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The BoD could really do with telling the market something about their progression after the fundraise.

Like everything else on AIM, the SP soon starts to slip as retail traders get bored and move on.

We are well funded, we have a book full of future orders and a directors who are willing to out their own money into the business and yet we are sat at this level. A £4m MCAP is laughable given the above!

I guess we may be in for some news next week with the exclusivity agreement ending today! Fingers crossed its positive!

I am surprised to see the trading so modest this week. After a rough year or two the business is in decent shape with a solid order book, directors bought in and II's locking in decent volume. I genuinely don't see why this couldn't be 4p today and still represent a good value long termer.

The penny has to drop at some point!

Irritatingly nothing really seems to be exciting new investors enough to take a punt at the moment. in farness the slide down to the current SP is not exactly confidence inspiring.

There seems to have been a flurry of activity online this morning with a few target prices banded about (most north of 3p).
Its nice to see a bit of confidence after a tough few weeks. Still a long way to go for long term holders but it looks like we have turned a corner and could see further sharp rises (only 6 months ago the SP was over 6p).

It looks like the penny has finally dropped and new investors have spotted the disparity in MCAP and true value.
In reality the SP could be 3p+ and still represent good value for buyers.
The drop on the announcement of the fundraise was massively overdone and has essentially just made it easy for II's to pick up volume on the cheap before allowing the SP to rise back up.

£1.2m in the bank come Monday, Directors well invested and a significant order book for 2023.
All this with an MCAP of a little over £3m. Time to see some upward momentum.

The investors who have been here for 2 or more years know the score here. VELA needs time, as nothing happens quickly and we certainly don't bank on an RNS meaning a deal is done or money is in the bank.
For the new investors caught up in the twitter ramping, don't throw the kitchen sink in on this rise as it will level off and like many long time investors here you might need to sit on your shares for a good while.

Good old leaky AIM market.
Its good news for holders (good to see something is actually happening), however, I will celebrate once AZD1656 is sold as we have seen far too many dangling carrots in the last 24 months that turned out to be a non-starter.

Sadly its just another "potential takeover" that ensures Scott Kaintz gets paid for another year!
By the time any takeover happens CZN will have borrowed so much money the shareholders will get nothing.

I cant argue with that. It does appear that the institutional investors got the benefit of a real, positive PR campaign compared to retail buyers. On a positive note, it does at least look like the majority of shares from the offer will be held by institutions which should mean a bit more stability for the SP in the coming weeks/months.
Onward and upward. Hopefully we all come out of this with a few quid!

In fairness, retail investors had to do a bare minimum amount of DD to review the offer and decide to make a purchase (via their brokers). I would rather that than have a flood of twitter investors dive in thanks to some ropey online promo.
Looking forward to seeing the SP move up once the dust has settled here. The drop was overdone given the amount of contracted future business and the opportunity for growth with additional cash in the bank.

I wonder whether we are seeing a bit of selling with retail buyers aiming to pick up shares in the subscription. Its a risky strategy given the subscription could be oversubscribed with orders scaled back as a result (IE: you dont get what you want and then have to buy back on the open market which should climb once the dust has settled).

No matter how good the numbers look, a few folk are happy to get robbed and offload shares at this level. Just a case of waiting until the sellers run out and off we go.

A few "chartists" were doing a bit of social promo (pumping) on twitter earlier, so perhaps a few unsuspecting donors have dived in with their eyes closed.
Some good news would be nice (although I would be annoyed if it had been leaked before shareholders got a sniff of it)

I got that one wrong. Retail offer going straight in at 1p. The situation is less than ideal for long term holders who have had a shocking week but fair play to the BoD for giving the retail investors the same deal as the institutions.

It will be interesting what the retail offer is later this month. I have a strong suspicion they will take the average trade price since the fundraiser announced yesterday, in which case the offer will be north of 1.2/1.3. It could potentially be much more if the SP rises over the next few days but that is yet to be seen (fingers crossed we see a climb as there are not many shares available pre placing).

Brilliant. Just what VELA needs. Truspine getting into a battle with their consultant about who owns the IP for their inventions!

Sadly the existing shareholders have taking a real kicking today, however, its cash in the bank for LST and the traders will likely push the SP back up over the next week or two taking a few percent here and there on the way.
The drop was pretty severe even for AIM standards so I cant see the SP staying at sub 1.5 levels for very long (if at all if tomorrow is a decent day).