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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
Good RNS.
Five year contract extension with a yearly value of £1.3M.
My mistake
Contrary to my title I don't know everything .. a view replicated by my wife!
Has anybody got any views concerning the occurrence above? Anything corporately that we might expect in the coming days?
derampers so scared at syme ,of a big move up here .when they so scared they release
fake article ,which poster quickly emailed to find Fake article
After seeing 10 ,000,000 share buy Today
also 5,000,000 share buy ,and many large share buys Today .
warnings should be posted across many share boards to warn holders of other shares .
if they try and release fake news at other shares
Vel deal in commercial aviation so I doubt defence spending is anything to do with rise here.
This is an excerpt from the interims:
"Approval from Boeing in January 2020 to supply structural composite material kits for its single aisle aircraft platform. Whilst production on 737 Max is currently frozen, this remains a strategically important step for the Company when it returns to service"
and now:
https://www.bbc.co.uk/news/business-54981658
I guess based on the announcement of increased defence spending?
now up 50% ,also watching syme buyers starting to load up there as well , like the strength of buying here at vel 50% blue
how strong will this afternoon be here at vel now that moved up 50% already Today
LOOKING STRONG .good for long term holders to see this move up again Today
Boeing restarting is great news for this share
2 big buys for over 30k pounds worth of shares each. News?