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VLE Volvere Plc

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Volvere Plc LSE:VLE London Ordinary Share GB0032302688 ORD 0.00001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 41.56M -537k -0.2292 -53.45 28.71M
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Volvere (VLE) Latest News

Volvere (VLE) Discussions and Chat

Volvere (VLE) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Volvere (VLE) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Volvere Daily Update
Volvere Plc is listed in the Business Consulting Svcs,nec sector of the London Stock Exchange with ticker VLE. The last closing price for Volvere was -.
Volvere currently has 2,343,422 shares in issue. The market capitalisation of Volvere is £28,706,920.
Volvere has a price to earnings ratio (PE ratio) of -53.45.
This morning VLE shares opened at -
Posted at 02/4/2024 10:25 by eezymunny
Always fun looking a VLE.

Top-line compound growth at Shire I calculate at 13.6% over 8 years (and similar for profit growth). That´s a fantastic achievement.

Using Ben Graham´s valuation guide of PE = (8 + sustainable growth rate)suggests a reasonable PE for Shire of 20+. VLE´s 80% share of Shire is worth £40m+ by that valuation method. Add the cash and you get a c. £64m valuation or £28+ per share.

Who´d have thought that a "boring" old food manufacturing business could perform so well? Mr Market clearly thinks its too boring. I don´t.
Posted at 13/3/2024 15:54 by stemis
But in calculating P/E, NAV/share, cost of dividends or any other ratio that depends on the number of shares, they are the same and are excluded from the calculations. There are effectively no shareholders of those shares to receive any benefit from the company (unless you believe a company can be a shareholder in itself).
Posted at 13/3/2024 12:44 by jaf111
Well the cash pile is now close on £1m lighter after the 79,000 share buy-back!
Posted at 13/3/2024 10:39 by rivaldo
Re the above valuation, he's used a straight 25% tax charge on Shire's £3.64m contribution to VLE after intra-group management charges et al.

Firstly, the tax charge is unlikely to be precisely the full 25% due to capital allowances and super deductions. Let's call it a conservative 22%. Secondly, imo we should use Shire's PBT before intercompany charges etc, which is £3.86m. Thirdly, let's be a tad more generous and use a P/E of 8 given Shire's terrific track record and apparently excellent competitive position.

That gives Shire a £19.3m valuation. Add in the £23.74m cash and the total is £43.04m, which is around £18.50 per share.

Happy to be corrected/struck down!
Posted at 12/3/2024 22:31 by rivaldo
A starting point for discussions re valuation posted from Jeff256 elsewhere - will have a think myself about this tomorrow:

"Well, the pie business is making £2.73m after tax. Apply a PE of 7 on 80% ownership and we get about £15.3m. Add £23.74m cash and we get £39m

Approx £16.90 per share."
Posted at 12/3/2024 08:14 by rivaldo
The trading update is out - and it's terrific:

- a PBT of £4.75m! Including the £1.1m gain on Indulgence's properties, but it's a great headline....
- Shire Foods made a core PBT of £3.86m (up from £2.78m), up almost 40%....
- the cash pile is up to £23.74m, against a £24.8m m/cap!
- NAV is up to £14.82 per share and £37.5m

Even better:

- investment opportunities are improving
- and re Shire:

"We have been encouraged, however, by the levels of new business opportunities we are seeing in Shire and remain cautiously optimistic for the remainder of the year"

In the year when JL so sadly passed away, congrats to Nick in particular.
Posted at 11/3/2024 11:55 by rivaldo
Worth noting that in the last week (assuming that the 1075p trades are buys) there's been 5,652 shares bought and none sold, i.e around £60,000, with no effect on the share price. Which is most unusual for this stock. Presumably there's a seller in the background, but it's also good to see the stock getting bought up.

Hopefully this'll clear the way for after the results - or perhaps a trading update soon given last year's was on 14th March.
Posted at 05/12/2023 11:36 by rivaldo
Buying at 1250p and now 1300p this morning.

Maybe some speculating that Shire will now be sold and VLE wound up with assets being distributed to shareholders. Of course could equally be betting that Shire coninues its excellent and consistent performance in recent years.
Posted at 08/9/2023 08:26 by rivaldo
Just back from hols and learnt the terrible news. My thoughts are also with Jonathan's family, particularly Nick, and friends. To be taken at the age of just 55 is just inconceivable.

I talked with Jonathan in person and on the phone a number of times, and he was always a pleasure to discuss matters Volvere-related and anything else with, being as honest and forthcoming as he could be. He had a fine, dry sense of humour and was obviously an extremely capable businessman. He and Nick have done a fine job with VLE.

For the record Evil Knievil on Master Investor had this to say:



"I invested successfully in Volvere (VLE) several years ago and sold out. I thought no more about it. It was and remains a very successful investment/trading company run by Jonathan and Nick Lander. It is chaired by David Buchler, a distinguished small company assessor. Last Monday, Jonathan died very suddenly aged 55. As an enquiry on Google will show there was nothing gross about Jonathan Lander.

Thus Nick is in the driving seat and one wonders what will happen now. TNAV is about £14 a share and one can buy stock (not much) at about £11.50. VLE is highly solvent and loaded with cash.

Curiously, the Lander brothers were shown as being paid just £19,000 p.a. between them. But, slightly unusually, they were also taking £650,000 p.a. into their management company, D2L. Perhaps Nick will take just £325,000 p.a. now. I do not know.

I also do not know what Nick intends to do with his time or why or where. But he might take VLE on to new heights of sensible achievement. Or he might accept an offer for the lot. If the latter, it must surely be above £11.50 a share. Here is an opportunity for patient investors."
Posted at 29/8/2023 08:38 by jaf111
I sort of understand the fall in share price today due to likely no acquisition news BUT IMO most likely scenario going forward is sale of Shire and VLE being wound up…..NAV £13 plus so actually today’s sellers likely to regret their decision…̷0;
Volvere share price data is direct from the London Stock Exchange

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