Van Elle Share Discussion Threads

[the oak tree] 22/4/2021 17:20

Thanks Muckshifter.

[muckshifter] 22/4/2021 10:27

Missed the live presentation, but watched it this morning, and I'm impressed. As I originally thought, the two companies have very complementary skills and client lists, and, hopefully, the two management staffs know each other well enough to make a great success of the takeover for all concerned. One "omission", imo, from the presentation was that they emphasised the attraction of the safety benefit to clients of offsite fabrication cutting numbers and exposure of manpower on site to a minimum, but didn't even mention the other significant benefit, to the main contractor, on such as motorway upgrades. My expectation, after a working life in major civils contracting, is that work such as motorway and perhaps rail upgrades is dominated by the need to programme site occupancy between perhaps 20 subcontractors successfully, with the ever present probability of unforeseen events interrupting the programme. In such circumstances employing a contractor who can cut on site time to a minimum, thereby giving the main contractor extra float, is a great advantage. The other possible benefit is that provided the main contractor can get off site manufacture of systems paid as "materials on site" in early valuations well before the programmed installation, and of course pay VanL, which shouldn't be a problem, it provides the main contractor with a further possible flexibility in their programming. Perhaps diplomacy prevented this sort of stuff from being mentioned in the presentation.

[hybrasil] 16/4/2021 15:50

I have been averaging down the past few days. It’s beginning to look squeezy

[muckshifter] 12/4/2021 08:34

Interesting RNS this morning about a presentation related to the recent acquisition on IMC next week. It looks like Van Elle are very pleased with the acquisition, so it will be interesting to me on two counts: what the presentation says about how Screwfast enhance the company's prospects; and a first look at the Screwfast MD and how he & the Van Elle management "gel". I remain hopeful that he will add further strengths to the team, and that Screwfast will prove a good acquisition.

[muckshifter] 01/4/2021 11:07

Yes, I agree it does look like a nice acquisition. The fact that the two companies have worked alongside each other on several projects means, imo, that Van Elle really have been able to study the company in action over a period of years, and that their offering is different and complementary to Van Elle's capabilities, or they would not be working alongside each other. It also looks like facilitating entry to new lines of work, and might add further entrepreneurial skills to the team. Quite pleased by the announcement.

[chrisdgb] 01/4/2021 09:06

Well, a nice looking acquisition this morning....growth ambitions abound......

[gavbro0] 31/3/2021 10:45

Great to see them purchase 4 x more rigs as well!

[chrisdgb] 31/3/2021 10:38

Nice to see Gresham House topping up........

[danmart2] 30/3/2021 09:04

Network Rail yearly budget until April 2024 down to 9.4 billion from 10.4 billion. More concerning, the 2024 - 2029 Control Period 7 budget rumoured to drop to 6.9 billion. What does it mean for Van Elle? Far less new project works, far less piling and ground works, railway cash cow coming to an end. What about the jobs Van Elle are currently working on via main contractors on the railway? Expect ‘efficiencies’ will need to be found. Van Elle is not a company to get enthusiastic about

[diku] 30/3/2021 08:45

Early doors buyers coming in...

[diku] 26/3/2021 14:39

Buyers coming in today...

[chrisdgb] 15/3/2021 09:07

Yep, well let us hope we get some renewed interest here, should be trading well and lots to come as we 'normalise'...........

[kinwah] 04/3/2021 13:03

Chris, that was a buying opportunity. I doubled the size of my holding at around 36p. The drop down to 34p was due to the market makers dropping the price to try and flush out some loose shareholders to get back the stock they sold to me.

[chrisdgb] 03/3/2021 11:14

All very quiet here, surprised we pulled back so far.........

[qs99] 01/12/2020 07:46

Not a bad update IMO....wasn't expecting much else tbh....

[jwball] 19/11/2020 11:56

Founder Michael Ellis has died at 76.

[gavbro0] 06/10/2020 19:56

You'd better sell up all your holdings mate!

[shavenmoose] 06/10/2020 16:59

I have been forecasting this for 2 years as it was obvious from the mistakes being made what was going to occur. I was proclaimed by certain individuals as a man with a grudge, a disgruntled ex employee of which I was neither. Why people thought HS2 was going to be beneficial I dont know as VE have massively underperformed on large contracts. It will only get worse

[mg111] 01/10/2020 09:47

@redartbmud... Utterly astounded and unbelievable...the first loss ever in its history, a share price that is almost a 1/3rd if it’s price it was two years ago, a devaluation in order to raise finances for what was always a very cash rich organisation, huge bonuses paid for sheer incompetence, not one significant ‘win’ in HS2 or any other flagship projects, the ‘flagship̵7; division at its all time low in 40 years.. ....streamline after streamline and management restructure nonsense... and some investors were wondering why 10+ Snr Directors have left in last year or so???.... This latest ‘reward’ is nothing short of shameful and disgusting.... i defy anyone to try and defend this! it all makes perfect sense now... would you want to hang around and be classed with this? I doubt anyone with any integrity would have ...

[redartbmud] 01/10/2020 08:27

Wow - Rns today. Giving away dhares to Directors qt 2p a pop with packets of breakfast cereals. Buy cornflakes each and get a couple of million shares between them.

[citizen_kane] 30/9/2020 09:23

Cheshire Man, I have a bridge to sell you.

[cheshire man] 28/9/2020 08:50

Insider @insidereastmids Van Elle hails recent progress Https://insidermedia.com/news/midlands/van-elle-hails-recent-progress

[mg111] 25/9/2020 07:00

£750,000 annual remuneration for 2019(including vested share value)!!! Let that sink in ahead of Monday’s AGM that is conveniently being held ‘behind closed doors’ ... I wonder if my questions will be answered publicly or swept under the big rug? I think I can guess ... ....I’ll repeat it again for those that might be struggling to comprehend it..£750,000.00 ..... beggars belief... £14,500.00 per week!!!

[chrisdgb] 04/9/2020 14:53

Happy HS2 Day.................!

[chrisdgb] 20/8/2020 08:09

Results today kind of irrelevant, outlook is positive and with cost cutting achieved, should be a fantastic recovery story.......