Velocity Composites Share Discussion Threads

[stegrego] 08/9/2009 18:43

Well its a few days till results yet, so wait and see...

[rafieh] 08/9/2009 18:38

Not a single share traded today! People seem to have already taken positions and know where they want to be on the results day (in or out)

[stegrego] 04/9/2009 19:28

Or could be the reason they state in the RNS.......

As a result of international travel commitments , Velti plc will publish results for the six months ended 30 June 2009 on Monday, 14 September 2009, and not on 9 September 2009 as previously announced.

[darcon] 04/9/2009 16:26

Or just because they need more time and the weekend to prepare for it

[troc1958] 04/9/2009 12:38

Results now being announced on 14 September and not 9 September as previously indicated, with a presentation to analysts at 9.30am. Hopefully the news will be good. Maybe delaying the announcement because a large deal is being negotiated?

[ptolemy] 27/8/2009 14:48

Shouldn't the figures in posts 43-44 be in euro rather than sterling? Doesn't make a difference to the ratio's but potentially misleading (if I'm correct).

[rafieh] 13/8/2009 18:02

Should see 220p around the results date.

[nurdin] 13/8/2009 15:24

Some buying interest today..chart turning up nicely :o)

[nurdin] 10/8/2009 13:41

UK Mobile advertising worth £170m by 2013:

[nurdin] 04/8/2009 15:21

Nice 10k buy there...cant wait for the results :o0

[nurdin] 29/7/2009 12:24

Not surprised they didnt give a trading update at the AGM having done so not a month ago.

Did anyone see that 50k buy at full ask?

[nurdin] 28/7/2009 12:54

Velti plc, the global technology leader in the provision of mobile marketing and advertising solutions for advertising agencies, brands, mobile operators and media, will announce results for the six months ended 30 June 2009 on Wednesday, 9 September 2009.

Alex Moukas (Chief Executive Officer) and Pantelis Papageorgiou (Finance Director) will make a presentation to analysts, at the offices of Bankside Consultants (1 Frederick's Place, London EC2R 8AE), at 9.30am on that day.

[nurdin] 28/7/2009 08:52

AGM tomorrow...should give the share price a good boost if they confirm the continuing strong growth as per their last trading statement.

[nurdin] 14/7/2009 08:54

Next AGM on 29 July...just 2 weeks away.Expect a bullish statement there..:O)

[nurdin] 13/7/2009 11:11

thats more like it...starting to breakout now...

[nurdin] 13/7/2009 09:43

If the share price goes past the previous high of 171p...we could see 200p pretty sharpishly imo

[darcon] 13/7/2009 07:54

I was thinking of EV/Sales rather than Mcap/Sales. The latter half of my post was to calculate what the Mcap would be in a year's time if EV/Sales remained at 1.5. Granted, I am not very good with maths so may have missed out some of their obligations in my original EV calculation.

As regards EV/EBITDA agree that it is a useful alternative metric to EV/Sales. One thought though - I suppose their EV/EBITDA multiple may be lower as a result of capitalisation of capital investments boosting their EBITDA and if the sector comparables are not making the same level of capital investment then that could explain some of the variation in the multiples.

Also there aren't many listed / traded stocks for digital mobile marketing companies out there. So when you refer to sector average are you comparing like with like?

Anyway, this sector is red hot at the moment and many of the big media companies are only just beginning to understand what is possible with Mobile Marketing so I think there are many years of growth ahead.

[nurdin] 13/7/2009 07:13

I think EV/EBITDA is a better metric than mcap/sales,if you feel uncomfortable with PEs and other measurands.

Veltis EV is now about £72m....including the £10m of additional debt.EBITDA is forecast at £19.1m for 09 rising to 23.1m in 2010

EV/EBITDA is therefore 3.9x for the current year dropping to 3.1x next year.

Compare that to sector average of 8.25x

[darcon] 13/7/2009 04:21

Some rough calculations using Enterprise Value / Sales multiple and the figures quoted by Midas:

= MCap + net debt / Sales

= £56.234m + (12.368m - 10.287m) / Sales

= 58.315 / 39

EV/Sales = 1.5


If profits rise by 50% and net debt increases by a further £10m then we get following MCap applying EV/Sales formula with all other values being equal:

1.5 = MCap + (22.368 - 10.287)/ 61

1.5 = MCap + 12.081 / 61

MCap = (1.5 * 61) - 12.081

MCap = 79.419m on a 1.5 EV/Sales multiple

= 40% upside to current MCap (which doesn't necessarily translate into a 40% upside to the shares because of the additional dilution caused by the loan, but it may be higher if the EV/Sales multiple ought to be higher for this industry - anyone have any ideas for comparables?).

[nurdin] 12/7/2009 09:58

Watching it isnt going to get you anywhere...reckon these are on the verge of being rerated after the Midas tip.

Forward PE is still under 5! Reckon the multiple could fall even lower if their Indian and the Chinese operations get wind in their sails...

Broker has a target of 300p.

[saturn5] 12/7/2009 09:47

I shall put this on my watch list with IMG.
VEL has a nice website

[nurdin] 12/7/2009 07:39

Tipped by Midas in todays MoS.''...this company should grow exponentially over next five years...''

I agree.