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
  +0.00p +0.00% 547.50p 535.00p 560.00p 547.50p 547.50p 547.50p 10,052.00 07:32:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 27.9 1.3 158.8 3.4 22.75

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Date Time Title Posts
24/2/201712:40VOLVERE : Ј14m m/cap, Ј22m+ cash, Ј30m+ net worth including investments2,271.00
22/5/201209:34WHY VOLVERE WILL TAKE OFF12.00
10/11/200909:54VOLVERE - Ј6.3m m/cap, Ј3.3m cash, core business winning contracts1,526.00
21/12/200617:58Volvere with Charts & News1.00
29/3/200417:50Volver future3.00

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Volvere Daily Update: Volvere Plc is listed in the General Financial sector of the London Stock Exchange with ticker VLE. The last closing price for Volvere was 547.50p.
Volvere Plc has a 4 week average price of 529.75p and a 12 week average price of 524.61p.
The 1 year high share price is 562.50p while the 1 year low share price is currently 427.50p.
There are currently 4,155,958 shares in issue and the average daily traded volume is 2,539 shares. The market capitalisation of Volvere Plc is £22,753,870.05.
rivaldo: Amazing - around £60,000 of net buys today and no effect on the share price. If the seller had any sense he would surely drip their stock more slowly into the market and feed it into a steadily rising price.
rivaldo: Rhomboid, many have posted exactly the same comments since the share price was 150p :o)) A "large" position depends on your own portfolio size and perspective. On liquid days you can usually sell perhaps £30,000 of stock, and when M&Z are finally out I suspect there will be improved demand for shares. Personally I've never sold a share yet and am happy to hold for another 100% from here. It would be in the Landers' interests to pay a huge dividend, but that's not their ambition, which is to grow the company. Even the payment of a tiny dividend wouldn't necessarily attract dividend-hunting investment funds given the illiquidity for holdings of say £200,000+. The situation here is therefore perfect for PIs like you and I.
longshanks: I guess they are holding on to cash so as they can move quickly as and when the right deal comes along. The share price has appreciated more or less over time with NAV so even though the price remains at a discount to NAV there doesn't appear to be a huge stock overhang requiring attention.The situation could change if a large holder decides to sell in quantity. Given they don't pay a dividend such an event could find few buyers in the market and result in the company buying back stock.
rivaldo: The November issue of AIM Prospector magazine is just out, and includes this positive summary of VLE (these are also the people behind VLE's recent presentation in London): Http:// "Volvere Volvere is essentially a 2-man (brothers Jonathan and Nick Lander) operation that specialises in turning around either loss-making or marginally profitable companies. The Landers implement their management skill set and sell rehabilitated companies at a profit. Volvere has typically worked on two to three turnarounds at any one time, selling them after three to five years. Since 2002, IRRs of between 40% and 160% have been achieved upon sale of acquired companies. Accumulated cash accounts for nearly 75% of the NAV. Dividend policy is “no dividend” but Volvere does have a history of share buybacks. The company does not feel any pressure to distribute the cash pile because such liquidity is required to maintain Volvere’s standing as a capable acquirer with turnaround project vendors. The operational track record has been rewarded with a share price that has grown at a CAGR of 13% (vs. FTSEAllShare 5.2%) since the 2002 IPO, notwithstanding the intrinsically high-risk policy of taking on such concentrated investments. Can they keep up this amazing track record? The shares are valued in the market like a holding company — which Volvere is not — and provides a comfortable (and potentially very rewarding) entry price for disciples of the Lander brothers."
hpcg: fft - my experience is that the quantity of company promotion and the success of the company are inversely correlated. Many private investors are captivated by frequent news announcements for some reason. If the company is consistently successful then the share price will tick up over time of its own accord.
rivaldo: No need to be so strident fft. They didn't "ignore" shareholders - I've spoken to JL at length a number of times and at length over the years on the telephone. As could you, and anyone else who made the effort. JL simply believes, and has always said the same, that the share price will look after itself if the company performs well. In addition, he is EXTREMELY cautious about revealing info which is not in the public domain. Many companies might take a leaf out of this particular book. I hope JL won't mind me saying - my understanding is that he met the organiser of this presentation at a prior conference/meeting and decided to back him by presenting yesterday. So I don't believe this is the start of a campaign of further such promotions. Shareholders can either go back to sleep, or moan that their directors aren't out there promoting the company in videos/exhibitions etc instead of actually running the business and creating shareholder value as they have to date
rivaldo: More random points.... - acquisitions usually have to be carried out quickly, with due diligence to be carried out in only a couple of weeks - no sector restrictions, preferred revenues of £10m-£100m, though they do like "people" businesses. There are some sectors which are immediately rejected (interestingly he singled out printing. I sold my CMS shares a while ago!) - more buybacks are still possible, though (1) they're more difficult to carry out with new rules apparently, and (2) the only opportunities given limited free float are of course from the likes of Marks & Zimmerman, who are apparently hard bargainers. Although I suspect they're probably regretting their sales at lower prices... - larger acquisitions are certainly possible. However, business sellers are encouraged when they see that VLE have a large cash pile on the Balance Sheet, and VLE also need to keep some cash in case of w/cap needs for newly acquired investees - Shire Foods supply Lidl, Aldi, Iceland etc and have invested significantly in new refrigeration plant. I regret that I forgot to ask afterwards specifically about Shire and Impetus' prospects (though I'm sure I wouldn't have got any joy!). Impetus' client list per the presentation is an awesome list of motor industry blue chips. It's worth noting the track record: - Vectra : cost £2m, £8m sale proceeds plus cash cost received - Sira : cost £1.4m, £9.7m received - IPT : cost £1.4m, £5.35m received - JMP : cost plus loan £1.2m, £8m received Net assets per share have grown 513% from £0.94 to 576p per share, and the share price has risen 415% since IPO.
