Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Did anyone attend this event? Last year the company issued their presentation on their website shortly after the Mello event. Has anyone seen this yet?
Yes I believe so. I have not read the research note myself however another poster confirmed this. You seem to have to pay a monthly fee to read the research notes, which is very frustrating!
Thanks, I guess that is from Dowgate?
I did contact Vel when they switched brokers as it is harder to access Dowgate's research notes.
Copied from another board...
Cash. Brokers are projecting £2m ye net cash and October 25 ye net cash £3.3m. So cash should not be a worry
I thought it looks OK. It was always going to be tight for cash in H1 but it looks like they have navigated through this which was the key thing they needed to achieve.
They should be in a much better position year end to tick the 'going concern' box without needing to raise any funds, unless another large contract lands - but then it would be from a position of strength and at a good price (I won't mention SCE...)
VEL are participating in the Mello event next week. The share price had done very well recently. Hopefully there will be some news on Monday or Tuesday prior to the Mello event and based on the recent share price it will be positive news. Then we will hear more at the event or the video recording of it afterwards. Fingers crossed.
I was hoping for news at the end of 2023 now nearly at the end of H1 2024......Whats happening?
Yep. Correction, had two months to get the form right, all amongst a barren desert of news flow.
Slight reduction, he's still holding with patience.
New RNS shows that he has actually reduced his holdings slightly... bit of a boo boo.
Anyway, good positive price action recently, let's hope it continues
I was curious as to the recent SP increase.............however Banks bought his shares in March, so unrelated.
Now that is a vote of confidence if I ever saw one!! 4.25M shares...
An ex-director of the company, left in 2017. Just bought a lot of shares, all openly from his sole trader address.
From no significant holding (
Velocity Composites will be at Mello2024 on Wednesday 22nd and Thursday 23rd May 2024, 9am-6pm at the Clayton Hotel & Conference Centre in Chiswick, London. The annual flagship in-person investor event will feature over 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more! If you are new to Mello, you can get a ticket for just £30! Use code NEW2MELLO24
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Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, is pleased to announce the appointment of Canaccord Genuity Limited as Nominated Adviser and Joint Corporate Broker, to work alongside Dowgate Capital, with immediate effect.
Both are mine
Any news would be welcome
Keep the faith people. 1H update (to 30th April) when it issues mid to end of May should be inline. My industry contacts tell me UK business could also soon renew a lot of its existing UK contracts, which taken with the fresh US ones, should give them a very high visible revenue stream into 2H, 2025 and more.
I am not bothered about new contracts at the moment: H1 was/is going to be tight for cash flow, given the purchases it does indicate that the Chairman thinks that they should manage it without need raise any more funds thus assuaging my main concern.
Not necessarily, plenty of shares around where directors have purchased and news has been released soon after. Check out Intercede (IGP) RNS's from November '23
OK so no news soon then if a director just been aloud to purchase a few shares
News flow is very thin here agreed, but why not wait until end of May, last years trading update was 24th May, so there should be one due around that time.
I must admit I'm loosing confidence in stock. The entire industry is booming, including competitors, as yet this share is somehow not moving as all.
There nothing concrete the management have presented to reassure the investors, no new contracts so far, no info about upside in production.
Its all smoke and speculation so far. I'm holing my share until the end of April, unless the management gets the grip of the situation and can show something more robust.
It might not be a total coincident that the share price is not following the industry trends. There no fire without smoke
Gavster, good point and you could read a lot into the issues with Boeing, Spirit and the 737 max.
My take on it is that it was Spirit who Velocity were in 'advanced discussion' with last summer regarding a new contract (all presentations pointed to a $100M opportunity with Spirit). Maybe these discussions have now been put on hold given the issues/audits ongoing with Spirit, Boeing and the 737... who knows. Also articles pointing to Boeing buying Spirit back may hamper any new contracts being placed.
It would be interesting to know what parts Velocity were manufacturing for the 737 max through Spirit, does anyone have any info on this?
If these drop below 30p and with the new ISA allowance around the corner, I think I will be averaging down significantly here. We could really do with a positive update from the company soon.