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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 720.00p 700.00p 740.00p 725.00p 720.00p - 85 07:31:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 33.0 2.0 32.6 22.1 29.92

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Volvere (VLE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:36:29706.0017.06O
12:06:02730.0050365.00O
10:15:56730.0034248.20O
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Volvere (VLE) Top Chat Posts

DateSubject
22/6/2017
09:20
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 720p.
Volvere Plc has a 4 week average price of 672.50p and a 12 week average price of 560p.
The 1 year high share price is 790p while the 1 year low share price is currently 427.50p.
There are currently 4,155,958 shares in issue and the average daily traded volume is 496 shares. The market capitalisation of Volvere Plc is £29,922,897.60.
30/5/2017
09:13
rivaldo: Simso, this extract from the results makes things crystal clear. Firstly, VLE utilise active treasury management in respect of the cash pile. In the past this has been extremely successful on the whole, though 2016 was not so. Secondly, the subsidiaries act as independent entities in terms of cash flows. Incidentally, there is no broker coverage at all. The Landers do not believe in throwing money at unnecessary expenditure on promotion, in the belief that the share price will look after itself. Which - over time - it certainly has! "Whilst continuing to review and assess further investments in trading activities, the Group had significant cash on hand and has continued with active treasury management in response to prevailing low interest rates. This strategy achieved investment revenues and other gains totalling £0.16 million (2015: £0.59 million). The Group realised all such investments in late 2016 at a loss (before income), of approximately £0.02 million. The Group's net finance expense was £0.11 million (2015: £0.12 million). In spite of the Group's significant cash balances, individual Group trading companies utilise leverage where appropriate, and without recourse to the remaining Group."
26/5/2017
10:56
rivaldo: Crikey, just returned home to find 15 posts here since mine earlier on - things have certainly changed for the better on this thread :o)) All this attention, and likely articles on the results in the IC/from Simon Thompson should help drive the share price further.
19/5/2017
11:26
rivaldo: Congrats to whoever just bought 1,000 shares at 660p - they must have a genius broker! I can still only buy a maximum 150 shares online at 660p, whilst I can sell 2,000 at a premium at 641.11p. Melf, in my experience although a huge cash pile does indeed act as a defensive backstop and bulwark (which is great), in many cases a huge cash pile actually holds back the share price upside since it's seen as a dead weight and not actually doing anything material for the company. If it weren't there and the company were purely a collection of businesses, then those businesses might be more realistically valued.
19/5/2017
10:49
melf: I suppose the large cash back stop is really supporting the share price given the way market is valuing the sub companies. If it wasn't there, one wonders where the price would have been.
05/4/2017
15:39
melf: Yep, the share price is probably only c£4 under its fair value now :-)
22/3/2017
14:14
rivaldo: This is a note to self to update the thread header post at some point for newbies. Good to see the share price tick up on the offer despite a couple of decent-sized sells today. I notice the sells achieved a decent premium to the bid price, whilst buyers are paying near the full offer price, which is encouraging. What a lovely share this is to hold when the markets are falling hard as they are today.
21/3/2017
10:19
rivaldo: RNS : VLE have bought back 10,000 shares at 540p. This is the first buyback in over a year. If that's not a signal from the company that they consider the current share price cheap, then I don't know what is! Http://www.investegate.co.uk/volvere-plc--vle-/rns/transaction-in-own-shares/201703211015010649A/
21/3/2017
08:56
rivaldo: Welcome G78, good to see you here. This is usually a pretty quiet thread, so it's easy to read back and research, but in essence two shareholders who had substantial stakes - and profits - called Marks and Zimmerman have been slowly drip-feeding their stock into the market for a number of months now. I'm assuming they still have the dregs of their holdings left, but that won't last long at this rate. Since there's generally such a small free float, historically the share price would have jumped by anything up to say 25% on yesterday's news. Given the upside this would be completely justified. IMO you've got yourself a bargain!
20/3/2017
15:39
rivaldo: Terrific trading update! Http://www.investegate.co.uk/volvere-plc--vle-/rns/trading-update-and-notice-of-final-results/201703201531509895Z/ - NAV of 614p (excluding the company uplifts of course) - £20m of cash - Impetus storming ahead, Shire doing OK if down despite Brexit currency moves, Sira now making £160k PBT The share price should surely be at 600p and hopefully well above that now.
14/11/2016
14:01
rivaldo: The November issue of AIM Prospector magazine is just out, and includes this positive summary of VLE (these are also the people behind VLE's recent presentation in London): Http://www.aimprospector.co.uk/uploads/201611_cwok9/201611_subscribers_ap.pdf "Volvere Volvere is essentially a 2-man (brothers Jonathan and Nick Lander) operation that specialises in turning around either loss-making or marginally profitable companies. The Landers implement their management skill set and sell rehabilitated companies at a profit. Volvere has typically worked on two to three turnarounds at any one time, selling them after three to five years. Since 2002, IRRs of between 40% and 160% have been achieved upon sale of acquired companies. Accumulated cash accounts for nearly 75% of the NAV. Dividend policy is “no dividend” but Volvere does have a history of share buybacks. The company does not feel any pressure to distribute the cash pile because such liquidity is required to maintain Volvere’s standing as a capable acquirer with turnaround project vendors. The operational track record has been rewarded with a share price that has grown at a CAGR of 13% (vs. FTSEAllShare 5.2%) since the 2002 IPO, notwithstanding the intrinsically high-risk policy of taking on such concentrated investments. Can they keep up this amazing track record? The shares are valued in the market like a holding company — which Volvere is not — and provides a comfortable (and potentially very rewarding) entry price for disciples of the Lander brothers."
Volvere share price data is direct from the London Stock Exchange
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