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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.
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.