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VLE Volvere Plc

0.00 (0.00%)
24 May 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% 1,475.00 1,041 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1,400.00 1,550.00 1,475.00 1,475.00 1,475.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 41.56M -537k -0.2292 -64.35 34.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:11:49 O 579 1,435.00 GBX

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Posted at 25/5/2024 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 1,475p.
Volvere currently has 2,343,422 shares in issue. The market capitalisation of Volvere is £34,565,475.
Volvere has a price to earnings ratio (PE ratio) of -64.35.
This morning VLE shares opened at 1,475p
Posted at 22/5/2024 19:47 by elsa7878
See Graham at Stockopedia, a long term holder, thinks £20.50 a share, so good to be in the same valuation ball park.
Feel very lucky to have picked up such a big stake from Canaccord when they were selling big lumps in the mid 11's.
Posted at 22/5/2024 08:35 by elsa7878
Struggle to see how this is worth less than about £20. At that price the market cap would be about £45 million with nearly £24 million in cash and a Foods business, which if you rate it at a very mean 10x is worth at least £20 million for it's 80% share.
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.

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 13/5/2024 09:19 by rivaldo
New 30-month highs now.

We already know that the results on the 24th will look great, and the £23.74m cash pile alone backs up 80% of the m/cap.

Shire is in the price for almost nothing.
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 15:54 by stemis
But in calculating P/E, NAV/share, cost of dividends or any other ratio that depends on the number of shares, they are the same and are excluded from the calculations. There are effectively no shareholders of those shares to receive any benefit from the company (unless you believe a company can be a shareholder in itself).
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 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.
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."
Volvere share price data is direct from the London Stock Exchange

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