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Bouncing up and down a bit! Since my last post I have been in and out again.
I do believe in this company as I think that construction will be in focus as the UK recovers from 2020, and Government sponsored projects like HS2 are more, rather than less, likely to go ahead. I will look for a re entry point if possible, else good luck holders. This could do well
Results due this week, perhaps people taking a punt or someone has got a sniff of good news.................
Has somebody removed the stake... It lives perhaps..
I disagree about no upside, this is a nice stock to have in a balanced portfolio, Van Elle offer dividends, which have fallen in amount over the past year, However the company has been through restructuring and will do well out of Highways England spending increases and High speed rail over the next few years. Whilst the company is a contractor it has a specialist offering. Buying now gives a good entry price, I had bought much higher, holding my stocks and increasing. I expect SP growth, and increased dividends in the future. But now.
I don’t intend to dampen anyone’s spirits , but with 80 million Van Elle shares in circulation, I can’t help but conclude that 36.5p is the maximum the company’s shares are worth.
I don’t see a big upside for Van Elle shares unless they can buy in some novel pilling equipment or technology; the pilling market in the UK has plenty of operators providing just as good a service as Van Elle.
They don’t PC enough work to make the big profits, sub contracting will rarely pay as well as controlling the entire construction; they either need to grow the company’s management offering or go back to being niche.
Lots of bombed out stocks. Just have to be careful picking them out of the cookie jar as too easy to get stuck to one!
OK - dok
But one has to advertise it or better " spin " it in order some investors realised of the bargains left.
I was lucky with another bargain TUI buying last month, I sold half of it today, more than double.
MasterRSI this may be bargain but it has been left off the radar and there have not been many who care.. Have a few in the bottom drawer and wonder as investors find it harder to find bombed out stocks they might find this...
and with that, we are on the move as trades keep adding in the ticker
spread 33 v 36p now
Finally, the MMs made the right thing on moving the bid price to 32p
Yesterday's 14K buy and today 10K help to that decision.
No spread move yet 30 v 35
but
selling at 32.10 and buying full offer 35p
MMs could be more generous and moving the bid up to be just right
eventually was 9 buys and offer went to 35p
What was 2 is now 3 buys
Someone says .... buying small I still can get 34p
What I see buyers are returning and MMs paying 32p for sells, bid at 30p
Most builders on the rise today, why not this one then even if is on the selling price, after all there is large spread and the last buyer paid full offer 34p.
Has been quiet for a while, but yesterday there was a couple of good buy and then today 50K, so looking good
Yesterday drop to 32p offer was an opportunity that some did not miss, especially this morning, plenty of volume already 88K
Simon Thompson in Investors Chronicle on line had a mention, late last week.....
"Gresham House’s value proposition
Aim-traded investment company Gresham House Strategic (GHS:950p) has been a top performer in recent years, but the portfolio has not been immune to the market rout, shedding 22 per cent of its value during March.
This highlights the important point that in significant ‘risk-off’ periods the valuations of less liquid small quoted companies are impacted far more than large-caps. That said, a negative shareholder return of 5 per cent for the 12 months to 31 March 2020 still outperformed all bar one of the open-ended UK smaller companies’ funds covered by Trustnet, and was almost 13 percentage points higher than the IMA average return for this universe.
The pull-back in net asset value (NAV) per share from a high of 1,420p on 31 January 2020 to 1,112p now means that GHS’s shares, at 950p, are priced 15.5 per cent below NAV compared with a 3 per cent discount in December. Importantly, almost a fifth of the portfolio is in cash, so GHS has firepower to exploit any attractive buying opportunities.
Latest portfolio additions include ULS Technology(ULS), a digital conveyancing platform for housing transactions which has launched a new product, DigitalMove, to improve the efficiency and speed of the process for consumers and advisers. GHS has taken an initial position in Van Elle(VANL), a piling and ground engineering specialist for the construction industry and a market leader in the rail sector ahead of a likely “tsunami of infrastructure spending in the years ahead”.
That the way, share price improving as there is good trading going on, meaning plenty of buying
intraday chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EVANL&width=575&height=330&p=0&t=1&cb=
From the "UPS" thread ....
UPS
VANL 33p ( 32 - 34p )
Moving up for the last couple day after a placing at 25p on thee 9th April, and reaching is lows. A beneficiary of the rail line Government news on the go-ahead for HS2. At the last Interims "We have a clear strategy focused on three core markets - housing, infrastructure and regional construction - where we offer a broad range of end-to-end technical capabilities through our extensive and well-invested rig fleet. Good progress continues to be made in building long term and strategic relationships with our key customers in all sectors." A new CEO recently.
Ahead of tomorrow's Budget, BBC today has made a report ...
Budget 2020: Chancellor will promise 'record' infrastructure spend
https://www.bbc.co.uk/news/uk-politics-51823021
+0.50p after 2 good 40K buys
Must be one of the few stocks moving higher from the stat of the day after blood bath for the market FTSE 300 points lower and FTSE 250 over 900 points in the red
Not much going on for the last couple days but a good 20K buy today
Have started late the buying today but as the day reaches midday the trades are appearing in the ticker and every time the trade is larger 9K and paying full offer 59p.
just now another 3K at full offer and share price goes up
MM decided to move up on the bid 57p after holding it last Friday when the demand was strong
Happy Valentines Day 2020
For my friends , I wish you a happy Valentine's Day
celebration and wish you get cherished love-filled
moments on this special day of love.
May you feel a wealth of love this Valentine's Day