Vela Technologies #VELA – Quarterly Investment Update August 30, 2024 – Posted in: Uncategorized, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, is pleased to report an update for the quarter ended 30 June 2024. Key numbers as at 30 June 2024* ·        The value of Vela’s total assets (including cash) decreased during the quarter by £2,737,000 to £2,804,000 (quarter to 31 March 2024 – a decrease of £640,000 to £5,541,000). ·        This decrease is entirely attributable to the collapse…

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#VELA Vela Technologies Investee Co. – #CODE Northcoders – TRADING UPDATE January 30, 2024 – Posted in: Vela Technologies Plc (VELA)

 ‘FY-2023 in line with expectations; strong start to FY-2024’ Northcoders (AIM:CODE), a UK market leading technology training business, is pleased to provide the following trading update for the year ended 31 December 2023 (the ‘period’ or ‘FY-2023’). The Group is pleased to report that underlying FY-2023 trading is in line with revised market expectations1. Unaudited revenue for the period increased by 27% to £7.1 million (FY-2022: £5.6 million), driven by accelerating demand for digital training.…

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Vela Technologies #VELA – Investee co Northcoders #CODE interim results September 19, 2023 – Posted in: Blog, Vela Technologies Plc (VELA)

Vela Technologies #VELA investee company Northcoders (AIM:CODE), an independent provider of training programmes for software coding, announces its results for the six months ended 30 June 2023 “Group continues to grow despite challenging macro environment with record demand for consumer training bootcamps” Financial Highlights ·        Revenue grew to £3.5 million (H1 2022: £2.4million), an increase of 46% ·        Record demand for consumer bootcamp training, delivering revenues in H1 2023 of £2.8 million (H1 2022: £1.7 million)…

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Vela Technologies #VELA – Investee Company Northcoders Group #CODE – Result of Placing, Secondary Placing & TVR November 21, 2022 – Posted in: Vela Technologies Plc (VELA)

Northcoders (AIM:CODE), an independent provider of training programmes for software coding, is pleased to announce that, further to the announcement made earlier today, the Company has raised approximately £2.1 million (before expenses).  Pursuant to the Placing, 694,444 new Ordinary Shares have been conditionally placed at a placing price of 300 pence per share (“Placing Shares”).  WH Ireland and Peterhouse acted as Joint Brokers in connection with the Placing.   The Placing was significantly oversubscribed and…

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Vela Technologies #VELA – Quarterly Investment Update and Change of Broker May 3, 2022 – Posted in: Blog, Vela Technologies Plc (VELA)

The Board of Vela (AIM:VELA), an AIM-quoted investing company focused on early-stage and pre-IPO disruptive technology investments, announces its quarterly update for the quarter ended 31 March 2022. Investments traded on a recognised stock market are valued using the accounting policies outlined in the notes to the annual financial statements.  Unlisted investments and other financial assets are stated at the values attributed to them in the audited balance sheet as at 31 March 2021, unless…

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