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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Volvere Plc | VLE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,450.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,450.00 | 1,450.00 | 1,450.00 | 1,450.00 | 1,450.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 01/7/2024 11:02 by rivaldo VLE never issue any AGM updates! So it's difficult to be disappointed.Only just over two months until the interims anyway. |
Posted at 30/6/2024 22:58 by rivaldo Another £147,500 of shares bought back at 1475p:That's around £1.29m now bought back since March. |
Posted at 11/6/2024 07:24 by rivaldo A further £74,250 of shares bought back - at 1485p, the highest price to date if I recall correctly: |
Posted at 31/5/2024 14:22 by rivaldo For the record, another £74,000 of shares bought back at 1480p:Remember that VLE bought back a further £916,000 in March, as well as the £148,000 in the last few days. So the cash pile will have reduced by over £1m, but the true NAV per share will have increased nicely since the year end. Zoolook, a stated true NAV including a sensible valuation for Shire would indeed be extremely helpful! But it isn't going to happen without a value-defining event as it's subjective. Perhaps the market should take its cue from the normally very conservative Nick Lander's willingness to buy back large quantities of shares at 1480p.... |
Posted at 30/5/2024 07:35 by rivaldo Good to see VLE confident enough to buy back £74,000 of shares at 1480p: |
Posted at 13/5/2024 14:45 by rimau1 Something is up. I wonder if VLE are ready to finally announce an acquisition |
Posted at 02/4/2024 10:25 by eezymunny Always fun looking a VLE.Top-line compound growth at Shire I calculate at 13.6% over 8 years (and similar for profit growth). That´s a fantastic achievement. Using Ben Graham´s valuation guide of PE = (8 + sustainable growth rate)suggests a reasonable PE for Shire of 20+. VLE´s 80% share of Shire is worth £40m+ by that valuation method. Add the cash and you get a c. £64m valuation or £28+ per share. Who´d have thought that a "boring" old food manufacturing business could perform so well? Mr Market clearly thinks its too boring. I don´t. |
Posted at 13/3/2024 10:39 by rivaldo Re the above valuation, he's used a straight 25% tax charge on Shire's £3.64m contribution to VLE after intra-group management charges et al.Firstly, the tax charge is unlikely to be precisely the full 25% due to capital allowances and super deductions. Let's call it a conservative 22%. Secondly, imo we should use Shire's PBT before intercompany charges etc, which is £3.86m. Thirdly, let's be a tad more generous and use a P/E of 8 given Shire's terrific track record and apparently excellent competitive position. That gives Shire a £19.3m valuation. Add in the £23.74m cash and the total is £43.04m, which is around £18.50 per share. Happy to be corrected/struck down! |
Posted at 12/3/2024 08:27 by jaf111 Fingers crossed they will sort out the ridiculous cash situation….the patience of shareholders has been greatly tested so either make a acquisition, hand back the excess cash through a divi or tender offer, or sell Shire and distribute everything 😂 |
Posted at 08/9/2023 08:26 by rivaldo Just back from hols and learnt the terrible news. My thoughts are also with Jonathan's family, particularly Nick, and friends. To be taken at the age of just 55 is just inconceivable.I talked with Jonathan in person and on the phone a number of times, and he was always a pleasure to discuss matters Volvere-related and anything else with, being as honest and forthcoming as he could be. He had a fine, dry sense of humour and was obviously an extremely capable businessman. He and Nick have done a fine job with VLE. For the record Evil Knievil on Master Investor had this to say: "I invested successfully in Volvere (VLE) several years ago and sold out. I thought no more about it. It was and remains a very successful investment/trading company run by Jonathan and Nick Lander. It is chaired by David Buchler, a distinguished small company assessor. Last Monday, Jonathan died very suddenly aged 55. As an enquiry on Google will show there was nothing gross about Jonathan Lander. Thus Nick is in the driving seat and one wonders what will happen now. TNAV is about £14 a share and one can buy stock (not much) at about £11.50. VLE is highly solvent and loaded with cash. Curiously, the Lander brothers were shown as being paid just £19,000 p.a. between them. But, slightly unusually, they were also taking £650,000 p.a. into their management company, D2L. Perhaps Nick will take just £325,000 p.a. now. I do not know. I also do not know what Nick intends to do with his time or why or where. But he might take VLE on to new heights of sensible achievement. Or he might accept an offer for the lot. If the latter, it must surely be above £11.50 a share. Here is an opportunity for patient investors." |
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