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VEL Velocity Composites Plc

30.50
0.00 (0.00%)
23 Apr 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 Shares Traded Last Trade
  0.00 0.00% 30.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 32.00 30.50 30.50 30.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Parts, Aux Eq, Nec 16.41M -3.14M -0.0588 -5.19 16.31M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 30.50 GBX

Velocity Composites (VEL) Latest News

Velocity Composites (VEL) Discussions and Chat

Velocity Composites Forums and Chat

Date Time Title Posts
10/4/202411:45Velocity Composites PLC451
26/11/202014:29Vanoil - BIG oil prospects in EAST AFRICA !!273
12/5/201122:49***VELTI PLC***THE MOST UNDERVALUED AIM STOCK407
28/9/201009:28VELTI - cheap and interesting?103
24/1/200614:39R EAST SECURITY-

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Velocity Composites (VEL) Most Recent Trades

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Velocity Composites (VEL) Top Chat Posts

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Posted at 08/4/2024 08:08 by geraldus
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.
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 23/1/2024 10:45 by sidam
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.
Posted at 23/1/2024 09:52 by carlo sartori
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.
Posted at 23/1/2024 09:11 by mdchand
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.
Posted at 20/1/2024 20:26 by cooper30
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
Posted at 12/10/2023 13:51 by melloteam
Just to let shareholders and prospective investors know that Velocity Composites will be presenting on the MelloMonday webinar at 5pm on Monday 16th October 2023.

The programme for the evening is as follows:
5.00 pm Fireside chat with Paul Hill
5.45 pm Company presentation by Velocity Composites
6.15 pm Company update by Newmark Security
6.55 pm Educational presentation
7.10 pm Company introductory presentation by One Health Group
7.50 pm BASH panel with Mark Simpson, Richard Crow and Kevin Taylor

There will be over 500 investors attending and these are very popul shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
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 28/9/2023 13:51 by lauders
Thank you for your update from the company melody9999. Much appreciated. If I had spare funds I would be adding around these levels. Alas, I will just have to watch as the share price hopefully reacts to positive news-flow as and when it is announced.
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.
Velocity Composites share price data is direct from the London Stock Exchange

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