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'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.
Looks like...there we go...
Vel should take off shortly as well. Its market cap vs contracts value and future potential says it all.
There is a bit more on this in the Times today-
'Airbus has told its suppliers to prepare for record levels of production of its A320 family of single-aisle passenger jets within two years as it gears up for a recovery in short-haul flying.
Production of its A350 long-haul aircraft, which are powered by Rolls-Royce engines built in Derby, is also increasing, though at a slower rate.'
'Shares of companies involved in that supply chain took off, albeit from very depressed levels'
Hopefully this will trickle down to vel over the coming weeks.
'Airbus heralded a recovery in the aviation industry by lifting its production targets.'
The aerospace company said that it was embarking on a rapid acceleration in the production of its A320 single-aisle passenger.
I think that vel had contracts renewed for work for the A320 last year.
22p bid 23p ask and according to mm's sp is 21p. Master of manipulation.
There we go
Looks good on first read. Looks like they will ride the CV-19 storm and their foot will be back on the accelerator once through.
I can't say I'm overjoyed with the move towards defence but they have to follow the money tree in these times.
Very good RNS. Bodes very well for the future. I also like what you should look at before investing in a company in today's times: "Cash at bank was £3.5m as at 30 April 2021 (30 April 2020: £2.8m) and the business remains in a net cash positive position, after deducting debt drawing."
Welcome on board
OK, I'm in.
I really like the look of this company. The new R&D, the contracts, surviving into a post pandemic UK will be nothing but good for the company as well as the SP.
IMO the "return to normality' factor will compensate for any possible 'drift' between recovery news.
Cheers and GL.
It also has the 1.3m contract from Feb and a 3.7M from the March contract
I am in now, I think this has lots of long term potential especially once they get going in the US.
Time for small top up after yesterday's drop on "profit-takers". £8m market cap vs £4.5m annual revenue from just one contract gives clear clue about future sp.
4.1m contract annually to be precise.
Yes. 4.1m contract for 8-9m mcap is not bad at all.
With its market cap of just £9m vs. potential for sure.
It's been on my radar since May 2020 and I patiently waited for the best moment to buy in. Onwards & upwards.
You timed that well Herman. This had moved to the top of my small cap buy list but I was just waiting to free some cash elsewhere.
That looks quite a special RNS there. Gla :)
New contract. So, it's starting, as expected . Very nice.
That's the most interesting part ( for us):
Flying aeroplanes, or even building them, isn’t the only way to make money from air travel. Even those airlines that decide to upgrade their fleet still need to make sure that their aeroplanes are regularly maintained to a very high standard. Indeed, Aviva’s Giles Parkinson notes that since cutting corners in this area can lead to disaster, airlines are willing to pay large sums of money to ensure that any problems are spotted immediately and that spare parts have a high degree of reliability. As a result, the handful of companies permitted by regulators to carry out checks can make a lot of money from their captive customer base.
Another niche area likely to receive more attention from all part of the industry in the future is hygiene. In the past, price-conscious consumers were willing to accept that they would be exposed to other people’s germs, with catching the occasional cold or flu considered as much a fact of travel as jet lag.
However, Covid-19 has changed all that, with airlines forced radically to increase their level of cleanliness, says Frank Holmes. The last time he flew on a plane he was pleasantly surprised by the fact that it was “cleaner than any supermarket”. Already the big manufacturers, such as Boeing and Airbus, are working on systems to improve the quality of recycled air. I look at the best ways to invest in the airline industry’s future in the box below.
After some time out of VEL I'm back in. With its £7m market cap the company is very well positioned to "after-covid" economy. Worth reading:
https://reader.moneyweek.com/2021/04/21/cover-story-211/pugpig_index.html