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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.50p -2.18% 560.00p 550.00p 570.00p 572.50p 555.00p 572.50p 33,580.00 13:49:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 27.9 1.3 158.8 3.5 23.27

Volvere Share Discussion Threads

Showing 3876 to 3900 of 3900 messages
Chat Pages: 156  155  154  153  152  151  150  149  148  147  146  145  Older
DateSubjectAuthorDiscuss
29/3/2017
15:47
A hugely active day by VLE's standards, with £120,000 of shares traded. I get the feeling that the overhang may be (finally!) coming to an end, as the maximum you can buy online is now 3k, well down from recent levels of 10k or so - and you can also sell 3k, which you certainly couldn't have done recently.
rivaldo
29/3/2017
13:00
I've topped up again, I'm now up to the maximum holding I feel comfortable with based on M cap & lack of liquidity, this is crazily undervalued
rhomboid
29/3/2017
12:42
What a bargain. The market is giving away profitable businesses for virtually nothing!
melf
29/3/2017
11:29
Just think they are making a market - with a tightening of the "real" spread. Nothing goes up in a straight line. A slight retrace before the next leg up seems to be the order of the day in my view.
the big fella
29/3/2017
11:24
MM's found another wadge down the sofa.
eeza
29/3/2017
08:01
Chill out guys - i'm sure it's just an innocent mistake
spob
28/3/2017
13:15
Thanks for the comments chaps. I thought it looked odd as well when I saw it.
melf
28/3/2017
12:22
And he says "these three businesses are being valued by Volvere". That's just total tripe. Volvere aren't valuing the businesses at all, Mr Market is!!! A truly pathetic write-up IMVHO.
eezymunny
28/3/2017
12:13
Agreed EM. It looked odd to me too, but I didn't do the calculation. Which makes the undervaluation even more stark. Anyway, all publicity is good publicity, especially for a stock like VLE which remains largely under the radar, certainly of institutional investors due to the illiquidity.
rivaldo
28/3/2017
11:56
How on earth does he get "Combined these three businesses are being valued by Volvere on just 4.5 times their aggregate net profits". Agrregate (1.5 * 0.8) +0.16 + (1*0.8) and you get £2.16m. Cash £20.1m, market cap 23.3m at 573p, so those businesses are being valued at £3.2m, or just 3.2/2.16 = 1.48 x agg pbt of the subs. Quite funny really...
eezymunny
28/3/2017
11:43
Tipped by Simon Thompson in the IC as follows (cheers mate) - the company valuations are "clearly way below their open market values if sold": "Volvere's bumper results Another constituent of my 2016 Bargain shares portfolio, Aim-traded investment company Volvere(VLE:585p), has issued a bullish updated ahead of the release of full-year results at the end of May. The company expects to lift pre-tax profits by a third to £1.8m driven by a 20 per cent rise in revenues to £33.2m and is pencilling in an 8 per cent increase in its net asset value per share to a record high of 614p. I would flag up that Volvere has cash and marketable securities worth £20.1m on its balance sheet, up from £16.3m a year earlier, a sum that accounts for 80 per cent of equity shareholder funds after adjusting for non-controlling interests. In other words, it has almost 500p a share of cash on the balance sheet. Moreover, the latest reported net asset value figure looks very conservative as it implies a valuation of only £6.5m for the company's three main investee companies. These include an 80 per cent holding in Impetus Automotive, a provider of consulting services to the automotive sector. Impetus posted a £900,000 rise in pre-tax profits to £1.5m on revenues up 43 per cent to £17.4m last year, an impressive return on the £1.3m the company paid for its stake in 2015. Volvere's wholly owned digital CCTV viewing business, Sira Defence and Security, is making good progress too, posting a 33 per cent increase in pre-tax profits to £160,000 on 23 per cent higher revenues of £380,000. True, profits slipped at frozen pie and pasty maker Shire Foods, a company in which Volvere owns an 80 per cent shareholding. Higher raw material costs following sterling's devaluation, and the decision of a customer to bring manufacturing in-house impacted the performance, but the business still turned in almost £1m of pre-tax profits on flat revenues of £15.4m. Combined these three businesses are being valued by Volvere on just 4.5 times their aggregate net profits, a valuation that is clearly way below their open market values if sold. So, with the investment risk skewed to the upside, and the company cashed up to make further value-enhancing acquisitions, I feel the shares - up a third on an offer-to-bid basis since I initiated coverage 13 months ago - are well supported. Run profits."
