RE: MasterRSI4 Jun 2020 22:48
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.