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Putting it politely, they seemed to be very 'astute' with their timing so I assume it came before the placing.....
They sold out during the Summer -
''A total of 460,614 shares in Velocity Composites plc were sold during the period. No shares were held in Velocity Composites plc at the end of the period.''
Well no trades. Nobody was impressed with the presentation.. Why ? Where is it ? It should be on line, unless it's the same one from a few weeks ago.
I still have hope for news this year. Last years' major contract RNS was very late into the year.
Did anyone attend the shares mag presentation yesterday? If so, would welcome any feedback or info
Its not looking good for any news this year....Approx 1 week left before everything starts to close down for Christmas
What is happening its over a year since the current contract was announced. lets have news on the next client BOD come on
Not before time and a chance to quiz with questions after presentation with important company and share-holder updates next week.
https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-live-event-121223
Google show the trade today as 270k share over £100k?
This would be a lovely Christmas present....Having new Tier 1 client
Junes update
Focus of H2
Junes update
• Business development continuation in North America and
Europe, with progress expected in H2 2022?
Market and Growth Opportunities Customer Estimated Annual Opportunity ($m)
Qarbon Circa $25m
Safran (Additional) Circa $25m
GKN (Additional) Circa $25m
RTX $50m +
Boeing (all US Sites) $50m +
Gulfstream Circa $20m
Spirit $100m +
This was from the October update still all quiet on western front
"The Board is pleased to announce that it is in advanced discussions with a large, global Tier 1 composites manufacturer with multiple sites in the US on another agreement. Further announcements will be made, as appropriate."
The above is from a RNS in JUly were is the news?
I guess something should be annouced within the next couple of weeks
Jim89
Appreciate your post. Ive already top-up a few times may do again in the next week or so
46Gillingham - absolutely! There is no volume here at the moment, hence we are stuck around the 40p mark. It will soon be on radars though and as its been said previously, this one sure motors when the volume arrives.
If you put all of the pieces together here (which have been communicated openly by the company), then you can read into what is about to happen over in the US and Europe. The US facility is way off full capacity, the facility is located bang in the middle of several Tier 1 companies, open discussions are happening and have been for a while, aircraft need to weigh less in order to meet new regulations regarding fuel consumption and velocity have a niche process that works and can save money for the Tier 1's... they are also in a good position with cash due to the recent raise. Everything stacks up nicely.
The company are local to me in the UK (one of my reasons for investing) and people are starting to talk more about their potential to grow and take their positions... not long to go, excitement will soon build - all in my opinion of course ;-)
Jim89
Very happy if your are correct. Ill keep my finger crossed for us both
Hopefully. We are certainly due some news and we all know the company are in advanced discussions with a Tier 1. If we get a December period like last year then I expect this to be well above £1 in Q1 2024. As always stated £2 is my target here
Will we get an update by EOY?
The 15-60p ride was quite fun! They have increased the number of shares since then but I assume the VCT ones will be reasonably sticky. If they announce another large contract it will do another big step up.
Some chunky buys too.............this SP doesn't half move quickly so strap yourself in for a ride
Still moving north
Another strong day, long may it continue!
Hopefully we can keep rising 5% per day until news. Want to be back into the 50's or 60's before another large contract lands
Some nice late volume today
Very interesting and great news potentially for velocity...
https://www.gknaerospace.com/en/newsroom/news-releases/2023/gkn-aerospace-and-ge-sign-major-agreement-on-industry-leading-aero-engines/
Nice clip from the article:
"The ground-breaking technology insertion programmes on the GEnx will focus on alternative material solutions, providing a more sustainable manufacturing footprint for several products currently flying. GKN Aerospace will provide component design expertise as well as its latest technologies, to help drive the GEnx programme towards its targets on carbon emissions reduction targets and cost reduction".
Hopefully some good updates very soon... just bought another £15,000