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VAN Vanco

2.25
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vanco LSE:VAN London Ordinary Share GB0030998677 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.25 GBX

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Date Time Title Posts
11/1/201622:00I FILL UP MY VAN 41P A LITRE...CAN ANYONE BEAT THAT?...AND IT IS LEGAL-
10/11/201503:12VANCO1,024
13/10/201318:57VANCO FROM LSE.co.uk40
13/10/201318:22Vanco plc - Contract win892
31/5/200918:08Vanco........PUT THE HAZZARD LIGHTS ON89

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Posted at 27/2/2011 11:19 by maydaylol
logical2010
Posts: 551
Off Topic
Opinion: No Opinion
Price: 17.75
Goldman sachs
Today 11:15


HIGHLY speculative Kazakhstan-focused oil explorer Max Petroleum rose 1.50p to 19.50p following news of a successful placing of 309.8m shares at 17p a share to raise £52.7m. President Michael Young said the funds raised will provide the necessary capital to test its exciting deep pre-salt portfolio. Broking giant Goldman Sachs is a buyer and has a target price of 39p.

"We are pretty confident of success," Young said by phone today. "The potential is enormous." The exploration project will take about 18 months, he said.
Posted at 07/5/2010 18:05 by machiavellianindian
Simon Cawkwell - 18 Apr'07 - 21:02 - 21 of 1022

JayDeee,

It really is not necessary to excuse yourself from thinking by claiming that you are not an accountant. My reason is that most accountants that I have encountered cannot read a balance sheet in stock market terms for toffee.

The fact is that debtors receivable more than a year after the BS date raises the question as to whether the debtors will necessarily feel satisfied then in the matter of performance. No amount of discounting or provisions gets over this problem.

There is of course a long history of leasing companies holding their own in stock market valuation terms for many years prior to disappointing. And VAN's stock market denouement may be some way off. To what extent do you think VAN a lessor?

Incidentally, I am told that Bridgewell, the broker, tried to speak to VAN today but were declined when making civil enquiry. If so, is VAN mad? Or has VAN something to hide? Good companies NEVER fail to answer reasonable questions reasonably put. You do not need to be an accountant to agree with that.

Simon Cawkwell
Posted at 28/3/2010 21:34 by machiavellianindian
allalogie - 28 Mar'10 - 21:31 - 25630 of 25630

Now how that can be interpreted that they have raised the money or are going to raise the money now is beyond me.

When you put the following two comments together, I would think it was a natural conclusion....

1. At this event, buy-side investors will listen to presentations from companies in the Environmental Industries sector. This will be followed by the opportunity to conduct 1-2-1 meetings between issuers and investors.

2. "Aim-listed SeaEnergy, is looking to raise up to £40 million in a share placing to build North Sea wind farms"

Frankly, only a 7am RNS will kill this off
Posted at 27/3/2010 14:54 by machiavellianindian
Reliance Globalcom snaps up Vanco

Financial Times
25-May-2008
By Ben Fenton

A subsidiary of India's second-largest telecommunications company was revealed as the buyer of struggling Vanco in a deal worth about £40m, but with shareholders getting nothing.

Reliance Globalcom will take on the liabilities of Vanco, a virtual network provider with 700 employees and 200 clients. Banks will get back only about a third of the £123m in outstanding loans to the company.

"It is a pretty meaningful amount considering the banks were looking at getting nothing at all," a person familiar with the deal said.

The buyer, owned by Anil Ambani's Reliance Communications, will also make an unspecified capital investment, the person said.

It was not known how many of the company's employees, most of whom work in the UK, would keep their jobs.

BT and Cable and Wireless had been linked with Vanco.

Shares in Vanco were suspended this month after worries that it was running out of cash. At the time, they were valued at 64¼p, but it has been clear for some days that they were effectively valueless.

On May 7, Vanco said it was in discussions with bankers about its financial position. It said it was unable to update the market accurately on its historic financial results and unable to publish year-end figures by the May 30 deadline.

Allen Timpany, founder, chief executive and largest shareholder, stepped down at the time.

Andrew Edge, a corporate partner at Ashurst, Vanco's legal adviser, said: "It has been a difficult period for Vanco and it is to the great credit of John Mumford [senior independent non-executive director] and Peter Johnston [finance director] that their perseverance over some months has resulted in a conclusion for the company and its staff."

Vanco's advisers were concerned that it could close as going concern, but the person familiar with the deal said Reliance Globalcom would take on existing business while Vanco's existence as a publicly-listed company was wound up by its administrators, FTI Consulting.

