Volvere Share Discussion Threads

[texas_caddy] 25/4/2018 16:08

Yep, I topped up a few myself this morning

[rivaldo] 25/4/2018 14:12

Over £60,000 of buys today - every trade a buy. Most unusual not to see a rise after such volumes, so I assume there's been a seller out there.

The share buying price has now moved up to near the full offer at 929.85p, so hopefully this is an indication that the available stock has or has nearly run out.

[jitters3] 25/4/2018 11:46

Just bought 347 shares to top up with AJ Bell didn't think I would be able to with this KID problem hoping for a run up to results now

[melf] 24/4/2018 15:43

I wonder if the MMs are trying to get hold of few cheapies here in advance of results. Then the inevitable mark-up.

[shanklin] 24/4/2018 15:40

Oh dear, my buying in here seems to have been rather unfortunately timed.

We will soon be back at the 835p buyback price albeit I am not sure how keen the directors will be to sell any more shares at current levels given the way VLE's investments seem to have progressed.

[zangdook] 23/4/2018 19:23

Yes, the new block seems to have come in with the new financial year. They're also blocking MPO which did produce a KID. I don't know if they have to do a new one for each year?

[fmc] 22/4/2018 12:18

I purchased a small number of shares through Halifax Share dealing on 5/4/2018.

[martinthebrave] 22/4/2018 10:51

Thought you Guys might like to see Jonathan Lander's reply to me. It looks like I will have to get another broker if I want to buy back in. I already have two so I might pass!

Martin

Thanks for the call last week about the actions of some brokers.

I was aware that some take the view that Volvere is subject to the EC directive requiring funds and other investing entities to to produce a KIID. We did take some advice on it and it is not all clear that we do need to produce one. I don’t think the legislation was meant to cover Volvere, which is really an industrial holding company albeit with a particular preference for acquiring underperforming businesses. It is not very different from any other conglomerate.

These things are always a balance of time and money versus the risk. If it becomes an increasing problem, then we may reluctantly do it, but we are not doing it now.

Please let me know in the interim if you come across this problem with other brokers.

Kind regards

Jonathan

[zangdook] 21/4/2018 08:43

"All you have added, which is indeed news, is that iWeb has reverted to a previous policy."

That was me that was. Credit where credit's due. Share and share about lads.

[martinthebrave] 20/4/2018 16:15

OK Guys, I wasn't aware of the Jan discussion. Hopefully, for holders, my conversation with the company may at least get them to do something about it. GLA.

[hpcg] 20/4/2018 15:24

martin FYI

5 Jan '18 - 19:17 - 2719 of 2839
0 0 0
I can’t buy so I’m not selling
finkwot5 Jan '18 - 20:11 - 2720 of 2839
0 0 0
I had a reply from the FCA but it doesn't answer my questions...it just talks about whether a broker can choose which securities he offers.
Anyone else got anywhere?
glawsiain12 Jan '18 - 09:41 - 2721 of 2839
0 0 0
I checked this morning and cannot buy volvere via IWeb. Anyone had any success/progress here?
zangdook12 Jan '18 - 10:17 - 2722 of 2839
0 0 0
nope
glawsiain12 Jan '18 - 10:45 - 2723 of 2839
0 0 0
Ok, I have written to the company via their website (

I'll let you know if I get any response
hpcg12 Jan '18 - 11:56 - 2724 of 2839 Edit
0 0 0
It's nothing to do with the company; they are clearly not a PRIIP so they aren't going to do anything. It is entirely down to the one broker group that has such a safety first interpretation on the regs as to be absurd.
glawsiain12 Jan '18 - 12:24 - 2725 of 2839
0 0 0
thanks hpcg. Does that mean other companies are affected? Its still in volvere's interest to put pressure on that broker group, I'd have thought.
hpcg12 Jan '18 - 13:04 - 2726 of 2839 Edit
0 0 0
glawsiain if you look through the small number of posts this year you can see some of the brokers that do allow buying. I can vouch for Barclays, IG and HL. I don't think the company can do anything about it as in any case a broker is under no obligation to deal in any company or instrument if they choose not to.
glawsiain12 Jan '18 - 13:46 - 2727 of 2839
0 0 0
true, but I'm not about to change broker due to one investment being affected. Anyway, if no response comes from volvere, I'll try my broker. It would be a shame to not be able to increase my holding here, should the opportunity arise
zangdook12 Jan '18 - 14:12 - 2728 of 2839
0 0 0
I would have hoped the company would take the trouble to talk to Lloyds/Halifax because it's it their interest to have a market in their shares and they ought to be able to persuade Lloyds that VLE is not a PRIIP, or at least find out what's going on so they can respond to enquiries from frustrated shareholders. Also Lloyds are losing a small amount of business in VLE trades and potentially more if people actually leave them.
Broker incompetence is nothing unusual of course and it can be very hard to get them to do anything about it.

[hpcg] 20/4/2018 15:21

martin - you aren't the messenger! You think you have come up with brand new information. This has been well discussed on here in January when the legislation came into effect. Why not look back and see. All you have added, which is indeed news, is that iWeb has reverted to a previous policy.

