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MM walking this share lower every day....typical AIM mugging of PI's. Regretting selling my Tesco shares, to buy this pile of poo. Am off to thrash myself with birch branches.
Yep, you are correct, there will always be buy & sell. Prices will fluctuate. Long term hold. As I live on the south coast, 15 minutes from the sea side, so a short walk
Hello Makesmewonder, No I doubt VANL would be a takeover target. Just a time to improve the trading position and recovery from the scenario re: Carillion. ATB
Nothing untoward about share buying and selling trends. I do not worry too much about this one. Took the divi in shares and happy to wait for long term gains. I am though struggling to see value in most of the market. Anyway the sun is shining so its off we go to the sea side Be good
Spindok...Thanks for your thoughts. What do you make of the 795,654 share trades on the 12th....hopefully all buys ?.
I think not. This requires patience but will come good as long as the projects planned go ahead. Gl
Dar...Thanks for info. In view of their weakened position, do you think Van Elle are a takeover target ?.
Well I'll give an observation - for what's it's worth................. VANL incurred a �1.6 million bad debt from Carrilion, that will impact on cash flow and future sales. Recent turmoil on board of directors will take time to stabilize. Times will differcult ATB
Don't want to be....all by myself....on this board !.
MM keeping it pretty tight. Has anybody got any thoughts on trading pattern ?
Some big buys today...maybe something stirring ?. Hope so....made a few quid on Tesco and bought back in here.
This goes ex divi tmmr. Will need to go a few more times to get anywhere... Just have to hold and see..
Skippy....Yes, it's all gone a bit flat, since the euphoria after flotation. Not sure that the current BOD really know how to steer a listed company. I sold at �1.25 after float, but have been waiting for right price to buy back in, as could do well with competent management. This is top of my watch list and would deffo buy at 80p.
Not happy with how this has gone since the Ellis affair. Needs some positive news, or it will drop further IMO
Perhaps it was Otus Capital Management LP - a "specialist in European smaller companies for institutional and HNW clients". They disclosed a 5.23% position at 3pm today, having not had a disclosable position previously. I take their purchase as good sign. Personally, any ST impact from Carillion aside, our company is ridiculously under valued. 4.4x Historic EBITDA, minimal leverage, double digit ROCE (and that's valuing the equity component at market not book. Latter is even high obviously), and a 3% yield. So long as they can maintain top line momentum and cost discipline I think this should fly on a 12-24M view and I have been topping up at current levels. Looking forward to the Interims...
Someone has confidence in this company, half a million pounds worth, wish I had that sort of spare change to invest in this company. The dividend payout is far more than an isa
JustChampers...Too true ref "unlucky companies". I too have learnt the hard way. Once a company attracts bad luck, it seems to snowball. I got the jitters when Ellis retired so soon after flotation...not a good move. At least I made a decent profit. Was looking to buy back in for the longer term, but too risky at moment.
I read the rns, rolled over and went back to sleep. The fallout of this bankruptcy will be far reaching. Sadly the public sector is simply not sharp enough. I ran my own company for 25 years then sold it and joined the council. There was a mind set which I found stultifying. Nobody cared except about their own little domain and I learnt what silo working was. Fortunately after about the 4th re organisation I was asked to apply for my job. I didn't and have never regretted it. Since I left the bit I was employed in has been outsourced and is a complete shambles...I shall hold here as the government cannot afford to have hundreds of contractors go pop..
I think you are right in your LT judgement. Sooner or later this issue will get resolved.. One might question if they would even have got paid by CLLN?
We're all differen...! I just bought more at 85p!
No panic, just a judgement call to attempt to manage risk without emotion in the context of a diversified portfolio. I hope for all it will be positive outcome, but for once am cutting my losses as my initial attraction to this share had soured with the boardroom upsets, so I was getting fidgety, I have learnt the hard way to avoid "unlucky" companies !
this was one of my tips for last year, nothing seems to go right here. Got out a long time ago, continues to disappoint.
Okay the company is owed 1.6 million. It may or may not get this back, van elle is a solid professional company with a good order book, the work they were contracted to do still has to be done, it would not be surprising if network rail employs them direct from now on and not through third party which means higher profit margins for van elle. Remember they own many acres of land which the 2nd phase of hs2 will buy from them, I suspect this will more than offset any loss they make from carrillions demise
I'm out (at 86p), so it'll probably recover now, but don't want to watch another slow but constant fall develop, rather get out now at a small loss, may buy back in if the price seems right !
I hope you're right, tempted to sell the few I have here and return at a later date !