Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I live 1 minute from vela hq. If anyone wants to ask me any questions. Tar
Sounds like you’re on a “downer” Joe. Snap of it or see your GP.
But seriously, shares are for the medium and long term unless you are a professional day trader
Cheer up or you’ll ge5 banned again….and ( probably) none of us want that.
Vela will be fine.
If you want real downers think Sumak, Kieth Starmer, climate crisis, 26k dead in Gaza etc. Now that’s depressing!
XYZInvesting reverting back to his original alias of JoeBloggs
Then stick it back in the bottom drawer and leave it as long as it takes. Those who are so inclined can average down. All it'll require is CDT to go on a decent run and the board to sell some or all of the holding there, if they popped up with an RNS to say they've banked several million $ this would soon turn around (for a bit - before inevitably dribbling away again)
It may be but that also provides some interesting opportunities. Buy low, sell less low!
Mcap now below £3m
Investments Value - £5m
Yep, I guess they will hold off releasing the quarterly update til end of quarter hoping for some relief from a CDT price increase by then otherwise numbers will look a little poorly.
Intrest level ,back at BO level ,makin DB ,a pot.reversal level imho
Jesus, how are we back to pre-put option levels again? Until there's any kind of an update I think it's time to switch off....yet again
May I suggest that you buy some more at these prices,bargain, I will buy next week when funds become available,Tuesday morning 💪
In the grand scheme of things the bod,s don’t really pay themselves that much when you look at other companies in the same situation, they are rich and in my view committed to the cause
Annual cash outgoings is running at around 7% of current Mkt Cap. Sustainable for the Directors, not so good for SHs.
@LtdAxis - agree. Bought 50,000 CSFS August 22 at £0.0897, wish I bought more now! 😊
Ltd Axis - our average is over 50p for CSFS so still a way to go yet but definitely nice to see it going in the right direction.
As far we are all aware the cash position of the company is next to nothing unless they have sold some shares. I think they would need to RNS any significant share disposals in CDT so assume they haven't sold any of them which is unfortunate as we could have sold some over $5 but now the reduction in the CDT share price heavily outweighs any gains in our other investments. We also have no cash to invest in any other shares so all out eggs are effectively in CDT basket.
With the Put option being exercised and a few of our investments looking better maybe all is not lost. Still think the BOD are pathetic and care free but certainly looking better than 1 year ago. Just need too see that reflected in the SP.
Cornerstone still motoring and must be close to profit ?
Wish I’d added some at 6p a year ago!
I have built a position in Ensilica now at 31.5p.
Seems better to gamble on our investments at a low rather than vela itself! Enet is a good example and have done well trading that recently .
Looks like Vela's settled in to one of it's holding patterns again, stuck around the .02 mark and unable to break free. No news due that I'm aware of now that the excitement of the CDT business has been concluded, same old portfolio slowly dwindling away, no money in the bank. Single digits of trades each day, no RNS or updates - all very familiar.
Personally I hope the next update shows they sold some CDT at $5 or more, maybe $1mil or so to keep a healthy amount in reserve and allow them to actually make some investments which after all is what the whole point of Vela is. Can't see any reason we'd see any sort of a move towards fair value until then.
OK, just looked now. What is the interest in Bio-techne?
CDT just went sub $3!
In contrast cornerstone and skillcast are both at year highs . Ensilica might be worth a flutter at these levels
The ‘short’ interest in CDT has dropped to 1.28%.
It was over 30% in December which probably explains why the share price was taken for a ride …
Holding the 200ema last 4 days
Yup, there is little volume, but no strong support levels down here. Dropped through the 50dma yesterday without a pause, next psychological support would be $3, then previous trough around $2.60. But the only serious previous volume was around $1.60.
Its just going to fall until it finds buying volume.
Probably better buying CDT at these levels instead of vela, especially if it hits $1.60.
CDT not giving much news or reason to buy.
Not sure if they have sold any Cornerstone shares but based on the amount showing on Vela’s website it shows 595902 shares. They have gone up from 22p in late Dec to 30p so at least that is something. £47K extra ish
CDT taking a dump early doors, could be