Van Elle Share Discussion Threads

[master rsi] 12/2/2020 17:42

A large size buy reported after hours 30K @ 56.50p, no wonder the spike late on the day or after the RNS of 2 stakes being top up, must be the 4,186,961 share place by the director at 50p on the 6th February .........

12-Feb-20 17:07:33 56.50 30,000

[master rsi] 12/2/2020 17:27

From the "UPS" thread ...

Master RSI 12 Feb '20 - 16:04 - 288 of 291 Edit
UPS
VANL 54p ( 53-55p )

On the recovery path after restructuring an placing new directors at the helm. Should be a beneficiary of yesterday's Government news on the go ahead for HS2. The CEO has been buying 3 times for the last 2 months. Some good buying since yesterday as the spread is narrowing.
At the last Interims "We have a clear strategy focused on three core markets - housing, infrastructure and regional construction - where we offer a broad range of end-to-end technical capabilities through our extensive and well-invested rig fleet. Good progress continues to be made in building long term and strategic relationships with our key customers in all sectors."

[qs99] 12/2/2020 08:47

Am in for a few......think HS2 could be a real uplift for this company....as ever not without its risks.....long-term hold!

[dplewis1] 10/2/2020 22:08

HS2 gets the nod so will VANL get a nice uplift..?

[gavbro0] 03/2/2020 18:23

Probably why Cutler has been filling the truck these last few days!?

[mfhmfh] 03/2/2020 15:34

HS2 might also benefit the company because its 2 main sites at Pinxton and Kirkby-in-Ashfield are on the proposed H2 corridor.

A CPO might be needed.


Admission document with details of the headquarters:

hxxps://www.van-elle.co.uk/investors/Aim_Rule_26/Admission_document.pdf


Proposed H2 corridor:




All IMHO. DYOR.

[mfhmfh] 03/2/2020 15:31

could VANL fly if HS2 is soon approved?

[lammylover] 29/1/2020 08:54

Looks like Mark Cutler (CEO0 is trying to drive share price up on his own with £19,702 purchase of shares at 51.76p. Keep buying Mark! Rich

[redartbmud] 26/1/2020 12:48

Keyno

Post 660 - Admin error note12

"The Board of the subsidiary company will pay a dividend to the Company in advance of the final proposed dividend being paid to ensure that the Company has sufficient distributable reserves in order to pay the dividend."

Regrettably, as a result of an administrative oversight, the subsidiary company dividend referred to in Note 12 to the 2018/19 Accounts was not made and as a consequence the requisite level of distributable reserves were not available within the Company prior to the payment of the Dividend. In addition, interim accounts should have been filed by the Company in respect of the payment of the Dividend. Consequently, the Dividend is technically unlawful.

Dividends can only be paid out of distributable reserves and they have to be sufficient, at the time of the payment.
A dividend was due to the parent, from a subsidiary.
Without it, reserves were not enough.
Eg
Reserves £1000
Dividend due £1100
Shortfall £100

Pay Dividend from subsidiary £200 = Adjusted reserves £1200, so reserves are enough.

Some clot FD? or minnion, didn't transfer the dosh, fom A to B in time, ie. before the Company paid the dividend.

The statement "Regrettably, as a result of an administrative oversight, the subsidiary company dividend referred to in Note 12 to the 2018/19 Accounts was not made....."
That has broken the law according to the Companies Acts.

The wording is ambiguous as to whether the subsidiary didn't pass the right resolutions, or that they did, but just forgot the tranfer of funds. Clumsy or clever?
In order to correct the problem, they have to hold a General Meeting to approve, in retrospect, to propose and pass the necessary resolutions to correct the problem.
Rap on knuckles!!

red

[dplewis1] 26/1/2020 11:35

Painful isn't it Keyno. Spurslegend11 aka HotandColdStocks aka BrotherHumble aka StockStracker has been at it for weeks now. Different aliases spamming the same link to his twitter I guess ADVFN don't care about it

[keyno] 22/1/2020 11:38

Anybody understand the "administrative error" bit, note 12 in the accounts?

[lammylover] 22/1/2020 11:10

At least they've cut dividend by 80% to conserve cash!

[jwball] 22/1/2020 10:51

Massive reduction in cash and doubling of debt doesn't look good.

[mfhmfh] 22/1/2020 09:39

Peel Hunt reiterates 55p target price today.

Hopefully the company is now entering a growth phase with increased government spending to come.

[lammylover] 22/1/2020 08:48

Results as expected. Need to ensure work picked up is profitable and ideally gain some high margin railway work. Holding mine for recovery (at least its still profitable, which can't be said for all small AIM stocks) Rich

[brummy_git] 22/1/2020 07:54

Positive coverage too from Equity Development on Twitter

[redartbmud] 13/1/2020 15:22

That would have been pre-arranged.