Excellent post tot. I think many do forget where the share price was only 3 months ago and those of us that have reaped the rewards so far, do get a bit fed up with the have a go at Neill brigade. I can think of many AIM listed company CEOs that would give their right arm to have provided the strong news flow we have had here. Perhaps we are all getting a bit greedy and when the impatient sell, Neill takes the brunt of the criticism and the price continues to drop. I have invested for many years in AIM stocks and I can honestly say Neill Ricketts is a breath of fresh air to the stock market. He genuinely appears to care about shareholders and loves the fact that his company will probably financially change the lives of many small pis. I actually dont have a problem with all these collaborations because it shows companies are interested in what VRS has to offer. Some of these will lead to the income stream that will eventually help to make this a very profitable company. Whether we get news on the Chinese deal tomorrow of 4 weeks from now Im actually not too bothered because I firmly believe it will come. In the meantime I will continue to pick up a few additional shares, that posssibly in the short term but definitely in the medium to long term will give me a very good return.
Yes, you're quite right tot that things can move ahead SP wise pretty quickly here.
It's a judgement call and it may work out by waiting or it might not.
I won't be trying to call the bottom exactly though. I'll be trying to watch the pattern unfold and buy in small tranches as the most likely end point of the correction gets closer. This still might not work and I may have to get involved at a higher price or wait for the next pull-back.
That wouldn't be a problem for me because there will always be another opportunity and as you suggest tot, if this graphene stuff is gonna be that big......just joining the next uptrend should be sufficient to be in the profit.
Thanks for the comments.
Yes......FRR did bounce much higher than I expected before I left that bb.
This stock is completely different though and in a confirmed trend. Stocks like this are much less of a gamble and the risk is skewed nicely for us punters.
As you say PJ, timing is everything and TA can be a very useful guide to that, but the pace of announcements here in the last year or so took a lot of people by surprise and some got off the bus too soon during the meteoric rise.
I think its worth recapping some of the flow of news we've had here since November 2016:
29/11/2016 Significant Graphene Order with a " European Commercial Customer"
14/12/2016 Graphene enhanced PAEK Thermoplastics Agreement with Scaffell Organics
19/12/ 2016 As above but with Injection Moulded Products
07/07/2017 Contract worth £200k in Aerospace sector (understood to be Rolls Royce)
19/07/2017 Significant tender win with Centre for Process Innovation Limited for the ongoing supply of nanomaterials.
31/10/2017 Collaboration agreement with Israel Aerospace Industries
17/11/2017 Collaboration agreement with Global Consumer Goods company (understood to be Unilever)
04/12/17 Agreement with Global Chemical Major (understood to be Dow Chemical)
08/01 2018 Agreement with Global Apparel Manufacturer
15/01/2018 Planned Chinese graphene manufacturing facility
21/02/2018 Medical Technology Collaboration
I think it's fair to assume that we can expect a steady flow of follow on news from most of these agreements during 2018, and any significant deal with one of the Global Companies will soon start to propell the share price back to where it has come from and beyond.
In that context calling the exact bottom of the retrace isn't exactly a life or death matter. Once positive momentum starts to build again the pace of recovery could be pretty spectacular imho.
Nice to post with both of you again.
I know neither of you were involved in my departure from FRR. I simply got fed up with some posters expecting me to get it right all the time.
It sounds like you've been making really good progress with the TA tot and there was little wrong with Kalans TA anyway.
You're right tot that I don't look at the fundamentals but I don't think you need to to see that Versarien likely has very good prospects. You can see that from the chart pattern.
When a stock starts dropping like this, investors take very different approaches. Some say ' sell.....some say ' buy the dip'.......some say 'just hold as volatility is expected'
All of the above have merit and it depends on ones approach. I know tot is a very long term holder with some stocks. The truth is that nobody really knows what the future holds but if we can time our entry and exits we can optimise our performance. Timing is key ........hence the usefulness of TA. We aren't all fortunate enough to spot these at 12.5 p as tot did.
