Veltyco Share Discussion Threads

[middlesboroughfc] 12/6/2018 14:13

Thats why the penny is sinking

[middlesboroughfc] 12/6/2018 14:11

Did you see the words

qualified accounts

 

  Auditor's term for audited accounts that show certain information about which he or she has certain doubts or disagreement with the audited firm's management. See also auditor's qualified opinion.

[semhole67] 12/6/2018 14:09

dont say cash inst growing when it actually is the database and loan was a strategic move for btty

[semhole67] 12/6/2018 14:07

As a result of the above, the Group’s current cash position has improved since the year end to €1.6 million
as at 28 May 2018 (31 December 2017: €0.7 million) and at the same date, its borrowings have decreased
from €1.4 million at the year end to just €27 thousand.
The Directors believe they have taken sufficient measures and made appropriate arrangements with its
trading providers to obtain additional comfort on the collectability of these receivables, and therefore
believe this balance will be recovered in full. Furthermore, the Directors continue to work on diversifying
the Group's banking relationships in order to continue to receive commission payments in a normal way
within the online financial trading vertical.

[middlesboroughfc] 12/6/2018 13:57

Why the audit delays? Anyone got any insight. Will auditor now resign? usual par for course

[middlesboroughfc] 12/6/2018 13:55

The cash isnt growing £4m disappeared with debt swapped for a database of names
Ive got a yellow pages here, give me £4m quid please. Job done

[semhole67] 12/6/2018 13:40

Why aren't you looking at final results they have problems but you see that the cash is growing fast with the expectations of the board that it grows faster upcoming months/year you are just shouting things because everyone else is dont do that looks stupid they have a problem but they are busy and you already see the results of 3 months of work.

[middlesboroughfc] 12/6/2018 13:31

Globo was a scam. But the way thisis shaping up with ceo going, delayed accounts problems collecting cash.....im just saying

[middlesboroughfc] 12/6/2018 13:23

Problems collecting cash. Avoid

[junior21] 12/6/2018 13:23

pre, as someone who got caught out with GBO I would recommend you don't solely take directors at their word

[semhole67] 12/6/2018 12:31

The database is probably for btty if they buy that brand then they are not depended on altair entertainment and they can create cash and then there are less trade receivables with the database helping to create a fast and healty growth for btty And what about the cash growth? An increase of 128% in 3 months come on dont be so negative

[hatfullofsky] 12/6/2018 12:23

Semhole, $2.5M of the reduction was a write off against a loan from Winslet / Uwe another $4M was written off in exchange for the "client database" in the acquisition of Marsovia. That's some financial engineering.

[pre] 12/6/2018 12:18

Alot of scaremongering going on here to get in cheaply and volume is light...concur with semihole67....here's an extract from the final results:

Gilles Ohana, Chairman, commented: "We are delighted with the progress achieved at Veltyco throughout 2017, which has delivered a very strong trading performance and enabled us to propose a maiden dividend.

We have enjoyed a positive start to 2018 with revenues in the first quarter showing significant growth when compared to the corresponding period in 2017. Looking ahead, we see continued growth in 2018, both from our marketing activities, including the potential to expand our current sportsbook marketing activities into new territories, and our own brands, in particular Bet90, which is expected to be a key driver of this growth."

[matt123d] 12/6/2018 12:02

Crucial 65p level

[semhole67] 12/6/2018 11:58

you are way to negative about the company it has raised its cash position in 3 to 4 months to 700,000 to 1600000 and reduced its receivables from 14 million to 5 million and they expect an increase of this process for the coming months so its your own fault if you miss this opportunity also 60% revenue growth if they keep This pace then the P/e is way to low for a price of 70

[windsor90] 12/6/2018 11:43

Albanyvillas , you have no idea what you're talking about !!

[albanyvillas] 12/6/2018 10:19

MMs dont want to have them, seems to be in free fall

still worth £50m of puffery

[basem1] 12/6/2018 10:00

The old saying. If something's too good to be true then it normally is.