As a great fan of Vertical Aerospace, Europe’s leading electric vertical take-off and landing aircraft developer, I have decided to reinvest our latest dividends from satellite firm SES S.A. (Paris: SESG) in more EVTL shares today*.
I am doing this in the hope of maximising the benefit of SES’ currently generous twice yearly dividend by investing in EVTL when its shares are in my opinion materially undervalued.
Given Vertical Aerospace is only the second company worldwide to have completed an eVTOL piloted transition flight, and with new financing arrangements now in place, it makes no sense to me that the company is valued at less than $300 million on the NYSE. This compares to Joby Aviation, who have also transitioned successfully, valued at about $9 billion and Archer Aviation, who haven’t so far to my knowledge, valued at about $4.5 billion.
Given the circumstances I see EVTL as offering a significantly better risk and reward balance than its leading competitors right now. After the new shares are acquired shortly, Anna and I will hold 25,000 shares between us.
May fortune favour the brave!
Mark aka Double Bubbler
* For the record I have so far reinvested all of our SES S.A. dividends in more SES S.A. shares to benefit from the effect of compounding with future dividends and hopefully share price growth.
Even though I am using the latest dividend to buy EVTL shares, I have not missed an opportunity to reinvest in SES so far as I had cash available to increase my shareholding in advance of the latest dividend.
