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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vantis | VTS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.25 | 10.25 |
| Top Posts |
|---|
Posted at 20/11/2009 11:20 by agreeable Todays announcement makes it clear that the 'deckchairs on the Titanic' are being well and truly shuffled.Difficult to know how corporate governance is being tightened when Dulieu and Jackson are joined at the hip through their other business ventures Interesting for such a healthy company (egoi) to resort to a turnround specialist as finance director. Looking at company's website (Investor Relations) the results announcement is heralded as a success (subject to all kinds odd sub-notes which tell the truth in very small print). If this is an example of the disclosure requirements they impose on their audit clients I only have one piece of advice 'creditors and investors beware' |
Posted at 21/10/2009 15:03 by egoi Given that they made about 6p at the interims anything similar would of course be 12p. That's a very low rating re the sector.interesting to see what they do re a dividend. Now that the latest round of scaremongering is in the background I think investors' thoughts will turn to value and outlook. |
Posted at 19/10/2009 22:43 by dibbs Very pleased after these recent falls to have sold out of VTS on 21-09 with a small profit. The pressure is really on VTS to get the business and PR back on track. Problems with the accounts and senior staff being taken to court, hardly what you want as an investor. Of course if the are trading well and manage to get the accounts out before suspension then from this oversold position there could be a few quid to be made.Dibbs |
Posted at 19/10/2009 13:43 by egoi Don't think it is a clear case atall and it is not against the company of course.But looks like the scare stories are worrying investors. Shame if TNO got such an imho well run business on the cheap. They ought to put out their results, as i suggested, audited or otherwise, to put an end to some of the wilder speculation, and if the auditors don't like it, so be it. All imho of course! |
Posted at 19/10/2009 13:34 by nickcduk I read about the story when it first broke. VTS created companies and floated them on ridiculous valuations. They put the investors in at a fraction of the share price and then they gifted those shares to charities in order to get tax relief. Charities couldn't find any buyers for those shares. Pretty clear case imho and I would be surprised if they didn't manage to nail them for a change. |
Posted at 25/2/2009 11:26 by 1nf3rn0 Nigel Hamilton-Smith and Peter Wastell, Client Partners at Vantis BusinessRecovery Services, a division of Vantis, the UK accounting, tax and business advisory group, were appointed by the Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda as Joint Receivers on 19th February 2009 of Stanford International Bank Ltd and Stanford Trust Company Ltd (together "the Bank"). Commenting on recent progress, Hamilton-Smith said: "Following our appointment last Friday, we have thus far been able to identify the amounts invested by clients and have put arrangements in place for the Receiver-Manager`s team and staff at the Bank to deal with client enquiries. We have set up an email (stanfordenquiries@v enquiries and have ensured that up to date statements can be issued to all clients, totaling some 28,000, by month end. We are now commencing the process of communicating with the financial institutions that we have identified as holding assets on behalf of the Bank. We are also seeking co-operation arrangements with the US Receiver to further assist in the asset identification work we need to undertake. At this time we are unable to ascertain the total value of assets held or report on the timescale for the return of monies to investors. Our priority is to safeguard the interests of investors, identify and preserve assets and together with the international regulators and authorities and the US Receiver; we are working to complete these investigations as quickly as possible to avoid further inconvenience to the Bank`s customers." Further communications will be issued as soon as are practicable. |
Posted at 16/1/2009 13:28 by alphahunter Again I am new to VANTIS / TENON / BEGBIES TRAYNOR but looking at VTS and TNO sets of statements & annual report, Tenon looks better managed at first sight. In particular if you look at page 38 of TNO's annual report to June 08 (segmental division), the "TURNAROUND & CORPORATE RECOVERY" mobilised £13.8m of "trades receivables and amounts recoverables on contracts" for a turnover of £82m, or 2 months worth of business. At group level all segments, the number is 3.4 months. In comparison, Vantis for the whole business (no breakdown given) mobilised £65m for a turnover of £95.5m (october 07 to october 08)or 8 months worth of business. They explained "predominantly" the rise with the growing proportion of recovery / insolvency business. I recognise that there might be some seasonality in cash-flow generation hence June & october not comparable & the two cos may have different factoring policies - if any. Yet the difference is striking. I am waiting for a reply from Vantis with the breakdown of trade receivables by segmemt and by nature (WIP not yet invoiced and receivables invoiced). Vantis trades at say 4.5x eps versus 7.3x eps for Tenon. Yet add back the debt, VTS's firm value is £76m and £93m for Tenon. INVESTORS CHRONICLE's pretax forecast is £8.3m for Vantis (April 09) & 11.4m for Tenon (June 09), that put Vantis at 9.2x vs 8.2x Tenon. Given that VTS's existing debt is an impediment to growth (through acquisition or via rising WC requirement), I would go for Tenon at this stage. What are the views of Begbies Traynor, apart from "more expensive but 80% of biz in revovery and insolvency". Alphahunter |
Posted at 12/12/2008 12:47 by romi2nikki1 One of the tips of the week in Investors ChronicleEdison note 10.10.08 states that VTS is number 6 ( source Accountancy Magazine july 08)in Business Recovery. " the gradual move away from personal bankruptcy work to mid tier corporate should enable VTS to move towards its target of 120 debtor days." A glance at the date shows that they have a long way to go, but of course they are on a very considerable discount to TNO. Can anyone shed light on why debtor days are so big c.f. TNO? Clearly the delay in getting paid ties up a lot of working capital. |
Posted at 08/12/2008 15:19 by egoi Yes but not in the most recent accounts for 2007,released in July.As I said nowadays there are no such qualifications in the latest accounts despite your, imho, evasively worded post, which might easily be misread by unwary investors imho, as implying some current issue. recent updates have been positive and the new insolvency division I suspect will be flourishing. And Directors have been investing heavily recently. So I imagine all told things are rather good, all the signs are cetainly very positive I believe. If the market stays stable as it has been recently VTS I'm confident will flourish, and no indication of working capital issues agreeable still bangs on about, aka scaremongering imho.. -;) |
Posted at 07/5/2008 10:36 by lapiteau For me the only fair comparison is with tenon.They have a market capitalisation nearer £100m on profits of £8/9 million. Furthermore they are operating on a P/E of 19. Compare that to vantis? I believe the Vantis share price should be nearer £3-£4. That said, the company has been slated in the press following the charity scheme debacle and does have a large debt burden (this is not in dispute). My only slight concern is whether the dividend re-investment is to ease the cash flow. If that is the case, why are the banks reluctant to lend and where are the institutional investors? I, like some on the iii board, agree that the story will unfold further over the next few weeks. There will be further consolidation in the sector I am sure (particularly with such uncertainty in the financial sector), and either the bidder will return or there will be offers from other areas. The share is CHEAP! |
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