Velocity Composites Share Discussion Threads

[mirako] 14/5/2021 09:13

Presumably the customer is the former GE Aviation site in Hamble?

[death by donut] 14/5/2021 08:35

Says unknown on sharepadDbD

[diku] 14/5/2021 08:27

Think those 24.4p on the sell columns are buys...

[death by donut] 14/5/2021 08:20

Trying to work out if the new money - £1.4m - is annual or total for 3yrs.DbD - Don't hold

[diku] 14/5/2021 07:34

Has this finally woken up?...more contract news...

[diku] 14/4/2021 17:10

So that suggest 22 shares was wholly responsible to move the offer price?...

[carlo sartori] 14/4/2021 14:19

Well diku, the closing bid/offer yesterday was 20/21 and it has moved to 20/22 today, the # shares traded was 22.................... the move in the bid offer is miniscule so I don't believe there is any story here!

[diku] 14/4/2021 13:07

Obviously very unlikely that 22 shares is the full story...

[carlo sartori] 14/4/2021 11:03

Don't think a markup of 1/2p on the back of the sale of 22 shares constitutes much of a "move" diku!!

[diku] 14/4/2021 10:44

On the move?...

[geraldus] 07/4/2021 07:46

Watching these,but airline recovery pushed back even more.No need to chase them.

[diku] 25/3/2021 09:03

That is a good contract win...not on the radar screen yet?..

[timbo003] 28/1/2021 12:42

A few nuggets from the presentation (and Q&As)

* The outlook is not as bad as I had anticipated even if the Pandemic lingers on
* They are hghly operationally geared if and when things do improve
* There is a plan B if civilian aviation industry does remain moribund

[yump] 28/1/2021 11:13

Its a shame that just as this company wasn't getting going, something else happened to make it get going less.

Still hopeful though. Put a small amount in ages ago.

[timbo003] 28/1/2021 11:10

See link to Investor meet company presentation from yesterday

[euclid5] 17/12/2020 13:04

H1 20 revenue and cash

As a result of this rapid change in demand, revenue in H1 20 is now expected to be circa £9.4 million (H1 19: £12.2 million). Cash at bank was circa £2.8 million (£2.0m after use of Invoice Discounting facility) at the 30 April 2020, compared with £3.4 million at 31 October 2019 when the Invoice Discounting facility was not utilised. Earlier in the financial year, cash was invested in the Company's new R&D centre and along with the purchase of additional cutting machines to support long-term expansion opportunities in the US.

There were also some exceptional cash payments to settle exceptional costs charged in the prior year. The Company continues to have access to its £5m Invoice Discounting Facility, which was drawn down £0.8m at 30 April with additional capacity of £1.4m as at the 30 April 2020, based on outstanding receivables.

[dave-w] 26/11/2020 14:29

What are you looking at jayminpatel1? As far as I can see VEL are not listed anywhere since Feb 2017?

[kingharold] 19/11/2020 15:21

"Velocity to supply kits for Boeing 737 MAX programme"

[tez123] 19/11/2020 13:19

Probably the boeing 737Max contract kicking in after yesterday's news in the US

[pugugly] 19/11/2020 12:38

?? Tipped somewhere?? Up 50% after poor figures on 17th - OR just a pump and dump exercise?

[jayminpatel1] 19/11/2020 12:37

50% rise for a loss making business wow

[dave-w] 29/1/2020 17:59

They were subjected to a CTO (stock cease trading order) in British Columbia in February 2017 for failing to report financial data. That seems to be last thing anybody knows. (Wonder what the directors did with our money???)

[carlo sartori] 28/1/2020 23:05

Thanks for that Sidam. The current forecasts are certainly almost 100% UK and EU centric, and indeed the US is where Velocity should see huge opportunities. I suspect (hope) that the current forecasts are at the low end and totally ignore the opportunities that the US provides.

Carlo.

[sidam] 28/1/2020 15:23

Carlo S

Hi, the number was taken from the previous research published last November. It was towards the end of the 40 + page note. I would speculate that on the extra £12.5m of revenue, Cenkos are expected higher gross margins. Otherwise £2.4m of EBITDA would seem high on that extra revenue. I would also speculate that the possible extra revenues are likely to arise in the US. It is this possibility followed by further substantial growth which could make the current share price ludicrously cheap. Current forecast appear to be UK and EU centric and without extra growth the shares would be rather boring and possibly too high at least in the short term. So fingers crossed for some big wins.

[my retirement fund] 28/1/2020 11:47

Making a loss and flat lining last year doesn't exactly inspire confidence