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Vela – Broker Note Vicarage Capital

By Tom Winnifrith | Sunday 10 May 2015


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.


Vela (VELA) is a stock that we have tipped on HotStockRockets and it looks an interesting play. The shares are 0.2p and I reckon that NAV could well be in excess of 0.5p. Of course most of investments are illiquid private companies so the shares will always trade at a discount to NAV but the current discount seems excessive.


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