Mr Timpany, who owns 48.5 per cent, brought the company to the market in 2001 when global stock markets were tumbling.

But its expansion was rapid and the price peaked at more than 600p in 2005.

It is the second recent investment in a UK-based telecoms company by Reliance, which last month bought eWave.

A formal announcement of the sale will come tomorrow.
Companies: Vanco PLC ;

Ticker Symbols: uk:VAN;

Industries: Broadcasting & Telecommunications; Information; Telecommunications;

Subjects: Company News;

FT.com
Copyright The Financial Times Ltd. All rights reserved.
Posted at 16/3/2010 09:43 by machiavellianindian
Hyper Al - 16 Mar'10 - 09:41 - 1860 of 1860

Gunther1

We are not a producer so can't see what the oil price have to do with anything at the time of the IPO. Production from these fields is years away, by which time I think oil (not gas) will be more than double the current price.
Posted at 17/7/2009 21:50 by sirace
REG-Vanco PLC Director/PDMR Shareholding

Released: 09/01/2006


RNS Number:6229W
Vanco PLC
09 January 2006


Vanco plc
("the Company")

Interests of persons discharging managerial responsibility (PDMRs)

Vanco plc has been advised on 6 January 2006 that Richard Scott, a PDMR, has
sold 20,000 ordinary shares in Company at 487p per share on 6 January 2006.

Following this transaction Mr Scott now holds 35,000 ordinary shares in the
Company.






This information is provided by RNS
The company news service from the London Stock Exchange

END
RDSKKLBBQFBLBBK
Posted at 16/7/2009 13:19 by sirace
from lse:

VAN
Share......
14 Feb '08

12 Feb '08


I can only advise you to contact Morten.Singleton@vanco.co.uk, he will try and answer your questions as clear as possible, you know we or I cannot release any news regarding present dealings and future contracts until they are completed and both or all parties involved release the details to the media and obviously the markets, please use next weeks RNS as an example. Regards my holdings in Vanco you are right about the share options in the region you have stated, there are only 2 options which I will not state on this board but only that we are given a period in which to purchase the total shares allowed at a designated price, you can decide for yourself what you make of that, but I am very confident personally. Recruitment is an ongoing drive at Vanco, they are striving to get the best people for the company, the future is very, very promising and this is always part of their selling of the company to possible employees, please see . What I would say is please contact Morten Singleton, he very approachable and will answer your concerns to the best of his ability.

Mac
VAN
Vanco
12 Feb '08


I have been an employee at Vanco for over 3 years now and do take an interest in the bulletin boards and find it quite hilarious with some of the comments and statements regarding Vanco. We have had 2 meetings over the past week regarding the share price and the reasons for such a huge drop, the company are to be honested bewildered to why but have strongly denied any manipulation of the shareprice. They have also denied there is any talks and evidence of any takeover of the company. An RNS will be issued the week commencing the 18th February 2008 as stated recently. All employees are allowed to buy shares in the company and are only allowed a certain amount to hold while employed by Vanco, this only changes when someone leaves, that has always been the ruling and it is up to the individual to decide if they want to sign up to it. Personally I will never give up my shares in the company because I believe it will and most certainly has a massive future. Please feel free to contact Vanco anytime, you will always get a response to your questions within reason and obviously under the rules laid down when it comes to share dealing, you know what I mean there I should think, the company cannot give information out to anyone until it has notified the markets.

Mac
Posted at 31/5/2009 18:08 by gujibiglips
fairenough11 - 31 May'09 - 17:57 - 28836 of 28836

Thats the whole point mercury,VIYs tech does work and someone wants IN as low as possible.100% accuracy so far,so why do you think the share price is still under 10p,GIVEN THIS FACT?
===============================================================================
Thanks to sawman on HMB forum.

This is the period when subtle, sometimes professional, shorters and bashers come out of the woodwork so below is a post I came accross years ago that I have always kept. It's worth a read and an eye opener to the less experienced. These people exist and lurk around these boards so beware and DYOR.
-----------------------------------------------------------------------------

Hello,
As many of you are aware, I am a paid 'basher'. As childish as bashing might seem on the surface, a lot of money actually exchanges hands based on the work we do. I work(ed) for an investment firm based in Toronto, Ontario, Canada. I worked in cooperation with several others and under several aliases in several online investment forums. Including PresidentBush, Tooth18, OneVultrue, 7Midniqht and Herbacious on Stockhouse.

