Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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below posted on wrong board... apols/disregard
Far more interestingly, especially given this is the ies.l BB too, my guess is this will get back into the 50's p soon .. which would be in line with the general solid progress being made on the ground here now..
I continue to do my bit by topping up as we go into this rally.. hopefully you, magmanus, are doing similar?
See link below:
https://www.velocity-composites.com/news/2023-04-18-first-kits-delivered-alabama
This is huge for the company and the future is now bright with £100M rolling starting now.
Expect another similar contract now this one is approved and into production with GSK
And big chunk of shares are held by insiders and funds.
(do expect 70-100pp p to the new base up, until the next contract rolls in)
Decent buy after close on tiny float
16:45:07 40.00 13,500 Buy* 5,400
Accumulation mode now
steady up better here, no need to ramp. RNS/Numbers talk for them selves,
(Alliance News) - Velocity Composites PLC on Tuesday announced the successful manufacture of the first composite production kit from its new manufacturing facility in the US state of Alabama.
Velocity Composites is a Burnley, England-based supplier of composite material kits to aerospace and other high-performance manufacturers. The kits aim to reduce all forms of waste from the composites supply chain.
Shares in the firm jumped 11% to 37.23 pence on Tuesday morning in London.
The company said the manufacture of the first production kits is "major milestone" at the site, which was built to support a five-year work package agreement announced in December with GKN Aerospace. The agreement is expected to be worth in excess of USD100 million in revenue over five years. GKN Aerospace is part of Melrose Industries PLC.
A first article inspection plan, agreement with the customer, continues to be implemented. Under the plan, one of each composite kit will be manufactured, delivered and verified before proceeding to sustained volume production.
The final programme is scheduled to be completed within this financial year and will enable a full rate of production to commence either at or before the next financial year, Velocity said.
The kits for the first programme are currently being transferred and account for approximately 18% of the total contract annual revenue, Velocity Composites said.
i believe this was arund 60p odd ......so nice to see this bounce up this morning....some would say this is good value or cheap at this price!!!!
Hi Gavster, it's great the company is doing well but there certainly was something to be said for the period when it was noted that we had gone a year without anyone posting to this board!
short term would be nice
"Where are the employees here?"
"why do they employ rampers"
2+2 doesn't = 5
I have no patience for stupidity, intentional or unintentional.
People should really be able to spot paid rampers on LSE chat forums by now.
Straight onto the ignore list.
Current MKT cap is ? 14M !
100/14 = 6 x under valued right now! approx. You get the point
The kits for the first programme are currently being transferred and account for approximately 18% of the total contract annual revenue. Work is already underway for the second programme and, being the single largest programme, accounts for a further 25% of the total contract annual revenue. This therefore means that approximately 43% of the total contract annual revenue is on schedule to be approved and at rate production by the end of May 2023, with the remainder to follow.
The facility is now also being marketed as a launch hub for future customers, and high-level business development activities are already underway with several large potential customers.
today...i see a lot of people liking today RNS AND SHOWS THE COMPANY HAS A GREAT FUTURE
They sell we buy! They have eat!!
If they did not sell, how would you be able to buy low?
Where are the employees here?
I am come on fella , this might be 100p end of year, and you will not be seen anywhere.
Over and out
I thought I was being very clear. Their contract and expansion news speaks for itself, great.
But why oh why do they employ rampers when at the same time allow directors to sell issued shares.
They should be doing neither and there are obvious ways to avoid director sells.
RNS Number : 9055R, 06 March 2023
Exercise of Share Options and Issue of Equity :
Jeffrey Armitage, 55,059, 0.15
RNS Number : 4206T, 17 March 2023
Jeffrey Armitage, a PDMR of the Company sold 55,059 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 34 pence per Ordinary Share.
'In our view, this opportunity supports significant upside potential for Velocity Composites
shareholders and we maintain a BUY rating with our fair value increased to 68-101p (previously
55-101p)'
They need to revise the above now, with £100m contract now being executed after all testing and manufacturing processes completed.
Gavster, what are you talking fella?
This is huge news, In Dec PS was 50p+ on possible future contract and now its real.
Now it needs and will re-rate fella.
I do agree this ria20 is small village idiot and appears on most boards. He buys £2k and just posts.
Smart money is buying tiny float expect decent close and gradual uptrend now
good start this morning...see alot more people coming here once RNS has been pushed out in press
Hi Monkshood.
Why Velocity employ share forum rampers is beyond me. If they want retail markets on side then, for a start, pay your directors more in cash and get them to buy shares to hold, instead of issuing shares for them to be sold immediately.
About two years ago, one of them came on here and ramped to an empty forum for 30 posts in a row, then in a few weeks the poster was deleted. It was hilarious to see, laying bare the goings on you see on other shares (like RMM as a good example).
agree
taken out..buying pressure building up
this is one of those that you accumulate up.
Sell and you toast here now.
tiny float and $100m order on the cards!
Now manufacturing £££ - long awaited and they finally delivered
ON THE LEADERBOARD
gen will go up on its own
just buy and post your buys
great RNS ....excess of US$100 million REVENUE
ticking up
15 percent this morning