Share Name Share Symbol Market Type Share ISIN Share Description
Velocys Plc LSE:VLS London Ordinary Share GB00B11SZ269 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 5.56 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
5.52 5.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 0.33 -9.91 -1.90 59
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.56 GBX

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Velocys Daily Update: Velocys Plc is listed in the Alternative Energy sector of the London Stock Exchange with ticker VLS. The last closing price for Velocys was 5.56p.
Velocys Plc has a 4 week average price of 5.50p and a 12 week average price of 5.50p.
The 1 year high share price is 16.80p while the 1 year low share price is currently 1.10p.
There are currently 1,063,756,057 shares in issue and the average daily traded volume is 1,740,814 shares. The market capitalisation of Velocys Plc is £59,144,836.77.
marketboy: Good to see VLS amongst the signatories:
brucie5: Owenski, fair points. But the only wage bill I'm here to pay is my own! In my experience the share price tells a story, though many times it changes its mind. I think it's more likely to go up than down, as its target market becomes aware of its offering and aviation becomes increasingly willing to pay top dollar to green itself in the court of public opinion.
cato the elder: Nice to know they are still thinking of us: "Finally, just a reminder that last week I published your August recommendation, Velocys (LSE:VLS). If by chance you’ve not seen the report, make sure you do. I set a wide buy-up-to price on the stock and on the Friday in trading ranged between 6.7p and 7.9p closing well under my buy-up-to price of 7.5p. That means there was ample opportunity throughout the Friday to find an entry to the stock under the buy-up-to price. This week it’s been up and over and back under the buy-up-to price, but continued to present multiple opportunities to enter the stock, which means we’re about on target with our buy-up-to price. I’ve used the open price of 6.78p for track record purposes, albeit I’m well aware everyone will have a different entry point within the buy-up-to range. And just one final thing, as to why I release the recommendations after the market close. I get a few emails (not loads, but a few) lambasting me for sending the recommendations after the market close. I do this because of the thousands of subscribers I have here at Frontier Tech Investor and I don’t expect that every single person will be refreshing their email at every minute of the day when we’re scheduled to release a new recommendation. If I were to send out a recommendation at 2pm, for example, then a bunch of subscribers might catch it right away, read it, and make their trades in the market. But there might be another batch that doesn’t get it until 4pm and then by the time they’ve had a chance to review it, the volatility has already kicked in. Perhaps you’re one of the people that gets to it hours after others have. The question is how would you feel if others had a chance to make a move on a recommendation hours before you did in the market? That’s why I release after market. I’ve decided that’s the fairest way to give everyone a chance to read the report in full, digest the information and then place a trade into the market at a price they’re comfortable with within our buy-up-to range. I know it’s not a perfect system, but it’s better and more fair than random releases of new recommendations during the market trading hours. Not everyone will agree with me on this process, but that’s the way it’s going to remain."
tidy 2: So VLS valuation are 26p with current share price 7.5p.
cato the elder: Velocys plc (LSE:VLS) is your latest Frontier Tech Investor recommendation. Velocys is a technology company that has developed processing technology that’s able to turn waste into sustainable fuels for heavy goods transportation and aviation industries. It is listed on the London Stock Exchange with offices in Oxford, and Ohio and Houston over in the US. The stock is currently trading at a price of around 6.12p with a market capitalisation of around £65 million. Velocys has been in the news of late and has seen wild volatility in its stock because of its involvement in developing new sustainable fuels for aviation. However, it was an announcement on 12 June by the UK government which really sent a rocket up the backside of this small-cap star. ? During the Covid-19 daily briefing on 12 June, Grant Shapps, secretary of state for transport, announced a new “Jet Zero Council”. The Jet Zero Council will try to figure out how to, … decarbonise the aviation sector while supporting its growth and strengthening the UK’s position as a world leader in the sector. The members will look at how to work across their sectors to achieve these goals, including through brand new aircraft and engine technologies. These could include using new synthetic and sustainable aviation fuels as a clean substitute for fossil jet fuel, and eventually the development of electric planes. It was in the 12 June briefing however that Shapps said, “Our goal – within a generation – will be to demonstrate flight across the Atlantic, without harm to the environment. “And today we’re backing a company called Velocys who are building a plant for aviation biofuels in Lincolnshire.” This sent the Velocys stock price into overdrive. It went from around 5p to a high of 16.64p in a matter of days. Thankfully for us, in the weeks since, the stock price has wound off a lot of that excitement and the stock has now achieved a level where we’re ready to bring it into the portfolio for the huge potential its technology holds long term. As mentioned earlier, the airline industry isn’t going to pack up and go home. It’s here to stay and is a fundamental part of the fabric of modern society. However, it needs to undertake significant change to be sustainable, viable and “green” long term. The measures that are being put into place by global governments like the UK are a key step in making that happen. But it’s also companies like Velocys that will deliver it. Velocys use a process known as the Fischer-Tropsch process in their reactors to turn synthesis gas into liquid transport fuels. It describes the whole process as, “an integrated end-to-end process that converts solid wastes, first to synthesis gas and then to liquid transport fuels.” This isn’t some overnight success. The company was founded in 2001 and its first pilot plant in Australia was launched in 2010. Furthermore, the plans for a proposed waste-to-jet fuel plant in North East Lincolnshire were only submitted in August 2019. The good news, however, is that on ... it was an announcement on 12 June by the UK government which really sent a rocket up the backside of this small-cap star. ISSUE NO. 52 AUGUST 2020 4 20 May approval was given and then on 12 June, in conjunction with the statement from Shapps, the company also announced the following