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

By Steve Moore | Wednesday 24 May 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.


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?

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