Volvere Share Discussion Threads

[rivaldo] 21/3/2017 08:15

New highs now following another £40,000 of buys already today.

Doesn't the seller realise that if he turned off the tap he'd probably achieve anything from 10%-50% more for his shares?!

[rivaldo] 20/3/2017 23:21

I suspect that, although there are no specific broker forecasts or expectations out there, the results are so good that VLE probably realised they had to consult with N+1 Singer pronto to get the numbers out before there was any leak.

Over £100,000 of buys today, including a single £45k buy at 563.25p. Whoever has been supplying this stock for a long time now (and if it's not Marks and Zimmerman, quite why they're selling is beyond me apart from perhaps an oversized position) must surely run out soon, in which case the stock should rise pretty quickly.

Hopefully there'll be lots of buying tomorrow from those who missed the late RNS today.

[cockerhoop] 20/3/2017 23:05

Perhaps a minor point but Cash and Marketable securities is now just cash.

[rp19] 20/3/2017 22:20

Excellent update and first time I've known VLE issue a specific 'trading update'. A welcome change of approach, wonder what prompted it.

[spob] 20/3/2017 17:43

seriously undervalued

missed that 15:30 update

certainly would have bought some more today

[eezymunny] 20/3/2017 17:21

The best bit is the H2 performance at Impetus - c. £1m pbt on £9.3m turnover. That's one heck of a performance. If it's sustainable and annualisable one wonders if Impetus might be worth a right tidy sum. Like the entire VLE market cap here. JMP sold for c. 13 x TTM pbt. Perhaps Shire is worth £25m (20m to VLE). We can dream, no?

[rivaldo] 20/3/2017 16:30

Quite right you two, got carried away after the trading update :o))

I'll do a proper calculation tomorrow, but we must be looking at 900p-1000p of NAV as you say.

[eezymunny] 20/3/2017 16:24

Yes, you're perhaps forgetting VLE only own c. 80% (IIRC) of Shire and Impetus, so your numbers perhaps on the high side Rivaldo. My feeling Impetus share worth £10m to VLE and Shire, yes perhaps £6m plus the cash comes to c. 880p/share.

Obviously the subs have to continue to trade well and be sold off but as you say for now it looks utterly crackers, most especially given the track record...

[wjccghcc] 20/3/2017 16:21

They only own 80% of Impetus so not quite that good. But even so, you're looking at an extra 15mm on top of the cash so 900-1000p on a very conservative basis. Added at 555p.

[rivaldo] 20/3/2017 16:17

Indeed.

The share price is bonkers. Impetus alone is making £1.5m PBT, so post-tax that's worth say £15m-£20m on its own. Add that to the 614p NAV, plus say only £6m for Shire and Sira and you're getting to around 1100p-1200p per share.

[eeza] 20/3/2017 16:04

Should get another plug from ST.

[eezymunny] 20/3/2017 15:55

I bought 125 shares for my nephews and nieces account. Hilarious.

The operating subs must be worth around the current market cap with the £20m cash in for free. Daft if you ask me...

[rhomboid] 20/3/2017 15:51

Eazy, did you take advantage of that unusual liquidity then?

[eezymunny] 20/3/2017 15:50

I can get an online quote for 15 shares!

lol

[jaf111] 20/3/2017 15:47

no online quote???

[eezymunny] 20/3/2017 15:43

Indeed. Market cap c. 22m vs 20m cash and rev 33m pbt 1.8m.

Somethings gotta give skipper!

[rivaldo] 20/3/2017 15:39

Terrific trading update!



- NAV of 614p (excluding the company uplifts of course)
- £20m of cash
- Impetus storming ahead, Shire doing OK if down despite Brexit currency moves, Sira now making £160k PBT

The share price should surely be at 600p and hopefully well above that now.

[rivaldo] 17/3/2017 09:42

Looks like things are turning for the better....online the maximum I can buy has reduced sharply to 3.5k at 524.9p, whilst I can now sell 6k at 508.2p.

[rivaldo] 15/3/2017 15:24

Cash at 30/6/16 was £18.5m, so at the year end is certainly likely to be £19m+ conservatively, compared to the now £21.3m m/cap.

It's almost a cash shell, with the 3 businesses valued at virtually nothing. And I've often seen listed cash shells with much greater premiums to their cash than this :o))

[eeza] 13/3/2017 09:43

Slowly slip-slidin' away - again

[rivaldo] 08/3/2017 13:41

Nice - someone just bought £20,000 at 534p. The price didn't move as there's still 11,000 shares available to buy online.

This is the time to load up if you wish to. Such availability is extremely unusual and won't be around for long in usual circumstances :o))

[boadicea] 01/3/2017 13:14

The 25k trade matches in all but price (530p against 535p) to a late trade posted on 23rd Feb -


If they are both sells from the same reportable source being a holder of 3%+ that must result in a holdings RNS as 50k shares is about 1.2% of issue. Otherwise I would suspect a matching buy/sell pair.

[rivaldo] 01/3/2017 12:07

Good spot - looks like a late reported trade from 24th February judging by the trade reports.

The maximum amount available to buy online has dropped to 10k shares from around 25k, so perhaps the supply of shares is almost finished.

[intrinsicinvestor] 01/3/2017 09:04

What looks like a large sale of 25000 went through yesterday..

[eeza] 28/2/2017 10:13

Sellers becoming impatient, imo.