Share Name Share Symbol Market Type Share ISIN Share Description
Van Elle Holdings Plc LSE:VANL London Ordinary Share GB00BYX4TP46 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.04% 48.50 9,915 14:19:33
Bid Price Offer Price High Price Low Price Open Price
47.00 50.00 48.50 48.00 48.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 84.37 -1.40 -1.30 52
Last Trade Time Trade Type Trade Size Trade Price Currency
14:19:33 O 220 50.00 GBX

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Date Time Title Posts
17/9/202113:53Van Elle - Piling and Ground Engineering Contractor831

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Van Elle Daily Update: Van Elle Holdings Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker VANL. The last closing price for Van Elle was 48p.
Van Elle Holdings Plc has a 4 week average price of 44.50p and a 12 week average price of 44.50p.
The 1 year high share price is 50.50p while the 1 year low share price is currently 34.50p.
There are currently 106,666,650 shares in issue and the average daily traded volume is 31,306 shares. The market capitalisation of Van Elle Holdings Plc is £51,733,325.25.
boystown: Tipped by Master Investor FWIW. I have some (but wish I hadn't for the last couple of years!). Here it is.... Yesterday’s finals announcement from Van Elle Holdings (LON:VANL), the UK’s largest ground engineering contractor, were very much in line with my expectations from when I first profiled the company in late March this year. With revenues unchanged at £84.4m for the year to end April, the group reported an adjusted pre-tax loss of £1.2m against £0.9m previously. The impact of Covid-19 upon the company’s trading was really quite evident. But that was the last year Looking deeper into the results, and after having talked with the group’s CEO and CFO yesterday morning, I now have a strong opinion that times are getting better. Already we know that the first quarter of the current year to end April 2022 has shown some positive trading. The group’s order book as at 9 August was standing at £34.7m, up from £26.4m on 1 June. The group’s business It provides a range of ground engineering techniques and services including – ground investigation, general and specialist piling, rail geotechnical engineering and modular foundations as well as ground improvement and stabilisation services. In the last year it handled 1020 projects, giving its fleet of 115 rigs a utilisation rate of around 51%. It would have been a lot higher had it not been for the pandemic hassles. It managed 930 projects in the prior year. Three main divisions The group operates through three divisions: general piling (190 projects), specialist piling and rail (284 projects) and ground engineering services (546 projects). General piling provides a range of larger piling and ground engineering solutions for open-site construction projects. This side generated £27.3m of revenues last year. Specialist piling and rail covers a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Handled £29.3m of revenues. Ground engineering services offers various ground investigation and geotechnical services and modular foundation solutions. Managed £27.6m in revenues. Three main markets The order book is derived from the company focusing upon three end-markets: residential and housing, infrastructure and regional construction. Residential business, with customers like Barratt Developments, Taylor Wimpey and Persimmon, generated sector revenues of 44% of the £84.4m total. Infrastructure, for clients like Network Rail, Highways England and HS2, created some 34% of the group’s total. Regional construction, covering work for Galliford Try, Morgan Sindall and Kier, made up 22% of the overall turnover. Covid-19 was a delaying factor The dreaded virus held the group back somewhat, as it progressed under its relatively recent appointed management team, headed by CEO Mark Cutler, who joined three years ago, and CFO Graeme Campbell, who came on board a year and a half since. Perhaps a one-year delay in its sales and profit hike was the result. However, the corporate growth strategy remains firmly in place. But this year it is a different story The first quarter’s strength of business together with a strong balance sheet with £8.5m cash, a growing order book and the prospects of delayed rail business being enacted all combine to make this a very interesting recovery prospect. Peel Hunt estimates 52p a share Analysts at Peel Hunt rate the group’s shares as a “buy” with a price objective of 52p. They go for £97.3m sales this year, generating a £3m adjusted pre-tax profit which is worth 2.3p per share in earnings. For the next year they see £104.3m sales and £5m profits, working out at 3.8p per share in earnings. Zeus Capital see 64.4p of value Zeus Capital initiated coverage of the company yesterday. Their analyst Andy Hanson is more bullish than those at Peel Hunt. For this year, he has gone for £102.7m of sales, £2.6m profits and 1.9p of earnings. He sees this leading on to £108.1m sales in the next year with £4.6m of profits and 3.5p earnings. Further down the line, Hanson estimates that the end April 2024 year will see £113.5m of revenues and £6.5m of pre-tax profits, worth 4.9p per share in earnings and covering a 1.7p dividend. Based upon his estimates, his valuation of the shares is 64.4p. AGM at end of September The group will be holding its AGM on Monday 27 September, at which time another Trading Update will be issued. Fingers crossed it will be positive and give detail of further progress in achieving greater rail orders. Massive dealing volume yesterday The group’s shares closed at around 46p last night after a considerable dealing volume of over 1.1m shares, against the recent average daily turnover of just 30,685 shares dealt. Up 37% since profile The company’s shares have climbed by 37% to 51.5p since I profiled the company in late March at 37.5p. At the current 46p they are still up nearly 23% in just over four months, but I think this is just the start. My View – another 30% plus to go for I see them easily breaking back over the 50p level and upwards to 60p before the end of the year, which offers another 30% plus price lift. Great upside not to be missed.
