Veltyco Share Discussion Threads

[pre] 20/10/2017 15:58

Agree cottoner..some shake there to get stock off weak holders....nice 25K buy just gone through...

[cottoner] 20/10/2017 15:11

Perhaps the slippage in the share price may entice VLTY to release a TU sooner than anticipated.

If the Interim Results statement is to be upheld then any TU should be positive.

'Current trading continues to be strong which should enable the Group to report performance ahead of current market expectations'

[bahiflyer] 20/10/2017 14:33

Definitely a seller out there but it isnt that easy to buy, not with Jarvis anyway.
Most of the dips have been mopped up at decent prices, must have a better broker.

[xajorkith] 20/10/2017 13:04

Couldn't resist topping up. Had to be relayed via a broker, so not easy to buy despite the drop.

Hopefully just MM fun & games as others have suggested.

[pre] 20/10/2017 12:27

crazy drop...mm's at it again...

[shanklin] 20/10/2017 11:59

Online with HL, one can buy 15k @ 81.7p and sell at least 40k @ 78.8p. Wonder if there's a buyer about? The MMs must love this share.

[tilly99] 12/10/2017 14:52

Totally agree cottoner

[cottoner] 11/10/2017 20:43

2 small-cap growth stocks that could make you fabulously rich
Wednesday, 11th October, 2017

I’ve always been wary of the familiar tale of popular growth stocks in their early days. You know, when everyone jumps aboard and pushes up the shares, and then overpriced ones collapse later when cold financial reality sets in.

It looks like the first part of that has already happened to Veltyco Group (LSE: VLTY), whose shares have quadrupled in the past 12 months — but are they expensive now?

Veltyco, which is in the business of marketing for the online gaming, lottery and binary option businesses, only came to market in June 2016.

At the time, it was already profitable — but only just, with a mere £60,000 pre-tax profit reported by December 2016. So it’s understandable if investors were wary at that early stage.

Cracking results
But first-half results were seriously impressive, after revenues tripled to €6.4m and beat the entire previous year, and EBITDA five-bagged to €3.8m (which was 80% up on the whole of 2016).

At this stage I think we’re looking at a potential cash cow, with the company reporting interim net cash of €1.3m and telling us it’s considering paying a maiden dividend in 2018, depending on how 2017 full-year results turn out.

And that share price… it picked up 10% in morning trading Wednesday after Veltyco revealed a new partnership with video game competition site Esports.com, and said it has taken a small stake in the company too.

With the shares at 94p, as I write, what about valuation?

Even after such a meteoric rise, full-year forecasts are so strong we’re still only looking at a forward P/E of around 12, dropping to 11.6 on 2018 expectations.

I can only see further growth here.

[xajorkith] 11/10/2017 12:50

Bought here recently around 90, post interims, on the basis of the explosive revenue growth / eps upgrades & their exposure to the burgeoning crypto-currency market.

Good to see them diversifying into further high growth markets though.

[tilly99] 11/10/2017 11:40

A free bet here as the underlying business has great growth Tgt 120p and that's WITHOUT today's news!!

[nimbo1] 11/10/2017 11:09

had to pay full ask at 94p for second tranche.

[nimbo1] 11/10/2017 11:09

just picked up a holding here. interesting space.

[interceptor2] 11/10/2017 10:18

Link above is to the ICO that dacian refers to and gives more information about the company.

[mad foetus] 11/10/2017 09:47

They could really do with reducing the spread here though. Very off putting.

[interceptor2] 11/10/2017 09:28

Above link gives some history and potential to how E Sports has developed.

Have been googling to find information this morning, viewing figures for E Sport has increased from 71.5m in 2013 to an estimated 385m in 2017. Revenue increased from £325m in 2015 to $493m in 2016, I am not sure but I think this figure is just for direct revenue figures and wouldn't include the gambling side which is unknown and I would expect to be where the large money will be generated.

Gfinity (GFIN) are a UK listed company in this sector where they have made many exciting deals, they are on my watchlist but first I want to see some meaningful revenue and at least a reduction in losses.

The benefit of VLTY is that we already have a profitable undervalued business on a single digit PER, and they have a healthy net cash position which they can use to gain exposure in new fast moving sectors like E Sports.

[bamboo2] 11/10/2017 08:28

Price has been in the doldrums since the great interims. I had two potential turns, both marked on the chart for 10/11 Oct, so very pleased to see this upward movement.

KWS which some of you hold, co-incidentally also has a turn marked for today. gla

[mad foetus] 11/10/2017 08:08

I believe esports is about the fastest growing sports sector in the world at the moment and a huge spectator sport. If we can corner the esports betting market it could be a real driver of long term growth. I don't imagine this is costing us much but the value could be huge: the word visionary comes to mind.

[interceptor2] 11/10/2017 08:03

"Esports’ wholly owned subsidiary Esports.com Ltd (“Esports.com”) is a company incorporated by gamers who see the huge potential of the esport industry in relation to gaming, a view shared by the Board of Veltyco."

Segment from todays announcement which I agree with, I have been actively looking to have exposure in the E Sport sector and as it happens the exposure has come my way via my VLTY holdings.

E Sport is a new fast growing sector worldwide and is particularly large in China.

[cfro] 11/10/2017 07:44

This is interesting news this morning.

Looks like management can see the potential of a brand new industry and where Esports will need plenty of advertising as most people have not heard and will not be aware of.

[tilly99] 03/10/2017 15:51

Every dip met by buying

[cfro] 01/10/2017 17:26

I am guessing you could be right dacian when you say that crypto trading could be pulling revenues VLTY's way.

I believe that crypto trading is going berserk there last few weeks and months so wouldnt be surprised if VLTY is benefiting from this.

[nurdin] 01/10/2017 11:23

The stock is trading at just 12x the revised forecasts for this year which is just too low for a company which has been showing phenomenal earnings growth since 2014.My feeling is that the brokers estimates are atleast some 20% below what the Company is capable of achieving this year.Guess the brokers are discounting the risks which are not insignificant.