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Hardly worth the wait. Looks like the plan is as predicted. Continue too sell all investments to pay the wages and hope CDT comes too the rescue.
Weird their net assets liquidate to £5.5m but their market cap is only £1.99m
Should be +276% more 🤔 & that’s without any of their investments kicking in ..
HUGLY UNDERVALUED
Yeah not sure why that has taken 10 weeks to release!
And yes, continue to sell investments to pay the wages and overheads. Another quarter of decreasing values.
Hopefully some investments will take off and we get out of this downward trend.
Yes THGambler ...but they must have spent ages just writing how much they've been doing...talking to all the companies they're invested in...er that's it
Knowing this share though it'll probably shoot up in value now....or not
No surprises and maybe 1 day of work with checks to summarise this summary. In the past I have been forgiving of the BoD as the market changed and their area of investment was exposed. However, the disregard to shareholders in the uinexplained and seemingly unjustified delay in releasing of this summary is a clear F U to all holders. Truly pathetic and feeble behaviour shining a light on BoD efforts.
I agree. The quarterly report was introduced purely too increase shareholder engagement. The lack off effort and delay in producing this report is in my opinion having exactly the opposite affect. It's shows exactly what BF and JN think of shareholders. The SP is only undervalued on paper. The SP reflects their investment choices and any future prospects. I do not know their financial positions but they are getting paid £5k a month too do nothing. Surely a director buy is now not beyond them.
I got bored of constantly complaining about the BoD a while back and have tried to give it a rest but my big concern is that UJ correctly points out the sp is where it's at purely because of their performance in terms of communication, vague and confusing RNS's from time to time that leave more questions than answers (remember the Laiker deal everyone?) and lack of a clear and communicated plan / goals. Which is where my big concern nowadays is, what are they actually working towards? It doesn't seem to be about creating positivity and creating shareholder value, maybe by director buys or a mission statement of some sort about where they want to take things. We all know they're effectively skint in that there's nothing there for new investments which sets people wondering if there will be a raise. So the only conclusion we're left with is that they're actually doing nothing at all, just waiting with fingers crossed for the Americans to come to our rescue with CDT. Nice work if you can get it
Also the fact that it's update day and there's been 1 tiny transaction in the first couple of hours trading says it all really. The market collectively shrugs it's shoulders, no one's bothered
The market is scared of another dilution after what happened earlier this year!
I think vela is going to take off,its due to fly. Good luck,:))))))))
And what, may I ask, is your basis for that assessment? Yesterday's blockbuster RNS? The slow decline in the CDT sp? Or blind optimism? You're no newbie yourself here, you know as well as the rest of us that Vela's not 'due' to do anything other than hope CDT perks up and some optimism in general creeps back in to our economy. That's the only thing that'll shift it
Ive just got a feeling,yes its blind optimism,its all about timing,:))))))
Most have a feeling there will be another placing 🤣
I actually agree, if you can afford to hold,hold! Got a few quid in and can afford to so keep the faith if it goes tits up so what but hay that’s life! Will check out at 50k good luck
So many people sayjng this is going to fly....wow. I am a LTH and it is flying like a stone and now it's just a joke.
Should’ve done due diligence on Vela BoD!
When JN came on board the optimism was high as he had a good track record...what kind of due diligence should people have done?
I would expand on this by asking whether Vela BoD do any DD on the intended investee companies before investing? At least half the investments should not have ben made (clearly so at the time, not in hindsight), so I guess the answer is no!
I think they use the old method of a list of companies and a pin
Probably a huge solid gold pin
Extremely tempting to pull the plug on this now that the only asset of any real value is nosediving - perversely Vela are slightly up on the day so far but another poor day for CDT and I imagine this will follow suit. Just can't see where any good news can from at the moment, the board certainly haven't offered any hint of any in that last RNS. Miserable, miserable Vela
@BigDave, that's why you should care what happened with Truspine.
The Investment Policy says - In order to mitigate investment risk, the Directors will carry out a thorough appraisal of each potential investment. This appraisal may include site visits, analysis of financial, legal and operational aspects of each investment opportunity, meetings with management, risk analysis, review of corporate governance and anti-corruption procedures and, where the Directors see fit, the seeking of third party expert opinions and valuation reports. Vela will not have a separate investment manager.
If they had such close eyes on Truspine they would never have got in to that muddle about subscribing. a mistaken commitment, Peterhouse distancing themselves, investing after all but with missing warrants.
Yep, we can agree on that point for sure.