George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Alot of large trades reported today from yesterday. It could be Trev Brown from Braveheart selling out. Time will tell.
Bought another 10 k worth 40 mins ago No show?
It's like it's being deliberately held back
Thanks for the response peeps Makes a bit of sence but one wo ders if the big boy brokers are in cahoots with the MMs?
Its only automated system, its normal and buys and sells are being reflected in the SP, no worries and play safe...GL
Zwart, I posted a comment about that yesterday. There were many trades showing as 'unknown'. I can't understand why that happens. We can draw some fairly certain conclusions by looking at the figures. For instance, there were two £9994 trades. It costs me £6 to do a deal so, it's obvious they were buys, as opposed to irregular and totally odd numbers which are likely sells. There were still many tens of thousands worth of 'buys' (???) yesterday so, I'm hoping once they've filtered through the system as a 'buy', they will belatedly effect the SP accordingly. I admit I don't know how it works. The 'unknowns' baffle me.
It finally shows up at 9.20am after I question my broker Interactive Invest as to why it didnt show at the time.
It came up in black type saying unknown buy or sell??? WTAF?? It was a buy and SP should have reflected it
How can this be?
Britishbulls
Our system’s recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 27.0000, and our valid average buying price stands now at 34.2700. The previous SELL signal was issued on 13/12/2022, 7 days ago, when the stock price was 26.4800. Since then VEL.L has risen by +29.42%.Market OutlookLet’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity
There are a lot of very big "unknowns". Hopefully more buys than sells. Hold your nerve and see what a difference they make as they filter through over the next couple of days.
Just had a look at the days trading They are mainly tiny buys?
In the mid to low hundreds
I'm not getting it?
How many bags rerate this week expected once the gravity of this news filters out to the wider market?
---
It's certainly not hit the radar of many yet... 2nd highest riser today and didn't make the Top 20 Hot Chat Topics. Wider awareness is likely to see a greater rise.
My guess is 70-80 p by Friday, then another bag in January easy. It will go loud now and some more contracts should arrive. This crazy war days cant be better for VEL.
How many bags rerate this week expected once the gravity of this news filters out to the wider market? Surely two at least is fair to expect?
The rerate has only just started. It simply cant stay at 9. million market cap. GLA
Well this is great !!
Glad to be holding. We may even get dividends with this fantastic deal too.
I'd have said that it should have been above £1 today but those Price Monitoring Extensions don't help. I'm sure it'll go beyond a pound alright but not this week. (and I hope I'm wrong).
Presumably this news should take the sp beyond £1 this week.
This share has been so limp for the past two years that, like so many here today most would have given up on it. Even though today the trading has gone crazy, this is not the most frantic trading I have seen upon the announcement of news. My feeling is that this news will take a good few more days to spread to its furthest boundaries and the SP will lift off even further but probably not 'til January now.
Cenkos -
' Our forecasts, and valuation:
We are raising our forecasts for FY22E in line with the
trading update. For FY23E we are now including a significant contribution from the
US contract, and we raise our revenue forecast from £14.7m to £20.1m, with a skew
towards H2 due to the phasing of the rollout in the USA. We are raising EBITDA for
FY23E from £0.0m to £0.1m, also with H2 bias. We introduce new forecasts for
FY24E, which reflect a full year’s contribution from the new US facility. On p2 which
present our valuation approach for Velocity Composites, which gives a fair value
range of 55p to 101p.
We maintain a BUY rating. '
Although rather dwarfed by the contract news, the trading update shows that the company have done a good job in maintaining a tight control on costs during what has been a really difficult time for the company.
It is going to be interesting to see where the price settles over the next few weeks.
10 million market cap, 100 million contract!!!
Great news. More composite parts for the F35!
This deal has been moving forward in the background for a while and explains the steep rebound in the share price during October/November from those clearly 'in the know'.
Given how little volume is required to move the share price there could be a good increase on this news.
Possible news to land on Tuesday. Good time to top up.