this board but I have no intention of being drawn into either camp.
So, regarding 'the competition launching its own equipment by the end of the year', who exactly is 'the competition' please? Regarding 'from the evidence, MW is a dumpster fire' what exactly is 'the evidence'? As I say, this is not to decry out of hand anything anyone else has posted but I am intrigued.
I saw this on the NHS website (it's oldish so apologies if this has been discussed before on here):
https://www.hra.nhs.uk/planning-and-improving-research/application-summaries/research-summaries/the-value-of-breath-analysis-in-diagnosing-covid-19-e-nose-covid-19/
It specifically refers to a medical device validation study and the study is scheduled to last 1 year, so that appears to be until 4 March 2022. The study relates to an eNose device. DYOR notwithstanding, I'd rather not lose the will to live reading medical articles, so, respectfully, can anyone shed light on the differences (or indeed, similarities) between BT and eNose please? Muchas gracias.
If = of. At odds. Slow iPad and autocorrect - two other banes of my life!
At third time if trying due to lse refreshing it’s page. How annoying!!
The abridged version is that there are 1,000 litres in a cubic metre so TP suggesting on page 5 of their report that “realisticallY, a typical UK wastewater plant processing 30m million cubic metres of wastewater/day” is grossly at what is said in the preceding paragraph, i.e. “in England and Wales alone, there are 7,078 sewerage treatment works, connected across the UK via a network of 347,000km [of - yet another missing connective] pipework that collects 11 million litres of wastewater daily”. Which figure is correct given that 30 million cubic metres = 30 billion litres, and that supposedly for ‘a (i.e. one) typical UK plant’? Are there 212.34 trillion litres of wastewater processed in the 7,078 plants in England and Wales alone? I doubt that very much!
Misinformation and a lack of clarity leads to suspicion and dents the share price accordingly.
For the record, sewerage is the underground network of pipes that carries the sewage, the wastewater and effluent. There are therefore sewage treatment plants but not sewerage treatment plants. Took me 5 seconds to check that on Google. Should we expect TP should do any less.?