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VLE Volvere Plc

1,450.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 1,450.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1,400.00 1,500.00 1,450.00 1,450.00 1,450.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 43.05M 2.12M 0.9481 15.29 32.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,450.00 GBX

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Posted at 26/7/2024 09:20 by Volvere Daily Update
Volvere Plc is listed in the Business Consulting Svcs,nec sector of the London Stock Exchange with ticker VLE. The last closing price for Volvere was 1,450p.
Volvere currently has 2,233,922 shares in issue. The market capitalisation of Volvere is £32,391,869.
Volvere has a price to earnings ratio (PE ratio) of 15.29.
This morning VLE shares opened at 1,450p
Posted at 12/7/2024 22:02 by zangdook
I suspect it may partly qualify - the business would qualify and the funds held for investment would not. I'm not sure how HMRC deal with that, given that the share price is independent of the value of the assets.
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 16:30 by zoolook
As per recent RNS “In the short term, the Group will continue to buy in its own shares whenever possible in order to narrow the Group's share price to NAV per share” which is moderately amusing as this wouldn’t narrow the gap much given the declared NAV is £14.83!
It would be helpful if they were able to incorporate a sensible value for Shire in that NAV to demonstrate the real value here.
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 22/5/2024 07:11 by jaf111
Actually results out today……and

The Board is conscious of the Group's share price, which it does not believe reflects the underlying value of the Group's assets. These are principally cash, liquid investments and the investment in Shire Foods. We are considering a number of ways through which to unlock this value for shareholders and will update investors on these developments at the appropriate time.

👍👍👍❤ʊ39;
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 11/3/2024 11:55 by rivaldo
Worth noting that in the last week (assuming that the 1075p trades are buys) there's been 5,652 shares bought and none sold, i.e around £60,000, with no effect on the share price. Which is most unusual for this stock. Presumably there's a seller in the background, but it's also good to see the stock getting bought up.

Hopefully this'll clear the way for after the results - or perhaps a trading update soon given last year's was on 14th March.
Volvere share price data is direct from the London Stock Exchange

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