Van Elle Share Discussion Threads

[jwball] 16/8/2019 10:36

Probably so people who have bought in recently don't dump their shares too quickly.

[gisjob2] 16/8/2019 09:56

The spread is huge on this share.

[twinks1] 15/8/2019 22:36

Just curious as they are not being honest about what’s going in the ground to clients so as a shareholder can I trust the reported figures to be true? As a side note I bloody hope so or I stand to lose a lot of money :(

[twinks1] 15/8/2019 22:29

At the AGM as a shareholder are you allowed to challenge the board about ‘amending̵7; test results for concrete and pile integrity or is that something you can’t do? Sorry never been to an AGM before!

[kinwah] 13/8/2019 14:24

I see they aren't putting any special resolutions forward at the AGM as they were all defeated last year.

[gisjob2] 11/8/2019 16:50

lammy, when you say potentially worth I'm not sure what is meant by this. Does this imply the work can be cut short and so not necessarily worth £13 million. I assume this work as stated is over at least 2 years ?

I've worked in Civil Engineering for over 30 years for a number of very large companies and I can tell you the profit margins are awful. Most of the companies I've worked for expect a average profit margin of around 4% at present. Therefore 4% of £13 million is £520 thousand over 2 years is around £260 thousand per year profit if the contract reaches it's full potential, the project goes to plan and there is no litigation involved. Unfortunately projects don't often go so smootly. Worth having but not earth shattering although another 20 projects like this would be good.

It's worth mentioning that a lot of the large civils companies are outsourcing a lot of their office work to India to reduce labour costs to try and make a better margin such are the poor profits being made. Revenue of 13 million sounds great but what margin are they going to make ?

Companies that don't outsource behind the scenes labour are likely to be squeezed further on profit margins.

Just to be clear I don't hold shares in this and I'm not short, although I did consider it a while back and should have shorted then ! Damn.

[lammylover] 11/8/2019 16:03

Citizen, only bad news is news eh? Bet you're fun to live with!

Rich

[citizen_kane] 11/8/2019 14:28

I wouldn’t get too excited by this.

Are you aware of the profit margins connected to these schemes? Have they ‘bought’ these works? Are they going to catch a cold on these contracts?

Customers and clients have no confidence in VE. They are having to buy contracts at an unattainable rate which will eventually upset the apple cart and have a knock on effect on the bottom line.

These headlines are papering over the huge cracks within the business. Again, simply ‘spin’.

Let’s see how well they perform.

[lammylover] 11/8/2019 09:30

Hi Doom Mongers - some positive news...

Van Elle has picked up four motorway works contracts that are potentially worth up to £13m to the company.

The four jobs are all for major civils contractors delivering Highways England’s smart motorway programme: M4 junctions 8/9-12 for Balfour Beatty Vinci JV; M6 junctions 13-15 for Kier; M1 junctions 13-16 for Costain Galliford Try JV; and M27 junctions 4-11 for BAM Nuttall Morgan Sindall JV.

The contracts are expected to run until mid 2021.

Equipment to be deployed includes restricted access, large rotary and lorry mounted rigs to tackle a range of ground conditions and access constraints.

In addition, Van Elle is already working on the M23 and M20 schemes for Kier and last year completed work on the M1 J23a-25 for Costain Galliford Try JV.

Chief executive Mark Cutler said: “The highways sector is a hugely important focus for Van Elle. We have built our capability across more than 150 separate highways projects delivered over the last 10 years, ranging from full ground investigation and survey through to smart motorway restricted access and large structures projects.”

Enjoy!

Rich

[twinks1] 07/8/2019 14:26

Worryingly though as they have so many ‘fake’ directors they’re under no obligation to say when they leave. Something’s amiss here and not adding up at all

[twinks1] 07/8/2019 14:21

Bullock has gone? That’s interesting.

[jwball] 07/8/2019 12:43

Oh dear, interesting times.

[citizen_kane] 07/8/2019 11:50

Jenny Hirst was the CEOs PA.

Jonathan Bullock is the latest Divisional Director casualty.

Paul Pearsons replacement lasted less than a month before packing his bags and leaving.

[jwball] 07/8/2019 10:14

Twinks who was the PA who left?

[twinks1] 06/8/2019 20:17

Getting a tad concerned now. Large number of redundancies in the rail division and the CEO's PA is no longer there having worked for the company for 30 plus years. Not sure whether to cut my losses or hang in there and hope!

[lammylover] 05/8/2019 23:06

Looking for a bargain Learos? If not, why are you hanging around on this chat room?

[learos187] 05/8/2019 08:43

Poor financial performance, mass redundancies, chopping and changing directors, the lowest percentage for paying invoices, repeated promises of work picking up followed by profit warning with fluffy positive carefully worded hints at good things happening despite no evidence of this. This company is going to fail spectacularly and yet investors have these wildly optimistic views, no wonder people lose so much money.
The amount of investors who thought VE were going to get loads from HS2 were deluded

[twinks1] 02/8/2019 16:08

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

[citizen_kane] 26/7/2019 17:32

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 13:25

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 14:11

Bid approach /mbo from former chief coming

Wyg 200pc premium again here imho

[redartbmud] 24/7/2019 11:33

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

[jwball] 24/7/2019 11:09

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 08:21

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