Directa Plus Moves Italian Subsidiary Toward Liquidation as Funding Strains Deepen

Directa Plus ( (GB:DCTA) ) has provided an announcement.

Directa Plus has warned that its main Italian subsidiary, Directa Plus SpA, will move towards voluntary liquidation following mounting financial strain and the prospect that the group may no longer be a going concern without fresh funding. The subsidiary will continue operating under its two current directors until the liquidation is certified by an Italian notary, expected in late April, while the company assesses the implications for the wider group.

The board has sought clarification on whether an up to £2.5m funding facility announced in March can still proceed and plans to appoint corporate restructuring advisers to safeguard stakeholder interests. In parallel, Directa Plus is progressing a potential sale of non-strategic land and exploring a sale of its Romanian remediation subsidiary Setcar, and has requested the immediate suspension of its shares from trading on AIM amid ongoing financial uncertainty and limited working capital.

Spark’s Take on DCTA Stock

According to Spark, TipRanks’ AI Analyst, DCTA is a Neutral.

The score is held back primarily by weak financial performance (declining revenues, continued losses, and negative free cash flow). Technicals are supportive with strong trend signals but tempered by an overbought RSI. The latest earnings call was constructive (revenue growth, cost reduction, automation and partnerships), while valuation remains challenged due to ongoing losses and no dividend support.

To see Spark’s full report on DCTA stock, click here.

More about Directa Plus

Directa Plus is an Italy-based producer and supplier of graphene-based materials for consumer and industrial markets, using a proprietary plasma super expansion process to turn natural graphite into graphene nanoplatelets without chemical treatments. Founded in 2005 and listed on London’s AIM since 2016, the company markets its G+ products across multiple applications and holds the London Stock Exchange’s Green Economy Mark for its contribution to the green economy.

Average Trading Volume: 132,333

Technical Sentiment Signal: Strong Sell

Current Market Cap: £7.05M

See more data about DCTA stock on TipRanks’ Stock Analysis page.