Velocity Composites Share Discussion Threads

[nephin] 08/9/2006 16:12

IasonM

How do you know it's Monday?

[iasonm] 08/9/2006 08:41

Monday results. should be strong.

[iasonm] 05/9/2006 16:46

I added at 77p. this will be quiet until next annual report. trading 7x times, including GBP 6m of cash.

[aldridge] 25/8/2006 13:59

Well I bought at the float and added at 68p so we'll see.

[cockneyrebel] 25/8/2006 09:45

Just staring a thread for this ones as results are due mid September.

Forecasts are for 5.6p eps in the current year,
8.92p in the year ahead putting them on a forward PE of just 8.9 with growth running at 100% or more this year, 35% in the year ahead. Looks like very strong growth on a low PE to me.

The company recently said revenues are up 110%


Velti provide software platforms and managed services to the telecommunications sector, mobile application services to media, retail brands and software platforms to other sectors such as financial sectors and governments.




" VELTI PLC


Strong performance in the first half of 2006


ATHENS - Velti plc ("Velti"), a provider of software platforms, applications and services for mobile network operators, media and retail brands in Greece and the Balkan region, is expected to announce a positive trading performance for the six months ended 30 June 2006.

The company, which floated on AIM in May 2006, has delivered a financial performance for the period at the top end of the Board's expectations with revenue growth of almost 110 per cent to circa Euro3.9 million from the corresponding period in 2005 and improved profit margins.

During the period, Velti experienced strong demand for its products and services from both telecom and non-telecom companies, as well as expanding its client base and securing a consistent flow of repeat business.

In Greece, Velti will start delivering value-added services to Q-Telecom in July, as part of an exclusive contract won earlier in the year and which the Board expects will add significant revenues in the second half of the year. The expansion of the relationship with Vodafone has continued with new projects including the next generation of VOSS (Vodafone On-line Sales and Services) system. New agreements were signed with TIM Greece for ring-back tones and mobile services business intelligence.

Velti has entered into a partnership agreement with the BBDO group, providing mobile campaign services to its Greek clients. Moreover under a new "framework" contract with Metro, the free daily newspaper in Greece, Velti has launched a series of marketing campaigns and competitions. The partnership with the Liberis Media Group, which publishes magazines such as Hello!, Vogue, Lucky and Men's Health, has expanded and the company has entered into a new partnership with media group, Attica Publications, which publishes titles such as Playstation2 and PC Magazine.

Management has made further progress with its stated strategy of expansion in the Balkan region as well continuing to move towards a full application service provider model. The value-added services contract in Armenia with Armentel is progressing well, with SMS competitions focused on the World Cup beating initial estimates and yielding up to 50,000 messages per day. In a joint bid with Sun Microsystems, Velti was selected by Bosnia's BH Telecom Group to provide identity management, instant messaging and value-added services integration with SMS-C and billing.

Alexandros Moukas, Chief Executive of Velti, commented: "We are very pleased by our financial performance for the first half of 2006. It demonstrates that there is strong demand for our products and services in the Balkan region and gives us confidence in our market position and strategy for future growth. We expect the performance for the second half to be stronger than the first and we are confident that the company will meet market's expectations for the full year."

The announcement of interim results is expected to be made in mid-September 2006. "


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Floated at 100p so it needs to rise 25% to get back there after the usual post float drift.

One to watch out for perhaps.

CR