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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Velocys Plc | VLS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.2725 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.2725 | 0.2725 |
| Industry Sector |
|---|
| ALTERNATIVE ENERGY |
| Top Posts |
|---|
Posted at 17/1/2024 08:21 by owenski Goodbye, you wont be missed, you've free loaded off of investors for long enough. |
Posted at 17/1/2024 08:04 by jotoha2 A good result would be for new investors to come in and develop the technology for UK Plc . |
Posted at 15/11/2023 08:42 by babbler As detailed in its recent Interim Results, Velocys still anticipates that funding will be required before the end of this calendar year and therefore the Board is prudently exploring near term funding options as discussions with the strategic investors continue. Further updates will be provided in due course. |
Posted at 02/11/2023 17:20 by zen12 Some investors just have procedures / rules on investment, it could be cos this dropped below 1p triggering sell out |
Posted at 02/11/2023 16:11 by the imperialist "strategic investors who have been undertaking due diligence for some months with a view to obtaining long term funding for the Company."Mmmmmmm let me try and guess what the post shake-out news might be which delivers the bags... |
Posted at 02/11/2023 08:40 by owenski Ruffer should have sold out a long time ago and not waited until the shares were worthless, this highlights the reason I suspect a lot of the more sensible experienced investors manage their own ISA's etc is so that they don't sit on losing positions or buy glaring rubbish in the first place. Appalling client funds management, but it doesn't matter when it's other people's money does it.By sensible investors, I obviously don't include idiots like the imperialist or others who gambled on this junk in the first place. Just my opinion. |
Posted at 21/6/2023 14:24 by owenski My first ever post here from 5 years ago, and nothing has changed except the amount of money spent and the bloated share base. -"owenski - 18 Jun 2018 - 15:58:08 - 1860 of 6019 - I fail to see this as a business, it owns an idea which it rents out for peanuts, the rest is project management which they secure funding for to develop the ideas. The other partners will end up controlling this at some point and investors are unlikely to see returns. Todays announcement is essentially to bankroll a feasibility study which sounds like it's at such an early stage it will take years to develop into a functioning asset. They don't really make money, they consume it and will do so for years, they're only on the AIM market so they can keep tapping into ongoing funding. Bargepole stock imo." |
Posted at 19/5/2023 09:24 by owenski My first ever post on this rubbish from 5 years ago, and my opinion remains exactly the same.. Is that long term enough lol -"owenski - 18 Jun 2018 - 15:58:08 - 1860 of 6019 - I fail to see this as a business, it owns an idea which it rents out for peanuts, the rest is project management which they secure funding for to develop the ideas. The other partners will end up controlling this at some point and investors are unlikely to see returns. Todays announcement is essentially to bankroll a feasibility study which sounds like it's at such an early stage it will take years to develop into a functioning asset. They don't really make money, they consume it and will do so for years, they're only on the AIM market so they can keep tapping into ongoing funding. Bargepole stock imo." |
Posted at 18/5/2023 22:50 by foreverfalling Alliance News) - Velocys PLC on Thursday voiced concerns over its ability to continue as a going concern after it launched a fundraise and reported widened annual loss.The sustainable fuels technology company aims to raise at least GBP32 million by a placing, retail offer, open offer, a conditional issuance of convertible loan notes to Carbon Direct Capital and potential further issuances of convertible loan notes and/or new ordinary shares to investors other than Carbon Direct Capital.An accelerated bookbuild process for the placing is expected to raise a minimum of GBP6 million with the retail offer and open offer up to GBP500,000 and GBP2.0 million, respectively.But Velocys said at present it does not have firm commitments from any additional investors to subscribe for the convertible loan notes and has set a deadline of September 30 for completing this part of the fundraise.The funds will be used to provide working capital and to enable continued work on the reference projects to the point of reaching key decisions.If the convertible loan notes are issued, the company will move forward with its plans to scale up the organisation.But in the event that the convertible loan notes are not issued, further funding will be required, in addition to the GBP8 million announced today, to be able to continue as a going concern for at least twelve months."These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company and Velocys PLC's ability to continue as a going concern," it said.In the year to December 31, Velocys reported revenue of just GBP200,000, down from GBP8.3 million and said it expects annual revenue to remain uneven in the short-term due to the growing but concentrated number of projects in development whilst the market becomes more established.Its pretax loss widened to GBP14.0 million from GBP9.5million the year prior.Shares in Velocys closed 0.6% lower to 3.40 pence each in London on Thursday.By Jeremy Cutler, Alliance News reporter |
Posted at 15/12/2022 20:35 by firestorm911 GL Zico.Regards, F911 |
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