Velosi Share Discussion Threads

[kimball808] 10/12/2010 10:03

Well you have at least moved the KENZ share price ohisay....:-)

[koolio] 09/12/2010 13:38

Slim to No Chance of another offer IMO.

[melton john] 09/12/2010 12:35

Pleased to say I bought in at 83p 18months ago. Not so pleased that I sold some at 110p last april. What do you think the chances of another offer?

[ohisay] 09/12/2010 10:54

i've just bought some kenz on the basis of that fd report.i like the forward visibility of the order book.and technically rather oversold too.

[kimball808] 09/12/2010 10:02

got in at 109, and this was my worse performing holding, and was thinking of getting rid of...so happy I did'nt...

[ohisay] 09/12/2010 09:30

Worth reading again if you like sector - Velosi was one of their 3 star buys

[koolio] 09/12/2010 09:00

Kool - Where next for the funds ?
I also held HMS from lowly levels.

[taylor20] 09/12/2010 08:54

Well done guys, have to admit I lost the faith on this one, thought it would never realise its true value - unless there was a takeover of course!

Well done to VELO for keeping a lid on it as well, seems to be an even rarer thing for AIM stocks these days.

I bought in 3 years ago at 137p, so 165p is a little disappointing for long term holders.

[spot1034] 09/12/2010 08:32

Excellent news - only just seen it. I held Hallin Marine (HMS) in the same sector which announced a t/o out of the blue on almost exactly the same day last year (Friday Dec 11th) so maybe it will be worth looking for another oil services company in Dec next year!

Didn't have as much in here but stil a nice surprise just before Christmas.

[ohisay] 09/12/2010 08:22

Yes - what price did you buy in at - I was in a 105p - should pay for Xmas !

[kimball808] 09/12/2010 08:16

looks like just you and me ohisay enjoying this one...

[ohisay] 09/12/2010 07:53

Do I not like it .Hope you all got on board.

[kimball808] 09/12/2010 07:35

has Panmure got fat fingers today bid 160 offer 170..

ohhh all clear now...big :-)

[kimball808] 30/11/2010 20:59

A company whose share price is at or below its net asset value is a strong buy signal for many recovery fund managers and is a big reason why Deryck Noble-Nesbitt, the manager of the Close Special Situations fund, holds Velosi. It is Velosi's strong cash backing - with 75% of its net assets made up of either cash in the bank or liquid working capital - that has attracted the manager's attention to the oil services testing group. Recovery managers will focus on cash as their best guide to intrinsic value and often use discounted cashflow (DCF) models to unearth ideas. DCFs are frequently used in the analysis of utilities, which have dependable future cashflows that can be discounted, using an implied equity-risk premium (ERP) to arrive at a net present value (NPV). They are equally applicable to an incumbent telecom network such as Vodafone.

[ohisay] 16/11/2010 15:00

From the FD note...


VELOSI provides Testing, Inspection and Certification services to
major national and multinational oil and gas companies. The
services are divided into three sectors – project, maintenance and
certification. Overall long-term contracts represent around 70% of
sales with top 10 clients representing about 40% of group revenues.
Chevron is the group's largest customer representing between 10-
15% of turnover.
Project services include the provision of Quality Assurance and
Quality Control project verifcation services, ensuring that assets
under construction are assembled to required quality standards on
behalf of asset owners. This includes the review and audit of
engineering and construction contractors' quality procedures and
quality planning, ensuring that all phases of the project are
completed to the required standard and specification.These
services represent around 50% of group revenues.
Maintenance services includes a wide range of services focussed on
the operating and maintenance cycle of plant and its equipment.
Services include asset integrity management and rig inspection and
commissioning services. Clients include BP Norway, Brunei Shell,
ENI and currently represent around 47% of group sales. Statutory
Certification services ensure equipment can be sold or operated in
accordance with local or international legislation.
Overall the group has a strong competitive market position with key
strengths being a wide spectrum of offered services, established
relationships with key customer- NOCs and IOCs, a number of long
term contracts and an efficient cost base using localised
management and technicians, allowing the group to competitively
price its services when tendering for contracts.
The group operates in a highly competitive and fragmented market.
Many of the competitors are localised with few international
competitors. The main international competitors include Mistras in
the US, SGS (Switzerland), Bureau Veritas, Moody International and
TUV in Germany.
The group's strategic objective is for a focussed approach to
enhancing market share through geographic expansion. This will
entail expansion into the hotspots of current oil and gas investments
including West Africa, Brazil and Kazakhstan. The group is looking
to start up an office in Iraq. Acquisitions are sought up to around
$2.5M in more developed regions such as Korean and Norway.

[ohisay] 16/11/2010 14:55

Includes Velosi as recommended buy

[ohisay] 16/11/2010 10:49

Anywhere near 90p and I will double up.- something of a bargain IMV.

[salpara111] 16/11/2010 10:31

Still watching but I guess that with no new news expected until Feb next year they will probably continue to drift in a range.
If it falls back to the 90 line I will probably take a stake.

[gargoyle2] 12/10/2010 16:13

Been weak the last few days - anyone know why? Can't say I've seen any increase in selling volume.

[kimball808] 24/9/2010 18:22

make that 2, another went through at 5pm....nice

[longueville] 24/9/2010 16:21

139k just gone through

[kimball808] 24/9/2010 16:19

206k Friday special...;-)

[kimball808] 23/9/2010 10:29

yes pls...

[gargoyle2] 23/9/2010 09:35

I spotted that.. maybe here comes that bid...

[kimball808] 23/9/2010 09:08

385k buy...:-)