Share Name Share Symbol Market Type Share ISIN Share Description
Velocys Plc LSE:VLS London Ordinary Share GB00B11SZ269 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 34.25p 33.25p 35.00p - - - 5,745 09:30:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 1.4 -14.1 -8.8 - 50.21

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Trade Time Trade Price Trade Size Trade Value Trade Type
08:27:4534.605,7451,988.00O
2017-11-23 12:27:5934.601,427493.80O
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DateSubject
24/11/2017
08:20
Velocys Daily Update: Velocys Plc is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker VLS. The last closing price for Velocys was 34.25p.
Velocys Plc has a 4 week average price of 32.50p and a 12 week average price of 30p.
The 1 year high share price is 101p while the 1 year low share price is currently 30p.
There are currently 146,593,495 shares in issue and the average daily traded volume is 68,156 shares. The market capitalisation of Velocys Plc is £50,208,272.04.
29/8/2017
10:33
gac141: I hope people don't mind me posting this again. I genuinely think it is relevant and without a doubt in my mind will underpin a much higher share price than we currently have in the August doldrums. "I have been doing a fair bit of research on a number of subjects and my investigations are starting to add up. 19th June Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids and biomass-to-liquids (BTL), is pleased to announce that the U.S. Department of Agriculture (USDA) has invited Velocys to submit a Phase II Application to obtain a loan guarantee for a commercial-scale bio refinery. This invitation was made after a successful Phase I Application process. The loan guarantee could apply to up to $200 million of debt as part of the total installed cost of the project. My understanding is that this cash is “ring fenced” for Velocys and they just need to finalize the program they have agreed with the USDA. 1. The plant is being designed to produce approximately 19 million gallons per year (1,400 barrels per day) of advanced cellulosic renewable diesel. This will be a high value “drop-in”; renewable diesel fuel that has no blend wall restrictions and meets the stringent specification ASTM-D975. The feedstock is from approximately 1,000 dry tons per day of woody biomass residues in the Southeast U.S. There is an abundant supply of low-cost feedstock sourced from this region that will provide a long term strategic supply of biomass to the plant. I think that they have been very astute to use this feedstock as it’s so abundant and cheap in the US that they have no scale up restrictions and my assessment of their competition is that their feedstocks are not scalable, very supply demand price sensitive and much is imported into the US market where there is likely to be a clamp down on these imports in the future. Velocys is cleverly tapping into a supply chain that has been badly affected over recent decades as the pulp industry went into decline and they will be rejuvenating this wood cutting industry creating hundreds of jobs in badly affected states in US – there will be real political support and focus to their benefit. 2. So to build a 1400 bpd plant costs about $100/b and to manufacture about $40/b.. I looked back at my notes from existing AGM's and conversations had with management over the last few years. If this is currently correct and this is an assumption (Quite close I think) Value of Bio Diesel $£70/b currently (NYMEX quoted) is I have been told a good approximation for renewable diesel. US RIN (D7) Federal Credit (under the Renewable Fuel Standard) $200/b currently California Low Carbon Fuel Standard (LCFS) state credit $30/b currently (From what I can see, its worth noting that these credits are all published and are increasing in value over time. The federal and state governments know that they need to incentivize this sector for decades to come and that’s why US laws are currently in place and will continue to be in place underpinning this market to support Velocys and others to get the investment they need to build many plants) 3. So Total revenues in round numbers $300/b offset cost of development and building/manufacturing finished product say $140/b leaves a surplus of say $160/b. Multiply that by a 1400 bpd plant x 365 days = profit per plant per year of $81,760,000- so nearly $82 Million per year!!! for just one plant. 