Van Elle Share Discussion Threads

[keyno] 30/4/2019 07:58

Curious. On the one hand, several brand new to ADVFN posters appear who only post negatively and only concerning VANL and on the other hand another poster claiming shares are difficult to buy (they're not and no I didn't). So much effort. All come out in the wash............

[msufi77] 30/4/2019 07:47

should break 60s today very difficult to buy

[msufi77] 30/4/2019 07:27

nt trade to buy

[twinks1] 30/4/2019 07:20

So today they will.maximise the trading figures by tipping the backside out of all contracts running into May. They will start preparing a set of accounts the auditors will barely glance at and they will get away with it as there are NO accounting procedures or safeguards in place. Cooking the books may seem.a bit harsh but the year end Van Elle accounts are more in line with a fairytale than reality. They bolster there turnover with revenue that hasn't yet been achieved and worh jo contract costs it obviously lifts the profits too. They do it EVERY year and every year they make less and less money and the contracts never materialise. Maybe the auditors need to look at their accounts more closely.

[twinks1] 30/4/2019 07:19

So today they will.maximise the trading figures by ripping the backside out of all contracts running into May. They will start preparing a set of accounts the auditors will barely glance at and they will get away with it as there are NO accounting procedures or safeguards in place. Cooking the books may seem.a bit harsh but the year end Van Elle accounts are more in line with a fairytale than reality. They bolster there turnover with revenue that hasn't yet been achieved and without contract material costs it obviously lifts the profits too. They do it EVERY year and every year they make less and less money and the contracts never materialise. Maybe the auditors need to look at their accounts more closely.

[msufi77] 29/4/2019 14:07

nt trade to buy 70,000 over ask at 57p n 17.500 at 57p over ask price ready to fly seatbelts on tight

[jamesk3] 28/4/2019 22:28

I must say the delayed contracts has been in every trading update and the excuses are simply not good enough. Lets not forget where this company was during the Jon Fenton era. Profits and turnover increased year on year. Since then its been a downward slope and practically all of the management and directors that got the company up to 100 million turnover have left. All the new CEO has achieved as breaking what was not broken. The statements of streamlining and re-structure are all a consequence of leavers rather that an actual plan. The directors in place based on other comments are woefully under experienced and out of their depth. The order book statements are also not encouraging for me given that every trading update works have been put back. The share price has a long way to go to recover my investment and i am not encouraged at all thus far. Unfortunately its not the same company as the one that was initially added to the market.

[lammylover] 27/4/2019 08:10

Someone (assume its a II unless it original owner, Ellis?) dumped 16m shares yesterday at 48p. These weren't sold at a massive discount to the bid, so someone else wanted them and sees value. If big seller is out, spare price should start to climb a little now IMO. Rich.

[creditcrunchies] 27/4/2019 07:51

I wouldn't buy these I have been in and out in the past it's just their business model I don't like they're just contractors to infrastructure projects with a lot of revenue tied up in deprciating heavy machinery. It's not my type of business after reviewing it over and over

[lammylover] 27/4/2019 07:42

Where's all the doom mongers gone who were predicting share price 4.5p? Posting loads of old company history and hearsay to try and talk the price down? Well you could have bought at 42p if you wanted? But did you or just sit on the side lines?

I seem to recall less than a month ago putting the following post out which was didn't fit the doom mongers narrative and being told that I was trying to talk the price up..

1/4/19 Have you guys bought in yet? Or are you still trying to talk VANLs share price down? Its starting to be walked up again over the last couple of sessions by the MMs, so a good chance (last chance?) to still buy below 50p....DYOR and good luck! Rich

[creditcrunchies] 27/4/2019 07:34

their business is booming again with lots of projects bursting the order books which is the opposite to what they said in their last trading update when they issued guidance very strange. Who to believe here all we know is the statements don't match.

Back in January:
"This is a transitional year for the business and since my arrival in August 2018, I have been undertaking a full review of the business. As part of this process I have been taking action to refine the Group's commercial approach, streamline operations, strengthen the leadership team and re-focus on our key customers. This is already creating a strong platform from which to pursue our growth strategy.

"The third quarter has been more challenging than we anticipated, with a disappointing performance in General Piling and several project delays. As a result and despite good momentum being carried in from the first half, we don't believe we will be able to deliver the significant step up in performance during the second half that we anticipated at the time of our trading statement in December 2018.

Now (this contradicts itself):
As a result, whilst volumes in the fourth quarter have been the strongest of the year to date, sales for the full year are expected to fall short of levels previously expected by circa 3%. This reduction in forecast sales for the current year is expected to result in the Group delivering full year adjusted PBT slightly below the lower end of the range of market expectations.

[citizen_kane] 26/4/2019 13:39

They have a good spin doctor, I’ll give them that.

[msufi77] 26/4/2019 13:04

nt trade only to buy next near term target 1.20

[learos187] 26/4/2019 11:28

Profits down but the next period will be the turnaround. Wasnt it the same message last time.

[danny baker] 26/4/2019 10:20

Yes encouraging signs of recovery. I bought a few at 43p at the open. Construction sector is rather under the weather at the moment with GFRD and KIE but I think there is value around.

[standish11] 26/4/2019 08:59

Results below expectations but outlook statement far more positive with reduced debt.

[diku] 18/4/2019 20:42

4.5p??...lets just wait for 4.5p then...if nobody buys the shares it will get there sooner...

[citizen_kane] 17/4/2019 12:20

It’s bad, but 4.5p bad!!!

That is another level.

[creditcrunchies] 16/4/2019 11:34

That's pretty funny it predicts the share price at 4.5 pence a share within 12 months. Worth watching to see how it pans out

[jamesk3] 16/4/2019 01:04

hxxps://walletinvestor.com/lse-stock-forecast/vanl-stock-prediction

this does not look like a good outlook !

[creditcrunchies] 15/4/2019 15:01

So this company is a dead man walking basically time to take this off a watch list

[diku] 11/4/2019 22:39

Morale of story is not what you know but who you know that gets you around...

[gavbro0] 11/4/2019 17:42

Thanks for the heads up!I just want throw eggs at the whole lot of them at this years AGM after hearing all that.Work till I drop it is for me then. Oh well, could be worse...

[twinks1] 11/4/2019 10:05

jwball you are right and Bullock only had 6 months experience as a divisional director prior to leaving for Asia. It's madness as you said.