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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Velosi | VELO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 163.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 163.00 |
| Top Posts |
|---|
Posted at 22/9/2010 13:27 by kimball808 Digital look does...The share price of oil rig safety consultant Velosi plunged on Tuesday after disappointing half-year results, and was plumbing the depths again on Wednesday, offering an opportunity to buy the shares at an attractive earnings multiple, FinnCap argues. "We believe the share price has over-reacted to interim results, which pointed to margin weakness. Indeed, the analysts meeting uncovered that the group is already seeing a pick up in its higher margined specialist services so that gross margins will recover in H2 [the second half]," reports analyst David Buxton. The broker is leaving its full-year forecasts unchanged. "Our existing forecasts still appear valid, if anything 'slightly light' according to management. This should reassure investors," Buxton asserts. FinnCap has reiterated its "buy" recommendation and 135p price target. |
Posted at 26/8/2010 09:45 by longueville Velosi can be a very illiquid stock, and small retail trades (2,000 shares for example) are often enought to move the price by a couple of pence. The shares have had a good run, and unfortutnatley a nasty market is enough to prompt investors to bank some profit. My experience has been that market makers do not change their prices simply on the back of wider market movements, they only tend to move their prices on the back of business being done. One other piece of advice. The spread on this stock can be horrible - get your broker to phone up market makers - you may well get some improvement on RSP prices. |
Posted at 14/4/2010 16:07 by darola The MMs are struggling to hold it down - looking at the volume no sell off has kicked in. Obviously investors on board!! |
Posted at 14/4/2010 13:22 by darola Guess this all depends if you are an investor or a trader. I am the former and from that perspective all of the fundamentals stack up.Quality will out.... |
Posted at 14/4/2010 12:02 by stegrego Many shares have spent time in the doldrums for several years, only to awaken at some random point in the future.Something that is on an historic p/e of less than 7, paying a dividend and with about 20% net cash isn't a sell. The outlook statement wasn't gloomy, just realistic. At some point, investors will start to see beyond the 'foreign' company tags and realise that that's where the growth is. Earners in anything other than £ are a good bet IMO. Corporate governance is no worse abroad than it is here. Plenty of dodgy UK based companies out there, but with shocking earnings and debted up to the eyeballs. Im happy for people to sell, as it just makes my next buy even cheaper. Value will out. |
Posted at 14/4/2010 09:04 by bookbroker Darola - I've held a lot of stock in this co. in the past, and no I don't have anything better to do than post remarks on BBs. such as these in between studying other aspects of the market as this is how I make my living, however it strikes me as bizarre how so many people delude themselves in believing that the operating performance of a co. is the only defining factor in how a co. should be rated and this co. sums up everything that is wrong with how investors perceive valuations in relation to the above, there are many reasons to invest and also many not so, this co.is one of them, and it is very galling to think that what you see is not what the reality is, this co. over the last few years has underperformed big time in relation to operating performance, for sure that is not going to change. |
Posted at 09/2/2010 22:21 by bookbroker I am in the real world, look at the rating, why do you think it is so low, why do not think there is more support from institutional investors, accepting that ok apart from a London listing this co. is effectively run from abroad, however it's appeal for all apart from retail investors is limited. With their growth there should be considerably more interest even for a small co., there is an issue with oil service cos. and the same could apply with Cape Plc. I try to be contrarian in my outlook, but you have to find reasons not to invest in a co. such as this when their metrics are so compelling. I am a holder, have been for a long time, nonetheless it is frustrating when the share price rating does not confirm the outlook. This co. on share price performance has been a dreadful underperformer, but that's the stock market, unless GS. is keeping the lid on it. |
