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imho this is an overlooked stock.
I bought in Feb '18 expecting a price rise to 100-125p within 12mths. This didn't happen, quite the opposite, but I have this week averaged down significantly by upping my holding 150%. I think there is so much upside potential here and even the full year results update is positive ... the directors have skin in the game so no need to peddle bogus claims just to keep their jobs and salaries when they stand to lose on the equity.
Could easily double on goodish, sustainable news
And now Petersom its c.45p, another 15% drop since your post. I don't now what to do here, tempted to average down but am just throwing good money after bad? Its depressing that there are so few posts on this board, yours was nearly 3 months ago. When PIs give up and lose interest like this the SP will just drift in one direction, virtually daily
The level to which these shares have fallen is just mind blowing. Prior to today's rise VANL was trading at an implied 2.5x 2018 EBITDA, 30%+ Operating FCF Yield (defined as EBITDA-Capex), an 8.5%+ dividend yield and a P/E of less than 5x. I know the construction sector has been suffering, I know the construction sector is cyclical, I know that there have been company specific problems... BUT 2.5x EBITDA / a 30% OpFCF yield. Just amazing at the (mis)pricing that can happen in the micro cap space. Even after today's relief rally the shares are still basically priced for complete disaster. If management have really stabilised the ship (and of course if, but today's update sounds promising) then today should just be a taster of the further potential re-rating on an 18M view
What a totally strange feeling,watching these go slightly North. Having held them since those heady days of the 120's, I thought they only ever went down.......hope it's not a blip.....
...... this morning. May well surprise to the upside.
Maybe an over reaction, maybe not, my average is 88p by the way.
Do I feel confident enough to average down? Hmmmm!!! I feel I hold more promising shares than this, I thought that VANL would be good exposure to the HS2 millions. Not working out. At least they have retained a dividend, albeit reduced.
https://www.constructionnews.co.uk/companies/financial/van-elle-boss-says-were-not-broken-after-profit-warning/10039011.article
Q4 normal margins
Not much to say. Train wreck
Cosmic
Sadly not, its a great shame that there is still so much infighting between the current mgt and the previous ones who happen to be major holders of the co. I once invested very early in VANL but came out very quickly with a reasonable profit and since then the sp has come down and hovers around the 80 mark. Best hope is that a bigger co like KLR buys the co but i doubt it with the current uncertainty.
Is there anybody there (there, there, there, there....)
I have other shares where there are 50-100 posts each and every day, even when there is absolutely no news whatsoever.
Last post of here was nearly 5 months ago, and that was....let me see......me!!
I'm just hoping that this company is simply getting on with the job and will benefit from HS2 in the fullness of time.
I was surprised to read this. Is it normal to give such an incentive? Does he own the shares as an outright gift or are they loaned while e is in office?
It would be nice if the new chief executive purchased with his own money shares in the company to show the shareholders he has confidence in the company's future, although I doubt this will happen as he has just been given 332 thousand shares as a golden hallo, why should he use his own money.
I believe that what is depressing the sp is the ongoing tussle between the current mgt and the Ellis family who are very major shareholders. The recent results were very good and bare in mind that VANL with KLR who is the biggest player in the industry dominate the market. But as long as the dispute goes on, i fear the sp will not show its real value.
Thought all looked to be under control.. I shall hold for the foreseeable future....Probably prove a mistake but hey ho
New MD, new broom...hope he's superman and can fly this earth-bound company out of the hole they are in! See Mr Ellis et al are holding onto their shares! GLA
New MD, new broom...hope he's superman and can fly this earth-bound company out of the hole they are in! See Mr Ellis et al are holding onto their shares! GLA
I have popped in and out of this share once or twice, and currently hold a few thousand.
Seems dead, not helped by a) Carillion b) No confidence as shown by director buys since late 2016 c) Maybe worries about labour commitment to HS2 thus making the SP sensitive to teh popularity of the governmend (like the Utilities).
Any thoughts? Talk to me, I'm lonely!!
Bet he wishes he hadn't bought given the fall since then! This is a slow burn, but sadly, slow decline also ATM!
Posted in his diary on Thursday that he liked the RNS update and has bought back into Van Elle...
It would be nice if the directors showed confidence in the company in buying some shares !
Purchase through. Wish I had those sort of trading funds!
Was not a 'profit warning' as someone over on advfn said - it was actually full of positive info: 1) "modest year-on-year revenue growth in the second half against a strong comparative period in the prior year" -- they are going to improve revenues even after bad weather and a strong corresponding prior period. 2) all is not lost with Carillion contracts and their rail unit is picking up new business all the time 3) ground engineering unit sounding like it could come up trumps with some contract wins 4) new CEO sounds punchy and has got friends in high places with regard to HS2. So long as they keep paving paradise Van Elle will keep making money..
This begins to look like an excellent long term hold. Rns was ok.
The new chief executive looks like a good addition especially with his experience on hs2. (It's not what u know it's who u know) no surprise they suffered during the recent bad weather but the underlying business looks strong and can only grow as projects get underway. Good long term hold