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VEL Velocity Composites Plc

31.00
-2.00 (-6.06%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Velocity Composites Plc LSE:VEL London Ordinary Share GB00BF339H01 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -6.06% 31.00 30.00 32.00 32.50 31.00 32.50 35,829 13:19:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Parts, Aux Eq, Nec 16.41M -3.14M -0.0588 -5.27 16.58M
Velocity Composites Plc is listed in the Aircraft Parts, Aux Eq sector of the London Stock Exchange with ticker VEL. The last closing price for Velocity Composites was 33p. Over the last year, Velocity Composites shares have traded in a share price range of 30.70p to 56.25p.

Velocity Composites currently has 53,468,368 shares in issue. The market capitalisation of Velocity Composites is £16.58 million. Velocity Composites has a price to earnings ratio (PE ratio) of -5.27.

Velocity Composites Share Discussion Threads

Showing 151 to 173 of 1250 messages
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DateSubjectAuthorDiscuss
29/7/2009
11:24
Not surprised they didnt give a trading update at the AGM having done so not a month ago.

Did anyone see that 50k buy at full ask?

nurdin
28/7/2009
11:54
Velti plc, the global technology leader in the provision of mobile marketing and advertising solutions for advertising agencies, brands, mobile operators and media, will announce results for the six months ended 30 June 2009 on Wednesday, 9 September 2009.

Alex Moukas (Chief Executive Officer) and Pantelis Papageorgiou (Finance Director) will make a presentation to analysts, at the offices of Bankside Consultants (1 Frederick's Place, London EC2R 8AE), at 9.30am on that day.

nurdin
28/7/2009
07:52
AGM tomorrow...should give the share price a good boost if they confirm the continuing strong growth as per their last trading statement.
nurdin
14/7/2009
07:54
Next AGM on 29 July...just 2 weeks away.Expect a bullish statement there..:O)
nurdin
13/7/2009
10:11
thats more like it...starting to breakout now...
nurdin
13/7/2009
08:43
If the share price goes past the previous high of 171p...we could see 200p pretty sharpishly imo
nurdin
13/7/2009
06:54
I was thinking of EV/Sales rather than Mcap/Sales. The latter half of my post was to calculate what the Mcap would be in a year's time if EV/Sales remained at 1.5. Granted, I am not very good with maths so may have missed out some of their obligations in my original EV calculation.

As regards EV/EBITDA agree that it is a useful alternative metric to EV/Sales. One thought though - I suppose their EV/EBITDA multiple may be lower as a result of capitalisation of capital investments boosting their EBITDA and if the sector comparables are not making the same level of capital investment then that could explain some of the variation in the multiples.

Also there aren't many listed / traded stocks for digital mobile marketing companies out there. So when you refer to sector average are you comparing like with like?

Anyway, this sector is red hot at the moment and many of the big media companies are only just beginning to understand what is possible with Mobile Marketing so I think there are many years of growth ahead.

darcon
13/7/2009
06:13
I think EV/EBITDA is a better metric than mcap/sales,if you feel uncomfortable with PEs and other measurands.

Veltis EV is now about £72m....including the £10m of additional debt.EBITDA is forecast at £19.1m for 09 rising to 23.1m in 2010

EV/EBITDA is therefore 3.9x for the current year dropping to 3.1x next year.

Compare that to sector average of 8.25x

nurdin
13/7/2009
03:21
Some rough calculations using Enterprise Value / Sales multiple and the figures quoted by Midas:

= MCap + net debt / Sales

= £56.234m + (12.368m - 10.287m) / Sales

= 58.315 / 39

EV/Sales = 1.5


If profits rise by 50% and net debt increases by a further £10m then we get following MCap applying EV/Sales formula with all other values being equal:

1.5 = MCap + (22.368 - 10.287)/ 61

1.5 = MCap + 12.081 / 61

MCap = (1.5 * 61) - 12.081

MCap = 79.419m on a 1.5 EV/Sales multiple

= 40% upside to current MCap (which doesn't necessarily translate into a 40% upside to the shares because of the additional dilution caused by the loan, but it may be higher if the EV/Sales multiple ought to be higher for this industry - anyone have any ideas for comparables?).

darcon
12/7/2009
08:58
Watching it isnt going to get you anywhere...reckon these are on the verge of being rerated after the Midas tip.

Forward PE is still under 5! Reckon the multiple could fall even lower if their Indian and the Chinese operations get wind in their sails...

Broker has a target of 300p.

nurdin
12/7/2009
08:47
I shall put this on my watch list with IMG.
VEL has a nice website

saturn5
12/7/2009
06:39
Tipped by Midas in todays MoS.''...this company should grow exponentially over next five years...''

I agree.

nurdin
02/7/2009
16:51
We don't know the interest rate on the loan - they have ommitted to tell us.

We do know that the arrangement fee was equivalent to 14% of the total loan amount - in shares - at market value.

It is totally wrong to say that it has cost them nothing - it's cost them / us 14% of the total amount raised.

The fact that they did it with shares is neither here nor there.

It's not the action of competent management that had a lot of choice IMHO.

Either they are idiots or they couldn't raise the cash any other way.

Both alternatives scare the life out of me - which is why (in best Dragon's Den stylee) I'm out.

Good luck to the remaining holders.

fr4dge
02/7/2009
16:00
Dilution is only 2.5%...and in fact the arrangement fee has cost them nothing !!
nurdin
02/7/2009
15:35
We dont know the terms of the loan facility...quite likely they were able to negotiate very favourable terms in return for the up front payment in shares.

I am holding and may even add if the price recedes further.

nurdin
02/7/2009
15:32
Must admit id not really taken notice of how many shares issued for the load facility. Does seem an awful lot of 'money' (paper) £1.38 million to arrange a £10 million loan.

14% - ive no idea what the usual going rate is, but seems excessive. Although, i suppose if it saves them cash and the insti's dont sell the shares, its probably not as bad as it appears.

stegrego
02/7/2009
14:33
865,000 shares to arrange a £10m loan facility!

WTF!

Just sold mine.

Outrageous.

fr4dge
02/7/2009
13:42
well Q1 revenue was up 50% from the rns about the acquisition. the H1 revenue is 20 m euro's v just under 16 million last year so +25% rather suggesting a slowdown even if margins are higher. I have sold.
deucetoace
02/7/2009
12:27
875,000 new shares of 5p each !!!!!!!!!! ARE THEY OUT OF THEIR MIND??

i am very dissapointed...

pro_better
02/7/2009
12:23
Additional shares dilute the price to £1.55 ish.
They're still a growth company on an undemanding rating in a good, niche market.
Hold or long term buy I reckon.

yz426
02/7/2009
12:08
not a good update IMO, smoke and mirrors about definitions of revenue and capex to ensure that they can say they did what they said they would do and what about the up front fee on this new loan facility, rather expensive is it not.
deucetoace
02/7/2009
07:22
Hat made of chocolate thankfully :o)
nurdin
02/7/2009
07:02
You prefer Tomato or Brown sauce with your hat Sir?
stegrego
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