Member Info for jim89

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

Indeed, same old same old again unfortunately. No new business and outlook poor for 2026. Terrible management

RNS coming tomorrow as per the companies financial calendar:

https://www.velocity-composites.com/investors/financial-calendar/

Fingers crossed for some good news 🙏

Nice to see a steady rise over the past few days, that's for sure. I checked out the companies' website and they have updated the 'company news' section a couple of times over the past 2 weeks (not much prior to then). More notably the write up on 22/05 which shares James Eastburys' visit to meet a potential new customer in the States. A small snippet below from the write up, which I found very interesting:

"James recently embarked on a significant visit to the United States, engaging with key customers and exploring potential new partnerships in this strategically important market. While specifics regarding ongoing negotiations remain under non-disclosure agreements, the visit included interactions with a potential major customer currently involved in an RFQ (Request for Quotation) process. This underscores Velocity’s commitment to actively pursuing new opportunities and solidifying its position in the US market."

I may very well be reading too much into this but a 'significant visit' sounds promising indeed. Hopefully a big RNS next week, prior to results being confirmed on 25/06.

Today has certainly eased any fears that I had for the 22nd May trading update. I was half expecting them to provide an update stating that revenue would be down and more negativity but today's update confirms that we are still on track. Very positive and expect a climb back into the 30's over the next week

Trading update due 22nd May... hopefully we have some positive news land

46G maybe I need something stronger indeed, however, if I'm wrong then so is the company... but that wouldn't surprise me!

https://www.velocity-composites.com/investors/financial-calendar/

Hi 46G, good to see you back on here posting 👍

Interim results are 25th June but the AGM is 11th March.

Nice movement here this week. Stabilising around this price before results and potential news of new orders. Volume has increased nicely, can see a significant rise coming here if they get another $100M deal

We are certainly starting to see some larger volumes here which is reassuring. Some nice buys went through yesterday and the days before, although some larger sells were also recorded. Although I did see a lot of big round buys being made which seems to me that someone is maybe taking a position.

My view or more hope is that people are starting to buy in for the financial results on 29/01 where velocity will announce a positive EBITDA, this should hopefully give us a little lift and provide market confirmation that the company are doing things right and in a controlled and stable way.

However, I would also like to assume that we are now due some positive news (I know us long term holders have been waiting a while).

If the company play this right, positive news could hopefully be announce just before the results are presented, which will give us an even bigger lift and provide some form of stability at those higher levels. I've been disappointed before here, but I still have faith that Velocity will be trading around the £0.70p/0.80p (£40M mcap) mark by mid year, now that they are turning a profit.

The economic climate and the issues with boeing have hit us hard, as a result I would like to see the company move into other areas such as electric vehicles and wind power etc. in order for us not to have all of our eggs in one basket. I do feel that the company have maybe been in a stabilisation period for a while, ensuring that they turned the EBITDA around prior to entering into new contracts and not taking too much on until stable.

Let's wait and see what they can pull out of the hat in the next few weeks for us shareholders🤞

Hopefully the start of the long overdue rerate here. Very promising, big news due?

Gavster, we have had quite a few interviews and presentations over the past 2 years, which have only had generally a negative impact on the share price. I keep saying it but what we really need is to see this potential pipeline of new business (200M+) starting to be realised. This in my opinion is the only thing that will have a large and positive effect on the share price. My fingers are crossed for 2025, if they start to confirm new large contracts then this will soon double from these in the blink of an eye.

Agree, a slightly odd move from Bridges. He would have known that selling a mere 150k of his over 5M holding would affect the share price. It makes very little sense to me why you would do that as the CEO, when the share itself needs some positive news to stabilise. Maybe there is more behind this, but who knows as us shareholders are kept very much in the dark here by the board. Still holding and will continue to hold long term but frustrated... waiting patiently for this '£250M+ pipeline' to be realised

Also thanks for sharing your letter and response 👍

Interesting response... not really sure what to make of it and don't want to read too much into it.

I set a telegram group up for Velocity back in December (completely forgot about this). If anyone on here fancies joining then search for velocity composites on telegram and join. It might be easier to discuss the share in greater detail on there 👍

Hi Gillingham,

I tend to agree with your sentiment here. I must admit I read the RNS this morning over a coffee and facepalmed. My first thought was 'over promising and under delivering' I.e. empty promisses from the leadership team specifically Andy Beadon.

However, let's look at the positives, this is a long term hold, we all know that. The company is recovering from Covid and is still forecasting a c.40% increase in revenue from 2023. The drop this morning is certainly an opportunity in my eyes but frustrating when I'm in very deep here.

On the flip side, keeping shareholders informed needs to be improved by the company or people will become frustrated over time. More regular updates are required to under pin any share price rises. We need to be knowing about contract extensions, accreditations, new business when they happen, not all popped into a single RNS mixed with less positive news once a quarter. I feel this does need to be brought up with the leadership team by us shareholders at the next presentation/event.

Some nice little buys going through today with a bit more volume. Hopefully this is the start of the push upwards

I do agree an update would be nice, however, I am quite comfortable here as things seem to be nice and steady, a firm base being established at this level. I do feel that a major update on new contracts or contract extensions will take us above the c.65p we saw in January 2023 and then results in January 2025 showing a profitable company will take us above £1 next year.

There is obviously a lot of work going on in the background, I've just found this article posted a day ago:

https://www.compositesworld.com/news/velocity-composites-receives-nadcap-accreditation-for-us-facility

I know the feeling! Thankfully I only have a small portfolio but this by far my biggest holding, so I do try to listen to all presentations and write notes.

I also seem to remember they mentioned about additional machines being procured. I believe in the last presentation they made a sweeping comment about just having purchased their third or fourth machine for the US site (someone please correct me if I'm wrong). However, this would explain the ramp up and requirement for additional labour and shift work.

I do feel that we are on the cusp of something here though, as you stated we are through the tricky period and it is looking like the ramp up is well underway. Making a profit this year will be huge for the company, all the signs look good for H2, with results in January showing a small profit being made.

Regarding the shifts, I seem to remember they mentioned this in the last investor presentation. I also seem to remember they mentioned about once ramped up they could put a third shift on also.

Very quiet here, expecting an update imminently on existing contract extensions, new contracts, strategy etc.

I don't think you are reading too much into this, however, it is a shame that us shareholders have to guess what is going on...