LightwaveRF – argues “has continued to make progress”. Er, what about the like-for-like sales swing for starters?
Tom Winnifrith Bearcast: Any bloody fool (bar Neill Ricketts) can grow sales if he, she, they or it spunk enough on marketing
Audioboom – emphasises “revenue growth” & “EBITDA improvement”. Er… what about cash flow & the balance sheet?
“Van Elle (VANL), the UK's largest ground engineering contractor, is issuing the following trading update ahead of the announcement of its results for the six months to 31 October 2019”. Hmmm – not ‘pleased to issue’?...
Previously writing on ground engineering contractor Van Elle (VANL), in May I noted after another profit warning last month, “Directorate Change”, concluding I previously noted so here “continues to make good progress on its transition plan” = another profit warning! And previous “positive momentum” swiftly turning into a warning on trading, adding to a litany of woe. As such, at least ahead of some clear financial delivery, I continue to avoid. Now a “Trading Update”…
Last month geotechnical engineering company Van Elle (VANL) updated including then current-year performance below expectations but that it “continues to make good progress on its transition plan” and that “momentum entering the new year underpins the board's confidence in the prospects for the group”. Today a “Directorate Change” announcement…
Geotechnical engineering company Van Elle (VANL) has updated commencing, “The business continues to make good progress on its transition plan, announced in January”. The shares have responded higher – but a still sub 50p share price compares to 80p at the start of 2019…
Last month geotechnical engineering company Van Elle (VANL) emphasised “positive momentum”, but I noted I was particularly cautious of the “greater second half weighting” it envisaged. The shares were then just below 80p. Today there’s half-year results including “trading in H1 was in line with revised expectations”… but the shares are currently approximately 25% lower, at around 60p, on the back of the announcement…
Having listed on AIM at 100p per share in late 2016 and the shares having recently slid towards 80p, a half-year trading update from geotechnical engineering company Van Elle Holdings (VANL) includes “new contract starts have progressively gained momentum”, “gross margins have continued to improve” and “the positive momentum exiting the first half has continued into the start of the third quarter and the group's orderbook at 31 October 2018 was 16% ahead of last year at £32m”. So why have the shares responded further lower, below 80p?...
In January, as the shares slid below 90p, I was cautious on geotechnical contractor Van Elle (VANL). There’s now a “Trading update and CEO succession process” announcement…
Geotechnical engineering contractor Van Elle (VANL) has updated regarding the demise of Carillion plc as it “carries out regular work for Carillion as a specialist lead sub-contractor, principally in respect of rail improvement and maintenance work where Network Rail is the end customer”…
Previously writing on Van Elle (VANL) I noted the founder-seeking-to-return EGM requisitioner hits out again ahead of the meeting. The company has since been “pleased to announce that, at the General Meeting… all the Ellis Resolutions were defeated by shareholders” - and Michael Ellis has responded…
Having previously noted the company responding to founder-seeking-to-return, Michael Ellis’ EGM requisition detail, Ellis has responded – and again hit out at the board of Van Elle Holdings (VANL)…
Previously writing on Van Elle Holdings (VANL) last month it was as it updates on trading & CEO to step down as responds to General Meeting requisition. The latter is from its founder seeking to return – and he has since detailed why, with the company now further responding…
Writing last week on Van Elle Holdings (VANL), I noted a boardroom shake-up General Meeting requisition from its founder seeking to return. Today brings a response from the company…
Van Elle Holdings (VANL) listed on AIM at 100p per share little more than a year ago, with at the time Chairman Michael Ellis “absolutely delighted to have successfully brought Van Elle to the AIM market… there is significant opportunity ahead and admission to trading on AIM will help us to accelerate the growth of the business” and Chief Executive Jon Fenton; “I look forward to reporting on our progress as we embark on the next stage of our exciting journey”. Less than two months later it was announced that Ellis was to retire… but he is now seeking to return...
An update from Van Elle Holdings (VANL) ahead of its AGM today includes “trading in the first quarter of the financial year has been encouraging” and that the board “remains confident in its expectations for the current financial year as well as the long-term potential of the group”. Sounds encouraging…
Hello Share Twiddlers. Continuing my theme that companies which build houses should do jolly well out of the various election promises to stimulate house building, I offer for your critical perusal another lot which services the building industry.
Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”. 22nd March 2017: trading update including “delay and deferral of contracts”…
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