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With the expansion into the US and further contracts on the way, I expect to see minimum £50M annual revenues within the next 18-24 months.
The CEO stated that the current US facility can double in production. Contracted business should deliver a three-fold increase in sales from 2022-2024.
Don't forget the aerospace sector is set to achieve net zero by 2050. Demand for composites will grow as new generation aircraft are built and this sector alone is potentially worth $6.5b per annum.
My target here is £2, as this company is in the perfect position to take advantage of the above.
Interested to know other views
Nice to see a few decent buys going through this morning in anticipation of further contract news.
Hope to see this have a nice run back up to previous highs and beyond soon
Looks like this could do another 100% today
Nice to see a little rise today and some nice round numbers going through too. Hopefully news on other US contract wins due soon
Correction... maybe a little more than 2 hours apart but still close when it comes to driving distances in America. Has anyone else here any views on who the next contract could potentially be with and how a contract with certain companies would be received?
When the new US contract lands, this will rise sharply again, hopefully in the next few weeks, once terms have been agreed.
The most recent presentation was very interesting, one of the slides had a list of the tier 1 companies on, including bae systems, GKN and Qarbon, to name a few. Interesting to look at companies who have facilities near to Velocities' new facility in Alabama, for example Qarbon are only a couple of hours drive away which would be ideal for transportation purposes. I wonder what the possibilities of Velocity entering into an agreement with another major player is and what effect another multi-million dollar contract would have on the share price. Hopefully we will find out soon enough
Big sell at the end of the day was worked through all day hence the drop. At least it is now clear, which should now see a nice steady rise into contract news. Hold for the major contract coming and the steady rise following. This is majorly undervalued
And another huge US order due imminently in my opinion... and expansion of the new facility in the US. Once word is out on this it will be well north of £1
https://m.youtube.com/watch?v=nw8D6kmRebI
For those who missed the investor presentation yesterday, it is now available via the Investor Meet Company platform and YouTube (link above).
The presentation gets very interesting around the 31.30 minute mark with a comment around other large contracts (at the same size as the current US contract) and a large pipeline of opportunities that the company are currently working through.
Very professional and positive presentation from the board. The company look forward to hopefully announcing significant additional contracts in the US with a 'similar size to the recent GKN contract'
Recovered very well. Nearly back level. Watch this space for major new contract news imo
https://www.aero-mag.com/velocity-composites-us-facility-achieves-major-milestone
New article published with some very subtle hints in there from Jon. Suspect that there will be more news early next week, possibly on further contracts in the US, before the investor presentation on Tuesday. Exciting times ahead for a company that is significantly expanding.
Couldn't agree more Jack. Reading the RNS from December, I don't think I've ever read a more positive announcement from a company with regards to future prospects and outlook. I have a feeling there will be another major contract coming our way and soon. This is massively undervalued and well under the radar, for now.
All ifs, buts and maybes, however, Asher has put a quarter of a million pounds of his own money in on this, who in their right mind is going to do that, you're basically be leading yourself up the garden path... I'm swaying towards the deal is done, the i's are being dotted and the t's crossed. Take your positions and sit it out, some will lose and some will win, the joys of aim.
Another couple of weeks in my book and we will hear the good news, all in my opinion
"We plan to conclude financing discussions in the third quarter of this year, as previously intimated, and then to press on with the well."
As we all know planning to do something and actually achieving it are two completely different things. I'll hold my breath...
This share has some serious potential. Been around oil and gas stocks for a number of years and this one excites me the most. With the amount of potentially transformational news on the horizon, it could go crazy, we are talking 500%-1000% gains from here. In it to win it as I always say, take your positions now as news due September... always do your research!!!
Read a couple of comments that really made me laugh today, obviously stocks will go up and down with news pending and these comments made me realise how inexperienced some investors are with their comments and views and feel the need to let everuone else know (just to make themselves feel better or prove a very small and silly point... who really cares?). Just pack in the 'I told you so sh*te and do your research and shut the hell up'. Everyone has their opinions and not everyone cares, me for one.
Good look to all genuine investors and none clowns