Volvere Share Discussion Threads

[zangdook] 30/10/2018 14:27

I'm not despairing, I just think it's a little unfair that it's done so quickly that PIs with sluggish brokers can't get their share.

[malnu] 30/10/2018 13:04

Never despair. There will be more buy-backs to come whereby the company seeks to retain 15-20m in cash.

[zangdook] 30/10/2018 11:57

Presumably all those small 1102s are smaller shareholders who managed to get their requests in in time....

Did anyone here manage to get in with a nominee holding?

[rivaldo] 30/10/2018 10:13

There's the buyback at 1102p, with one trade of 550,254 shares and contra trades including a 317k and a 170k. There will have to be an RNS later to disclose the changes in director shareholdings.

That's £6m gone - still £37m+ of cash left in the kitty :o))

[the big fella] 26/10/2018 07:05

Thanks Rhomboid. I knew I recognised the name. Not my favourite memory 😒. I will look to tender as I have a large holding here.

[jaf111] 26/10/2018 06:45

I suspect it will be very difficult for private investors to tender due to the very tight timescales especially the execution only brokers.

[rhomboid] 25/10/2018 15:59

Re DB/Langbar

..he was the insolvency practioner

[the big fella] 25/10/2018 15:27

Yes, but you will need your broker to do it for you.

[shanklin] 25/10/2018 15:26

So, can private investors tender their shares?

[melf] 25/10/2018 14:13

Someone just sold 500 for 1065p !!!

[the big fella] 25/10/2018 14:04

Is that the same David Buchler (sole non-exec) involved with Langbar?

[eezymunny] 25/10/2018 14:03

Quite nice for everyone I think.

Da bruvvers bank some more (well deserved M'lud) profit and I guess pay just 10% tax, what with entrepreneurs relief etc? Nasty Mr Corbyn and even slightly less nasty Mr Hammond will surely take an axe to that at some point!

Shares bought back at a modest discount to NAV thus enhancing value of remaining shares a little.

[cockerhoop] 25/10/2018 13:53

Buyback at 1102p

[rivaldo] 17/10/2018 09:19

I notice that Jon Lander is presenting at Mello London on Monday November 26th, and "will also be taking part in an interesting panel session on what makes an exceptional Chief Executive". I think he has plenty to contribute in that respect :o))



Hopefully this will spread the word further. Whoever sold at 1008p this morning is selling £43m+ cash plus Shire including £2.6m freehold property plus Sira for a value of £36.9m at that 1008p. Bonkers imho unless for short-term considerations or those with little patience.

[rivaldo] 12/10/2018 13:11

Not yet....but I suspect it's just a matter of time :o))

[melf] 12/10/2018 11:37

Agreed Eezy.......Does anyone know if Simon Thompson commented on the disposal?

[zangdook] 12/10/2018 11:36

169 nonillion?

[eezymunny] 12/10/2018 09:13

Last few years tangible NAV/share

169,163,299,307,316,318,362,400,531,572,547 and my estimate for this year c. 1175

It's a long history of fantastic value creation for shareholders. And yet it sits today at a discount to tangible book. People should be queuing up to buy IMO. Market madness if ever...

[dsct] 10/10/2018 21:28

With VLE being one of my top performing shares today - It didn't drop(!!!), I thought I could safely read on this thread without being reminded of the CAKE fiasco, but OHH NO!, @hpcg has gone and ruined it ! lol (only joking).

I did think your £6.50 was optimistic, being a >50% increase on the pre-fiasco price, then twigged, you meant in entirety, not per share, in which case, I think the strawberry would swing the deal in VLEs favour :o)

Anyway, back to VLE ...

IF, and it's only hypothetical, VLE decided to return cash as a divi at >£11/share, what would happen to the SP?

I know many on here would prefer not to have the divi, but normally the share price would roughly drop by the divi amount - so we'd be holding penny-shares ?

When the shares went ex-divi, I presume we would then have an share price (market cap.) which gave a truer valuation to Shire (and Sira).

[hpcg] 10/10/2018 10:30

Cheaky bid for CAKE? £6.50 and we'll throw in a strawberry on top. Turn it around by not losing track of millions of quid in cash.

[rp19] 09/10/2018 11:47

I think the general market weakness since the impetus news has probably held back the price a bit. Personally happy to sit and wait with VLE.

[kazoom] 09/10/2018 10:59

FWIW, rightly or wrongly, I sold out my smallish position on the back of the disposal.

My reasoning?

Surplus net cash on a balance sheet always seems to be valued below par, so I suspect the share price is likely to drift in the short term.

For the more patient, is seems a pretty safe bet to trust the Landers to spend wisely (if the can turn c. £2m in to £23m what can they do with £43???).

So this might not be a wise move and I may well face the prospect of potentially having to pay much more if I want to get back in as and when they find their next target, but I'll live with that.

Good luck to those more patient than me!

[rivaldo] 09/10/2018 10:10

Agreed (though today's drop is only a fall in the offer price to enable a more reasonable spread - the bid has remained unchanged at 1050p).

The m/cap has only increased post-disposal by some £4.6m (from 950p), despite the additional £23m cash lifting the eventual cash pile to £43m+, i.e almost 1200p per share :o))

[melf] 09/10/2018 09:29

The share price has been really disappointing since the disposal imo. Sitting at well under NAV surely they must seriously be considering a buy back.

[rivaldo] 07/10/2018 17:09

Good to see a brief mention from long-term holder Evil Knievil in his daily column:



"However, a nice surprise this morning is that Volvere (LON:VLE) have concluded a major disposal. This leaves the shares at £11.50 offer. Presumably, they will go higher yet. VLE’s management are clearly clever."