As some will have read in my recent Musings on Vertical Aerospace post, I stated that a more cautious investor ‘may have decided to sell given the current circumstances’ and that ‘I intend to take ‘every day as it comes’.
Two weeks have now passed and still there is no news on the transition testing outcome, or a date scheduled for Q4 and full year 2025 results. Furthermore there is no news on much needed capital being raised. And while I have long believed fortune favours the brave, I do not intend to be reckless with our capital, and given the lack of clarity on these important aspects, I have decided to reduce our shareholding in Vertical Aerospace (EVTL) as of today.
My better half and I hold 24,000 shares in total but later today we will reduce our holding to 10,000. Of the cash released we currently intend to retain this should positive news arrive and look to increase our holding again.
As a company Vertical Aerospace holds great promise, with talented and committed staff, yet without news that in fairness we needed by now in my opinion, caution seems like the right position to take.
We wish you well Vertical Aerospace and are still rooting for you!
Double Bubbler