To make a long story short. I have had an epihphany in the past few days. I watched the movie Fight Club, and as brutal as the movie is on the surface, it actually caused me to question a lot of things I do or have done in my life. The next day I was involved in a single vehicle car accident, which caused my vehicle to roll-over. I walked away from it all, but it got me to thinking. I only live once, is this what I want from my life? Is this what I've always wanted to do - I am not even proud of my career or myself. I say that I am a stock broker, but that is a lie. We are basically paid con-men. I quit today, no questions asked. Just walked out. I am 23 years old, and this is not what I want out of life.

The scheme works like this. Be aware of it so you can guard yourself. Our company monitors undervalued companies with strong assets and strong potential. When this company, XXX.V, for example, reaches an overbought situation, our company begins selling shares that we do not own in hopes of purchasing these shares at a lower price later on. As the share price dips, our company purchases these shares for a cheaper price at the lowered ask price. That is where we come in - we bash the stock online to try and further the negative sentiment so that the stock gaps down further and increases our profit margin. This type of activity is called naked short selling and it should be illegal. Our firm is a well established one that deals out shares that we do not own, then send out an army of online rats to undermine the company's successes to drive the price down.

As an employee, I never really realized the effect it had on investors or companies. I just really cared about opening the gap as much as possible, so that I could make a larger commission. It was all just a big game.


Regards
S
----------------------------------------------------------------------------

And a follow up:


LEARN ABOUT HOW BASHERS WORK: For instance: did you know that some Bashers are paid?

Golden Rule:

IGNORE THEM ...learn how professional Bashers are paid: When you REPLY to Bashers you give them an opportunity to earn appox. 5-7 dollars. The service agreement they enter into with their employer states their messages will be monitored for content, profanity, lies, etc. but Overseers and the like don't have the time to check all their Bashers messages. Only occasional spot checks are done. Those who manage the Basher will generally read the headlines to see if a Basher is replying to other posters by name. That tells them the Basher isn't just "posting blindly" or repeating the same message over and over since they won't pay for those.(True to form a Basher will put the bite on anyone, even their unscrupulous employer). A Basher will attempt to milk three to five replies per post at one to two dollars each. This way the Basher spreads negative influence to as many stockholders as possible. A Basher will create this discussion thread because it takes less time reading more messages than is necessary. This ultimately allows the Basher more time to post and make money. In general, NEVER ENGAGE A BASHER. Make them read all the posts and think up ways to enter the discussion. NEVER ENGAGE A BASHER; if you do so then YOU BECOME THE BASHER,S AID! If you feel compelled to challenge a Basher do so without mentioning his/her true alias in your response. This will make it hard for the Basher to use your post as a revenue stream. Read the news, do your own homework and make your own decisions. Get real time quotes and follow the stock for a couple of weeks. Due Diligence is key here. Know that there will be a time when the stock runs up which will be followed followed by the Bashers and those that missed the boat. The Bashers will trash the stock by saying such things as "it's a Pump and Dump" and "the company is lying" and deceiving. There goal is to scare off newbies and potential new investors by "shaking" you out of your shares. Take the time to confirm your DD ,trust your own judgement and believe in yourself, pick your point of return or loss and live with it. Don't listen to hype or Bashers trust your own judgement. Live by the rules you have created .


Regards
Posted at 24/5/2009 09:31 by 648790
Vanco Director/PDMR Shareholding




RNS Number:0279I
Vanco PLC
19 November 2007



Vanco plc ("the Company")

Director Shareholding

Vanco plc announces that Professor Dr. Thomas Wolf, the Chairman and a Director
of the Company, purchased the following Ordinary Shares of 5p each in the
Company today, 19th November 2007.

Name Number of Total Number of Ordinary Price per Percentage
Ordinary Shares Shares Held after Ordinary holding after
Purchased purchase Share purchase


Prof. Dr. Thomas Wolf 22,797 70,000 144.273p 0.1%






For further information please contact:

Vanco plc

Steve Dyde, Company Secretary

T. +44 (0) 208 636 1700



This information is provided by RNS
The company news service from the London Stock Exchange

END
RDSQKLFFDFBBFBL
Posted at 14/1/2008 15:55 by johnroger
Buy Vanco at 171.5p

argues Rob Cullum, editor of TrendWatch

In the spring of last year, we were seduced by the attractions of international telecoms outfit Vanco (VAN). Vanco doesn't do hardware, not at any rate the kind of hardware required by the big telcos such as Vodafone. Instead, it shops around all over the world, purchasing capacity from the local carrier of choice, with the object of packaging and offering its clients "fully-managed network solutions".

