Vela Technologies Share Discussion Threads

[daicaprice] 14/12/2018 10:00

I see Airportr is now available with Virgin Atlantic, it also seems to be growing very nicely.

DC

[sweepie2] 04/12/2018 07:09

Excellent update when you consider the current weakness of bitcoin

Argo, a leading UK-based provider of cryptocurrency mining services (LSE:ARB), is pleased to announce continuing strong growth as sales of its subscription packages continue to exceed supply and the Company's expectations.

The total number of sold packages increased by 146 per cent from 4,200 as at 1 October to 10,325 as of today after a new batch of mining packages sold out immediately on release to the market. As a result, the Company's target number of packages by January 2019 has been beaten by a significant margin ahead of schedule.

Argo estimates its current annualised revenue run-rate at approximately $6.2m (£4.8m), up from $0.26m at the time of its London stock market listing in August 2018.

Net cash amounted to approximately £15m as at 30th November.



Mike Edwards, co-founder and director of Argo, said: "Argo has come a long way since its inception only a year ago. Despite a recent downturn in the cryptocurrency market, we are continuing to experience a strong ramp-up in revenues due to good execution of our growth strategy.



"Our mining packages are being snapped up as quickly as we make these available and demand continues to exceed supply. With a strong balance sheet and prudent management of our investment in growth, Argo's long-term prospects remain bright and we look to the future with confidence."

[jerseymike] 30/11/2018 08:26

Agreed DC. And if the company website was made current more people could better understand what the company is currently involved with. It's not just blockchain.

[daicaprice] 30/11/2018 08:23

More good news this morning, stream TV looks to be an excellent investment.

DC

[daicaprice] 29/11/2018 10:33

Positive news from BTL just out.

DC

[daicaprice] 28/11/2018 11:10

Looks like someone wanted out or to reduce drastically.

DC

[daicaprice] 28/11/2018 09:35

Just taken another 420k to average down, happy to add down here.

DC

[bingham] 27/11/2018 23:13

The game is up here I`m afraid, bitcoin is going back to below $1000, If you watch the RT tv channel even Max has given up.
PS I`m not short just realistic.
All the best.
B

[acquisitor] 27/11/2018 21:36

Interesting that the chart almost exactly follows the Bitcoin chart. People who were thinking that they had missed the boat on the latter jumping into Vela amongst other proxies. Vela has fallen by the same percentage as Bitcoin. I bought into this at 0.16p a couple of years ago, on the basis that the directors know their stuff and had a lot of skin in the game. Equally I think that they are undervalued based on the potential value of the underlying investments.

Nothing has changed for me and will look to buy some more when there is a clear upturn in the price. Otherwise nothing has changed and I'm not in any hurry to sell or buy. A share with this kind of spread is not for trading, but for long term investment.

[daicaprice] 27/11/2018 17:33

Totally agree Jersey, a couple of standout investments for me.

DC

[jerseymike] 27/11/2018 17:27

In my opinion £3m is way too low a value for this company - but there are not enough interested people with opinions like mine it seems. I'm like DC, bought back in too early. This is like Tern though. It has good investments and should come good in time but there is not enough (quite correctly) in the public domain yet. Patience should be rewarded.

[daicaprice] 27/11/2018 17:08

It certainly wasn’t first week in September when I got back in mate.

DC

[sweepie2] 27/11/2018 16:46

Where is the bottom?

[ken chung] 09/11/2018 08:59

A fine short.Lemmings and mushrooms only.

[imjustdandy] 08/11/2018 15:15

BTL started where it left off. booming

[smraynot] 08/11/2018 14:29

Great news imhho.Could be a multi bagger.

[imjustdandy] 08/11/2018 13:23

Don't think so. BTL about to open up in canada in 10 minutes. Lets see

[cudmore] 08/11/2018 13:14

Pump and dump

[bingham] 08/11/2018 08:51

That`s just dandy.

[imjustdandy] 07/11/2018 20:25

BTL booming in Canada.

[hootza616] 23/10/2018 14:04

AGM rns out.Short and sweet!

[cudmore] 19/10/2018 10:34

This moves on each trade. Crazy!

[babbler] 19/10/2018 08:49

Sudden jump... Huge spread. Lol