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% 515.00p 500.00p 530.00p 515.00p 515.00p 515.00p 1,850 07:41:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 27.9 1.3 158.8 3.2 21.40

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Volvere (VLE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:31:33490.001,2506,125.00O
10:21:10500.006003,000.00O
26/09/2016 15:17:08500.105002,500.50O
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Volvere (VLE) Top Chat Posts

DateSubject
27/9/2016
09:20
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 515p.
Volvere Plc has a 4 week average price of 513.63p and a 12 week average price of 509.79p.
The 1 year high share price is 525p while the 1 year low share price is currently 365p.
There are currently 4,155,958 shares in issue and the average daily traded volume is 5,991 shares. The market capitalisation of Volvere Plc is £21,403,183.70.
05/9/2016
12:38
rivaldo: 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.
03/6/2016
09:49
rivaldo: This chartist site has a 1455p share price target for VLE :o)) Http://www.bibeypost.com/how-analysts-feel-about-volvere-plc-after-reaching-all-time-high/
31/5/2016
10:15
melf: 983.90 target.......that's more like it :-) http://www.franklinindependent.com/volvere-plc-just-recorded-a-sigfniciant-gap-up/ 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 Barchart.com. 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.
27/5/2016
20:40
rp19: Excellent results. Thought there may be more of a positive reaction to them but hey-ho the share price will catch up in due course. What do people think will come first, another purchase or the sale of one of the existing companies?
27/5/2016
08:15
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.
08/2/2016
08:33
rivaldo: No probs Melf. VLE's £18m+ cash pile is a terrific safety net as you say, but some would also see it as a drag on the share price despite the obvious undervaluation. Imagine if VLE were to announce another one or two acquisitions for say £12m. This would still leave more than enough cash to support those businesses' turnarounds, and act as a backstop for the Balance Sheet - but a more substantial acquisition at such a price would likely energise the market and really get some excitement going. It's coming up to a year since the Impetus acquisition, and I suspect an operation like Impetus doesn't need as much "turnaround attention" as say Shire Foods. So hopefully we'll get news of another acquisition soon.
18/12/2015
13:38
rivaldo: VLE is now a much bigger bargain than it was yesterday. Taking purely the reported NAV, VLE was trading at a 13% discount to that NAV of 432p. Today the reported NAV has increased to around 570p, yet the share price at 430p is now at a doubled 25% discount to NAV. On that basis you'd at least expect the share price to rise to 500p from here.
07/10/2015
12:05
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://www.blackthornfocus.com/ 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.
29/9/2015
10:40
rivaldo: We have here: - new share price highs - an £11.7m cash pile against a £17m m/cap - NAV higher than the share price with almost nothing included for the value of the subsidiaries - brighter than ever prospects - and profitability - for the three core investees - and a strong start for the new and fourth investee (Impetus Automotive) Yet AFAICS not a single share was traded yesterday or today :o)) Investors are evidently happy to lose their money in resource companies, or blue sky situations, or recovery stocks with 50/50 chances of success, or....whatever. I'm torn between wanting more recognition/activity for VLE, or being happy with being so far under the radar since it allows for top ups as and when. But it would be preferable methinks to see the share price up at say 600p+....
01/7/2014
08:27
rivaldo: I posted this yesterday on the Paulypilots Pub board on T.M.F which may have attracted a little attention, It's basically a re-hash of my updated thread header post above. Anyway, for those who can't access it (it was first written when the share price was 290p): Http://boards.fool.co.uk/stock-idea-volvere-plc-vle-13050854.aspx "VLE is a holding company acquisition and turnaround vehicle. The current market cap is £12m at 290p, with 4.15m shares in issue. This compares to £17.6m of net (tangible) assets at 31/12/13, i.e 400p per share at that time (before subsequent share buybacks), including £12.2m of cash, i.e 294p per share. The 2013 prelims have just been released. Add in a realistic valuation for VLE's investments in JMP Consultants, Sira Defence and Shire Foods - all of which could be sold at any time as per prior sales of companies which have been turned around - since their valuation in the accounts is negligible, and one can reach a valuation much in excess of the current m/cap . VLE now comprises: (1) The £17.6m of net assets, i.e 400p per share (2) 100% of Sira Defence (see below) - could be worth £0.3m (see below) (3) 80% of Shire Foods - could be worth £4m (see below) (4) 75% of JMP Consultants (100% acquired May'13, less 25% then issued to management via shares), which has proven an absolute bargain imho. This could be worth say an additional £7.5m (see below). These assets (2)-(4) comprise around another 290p per share of value within the VLE group at the above valuations, giving rise to a total value of around 690p per share. JMP is one of the UK's leading independent transport consultancies. It has 150 professional staff providing services in transport planning and related services. It works from a network of nine offices in locations across the UK: Http://www.jmp.co.uk/ In the 12 month period ending 31 March 2013, JMP's unaudited revenue was £10 million with an adjusted PBT of £0.06 million. JMP had £0.6m of net assets on acquisition, principally amounts recoverable on client contracts. Yet VLE acquired JMP for just £415,000 in mid-May'13 following working capital financing problems. From acquisition to 31 December 2013 JMP contributed revenues of £7.41 million and underlying PBT of £0.54m. Annualised this works out at almost £12m revenues and £0.9m PBT. Currently JMP could easily be worth another £10m to a larger consultancy company imo given these figures. At 75% ownership this could be worth £7.5m to VLE on a sale. Sira Defence trades at break-even on around £2-300,000 of annualised revenue. As a provider of hardware and software surveillance solutions to the UK Police, judiciary, local councils, gambling industry etc, its solutions - developed in liaison with the Home Office and Met Police - are very slowly gaining traction and usage. Sira Defence should be worth say £0.3m imo. Shire Foods, which manufactures frozen pies, pasties and other pastry products for retailers and food service customers, is now seeing the fruits of its turnaround post-acquisition in July'11 for £0.5m, with £8.53m turnover in 2013 and a small £0.1m PBT, compared to a £0.44m loss in 2012. This could be worth say £5m to a purchaser, i.e £4m to VLE. Web site : Http://www.volvere.co.uk. The shares are pretty tightly held, with the directors holding large stakes - major shareholders comprising 76% of the shares in issue are: Andrew Cohen 439,833 10.5% Jonathan Edward Lander • 1,023,677 24.5% Black Rock Growth and Recovery Fund 208,670 5.0% State Street Nominees 282,000 6.7% Nicholas Paul Lander • 548,277 13.1% David Buchler • 129,893 3.1% FG Nominees 182,114 4.4% Michael Marks 180,000 4.3% Stephen Zimmerman 180,000 4.3% • = Director I have held VLE for some time as they have patiently expanded and successfully sold prior investments for (usually) large premiums over the acqusition prices. I await further acquisitions with the cash pile now that both JMP and Shire Foods have been successfully integrated and turned around. This is an investment for those with patience, but having regularly spoken to the directors I know that they've turned down a lot of acquisitions to make the right ones as listed above, and I believe they will eventually ensure the share price will be much higher than it is currently. In the meantime, investors have the comfort of knowing that the Group's cash pile equates almost exactly to the current m/cap. Given the relative tightness of the market in VLE shares I wouldn't say that VLE should be the major part of one's portfolio, but I'm happy to hold a decent stake with the cash/asset backstop and the likelihood of a re-rating as the market cottons on to the value which last week's results have now illustrated."
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