4. Velocys completed phase 1 of the USDA program and invited to complete phase two which covers the successful integrated demonstration of its FT technology with TRI’s gasification technology at pilot plant scale later this year and is a demonstration and proof of offtake and supply etc agreements together with the backing of a major Bank- Sumitomo Mitsui Banking Corporation (SMBC), is the lender of record. This is a huge coup for Velocys as these guys are one of the biggest on the globe for this sort of venture. They do not get out of bed unless the see huge potential going forward and the number above suggests just that. It’s clear that these kinds of partners see the Velocys route to market as the most exciting prospect to building a large number of these plants. If they get it right, which I think they will do, this could be the next “cookie cutter” plant build program to revolutionize the renewable fuels (diesel and jet) market in the US and maybe other markets around the world. FID could be just a formality and is expected in 2018. We have done everything right and I heard from a contact in California Govt that Velocys's name is known in Washington and they are also a member of ABFA and clearly on top and follow the regulatory side closely and are in very good company. If one plant can generate this sort of return then think where we will be with 5 or 10 plants.. running year after year which I hear is very realistic, in my view, in the next 5-10 years when this takes off!. My reckoning payback could be as little as 5 years and maybe a lot less as the company implements its plan to reduce costs of the plant design and construction (modularization with Morimatsu) with its strategic technology partners which is we are told a key part of their strategy! I have been contacting a number of my sources in the industry and it sounds like several of the major Oil companies are also interested in Velocys. Not to buy but work with. It would not surprise me to see BP and Shell having more to do with our company as time passes on as they are both active in this market and have been vocal on their renewed focus for de-carbonization programs where renewable fuels has a big role to play. These big companies with massive crude assets know the transition to a low carbon future will take many decades and it’s not going to be just about electric cars as in the current press! This sector in the renewable Fuel market is huge as the current US market alone today is +150 billion gallons per year of diesel and jet and it looks like Velocys have identified a number of sites that a 1400bpd could be replicated with feedstock for decades ahead. 5. We know from previous, that Ervington is a huge supporter and shareholder and maybe this potential UK GTL plant, earlier news released, will become a reality- more than one contact thinks so. If British Airways is not involved I am a Dutchman...no offence to my friends in Holland. 6. The share price is not exciting at the moment but the potential is absolutely enormous and when what I believe to be true is confirmed, we will see a multiple rise. I hope you find this helpful in understanding Velocys potential ...I do feel there are exciting times ahead....
22/7/2017
19:09
fluky: My assumptions/scenarios were posted in #3343 & 3345. Here they are: #3343: Velocys cannot survive this year without a cash injection. There are a few scenarios to get to year's end: 1. Another raise at approx 50p - probability: 5% - Will run into shareholders opposition because last round was at 225p unless VLS could grant them a deal. 2. An acquisition by a strategic partner - probability: 80% - would mean that the VLS shares are converted into cash and/or shares of the acquirer 3. VLS goes out of business - probability: 15% If VLS stays in business I'll go for 125p at Christmas 2017. I'll go for zero in the other cases. In the latter case, the shareholders will have cash or shares equivalent to 55p VLS share price. I discard the "going out of business" scenario. Thoughts? I added later a 4th scenario, responding to Fern's comment: #3345: Good point. Let's add scenario #4: RA takes VLS private and buys out the other shareholders at 55p - probability 30%. Probability of scenario #2 goes down to 50%. Fern5: what do you think? ------- Now that I retrieved my old posting, I am surprised about my prediction of the raise at 50p...
11/5/2017
09:34
arf dysg: I did notice, a few years ago, that when Investor's Chronicle tipped something, the share price went up immediately, but not when Shares tipped it. This might be explained by the fact that IC's circulation was about three times that of Shares. I can no longer find Shares in W.H.Smith so I can't check out its circulation figures. Amusingly, Shares once observed that a particular jeweller was "up on no news". Idiots. IC had tipped it and, surprise surprise, the share price went up. A week later, Shares belatedly noticed the rise in share price.
09/4/2017
20:02
thebigshortfella: Brucie5 - thanks. I am hoping/expecting for something higher than that if new customers are announced. That said, you are probably being far more realistic! I am curious to see if an increase in the oil price moves VLS higher. I am pretty sure that some institutions trading systems had VLS classed as an oil sector stock as oil price movements over the past 2 years are highly correlated to VLS's share movements. It didn't make sense to me that the VLS "story" had significantly improved since 2014 yet the share price was going down (in line with the oil price). If I am correct (and obviously I may not be!) it will be interesting to see if those same institutions trading systems still have VLS classed as an oil sector stock and if they start automated buying on an uptrend in the price of oil.
