Velosi Share Discussion Threads

[qs9] 25/3/2010 10:55

Anyone got latest broker note? Barclays stockbrokers looks as though consensus has recently been upgraded very materially is this right? DYOR etc.

[darola] 24/3/2010 01:11

As an aside - look at the graph.

Last years results saw this rise over 100% in short order + we are still someway off the high of 2008 and are trading stronger!

[darola] 24/3/2010 01:05

Taken from the February trading update - Looks very promising for the 14th....

"During the year ended 31 December 2009, Velosi continued to experience a good
level of demand across the 36 countries we now operate in. New contract wins in
South Africa, the middle east and elsewhere, in addition to signing contract
extensions, ensured we have been able to continue to expand the business. As
anticipated, customers have sought to trim expdenditure where practical whilst
still looking to achieve their origninal plans on new projects; we have looked
to assist them in this and have streamlined our own cost base, to help mitigate
any impact on us.

Our cash generation and level of cash reserves remain strong, placing us in a
secure financial position."

[golla] 23/3/2010 09:09

No shares around.MMs look short of stock.

[qs9] 19/3/2010 09:30

tipped in Shares I think ahead of results in April....nice tick up none the less

[foodcritic] 07/3/2010 20:24

Thanks Gargoyle2

[gargoyle2] 06/3/2010 20:56

This quietl appeard on Velosi's website yesterday, no official RNS. rsults out on 14 April. I'm expecting this to be up at the 120p mark by then.

[marvelman] 05/3/2010 22:25

You sound a bit of a mess bookbroker. Your posts give the impression that you have had the whole world kick you in the face one by one.Virtually every one on this thread has made money on this stock and believes in the story ahead.Read the messages previous to see the reasons we hold and in particular our belief that a strong balance sheet with a good bank balance is this companies strength and not its weakness as you seem to imply. Who holds a stock just to get back to their initial position..apart from amateurs. You have clearly not taken advantage of the many opportunities that have been available in the market while you cash has been sitting there sulking.I have been in and out of this and other stocks as appropriate but have always kept it on my watch list and have invested as appropriate and currently it is singly my second largest holding. Apart from telling us that you have bought at the top and are still out of pocket I cannot see any point in your rants apart from letting off steam....if that is the case then you are no use to the rest of us although I hope that you may have more to offer than what we have seen so far.

[bookbroker] 05/3/2010 18:37

Personally I don't feel it has done well in the last twelve months, there are many stocks that have doubled or more in that time, its markets have remained strong as a result of the emphasis on safety, etc. in the oil and gas industry, it fell to a level that was unjustified ( look at CIU - same sector ), and against its continued good trading performance in particular. Nonetheless this co. is undervalued and the management should try and do more to rectify this, there is practically no institutional support due to the tight market and private holdings by management, they are too small to make any meaningful acquisition, and where is the justification for holding such large quantities of cash on the balance sheet, albeit necessary as working capital during the course of the duration of contracts. It would be better as a private co.

[melton john] 05/3/2010 18:20

Having listed at 90p 3yrs ago and having been hit by the recession and reduced demand for oil, I suspect you are not alone in being thoroughly fed up with Velo, probably bought higher than 90p and are kicking yourself for not topping up at 40p. The chart recently shows sellers limiting the price rises to around 90p. This could be people like yourself or others taking profits from around 40p, but despite this it has done very well to double in 12months. I don't have any doubts in thinking it will do well given time. The company seems to have made good progress in the last 3yrs. I don't mean to patronise you, I have taken big losses in the past, I could paper my toilet wall with share certificates of failed companies which kept spending more and more shareholders cash. As Koolio says, if you've lost faith, then do yourself a favour and move on.

[koolio] 05/3/2010 12:23

Nothing wrong with taking a loss if you have a better prospect for your cash.BB.

I don't hold anything that I have lost faith in but I hold plenty where I show a paper loss, just because you didn't buy at the bottom doesn't make it a poor performing company. It must surely make it a more attractive investment than when you made the initial purchase if nothing fundamental has changed.

