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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Velocity Composites Plc | VEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -3.17% | 30.50 | 15:11:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.50 | 30.50 | 31.50 | 30.50 | 31.50 |
| Industry Sector |
|---|
| AEROSPACE & DEFENCE |
| Top Posts |
|---|
Posted at 18/1/2025 13:32 by melton john I watched Bank of Dave again yesterday after a few years. Based in Burnley, the story of Dave, a successful businessman, and his efforts to get a banking license against the hurdles imposed by the City mafia protectionists. A good yarn, probably the only banking presence in Burnley these days if the rest of the country is any measure. Maybe a bit small for VEL though. |
Posted at 07/1/2025 10:53 by volsung For the last week or so I have only been buying stocks starting with the letter ‘v’So far so good with VCP,VLX, VIC and of course VEL. |
Posted at 13/12/2024 12:32 by cyberbub Rivaldo I think upper 30s in the coming weeks seems more reasonable to me than Zak's target. Remember where the CFO bought. I can see possibly £2m profit next year as the big US contract already issued ramps up, and they claim to have £200m in their sales pipeline. So by next Xmas VEL could be at 50p+ IMO. Cash seems tight at first look, but the facilities they have in place should see them through with no need for equity. By 2026 they will have paid off the COVID loan as well, so that will be less outgoings...All IMO of course, GLA |
Posted at 12/12/2024 20:51 by serratia I think the proprietary bit was the software they wrote to control the cutting machines and sheet optimisation. It's not off the shelf stuff but that type of work is used a lot in laser metal cutting.The GP should stay in the 20 -25% range as the material is provided by the customers as they are able to negotiate from strength so little RM cost to VEL. Also minimises WC. Admin % will fall with volume. In H1 2023 it was 40.2% of revenue then 31.6%, 30.9%. Probably around 28% in H2. Should drop further as the US plant ramps up. |
Posted at 12/12/2024 13:17 by sphere25 People! There are people on the tiddler boards!It is actually moving reasonably well here. We can clearly see someone is chomping up blocks by the trades hitting the book and volume has moved over 1m, which is alot for VEL. It just needs to break 25p and it could have some momentum. I was looking at the previous spikes on the chart and thinking, maybe it can do one of them! Definitely evened out on the supply and demand and small buys appear to now be causing a little trickle higher in the price. Maybe a first sign the big seller is dwindling here. Can it break out? All imo DYOR UPDATE 14:01 Price is shifting higher to 24p-25.6p. Yeah, this is close to a breakout. The shares aren't available like they were before so these big buyers do appear to be gobbling enough to test that breakout. Some buy orders popped up in the auction as well and they went unfilled. |
Posted at 12/12/2024 12:20 by rivaldo I bought in here on the bell and afterwards for the first time this morning having watched for years, for the same reasons as others.The m/cap is low given the potential, achieving positive operating cash flow and VEL's now being into positive EBITDA territory and on the cusp of making a real PBT. With VEL forecast to achieve decent surplus cash for this year, a small fundraising at current or elevated levels to accelerate growth would be fine anyway. VLE would appear to be in the right place at the right time to meet record order backlogs and to help achieve improved efficiency and higher sustainability targets. |
Posted at 12/12/2024 11:16 by martinmc123 3*Velocity Composites plc, the leading supplier of composite material kits to aerospace, issued an encouraging trading update for the 12 months ended 31 October 2024. Revenue was up 40% to £23.0m (FY23: £16.4m), driven by growing US sales driving a positive adjusted EBITDA of £0.4m, the first time since the Covid-19 pandemic (FY23: adjusted EBITDA loss £(1.6m)). Revenue was slightly ahead of current market forecasts, with sales in the US quadrupling to £7.9m (FY23: £2.0m) as a result of the Company onboarding work from its major US customer and the Company expects sales in the US to continue to grow, as production ramps...from WealthOracle wealthoracle.co.uk/d |
Posted at 27/11/2024 16:40 by tomtrudgian You say Melody9999, that VEL are in a long term industry. That is rather obviously true, and logically the company should be viewed over a multi year scenario. Yes, VEL’s share price has, like many others, been affected greatly by 2024’s diverse and quite extraordinary geopolitical events throughout Asia, Europe and the USA.However why should VEL have paid for an earlier RNS reply? Was it not natural for the CEO to sell such a trivial part of his shareholding, after so many years without a dividend? I have found it difficult to get a quote to buy (or sell) substantial amounts of VEL shares until very recently. Perhaps others may enlighten me. VEL’s RNS Trading Update was long ago announced for 12 Dec. Tom Trudgian |
Posted at 26/11/2024 19:36 by melody9999 VEL are in a long term industry. But the share price has halved in 2 months and that just does not make sense because the company has not reported any change - positive or negative - in that time period. |
Posted at 26/11/2024 13:37 by melton john JPMorgan give £2 per share upside on GKN Aerospace owner MRO melrose Industries good read across to VEL imho. |
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