Volvere Share Discussion Threads

[rivaldo] 13/9/2016 14:13

:o)) I think "basic" sums it up...perhaps it's just the start and there's more to come. Or (more likely) perhaps it's emblematic of the Landers' waste not want not philosophy.

Tempting pictures of the pies though.

Results next week hopefully going by last year.

[melf] 13/9/2016 10:55

Shire seems to have new website.



I didn't rate the old one but to me this seems to be a step back. Not much info on it at all. Am I missing something here?

[boadicea] 06/9/2016 17:29

Smoke signals?
3 shares (sold?) more or less exactly at midday and a further 1 at 2pm.

[rivaldo] 06/9/2016 10:54

Trading is still active here (by VLE's standards!) - another tick up after two more 2.5k sells yesterday offset by net buying today.

[clacre] 05/9/2016 16:03

Of course it still doesn't answer the question as to why VLE doesn't buy back all their remaining shares. If M & Z are willing to supply the market with stock at £5.30 then let's buy them!

I would think that most of the investment gains will be in H2. I'm assuming that the Landers didn't panic when they lost £600k in H2 last year and held onto their investments. We shall see shortly.

I fancy them to sell Impetus first. They've turned it round very quickly so time for it to go IMHO. I think they are holding onto Shire because it was making good profits (unlike Impetus) and I rather think that they might run with it for a while longer whilst the business now recovers from the loss of its main customer. Personally I'd like to see it gone - the loss of their main customer shows just how risky that business could be and another customer loss could see the business back into losses.

[melf] 05/9/2016 14:46

clacre, you could have asked the same questions back in early Feb when their reduction of holdings RNSs were published and the share price was under 450p.

Re the likely investment gains, I was pondering that myself this morning. It will certainly be interesting to see what's happened in the 6 months.

[rivaldo] 05/9/2016 14:11

Another 2.5k sell just appeared, so likely to be the same source of stock, i.e M and Z.

Clacre, they had a very large holding in a very illiquid company. Like most investment bankers, their prime motive will be pure profit! So to keep top-slicing as the price rises to new all-time highs is an ideal scenario. They had 241,000 shares between them in February, so I imagine they're now down to probably 125-150k by now? If I had that many shares in VLE I'd probably do exactly the same.

Good point about potential investment gains this year. Definitely too early to sell Impetus imo, but I agree re Shire Foods - we must be getting near sale time by now.

[clacre] 05/9/2016 13:40

So what do Marks & Zimmerman know that we don't? These two guys are both very smart investment bankers so it makes you wonder. Equally why aren't VLE just snapping up all of their shares if they are so cheap? There won't be many opportunities like this.

On a more positive note I would imagine that VLE will be making big investment gains this year after the losses incurred last year. With markets at highs I'm reckoning that they should have made at least £1m in trading profits this year - maybe more.

On the grounds that a likely buyer of Shire will be UK based but a likely buyer of Impetus will be foreign you'd have thought that Brexit would make Impetus the more likely to be sold quickly. With the supermarkets entering yet another price war I'm wondering whether VLE are hanging onto Shire too long.

[rivaldo] 05/9/2016 12:38

Another £12k of buys today - most unusual to see no share price response, so I assume Marks/Zimmerman are still on the case.

Apologies Melf, can't help you on that one.

[melf] 02/9/2016 14:52

Yep, but I can see the reason why. This is not a straight forward one by any stretch. I've found this article and on this basis the cash element may qualify, which would be good news:



I think the only way to be certain here is to ask for clarification from HMRC (which I doubt they would give anyway).

[cockerhoop] 02/9/2016 14:33

No problem, bit disappointed you've paid up money and not definitively answered your question though.

[cockerhoop] 02/9/2016 11:29

Investors Champion offer a service that for a small fee you can check whether an AIM company qualifies to be IHT exempt.

[melf] 02/9/2016 11:20

Has anyone here considered VLE's position with regard to Business Property Relief for inheritance tax purposes? The general rules is that if you have owned an AIM share for 2 years (so long as the company is not quoted on another exchange) and that the company does not mainly deal in stocks and shares and land and buildings then the company would qualify. Therefore exempt from IHT in an estate.

I found the following in Taxation magazine:

"How many times have we heard this? The speaker first explained that the AIM company must show that its business does not consist wholly or mainly of dealing in stocks or shares, land or buildings or the making or holding of investments.

Subject to that requirement, and having due regard to both IHTA 1984, s 111 (holding companies of groups) and s 112 (the excluded asset provisions) and subject to the shares having been owned for two years at the date of death, inheritance tax would not be payable on the shares in that company on the shareholder’s death."

It's the "making or holding of investments" that isn't very clear to me. Obviously VLE holds investments as the holding company, but the group is essentially a trading group.

Has anyone got any clarity on this?

[melf] 31/8/2016 11:01

Did anyone go to the AGM? If so, anything interesting?

[melf] 26/8/2016 16:01

Riv, I read it again and wasn't sure if that bit of the resume referred to his time at Volvere. Perhaps not.....posted below:

"Prior to joining Clyde, Nick spent 6 years with APV plc (now part of Invensys PLC), latterly as Managing Director of a subsidiary that was the subject of a successful turnaround. Nick's financial and operational responsibilities have included international businesses in the engineering, vehicle retailing, software and mobile sectors."

[rivaldo] 26/8/2016 15:42

New highs now.

Melf, that was a good spot by you about Lander's background in the motor industry - why did you delete it? I wasn't aware of it, but it's a real advantage for VLE which I wasn't aware of.

[melf] 26/8/2016 14:25

Another 2.5K sell gone through today Riv.

EDIT......just seen that you spotted that one!

[rivaldo] 26/8/2016 09:47

Nice £5k buy this morning. I notice three 2.5k sells over the last three days, s0 looks like someone (probably Marks/Zimmerman) is top-slicing into buying prior to the interims next month.

EDIT - there goes a fourth 2.5k sell. That's over £50k of sells absorbed. Encouraging.

[rivaldo] 22/8/2016 12:19

Agreed Melf. However, we know that the Landers are, erm, careful with the company's money :o))

[melf] 22/8/2016 09:40

On that subject Riv, I think Shire's website could do with a bit of makeover/update.

[rivaldo] 22/8/2016 08:28

Good find Melf, cheers.

Siraview state they are "the only universal CCTV viewer on the market". I have high hopes that this investee can become of material worth to VLE following their partnership with the US-quoted MotionDSP.

Good to see a couple of small buys in VLE already today.

[melf] 19/8/2016 10:40

Looks like Siraview have updated their website. Certainly an improvement on the previous effort.

[rivaldo] 25/7/2016 07:35

Good trading statement from Cranswick this morning, who amongst other things make deep filled pies etc.

Hopefully this reflects well on Shire Foods for H1.

Only two months until the interim results now.

[rivaldo] 19/7/2016 10:27

Moved up 7.5p (on the spread) on a single 378 share buy....