The spread is the killer here.

[evaluate] 05/3/2010 12:06

Bookbroker,

It's up 100% in the last 12 months.

What are you expecting?

[dibbs] 02/3/2010 22:29

bookbroker,

RCG has a raft of reasons why it is lowly rated IMHO. With the Nina Wang court case, possible fraud by major shareholders, police raiding the RCG offices, uncertain arrangements concerning deals etc etc. RCG shares could fly if some issues are cleared up but I think it is these factors that are holding the shares back and not simply the fact they have big foreign shareholders.

Dibbs

[marvelman] 02/3/2010 20:08

Bookbroker

There are a myriad of opportunities out there for you to put your money in so why in Gods name are you still investing in this one with that opinion? For heavens sake sell and put yourself out of this misery.

[bookbroker] 02/3/2010 18:00

You all keep harking what a top co. this is, however as with other cos. I invested in such as RCG Holdings and Natasa Mining, these cos. are controlled by the major shareholders from Malaysia and Hong Kong, albeit with London listings, and as a result they will never haver any institutional support and thus will never receive a true rating. As a minority shareholder I feel that it is probably best left to others in future as its balance sheet and operating performance will never be recognised by the investment community, it is always interesting to read others opinions, sadly they are unlikely to lift the share price, and I am not so sure that the management will be able to either.

[glasshalfull] 02/3/2010 17:39

Thanks Koolio. Appreciate the insight.

Regards,
GHF

[marvelman] 02/3/2010 17:07

Brilliant post for all holders here Koolio...many thanks.

[koolio] 02/3/2010 17:00

LOL Not in this lifetime.

This may be a point worth pointing out. We had worked with another certification company in all the business that we have done in the Middle East, never had many issues. Most of our work was for the construction industry upto recently when we have geared up (more actively pursued) O + G work.

Well, the Qatari's will not accept certificates issued by our previous choice the Qatar O +G chaps will only accept the certificates from suppliers which are on their approved suppliers list. Hence the fact that my equipment either has to be inspected by my old supplier every year and then on occasions before it goes to Qatar be re-certified by Velosi (Approved by QP & now QG) or switch our inspection regime to a single supplier.

So there is another reason I continue to accumulate Velo shares.

It's easy to see why the Petroleum industry favour them it's nothing sinister it's simply that they are very thorough and do not accept anything out of the parameters that are industry recognise.

[stegrego] 01/3/2010 19:55

Koolio,

Any chance you can put about £50 million quids worth of work their way? ;)

[melton john] 01/3/2010 18:02

The falling pound should get more interest in stocks like Velo which earn foreign currencies. Thanks for the feedback Koolie.

[koolio] 01/3/2010 16:58

Marvelman this stock has huge potential imho.

Let's see but I figure it will be taken out before it reaches it's potential.

PS I paid 1½p over mid price only that was a good surprise.

[marvelman] 01/3/2010 16:50

That was a very reassuring post Koolio. Not often do we have "real time" dealings with our investments. I have not budged from this stock for almost 2 years and it is the spread that puts me off adding more but as you have bit that bullet I am sure that little bit of pain will be a distant memory quite soon. Regards.

[koolio] 01/3/2010 16:41

I have taken another little nibble today.

Marvelman's post helped to convince me that it was the right thing to do. That news is potentially huge, I wonder why no RNS.

I gave velosi a wee bit of work this week and they impressed me no end.
They sent me a competitive proposal within 24hrs of my asking and followed it up with a call from the division manager checking that they had understood my needs correctly. They then followed up on the PO, and when they received it they were on site as promised (on the weekend)

Previously I have used other 3rd party inspection/certification companies, Velosi's team that visited me gave sound advise and did a good job in quick time.

If you hold velo shares I am sure that you will do very well.

Very happy to hold and accumulate.

[melton john] 28/2/2010 13:24

Nice one, thanks Marvelman.