Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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A video of the presentation given by Veltyco at last week's ShareSoc London seminar is now available here: https://www.sharesoc.org/events/recordings/
Nice update: "Further to the update given on 28 November 2017, the Board of Veltyco is pleased to confirm that trading in December continued to be strong. Based on the management accounts the Board expects that the results for the year ended 31 December 2017 will be significantly ahead of market expectations with net revenues in excess of �14.5 million (2016: �6.1m) and the operating EBITDA for the full year 2017 in excess of �8 million (2016: �2.1m). " Revenues doubled and EBITA QUADRUPLED!?!?
Could make this chart even better looking over the coming years. Best of Luck All
Decided to take my own advice, and sold at a loss. Will wait until the stock market correction/crash occurs, after all, America (the FED) can only maintain a false stock market for so long.......but I will not buy any AIM companies, larger companies are much more difficult to manipulate. Good luck to current holders here.
This post is mainly for new buyers......my "Excellent" ref post shows sp @ 85p. The RNS stated "significantly ahead of expections", so instead of rerating the shares, the mm have now got them back to 76.5p (so far) today. There will be very few companies with over 200% growth as this one........but, what is the point in all of the above ...if you are loosing money............AVOID. Try and seek out the next Keywords, Blue Prisim, Gear4music,Fevertree..etc. these are companies in which their market makers did not at the growth stage, f**k up their share price, but allowed these companies to grow.
Nothing ever changes with the market makers here. Same old...same old, forced to mark the shares up yesterday on great RNS, and first chance, ie, the next day back down we come. I wonder will it be the usual pattern.......3 down days, followed by a 0.5p rise the next, then back to 3 down days etc. As dangerous as this will be, I would take the company off AIM and back to private.....my offer to buy back the remaining shares, would be substantially below market value, this would cause the share price to collapse, yes hurt shareholders, but what enjoyment to match the market makers get sooooooooooooooooooo f***ed.
Massive thank you to the board of Veltyco. Please ignore the "noise" over on ADVFN bb, 2017 is not finished, but some are looking for precise figures of increases. My best wishes in growing the company further.....good luck.
significantly ahead of expectations... will this ever rise above �1 again?
Yes, it's money, money, money, time again for the shit of the earth market makers of this stock. Manipulated to death again. My 25th Oct post shows the stock being marked down from 102p to 69.5p, so almost a month to the day, after very good RNS's, the stock rose to a high of 86p, and today back down again to 69.5p, with lovely spreads of 5 to 7p. This is an excellent example to never buy AIM stocks, because the London Stock Exchange could not give a shite of what happens on AIM.........but of course they will pretend they do.
Looks like a head and sholders formation......if continues.... next support point is 43p. Buying still ahead of sells, and shares still being marked down. This must be one of those rare shares, when buys exceeds sells, the shares fall, and when sells exceed buys, the shares also fall. Only saving grace, the update is due around 13th Dec......but everyone already knows that it will be good.
There has been some good buying in the last few days. Seeing ; 50,000s, 25,000s and today a 40.000.....and each strong buying day the share price has been marked down. The worry is MMs moving this back into the 60s, increasing the spread back to 7p and wait for buyers,...... to pay for their Christmas coke and hookers.
"We are investigating the sudden decrease in the share price. It is clearly being manipulated by the market makers, as there has only been good news recently. We believe in further building the company and increasing the share price, but these days are quite frustrating as they only seem to mind their own books. We are addressing this internally and externally. ...........................................Kind regards.......Marcel Noordeloos.....CFO."................f**** the market makers, and buy the shares....
Like a fiddlers elbow!
The CFO from Veltyco has replied to my email........ The company has noted the share price fall, and also believes that it is manipulation by market makers, due to the recent RNSs, which have only been good news. They say they are building the company which should support the share price. They state they are looking internally and externally to resolve the problem.........they state that the market makers are only looking after their own book.
Well that was quick to reach the 60s.....69.5p...-8p. With over 10% daily falls, not long to wait for the 50s, and 40s. Still, the company is not bothered to act. At 51.25p the market makers will have devalued this share by 50% in a matter of days. AVOID.
Yes, yet more good news, new sponsership deal in Brazil. Yes, yet more of the same from MMs. They were forced to move the share price up yesterday on the news of this deal, from 79p to 87p in first 30mins, (that annoyed them) then reverting to type (or to fill an order from IIs) moved them back down to 81p after one and a half hours, closing at 82.5p. So, roll on todays fall, down to 77p (so far) this would be 7 fall days in a row, if not for yesterdays news. Clearly, this share is being manipulated only in one direction....DOWN. Oh, still no reply to my email from company, looks like they are relaxed about all the good news being meet with a falling share price.
Hello steakbrake1, yes, you are right I do hold a sizeable position. As you can see the comment in my post on Fri, was for potential buyers, not existing buyers. The comment in the post is factual. Clearly, you feel I should be encouraging people to buy. I do (or did) not have an issue with the company, difficult to have an issue with 200% growth in 6mths, with strong second half, set to exceed yearly expectations, plus a dividend, add in esports partnership, looks great to me. As already stated, my issue is with its market makers. They have deliberately manipulated over a 25% share price fall in 6 days, based on the above excellent news. They further added to their greed and changed the spread from 3p to 7p.(for a share price in the 70s). Clearly their mates at the Spread Betting firms rang to arrange stop loss points of 10%, 15%, 20% and 25%, to be taken out, obviously their reply was, "no problem". As you can see below, the post from F7.14, a 13% manipulation, so clearly, not the first time or the last. Add in your post of 16th May, "why isn't share price flying?". Now add in my email contact with Veltyco Group on early friday morning, pointing out the above, and suggesting an RNS, indicating .....they know of no reason for share price movement....This may arrest the "crash", but at least when the S/Bs come calling again, the reply should be, "sorry, but we are being watched". Oh, by the way...there was no reply to my email, at least good relations from VLTY with its share holders. Do I stil think potential investers would want to know this information.....yes.
I trust your a holder zach as you are not helping with negative comments like this.
To any potential buyers.....avoid this share, great company, but, so what....if market makers can manipulate a fall from 99p on excellent news, down 6 days in a row to 76p......SO FAR..... then what is the point. Plus the company is not helping itself by not releasing a RNS stating...it knows of no reason for share price movment.
Be careful if your intending to buy this stock. I hold a position. Yet another manipulation by mm, shares traded 34,000, stock down 3.5p again. with a 7p spread. After esports news, the share was marked up on the day, on strong buying to 99p, over a 10% rise. Then over the next 5 days(on good buying) the mm have retuned the share price back to before the news. It is clear the mm have refused to rerate this stock from excellent 6mths results, with full year results to exceed forecasts, plus esport partnership news. Unable to find data if a company can remove the market makers trading its shares.
Wow, down 3.5p on less than 10,000 shares traded out of 74,340,000 shares. That works out at <25 x 10,000=250,000 shares to sell, or 3.5p x <25, for the share price to equal 0p. Only dumb f market makers could make this kind of $hit up.
First time in this share. Tried to buy weeks ago @ 62p, but IG Index were only taking closing positions. Almost bought on day of excellent results, but had noticed the trend to be marked down the next few days after large ups.
What is this all about , down 13%
Isn't this fantastic news - why isn't share price flying? I just don't understand AIM.!!!
The Board expects to publish the audited final results in April 2017.