formal notice: … formal notice of the decision to grant planning permission for the Altalto Immingham plant has now been issued by North East Lincolnshire Council (NELC). That means its full steam ahead to develop this pioneering plant. The plant itself isn’t solely on the shoulders of Velocys either. It’s a Joint Development Agreement project with British Airways and Shell. This small-cap £65 million company working on a pioneering waste-to-jet fuel plant in North East Lincolnshire with £94 billion giant Shell and the UK’s major airline (owned by £4 billion giant IAG) British Airways. It’s a huge project, which I believe will be the catalyst for bigger things to come long term for Velocys. What’s important here is that we see this as the first of potentially many plants that Velocys will develop. One of the important pieces of news from Velocys, which has gone largely under the radar, was its attendance in October 2019 at the AIREG Berlin SAF Conference. It was there to discuss the potential for sustainable jet fuel produced from solid and waste biomass residues. CEO Henrik Wareborn noted in the news release that, A key benefit of the Velocys SPK fuel produced is that it meets the ASTM D7566 specification, so it is a “drop-in”; fuel at up to 50% blend into Jet A1 that requires no adaptation by the end user. This ability to “drop in” is key to ensuring that these new synthetic fuels don’t require the complete overhaul of existing aircraft systems. In the earlier mentioned sustainable fuel report from Airlines for America, it identifies the number one “Core Enabler for Airline Deployment of Sustainable Aviation Fuel” as, Equally safe and effective as petroleum-based jet fuels, meeting criteria so it may be “dropped in” to existing aviation fuelling infrastructure and aircraft. This is addressed through jet fuel specification ASTM D7566 and application of ? Source: Velocys ISSUE NO. 52 AUGUST 2020 5 with pioneering technology and early-stage development of the commercial fuel plants, the financials aren’t of the most critical importance right now. Nonetheless, it’s still worth considering to ensure that the company can deliver on this ambitious projects and go from being a small cap to a major player in the UK market. Its most recent numbers are from its 2019 annual report released just this week. And it doesn’t make for the most enticing reading. Revenues of £300,000, operating loss of £9.6 million, cash at end of period (31 December) of £4.8 million. As I say, it’s not a fundamental financial story here. It’s a company that’s going from research and development to tangible projects and development (with global players like Shell and BA). This transition phase isn’t going to necessarily deliver financial riches, but the anticipation is it will, which is why I’m bringing in the stock now. Both BA and Shell are contributing towards the Lincolnshire plant (£2.8 million in 2019 and another £1 million May 2020) and it’s received funding from the Department of Transport via the way of a grant for £500,000. So we’re not anticipating there will be issues in getting this built and operational. At the end of June the company was able to raise £20 million (upped from £10 million due to demand) so is quite heavily funded for what we would anticipate to be around two years considering the £9.8 million operating loss from 2019. From a financial perspective, I’m happy with the current position of the company. However, you should be aware that due to the transition from R&D to a commercially viable company, there still may be a situation where the company looks to the market again for another capital raise. We wouldn’t expect one soon considering one just completed. But it’s possible and as shareholders it has the potential to dilute your holdings should it again issue more stock for a raise. While our view is long term, it’s quite obvious that due to the coverage in June of the stock, it’s now somewhat of a more known stock around the market. This brings volume, which is great to get a position, but also brings the wider market volatility. We would expect that volatility will continue here. Ongoing news flow is important to keep the stock moving along – absence of developments or positive news may see a number of newer procedures to assure fuel quality is maintained. With Velocys able to meet this criteria, it opens the entire global aviation industry for its technology process and sustainable fuels. That’s what gives this small-cap UK pioneer such big long-term potential. It’s at the precipice of disrupting the entire global aviation fuel industry and it’s only just started its run. Financials and risks Now it’s important to recognise this is all pioneering technology and things are only just getting started now. The Lincolnshire plant has only just received approval and will still need to be built and tested before going into actual production. That’s why when commenting about the announcement from the government on 12 June, Wareborn made note the company and the plant, “…could be producing sustainable aviation fuel in commercial scale by the middle of this decade.” We see this as a long-term play but the gear in motion now could lift the company, and the stock price, in further anticipation of what’s coming in the next few years. And should it announce further development of other plants, for example in the US, it could see the stock price lift off (so to speak) again. With this being a long-term play, ? It’s at the precipice of disrupting the entire global aviation fuel industry and it’s only just started its run. ISSUE NO. 52 AUGUST 2020 6 shareholders looking to exit that aren’t taking a long view on this one as we are. Expect volatility and market risk while being in the stock. Still, considering the position of the company, its technology and the current push from industry and from government for a “Green Recovery”, Velocys is primed to ride this opportunity and I think deliver tremendous upside to shareholders. Buying instructions As noted, Velocys plc (LSE:VLS) is listed on the London Stock Exchange. The stock is currently trading at a price of around 6.12p with a market capitalisation of around £65 million. Average volume in the stock is around 16 million – which equates to roughly £1 million traded per day. I wouldn’t say it’s illiquid, but again our recommendation may shift the price of the stock a little higher after recommendation. As a reminder, we recommend sticking within our buy-up-to limits and not over bidding for the stock. Should it trade over the buy-up-to I’d suggest again being patient for an opportunity to enter the stock once the dust settles. I also recommend using a trailing stop-loss order to limit downside risk and to help lock away profits should we get to that point. Buy Velocys plc (LSE:VLS) the stock is currently trading at 6.12p with a market cap of £65 million. Buy up to 7.5p and set a trailing stop-loss order at 50% below entry price. Regards, Sam Volkering Editor, Frontier Tech Investor.
