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