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Velocys PLC Ord 1P (VLS)

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19-Jun-2020 07:54 AM

Velocys expects losses to narrow after slashing costs

Alternative fuels group Velocys said it expected to report narrower annual losses after it slashed administrative costs. Operating losses for the year through December would amount to £9.8m, before exceptional items including a credit of £0.1
18-Sep-2019 07:45 AM

Velocys books fist-half loss as it commercialises alternative fuel technology

Alternative fuel company Velocys booked a first-half loss as it continued to commercialise its reactor technology. Pre-tax losses for the six months through June amounted to £4.6m, compared to losses of £25.0m on-year. '2019 has been a
26-Sep-2018 07:40 AM

Velocys losses deepen on increased bio-fuel project spend

Renewable fuels company Velocys said its first-half losses more than doubled as it continued to spend on the development of bio-fuels projects in the US and UK. Pre-tax losses for the six months through June amounted to £25.0m, widening from losses
23-May-2018 03:00 PM

Velocys losses deepen after £35m write-down

Renewable fuel company Velocys said its annual losses deepened after it wrote down the value of its assets to the tune of £34.6m. Pre-tax losses amounted to £55.3m, compared to £14.1m of red ink in 2016. 'I believe we will look ba
02-Feb-2018 01:30 PM

Broker Forecast - Numis issues a broker note on Velocys

Numis today reaffirms its buy investment rating on Velocys (LON:VLS) and cut its price target to 35p (from 107p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
02-Feb-2018 08:00 AM

Broker Forecast - Canaccord Genuity issues a broker note on Velocys

Canaccord Genuity today reaffirms its speculative buy investment rating on Velocys (LON:VLS) and cut its price target to 40p (from 80p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
29-Sep-2017 07:58 AM

Velocys sales down

Velocys said revenue fell to £0.2m (H1 2016: £0.5m) in the six months ended 30 June 2017. HIGHLIGHTS Key milestones at ENVIA Energy's Oklahoma City plant, the first smaller scale, commercial gas-to-liquids plant in the world include: -
18-Sep-2017 01:43 PM

Velocys enters into renewables partnership

Velocys has announced that it has entered into a partnership to prepare the business case for a commercial scale waste-to-renewable-jet-fuel plant in the UK. The Company said it will lead this initial feasibility stage of the project, for which all membe
27-Jun-2017 08:40 AM

Broker Forecast - finnCap issues a broker note on Velocys

finnCap today initiates coverage of Velocys (LON:VLS) with a corporate investment rating and price target of 144p. Story provided by StockMarketWire.com...
22-Jun-2017 01:53 PM

All resolutions passed at AGM of Velocys

Velocys has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 1:53pm: (LON:VLS) Velocys share price was 0p at 48.5p Story provided by StockMarketWire.com...
22-Jun-2017 07:49 AM

Velocys notes busy year in 2016

Velocys said 2016 was a busy year of change for the company as it moved towards becoming a renewable fuels company. CEO David Pummell said in an AGM statement that Velocys had invested significant effort into the commissioning and start-up of ENVIA Oklah
26-Apr-2017 01:09 PM

Velocys non-exec steps down

Velocys has announced that Mark Chatterji, a Non-Executive Director of the Company, has stepped down from the Board with effect from 25th April 2017. At 1:09pm: (LON:VLS) Velocys share price was +6.5p at 64p Story provided by StockMarketWire.com...
03-Mar-2017 07:20 AM

Velocys confirms strategic alliance with Morimatsu

Velocys has signed a definitive agreement covering its strategic alliance with Morimatsu (Jiangsu) Heavy Industry Co., Ltd., a subsidiary of Morimatsu Industry Co., Ltd. This agreement confirmed the previously announced MoU between Velocys and Morimatsu.
26-Sep-2016 02:20 PM

Broker Forecast - Canaccord Genuity issues a broker note on Velocys

Canaccord Genuity today reaffirms its speculative buy investment rating on Velocys (LON:VLS) and raised its price target to 110p (from 95p). Story provided by StockMarketWire.com...
27-Apr-2016 07:52 AM

Velocys narrows FY pretax loss

Velocys has narrowed its FY pretax loss to GBP21.1m, from a year-earlier loss of GBP23.3m, mostly due to administrative expenses. Revenue was GBP2.0m, from GBP1.7m before exceptional items. CEO David Pummell said: "From my first few months as CEO I
22-May-2015 02:17 PM

Velocys sets AGM date

Velocys has confirmed that the annual general meeting of the Company is to be held at 10.45 a.m. on 23rd June 2015 at a new venue; the Milton Park Innovation Centre, 99 Park Drive, Milton Park, Oxfordshire, OX14 4RY. At 2:17pm: (LON:VLS) VELOCYS ORD 1
28-Apr-2015 09:59 AM

Velocys widens FY pretax loss

Velocys has widened its FY pretax loss to £23.3m, from a year-ago loss of £18.0m. Most of the losses were due to administrative expenses, which totalled £25.6m, from £19.6m. At 9:59am: (LON:VLS) VELOCYS ORD 1P share price was -8p at 138p Story p
09-Jan-2015 09:14 AM

Velocys appoints senior independent director

Velocys said its board director Julian West has been nominated as company senior independent director with immediate effect. At 9:14am: (LON:VLS) VELOCYS ORD 1P share price was +0.25p at 134.5p Story provided by StockMarketWire.com...
27-Mar-2014 07:54 AM

Velocys widens FY pretax loss to £18.0m

Velocys widened its FY pretax loss to £18.0m, from £10.8m. Revenue was £4.8m, from £7.6m. Total administrative expenses were higher and included £10.5m of unfunded R&D costs, form £7.0m. Chairman Pierre Jungels said 2013 was a strong year for Veloc
24-Mar-2014 07:43 AM

Velocys in JV to develop gas to liquids plants in US

Velocys, the technology innovator for smaller scale gas-to-liquids (GTL), has entered a JV with Waste Management, NRG Energy (NRG), and Ventech Engineers International (Ventech) to develop gas-to-liquids (GTL) plants in the United States and other select
06-Jan-2014 07:25 AM

Velocys to sell commercial Fischer-Tropsch reactor

Velocys, the technology innovator for smaller scale gas-to-liquids (GTL), has executed an agreement for the sale of a commercial Fischer-Tropsch reactor to a customer in the Commonwealth of Independent States. The 175 bpd reactor, with accompanying cata
 
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