On it previously updating last month, I noted on the directors of Veltyco (VLTY) “continue to actively explore further appropriate sources of capital”, forget “to reduce it liabilities and to provide general working capital” first, it looks needed just to further keep the lights on! Now “Potential Bet90 Acquisition”…
Previously writing on Veltyco (VLTY), in September I noted the shares rising above 4.5p though it’s ‘keep the lights on’ funding – and possibly still not for very long and it still, even from an increased to £3.75 million market cap, remains good luck! – I certainly continue to avoid. Today a “Trading Update” commencing; “Trading within the group's Bet90 sportsbook and casino business, in which Veltyco has a 51% interest, continues to be in line with management expectations, with Bet90 achieving its highest revenues since launch”. The shares have currently responded, er… to around 1.875p, approaching a further 50% lower on the day!...
“Convertible Loan” news online marketing and operating company for the gaming industry, Veltyco (VLTY) “is pleased to announce” – with the announcement including “the convertible loan is convertible at any time by the noteholder at a price of 8p per new ordinary share… the convertible loan will automatically convert into ordinary shares if the closing mid-market price of an ordinary share is 15p or more for 25 consecutive business days”. Ooooh – 8p and 15p hey!, with the shares then 3.2p – they currently rising above 4.5p. However…
Previously writing on online marketing company for the gaming industry Veltyco (VLTY), at the end of May I concluded with the shares at 3.75p I bet “the directors continue to explore appropriate sources of capital”! Though with the shares around these levels, it’s still, on a meaningful here scale, good luck with that!. Natch, still currently a sell / bargepole. Now an “Update re trading and financial position” intra-day (12:12pm). Uh oh…
Writing earlier this month on online gaming and marketing company Veltyco (VLTY), I questioned “able to continue to meet its liabilities as they fall due”. Today a “Share Subscription” announcement…
Previously writing on gaming industry online marketing company Veltyco (VLTY), last month I questioned directors provide bailout loans… but what about after more than a few more months?. Now a “Trading Update”…
“Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that it has entered into separate loan agreements with three of its directors, being Paul Duffen, Marcel Noordeloos and Mark Rosman, pursuant to which each director will provide a loan of €166,667 to the company”. ‘Keep-the-lights-on’ funding then… and for how long?...
Last month, previously writing on Veltyco (VLTY) it was updates on launch of own financial trading brand – delay, or worse?. Now a “Subscription, Receivables Update and Board Changes” announcement…
An “Update on launch of own regulated brand” announcement from Veltyco (VLTY), that “further to its announcement of 22 November 2018”…
Previously writing on Veltyco (VLTY), with the shares heading towards 50p in July, I concluded it was the developing receivables / cash flow position making the team uneasy that resulted in the HotStockRockets sell call and that the concerns remain - and the stance remains to avoid. Now an “Update on receivables and operations”…
A bad day for diversity as AIM loses a female CEO in the form of Melissa Blau at Veltyco (VLTY). No doubt our wretched Prime Minister Theresa may will be cross about this but folks who care about weeding out failures and rewarding talent rather than daft quotas will not be crying. The question is whether Veltyco’s statement is true or not. Methinks it is not.
A previously successful tip on the Nifty Fifty, the HotStockRockets team thought shares in Veltyco (VLTY) again looked to represent an opportunity earlier this year - but apologised and moved to sell at 73p in June. The stock last closed at 64.5p – but is currently heading towards 50p on the back of a “Trading Update”…
A Trading Update from Veltyco Group (VLTY) a few weeks ago noted, following continued “strong” trading in December, results “significantly ahead of market expectations”. However, having exceeded 100p last year, the shares are currently available at 89p to buy and this looks to represent an opportunity ahead of April-expected results. BUY at 89p with a target to sell of 125p.
At its AGM in the tax haven and cultural desert that is the Isle of Man, Veltyco (VLTY) was in bullish mood. The brief statement reads:
Veltyco (VLTY) has announced results for the 2016 calendar year and that it “is confident that the group will continue to deliver strong growth”…
Veltyco (VLTY) has announced a €2.55 million subscription for new shares to fund two acquisitions which it argues represent “an exciting opportunity… to grow its business by building on existing online betting brands, using its expertise in online marketing combined with award winning sportsbook technology”…
Our 35p offer price share tip of Veltyco (VLTY) last month is looking good after another cracking trading update. There is more to come.…
In the current market environment, it is rare to find an ‘ahead of expectations’, growing company on a low prospective near-term rating. However, that is the case with Veltyco Group (VLTY)
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