sphere25: Pretty much the same theme all round with this cautionary statement: "The Group is experiencing some challenges from widely publicised supply chain issues, particularly with regard to cement, concrete, and steel pricing and availability. Raw material price increases are being adjusted in contract tenders, but contract margins could be impacted if the availability and price volatility continues. There has also been some impact on short term employee availability, where our people have been required to self-isolate by the NHS test and trace app." So they only hit forecasts IF there is no deterioration in the above, except there have been a few companies coming out recently and putting out warnings because of the above. It doesn't matter as much if you're long term, but in the near term it will be interesting to see if more do follow with the warning's and how folk are approaching things. Clearly if some big buyers come into this or another share post a report like that, it becomes easier to follow them in and piggyback off the demand. However, if that doesn't happen, is it worth the risk here? What if the company warns? Perhaps it is better to wait if unsure. VANL has a history of being profit warning central so not the best example, but there are definitely going to be a few landmines out there. If it is all very transitory, then it could be ok, but what if the FED is wrong and inflation does spiral more than expected? What if rates have to climb sooner and more that expected, the US market will likely come off heavy then. The markets are stable though, no drama so there isn't much expectation that this threat plays out. The FED has been fudging their policy around inflation too, but so long as the market buys it, shouldn't be explosions out there. But who knows, you always get commentators on both sides, but I am following the market. As long as it stays stable and the bond yields aren't flying higher, it is ok to keep looking for the opportunities on the long side. All imo DYOR
muckshifter: 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.
kinwah: Chris, that was a buying opportunity. I doubled the size of my holding at around 36p. The drop down to 34p was due to the market makers dropping the price to try and flush out some loose shareholders to get back the stock they sold to me.
mg111: @redartbmud... Utterly astounded and unbelievable...the first loss ever in its history, a share price that is almost a 1/3rd if it’s price it was two years ago, a devaluation in order to raise finances for what was always a very cash rich organisation, huge bonuses paid for sheer incompetence, not one significant ‘win’ in HS2 or any other flagship projects, the ‘flagship̵7; division at its all time low in 40 years.. ....streamline after streamline and management restructure nonsense... and some investors were wondering why 10+ Snr Directors have left in last year or so???.... This latest ‘reward’ is nothing short of shameful and disgusting.... i defy anyone to try and defend this! it all makes perfect sense now... would you want to hang around and be classed with this? I doubt anyone with any integrity would have ...
brummy_git: Looks as though VANL shares are responding favourably thanks to yesterday's video by Vox markets with Gresham house strategic. The latter a large investor in Van Elle. hxxps://www.voxmarkets.co.uk/media/5f3b93559f98da001bbc4b1d/?context=/video-archives
bottomfisher: Gresham House Strategic, an investment trust which which took a 7% stake in Van Elle earlier this year, explains the reason for its investment in its latest results out today. "We took an initial position in Van Elle, a leading piling and ground engineering specialist for the construction industry and a market leader in the Rail sector, pre-COVID-19. We have subsequently acted as a cornerstone investor in an issue of new stock to support the business through the period of disruption and through to the opportunities which lie ahead. Van Elle will benefit from a high level of infrastructure spending that we expect in the next few years. This spending was arguably well overdue, and the clear communication by the new UK Government provided confidence of a commitment to this changing. This was subsequently evidenced by the 'go-ahead' for the massive HS2 project, which Van Elle should benefit from. The company, however, has been disappointing investors since its IPO in 2016. We are backing a new management team and Board evolution to professionalise the business, enhance the banking arrangements and drive improved returns in future years from a very well invested fleet of equipment." With a new chairman, a more stable shareholder base, and a Government committed to increasing public spending on infrastructure projects, the scene would seem to be set for a long-term recovery in Vanl's shares. That's the investment thesis. Let's hope that Vanl can finally deliver on its promise.
master rsi: Someone is opening new "nicknames" and posting the same Look below and EXPOSE all the Citizens Citizen_Kane - 31 post all VANL Member since: 24 Mar 2019 ShavenMoose - 3 post all VANL Member since: 17 Dec 2019 Pouncer1 - 1 post in VANL Member since: 15 May 2019 MG111 - 1 post in VANL Member since: 12 May 2020 (today) edit - Other old slaggers - jwball, twinks, jamesk3, learos187, taffygolf, virageman
lammylover: I suspect the increase in volume and hence share price is due to a mention by Simon Thompson in Investors Chronicle on line, last week; Details As follows "Gresham House’s value proposition Aim-traded investment company Gresham House Strategic (GHS:950p) has been a top performer in recent years, but the portfolio has not been immune to the market rout, shedding 22 per cent of its value during March. This highlights the important point that in significant ‘risk-off̵7; periods the valuations of less liquid small quoted companies are impacted far more than large-caps. That said, a negative shareholder return of 5 per cent for the 12 months to 31 March 2020 still outperformed all bar one of the open-ended UK smaller companies’ funds covered by Trustnet, and was almost 13 percentage points higher than the IMA average return for this universe. The pull-back in net asset value (NAV) per share from a high of 1,420p on 31 January 2020 to 1,112p now means that GHS’s shares, at 950p, are priced 15.5 per cent below NAV compared with a 3 per cent discount in December. Importantly, almost a fifth of the portfolio is in cash, so GHS has firepower to exploit any attractive buying opportunities. Latest portfolio additions include ULS Technology(ULS), a digital conveyancing platform for housing transactions which has launched a new product, DigitalMove, to improve the efficiency and speed of the process for consumers and advisers. GHS has taken an initial position in Van Elle(VANL), a piling and ground engineering specialist for the construction industry and a market leader in the rail sector ahead of a likely “tsunami of infrastructure spending in the years ahead”. Good luck all holders! Rich
lammylover: VANL share price being walked down by MMs on low volume, during period between results. 64.4% of share capital still owned by IIs and Ellis etc. No big sellers, just uncertainty over Brexit affecting capex projects imo. Twitter account makes VANL look pretty busy. Plenty of upside here at this ridiculous price, will probably add some more...DYOR Rich
Van Elle share price data is direct from the London Stock Exchange
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