My view is actually the same as Kalans. I see 53p as both the worst-case and possibly the most likely re-trace point. But that doesn't mean it can't bottom sooner. Also the stock could well bounce back into the 80p - 90p range before falling again to reach this lower level. It's all risk and reward. The current correction time is much too brief to be over imo, having taken the best part of a year to multi - bag.
I intend to watch this carefully and take a position at a suitable point.
I havn't a clue how the charts work, but my take is that it's a bit like Nostradamus' predictions. There's a lot of "I told you so" whether it's a fall or rise in the SP. 1984 must have been one of those years that charts were wrong. :o)
It has indeed been a long time but I hope you noted that I was not one of the people who hounded you off the FRR board.
I didn't post on the technicals yesterday as I didn't see the gap as having closed. The closing price on 12th January before the big move up was in fact 71.4p and I didn't see a trade at that level , but so far today's low is 71.3 so we now have closure. As you say the stock is now looking oversold on a numbber of indicators and the RSI is looking really sick, but we seem to have an embryonic momentum divergence on the daily chart:http://www.iii.co.uk/investment/detail?code=cotn:VRS.L&it=le&display=javachart which might suggest that we have seen the bottom on the RSI. Too early to tell just yet, but if we can close above today's current low that's a start. Worst case scenario for me is more optimistic than Kalan's as we would have a double bottom at 56.3p and a strong rebound could be expected from there IF today is not the bottom.
For the correction to be considered over I would look to see consecutive closes above 80p or perhaps a break above that level and then a retest before the full breakout.
I know you don't do fundamentals, but I would just point out that from that perspective the current sp is suggesting that the news of the mega deal in China was a figment of investors imagination, whereas the reality is that 100,000 sq ft factory will be rapidly progressing towards completion whilst the minutae of the deal are being fleshed out.
Regards and thanks for introducing me to the wonders of TA. Still learning but am using it a lot more now in making investment decisions.
P.S. I made my first purchase here at 12.5p Kalan. Still keeping just that original investment in my holdings account whilst using the ISA for a bit of trading.
For what it's worth I have 35p and 53p as support targets for a major turn around.
53p looks favourite based on the fundamentals (I know they have no bearing PJ) -the perfect buying scenario could occur in a month or two when the sp could meet the 200 day moving average at around 53p. With RSI below 20 at that point a turn around would be highly likely.
Caveat - this share can soar at any time on good news as we have seen - so a short term rise is possible at any time but 53p may come anyway after a brief respite in the fall back.
Just posted to get the discussion going as I am a rank amateur at charting as you know.
Someone asked me to take a look at the VRS chart for them the other day and I noticed your chart assessment on this thread. Hope your keeping ok. Maybe we can compare thoughts on this as i've noticed in the past that you are giving TA a bit more consideration these days.
The gap around 72p/73p was an exhaustion gap and therefore always likely to close, as you thought, and in fact it did close completely yesterday.
The gaps around 33p however are 'breakaway' gaps and therefore are very unlikely to close.
You've noticed that the downtrend from the 'top' is now firmly established but the chart indicators are now becoming over-sold.
As the stock is strongly trending the stochastics aren't much use, and the RSI is the better indicator to watch. If you see the stock make a new low but the RSI fail to do so, this would be a sign that a move higher was coming.
I'd also expect this before too long.
The bigger question would then be whether the correction had ended completely at this point or whether it was only part-way through.
Do you have any thoughts on the price level VRS would need to breach in order to confirm that the correction was over ?
Or.....the price level that you would expect this correction to finally reach ?
Whilst these these agreements are good news for the future, the city seem only to be interested in current income. So Im afraid until the cash in the till increases, then we wont see much more upward movement. The hype that took the SP to 118p is now over, and I think we are now in a similar situation to FFR and QFI and others. Graphene, oil or whatever the product needs to start being sold in bigger quantities. Just my view
"Physiological movements or normal movements are the natural movements that occur in human joints. They are also known as osteokinematic movements. The study of these movements is known as kinesiology."
would suggest that the dressing is not rigid and allows for movement - it would be easier to put sensors in a rigid cast or similar, much harder to do in a flexible one.
I get the impression that the person who wrote today's press release about graphene in wound dressing either did not understand what they were writing about or can not communicate properly. What on earth are "wound dressings capable of physiological movement". Anyone have any ideas? Did the writer really mean wound dressings capable of physiological measurement?
