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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Velocity Composites Plc | LSE:VEL | London | Ordinary Share | GB00BF339H01 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 29.50 | 29.00 | 30.00 | 29.50 | 29.50 | 29.50 | 9,022 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Aircraft Parts, Aux Eq, Nec | 16.41M | -3.14M | -0.0588 | -5.02 | 15.77M |
Date | Subject | Author | Discuss |
---|---|---|---|
10/4/2024 11:45 | Small top up only as already have a shedful | husbod | |
09/4/2024 22:39 | Ah yes - thanks I missed that.Seems to me he wouldn't be buying if he isn't confident that the FAI won't be confirmed towards the end of the month.Might follow his example | husbod | |
09/4/2024 19:34 | He did also make a larger purchase at the end of yesterdays trading. | geraldus | |
09/4/2024 17:18 | Nominal indeed but his overall holding isn't too modest.We should get confirmation of the FAI process at the end of this month which is quite a big step - see contract update RNS of 11 March. Fingers crossed and all that. | husbod | |
08/4/2024 08:08 | A token purchase by the chairman today.Share price at a year low and well off the 40p price for the fundraise.One thing for sure,no big news expected in the near future. | geraldus | |
12/3/2024 01:39 | Let's hope the new CFO is someone who will deliver for VEL. Good end to the day re: the share price. | lauders | |
11/3/2024 14:53 | Yep, excellent news. I was beginning to get a little concerned at the lack of an update on this vital contract. | husbod | |
11/3/2024 07:22 | Good update today | herbert0 | |
29/1/2024 21:05 | Yes,looks like they had to parachute Kevin Hickey back in to get things on track.I am hoping this forthcoming contract does not come with a requirement for another fund raise. | geraldus | |
29/1/2024 16:53 | I do wonder sometimes whether, as a relatively small company, they are having problems digesting this large contract and that taking on another biggie might bring on a severe case of indigestion.Perhaps they are having to put all their resources into getting the current contract up and running and have put the second one on the back burner for the moment. | husbod | |
29/1/2024 14:12 | They’ve certainly got a big “moat”. Doesn’t seem to be a flock of other equivalent small businesses out there. | yump | |
29/1/2024 08:13 | Yes Madmix -after watching the presentation and digesting the situation I'm sticking with this as I do think they've got a good chance of creating a quite large business but patience is absolutely key. I'm looking at a 3 year plus timeline now. | hydrus | |
23/1/2024 21:07 | Indeed, Hydrus. I'd say there's still a decent possibility of them reaching £70m annual revenue... One day. But any investor here needs to be VERY patient. It's increasingly clear that things move slowly in this industry. Credit to them for the progress they've made, but so far they've slightly disappointed by over-promising and under-delivering on timescales. | madmix | |
23/1/2024 17:53 | The long term opportunity to grow revenues looks promising but not going to brush over the disappointing broker note comments (presumably fed from the company) about the ambiguous delay to the second large opportunity. My impression from previous comms was that it was likely to be signed and sealed imminently. Moving it back to 2025 at least is not ideal. | hydrus | |
23/1/2024 17:04 | As others have said solid results and no surprises which is a good achievement. I think you have to look through the FY24 or FY25 comments and say that market cap looks too low overall. | gopher | |
23/1/2024 10:45 | After the presentation, I am seriously considering increasing my holding. Looking at the numbers, the share price looks very good value over the next year to 18 months with decent upside on new contact wins. But over the long term, this could be a 10 bagger or more. Hope I am right. | sidam | |
23/1/2024 09:52 | Having read the report I think good progress is being made and the numbers are very solid. Very happy to maintain my investment in Velocity. IF the price were to slip back from current levels I would be very tempted to add to my holding. | carlo sartori | |
23/1/2024 09:20 | Some commentary from Cavendish : "USA customer #2 still being pursued We understand that signing customer #2 in the USA remains a strategic priority for Velocity Composites, and the earnings release refers to two specific discussion which are ongoing in this regard. However, we are no longer expecting Velocity to implement a sign-up and onboarding under the accelerated timeframe that was previously envisaged. We understand that the slower timing is partly a reflection of other operational priorities for the pool of target customers. We believe it is realistic to expect customer #2 to be signed-up and generating revenue during FY25E, but we are excluding this from our forecasts until more detail is available." | madmix | |
23/1/2024 09:11 | Velocity Composites has released results for FY Oct 2023 in-line with the guidance range released on 26 July 2023, showing good progress in the rollout of new production including the transformational new facility in Alabama. The company has issued new guidance for FY24 which is now based on the contracted order book including the initial launch customer in the USA. On this more conservative basis, the company still expects to double its revenue from FY23 to FY25E. We maintain a 101p price target, which represents 177% upside from current levels. | mdchand | |
23/1/2024 08:06 | The main new news today is a revenue warning on 2024 (push-out to FY25), but a holding of FY24 profitability. Probably small to medium net negative Eric | pireric | |
23/1/2024 07:30 | 'Manufacturers are now approaching us for our solutions, leading to a current transformational pipeline of opportunities of GBP200m per annum.'Looks exciting. Clearly years of high growth ahead. | hydrus | |
23/1/2024 07:17 | Looks good to me. This bit is nice: Agreement is expected to rollover to a much longer period, with the opportunity to add more contracts from other US manufacturers - currently there is one live bid with a large Tier 1 customer under a Memorandum of Understanding, and a third business development plan with another large Tier 1 customer. Only possible downer is: At the same time the Company announced that revenues for FY24 were expected to be between £30m and £36m, with an EBITDA profit of between £1.7m to £2.5m. With a more detailed understanding of the progress of the transfer of business in the US, the Board remains confident that, based solely on the existing contracted revenues, FY24 EBITDA guidance remains in line with previous guidance, with additional engineering income and lower costs offsetting a revenue shift into FY25. . While existing contracts will show significant growth on FY23, the Board now expects revenues for FY24 will be between £27m and £30m. | lauders | |
23/1/2024 01:58 | Let's hope that those selling before today's expected news are wrong and will regret their decision. Soon find out! | lauders | |
20/1/2024 20:26 | I expect to see not much difference from the figures forecasted in the July 26th announcement. Which was: For FY2023, with the adjustment to FAI process sales estimates and changes in exchange rates, the Group is now expecting to report revenue of between £15m to £17m, and an EBITDA loss of between £1.2m to £1.6m (subject to finalising the capitalisation of certain costs in the US). Cash at bank should have increased significantly due to capital raise c. £1.9M expecting. Will be interesting to see what the net margin is shown at. Will it still be at 23%? Last year it was stated by the company that they were working with the supply chain to increase this revenue figure back up to 26%. Will they have done this? If not, my question would be why not. If we look at how the share price reacted after last years results then hopefully we won't see the same reaction this year (65p one week prior to results and 35p 8 weeks following results)! My hope is that the silence from the company is that they are working very hard behind the scenes on a new contract... although very frustrating for shareholders. Hopefully they will have learnt from last years reaction to results and have a rabbit in the hat | cooper30 | |
19/1/2024 14:33 | Finals on Tuesday according to IC.Really want to see what has happened since the trading update RNS of 26 July as we have not heard anything subsequently.Hope that silence doesn't reflect further delays/difficulties with the roll out of the Customer's project as our share price will undoubtedly suffer if it does. | husbod |
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