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I know I should not bang on about investing in good strong company's with solid futures like van elle which has been around for 33 years. But I write after reading in my paper about an easy access isa paying a leading rate of 1.02 tax free yes 1.02. Van elle is paying approx 3 % per £1 invested with easy access ie sell and transfer within a day. There are a lot of company's who are paying good dividends who will be around for our lifetimes and beyond. Ditch the isa and invest in uk infrastructure. .
At last some realisation that this company was under-valued and has a good future ! Thanks for the post re the land - GLA
Re my post on land, I have made some enquires and it does seem true that the company owns a substantial amount of land through which phase 2 of hs2 will run through. If the 2nd phase is approved and the line built this will mean a nice wad of cash coming into the company's accounts in a few years. As a long term investment this is one for the pension pot.
Knew I should have bought more at 85p, oh well, headed in the right direction, nice to see back over 100p next week
5.6% rise...
The IC reiterated their Buy tip again today, stating a solid performance, record turnover and a 12.9% rise in underlying cash profit. Investment in new equipment has helped win specialist contracts and has already started on piling works associated with HS2. Ground engineering products boosted revenue by 71.2% thanks to significant increased demand for its quick to install precast concrete foundation system. All looks positive moving forward GLA.
Read a post on other site. It seems van elle owns land on m1 near junction 28 which hs2 is going through ? Is this true and do we know how much hs2 are paying for this land and why has the company not mentioned this as it will surely be a massive one off payment into the company's accounts or maybe the shareholders could be paid a one off divi ?
I agree with your comments on the results, and progress to date since IPO. Whilst they are far from unique, they are also small enough to react to changing market conditions, price accordingly, and hence keep busy. There are not barriers to entry for the type of work they do, but there can be significant timing issues re tooling and staffing up. I know from my own experience, that many European workers are being out off coming to the UK, mainly due to the poor exchange rate when they convert their earnings back to euros. Given a busy outlook, contract prices are likely to rise, and hence margins. GLA
Good post. Just needs a bit of coverage in Mail and IC to raise over 100p. Hopefully get some big contract wins from larger contractors on HS2.
A good set of results for a company which has only been public for 10 months. The 2.60 dividend is better than any isa or savings account is paying. The board has addressed any fears in previous posts about employees leaving and possible claims against the company. This will never be a stellar performing share but a stable long term investment paying approx 3% on every £1 invested with the opportunity of share price growth as well, with all the rail projects in the pipeline and the government committed to building more houses this is a good long term investment.
Peel Hunt broker (house broker) target 140p. 50% upside
Market cap of £72.8m. Reported profit £9.7m. Got to be a bargain at 92p surely? P/e 7.5
So we'll soon know whether the flop, post the IPO, is warranted or not. Hopefully, todays uptick in the sp (after a protracted soggy showing) is indicative of them getting back on track - sasa.
Van elle have taken delivery of a massive new piling rig this July. Looks like they are gearing up for some pretty big construction projects.
Cannot believe for 1 minute that VANL will not get any work on the HS2 project. Not having that at all. If they do not get any work on the largest rail project ever (£56Bln) then I'm afraid I chose the wrong company to invest in as that would be seen as incompetent from any angle. Just to clarify I think they will get a lot of work from HS2.
The damage caused in Cornwall through flooding on Tuesday shows piling and ground workers like van elle will be in demand when all the big boys are tied up in hs2 especially now the 2nd phase has been announced. The roads around the village have been washed away. Where hs2 will have fixed price and penalties for contractors, emergencis like this will need to be fixed quickly so the margins will be better. It may be a good idea if van elle does not get involved in hs2 and concentrate on contacts where the profits are better. There will be plenty of work for the smaller players when the big boys equipment is tied up in hs2. This share is not a quick profit but a long term investment. As I said in a previous post they are the renew holdings of the future which I purchased for about the same price a few years ago and are now 4.30 having hit 5 earlier this year.
Flotation price set too high...worth around 75p at most. Should not have paid dividend so soon...raised expectations. Experienced Chairman retired suddenly and left management vacuum. I believe only 5th largest groundworks outfit, so hardly any market muscle. Infrastructure companies out of favour in wake of Carillion debacle. Would buy back in 50-60p.
If van elle does not get a slice of hs2, which is unlikely, then they will mop up the other infrastructure jobs that need doing while the other players are working on hs2. There are just a handful of piling companies with the big rigs to carry out large projects, van elle has been buying new equipment since going public, they may not be up to speed running a public company but they are experts in there business.
When VANL first floated, the Mail's Midas gave this company such a glowing report...strong management team, plenty of work and bright prospects. Seems to me that they can't hack it as a public company...too many errors....not least that the Chairman retired soon after the float...strange ?. I might be tempted to buy more at 50p, to lower my average, but I can't see this returning to £1 anytime soon. GLA
OK so the short list is out. Does anyone know if Van Elle were part of an un-successful consortium, and if so which one? The footnote on the commentary I read, says that stations and other rail infra will be tendered later, so not all is lost, if at all. GLA
Not fr Carrillion I hope
Not big enough to act as main contractor on any single part of this IMO. Loads of groundworks, and almost bound to get some of it, as you say, as subbies. GLA
Surely they'll be subbys though
Contract awards hs2
Any news that we are missing?