They will no doubt be keeping a very close eye on this latest development which could be a significant threat to their business unless they get on board. Professional sportsmen and the military will also be prime markets when this takes off.
Another feather in NR's cap and I hope he enjoys his well earned rest and some family time in Cuba.
Great podcast I thought with NR directly from Cuba whilst taking a well deserved break. Sounds as though he's going to be a very busy man on his return - Israel - South Korea - Hong Kong plus at the same time making sure the Chinese deal is watertight.
Go to Advfn and it will explain what RNS R means as opposed to a normal RNS THis one today is more of a PR exercise and an excuse to put out a RNS, that is why the SP is drifting down We really need now a RNS (not a tweet) with a firm order which is going to generate some cash.
This is about Graphene which is a new item to be used. Many new projects to try. It is working here with---
( This project will utilise strain sensors printed with graphene ink using methods which have been developed by the Company's subsidiary, Cambridge Graphene Limited. Trials will take place at the internationally renowned Addenbrooke's Hospital in Cambridge).
Addenbrooke's is well known all over the world. It is going to be OK..
GlobalNomad and EyesonHawk, you are both spot on with your comments. I mentioned here a couple of weeks ago that despite Neill quite rightly taking time to iron out the Chinese deal, Versarien could hit us with an rns any day with another collaboration/deal. Make no mistake, Neill is very shrewd and he certainly knows how to keep a tight ship! I will not be selling any of my shares anytime soon as opportunities like this dont come around too often.
Another very exciting field for the company to break into and once again with world wide implications. Nice to see a breakout for their graphene inks application whilst we all wait for the big one to drop!
Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has signed an agreement to develop a range of graphene based sensor technologies to enable the creation of digital bandages and wound dressings capable of various forms of physiological movement and excretion detection.
This project will utilise strain sensors printed with graphene ink using methods which have been developed by the Company's subsidiary, Cambridge Graphene Limited. Trials will take place at the internationally renowned Addenbrooke's Hospital in Cambridge with Orthopaedic surgeon Dr Arman Memanzedah leading the clinical trials. He will be joined by Dr Simon Rudland from Stowhealth who will be working with the team to optimise the usability of the data from the graphene dressings to ensure the optimal recovery of the patients post discharge. The agreement will also involve Dr Chris Crockford, Managing Director of Digital and Future Technologies Limited, who will act as liaison between the hospital, Versarien and wider global providers in this field.
Neill Ricketts, CEO of Versarien, commented: "We are very pleased to be working to bring our graphene ink technology to the medical arena. This is our first collaboration in this area and we anticipate that the properties of the high quality graphene we produce can bring significant benefits. In particular, the incorporation of graphene inks will enable the development of 'smart' wound dressings, facilitating better patient monitoring and enhanced recovery.
"We are very excited about the potential for graphene in a variety of medical uses and anticipate entering into further collaborations in this area in due course."
Another Motley F article FEB 20th 2018........I'm startinging to warm to them now 8-)
Why Versarien plc shares could be the buy of the decade
Shares in advanced engineering materials group Versarien (LSE: VRS) continued to fall today as more investors moved their capital away from the company despite its superb performance since November last year with some profit-taking probably happening here.
As long as you are content to sit on your hands however, I think this small-cap could be a buy of the decade.
Since November, the Cheltenham-based business has secured collaborations with a global consumer goods company, a global chemical major and a global apparel manufacturer with the view to incorporating its few layer graphene nano-platelets (Nanene) or graphene ink into its products. These were in addition to the earlier agreement struck between Versarien and Israel Aerospace Industries to test graphene in the latters aerospace composite structures. Assuming these collaborations prove fruitful, any subsequent contracts could be transformative for the small-cap and lead to a snowball-like effect whereby an increasing number of businesses seek out its high quality, independently verified material.