rivaldo
23/3/2017
17:07
I bought back in having foolishly banked profits last year. For me it was a smallish initial stake of 4000 shares yesterday. I would like a few more but would like them to fall back a bit to get them
the big fella
23/3/2017
15:31
Also waiting to add.
eeza
23/3/2017
15:01
Hope so eeza, I'll be snapping their hands off :o))
rivaldo
23/3/2017
12:39
Bid dropped to 555. MM's soon be trying to force it down again.
eeza
23/3/2017
11:01
Completely overweight here, but couldn't resist helping myself to another 2K today. As you say Riv.....the valuation is bonkers!
melf
23/3/2017
09:58
falling hard is a bit strong, but i see your point rivaldo
spob
22/3/2017
14:14
This is a note to self to update the thread header post at some point for newbies. Good to see the share price tick up on the offer despite a couple of decent-sized sells today. I notice the sells achieved a decent premium to the bid price, whilst buyers are paying near the full offer price, which is encouraging. What a lovely share this is to hold when the markets are falling hard as they are today.
rivaldo
21/3/2017
16:07
Stand corrected....thanks Riv.
melf
21/3/2017
15:58
Melf, it's actually 79% re Impetus - see the H1 interims narrative. Sira Defence is immaterial in the overall context - though getting more and more material! - but I do believe that given its outstanding client list, and global prospects (remember the US partnership I've highlighted) it can warrant a decent multiple on sale. Besides, smaller companies often achieve higher multiples than large ones due to their potential and to easily available synergies/cost-cutting.
rivaldo
21/3/2017
15:50
Are we sure VLE only own 80% of Impetus? The acquisition RNS stated the following: "Volvere, through a wholly-owned subsidiary, is settling certain debt obligations of IAL's parent company and acquiring the entire share capital of IAL for a total cash consideration of approximately GBP1.3 million, to be satisfied from Volvere's existing cash resources. It is expected that Volvere's shareholding in IAL will reduce through the issue of new equity to key stakeholders in due course." I am not aware that any new equity has been issued yet or have I missed something?
melf
21/3/2017
15:17
Personally I don't think you could get Sira away at 15 - it is tiny. I would say a 6 multiple, possibly more if it was a management buyout. The cost structure tells you it is just a handful of people. IMO doesn't score well on a sum of parts NAV analysis, but does on the potential for growth within a well funded corporate with proven business expertise.
hpcg
21/3/2017
12:40
Rivaldo - many thanks and those valuations look reasonable to me. Given the nature of the share I would expect it to trade at a discount to NAV, but the current discount looks way too much. Around £9 would not be stretching things.
the big fella
21/3/2017
12:18
Big Fella, valuations are of course extremely subjective, and as EM says profits can go down as well as up! However.... Current NAV is 614p, including around 500p per share of cash. Impetus is making £1.5m PBT, or say £1.2m PAT. Give that a multiple of say 13, times 80% ownership, equals £12.5m. Let's call this 300p per share of upside on around 4m shares in issue given Impetus is in the Balance Sheet at de minimis. Shire is making £1m PBT, or say £0.8m PAT. Give that a low multiple of say 8 as a food producer, and you get say £6.5m. Shire's value in the Balance Sheet is basically its freehold property etc, which would hopefully contra off on sale. So on 80% ownership £5.2m is around 130p per share. Sira is growing and making £160k PBT, or say £130k PAT. On a multiple of 15 (given its customer list and recurring income) this could be worth £2m, i.e 50p per share. That's a total of essentially 1100p per share imo. Corrections welcomed.
rivaldo
21/3/2017
12:14
This is now my biggest holding.
spob
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