Versarien (VRS)

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The advanced engineering materials group.

29-Nov-2017 – 44.25p – £65.3m – PER 147.9

Interim Results For The 6 Months To End September 2017 – Revenues up by 167% to £4.38m (H1 2016: £1.64m), Loss Before Tax almost halved to £0.77m (H1 2016: £1.47m), Cash of £0.35m (£1.51m last time) and lots of bullish talk.

A guy down the pub told me about this (well, actually it was a very good long term friend (who is a software test manager) but you get the idea) when it was less than 20p a month or so ago – He said it was going to fly! I said thanks for the tip but I rarely invest in non-profit making companies with barely any Cash left. I may be wrong here, it looks interesting (but so did AGM at 10x it’s current price) – I just prefer to be in less risky places for now.

19-Jul-2018 – 131.5p – £195.5m – PER 219.2

Preliminary Results For Year Ended March 2018 – Revenue up 52% to £9.02m, Loss Before Tax decreased by 27% £1.6m (2017: £2.2m).

I remain Neutral here on the basis there’s still no Profits.

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