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Vela Technologies ( (GB:VELA) ) just unveiled an announcement.
Vela Technologies reported its interim results for the six months ending 30 September 2024, highlighting ongoing challenges in the UK small-cap market. The company realized profits on sales of investments in MTI Wireless Edge Limited, EnSilica plc, and Skillcast Group plc, but faced significant losses due to the decline in Conduit Pharmaceuticals Inc.’s share price. Vela made new investments, including a convertible loan note with Hamak Gold Limited and additional investment in Igraine Plc. The company’s balance sheet showed a decline in total assets, primarily due to the revaluation of Conduit, with a reported fair value of £2.652 million for active investee companies.
More about Vela Technologies
Vela Technologies PLC is an AIM-quoted investing company focused on early stage and pre-IPO disruptive technology investments. The company operates in the small-cap marketplace in the UK and aims to realize existing investments to reinvest in new opportunities.
YTD Price Performance: -50.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.33M
For an in-depth examination of VELA stock, go to TipRanks’ Stock Analysis page.
