Velocity Composites – Set For Take-off

Today's Interims from this aerospace materials supplier offer a cheap buying opportunity.

This morning’s Interim Results, to end-April, from Velocity Composites (LON:VEL), the supplier of composite material kits to aerospace, look really quite positive to me, however its shares have eased 2p to 28p, which offers an inexpensive route into the developing group’s equity.

For the six months the £15m-capitalised group’s revenues were £10.4m (£10.7m), but with greatly improved margins of 29.0% (22.5%) after a tighter control of overheads and upon its working capital.