News blog
VPhase
- BY: Andrew Hore |
- POSTED: 17/11/2011 |
Voltage optimisation products supplier VPhase is raising £2.35m at 0.5p a share in order to provide further working capital.
The placing price is less than half of the market price. At 1.07p a share, VPhase is currently valued at £8.62m.
The take up of orders has been slower than expected and new contracts are taking longer to secure. This means that revenues will be lower than forecast and the cash outflow will be higher.
VPhase is still negotiating with GE, which selected the company as a partner for its “powering your home” ecomagination challenge.
There is international interest with an order secured from Australia and a possible sale in Korea. VPhase is assessing product requirements for the US.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf
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