Posted at 07/1/2010 17:07 by glasshalfull Agree Evaluate. I posted as much previously on the thread and didn't feel inclined to do regurgitate. I've been steadily adding in the low 80's and it looks like that particular tap may have turned off now (sorry Koolio). You may be interested in David Holding's recent take. Usually provides very sound analysis worthy of research. 16 December 2009 This star performer has taken a breather. Does this offer an opportunity? When I last wrote about Velosi (LSE: VELO) in April, the shares were languishing with so many others. They stood at 42p and looked like a buy on all parameters. In fact, they'd been even lower just a couple of weeks before then, reaching their nadir of 35.5p in late March. Since the Spring, the company's shares have benefitted from a combination of the overall market rally and from good news specific to the company. And it's this specific news long-term investors are more interested in than the relatively short term vagaries of the market -- though the latter had presented a nice opportunity. To put my cards on the table here, I sold the few shares I'd bought in March in September. Funnily enough, this wasn't because I thought the true value had been "outed" in any real way -- despite them more than doubling -- but because I thought there was even better value elsewhere. Time to get back in? Today, back at 84p, the shares looking very tempting again. This is mainly due to a combination of balance sheet strength and the prospect of increased earnings. There's a bit of a danger here though. Velosi is an oil services company, and such companies often display value characteristics placing them at a discount to their wider market peers. But that didn't stop the shares going over 150p a couple of years ago. The company provides quality assurance and quality control services to some of the world's biggest oil and gas companies, including BP (LSE: BP), Royal Dutch Shell (LSE: RDSB), ExxonMobil and Chevron, ensuring that the equipment these companies use works properly and is safe. Velosi has offices in the USA, the UK, Malaysia and the UAE and has operational or representative offices in a further 27 countries to support its aim of removing the problems faced by oil giants as they try to control operations remotely, in unfamiliar territories. It also researches sub-contractors looking at health and safety and testing equipment. All good news Back in early April when I wrote about Velosi, the final results were less than three weeks away and investors were understandably nervous due to the gloomy economic backdrop and relatively low oil price which was putting a dampener on the whole sector. Fortunately for those of us holding shares, the final results for 2008 really were excellent. They revealed turnover up by 56% to $182.1m, pre-tax profit up by 30% to $14.9m, earnings per share (EPS) of $0.22, cash of $17.8m and almost non-existent gearing of 1%. The company was confident about its prospects for the remainder of the year and was experiencing "unremitting demand" for its services. Value Little wonder then, that the share price began its steep ascent. Then the interim results to the end of June this year confirmed the company's progress, showing pre-tax profit up 10% to $7.9m, on revenue of $89.2m, EPS up 8.4% to $0.11 and cash of $20.1m. This performance lifted the shares to a year's high of 118p. Since then, the shares have taken a breather, perhaps on a little profit-taking, some small cap market malaise and the fact that the company was a little cautious about the outlook, viewing the oil price climb more as a function of decreased supply than increased demand. Consequently, it views the market as "challenging". From an investment point of view, though, the directors come across as a refreshingly "feet-on-the-ground" bunch. Other companies would be far more bullish -- albeit misplaced. The company's potential hasn't been lost on the Fool's discussion boards, where Velosi's value was recently explored. At current exchange rates, the company has cash of £12.3m, and net tangible assets of £37m, yet its market capitalisation is less than £40m. Meanwhile, its broker is expecting EPS of 13.4p this year, rising to 14.4p next year, placing the shares are on a forward price-to-earnings ratio of 5.8. Strip out the cash, and this falls to less than four against enterprise value. This is plainly too cheap for a growing company experiencing such demand for its services. |
Posted at 07/1/2010 16:54 by bookbroker This stock has a strange habit of re-tracing any gain, so you may get your wish Koolio, been holding too long myself, time to get out, not that keen on holding stocks where so few investors outside of co., very little institutional interest and very tightly held by management. |
Posted at 15/10/2009 14:43 by bookbroker I always get the feeling that cos. such as VELO., RCG, etc suffer in terms of share price due to the lack of interest from UK institutional investors. They may have London listings, but essentially they are domiciled abroad and this has a bearing on the valuation and rating. Unfortunately it is not on the radar of major investors, we live in hope, also probably difficult to accumulate any meaningful holding. |
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