Member Info for jim89

46Gillingham - absolutely! There is no volume here at the moment, hence we are stuck around the 40p mark. It will soon be on radars though and as its been said previously, this one sure motors when the volume arrives.

If you put all of the pieces together here (which have been communicated openly by the company), then you can read into what is about to happen over in the US and Europe. The US facility is way off full capacity, the facility is located bang in the middle of several Tier 1 companies, open discussions are happening and have been for a while, aircraft need to weigh less in order to meet new regulations regarding fuel consumption and velocity have a niche process that works and can save money for the Tier 1's... they are also in a good position with cash due to the recent raise. Everything stacks up nicely.

The company are local to me in the UK (one of my reasons for investing) and people are starting to talk more about their potential to grow and take their positions... not long to go, excitement will soon build - all in my opinion of course ;-)

Hopefully. We are certainly due some news and we all know the company are in advanced discussions with a Tier 1. If we get a December period like last year then I expect this to be well above £1 in Q1 2024. As always stated £2 is my target here

Another strong day, long may it continue!

Hopefully we can keep rising 5% per day until news. Want to be back into the 50's or 60's before another large contract lands

Very interesting and great news potentially for velocity...

https://www.gknaerospace.com/en/newsroom/news-releases/2023/gkn-aerospace-and-ge-sign-major-agreement-on-industry-leading-aero-engines/

Nice clip from the article:

"The ground-breaking technology insertion programmes on the GEnx will focus on alternative material solutions, providing a more sustainable manufacturing footprint for several products currently flying. GKN Aerospace will provide component design expertise as well as its latest technologies, to help drive the GEnx programme towards its targets on carbon emissions reduction targets and cost reduction".

Another very good and professional presentation. Expecting another large contract before year end

Https://www.thebusinessdesk.com/northwest/news/2122125-aerospace-group-set-for-take-off-following-latest-funding-round

A nice £85k buy just printed from yesterday. The ask was at 37p and 39p was paid. Encouraging!!

Those in the know will very probably have already bought and are topping up on this dip...

Understand that the market will obviously react badly to what was included in today's announcement, they always do when forecasts are reduced but its only forecasts. Teething issues were bound to occur on a new contract, in a new facility. However, the bigger picture needs to be looked at here. There is obviously another large contract on the horizon in the US, the facility can treble in production as has been stated numerous times. This potential (I firmly believe the deal is closer than has been stated) will not be baked in to the current numbers, therefore, I certainly see a huge upturn in the next 12 months with two major tier 1 companies on board. Will the next contract be larger, very possibly but that is just my opinion. Transformational was the word used by Andy Beadon...

The risk/reward ratio certainly swings in favour of reward here if you look at the potential and hints provided by the company over the last 6 months.

I am far from concerned here, this is a huge opportunity...

11th July as per last RNS. Expect a presentation also and hopefully news of new significant contract in US

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