Member Info for BouncersDream

Oh lovely, my favourite kind of rise - one where you've been too busy to check until afternoon and when you do it's 40% up. That's a fine looking graph today

Give me a nudge when it hits my 57p average....!

Agreed, absolutely pointless selling now for a bit of beer money. I'm glad to see if back from suspension, I know it's not looking great at this moment but at least as long as it's in play there's still a chance of recovering something. I'd written it off to be honest so anything's a bonus

That would be one extremely optimistic view of things, yes, and there may well be a universe somewhere in which that is the outcome - but I suspect there will be plenty of very weary and disappointed LTH's writing off their investment now

Anyway, I wish anyone still in here the best of luck I hope it turns out well for you

My god what a sad state of affairs. I've been keeping a vague eye on Vela since selling out several months back, thinking I might dip a toe back in if there was any evidence that it might recover or a case to be made to do so. Sadly I think that would be a total waste of money.

It's not so long ago that they had a million+ shares at $5 each that they could have sold. I'm sure someone will contradict me to say that it was during the period when they weren't allowed to sell (the Board's legendary communication made that difficult to work out), but even if that's the case there was still ample opportunity later to cash in at say $2 or $3/share. Ensilica and one or 2 others could have been sold at decent profit, there was the accidental investment of 300k in Truspine, the disastrous losses on MODE and TRYB, the never-to-be-seen IPO in Aeristech etc etc. Literally the only good bit of business I recall the board doing was the fast turnaround on Kanabo. Everything else they've ballsed up and it's the shareholders who have paid, literally. Hindsight is great of course, but to have got it wrong at almost every single opportunity? Unforgiveable.

An absolute disgrace and I know from my time here there are plenty of good, genuine holders on this BB - it's a massive shame this has happened to them when it could have all been so different had the BoD conducted themselves differently

Pretty much where I'm at too - average 1.3 so it's nice to see it approaching BE point again, but like most AIM shares it does seem to have a habit of falling back fairly swiftly... fingers crossed the last week has turned a corner and it's onwards and upwards

Glad to be in here now having sold up in a couple of underperforming shares, took the loss but it was only going to get worse and have put the proceeds in here, nice to be in something where the prospects look good in both the short and the long term

I sold a couple of weeks back - obviously at a considerable loss, but slightly more than if I had waited for the new normal of sub-0.01 which is where Vela now finds itself. I have to say it's been a relief to finally make that decision and pull the plug, really didn't want to do it but with the catastrophic drop in the value of CDT for the first time I could see the writing potentially on the wall for Vela. All it would take is a bad RNS or 2 on the last couple of parts of the portfolio that are doing well and there would be nowhere to go, just bits and bobs of the remaining holdings to sell to pay the board's wages, that or the dreaded raise and god knows where that would leave the sp.

The BoD have shown absolutely no inclination to change strategy or improve communication with shareholders or the wider market so sentiment is on it's knees. It's reasonable to think that the UK economy should recover in the next few years, but I expect that'll take a long time to filter down to Vela's level and I'm not entirely convinced Vela have that long.

Having bought in originally about 4 years back when the sp was very much higher and averaged down since on several occasions my holding was never as big as the likes of JB and no doubt others anyway, but it does feel good to have moved on from this and I have some £ to reinvest in something run by grown up business people....

Good luck all, who knows what the future holds for Vela but I hope it comes good in the end for those that hang on in there (and old habits die hard so I'll watch from the sidelines just in case there's ever a case for buying back in- not only a small punt!) ATB, Bouncer

I know this is pointless and the world is full of what-ifs and hindsight, but I can't help wondering how different the picture would be here if the board had sold the lot at $5 - banked $5million and washed their hands of the whole thing. I'm sure they were holding on for $10 or something but sadly that's looking extremely unlikely now, even in the long term.

The only time I've seen them move swiftly and decisively was the KNB deal where they sold enough of the holding early that they were on a free ride with the rest of it. Being a Vela investment it then plummeted and never recovered, but that's just par for the course

10th June wasn't it?

We won't hear a peep now until Sep/Oct

Bleurgh, there it goes, the all time low. Wonderful, thank you Vela.

All excellent and sensible suggestions Hogbog - just a shame you're not an advisor to the Vela board. Number 5 - 7 in particular would be great to see, there was once hope in the form of Laiker that someone might provide an alternative investment strategy but when he was bought off (at double the then sp if I remember right) it's been back to business as usual, chipping away at the portfolio to pay the wages whilst watching from the sidelines as the sp dwindles.

JN and BF will be only too aware that this has been headed south for years now, they just don't seem to know what to do about it. Maybe they really do need some decent advisors

Just boredom and frustration Hogbog. No one likes losing money and that's all anyone's been doing around here for a long while now. It tends to breed negativity - I'd be very interested to hear from anyone more optimistic than me where they think the next bit of good news is going to come from now that the CDT deal is done, and with no forward strategy that's been put forward by the board?

I'm so utterly, utterly bored of hearing that it's a great time to buy / bargain / so undervalued. I averaged down at .07, .06, .04, 0.02 etc etc and still it drops, and still the board don't communicate or have any money left to invest, and still the CDT price falls away... I nearly sold yesterday and again today just because it's clearly destined to drop sub-0.01 with the value of CDT dribbling away daily but I'm too stubborn, I'd lose 60% and I really don't want to do that.

One 50mil buy changes nothing (note, preceded by a good 46mil or so sold)

Best pals & stablemates at good old Novus Comms

https://novuscomms.com/

That's a bonkers read, imagine investing £300k in that shambles.

Oh, hang on....

Extremely tempting to pull the plug on this now that the only asset of any real value is nosediving - perversely Vela are slightly up on the day so far but another poor day for CDT and I imagine this will follow suit. Just can't see where any good news can from at the moment, the board certainly haven't offered any hint of any in that last RNS. Miserable, miserable Vela

Because 4 or 5 years ago it looked in a much better state than it does now - several RNS's a year announcing new investments which generally resulted in a boost to the sp, the BoD selling when appropriate, making money on some of the deals. Then the SGSC thing turned up, £2mil+ investment if I remember right, and ironically it's been downhill ever since despite the fact that even with the diminishing CDT sp Vela still have a decent amount of $ to cash in if they wish. They abandoned the original MO in favour of one big punt which hasn't turned out to be a total disaster at all, but the market and investors clearly hate how it all looks now

There's no more evidence for that than there is for lvu's "vela is going to take off it's due to fly" - both meaningless words backed up by nothing.

Miserable to see this finally make it's inevitable move towards sub-0.01. Inevitable I suppose, it might not be today but if the board don't do something soon it'll happen sometime

And what, may I ask, is your basis for that assessment? Yesterday's blockbuster RNS? The slow decline in the CDT sp? Or blind optimism? You're no newbie yourself here, you know as well as the rest of us that Vela's not 'due' to do anything other than hope CDT perks up and some optimism in general creeps back in to our economy. That's the only thing that'll shift it