sasa43
09 Aug 2017
Re: BUY Thanks, mantrova, for that xd date for the 1.75p divd; couldn't find it earlier...Yes, it does look cheap on a prospective multiple of only 7 but the earnings progression seems likely to be fairly sluggish unless they land a couple of good orders with decent margins (HS2?) or have some of the previously delayed contracts reinstated.Worth holding for now, I guess - sasa.
mantrova
07 Aug 2017
BUY Favourable BUY comment in this last weekend's Inv Chron and also Peel Hunt 26/7 have VANL as a buy and 140p target price.IC adds, "Shares trade on just seven times forecast earnings"I also note the 2017 div of 2.6p...xd 21 Sep.glm
sasa43
27 Jul 2017
Okay results... It seems to me with the figs and annual divd announced broadly in line with expectations.The better showing of the sp subsequently is a relief to see but can't see this having '50% upside' from here, as suggested by one broker, unless I'm missing something....sasa.
sasa43
25 Jul 2017
Finals tomorrow.... After a soggy showing in recent weeks, the sp's picked up slightly today - hopefully, the results will justify this and more to restore a bit of confidence here, which is much needed - sasa.
sasa43
26 May 2017
Re: How can anyone be enthusiastic about thi... Hi claude - just seen your post.Understand your concerns re: events post the IPO, as I, too, posted my misgivings at the time and decided to exit a couple of months ago as a defensive move, which I duly posted on here, anticipating a likely retreat to below the IPO 100p starting point; my guess was 75p - 80p odd - in the event, the sp bottomed around 85p.The subsequent price recovery has prompted me to re-consider this if the 5% odd profits crimp off earlier expectations was just an unfortunate 'one off' due to deferral / delays of one or two piling contracts expected to go ahead in the next financial year, as stated by the Co.In two months time, we'll know more of where we really stand, post the IPO. My hope, (based on the shop revisions) is for PTP to come in around the £11m mark for the full year, with eps of 12p ps, giving rise to a multiple of 9 or so at todays price. That's cheap if confirmed.A maiden dividend as a quoted company seems to have been re-iterated recently. What sort of a distribution might we see, if the eps expectations are met? Cover of 3 x odd might be prudent to restore confidence, especially if the piling delays are reported to be behind them, augmented by a positive forecast for next year.So, my guesstimate would be, say, 3p ps being announced to yield just under 3% at 104p with the shs then selling on a forward multiple of 8 or so - again that's cheap, hence my getting back in a couple of days ago at 98.5p, as also posted.Whilst I'm not a 'supporter' of the Co as you suggest, per se, for I don't know them at all but simply on the basis that everything has its price at the end of the day, those stats seem good enough to me to warrant re - engagement around the IPO price level. Dunno if that helps but GL with whatever you decide - sasa.
claude reins
25 May 2017
How can anyone be enthusiastic about this company I am not confident about the SP. What events have taken place during the period since the IPOFounder leaves within 3 months. New chairman.Business falls short in a trading update.MD leaves immediately.Unacceptanly high levels of commission on the IPO.Some additional concerns about financial irregularities?I cannot understand how the SP has climbed back up again. Admittedly, the latest trading update tals about new contracts, but are these the contracts that should have been implemented before the year end? There are no figures attached to these contracts - a disappointment.I would like to hear what the supporters - the last two posters - have to say about this. Then I will reconsider my decision to hold off buying at the moment.
sasa43
24 May 2017
Second time lucky? The recent disenchantment seems to have been allowed for now with the sp recovering quite steadily from the 85p area I feared was likely to be visited a few weeks ago (sub IPO offering at 100p) so have just got back in again at 98.5pHopefully, the false dawn was a 'one off' and is behind us now....sasa.
mantrova
05 May 2017
Coming along nicely. The drop was unfortunate but the share is coming along nicely and the current price area is an attractive entry point, I feel.March 2017 tp was 120p from finnCap.......for starters.f
bigbunny
04 Apr 2017
shameful Events at Van Elle since admission to AIM In October last year are shameful. I struggle to believe that it was not possible for the Nomad, Broker, accountants and lawyers to identify, in the due diligence process prior to Admission, the underlying issues giving rise to the many problems which have emerged since. How can the astonishing sum of £3.5m paid in fees and commissions possibly be justified? Surely there must now be a wholesale reconstruction of the Board and for Van Elle to become part of a larger better managed group? But what else is to emerge from the woodwork first?
nk1999
25 Mar 2017
IC View From Wednesday:"Shares in Van Elle (VANL) fell over 20 per cent after the ground engineering specialist warned that contract delays will reduce revenue for the year to April by around 5 per cent. The problems are in the specialist piling division where deferral and delays mean that rail activity is likely to show just a modest improvement. The other three divisions are all performing as expected, and a final dividend will be paid in line with expectations. Peel Hunt has revised its forecasts, and now expects adjusted pre-tax profits for the year to April 2017 of £11m and EPS of 11.7p (from £10.7m/12.1p in 2016). Despite the setback - much of the delayed work will be picked up in the new financial year - Van Elle is still performing well and has cash on the balance sheet. The shares now trade on just 8 times forecast earnings, falling to 7 for the year to April 2018. Buy."
