Van Elle Share Discussion Threads

[hopeful holder] 22/11/2017 13:08

I'm pleased the rebuttal from the Board came. Once this is out the way and hopefully the right way, then perhaps we may get back to performing again.

[master rsi] 22/11/2017 13:01

It is going places now 87p

[master rsi] 22/11/2017 09:37

All is well and share price finally going places now 81.50p +2.50p

The one division that was not performing is already doing better on margins .......


Performance in the Specialist Piling division has been more mixed, with market and operating conditions in the Group's rail business remaining challenging in the first quarter, as indicated in the trading update on 12 September 2017. Whilst rail turnover growth has been reasonable, the commercial parameters in two specific electrification contracts have resulted in a dilution to gross margin, with a result that divisional profit will be below that in the comparative period. Pleasingly, margin performance has improved consistently during the second quarter and expectations for the second half are for a return to satisfactory levels.

[charlieg11] 22/11/2017 08:53

This is a good set of results for THE GROUP! It is traditionally weighted to H2 and with a good forward order book the future looks good. The resignation of the CEO for personal reasons is a challenge that all companies have to face and deal with from time to time and should be viewed as an opportunity look to the future not the past. Nobody in any business is irreplaceable.

[jonwig] 22/11/2017 07:34

VANL's announcements are like the proverbial country buses. It looks as though the coming meeting and vote will be a real humdinger! "The Board believes the Ellis Resolutions reflect the failure by Mr Ellis to accept that Van Elle is no longer his private family business."

Since I hadn't even heard of the company before a week or so ago, and don't hold, I can't say much more than that I think it's basically cheap.

[zipstuck] 22/11/2017 07:26

The CEO is staying for a transition so not rudderless and he's not going elsewhere. Best wishes to his famiy and probably thebets outcome for all.

[pugugly] 22/11/2017 07:21

However far more serious (imo) is..



Potentially rudderless ?: However one has to be sympathic - Family should come first.

[pugugly] 22/11/2017 07:13

The BULL case
"Overall trading in the first half of the financial year has been positive and the Board expects to report turnover of approximately £53m (H1 2016: £43.1m) with underlying profit before taxation increasing by approximately 15% (H1 2016: £4.7m)."

[destinybagoshite] 22/11/2017 07:09

hiddeen away


Performance in the Specialist Piling division has been more mixed, with market and operating conditions in the Group's rail business remaining challenging in the first quarter, as indicated in the trading update on 12 September 2017. Whilst rail turnover growth has been reasonable, the commercial parameters in two specific electrification contracts have resulted in a dilution to gross margin, with a result that divisional profit will be below that in the comparative period. Pleasingly, margin performance has improved consistently during the second quarter and expectations for the second half are for a return to satisfactory levels.


h2 weighting to profit


down it goes

[tadastadska] 20/11/2017 15:47

my buy at 80.97 reported as sell lol,can't sell something what you don't have,but now I am holding some,this drop looks very overdone...GL

[jonwig] 17/11/2017 14:03

hoover - careful, now! If CLLN goes under, its subcontractors will be worried about getting paid. VANL is a natural subcontractor, and could be in that position. Somebody will know, I suppose.

As for market value, far more important is enterprise value: that debt has to be part of the mix. (10x equity, I think.)

EDIT: consensus seems to be that a debt-for-equity swap will let CLLN survive. So fears would be unfounded.

[hooverdam99] 17/11/2017 09:04

Sort of gets things in perspective when Van Elle has a market value almost as much as Carillion. The market likes stability and not volatility.

[jg88721] 15/11/2017 19:01

not sure why IC think it is so questionable. he's the founder and a substantial shareholder. if he thinks it can be performing better and he is trying to force change to achieve that, then good luck to him.! I hope he succeeds, and performance does improve. What's the alternative: apathy and passivity ?

[chris233] 15/11/2017 18:46

Could it be major shareholders have asked Mr Ellis to return prior to the offload of Mr Fenton & co

[zipstuck] 14/11/2017 13:29

Given that there is no change in outlook but Ellis wants more. Then looks investable at these levels with a further trading statement later in the month.

[jonwig] 14/11/2017 11:50

Master RSI - I see you read last night's close pretty well, anticipating today's bounce. To my (untrained) eye it seems to be running out of steam, and the spread would have meant making money from this a bit difficult. At least so far.

FinnCap hasn't commented again since March (I think) and has a 120p target. I'm not sure how the Network Rail contract delays, which seem to be the main problem, could have been avoided by different management.

[12358k] 14/11/2017 11:14

An insider speaks.."An insider told Construction News that Mr Ellis was concerned over how the company's share price had performed."Michael's not happy about it, he would have wanted them to have doubled [from the price the company floated at]," the source said."If Michael does go back, he will make damn sure the shareholders get a return on their investment." "

[cielos] 14/11/2017 09:22

The fools have big mouth - opodio - back side talk
Investors buy at those low prices

[master rsi] 14/11/2017 09:05

The bounce back is on

From the very start of the day, all the trades are buys and the spread can not be much closer 84.50 v 85p, and for the last 10 minutes paying full offer

[opodio] 13/11/2017 20:40

Profit warning and 40p

[jonwig] 13/11/2017 20:02

Comment from Investors Champion. (Register, then free to view):

[master rsi] 13/11/2017 16:06

it seems the bottom has been reached for today 80.50p

The last trades are all buys and every time the price paid is higher but still below the offer price 83p

Buys @ 82.8749p
Sells @ 81.55p

[master rsi] 13/11/2017 12:18

Is CFED tired of playing around with the share this morning?

Has beeen on the offer all the time till 12.08pm, where has been moving into the bid 80p and now @ 82p

managed to get a few below 83p

[cielos] 13/11/2017 11:21

The time is right so got some at 82p