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VEL Velocity Composites Plc

31.00
-2.00 (-6.06%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -2.00 -6.06% 31.00 30.00 32.00 32.50 31.00 32.50 35,829 13:19:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Parts, Aux Eq, Nec 16.41M -3.14M -0.0588 -5.27 16.58M
Velocity Composites Plc is listed in the Aircraft Parts, Aux Eq sector of the London Stock Exchange with ticker VEL. The last closing price for Velocity Composites was 33p. Over the last year, Velocity Composites shares have traded in a share price range of 30.70p to 56.25p.

Velocity Composites currently has 53,468,368 shares in issue. The market capitalisation of Velocity Composites is £16.58 million. Velocity Composites has a price to earnings ratio (PE ratio) of -5.27.

Velocity Composites Share Discussion Threads

Showing 1226 to 1250 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
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
16/12/2023
10:05
Shares magazine presentation, video now online:

hxxps://www.sharesmagazine.co.uk/video/velocity-composites-vel-andy-beaden-chairman-jon-bridges-ceo-andrew-hebb-interim-cfo

cooper30
11/12/2023
09:04
If anyone is going to the Shares Mag presentation tomorrow and there is any news, would they be so kind as to post here as I cannot make it.
sidam
07/12/2023
12:15
Great news and thanks for sharing, could just do with this formally confirming by the company now
cooper30
07/12/2023
10:15
I talked with management last night. They confirmed they have over £30M pa contracted revenue now so expect a big ramp up.

£12M rev in 2022 and Cenkos estimated £16.2M for 2023 so 2024 looks good.

Nice to have this 'in the bag' before 2024 even starts!

melody9999
15/11/2023
13:24
Unusual action given what is happening elsewhere
cowie19
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older

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