Van Elle Share Discussion Threads

[chrisdgb] 04/8/2021 10:46

Results in two weeks will hopefully reveal more.......

[chrisdgb] 22/7/2021 14:22

Should be trading their socks off.............

[redartbmud] 14/6/2021 08:33

Bottomfisher

I totally agree.
Summaries can be found usually under the 'Fundamentals' header on websites such as the London Stock Exchange, London South East Trading etc.
They supply summary data that has been extracted from the report & accounts covering P&L; Balance Sheet and some key ratio's.
It is a good snapshot of trends, without the detail.


red

[bottomfisher] 14/6/2021 08:11

Thanks for that Red. Bolsters my view that all companies should be required to include a 5-year table in their annual reports covering basic financial information such as revenues, profits, net assets, net debt, staff numbers etc. Companies which are confident enough to include this kind of financial review tend to make more reliable long-term investments.

[redartbmud] 13/6/2021 22:26

Bottom

Looks at Revenue and Operating Profit annually from 2016 onwards. Flat revenues and rapidly declining operating margins.
Agreed, the last reported results include covid disruption, but that has only exacerbated what was already happening to the annually reported numbers.

It doesn't require a major analysis to see the scale of the problem.

red

PS. I still hold.

[bottomfisher] 12/6/2021 10:40

Dear Red,

Interested in your comment that "this business still contains major structural problems within the business model".

Any chance of elaborating on what these are?

Kind regards

[redartbmud] 11/6/2021 11:40

PUGUGLY

I am a retired Finance Director and FCA.
I would never have put out that statement in that form. It is not clear as to the exact meaning.

red

[pugugly] 11/6/2021 11:27

Red - No you are not! Looks as though a jargon word for accountants and therefore not easily understood by the general public,

[redartbmud] 11/6/2021 10:25

I emailed the PR company and this is the answer:

Thanks for your email.

‘Ahead of’ is commonly used to refer to better than. i.e. in this case, losses before tax will be better than the forecasts and therefore a lower loss before tax than previously expected.

Regards,


Hmm.....
Now I know. I am thick. I should have known all along, except I didn't know. Did I?

red

[muckshifter] 11/6/2021 08:34

Agree that momentum is good news, but still found the update a bit disappointing. Any significant sentence which reads as ambiguously as the one PUGUGLY highlights troubles me, and I find it hard to believe that the ambiguity isn't deliberate, as the sentence must have been read and considered by a few senior people, and they can't all have failed English O Level.

[redartbmud] 11/6/2021 08:12

PUGUGLY

Totally agree. This business still contains major structural problems within the business model. I am not sure what steps are still needed to solve them.

As for that sentence. Shoot the messenger!!


red

[chrisdgb] 11/6/2021 08:04

Momentum is clearly very strong, the future is the focus not the past....!

[pugugly] 11/6/2021 07:47

Trading update out - Initial reaction trying to justify slightly increased LOSS- not happy reading - Recovery of profitability kicked down the road yet again - either one for the bottom drawer or take a loss and redeploy funds to more likely profitable area.

This section badly worded (imo) "adjusted loss before tax to be slightly ahead of consensus forecasts" Does this mean a bigger loss or a lower loss? E- for use of English!!

[chrisdgb] 10/6/2021 11:07

Are we due a trading update soon......should be flying...?

[chrisdgb] 24/5/2021 13:53

Should be good momentum in the business at the moment..........

[the oak tree] 22/4/2021 17:20

Thanks Muckshifter.

[muckshifter] 22/4/2021 10:27

Missed the live presentation, but watched it this morning, and I'm impressed. As I originally thought, the two companies have very complementary skills and client lists, and, hopefully, the two management staffs know each other well enough to make a great success of the takeover for all concerned.

One "omission", imo, from the presentation was that they emphasised the attraction of the safety benefit to clients of offsite fabrication cutting numbers and exposure of manpower on site to a minimum, but didn't even mention the other significant benefit, to the main contractor, on such as motorway upgrades. My expectation, after a working life in major civils contracting, is that work such as motorway and perhaps rail upgrades is dominated by the need to programme site occupancy between perhaps 20 subcontractors successfully, with the ever present probability of unforeseen events interrupting the programme. In such circumstances employing a contractor who can cut on site time to a minimum, thereby giving the main contractor extra float, is a great advantage. The other possible benefit is that provided the main contractor can get off site manufacture of systems paid as "materials on site" in early valuations well before the programmed installation, and of course pay VanL, which shouldn't be a problem, it provides the main contractor with a further possible flexibility in their programming. Perhaps diplomacy prevented this sort of stuff from being mentioned in the presentation.

[hybrasil] 16/4/2021 15:50

I have been averaging down the past few days. It’s beginning to look squeezy

[muckshifter] 12/4/2021 08:34

Interesting RNS this morning about a presentation related to the recent acquisition
on IMC next week. It looks like Van Elle are very pleased with the acquisition, so it will be interesting to me on two counts: what the presentation says about how Screwfast enhance the company's prospects; and a first look at the Screwfast MD and how he & the Van Elle management "gel". I remain hopeful that he will add further strengths to the team, and that Screwfast will prove a good acquisition.

[muckshifter] 01/4/2021 11:07

Yes, I agree it does look like a nice acquisition. The fact that the two companies have worked alongside each other on several projects means, imo, that Van Elle really have been able to study the company in action over a period of years, and that their offering is different and complementary to Van Elle's capabilities, or they would not be working alongside each other.
It also looks like facilitating entry to new lines of work, and might add further entrepreneurial skills to the team. Quite pleased by the announcement.

[chrisdgb] 01/4/2021 09:06

Well, a nice looking acquisition this morning....growth ambitions abound......

[gavbro0] 31/3/2021 10:45

Great to see them purchase 4 x more rigs as well!

[chrisdgb] 31/3/2021 10:38

Nice to see Gresham House topping up........

[danmart2] 30/3/2021 09:04

Network Rail yearly budget until April 2024 down to 9.4 billion from 10.4 billion.

More concerning, the 2024 - 2029 Control Period 7 budget rumoured to drop to 6.9 billion.

What does it mean for Van Elle?

Far less new project works, far less piling and ground works, railway cash cow coming to an end.

What about the jobs Van Elle are currently working on via main contractors on the railway?
Expect ‘efficiencies’ will need to be found.

Van Elle is not a company to get enthusiastic about

[diku] 30/3/2021 08:45

Early doors buyers coming in...