Velocity Composites Share Discussion Threads

[lauders] 22/5/2024 06:23

There is the TU RNS. Key points: As announced on 11 March 2024, the Company received OEM approval for phase 4 of the FAI process. As at 22 May 2024, Velocity has completed FAIs which enable the Company to satisfy 90% of FY24 US revenue and 77% of FY25 US revenue, with the remainder expected to be completed in FY24.

Across the global aerospace industry, production rates continue to recover. Airbus has announced a doubling of A350 production rates through to 2027. The Company is continuing to work on securing additional contracts and has live bids in with customers in the US and in Europe.

Looks OK to me and more "colour" to come later today no doubt.

[lauders] 22/5/2024 05:10

VEL presenting at Mello today. Will we see a decent RNS before the event? Soon find out. Hopefully the recent strength is a good omen!

[gopher] 15/5/2024 09:29

A trading update is due shortly as 24th last year. It's not been a great year for shareholders with fund raises and losing the finance director is never reassuring so hoping for a positive outlook.

[lauders] 14/5/2024 10:19

The recent strength would seem to indicate things are fine behind the scenes. Hopefully some good news will arrive before the Mello presentation. Would be nice for the presenter to have some recent positive event to talk about!

[geraldus] 10/5/2024 08:16

Sniff of another contract here?

[melloteam] 02/5/2024 12:18

Velocity Composites will be at Mello2024 on Wednesday 22nd and Thursday 23rd May 2024, 9am-6pm at the Clayton Hotel & Conference Centre in Chiswick, London. The annual flagship in-person investor event will feature over 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more!
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For more info:

[husbod] 02/5/2024 09:43

Maybe the company believes that an announcement of the FAI could be a trigger for taking the company into the big league and they therefore need a larger player Ito persuade more institutional shareholders to join the register.That with the recent director share purchase makes me suspect/hope we could be at a turning point.

[gopher] 02/5/2024 09:19

Recent director purchase make imminent fund raise less plausible unless big order on the horizon. Personally pleased to see mainstream broker appointed.

[techno20] 02/5/2024 07:51

Note today’s announcement. Not sure why a £16m cap stock needs joint brokers. Imminent fund raise or exciting / disappointing news imminent or both?

[husbod] 01/5/2024 07:12

Supposed to have received FAI approval by end of last month but no confirmatory RNS as yet.Problems or just a few days slippage?

[husbod] 10/4/2024 10:45

Small top up only as already have a shedful

[husbod] 09/4/2024 21:39

Ah yes - thanks I missed that.Seems to me he wouldn't be buying if he isn't confident that the FAI won't be confirmed towards the end of the month.Might follow his example

[geraldus] 09/4/2024 18:34

He did also make a larger purchase at the end of yesterdays trading.

[husbod] 09/4/2024 16:18

Nominal indeed but his overall holding isn't too modest.We should get confirmation of the FAI process at the end of this month which is quite a big step - see contract update RNS of 11 March. Fingers crossed and all that.

[geraldus] 08/4/2024 07:08

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.

[lauders] 12/3/2024 01:39

Let's hope the new CFO is someone who will deliver for VEL. Good end to the day re: the share price.

[husbod] 11/3/2024 14:53

Yep, excellent news. I was beginning to get a little concerned at the lack of an update on this vital contract.

[herbert0] 11/3/2024 07:22

Good update today

[geraldus] 29/1/2024 21:05

Yes,looks like they had to parachute Kevin Hickey back in to get things on track.I am hoping this forthcoming contract does not come with a requirement for another fund raise.

[husbod] 29/1/2024 16:53

I do wonder sometimes whether, as a relatively small company, they are having problems digesting this large contract and that taking on another biggie might bring on a severe case of indigestion.Perhaps they are having to put all their resources into getting the current contract up and running and have put the second one on the back burner for the moment.

[yump] 29/1/2024 14:12

They’ve certainly got a big “moat”. Doesn’t seem to be a flock of other equivalent small businesses out there.

[hydrus] 29/1/2024 08:13

Yes Madmix -after watching the presentation and digesting the situation I'm sticking with this as I do think they've got a good chance of creating a quite large business but patience is absolutely key. I'm looking at a 3 year plus timeline now.

[madmix] 23/1/2024 21:07

Indeed, Hydrus. I'd say there's still a decent possibility of them reaching £70m annual revenue... One day.

But any investor here needs to be VERY patient. It's increasingly clear that things move slowly in this industry. Credit to them for the progress they've made, but so far they've slightly disappointed by over-promising and under-delivering on timescales.

[hydrus] 23/1/2024 17:53

The long term opportunity to grow revenues looks promising but not going to brush over the disappointing broker note comments (presumably fed from the company) about the ambiguous delay to the second large opportunity. My impression from previous comms was that it was likely to be signed and sealed imminently. Moving it back to 2025 at least is not ideal.

[gopher] 23/1/2024 17:04

As others have said solid results and no surprises which is a good achievement. I think you have to look through the FY24 or FY25 comments and say that market cap looks too low overall.