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% 632.50p 615.00p 650.00p 632.50p 632.50p 632.50p 2,593 07:59:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 27.9 1.3 158.8 4.0 26.29

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Date Time Title Posts
07/4/201716:33VOLVERE : Ј14m m/cap, Ј22m+ cash, Ј30m+ net worth including investments2,383.00
22/5/201210:34WHY 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
29/3/200418:50Volver 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 632.50p.
Volvere Plc has a 4 week average price of 602.50p and a 12 week average price of 512.50p.
The 1 year high share price is 655p 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 513 shares. The market capitalisation of Volvere Plc is £26,286,434.35.
melf: Yep, the share price is probably only c£4 under its fair value now :-)
rivaldo: 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.
kardiff: A similar consultancy/people related business to Impetus is Waterman. This recently reported about £1.5M profit and has a market cap of approx £22M. Volvere is a very attractive investment at current share price. K
rivaldo: RNS : VLE have bought back 10,000 shares at 540p. This is the first buyback in over a year. If that's not a signal from the company that they consider the current share price cheap, then I don't know what is! Http://
rivaldo: Welcome G78, good to see you here. This is usually a pretty quiet thread, so it's easy to read back and research, but in essence two shareholders who had substantial stakes - and profits - called Marks and Zimmerman have been slowly drip-feeding their stock into the market for a number of months now. I'm assuming they still have the dregs of their holdings left, but that won't last long at this rate. Since there's generally such a small free float, historically the share price would have jumped by anything up to say 25% on yesterday's news. Given the upside this would be completely justified. IMO you've got yourself a bargain!
rivaldo: 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.
rivaldo: Terrific trading update! Http:// - 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: 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: 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."
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.
Volvere share price data is direct from the London Stock Exchange
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