Van Elle Share Discussion Threads

[twinks1] 02/8/2019 15:08

Which divisional director has been asked to leave? And how many redundancies?

[citizen_kane] 26/7/2019 16:32

Another round of mass redundancies has occurred this week with further to come next week.

Another Divisional Director has been asked to leave.

Moral must be at an all time low.

[thorne3] 26/7/2019 12:25

I would agree that at this level the company is vulnerable to a bid;I would have thought that a "kitchen sink" approach to the April 2019 Accounts will have been adopted.

[nobilis] 24/7/2019 13:11

Bid approach /mbo from former chief coming

Wyg 200pc premium again here imho

[redartbmud] 24/7/2019 10:33

Ripe for a takeover, in this distressed state.
Clear out deadwood, save on overheads.
Nice profit to be made.

[jwball] 24/7/2019 10:09

Restructuring shouldn't result in losing half your profit year on year if it is done in a planned and structured way. Something tells me they are clutching at straws.

[jamesk3] 24/7/2019 07:21

further reduction in profit to 4 million. This re-structure has to be one of the longest in history. The press releases keep stating that 'operational weaknesses' are the cause. Surely after a year these should have been curtailed long ago. Also there did not appear to be any operational weaknesses when this company was the most successful geotechnical contractor in the UK in terms of profit making only just over a year ago. What a year !!!!

surely at the last press release they must have had a better guess that another 0.5 million worse off, what have they done with 0.5 million in a matter of days ?

emphasis on staff retention is mentioned, given the number of walkouts that's not surprising.

No hope for improvement any time soon so kiss recovery goodbye for at least 12 months

[redartbmud] 24/7/2019 07:02

Nothing desperate in the statement.
Pretty much as I expected.

[lammylover] 23/7/2019 21:29

Hi Doom-Mongers!

Van Elle current market capex at 35p/share is £28m
Year to 30/4/19 expects pre tax profit of £4.5m (down from original prediction £5.0m) P/e looks v.cheap at this price..

Last years full year dividend was 3.3p. Next ex dividend date is around 6/9/19, won't be 2.3p like last year, but assuming we get something, it will be a good % return at 35p price.

Alternatively, if you think results are going to be much worse, keep shorting!

All the best Rich

[twinks1] 22/7/2019 18:38

Does anyone else think the results are going to be far worse than they’re saying?

[jwball] 22/7/2019 13:42

Maybe Van Elle should update their misleading website then as it states "Mark Cutler is a chartered Civil Engineer"

[citizen_kane] 22/7/2019 13:00

I think Mr Cutler may have larger, more pressing issues to think about.

[jwball] 22/7/2019 08:09

Interesting that Mark Cutler is no longer a chartered engineer after letting him membership lapse??

[creditcrunchies] 19/7/2019 10:46

at best these are a penny share punt on the hope the company has stabilised waiting on a huge order for infrastructure projects requiring specialist piling contracts. Meanwhile capital on heavy machinery assets sitting idle waiting for that moment depreciate in value. I tipped my toe in once then got out sharpish. It reminds me of Ashstead which was a mess but just keeping solvent then out of nowhere huge deamnd for heavy machinery after a wave of hurricanes swept across the USA the share price just went vertical

[diku] 19/7/2019 08:16

As I have said before trading updates are only good for that particular moment in time...even that is questionable...a minute later its a different story...

[jwball] 19/7/2019 08:02

Cutler couldn't run a bath. I reckon you could pay me 600k to run a company into the ground.

[creditcrunchies] 19/7/2019 07:48

So they basically deceived everybody in the last announcement it is basically worse than the negative one before that. These people are dishonest that's enough to stay clear

[kinwah] 19/7/2019 07:45

Truth is there is a huge amount of uncertainty in the construction sector. I only realised this week about the changes for subcontractors coming in on 1st October. There will be a VAT reverse charge. I won't bore people by explaining it in detail but it means that smaller firms at the end of the chain won't charge VAT up the chain. The impact will be that your small piling and groundworks teams won't have that extra 20% on their invoices to use as working capital before paying it over to HMRC. Although probably unhelpful for VANL this will kill off some of the financially stretched competition. Expect to hear a lot more about it as people work out the consequences.

[taffygolf] 19/7/2019 07:14

I don't understand why they didn't give a warning earlier. The EOY result must be a bomb.

[taffygolf] 19/7/2019 07:11

600k!! World's best paid Clown. I have no confidence in the NEB. This is an almighty fail. Such a shame.

[escapetohome] 19/7/2019 07:07

Oh dear , is this another con struction industry profit warning?

Stay away from this industry with your money is my mantra.

[jonwig] 19/7/2019 07:06

Twinks - whatever you do, don't follow the opinions of other posters on BBs unless they're based on detail and appear well-reasoned. You'll only make money by developing your own powers of judgment.

As for the remark that one shouldn't comment about a share one has no position in, that's just daft! How companies work and run their businesses, how share prices move about, are simply very interesting things to explore and study.

I know a chap who can talk in detail about just about every make and model of car, but only ever owns Toyotas.

For my own two-pennorth here, I'd stay clear of construction for a good while, and I'd avoid companies where there are boardroom disputes. But I'm not expecting anyone to listen to that!

[dplewis1] 19/7/2019 06:55

Ouch.. so it's going to hit the deck and then stay there. Not even going to attract bottom fishers..

[onjohn] 19/7/2019 06:48

market uncertainty and the resultant volatility may persist further into the current financial year, which would limit the rate at which progress can be made.


Profit warning. 20p