Velocity Composites – interims emphasise “continued to make operational progress”, so not financial progress then?…

Most recently on self-described “leading supplier of composite material kits to aerospace” Velocity Composites (VEL), last month with the shares up to 14.5p I wrote including that, with the noted lower adjusted EBITDA, it will be interesting to see the 24th June-scheduled half year results to 30th April 2026 detail for the full balance sheet developments and still avoid. What of now those results and the shares currently falling towards 13p?

Velocity Composites – ‘shipments phasing’ delays or worse?…

Most recently on self-described “leading supplier of advanced composite material kits to the aerospace market” Velocity Composites (VEL), in November with the shares at 17.5p I reviewed why a more than 20% further share price fall and concluded to still avoid/sell. The shares most recently closed at 13.25p, but what about them currently more than 9% higher at 14.5p on the back of a trading statement?

Velocity Composites (#VEL) – states “continue to trade in line with full year expectation” but H1 “expected revenue of £8.4 million (H1 25: £10.4 million)”

Velocity Composites – “adjusted EBITDA for FY25 is expected to show a significant improvement”, so why a more than 20% further share price fall?…

Most recently on self-described “leading supplier of advanced composite material kits to the aerospace market” Velocity Composites (VEL), in May I wrote ‘after I asked whether contract announcement last week was attempted ramptastic, now a “Trading Update” share price fall’ which concluded to avoid with the shares falling back down below 24p. The shares most recently closed at 22p and what of them now at 17.5p on the back of a “Trading Update”?

Velocity Composites – after I asked whether contract announcement last week was attempted ramptastic, now a “Trading Update” share price fall…

Last week on self-described “leading supplier of advanced composite material kits to the aerospace market” Velocity Composites (VEL), I questioned whether a contract renewal announcement was attempted ramptastic ahead of recent half year-end financial detail as the shares rose to 26p. So what of the shares now back down below 24p on the back of a “Trading Update & Notice of Results” announcement?

Velocity Composites – emphasises contract renewal with “the UK's biggest defence contractor”, but the announcement attempted ramptastic?

Describing itself as a “leading supplier of advanced composite material kits to the aerospace market”, Velocity Composites (VEL) has announced “Renewal of BAE Systems Contract”, emphasising this “for a further three years… with the UK's biggest defence contractor”. So what’s the details in relation to a current more than 10% higher Velocity Composites share price response to 26p?

Velocity Composites – “Trading Update”, how’s that prior “to achieve profitability and be cash generative in H2”?…

Previously writing on “leading supplier of composite material kits to aerospace” Velocity Composites (VEL), in July with the shares up to 41p I noted it stating “on track to achieve profitability and be cash generative in H2” but, including with the interims showing another loss, I remained cautious including on the financial position and still avoided. The shares most recently closed at 44p, and what of now a “Trading Update”?

Velocity Composites – interims show another loss, to be profitable and cash generative in the current half-year?

Describing itself as a “leading supplier of composite material kits to aerospace”, Velocity Composites (VEL) is today “pleased to announce the company's unaudited results for the six months ended 30 April 2024” and that it “is confident that it will meet market expectations for the full year”. So what of a current up to 41p share price, though still down from exceeding 60p in early 2023?

Velocity Composites – “pleased to announce” appointment of an additional broker “with immediate effect”. Now, why is that likely to be?

Describing itself as a “leading supplier of advanced composite material kits to the aerospace market”, Velocity Composites (VEL) today “is pleased to announce the appointment of Dowgate Capital Limited as the company's Joint Broker with immediate effect”. Hmmm, now why is that likely to be?

Velocity Composites (#VEL) – appointment of a joint broker, Dowgate Capital. Now why might that be?

Velocity Composites – equity raise last week, now Finance Director “stepped down… with immediate effect”?!

An intra-day, 2:46pm, “Directorate Change”-titled announcement from Velocity Composites (VEL), including that “Adam Holden has stepped down from his position as Group Finance Director and Company Secretary”. Hmmm…

Velocity Composites – “pleased to announce” further shares subscription, how much difference is it to make?

Self-described “leading supplier of composite material kits to aerospace and other high-performance manufacturers”, Velocity Composites (VEL) “is pleased to announce… additional demand from a strategic investor to invest £190,000 by way of a conditional subscription for 475,000 new ordinary shares… The net proceeds from the additional subscription will, together with the net proceeds from the fundraising, be used for CAPEX, people (engineering, software and business development) and working capital for expansion”. What of this, with the shares currently at 42p?

Velocity Composites – discounted equity raise, how “pleased” should it be?…

Self-described “leading supplier of composite material kits to aerospace and other high-performance manufacturers”, Velocity Composites (VEL) notes £6.2 million it “is pleased to announce that it has conditionally raised… Furthermore, the company announces a retail offer to raise up to £0.5 million”. How ‘pleasing’ is all of this for shareholders?

Velocity Composites (#VEL) – proposed placing and subscription for £6.2m and REX retail offer for up to £0.5m at 40p per share

Velocity Composites – half-year trading update, benefits from “investment in growth” to come through?

Previously writing on company describing itself as a “leading supplier of composite material kits to aerospace and other high-performance manufacturers” Velocity Composites (VEL), in January with the shares down to 60p I concluded still much to do to deliver and with also its financial situation I avoided. What then now with the shares currently at 42p on the back of a trading update, though that up from a sub 40p prior close?

Velocity Composites – argues ‘benefits from investment in growth’ to come through… it looks to need to!

Describing itself as a “leading supplier of composite material kits to aerospace and other high-performance manufacturers”, Velocity Composites (VEL) states that it “is pleased to announce the company's audited results for the twelve months to 31 October 2022”. The shares have though currently responded more than 6% lower to 60p, so how ‘pleased’ should it be?

Velocity Composites – “a major milestone” agreement?

Velocity Composites (VEL) has announced what it emphasises as “a major milestone” – “the signing of a five-year Work Package Agreement with GKN Aerospace in the United States expected to be worth in excess of US$100 million in revenue over five years”. What of a current share price response up more than 57% to 42.5p?

Velocity Composites (#VEL) – expects FY even EBITDA loss, cash down to £2.3m

Velocity Composites (#VEL) – expected over $100m revenue five-year agreement with GKN Aerospace, what about bottom-line?

Velocity Composites – trading update, how’s the balance sheet now?

Aerospace and high-performance composite material kits company Velocity Composites (VEL) has announced a trading update including that it “is pleased to report that Velocity's sales for H1 FY22 are in line with management expectations at £5.9 million (H1 FY21: £4.4 million)… look forward to the future with confidence in the long-term prospects”. The shares have currently responded up towards 20p, though are still well down on levels of early this year.