06/2/2017
20:00
pugugly: Another possible drag on the vls share price "More pipelines form part of a wider, deflationary trend of rising energy supply that is likely under President Trump (see this). That means not only gas markets, but also coal miners and even power generators will feel the effects as those ripples grow more intense" https://www.bloomberg.com/gadfly/articles/2017-02-06/new-gas-pipeline-approvals-here-comes-the-monster. Declaration - A vls holder - and still partially under water so I need a higher share price but just looking a possilbe potholes on the way there - See also > https://www.bloomberg.com/news/articles/2017-02-06/u-s-oil-gas-prices-seen-falling-with-trump-energy-revolution
04/1/2017
15:49
fluky: Velocys cannot survive this year without a cash injection. There are a few scenarios to get to year's end: 1. Another raise at approx 50p - probability: 5% - Will run into shareholders opposition because last round was at 225p unless VLS could grant them a deal. 2. An acquisition by a strategic partner - probability: 80% - would mean that the VLS shares are converted into cash and/or shares of the acquirer 3. VLS goes out of business - probability: 15% If VLS stays in business I'll go for 125p at Christmas 2017. I'll go for zero in the other cases. In the latter case, the shareholders will have cash or shares equivalent to 55p VLS share price. I discard the "going out of business" scenario. Thoughts?
26/5/2016
06:40
gac141: The last time oil was $50 VLS share price was over 80p this shows what a massive disparity there is and how the share price could recover very quickly. There are signs that buying has started again it won't be long .....
25/5/2016
13:30
gac141: Yes RR has been slow and legal procedures have dragged their heels .. However I think there are many things that could lift the share price significantly over the next month or so.. 1) East Oak complete..and in time commissioned 2) Abramovich Engineering study 3) The disparity on the price of Oil and VLS Share Price 4) Directors talked about many projects not in public domain..maybe they are about to hit us? 5) Ashtabula..once East Oak is up and running.. 6) Red Rock in time late September? I reiterate that I feel this is a buying opportunity...
18/3/2016
14:21
gac141: Ok so here is the question. If you firmly believe that VLS share price is inextricably linked to the price of Oil (Which I do not but I'll come to that) Then on or about the 8th of December 2015 the price of Brent was $42...and VLS share price was 50p then why has the price languished at circa 30p? As I have said before we are not an Oil producer we make very high spec Diesel and Jet fuels and we also make Speciality Products that can sell for as much as $240/b. So with all this what is keeping it down...? I would like to see Velocys be more transparent about the projects not in the public domain and I will say this to them. Maybe the market thinks we will fail to get enough traction..I cannot see this with our first commercial plant in East Oak about to start in a few months producing all of the above... Maybe the market is waiting for that as a Catalyst perhaps the delays in the projects in the public domain have made people wary..it is possible. Red Rock has been months away from FID for quite a while now but they seem to have friends in Lake View so it must only be a matter of time. Ashtabula- The water permit has been granted. Product off-takers and gas suppliers have been identified and a number of letters of intent are in place. The company has secured letters of support from a major lender and a potential investor in the project. I guess watch this space- Exceptionally cheap feed stock from the Marcellus must make this a very viable proposition to make serious money. Greensky out but another to take it's place and British Airways still saying they will do something here. Oil price is rising and maybe will hit $50 once freeze is agreed on the 17th April. Results out in April so an opportunity for VLS to tell all or at least be a little more open. I shall be putting some my shares into an ISA quite a few more than last year so there are pluses as well as minuses so hope they do well. Exceptionally frustrating but also maybe a good opportunity to take a balanced punt over the next few months?
06/1/2016
16:15
meijiman: Well the VLS share price has taken such a pummeling that he is probably the right man for the job -arf arf.....
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