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Classic little drop today on very little information has led to retail investors giving away shares at a discount. An hour or two later we are back where we started with investors willing to fork out a few thousand pounds to take cheap shares while they can. All I can say is; "fair play".
At this level we are essentially valued as a cash shell with the added benefit of a portfolio of investments (not all good) and potentially big news on AZD1656 (although the Igraine resignations have completely baffled me on that front).
Time will tell but I reckon this is bargain basement with plenty of gains to be made!
A bit of a Googl-ing brings up a couple of potential candidates:
1) Chris Cooke of Time Partners / C5 Capital
2) Chris Cooke of Capital Futures
Looking at the information available online my money would be on the first of the two (although both I am sure have the knowledge and resources to amass the volumes published today) .
Either way. Its nice to see some very confident buying recently. If it wasn't for beer money retail investors bailing out on the cheap I am sure we would be at a far higher SP right now!
And we have another Holdings RNS denoting that someone has been loading up while small investors continue to hand over their shares at a huge discount. The movement of wealth from the impatient to the patient in action!
I agree to some extent, however, I fit into neither group particularly well having held since mid 2020 (pre SGS). I have luckily been able to average down a little but have a long way to go before I am in the black (hence not taking too kindly to being called a ramper). Its purely an opinion, but I think Laikers recent top-up is a good indication of potentially good news on the horizon. Lets face it, the BoD surely cant pick any more stinkers (even my poor attempts a trading AIM shares have done better in recent years!)
I reckon we are heading for another RNS confirming that Laiker has enlarged his position.
Retail investors are continuing to hand over their shares at this level despite seeing a big hitter clearly loading up. Unsurprisingly we are seeing an uptick in the number of doom-mongers on the LSE board who are either not standing by their investing decisions or looking for a cheap entry point.
I agree that the BoD's decision making up to this stage looks pretty unremarkable, however, the whole point of investing in disruptive new tech or bio med is that it takes time (sometimes years rather than months), however, the rewards are big when things go the right way.
Dont like VELA? take a look at a low risk investment fund to 5-10% per year!
Laiker has clearly been loading up for quite some time while retail investors have been handing over shares at a whopping loss for the last few months.
You don't end up with a 6% holding unless you are confident of a return. Based on the current SP he has at least £300k riding on VELA. Huge payday if the stats align.
Well done to those who have held on, showed great restraint and patience.
In fairness I haven't seen "Boom" for a while!
VELA has attracted a bit more online/social media coverage in the last few trading days so I wonder whether we are now seeing a bit more interest from new buyers/investors. The SP is currently at a level where the rewards could be very significant if news breaks (the big one we all want to hear about is AZD1656)
Nice to hear some positive coverage: https://ukinvestormagazine.co.uk/uk-inflation-berkeley-group-holdings-and-vela-technologies-with-alan-green/
The top line is that the SP is significantly underweight and does not fairly represent the VELA investment portfolio. The only way is up!
Its purely an opinion, but I think we are officially at the bottom of bargain basement levels with the current SP .
Granted the SP is way down on where it could or should be, but the rest of the market has taken a pounding this week and VELA has sat solidly between 0.00275 and 0.0030 while we have waited patiently for confirmation on the Truspine investment. Now that is out the way we should hopefully be in for a bit more positive news. The BoD also have £ in the pot for further investments so you would hope are already on the hunt.
There we have it. The Truespine investment stands and the BoD have addressed the administrative errors with the broker involved. At least a line can be drawn under the issue and fingers crossed Truspine proves to be a winner in the long term.
Next stop AZD1656 news!
I must admit, I am a bit baffled that the BoD are taking so much time over the Truspine stuff.
If it was my business, I would not want to be sat on an investment that hadn't been correctly assessed or signed off!
As I mentioned last week, the BoD could even win a few fans by showing that they don't take this sort of thing likely and were subsequently walking away from it.
Its down to the BoD to complete the due diligence in the businesses they are choosing to invest in. They of course have less control once the money is moved over to the chosen investment but they can buy/sell once these businesses are listed (KNB being a good example of what can be done with a bit a decent planning and a pinch of luck).
The BoD are not perfect but they do have the experience to turn VELA into a profitable machine (A couple of years ago, new investors were flocking to VELA off the back of James Normands successes at AAA)
I have wanted to use far more explicit language on a couple of occasions (particularly regarding the investment in SGS/AZD1656 and MODE) but accept that I made the choice to invest in VELA and have to either bail out at a loss or average down and stick with it. I think this will come good so have to back the board or vote them out at the next AGM if they dont start producing results in the next few months.
For the first time in my life I am a "trend setter".
I better go find another 60 quid to start off tomorrows buying/selling action :)
With just shy of 50m shares I am going to need a fair few £60 buys to average down to somewhere reasonable but I personally don't think we will be hanging around this level for much longer. The BoD must be feeling the pressure given how slow news has been regarding AZD, the rather poor selection of smaller investments and the truspine debarcle. There surely has to be some good news hiding away somewhere!
Sadly a lot of the names that were popping up on here 2+ years ago have sold up and moved on (most likely at a sizable loss) or stuck their shares in the bottom draw and focussing attention elsewhere.
What we have seen recently is a host of new names picking up shares at around the .0030 mark which in fairness is not a bad punt considering the MCAP is now less than the value of the investments held and cash in the bank.
As mentioned yesterday we only need a little bit of good news and the SP should shift northward pretty sharpish. We just need the BoD to communicate (covering both good and bad news).