In a business environment that is truly global (we said last spring), no corporation, however large, (British Airways, say) can afford to own the telecoms assets upon which they are critically dependent. The solution is a long-term contract with a specialist such as Vanco. Vanco's job is to get the best prices, and to design a system which uses technology most appropriate to the particular needs of its customers, thus ensuring that service capability is maximized –but at optimum cost. And Vanco could point to the fact that blue chips such as British Airways, Siemens, Ford Motor Company, Avis Europe and Pilkington had entrusted this vital part of their enterprise to it.

The company has key relationships too with IT integrators and outsourcers, including Computer Science Systems and IBM. And Vanco can and does provide services to the very carriers upon which it depends –Bell Canada, AOL and Qwest to name but three. The key here is Vanco's unique portal, enabling it to access the entire telecommunications network of the US. Moreover, Vanco can and does support the international requirements of a number of their regional clients.

It also had a super earnings record. At that time of our previous recommendation, three brokers analysed Vanco; only one of them, WestLB Equity Markets, said that the shares were a buy. Its forecast for the year to January 2007 was 18.3p per share. The outcome was just 16.3p. So the earnings target was missed by some way; and the shares, which stood at 475p when we wrote (and which we hoped would regain the 600p at which they had been trading a short time before) headed rapidly in the other direction. It was only the TrendWatch stop-loss mechanism which stopped us from catching a truly dreadful cold.

To be fair, we had noted that it was clear that something was going on. The company stoutly averred that there had been no discernable change in the competitive environment, but the implication (although Vanco did not say so) was that its increasing size needed ever larger transactions to feed it, and that these both required heavy up-front expenditure and took longer than smaller deals to complete –and to produce revenue.



The headline cause of the subsequent halving of the share price was delays to three contract renewals, resulting in sharply increased cash outflow, despite the rapidly growing turnover and earnings. Against this background Vanco was chasing customers for upfront payments at period ends, typically at a discount, which in turn impaired margins.

By September last, the company admitted that a review of its procedures had concluded that it had focused on the achievement of short-term cash targets at the expense of long-term margins, and that ending this practice would have a one-off detrimental impact to free cash flow in the current financial year of approximately £20m; and that year-end net debt would now more closely reflect the underlying net debt during the year with net debt as at 31 January 2008 expected to be around £45m.

Vanco now has a new finance director, whose unusually high profile underlines the areas of weakness that caused investor concern –notably the fear that the company will need to come to the market for more cash. Vanco denies that it will need to do this, pointing out that, notwithstanding the foregoing, it's trading well within of its banking covenants. As the most recent report indicates, the winning of contracts, which has never been a problem, continues apace. The company uses this fact as a peg to hang the assertion that, with an increasing proportion of its turnover being contracted (£421m as at October 2007) this will tend to make the erratic cash flows associated with the winning of new contracts of less overall importance in future.

The brokers' consensus is that earnings per share this year will be 24p, climbing to 32p by January 2009. That's a splendid growth rate. This gives an earnings multiple of only 8 in the short term and less than 6 next year. So the shares look a real bargain.

But wait a bit. We've noted the problem of high borrowings and white-knuckle cash flows, this at a time when banks may be getting more sensitive to their exposure. To this, you must add the fact that, although the company's policy towards treatment of up-front expenditure (and thence the definition of 'earnings') is perfectly acceptable accounting practice, if there were to be either a voluntary or enforced more conservative accounting change, the stated earnings figures could face sharp downward revision, damaging the investment case.

So, a situation not without risk. Persistent weakness in a share price (especially when coupled to high levels of debt) is a much more sensitive pointer to risk than earnings forecasts. But, just as we ignore the latter if we don't like the prospects ourselves, there are (rarer) cases where we ignore the hoisting of storm cones too (only one of the five brokers, Charles Stanley, says 'buy').



Is Vanco heading for stormy waters? We can't be sure. The shares have now become so cheap that it may even become the target of a bid, a fate that befell two of its rivals: Infonet and Equant (swallowed up by BT and France Telecom respectively).

We see the risks, but we see too that the achievements still continue solid. Earnings are forecast to grow at a fast rate, it's still picking up major contracts and it describes market conditions as 'buoyant' (with no ill effects from the credit squeeze).

If you're a widow or an orphan, we wouldn't commend this share to you. If not, then our assessment is that the potential reward outweighs the risk –but do set a 20% stop-loss, just in case. BUY.

Key Data

EPIC: VAN
Spread: 170.75p – 172.25p (0.9%)
Market Cap: £106.6m
Vanco share price data is direct from the London Stock Exchange

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