Velocity Comp Share Price (VEL)

Not good news. The team need to wake - up and get some new business in

Any response on this to date?

I am writing as a long term shareholder who supported Velocity because of the strategic vision you set out several years ago, particularly the ambition to become “the supplier of choice to all high value composite manufacturers globally for value engineered raw materials.”

However, looking at the company’s performance over the last two to three years, it is difficult to see meaningful progress towards that goal.

Historically, Velocity communicated a strong pipeline of opportunities expected to convert into revenue, yet few appear to have materialised into significant new business. Revenue growth has remained largely flat and there is little visible evidence that the company is gaining the commercial momentum implied by the strategy.

While the company has clearly taken steps to control costs and improve operational discipline, cost reduction alone is not why investors backed this business. The investment case has always been about growth: winning new programmes, expanding the customer base, and leveraging Velocity’s capabilities and infrastructure.

Against that backdrop, several issues are increasingly concerning:

• The lack of significant new programme wins in recent years

• The disappearance of the previously reported opportunity pipeline

• Continued senior appointments without a corresponding increase in commercial traction

• The risk that one of the company’s largest customers may internalise some of the work currently carried out by Velocity

Velocity now has significant capability in place, including facilities in both the UK and the United States. From the outside, this appears to be the platform of a business that should be scaling materially.

What shareholders would like to understand is where the next phase of revenue growth will come from, how the company plans to secure meaningful new programmes or customers, and what the realistic timetable is for delivering the commercial progress that investors have been waiting for.

I would welcome greater transparency around the sales pipeline, the status of key opportunities, and the concrete steps being taken to deliver sustainable growth.

I would appreciate your thoughts.

Have sold out but still keep an eye on this, as hoped it would come good. It appears in a bit of a death spiral, with an expectation that further cash will be required. The question is how low can the SP go? Confidence appears shot in the leadership team to actually deliver anything material

I'm still in as I just can't bring myself to sell at such a loss. I'm still hoping that they may come good with either some automotive contracts or any other market sector except aircraft. The stringencies around the air sector are also what seem to be holding us back but if we can it moving then I'm hoping the Tier 1s may support us.

I do also have some concerns around cash and headroom but my fingers are crossed that things will improve into next year or a buyout comes. Been here around 3 years and will continue to hold, may even average down