The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Exp, you mean I called it, why thank you.
Exp. you have been right often but this is not your best work. I would say the more pressing issue is that October is nearly over and VLS still haven't announced further funding. Just a hunch that we will not have good news about this, and they don't have much cash runway left.
Charliesmith technicals don't mean much when the fundamentals are this bad.
That is a big if and if that happens it won't be for e 2.5p price that was mentioned in the offer. It will be what ever the current price is at the time or lower. Putting the share price locked in at current levels for a very long time. They need revenue, a lot more and soon.
What a waste of screen space, filtered that immediately.
JP Morgan says yes, the markets say no. The major bank and broker ratings are a very poor tool for investing, mostly because I just don't trust their intentions. IMO
No response from the VLS investor relations team. Two emails sent. Either they are on leave or not able to take the heat and hence been told to ignore the hard questions.
Free falling with no floor, sub 10 coming up.
Not long now till some bad news rolls in. This level of price fall does not happen without a reason. Looks like the gravy train has come to a halt for the p1s.s taking bosses.
It did well to reach 130p from previous lows. At little bad news is what was needed to get back to sub-100 again. The news was not catastrophic so the SP will soon recover.
I have been waiting patiently for an entry point like this. Perfect!
Something tells me they cannot find the money for CDC and the US listing will not happen.
Multibaggerjim hilarious.
Looks like we are going to hit record lows on the SP soon. Well and truly effed.
GG, very well written, worth a standing ovation! The only significant change to take place with Velocys is the dramatic stock price plunge. In four months they could not find any matched funding. If (and a massive if) they can, it wont be at 2.5p, it will be closer to the 1p mark and VLS will be stuck way down there for a very long time, years! Why would institutional investors invest when they can see were a massive chunk of the investment will go, directly into the bosses pockets. f that.
If it wasn't for the ridiculous spreads, this could be a good entry point or price to average down.
Of course they need an extension for Carbon Direct Capital, because nobody is interested in backing these clowns. Burning through cash their last cash reserves at what appears to be 2 million per month, insane!
Chattty I absolutely have a clue. Stock prices rarely rise and fall this heavily for no reason. Currently there has been no RNS to justify a 70% drop in one month. The news has all been positive. But I am not claiming to have all the answers. What is your expert opinion?
Clear insider trading here from those with the right connections. It couldn't be more obvious.
Just over three weeks left to find matched funding to close the Carbon Direct deal. It's been very quiet since the May 19th announcement. If Velocys pull it off, at what price will the deal close. I cannot see Carbon Direct paying 2.5p at the current levels. For this reason I expect a new long term bottom to form. And if they don't find funding, well run for the door.