Van Elle Share Discussion Threads

[jwball] 17/7/2019 12:00

Not at all. If I were Mick Mason I'd be offloading these before they are worthless.

[twinks1] 17/7/2019 11:32

The non exec board predominantly. Obsessed with going 'corporate' worked out well for everyone hasn't it?

[jwball] 17/7/2019 11:10

More importantly who appointed Mark Cutler?
A terrible track record, no piling experience, no idea what he's doing.
Whoever signed that off needs to have a word with themselves.

[twinks1] 17/7/2019 10:29

They should hold their heads in shame as we as investors are losing a lot of money through their mismanagement
However Cutler and Co are thriving with their massive pay packets whilst they destroy what we are investing in. Unfortunately piling is a bit of a niche area and it's not always something people with corporate experience can just jump into and run. And when the executive board have no piling experience either and OK all the high end appointments it's not going to end well.

[citizen_kane] 17/7/2019 09:35

Adrian Barden, Mark Cutler, David Hurcomb, Robin Williams and Steve Pendergast should all hang their heads in shame.

Mark Cutler and Steve Pendergast have a legacy of failure. How obviously inept people carry on securing positions of power within organisations is beyond me? When will they wake up?
Van Elle are now reaping what they have sowed.

[learos187] 17/7/2019 08:44

Why are people still hinging this on the last update, where things were going to get better etc, thats what was said last time. NWR are not releasing any work at the minute and VE have massive problems. Outsourcing design goes to show just how bad a position this is. Directors coming and going is the sure sign that this company is in massive trouble. Most appointments have had no piling experience which isnt always a problem but it goes to show with each appointment / resignation / moving on that behind the scenes there are massive financial gaps. With each update stating that its been disappointing but the next one will be better is just stringing people along until the inevitable collapse

[twinks1] 16/7/2019 22:47

Also interesting to note, Mark Cutler relieved Mark Williams of his position as Group Marketing director and installed Philip Norville into the position lauding how good he was....mmm and he’s gone too

[diku] 16/7/2019 22:44

Trading update is only as good as for that particular moment in time...

[citizen_kane] 16/7/2019 22:26

Another Director brought in who flattered to deceive. Philip Norville - zero Piling experience,
12 months before being shown the door.
John Forster, no Piling experience shown the door after only 6 month.
The company wasn’t broken when Cutler took up the role of CEO.
Now look at it. The share price will be in the 30’s by the end of the week.

[twinks1] 16/7/2019 22:08

Also interesting to note, Mark Cutler relieved Mark Williams of his position as Group Marketing director and installed Philip Norville into the position lauding how good he was....mmm and he’s gone too

[citizen_kane] 16/7/2019 22:01

Another Director brought in under Cutler has now left.

This is no longer a re-structuring.

Everything that has come out of VE has been lip service with no solid fact or evidence.

The next 2 weeks will be very interesting when the figures are finally published.

[jwball] 16/7/2019 09:36

Forget that, found it:-
hxxp://www.constructionenquirer.com/2019/07/16/third-van-elle-board-director-exits/

The worrying part for me "design is to be outsourced to a third party."

They really are on the rocks, can't design their own schemes, useless backwards step.

[jwball] 16/7/2019 09:11

James, where is the report that John Forster has left?
Surely as a listed company this should be notified to shareholders.

[creditcrunchies] 16/7/2019 08:14

I thought the last trading update was positive about an increase in orders and optimistic for the rest of the year. It did seem a bit strange as the announcement before that was a profit warning with a shortfall of orders coming through which would impact final results. The inconsistencies here is the real concern because we could have a case that there is a black hole somewhere in the figures

[jamesk3] 16/7/2019 07:58

commercial director now left and also another director of a smaller division, is everyone there called a director ? there cannot be many left !

Not sure all this can be down to a re-structure ...

price too low to sell no option but to hang in their, have a horrible feeling about EOY results.

[twinks1] 11/7/2019 17:13

Don’t think it will make any difference unfortunately the attitude will power and desire to win jobs is long gone at VE even handed on a good plate
It’s a shame another company has gone under but so many piling firms have gone on the past and VE have never managed to make anything of the opportunities

[learos187] 11/7/2019 12:44

Aspin have gone into administration which opens things up

[twinks1] 04/7/2019 21:04

Figures will be massaged as I'm sure the financial controller will be after PP's job probably be dangled to her on a promise and they will get the result they "need" it's a shame PP is leaving though as he is very good for the company and they should have kept him. All they need is to be audited properly and it will ALL come undone but as a shareholder I wouldn't want that because it is Carillion all over again but thankfully not going to affect as many people when it goes pop. Such a shame. Thought I had invested wisely noises made less than 2 months ago shares would go up again....

[citizen_kane] 03/7/2019 22:37

I heard that PP handed his notice in after being asked to ‘massage figures’.

So the end of years are indeed going to be interesting.

[gavbro0] 03/7/2019 19:43

I'm a long term investor so I'm holding onto these guys for a wee bit. Getting hammered in all fronts ie Brexit, Building downturn etc. But that's ok.However, when things start looking up, I'd like to see them chase hard for big contracts and our main man had better see that we are preparing for the good times ahead and doing all the spade work now.

[jamesk3] 03/7/2019 07:11

is everyone else waiting with baited breath for the full year results ?
There has been a new article published and I get the feeling we are being prepared for bad news !

hxxps://www.theconstructionindex.co.uk/news/view/no-pain-no-gain

I don’t see the evidence of ‘turnaround skills' from the CEO and the author seems to take artistic license with the facts’.

Barhale CE 2010 to 2013 and left in Jan 14 after very poor 2013 results 2.6 million loss on 124.4 turnover. He leaves amid a 'management re-structure' in which the chairman and MD return to a hands on approach/ take back control.
2014 - Balfour Beatty UK for 8 months, with a series of profit warnings and again 'management re-structure'.
nothing until 2017 / 18 then is BB HS2 and we all know how well HS2 is going.
then over to VE with profit warnings and share price slump and ROE considerably below average.

Does anyone have any good news ?

hxxps://www.building.co.uk/news/balfour-beatty-trouble-shooter-exits-after-eight-months/5071168.article

hxxp://www.constructionenquirer.com/2014/11/06/barhale-bounces-back-into-profit/

[lammylover] 02/7/2019 23:18

Don't fret doom mongers, I'm still here!
I guess you guys either want to buy at a lower price or just enjoy hanging around enjoying others misfortune? Of why would you be here....??
Either way, can't see price dropping much more, so a good chance to buy in? (if you actually do buy shares??)
I note the MMs dropped price today 8.9% on £45K worth of shares traded, so could easily bounce tomorrow.....GLA Holders and Buyers! Rich

[jwball] 02/7/2019 14:33

Sub 40p looking possible before the month is out.

[jwball] 02/7/2019 14:11

Where's Lammylover when you need him?

[creditcrunchies] 10/5/2019 09:45

this stock shows up as too good to be true on Stockopedia when you read the comments on here stating the company is in collapse, the employees leaving in their droves, directors leaving, nobody left with any knowledge. None of this shows up on the balance sheet.