melf: 983.90 target.......that's more like it :-) The stock of Volvere PLC (LON:VLE) gapped up by GBX 32.05 today and has GBX 983.90 target or 101.00% above today’s GBX 489.50 share price. The 7 months technical chart setup indicates low risk for the GBX 20.00M company. The gap was reported on May, 28 by If the GBX 983.90 price target is reached, the company will be worth GBX 20.20 million more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 9.39% or GBX 42 on May 27, hitting GBX 489.5. About 16,888 shares traded hands or 1192.12% up from the average. Volvere PLC (LON:VLE) has risen 26.14% since October 27, 2015 and is uptrending. It has outperformed by 22.62% the S&P500.
rivaldo: Terrific results - even better than we hoped. - 569p NAV per share - around 400p per share in cash - Shire Foods had a record year with £1.57m PBT - Impetus Auto began magnificently, making £0.6m PBT in its first 8 months - and even Sira Defence is starting to take shape nicely, with a £0.12m PBT and revenues growing Given the value in the investees above cost, I'll perhaps work it out later, but the real NAV here now must be at least 800p per share and possibly well above that. There are of course some points to note: - Shire Foods will be less profitable this year, but VLE sound unusually forthright about being able to improve this. They presumably have some contracts nearly in the bag to sound so confident - Part of Impetus is being handed to management as usual, so VLE's ownership % will fall - the directors received around £0.6m bonus on the sale of JMP. Well deserved imo given their achievements to date - cash would have been even higher but for £0.6m of unrealised losses on investments at the year end. Most unusual for VLE, but this can of course reverse just as easily and improve the cash position in 2016 In summary, great stuff. The share price should at minimum now trade at or above the 569p NAV, and given VLE's track record now merits a decent premium above that NAV.
rivaldo: On Monday I attended a presentation by VLE in London organised by Blackthorn Focus through David O'Hara. Once again, cheers David (and also to the Landers for agreeing to it): Http:// This was of course a blue riband event - the first ever such presentation by VLE anywhere, anytime AFAIK.... It took place at one of JMP's offices, and was attended by around a dozen or so interested investors who are part of Blackthorn's investor "circle", 4 or 5 of whom it turned out were already VLE shareholders. IMO the Lander brothers presented extremely well and persuasively. The overall outlook certainly appears to be as positive as most believe it to be on this thread. Of course nothing of a price-sensitive nature was disclosed, but I propose to briefly outline a few points of interest: - VLE pay no tax on disposals of investee companies due to "substantial shareholder exemption" - new opportunities come in every day, so you can tell that the Landers are extremely picky, but it was interesting that they generally have only a maximum 2 weeks for due diligence, which makes their track record even more impressive - VLE have no sector restrictions for investment, though they do like "people" businesses. Their methodology is very positive in that they aim to invest (via software, people, whatever) to turn the business around with the help of existing management if possible, whilst cutting out any dead wood, and of course incentivising them through 20%-25% stakes in the company - potential investees could have revenues of between £10m-£100m - there could be 2 to 3 company acquisitions a year under the existing management team, i.e there's capacity for further imminent acquisitions Shire Foods - cost £0.54m plus w/cap loans of £2m (all now recovered from memory) - their refrigeration systems were upgraded at a £600k cost - Shire own their freehold, against which there are loans - I got a distinct sense of optimism as regards prospects for Shire JMP - 50% of revenue is consulting to local authorities, transport planning etc, and 50% is engineering, design etc - usually has a better H2 than H1 - it was noted that Waterman (WTM) are pretty similar and have just announced excellent results Impetus Auto - perform audit checks for car manufacturers on auto dealers as well as aftersales services, and they provide certain software tools - it's a people business, and as yet there have been no great "surprises" (for which presumably read "nasties"), which is good news - it's already only mildly lossmaking post-acquisition, and again there seemed to be some optimism/cheerfulness here I raised my usual bugbear re lack of promotion of the company and share price, whilst thanking the Landers for this opportunity, but I suspect nothing much will change. Other points were made (again all previously raised at AGMs etc!) as regards potential special dividends, share illiquidity, share buybacks, use of shares for acquisitions if the share price were higher etc.
Volvere share price data is direct from the London Stock Exchange
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