Another brilliant acquisition VLE have just got themselves another complete and utter bargain....[link] For just £1.3m VLE have got: - £1m of net assets - £12m-£15m of turnover - a company previously making £1.5m PBT who appear to have had a bad year in moving to a small £0.1m loss IAL provides "consulting services to the automotive sector, including vehicle manufacturers, dealerships and national sales companies. The company, which has UK offices in Warwick and Cranfield, employs approximately 200 people serving clients in the UK and a number of other international markets. Further information on the IAL's activities can be found at www.impetusautomotive.com." The British auto industry is booming, so this is perfect timing. After turnaround IAL could easily be worth another £10m.
Important new appointment Important news - should bring about lots of opportunities for JMP with £100 million of procurement to arrange:[link] "JMP appointment on HCA multi-disciplinary panel 10/02/2015 - 06:22 JMP is pleased to announce our successful appointment with two leading teams (Savills and Tibbalds Campbell Reith) to the Homes and Communities Agencys (HCA) Multi-Disciplinary panel. Running from 2014 to 2018, the framework provides a range of technical development-related services to a wide variety of public sector bodies. This will support the HCAs expanding land role, whilst also helping other public bodies dispose of their land more quickly. The panel will be used to procure up to £100 million in development related services including planning, architectural, engineering, infrastructure and project management advice, and property consultancy The HCA panel is available for use free of charge by other public sector bodies, and offers a quick and efficient means to procure high quality, good value technical services, including transport, engineering and planning expertise. Through our lead partners, the groups of specialists have a wide regional coverage throughout England, enabling bespoke teams to be brought together with the best skills to suit each individual project, with genuine local knowledge and contacts, and a focus on placemaking and delivery. The core skills covered by JMP are Transport Planning, Highways and Infrastructure, Masterplanning, Water Management and Structural Engineering with seven offices in England covering all HCA regions (Birmingham, Bristol, Leeds, Liverpool, London, Manchester and Newcastle), plus three offices in Scotland. The HCA welcomes and encourages the use of the framework by other public bodies, such as Local Authorities and other Government departments, with users reporting significant savings in procurement time and competitive rates when compared to other panels or open tenders. Alan James, Executive Director at JMP commented: We are delighted to be part of two excellent teams on the HCA framework, and we look forward to bringing our specialist expertise to bear in assisting the agency and other public sector bodies in the successful delivery of their plans.
Share buyback just before results Nice - a buyback of £180,000 of stock at 300p...and just before the closed period for the results starts.If I was a betting man I'd say the results will be good and VLE want to buy in shares beforehand to maximise value:[link]
Looking good for 2015 It's been a decent 2014 for VLE, with a 14% rise in a poor market, especially for AIM stocks.But a lot more to come imo for 2015, especially once the 2014 results are released with what should be continuing further improvements - and say £12.5m-£13m of cash against a £12.6m m/cap (especially as there's been almost no buybacks in this H2).