While most would be more than satisfied with this kind of progress, the companys news flow hasnt stopped there. In mid-January, it was announced that Versarien had signed a letter of intent to establish a China-UK graphene manufacturing centre in the Jinan Innovation Zone, Shandong Province. This will initially involve the British company supplying the intellectual property to its partner, which will in turn provide the 100,000 sq foot facility and equipment needed to produce and sell Nanene. Further down the line, it is intended for the facility to be the heart of the Jinan Graphene Valley, allowing Versarien to establish a world class base in the Asian region.
While the enormity of this deal could mean that lawyers are left to continue poring over the details for a while yet, investors may not have long to wait for news on other fronts.
The recent opening of a sales office in Palo Alto combined with the appointment of CEO Neill Ricketts to the advisory board of the US National Graphene Association (NGA) are two more encouraging developments. In his own words, the NGA is at the forefront of promoting the commercialisation of graphene in the United States and more widely. Any indication that Versarien might be about to replicate the agreement between China and the UK over the pond should see the share price power back to and beyond previous highs.
Worth the risk?
Clearly, Versarien wont be to all investors tastes and nor should it be. Since its almost impossible to arrive at a valuation using traditional metrics, the company remains a high-risk, speculative play, at least when compared to your typical FTSE 350 stock. Its success depends to a great extent on the widespread adoption of the wonder material which could still be many years away.
Nevertheless, thanks to its almost limitless applications (including batteries, computers, electric vehicles, solar energy and wearable bendy technology) there can be little doubt over the potential for graphene to dramatically change the world we live in. And while Versariens progress will no doubt inspire competitors, the fact that it is rapidly becoming the go-to destination for businesses keen to be early adopters suggests it stands a better chance than most of succeeding.
So long as its held within a fully diversified portfolio, I continue to regard it as a hugely promising investment.
Like Versarien? You might like this too
The performance of Versarien's shares over the last few months is a wonderful illustration of just how profitable investing in small-cap companies can sometimes be.
I think it will be some time before the facility is in production mushroom, but from the pictures which were posted around the time of the visit it appears to be a standard 100,000 sq ft unit under construction on a business park so that will inevitably be ongoing.
Can't see any way the Chinese would risk kicking VRS into touch given that we are clearly streets ahead of the competition in terms of quality and production knowhow, and the high level Govenment backing on both sides. What will be concentrating their minds will be the need to order the plant and get it both installed and commisioned by July. Ergo NR has them over a barrel imho.
Looking at the chart the stock is now heavily oversold on numerous TA indicators and on some in a worse position than when the sp stood at around 16p before the start of the big rise:http://www.iii.co.uk/investment/detail?code=cotn:VRS.L&it=le&display=javachart
There is an outside chance it might yet fall to fill the gap at 71-74p but I'd be suprised if there was more than a fleeting opportunity to buy at the ask which would be around 73 if the bid briefly dropped to 71p. I am therefore taking the cautious approach and adding around current levels, because we know that once this baby starts moving it does not hang around.
Businesses don't play to the PI tune and never should.
Had we done a deal in 2 mins I would have said we haven't pushed enough for the right deal regardless of what the deal was.
Working with a legal team on simple contracts takes time and it s not always something that is under our control specifically when dealing with international companies.
I am guessing that the facility will already be in production and potentially equipment being procured as there was an inferred production date of July (Please shout if I am wrong on this but I am sure it was stated somewhere.
Like I said before the facility will be in construction either now or imminently I expect. What I can't say is if it will be us or someone else uses it. That is the decision for Neil and the team but I would envisage a clause that prevents them operating another facility within x miles of the one in Jinan, so it protects their investment.
remember they want to build it and have the capability to create that Graphene Valley. that is already taking share with some of the companies signing to that area that will help create that demand.
Whilst MF is not my favourite 'column' - they tend to blow hot and cold on a regular basis - this article I thought was worth posting:
Why Id buy Hurricane Energy plc and Versarien plc for the long term
Monday, 19th February, 2018
Versarien (LSE: VRS) shares have put in an even more dramatic performance of late, more than five-bagging over the past six months, to 82p as I write and they were up at 117p just a few weeks ago.
Versarien is in a very different business, that of making a particular type of nano graphene known as Nanene its the latest wonder material thats much stronger than steel, conducts electricity and heat, and can be made into flexible conductors.
