Velocity Composites – argues ‘benefits from investment in growth’ to come through… it looks to need to!
By Steve Moore | Tuesday 24 January 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?
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