The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
XPB: Not really. Just an opportunistic punt from someone who knows the business and, like quite a few others, thought that there was the possibility of a higher bid. By my calculations, he will lose around £5500 if the buyout goes through at 0.25p. I would guess that he can afford it.
Evidence of insider trading ?!
The sooner one starts accepting, the better. There is no point in clinging to false hope. VLS is done, and the shareholders will pay the price.
Now he's the seller ouch
Long time lurker here. VLS had loads of promise and I hoped it could be key to decarbonising the aviation industry. There seemed to be a strong appetite for green energy a couple years ago but Tory gov't couldn't care less it seems. I'm holding on one last bit of hope that a sensible investor takes a punt especially with COP28 round the corner.
It's such a shame. 5 years ago we had a very strong company. Seems UK just can't get the renewables business off the ground. They had the planning permission, they just had to build the SAF refinery. It's beggars belief that they couldn't secure the funding to get what would have been a very profitable home grown business. I sold a while ago but always hoped VLS would recover.
Anyone buying now above 0.25p either knows something the rest of us don't , or they're treating it like a call option, paying a bit of premium for a potential upside shot. I'd love to know what was going on a week ago when millions of shares traded, lifting this thing 200%. Nuts in hindsight.. or was it.. we'll have to wait and see.
Bid is currently at 0.231p, so likely we will see it dip below today.. whether it stays below and keeps dropping is the question..
I am bit unsure, should we hold this stock now or sell and come out. Will it dip below .25 is unknown ..
Their near term challenge is keeping the lights on and people in work (preferably not the Leadership). They will no doubt seek some bridge financing - at exorbitant cost - to get them to the point of Lightrock/CD coming in.
I’ve been predicting this moment for years, much to the annoyance of the VLS fan base, but despite all of that, there could be a glimmer of hope for the company should the £4M materialize. The buyer will get all the IP, an option on a site, and a £27m grant to dip into. My expectation is that the buyer will come in and repackage all of this, then flip it to another SAF developer.
Unfortunately for the AIM players, none of this potential future activity will be to their benefit.
Commiserations Rinsed. I guess we have all lost something here. I would hope that folks have operated within usual risk-management parameters (i.e. no more than 5% in any one investment - certainly not unless one has genuinely deep and intimate knowledge of the firm in question.) Understandably, nobody has any good word to say about the leadership of VLS right now. I would say there may have been some things genuinely out of their control? In particular I think the funding struggles may have arisen from the fact that Abramovich (with alleged Kremlin links) owns a chunk of the company? Might that also explain the extraordinary lack of support from the UK government? I dunno... But yeah, it's a sh+t-show.
I personally wouldn’t buy any more if heavily invested but may as well see how it ends now. Too late to do much else now! An unlikely miracle is what’s needed… but it is just that.
Why are there people still buying if the company is deeply wounded? What's the gain? Should I be selling or holding out for a miracle?
Id just love to have known for these past 2 years what an actual day in the VLS office looked like? Get into work on a Monday morning and what on earth do they do all day?
No FEED to work on, very few patents filed especially in the past year so seemingly little in that regard, pitches for new work possibly but if that is the case none were ever won. Ohio factory was constructed but not by VLS, fitout hasnt even started. Only meaningful thing they seem to have done for two years and >20 million quid (!!!) is file the paperwork for the government grant schemes and have Neville attend 3 government meetings.
Wilco999 - Simply BOD lied and pocketed the cash they raised. Fraudsters but they will get away and keep on doing same by becoming BOD of other company. They all work in chain - You scratch my back and I wiil scratch yours
Price action is starting to tell us no other offer might be forthcoming... heading towards 0.25p
Velocys had just signed multi-million dollar deals with IAG and Southwest. Can anyone explain how the wheels fell off so badly? The award winning tech seemed more than sound, VLS had decades of headstart in proving these credentials in a red hot industry and all seemed promising.
Cut forward 2 years, the reference projects are basically at the exact same place (with the exception of VLS no longing owning any of the land), not a single further contract was ever won anywhere in the world (despite the endless projects being planned), Shell bailed, BA are clearly close to bailing by investing in competing projects, Southwest have seemingly switched their attention to USA Bioenergy who have next to no experience in the industry. Adding to that the severe cash-burn for a company this size, it's hard to imagine how this 2 years could have gone worse.
What on earth happened? Of course I like many have been burned by this and am trying to learn lessons for future reference but the level to which VLS have dropped the ball and let their advantage slip is quite unlike anything I have ever seen. My major frustration is I backed a market (SAF) at just the right time and well before it became the legislation-backed juggernaut it has become and unfortunately I have been burnt by putting my faith in a company which is seemingly so incompetently run it beggars belief.
Buyout at 0.25p may be hard to take but at this stage, I truly believe VLS, with or without additional funding may be doomed. They have had plenty of time to prove themselves now, they just simply cannot make it work.
Https://www.business-live.co.uk/manufacturing/shares-nose-dive-after-velocys-28016568
See https://www.businesstraveller.com/business-travel/2023/11/18/bas-project-speedbird-saf-partnership-secures-9-million-government-funding/
What's happened to VLS - I thought they were part of this project?
I can't imagine that any insight exists at this stage. All that's left is a Hail Mary shot at a short-lived spike, then dump.
Interesting all these II's buying at higher prices than the Lighthouse offer.
What insight do they have that others haven't?
When all is said and done, Henrik looks like a nutty scientist from a 1960s comic book. We should have held it against him.
Not a peep from the CEO in all this? Must be hiding in one of his luxury villas. Zero F's given.
Would not surprise one little bit if this got gov funding on both sides of the pond.
And another RNS of a company taking an opening position in VLS - CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary Clients) - have bought 27m shares yesterday (almost a 1.7% holding) on behalf of some clients.. again, why are these companies steaming in to VLS at prices above the offer price of 0.25p?? It is highly unlikely, IMO, that this will go for 0.25p.. The fact the bid is sitting 10% above 0.25p is telling you that too.