deutsch4: VLS have been waiting for the UK air industry(ie BA) to make a move for years. hence VLS moved to the USofA mainly for a jolly on expenses. After many the Red Indians would say.....VLS is back in the UK...what's the difference. Look no further than the share price over 10 years. I am sure GAC can give you a more reasoned summary but it will come to the same - One BA aeroplane flying to the Canary Islands and back over a summer season, using VLS produced jet fuel would be all the marketing this product needs, would then sell itself! - But we have never ever had anyone in the company who knew anything about Marketing. - They are all frustrated energy professional who never got the top job in any of the Major's....Vanity rules... ask GAC. by the way forget BP.
jaknife: donketykong, You could do no better than read this recent RNS: Https:// When you read it there are some key questions to ask: 1. What is the nature of the "funding" received from BA and Shell? Is it debt? How will VLS pay it back? 2. The Altalto Immingham plant is VLS's principal project. It has granted BA an option to buy one-third of the project for a mere £1 and has also granted Shell an option to buy one-third of the project for a mere £1. What price does that value VLS's remaining one-third? 3. And this is the key question: *IF*/*WHEN* BA and Shell exercise their options to each acquire one-third of VLS's main project that that will leave VLS with a minority investment of 33.33% in the Altalto Immingham plant. Doesn't that mean that VLS will be a cash shell at that point in time for the purpose of AIM Rules? (Read the ESL RNS dated 7 May 2020 if you need further information). JakNife
erogenous jones: Well, planning consent has not been given yet, the company will still run out of money accoring to the accounts and, even if the company is successful with planning consent, fund raising will not be the easy exercise that you foresee. The issue that the company has is that it has raised money several times before and always at a deep discount to the share price immediately before the announcement. The share price is constrained as institutional supporters are fully aware that pressure is on the company to generate meaningful revenue and not the trifling amounts as noted in the accounts. Be honest with yourself, the turnover is little more than petty cash and rather less than a corner shop in a tiny village somewhere in the Welsh countryside. But, suppose for a moment, that consent is given - the company will want to take advantage of that BUT because commissioning plant takes at least 18 months it will run out of money far quicker than the cash burn because the expenditure will rise the moment that ground is broken. Any rise in the share price will be short lived and, far from rising, it might well fall. Market Makers are perverse like that.
erogenous jones: Turn happenned yet, Kirk 6? No, seriously, I note that some research has been made by a relative newcomer to the financial pundits - it can be read behind a paywall - and the shares are now plumbing a new low. Look, one of the "rules" for investors is that sometimes an investment goes sour. Get over it and preserve capital. My crystalised loss (£36k) in VLS pales into insignificance with the claimed exposure you have to this company and the paper loss in place. At the moment, VLS is NOT a viable business. It will not be a viable business until revenues exceed expenses. Currently it is a leech. Shell for example could buy this company every day for many years and it would not make the least impact on either the revenues of Shell or the revenues that VLS are generating. You are clutching at straws. I repeat my comment that companies that suffer a 90% drop in their share price rarely survive. The liklihood of VLS surviving beyond another fund raising is about nil. Abramovitch needs losses from time to time to reduce his tax liability. It would be better that the company folds than it would be for the share price to double from its present position. You can continue to "average down" if you wish, I don't actually care a hoot whether you lose the lot, break even or make a fortune, but IF the company is viable, it will be snapped up from under your nose and your holding, significant it might be for you, will have no influence whatsoever.
owenski: BP advertising on TV about converting waste food into jet fuel Obviously, VLS isn't the only game in town, BP must have or be funding their own GTL process. VLS share price deffo looking like there's a problem.
Velocys share price data is direct from the London Stock Exchange
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