The share price soared on the back of new agreements with as-yet-unnamed US partners, and since then the company has announced a letter of intent to build a graphene manufacturing centre in China. Its non-binding at the moment, but the plan envisages as a first stage the establishment of a 100,000 square foot manufacturing facility to produce and sell Versariens proprietary Nanene few layer graphene nano-platelets.
Theres also talk of the establishment of the first Chinese graphene industrial park, the Jinan Graphene Valley including a graphene research institute with funding coming from the joint venture partners, and that sounds like something pretty serious its expected to cost around £55m.
The latest news is that Versariens chief executive, Neill Ricketts, has been appointed to the advisory board of the United States National Graphene Association.
Im not usually a fan of jam tomorrow companies that are still in their cash-burn phases. And the development of graphene into usable products has proved hard so far. But we really could be in the early stages of its successful commercialisation, and I think Versarien shares could be worth a modest long-term investment.
The Bromley X-22 sled 'Nanene' enhancement has been utilised within the underside pan (baseplate & fairing). Dom has achieved an Olympic Bronze medal as a result of his expertise with the additional help of possible superior equipment technology. The call went out that the GB team had cheated by wearing superior hi-tech aerodynamic suits this has since been discounted. We are talking tenths of a second difference between winning a podium place and coming fourth therefore I can only speculate that there is a high possibility that Versariens nanene enhancement gave Dom the edge.
If that is the case and within the limits of the Olympic Charter Rule 40 ~~which establishes a blackout period for advertisement by unofficial sponsors starting 9 days before the opening of the Olympic Games and continuing until 3 days after the closing ceremony ~~ In my view I would love to see Versarien shout it from the roof tops either via an RNS or through their own PR media.
Recognition for VRS will come soon enough I am convinced (China et al) but a drip feed of publicity in the meantime is worth it's weight in gold!!
"Neill Ricketts, CEO of Versarien, commented: We are delighted to be working with
Bromley Technologies and supporting leading GB athlete Dominic Parsons. Utilising ourgraphene enhanced carbon fibre technology Bromley have been able to make significantenhancements to their already world leading sleds. Elite sport is a clear and immediateshowcase for the benefits of using our graphene technology."
I don't see a problem with the majority of the tweets and at one time thought Tiny Tim a nemesis for NR to provide useful insight.
I don't think he has done anything wrong with the tweets about china etc and he has given anything away about any deals etc in fact I think the opposite they have a seemingly very tight ship when it come to InfoSec. There hasn't been a gentle ramp up with shares being bought immediately prior to an RNS like other companies on AIM.
What's pulling the SP down is weak holders who didn't get a China deal announced the second Neill's feet set foot on English soil and mainly, because Miton are still unloading shares.
Support at 75p and once Miton announce they've fully unloaded I'd expect the price to start to head north.
I don't know of any CEO who acts in that manner either but then again, I don't know of any other AIM CEO or BoD that I'd trust a fraction as much as I do.
Great stuff is coming - IAI, Clothing, "Partner" (Unilever?), China.
SP is where it was on the morning the LOI was announced. Some are saying VRS is overvalued as this level and yes, that's true if you base your valuation solely on the last financials published but this is a very different looking beast now and it will only take one of the collaborations to drop out the bottom of the sales funnel to set the SP alight.
Look at the connections and business relationships NR has made, China, Department of Trade, other CEOs on the China trip, US National Graphene Advisory Board.
All the chess pieces are lining up and VRS stands on the cusp of greatness - much like the starting run to the Skeleton at the Winter Olympics.
I have thought for some time he created a rod for his own back with theses stupid tweets.I have never read one.Investors hang on his every word and try to read between the lines.I personally do not know of any CEO who acts in this manner (except TRump) He should announce he is stopping all tweets and all info will be given through the normal channels of an RNS He is only creating havoc with the SP
Tweet from Neill Thursday 15th:[email protected] just hold that thought what if I fly out an athlete, the bestest designer @kristanbromley , an ex performance director @nigellaughton to discuss this and other sporting opportunities ?.......along with this link hxxps://www.nationalgrapheneassociation.com/news/graphene-enhanced-skeleton-sleds-2/
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