Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Also the applicant in Sheffield is the University, so would imagine this is follow-on research from:
FlexJET – Europe – 2018 – 2021
Partners: University of Birmingham, Sheffield University, WRG Europe, Green Fuels Research, University of Bologna, ETA-Florence Renewable Energies, Fraunhofer Umsicht, Susteen Technologies, BIGA Energie, Hygear, SkyNRG, LEITAT
It's not a metrics stock tug it's a story stock. The bear thesis is 0, the bull thesis is in the £s. Saying this belongs at 6p is nonsense. Sentiment and build back better will probably make this rise before more news comes regarding Altalto, so if you're hoping for a drift in price to buy in before that happens it's a dangerous game to play...
I like ITM, but £200k revenue and loss of £10m does not a £3.3billion company make. There is so much growth already priced in that I am not sure what crystal ball the buyers at the moment are looking in to.
I like ITM, but £200k revenue and loss of £10m does not a £3.3billion company make. There is so much growth already priced in that I am not sure what crystal ball the buyers at the moment are looking in to.
Difficult to say nothing to do with stonkers. When the shorts get burned (or more accurately as they are being burned), they need to keep more liquidity in their accounts to cover losses. This means they often need to sell out of other stocks. If it is stonkers, this will just be a temporary effect on the price. Given the news that this has come to the attention of Biden and the SEC, there must be a lot of money being moved. Probably why we are seeing shares across the board being suppressed.
Just to mention, GEVO in July last year were worth in a similar ballpark to the value of Velocys now. They have Biden's ear and they are now worth 20x more. Biden will push SAF and GEVO and the UK will follow on the coattails with VLS IMO. The best way for the UK to distract people from the calamity of Brexit is a big infra funding spree...
Also, for projects like SkyNRG’s DSL-01 in the Netherlands, Shell has an option to buy SAF, which it would then sell to airlines. Here BA is already involved. Shell is an unnecessary intermediary
Nice post, but disagree about delaying the project. FEED is outsourced, plenty of liquidity available for good projects. If BA were to pull out then would agree, but if the financing gets secured, it means a bigger slice of the pie each for BA and VLS.
Even more laughable is you speculate the bear thesis and then mention your plan to buy back in
@InvestorJimmy there is no such thing as an accurate valuation of Velocys, so don't know how you magically get to your 2.5.
If you have a bear thesis the accurate valuation is 0. If you have a bull thesis the accurate valuation is 100*a risk factor due to timescales/funding. DYOR and everything in between is a justifiable valuation given your opinion.
The more interesting talking point is why GEVO is 15x the market cap of VLS...
Enerkem makes bioethanol, Velocys makes jet fuel.
On the statement: "If they thought it was going to be a massive success they wouldn't have backed-out of the partnership."
Anyone who has worked with Shell (as I have on some projects) knows that there is a very disjointed silo-based management structure and a world of internal politics. Considering the December management change, I am not surprised that they have pulled out. I for one will continue to hold.
They were not financing the project anyway, and Enerkem is on a much shorter timescale since they already have a commercial bioethanol plant. One of the few times I agree with XPB: Shell pulling out makes no difference financially.
A stop loss says if a trade happens below your price put in a sell order. You don't know what the price will be and if you use them to catch large intra day falls you will probably sell below that price. IMO the only time you want to do this would be to catch company destroying news (since you assume no recovery), or to protect large profits.
It's also understandable as it is not clear what Shell brings to the collaboration, since VLS own the technology, BA will be buying the fuel, the FEED is outsourced, external parties are sought for the plant financing.
Understandable that Shell want to focus on their own technology. Buying into Altalto would not have let them acquire VLS technology for more plants. Could be that Shell were looking to take a bigger piece of the VLS pie and Velocys are feeling like they can succeed on their own. Idle speculation of course...
GEVO looks good on the face of it. They have a surprising market cap given their stage, but you could say that about a lot of speculative renewable plays atm. Their corporate structure is a bit weird though. You can only trade in class D I believe. And they seem to have a CEO and "President"...
As a LTH on NEL and AFC, I would think the orders will come in slightly different markets. At least in the short term. The big NEL orders (apart from providing electrolysers for oxygen on trident submarines) come from on grid H2 production for heavy fuel users.