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 Shares Traded Last Trade
  0.00 0.0% 19.00 10,262 08:00:02
Bid Price Offer Price High Price Low Price Open Price
18.00 20.00 19.00 18.20 19.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 9.77 -1.55 -3.00 7
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 10 18.00 GBX

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24/5/202208:51Velocity Composites PLC195
26/11/202014:29Vanoil - BIG oil prospects in EAST AFRICA !!273
28/9/201009:28VELTI - cheap and interesting?103
24/1/200614:39R EAST SECURITY-

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Velocity Composites Daily Update: Velocity Composites Plc is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker VEL. The last closing price for Velocity Composites was 19p.
Velocity Composites Plc has a 4 week average price of 17.50p and a 12 week average price of 17.25p.
The 1 year high share price is 31.90p while the 1 year low share price is currently 15.50p.
There are currently 36,411,539 shares in issue and the average daily traded volume is 13,681 shares. The market capitalisation of Velocity Composites Plc is £6,918,192.41.
melloteam: Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows: Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF) Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies Just to let shareholders and prospective investors know that VELOCITY COMPOSITES will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams. Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50. For more information, please visit the event webpage: Https://
diku: Single digit shares managed to move the price up?...or hidden trades yet to be reported...
my retirement fund: Well its a tec share so out of favour, its loss making, will probably never make a profit and probably need more capital at some stage, micro cap, its on AIM, its highly illiquid. Why is the spread bizarre, if I were a market maker with this on my books I certainly wouldn't want to be holding a quote for even the smallest smidgen over my minimum regulatory quote and would probably prefer to run a short book if if possible.
diku: VEL is top of leader board...
diku: So that suggest 22 shares was wholly responsible to move the offer price?...
euclid5: 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: What are you looking at jayminpatel1? As far as I can see VEL are not listed anywhere since Feb 2017?
sidam: 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.
jonwig: Another purchase from him: Velocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has been informed that Andy Beaden, non-executive Chairman of the Company, has today purchased 75,000 Velocity ordinary shares of 0.25 pence each at an average price of 23.40 pence per Ordinary Share. Mr Beaden now has a beneficial interest in a total of 225,000 Ordinary Shares representing approximately 0.63% of the issued share capital of the Company. Wot's up? Summat's up!
mtioc: I agree that current performance does not justify share price, but nevertheless I have bought a small initial holding. In general any shares that currently have the characteristics that I like (e.g. ROCE>15% and relevant profit margin at least 10%, consistent growth, cash generative and management on the right side of the table etc..), are all too expensive for me (e.g. EBIT yields<4% versus the 8% I would like). In that case, if I could be reasonably confident that a share could meet these thresholds in the medium term, I may take that risk rather than buying one I consider very overpriced now. VEL has an EV of c. £30m and should make £1m EBITDA (normalised) on c. £20m sales. On its own, £30m is a ridiculous valuation, but if it made the forecast £4.5m EBITDA (on £35m sales) for the next year (and that was sustainable) it would be relatively cheap. Therefore the key is the confidence that VEL will grow to that level in the next few years. Commercial airliner production is set to grow significantly over the next 15 years. The major manufacturers, Airbus and Boeing, have developed their platforms and the next airframes will not appear until the mid to late 2020s (i.e. this is the period for them to recover their development investment). This is covered in detail in the listing docs. VEL mainly provides services to the Airbus supply chain. The new-ish Airbus wide body, A350, will double production from 5/month to 10/month and has a c. 9 year order book. The narrow body, the A320 with new engines, will increase from 50/month to 60 and has a similar order book. At the moment, we do not know how much revenue VEL gets from each aircraft produced. However, a bit of research suggests VEL is embedded in the supply chain and its sales should grow rapidly with production increases. In its latest news release it mentions a major US customer contract win. VEL only appears to have one major US customer, GE. Its composites (mainly for airframes) are done in Hamble (near Southampton) in an old Smiths facility. According to Googlemaps, VEL's facility in Fareham is 20 minutes drive away. Given Airbus order visibility the supply chain ramp up is no surprise - everyone in the industry has been talking about it for years. Since 2013, GE appears to have spent $50m on 2000m2 of composite clean rooms. In considering an investment of this size, it has still outsourced the relevant services to VEL (after making sure they could deliver on a PO basis first). VEL would therefore appear to be embedded in a very predictable and growing supply chain. The story of Safran Nacelles (mainly engine composites)in Burnley is very similar. (These big plant investments are covered in loving detail by local newspapers.) VEL may be able to expand this model with existing and new clients. GE for example may take it into the Boeing supply chain, where the latest models have more composites than any others. There could be potential to serve other commercial aviation clusters (e.g. Hamburg or Tolouse). I also like the fact the management team are at the right point in their careers, have significant shareholdings and a clear vision. Hope this is helpful, but as always DYR.
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