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Well this is great !!
Glad to be holding. We may even get dividends with this fantastic deal too.
I'd have said that it should have been above £1 today but those Price Monitoring Extensions don't help. I'm sure it'll go beyond a pound alright but not this week. (and I hope I'm wrong).
Presumably this news should take the sp beyond £1 this week.
This share has been so limp for the past two years that, like so many here today most would have given up on it. Even though today the trading has gone crazy, this is not the most frantic trading I have seen upon the announcement of news. My feeling is that this news will take a good few more days to spread to its furthest boundaries and the SP will lift off even further but probably not 'til January now.
Cenkos -
' Our forecasts, and valuation:
We are raising our forecasts for FY22E in line with the
trading update. For FY23E we are now including a significant contribution from the
US contract, and we raise our revenue forecast from £14.7m to £20.1m, with a skew
towards H2 due to the phasing of the rollout in the USA. We are raising EBITDA for
FY23E from £0.0m to £0.1m, also with H2 bias. We introduce new forecasts for
FY24E, which reflect a full year’s contribution from the new US facility. On p2 which
present our valuation approach for Velocity Composites, which gives a fair value
range of 55p to 101p.
We maintain a BUY rating. '
Although rather dwarfed by the contract news, the trading update shows that the company have done a good job in maintaining a tight control on costs during what has been a really difficult time for the company.
It is going to be interesting to see where the price settles over the next few weeks.
10 million market cap, 100 million contract!!!
Great news. More composite parts for the F35!
This deal has been moving forward in the background for a while and explains the steep rebound in the share price during October/November from those clearly 'in the know'.
Given how little volume is required to move the share price there could be a good increase on this news.
Possible news to land on Tuesday. Good time to top up.
Another £40k delayed trade today @ 11:54
£37k trade was about 20% over ask so someone was very keen to buy!
Somone certainly wanted some! a £37K delayed trade reported from yesterday @36p.
I top sliced a few that I had added after the Director (+trading) update in October. I am keeping the rest for now as airplane manufacture is looking OK and I think that there is a lot of potential for additional alternative applications going forward.
I took some profits today at over 30p as that was my target reached.
No doubt this will be the sign for the SP to continue a relentless rise to the 50's.
Well, it's suddenly taken an unexpected turn for the better. Looks like we'll be into the thirties before the end of the week, if this steady momentum continues.
It looks to be a December update (below).
I think the -
"The business is in a strong position. Velocity has continued to trade as expected in 2022. We are progressing well with expansion opportunities. The Company plans to announce a trading update in relation to the year ended 31 October 2022 in December 2022."
-at the bottom of the Director Change rns was the key to the turn around.
So looks like this is the annual rise into the November Trading update.
The question for me is can the pandemic recovery take Velocity back to 2019 figures ?
Then a Plus 30p Share price to match.
Yep, I'm still here. Nice to see it starting to move back into the 20's
Yep.. Hi Jack. Holding. Patiently waiting for the mid to high 20s to return.
Actually, I've got sod all to say but as it's coming up to the first anniversary of the last post and for some inexplicable reason, a few thousand quids-worth of sales turned up out the blue yesterday, I thought I'd post something on this lonely chat forum for the sheer hell of it. Come on Share Price - shock us by going up a bit more!
'The Group made two new strategic investments during the period; Autins Group Plc and Velocity Composites Plc. The Directors believe that the Strategic Investments continue to be the most likely drivers of growth in shareholder value over the remainder of the current year and so have concentrated the remainder of this CEO Statement on their operations and prospects.'
'In September 2021, Braveheart acquired 4.13% of Velocity Composites plc ("Velocity") (AIM: VEL) at a cost of £373,000. Velocity is a leading supplier of advanced composite material kits to the Aerospace sector Velocity Composites' clients include multi-national manufacturers of composite parts and assemblies, who in turn deliver to the world's leading civil and military aircraft manufacturers. The Airbus A320, A330, A350, A380, Eurofighter Typhoon, F35 Joint Strike Fighter, Boeing 737, Boeing 787 and V22 Osprey are all constructed using parts manufactured from Velocity's kits.'
Aircraft production gaining momentum -
'In an interview Sunday with Bloomberg News, Faury reaffirmed the company’s plan to boost A320 output from 40 per month today to 64 a month in 2023, and said Airbus remains interested in potentially reaching 75 per month around mid-decade'
Nice to see Braveheart building a position here - it explains the recent rise.
Things look like they are starting to pick up for the airplane manufactures which should bode well for Vel and possibly explains the interest from Braveheart.
'Air France-KLM is deep in negotiations with Airbus SE, Boeing Co. and engine-makers vying for a massive jet order and could split the narrow-body purchase between suppliers, Chief Executive Officer Ben Smith said.
The deal will include at least 80 firm orders and 60 to 80 options, with a decision coming soon, Smith said at an event Wednesday in Paris'
So, results on 30th June. They should be better than the previous ones. A few contract wins should contribute to that. Onwards & upwards.