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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Velocity Composites Plc | VEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 29.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.50 | 29.50 | 29.50 | 29.50 | 29.50 |
| Industry Sector |
|---|
| AEROSPACE & DEFENCE |
| Top Posts |
|---|
Posted at 12/3/2024 01:39 by lauders Let's hope the new CFO is someone who will deliver for VEL. Good end to the day re: the share price. |
Posted at 16/12/2023 10:05 by cooper30 Shares magazine presentation, video now online:hxxps://www.sharesma |
Posted at 31/10/2023 07:47 by melton john Thanks melody, VEL starts from 50 minutes in. |
Posted at 31/10/2023 00:01 by melody9999 Recent VEL presentatation here: |
Posted at 30/10/2023 11:07 by melton john I bought a few more this morning and it's showing as a sell FWIW. US economy doing well should benefit VEL. |
Posted at 12/10/2023 06:43 by lauders Thanks to jim89 over on the LSE VEL BB: Haydock-based Seneca Partners has invested a further £1.5m in Lancashire aerospace composites manufacturer, Velocity Composites, as part of a £6.6m funding round. This latest investment will enable Velocity to accelerate its growth in the UK and overseas following the opening of its plant in Alabama, US, and to add to its sites in Burnley and Fareham in the UK. Seneca is an existing shareholder in AIM-quoted Velocity through its £50m EIS Fund and this additional £1.5m of funding has been provided through a combination of its Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) funds under management. |
Posted at 23/8/2023 19:50 by melody9999 IMV a positive announcement re FD position today.I can provide a little colour based on the visit to VEL on 26/7. This was hosted by Andy Jon and Adam. After the visit I emailed Andy and Jon to thank them for their time/hospitality and offered some thoughts. I have copied pertinent commentary below: "There were some comments (from members of the group) that Adam did not contribute much. Whilst he has only been in the role for a few months, he should have a firm grip of top line revenue, EBITDA and cash numbers as recently reported to the market, Whilst that may be the case, it did not come across in his responses. Maybe he was uncertain as to what he could say? It will be important to have a confident and assertive FD in the future." In Andy and Jon I think we have 2 top class execs. Unfortunately, IMV Adam did not have the same gravitas. I am very comfortable that today's RNS allows VEL to strengthen their management team in the future. Sometimes an FD departure can be a red flag for investors as it points towards finance issues or even impropriety. But I feel very confident this is not the case here - this is about the person not the finance. |
Posted at 14/8/2023 12:35 by melody9999 I looked at fund raising RNS in detail over the weekend - like others the raise was larger than I expected.1 I think our BOD know their existing costs and timescales re GKN – we only had the delay RNS on 260723. I am also cognisant our BOD face significant dilution so would surely seek to minimise the amount raised. 2 However if the new contract – which I suspect could be with Spirit – was signed and kicked off before the end of 2023, then they would need to resource this and incur set-up costs before feeling the benefits of the GKN revenue. New customer would likely want to ensure their new supplier (VEL) was well financed before contracting. So that contract could be contingent on a successful fund raise. In which case we could get some positive news shortly after the GM. 3 Clearly VEL see significant opportunities for growth, both with existing and new customers, and this investment allows them to strengthen the teams that deliver that growth, whilst also investing in the relatively modest additional capex to allow the production sites to achieve higher volumes. I've bought into the REX offer and will look to add more in the 40's as I think the future looks bright here. |
Posted at 27/7/2023 12:37 by melody9999 Folks - here is some feedback from the site visit yesterday.Our BOD have an in depth understanding of the aerospace industry. Senior management seem solid and dependable The Board owns a significant amount of the equity (50%?) so their interests are aligned with ours. There is plenty of opportunity – in aerospace and potentially other sectors. Main 'competition' is that their prospective customer base continuing to carry out work in-house rather than outsource to VEL Customers are very sticky and reliant on VEL once converted. There is little or no churn but rather new FAIs (first article inspections) as aircraft are modified. In contract discussions with potential new customer so looks very encouraging. VEL have spare warehouse capacity in the USA. Advantage that VEL have is in the tech, data and process they have developed to produce kits. This will be invaluable as they seek to contract further customers A capital raise is possible in the not too distant. VEL keen to involve private investors As evidenced by the RNS yesterday, VEL intend to ‘tell the story’ themselves rather than rely on brokers to inform the market. In contrast to some other listed companies, the facts about VEL will be in RNS; broker notes will offer the brokers opinion based on the information supplied to them by VEL. On the RNS yesterday, the FAI sign off delay is by mutual agreement and based largely on the customer needing more time to update their processes. VEL will continue to support the customer to ensure a successful outcome for both parties. No indication that this is going pear shaped – far from it; the contract length is unchanged but starts later. |
Posted at 08/7/2023 01:24 by lauders Yes, according to the company too, although the word "expects" is very evident:VELOCITY COMPOSITES PLC (“Velocity or the “Company” Trading Update & Notice of Results Trading in line with expectations as US facility begins manufacturing kits Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace and other high-performance manufacturers, provides the following trading update for the six months ended 30 April 2023 (“H1 FY23”). The Company expects to publish its H1 FY23 results on 11 July 2023. |
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