Van Elle Share Discussion Threads

[spoole5] 17/4/2017 09:34

Looking interesting at these levels. Basically a temporary 5% revenue reduction has knocked 40% off the share price.

[philoosh] 07/4/2017 12:52

Seems to be sliding a bit further. Residual drops? Lets hope it stabilises and picks back up again.

[dingo_dollar] 07/4/2017 11:58

My gut feel is there will be more bad news to come with regards to the Rail division.

[alfieduncan] 05/4/2017 09:39

Not a bad level imo. Although I`d be tempted to wait to see how they`ve performed in first quarter, what the order book is looking like and whether the dispute with former employee has been resolved.

[philoosh] 04/4/2017 10:58

So is it now worth buying in to this or is the stability short lived?

[alfieduncan] 03/4/2017 12:03

Good to see that on 30th March 2017 ``Adrian Barden, acting Non-Executive Chairman, acquired 47,920 ordinary shares of 2 pence each in the Company ("Ordinary Shares") at a price of 83.5 pence per share.``

He didn`t need to show loyalty and invest £40k as he`s already a shareholder. Hopefully he sees Van Elle as good value at these levels.

Taken from 17/10/16 press release.

Adrian Barden appointed Non-Executive Director at Quinn Industrial Holdings.

``As a previous Chairman of the Construction Products Association and former Chief Executive (UK & Ireland) of the publicly quoted Wolseley plc group, Mr Barden brings an enormous wealth of experience and insight that will benefit the company in all its markets.

Mr Barden is Managing Director of advisory firm Blue Burgee Ltd and a consultant to Gerson Lehrman Group, a leader in business research services for investor and shareholder groups. He also performs non executive roles across a range of construction and engineering related business including Van Elle Ltd and Volution Group PLC.``

[huttonr] 30/3/2017 16:22

I've bought a few this morning - my assumption is that the share price is bouncing, having been very oversold. I'm also assuming, as the price has dropped so much after their last statement, they will probably produce another trading statement at the end of April (end of the financial year) to try to reassure shareholders.

I think these are reasonable assumptions but .... who knows?

[alfieduncan] 30/3/2017 15:50

Encouraging signs that the recent fall may have abated.
Mostly buys today I would say. Having had a keen eye on it and testing the market with dummy trades. A number of likely looking sales were,imo,buys. Looks as if the recent lack of confidence may now be in the price. Well here`s hoping there are no more skeletons in the cupboard.

[basem1] 30/3/2017 09:04

The bottom ?? Back to mid 90's now ?

[jg88721] 29/3/2017 08:47

agreed Alfie. Kendo just likes to spout - facts and evidence are unnecessary, and just get in the way!

Remember too, that the company assured at the last trading update, even after its problems, that: " .... the Group is still well positioned to deliver double-digit revenue growth in the year ending 30 April 2018 albeit from a lower base in 2017 ...". Hardly a failing business model ... without them Kendo, just how do you think the piles are to be driven, etc

[alfieduncan] 29/3/2017 08:04

`business model`
a plan for the successful operation of a business, identifying sources of revenue, the intended customer base, products, and details of financing.

Ken I can`t go along with your description of what you think is happening here. Fortunately it`s not as simple as that. Confidence has taken a knock. You know the reasons but it`s way too early to call Van Elle a `failing business model` imo.

[alamaison5] 29/3/2017 07:36

Nope, because it's rising. To big to fall. 32 years trading...
Contract in the pipeline etc...See the buying pressure, 10,000 here, 10,000 there?
90p next stop.

[kendonagasaki] 29/3/2017 06:38

Failing business model imo.Best to be avoided!lower to fall here.

[alamaison5] 29/3/2017 05:25

Still, 31% drop, from 120p, is overdone.
It should stabilise around 90p then with a new contract or two 100p.
Let see what's next...

[jg88721] 28/3/2017 18:50

Opodio, no the CEO didn't just quit, and they're not rudderless. Fenton remains CEO and a significant shareholder. The founder and non-exec chair resigned after the float, as did his a bloke I think is his son-in-law. His coy secretary tasks go to CFO, and other exec mgmt. team pick up his other responsibilities. He wasn't a long standing member of mgmt. team.

Charlieg, it was not just a 5 % t/o drop, and lower margins, they also signalled that in addition to later starts on contracts this year, that there is greater uncertainty and less visibility on contracts for next year. We've also had the resignations noted in my first para, and some new contingent liability but too vague a disclosure to quantify impact. All this from a company which only floated very recently - and presented itself as well managed, and well placed for growth. some real questions on mgmt. credibility. Restoring its reputation, and share price rating will take some time, IMHO.

[opodio] 28/3/2017 18:24

CEO quit didn't he? Rudderless

Nuff said

[opodio] 28/3/2017 18:22

Shares are Going sub terranian

Don't trust the management 50p for me

[charlieg11] 28/3/2017 17:25

Difficult to believe that announcing a 5% drop in full year t/o can have such an effect on the share value. In a specialist construction market with the uncertainty of BREXIT at the beginning of their FY and the distraction of an IPO to boot, a double digit growth is still a decent performance. With likely double digit Y/E profits, my guess is that they are guilty of issuing overly negative reports diluting some of the positive aspects. Just saying.

[alamaison5] 28/3/2017 11:47

Worth reading? I leave you to decide...


As the bid is increasing without any particular reason I can only guess that we have someone buying in the background.

[alamaison5] 28/3/2017 11:00

83p on the the real bid.
84p on the ask.

80.50 was the bottom.

[alamaison5] 28/3/2017 10:57

VANL: I can see, from the chart that a recovery to 100p is underway.
Very healthy L2 now:
Time Market Maker Size Price
11:54:00 5000 82
11:54:00 3000 82
11:32:00 3000 80
11:54:00 5000 79
11:50:00 3000 74
Price Size Market Maker Time
84 3000 11:50:00
85 5000 11:54:00
86 3000 11:32:00
87 3000 11:54:00
87 5000 11:54:00

[alamaison5] 28/3/2017 10:56

Gorilla:
In any case scenario a fall from 120p to 83p for a 5% decline in revenue is exaggerated, lol.

L2: Looking appetising!

Time Market Maker Size Price
11:46:00 3000 81
11:47:00 5000 81
11:32:00 3000 80
10:08:00 5000 77
11:50:00 3000 74
Price Size Market Maker Time
83 5000 10:08:00
84 3000 11:50:00
86 3000 11:46:00
86 3000 11:32:00
86 5000 11:47:00

[redartbmud] 28/3/2017 10:15

Big sellers around. Eventually they will be exhausted, but maybe not yet.

[gorilla36] 28/3/2017 09:33

Alamaison5 - "Fall overdone. Should recover fast...". Perhaps! Would you care to share your thoughts on why you are optimistic?

[esther1975] 28/3/2017 09:00

It's looking rather tempting but level 2 would suggest otherwise