Velocity Composites Share Discussion Threads

[diku] 25/3/2021 09:03

That is a good contract win...not on the radar screen yet?..

[timbo003] 28/1/2021 12:42

A few nuggets from the presentation (and Q&As)

* The outlook is not as bad as I had anticipated even if the Pandemic lingers on
* They are hghly operationally geared if and when things do improve
* There is a plan B if civilian aviation industry does remain moribund

[yump] 28/1/2021 11:13

Its a shame that just as this company wasn't getting going, something else happened to make it get going less.

Still hopeful though. Put a small amount in ages ago.

[timbo003] 28/1/2021 11:10

See link to Investor meet company presentation from yesterday

[euclid5] 17/12/2020 13:04

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] 26/11/2020 14:29

What are you looking at jayminpatel1? As far as I can see VEL are not listed anywhere since Feb 2017?

[kingharold] 19/11/2020 15:21

"Velocity to supply kits for Boeing 737 MAX programme"

[tez123] 19/11/2020 13:19

Probably the boeing 737Max contract kicking in after yesterday's news in the US

[pugugly] 19/11/2020 12:38

?? Tipped somewhere?? Up 50% after poor figures on 17th - OR just a pump and dump exercise?

[jayminpatel1] 19/11/2020 12:37

50% rise for a loss making business wow

[dave-w] 29/1/2020 17:59

They were subjected to a CTO (stock cease trading order) in British Columbia in February 2017 for failing to report financial data. That seems to be last thing anybody knows. (Wonder what the directors did with our money???)

[carlo sartori] 28/1/2020 23:05

Thanks for that Sidam. The current forecasts are certainly almost 100% UK and EU centric, and indeed the US is where Velocity should see huge opportunities. I suspect (hope) that the current forecasts are at the low end and totally ignore the opportunities that the US provides.

Carlo.

[sidam] 28/1/2020 15:23

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.

[my retirement fund] 28/1/2020 11:47

Making a loss and flat lining last year doesn't exactly inspire confidence

[carlo sartori] 28/1/2020 10:23

Hi Sidam, how do you come up with £2.4m??

[sidam] 28/1/2020 09:54

It is a pity that the new note did not include their projections of the potential upside in their numbers for this and next year giving an extra £2.4m of EBITDA in 2021. If those were realised the upside would be very large indeed. The US market is almost 10 times that of the UK. So the potential is enormous.

[carlo sartori] 28/1/2020 08:05

Final results for YE 31.10.19 look strong. Buy recommendation issued by Cenkos this morning. Hope its a strong blue day!!

[dave-w] 27/1/2020 19:10

Did you ever find out Vauch? Looks like another Matra to me.

[carlo sartori] 26/1/2020 21:17

Wrong site Steptoes!!

[carlo sartori] 22/1/2020 23:23

I think that the announcement yesterday re the contract with Boeing is VERY significant for Velocity and I am really looking forward to the Preliminary results for the year ended 31.10.19 which are due next Tuesday (28th January).

Good luck to ALL holders.

Carlo.

[yump] 09/1/2020 17:11

Would be nice to have a successful growing small UK co. that actually makes physical stuff, in my portfolio.

Although that sentiment has cost me in the past.

[arab3] 09/1/2020 15:40

Start of news hopefully

[sidam] 03/12/2019 10:38

Timbo
Many thanks. It is an interesting read especially the difference between base case and the additional upside not included in the base numbers. The key is speed of breakthrough in the US. If it works this could be very large indeed.