Vela Technologies: Rough notes from RNS'

VELA Current Investment Value:



Social Superstore:

10/08/2015 RNS:


“£10.0 million pre-money valuation”

“Following completion of the Fundraise Vela has an interest in approximately 1.89% of the fully diluted share capital of The Social Superstore.”


1.89% * 10,000,000 = £189,000


Including the £1.75m pre-fund raise this gives an implied valuation of £222,000



Blockchain Tech limited:

06/11/2015 RNS:


“Vela holds a c. 5% equity interest in the fully diluted issued share capital of BTL Group which continues to be listed on the TSX Venture Exchange.”


MCAP of BLT:
https://www.google.co.uk/finance?q=CVE%3ABTL&ei=o8iUVqmoCsaLUIiepLAP


Date of writing (12/01/2015):

BLT MCAP = $7.53m (or £3.64m)


5% * 3,640,000 = £182,000




Portr:

09/12/2015 RNS


“Vela currently has an interest in approximately 3.4% of the issued share capital of Portr. Vela announced on 31 July 2015 that Portr had completed a £3.3 million Series A funding round which valued Vela's shareholding in Portr at approximately £525,000, based on the price of the Series A fundraise.


= £525,000



Stream TV:

04/12/2015 RNS:

“Vela made a minority investment of $100,000 in StreamTV in October 2013 by way of a convertible loan note. The loan notes accrued interest at the rate of 12% annually until 31 December 2014 and are currently accruing interest at the rate of 13% annually. The final maturity date on the loan notes is 1 August 2016.”


£100,000 + £12,000 + £13,000

= £125,000



3Legs Resources:

04/11/2015 RNS


“Vela holds 23,500,000 shares in 3Legs which represents 3.80 per cent.”

3LEGS Market Cap (£1.96m at date of writing):
https://www.google.co.uk/finance?q=LON%3A3LEG&ei=UcuUVqGcAcbLU8DghugB


3.80% * £1,960,000

=£74,480



Disruptive Tech Ltd:

05/05/2015


“Vela acquired 262,090 shares in DTL in August 2013 equating to a 0.63% interest in DTL's issued share capital.”


15/08/2015 RNS:

“The investment of £250,000 will give Vela an interest of 0.63% of DTL's issued
capital.”


£250,000




Advanced Laser Imaging Ltd:

10/12/2013 RNS:


“Vela has a £75,000 6.25 per cent. shareholding in
ALI.”


£75,000



Rosslyn Data technologies:


2015 Annual Report:

“0.53% equity interest”

MCAP (£9.44m):
https://www.google.co.uk/finance?q=LON%3ARDT&ei=ArSUVovBIcaLUIiepLAP


£50,032



Assets Total: £1,470,512


Cash at last half year report (2015): £138,000

Vela Tech. Technical Analysis (04/01/2016):

Disclaimer: I don't have a licence to distribute financial advice, etc.



Happy New Year!

My proprietary charting software is throwing a wobbly with my Mac's latest update, so these are Yahoo Finance charts:

Zoomed in:

• In this zoomed in chart, the most encouraging upside technical argument is the break of the upper Bollinger Band and the companying upwards implied surge in volatility.
• The relative closeness of the daily close to the upper band is a positive sign as it suggests a smoother run to the upside over a longer period of time as opposed to a short term price spike.

Zoomed Out View 1:

• The first of our zoomed out views helps to illustrate the lack of price resistance to the upside from the current levels. This helps to create an environment where there is little to stall a sustained rise in the share price for the current levels.
• After the break of the small amount of resistance at 0.275, the next resistance levels are placed at 0.35, 0.45 and 0.52

Zoomed Out View 2:

• I've added an RSI here as I am aware that many traders on the AIM use this as an indicator - in my experience, the RSI can be very overbought or oversold in any direction for long periods of time in the micro cap stocks - the lack of algorithmic driven trading plays a large part in this.
• While I don't personally use the RSI in my regular trading activity, the movement through the 50 level is especially encouraging as it corroborated the upside bias expressed in my above Bollinger Band analysis and suggests more upside potential from these levels.

My conservative shorter term targets would be ~ 0.52p resistance level, with the sky being the limit over the medium and longer term as news flow begins to blossom into the new year - the 3D TV investment is particularly exciting, in my opinion!

The only potential downside I could see here would be if any fundraising was carried out (which I highly doubt, because they had at least six figures of cash when I last did a fundamental check) at these levels.

Enjoy,

The Masked Stock Trader