Vanco Share Discussion Threads

[moob] 22/2/2008 07:30

new fd, new audtors, change to revenue recognition & WI{P policies, Bank covenants - are they ok?........

[youngferret21] 22/2/2008 07:28

will see a gradual rise after initial surge this opening, a very good buying opportunity.

[taffee] 22/2/2008 07:15

BIG relief!.....looks like the fd is doing a kitchen sink and implimenting accounting measures which help to better explain and demonstrate the vanco business model.

Think the city like that sort of stuff...they feel they have won...which they have!

Could be a great buying opportunity here.

[wapper] 22/2/2008 07:12

That's OK...What a relief...should start to see some recovery in share price now.

[moob] 21/2/2008 23:08

this one has got to bounce......



at 15p


Hope that helps.

[02bursar] 21/2/2008 21:42

I'd be surprised if a growing, high tech company would carry much dead wood.

Efficiency already in the right direction:

Revenue per employee: Operating Profit per employee: Avg EE's
2006-07: £250k, £26k 734
2005-06: £228k £22k 644
2004-05: £239k £23k 435
2003-04: £223k £16k 344
2002-03: £183k £3k 289

[windjammer] 21/2/2008 20:20

pointerlou

how will it have a impact we only have your word on redundancies, nothing official been released

[philjeans] 21/2/2008 19:51

Cost cutting then - excellent news!

[pointerlou] 21/2/2008 19:46

Redundancies made over last few days, first time ever there, may have impacted on sentiment ahead of figures.

[philjeans] 21/2/2008 19:43

Looks way oversold and I think the figures tomorrow will reassure.

[astol] 21/2/2008 19:24

I have a relative who I know is very close to the company will see if I can get any info for you as guidance.

[02bursar] 21/2/2008 17:03

M715

MV will be circa 40% below net assets if full year trading is in line with expectations.

For anyone who believes there are no tangible assets, the accrued income booked to trade debtors is the correct accounting treatment and represents work done under contract. If it wasn't so, the covenants would be blown long before now.

M717

That presumes the majority shareholder wants out. Didn't some of the directors buy at circa 150p just a few months ago?

This business has got a long way to go, that is in terms of growth!

[windjammer] 21/2/2008 15:41

is that a double bottom forming

taffee yes put like that its a no brainer

hope somebody puts an offer in even if its not take up just the mention of it will cripple the shorters

[taffee] 21/2/2008 15:23

looks like that was a final tree shake to me

[taffee] 21/2/2008 15:12

not sure if it will be great news but you have to decide whether you think a global company with blue chip companies,a £500 million pipeline with a large debt FACILITY is only worth £50 million

[windjammer] 21/2/2008 14:47

well if the trading statement is good news lets hope that the share price gaps up. i think this is a possibility as there has not been much buying so profit taking would be small. add to that the fact that 7.2 mil shares on loan in crest that is 11.75 % of the stock. and the gap up would be justified, then with all the shorts hitting the stops this will then hold the share price just a theory but you have to admit 11.75% is high.

[masurenguy] 21/2/2008 14:24

Hmmm....3rd of February was a Sunday !

Vanco opened at 160.5p on Friday February 1st and the current share price on Thursday February 21st is 80p, so the price has halved in the last 3 weeks !

[davius] 21/2/2008 14:18

On the 3rd Feb it opened at 160p and closed at 101p on the 'debt warning'.

The share price is 19.8% down since that close.

Fuller update due tomorrow. Either news has leaked that it is bad, hence the fall over the last day or two, or the price is being driven down. I'm not particularly a believer in conspiracy theories but it's possible that there are investors wanting to pick shares up cheaply I suppose.

[masurenguy] 21/2/2008 12:57

Still sinking - this has halved in value once again just in the past 3 weeks !

[windjammer] 20/2/2008 18:20

well Davius lets hope so i bought some more a few days ago MM`s seem confident so maybe they know somthing. think they would have let the share price fall further, not wanting to hold any shares if they expected it to tank. we will wait and see. if it is good news the institutions will be buying so could get interesting

[davius] 20/2/2008 17:28

Just a day or two until the update (last RNS said it would be out this week and a poster on LSE says he's had an email confirming Friday as the likely release). No idea what will happen then, but assuming they remain on target and perhaps have some reasonable contract announcements then it OUGHT to start recovering. Anyones guess in these markets, but I've added more shares at the close at just under 87p.

[taffee] 20/2/2008 16:17

should have bought into specsavers

[02bursar] 18/2/2008 13:28

If the consensus revenue / profit is met, higher debt will be indicative of growth in the business in general reflected in higher assets, particularly debtors. The funding of that growth is a matter of choice dependant on a view of the return on capital versus the cost of debt and whether the funding requirement is long term permanent [explosive growth] or medium term / declining [business maturing].


£4.5m contract awarded to Vanco by Specsavers

[davius] 18/2/2008 13:27

Where this is going should be clearer some time this week.

"A full pre-close trading update will be issued in the week commencing 18 February 2008."

[masurenguy] 18/2/2008 10:24

The much higher average H2 debt of £79m plus projected year end debt of £63m is indicative of the undercapitalisation of the business model and is consequently continuing to negatively impact the share price !