Vela Technologies - VELA Stream Log

Social Superstore news .... highlights of RNs ...... successfully raised a pre-Series A funding round of £1.75 million at a £10.0 million pre-money valuation ...... Vela has an interest in 71,429 Social Superstore Shares which have a paper value equivalent to approximately £222,000 at the price of the Fundraise. Following completion of the Fundraise Vela has an interest in approximately 1.89% of the fully diluted share capital of The Social Superstore. Vela originally invested £100,000 in the £1m seed fundraise undertaken by The Social Superstore in May 2014 which resulted in Vela holding 71,429 Social Superstore Shares. This fundraise was undertaken at a £3 million pre-money valuation............... With a further valuation event from an investee company, the board of Vela hopes that investors will be able to better understand the underlying value of the portfolio. Based either on such valuation events or the market value of portfolio investments, the board of Vela believes the underlying value of the portfolio is significantly higher than the value attributed to Vela at this current time."

Came across this regarding Portr .... Vela's shareholding in just this one investment could be worth much more than Vela itself. It's already been valued by investors at 60% of the Vela market cap ..... wakey wakey [link]

As I recall, the current management actually rescued a company that was bust. Whatever happened before is nothing to do with them.

More news out from Vela ..... Portr raised £3.3m valuing Portr at £15.3m .....AND Hargreave Hale, considered to be one of the smartest investors in small and mid caps is investing in Portr. Clearly they think Portr has the potential to be worth many times the value of their investment. Portr's value represents most of the market cap of Vela so investors could invest in Vela as a proxy for investing in Portr ..... interesting

Good morning

Hopefully you will have seen this morning's Corporate Update by Vela.

Here is a link

[link]

I also would like to highlight the RNS Reach of 9 April where we notified the market that Vela Technologies would be exhibiting at the UK Investor Show this coming Saturday.

Subject to resolving some logistical issues, we are hopeful that we will be able to demonstrate the StreamTV 3D technology – no glasses required.

Brent and I look forward to welcoming shareholders and others alike that are interested in Vela

Antony Laiker
Executive Director
Vela Technologies Plc

Posted on ADVFN

Posted on ADVFN

Newsletter Archive Update Archive HotStockRockets share tip of the Month – Buy Vela Technologies at 0.16p – target 0.25p to sell At the bottom end of AIM there are a raft of investment companies most of which are absolute POS lifestyle companies. It is all too easy to write the lot off as vehicles to allow useless directors and City parasites to milk the gravy train, if that is not mixing metaphors. But there is the odd nugget of value and that brings us to this month’s share tip of the month, Vela Technologies (LSE:VELA). Vela trades at 0.15p-0.16p capitalising it at £720,000. As at September 30th net assets (its investment portfolio) were £810,000. Allowing for £90,000 of running costs in the second half (quite low for this sort of casino stock) but adding in a placing of £300,000 since we reckon that net asserts should be a minimum of £1.11 million. But actually that number is wrong. There is the odd dog in the portfolio. Vela owns a few shares in Rosslyn Data which Tom Winnifrith has just reported to the FCA. But mist of Vela’s investments are unlisted but are close to getting a realisation either via trade sale or IPO. The firm is run by Antony Laiker a very switched on veteran City operator and he seems to have invested wisely. The portfolio as at September 30th comprised holdings in: Disruptive Technology which manages investments in disruptive technology companies. Portr provides concierge airport, home, hotel, traveller luggage transfers. Rosslyn Analytics a cloud based analytics company listed on AIM. Social Superstore provides a social commerce platform. Advance Laser Imaging which uses laser scanning hardware and advanced software applications to produce 360 degree, 3D images. Stream TV Networks is a Philadelphia-based new media company which owns proprietary software enabling consumers to view 3D media without glasses. Imaginatik is a full service innovation provider offering a range of consultancy and technology products. The word on the street is that we have since September seen a material uplift at Portr and Disruptive and we thus expect a trading update for the full year to show a NAV of well in excess of £1.5 million. Small investment companies, especially those investing largely in private equity tend to trade at a big discount to NAV but we think that the discount to what we expect NAV to be is excessive. Ahead of that trading update we make this our tip of the month at a 0.16p offer with a limit buy price of 0.185p and a two month target of 0.25p to sell.

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