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VLRS Vallares

995.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vallares LSE:VLRS London Ordinary Share JE00B55Q3P39 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 995.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 995.00 GBX

Vallares (VLRS) Latest News

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Vallares (VLRS) Discussions and Chat

Vallares Forums and Chat

Date Time Title Posts
08/1/202420:48Volaris4
18/11/201122:34Vallares- Nat Rothschild does Oil.52

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Vallares (VLRS) Most Recent Trades

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Vallares (VLRS) Top Chat Posts

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Posted at 29/6/2018 02:12 by desertjoe
Passengers carried have increased so why is their share price considerably diminished?
Posted at 08/9/2011 13:58 by stuart14
Won't be like an Inv Trust. VLRS will cease to exist. Our shares will convert into Genel shares and we'll have a cheap entry into the Co from there. VLRS was just a shell.
Posted at 12/8/2011 12:58 by stuart14
Currently you can buy a £10 for £9.70. I'll keep waiting but don't think you can go far wrong investing below £10 per share.
Posted at 20/7/2011 08:06 by arja
I see but still sovereign risk with any investments they might make and hence the reason the share price is doing nothing yet .
Posted at 19/7/2011 20:57 by bergster56
because at the moment all your paying for is the cash pile on the balance sheet - the price of the class management with the contact book to die for isnt yet priced in
Posted at 19/6/2011 07:29 by eric gardener
Are these actually availible for public trading yet?

What I don't understand is if they were placed at £10 per share then who is selling them allready at 990p at a loss?

cheers
Posted at 17/6/2011 10:47 by flyfisher
stuart , thanks for setting up a thread.
i wonder if gallo oil will be part of the deals to come.
the BUMI deal to sell 20% of it's subsidiary gallo oil , which has acreage and an oil find in yemen fell through at the end , possibly due to the political situation in yemen .
in the absence of resource estimates from gallo ,it gives a clue to valuing gallo. at the $ 290m agreed sale price for the 20% stake it implied a $ 1.45bn value .
gallo seems to be non core for bumi and a sale would certainly help bumi towards clearing it's expensive chinese debt , so it fits well there.
Posted at 17/6/2011 09:26 by stuart14
Results of Placing

Vallares is pleased to announce the results of its successful placing of Ordinary Shares (the "Placing").

Following a book-building process, Vallares has placed 133 million Ordinary Shares at a placing price of GBP10 per Ordinary Share, raising gross proceeds of GBP1.35 billion(1) (inclusive of GBP100 million Repurchase Option for stabilising activity) to enable the Company to pursue its objective of acquiring or establishing a major company, business or asset that has significant operations in the resources sector.

Commenting on today's announcement, Rodney Chase, Chairman of Vallares, said: "We are delighted to have received such a positive response from global investors, and I am pleased that we are now able to pursue our acquisition strategy. With the experience and skills of our Founders, led by Tony Hayward and Nat Rothschild, I am confident that we will identify and execute the right acquisition for Vallares, generating significant shareholder value and providing a platform for the future growth of the business."

Tony Hayward said: "It is heartening to receive the backing of so many investors and to reach the fund raising target so quickly. This demonstrates the confidence investors have in the strong fundamentals of the resources sector and our focus will now turn to searching for suitable acquisition opportunities."

Nathaniel Rothschild said: "The response from a range of high quality institutional and long term investors has surpassed our expectations and is a major vote of confidence both in the quality of the Vallares team and in the structure of the vehicle. The investment proposition which matches investors with assets in the resources sector seeking access to capital and expertise has proved an attractive one."

Conditional dealings are expected to commence at 8.00 a.m. today under the ticker symbol "VLRS". It is expected that Admission will become effective and unconditional dealings in the Ordinary Shares on the London Stock Exchange's main market for listed securities will commence at 8.00 a.m. on 22 June 2011.

Credit Suisse is acting as Global Co-ordinator and Joint Bookrunner, J.P. Morgan Cazenove is acting as Joint Bookrunner and Evolution Securities is acting as Co-lead Manager in respect of the Placing.
Vallares share price data is direct from the London Stock Exchange

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