[zangdook] 20/4/2018 15:17

Martin
This came up a few months ago. Lloyds and their subsidiaries/affiliates insisted that VLE was a PRIIP, that this was dictated by the FCA and that they had no discretion in the matter. Then after a while they quietly started to allow dealing in VLE again. Now they've blocked it again.
If you try to buy a true PRIIP from them you have to tick a box saying you've read the KID. During the interim when they again allowed dealing in VLE, they did not require the box to be ticked.
The only explanation I see is that, as someone said above, they're useless brokers. And as someone else said, every broker gets something wrong. For example, after a reorganisation of ERET last year, HL took over a week to allow trading in the new shares, while iWeb took 22 minutes (trading was possible at 8.22am on the first day). Yet now I can buy VLE through HL but not through iWeb.

Did Halifax tell you from whom they received an email on 13 April?

[martinthebrave] 20/4/2018 14:54

hpcg

Don't shoot the messenger just because it is unwelcome news.

I hope you are correct but it is not out of date information. Halifax told me yesterday that they had received an email on 13th April containing a list of C: 150 Companies who had still to provide "KID" documentation. Rightly or wrongly Volvere is on that list.

As always DYOR.

[melf] 20/4/2018 09:58

Also I can confirm that there's no problem buying through Selftrade or Equinity.

[hpcg] 20/4/2018 09:50

martinthelate:

1. You are 4 months out of date, as you can see from your date.
2. Your explanation, whilst well meant is common knowledge and all the links have been provided before.
3. No company is actually proscribed as being a PRIIP, it is left to broker interpretation.
4. iweb and those it serves are simply wrong. VLE is a holding company of operating companies. It is not a collective investment. It can't provide the information in a KIID because the information does not exist. If VLE needs to provide a KIID then so does more or less any company
5. No other brokers are not effected. I can tell you for certain that you can buy today using Barclays, Hargreaves Landsdown and IG group.
6. Thanks for providing a line of stock to buy, most welcome.

IMO vote with your feet. I use multiple providers because they are all useless at something or other.

[melf] 20/4/2018 09:47

Exactly.....any panic selling will create a nice opportunity for those with a longer term investment horizon. Indeed, I might suggest that if your investment strategy is of the shorter term nature, perhaps VLE isn't the share for you :-#)

[shanklin] 20/4/2018 09:41

Rather loathe to sell having only recently bought and given that it seems rather cheap currently. Am happy to add more on panic selling.

[longshanks] 20/4/2018 09:22

It is the same reason as before and was satisfactorily resolved.I suspect it is a "New Tax Year" thing and a bug in the systems of these brokers.Jonathan Lander took up the cause previously. It may be worth pinging him a tweet again.

[martinthebrave] 20/4/2018 08:31

I spent quite a bit of time yesterday trying to work out why Halifax, IWEB & no doubt other Brokers had placed an embargo on Buying stock in Volvere. As zandook experienced, when I attempt to Buy I simply get "We no longer allow investment in this stock". That makes me wary.
It took a bit of digging but I now have the answer & it could suppress the share price in the short term.
It seems there was an EU directive that applied to all PRIIPs (Packaged Retail and Insurance-based Investment Products) that came in to force on 1st Jan 18. This regulation calls for a "KID" (Key Investor Document)to be made available to all prospective Investors from that date. The Investors will have to state that they have read this document before they can make a purchase.
This gives more info -
Seemingly as well as applying to mainly Investment Trusts & ETF's, #VLE is also classed as a PRIIP.
#VLE & seemingly around 150 other Companies (I am told) have failed at this point to provide the necessary documentation to Brokers. As a result the Brokers (a little belatedly) are now beginning to block new purchases. Some will no doubt take longer than others to apply the rules.
I contacted Volvere yesterday and made them aware of the issue. The person I spoke to wasn't aware of it but that doesn't mean the Company isn't addressing it. I don't know how long it will take.
Somewhat worryingly the Halifax only said that they "might" reinstate purchases of #VLE when they have received the "KID" documentation. They didn't seem overly keen.
I have taken the decision to sell out over the past 24hrs. I will wait and monitor the situation. I like the company and think it is under valued but the share price will only retreat in the short term if holders can only sell.
I don't want to be Mr Doom & Gloom but felt I should alert people here. MTB.

[hpcg] 19/4/2018 15:55

Is it because they are useless brokers?

[martinthebrave] 19/4/2018 14:14

zangdook Yes it also applies to Halifax. I have emailed them for an explanation.

[zangdook] 19/4/2018 12:31

iWeb, and presumably Lloyds and Halifax, have gone back to "We no longer allow investment in this stock".

[rivaldo] 17/4/2018 09:37

Since Vauxhall seemingly aren't yet a client, I'd have thought that this may well be one of those opportunities previously mentioned for Impetus.

The dealerships involved will according to the Times in the majority "be taken back on new contracts", or take on other brands or move into “another avenue of the motor industry”:



All this restructuring may well provide nice potential for Impetus.

[jimmywilson612] 16/4/2018 17:09

Looking at their career's website - it doesn't look like they're slowing down:

hxxp://impetusfutures.com/current-vacancies/

Also, if gives some names of their clients. Lexus, Suzuki, Volkswagen all mentioned but no Vauxhall.