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Share Name Share Symbol Market Type Share ISIN Share Description
Volvere Plc LSE:VLE London Ordinary Share GB0032302688 ORD 0.00001P
  Price Change % Change Share Price Shares Traded Last Trade
  +25.00p +2.44% 1,050.00p 1,463 15:51:08
Bid Price Offer Price High Price Low Price Open Price
1,000.00p 1,100.00p 1,050.00p 1,025.00p 1,025.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 43.42 3.45 56.40 18.6 32.8

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Volvere (VLE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:50:151,039.002272,358.53O
11:19:271,039.003003,117.00O
09:10:311,044.005005,220.00O
08:47:121,044.001501,566.00O
08:24:121,044.502862,987.27O
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Volvere (VLE) Top Chat Posts

DateSubject
12/12/2018
08:20
Volvere Daily Update: Volvere Plc is listed in the General Financial sector of the London Stock Exchange with ticker VLE. The last closing price for Volvere was 1,025p.
Volvere Plc has a 4 week average price of 1,025p and a 12 week average price of 870p.
The 1 year high share price is 1,225p while the 1 year low share price is currently 825p.
There are currently 3,119,109 shares in issue and the average daily traded volume is 1,531 shares. The market capitalisation of Volvere Plc is £32,750,644.50.
29/11/2018
09:23
rivaldo: So the current m/cap is £32.7m. This compares to the effective current cash pile of £37.4m, comprising £20.4m at 30/6, plus £23.1m for Impetus (incl. £2.87m deferred) less £6.06m buybacks. Plus the 80% of Shire Foods is worth say £5m (incl. the £2.6m freehold property). Add on say £600k for Sira Defence and you get £43m. With cash receipts up to Impetus' sale in October, VLE's NAV should now equate to around 1400p per share, compared to the current 1050p share price. Without any premium for the Landers' track record or for the likely value arising out of any further acquisitions.
08/11/2018
01:44
davidosh: I am sure you will all enjoy listening to Jonathan Lander at the MelloLondon investor event on 26th November. Do not leave it too late to buy a ticket though as we have less than 200 left... Http://melloevents.com/mello-london/ Jonathan Lander is the founder and CEO of Volvere plc, the turnaround investment company. Volvere’s net assets per share have grown at a compound rate of 17% annually for nearly 16 years and its share price has risen to 11x the price at which the company was admitted to AIM in 2002. Jonathan has 30 years’ experience in venture capital and investment banking, both as an investor and as an adviser.
02/11/2018
12:30
simso: Melf. Possible there is a tip somewhere, but even if not, logic would dictate that sellers must have "dried up", given we all had the opportunity to sell as many was we wanted earlier this week, and could sell in size and in the middle of the spread (If you wanted to!). Hopefully a few astute Buyers around, recognising what we already know! The share price this week has been at a discount to cash, ascribing no value to Shire (which could make c£1m Profit this year and has Freehold Property). I agree with the sentiment rivaldo expressed earlier..that Cash with Landers should be recognised at a premium rather than discount. They have an unblemished record over 15 years, the last acquisition turned into a 20 bagger in 3 years. One assumes the current uncertain economic landscape could lead to increasing opportunities to acquire businesses with real potential but financially constrained. Looking forward to seeing JL again later this month at Mello Chiswick.
31/10/2018
11:28
rivaldo: The share price should logically trade at around the "true" NAV, i.e around 1375p (which is of course subjective except for the 1186p of cash). But then VLE should trade at a premium to that NAV per share to give some value to management's ability and track record, and to the potential for upside from reinvestment of the cash pile.
31/10/2018
10:54
zoolook: Do you mean a premium to the current share price or did you mean a premium to the NAV or SOP valuation ?
31/10/2018
10:47
rivaldo: Re-working the calculations then.... Let's say VLE now have around £37m of cash - £19m net of borrowings at 30/6/18, plus £23.1m from Impetus (incl, the deferred), plus say a round £0.9m from trading since 30/6, less the £6m buyback. There are now 3.12m shares in issue. So VLE now have 1186p per share of cash. Simso valued Shire at £4.8m. That's another 153p per share. Adding in a bit for Sira gives 1350p-1400p per share of core value. With a track record like theirs, the Landers should really command an additional premium to the share price, especially since we'll hopefully hear further acquisition news in the not too distant future.
09/10/2018
10:59
kazoom: 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!
04/10/2018
10:31
stemis: Proforma net asset value is £43.9m or 1197p a share, including net cash of £42.1m (1148p a share). I'm guessing the £23.1m they 'retain' includes their share of the £2.87m retention. They are left with a tiny business (Sira) and another which just about covers their central costs. 1175p share price looks pretty fair value to me.
04/10/2018
10:16
rivaldo: I certainly chose the wrong morning to go out and be away from the screen :o)) So £23.1m consideration plus £20.4 existing cash equals £43.5m cash |(including the deferred element) - that's almost 1200p per share in cash alone. Plus the £2.4m of freehold property, plus the value of Shire Foods and Sira. So the current share price still looks rather low to say the least. Is the net £23.1m receivable net of or before any bonus payments to the Landers? From the wording I suspect it's after those bonuses due have been deducted. Also, 83% of the gross £31m is £25.7m, which leaves a lot of leeway down to the net £23.1m. Anyway, congrats to the Landers are due once again. To turn a net £0.73m into £31m is remarkable in such a short timeframe. Now let's see if we can dispose of Shire Foods too....
12/3/2018
11:40
simso: If the Landers wanted the share price to be higher / increase Liquidity, I think one route to achieving that would be the commissioning some paid research. As things stand, busy Fund Managers and also PI's who scan conventional metrics like PE Ratios (VLE is 25 on LY numbers), Dividend Yield (0%), PTB (1.4), ROCE (8%), FCF Yield (4%) etc etc. None of those convention metrics would point you to the exceptional value on offer here. It is a Unique company, and it takes some work and proper analysis, specifically a SOTP style valuation, to properly appreciate it. I suspect the Landers are not that bothered and would not want to spend the money on a piece of paid Research from an Edison or Whatman Howard, but I do think this is a company whose share price would benefit from one.
Volvere share price data is direct from the London Stock Exchange
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