In the first four months of FY20E the Group secured contract renewals, new aerospace qualifications and won new business. This strategic progress was impeded by the onset of COVID-19 and resultant short-term demand reductions. Despite current macroeconomic instability the long-term fundamental drivers supporting Velocity remain compelling.
21 May 2020
Cenkos: Velocity Composites Plc -- Compelling long-term fundamentals
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Cenkos: Velocity Composites Plc -- Compelling long-term fundamentals
Velocity Composites Plc (VEL:LON) | 29.5 0 0.0% | Mkt Cap: 15.8m
- Published:
21 May 2020 -
Author:
Cavendish Research -
Pages:
8
In the first four months of FY20E the Group secured contract renewals, new aerospace qualifications and won new business. This strategic progress was impeded by the onset of COVID-19 and resultant short-term demand reductions. Despite current macroeconomic instability the long-term fundamental drivers supporting Velocity remain compelling.