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Listed on the AIM Market on the 28th Of October 2016

The company is into infrastructure work for roads and railways.

It crossed my radar when a my builder asked me if I had heard of them, as he had had a conversation with a third party saying they were going places. (he does not do shares so was not ramping it to me)

I did some research and thought "Well the government are into infrastructure spending so maybe worth a punt."

This is hardly sexy stuff, pushing Piles into the ground, but I dipped my bread at 101 and expected to regret this impulse buy. However so far there appears to be others thinking the same. Not on the radar of the various BBs that I can find so other than my builder not being talked up. (Till now by me.)

Proceed with caution

22 Mar Peel Hunt Buy 90.50 150.00 130.00 Retains

StockMarketWire.com
Van Elle Holdings said its directors now expected the company to deliver FY revenue of about £93m, some 5% below its previous expectations.

It said, as indicated in January 2017, there were a number of contracts within the Specialist Piling division expected to be confirmed and commenced in the second half, particularly in the division's on-track rail business.

"The Company now anticipates the start date for several of these contracts will be delayed beyond the end of the current financial year and, in a small number of cases, the expected call-off schedule and distribution of work packages may be revised," said Van Elle in a statement.

Whilst the company still expected to deliver a number of these contracts on revised time schedules, it would not receive the previously expected contribution from them in the current financial year.

"As a result, the board now expects to deliver full-year revenue of approximately £93m, some 5% below its previous expectations, with the Group's underlying operating margin slightly reduced as a result of the adverse mix impact," the company said.

It noted that cash generation in the group remained strong and directors intended to recommend a final dividend in line with its expectations at the time of the IPO.

Overall trading in Q3, which included significant levels of activity in December and January, was in line with directors' expectations.

As a result, for the nine months to 31 January 2017, the group delivered total revenues of £70.8m, representing growth of 16.4% on the prior year.

"Conditions in Van Elle's end markets remained satisfactory throughout the period and the Group continued to focus on generating improving returns through strong operational execution."

Van Elle said trading since the start of Q4 across the General Piling, Ground Engineering Services and Ground Engineering Products divisions has continued to reflect stable underlying market conditions and the group expects the outturn in these divisions for the current financial year to be in line with its previous expectations.

Making too many cock ups for my liking.

stayed away, only just, reason why does a long time firm come to a listing, wants
money, i may buy @ 60p NAV unshore BB

finnCap Buy 91.50 150.00 120.00 Reiterates

Something in last nights Metro about connection with broker and some other float that's not gone well.

Where is the ramptastic Martini, has he not noticed its up a lot today or is he denied internet at the old codgers home till midday?

StockMarketWire.com
Van Elle Holdings said conditions in its key markets were unchanged to the end of Q4 and, consequently, directors expect to report results for the year ended 30 April 2017 in line with revised expectations.

It had begun the current financial year positively and continued to secure new work across all four of its Divisions.

"In addition, to complement its current capabilities, the Group has strengthened the senior management team with several key divisional appointments to support the growth and ambition of the business."

Van Elle also confirmed Adrian Barden would take up the role of non-executive chairman from June 1, having been undertaking this role on an acting basis since December 23, 2016.

As a result, Robin Williams would become the senior independent director, also with effect from June 1.

"The Board continues to focus on building the Group's platform for the future and has started the process to recruit an additional independent Non-Executive Director."

Its going up again, at last !!

StockMarketWire.com
Van Elle has appointed David Stuart Hurcomb as an independent non-executive director.

Hurcomb, 53, is the chief executive of NG Bailey Group and has previously heled executive positions at Carillion, Balfour Beatty and Mansell.

Have been casting the eye over this lot in the past couple of days. Not seeing much downside at this price. A lot of bad news priced in? They also seem to have been investing heavily. Admittedly, not a sector that has done particularly well this year, but the worm usually turns. :)

No position yet.

A bit of infighting today. Watching on.

>>>> Piling into Van Elle?

I have 82p thought was a good entry price
Great buying opportunity, if there is a board room coup it can only be good news for the company as the person who wants to take back control is its founder who only has the companies best interests in mind, and of course it's profit's to increase its share value.

Correct. Think I'll continue to monitor for now.

Given the protagonists on both sides own a fair chunk of the shares it should make for entertaining viewing.

Finally moving upwards

Comment from Investors Champion. (Register, then free to view):

Http://www.investorschampion.com/channel/blog/van-elle-yet-another-questionable-turn-of-events-soon-after-arrival-on-aim

One thing I had failed to note until last night was the results of the voting at the AGM on 12/9/17. Discord evident in the voting so maybe yesterday's news has been coming for while.

Better turnover and profits to come, no profit warning or nonsense. The one division clearly needs some improvement, but the others are performing very well and more than compensate.


Half-year trading update

Van Elle, the geotechnical engineering contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is issuing the following trading update ahead of announcing its interim results for the six months ended 31 October 2017 on 25 January 2018.

Overall trading in the first half of the financial year has been positive and the Board expects to report turnover of approximately £53m (H1 2016: £43.1m) with underlying profit before taxation increasing by approximately 15% (H1 2016: £4.7m).

The General Piling division has performed strongly in the period, benefitting from an enlarged range of rigs and techniques. Divisional revenues have increased against the comparative period last year, with further operational efficiencies in delivery resulting in good profit growth.

In Ground Engineering Products, the Group's proprietary Smartfoot® foundation system continues to gain share in the market and operating performance in the period reflects the benefits of the expanded manufacturing capacity.

Ground Engineering Services' revenues have also been encouraging. The division has seen strong growth from the recently established Scottish business, which has enabled the Group to increase its activity in this region significantly, albeit overall margins have been impacted by remedial works carried out in the Ground Stabilisation operating unit.

Performance in the Specialist Piling division has been more mixed, with market and operating conditions in the Group's rail business remaining challenging in the first quarter, as indicated in the trading update on 12 September 2017. Whilst rail turnover growth has been reasonable, the commercial parameters in two specific electrification contracts have resulted in a dilution to gross margin, with a result that divisional profit will be below that in the comparative period. Pleasingly, margin performance has improved consistently during the second quarter and expectations for the second half are for a return to satisfactory levels.

Cash performance in the half has been good, with the strong operating cash flow generated. The Group has also continued to invest, acquiring nine new rigs which will enhance its service offering.

The Group has a seasonal weighting towards a stronger second half and the Board expects this will be the case again in the current year. As the Group enters H2, enquiry levels are encouraging and the current order book as at November remains strong. The Board continues to monitor market conditions closely and whilst mindful that the Group is subject to clients' decisions regarding contract call-off timing, its expectations for the full year remain unchanged.

I think some must be Piling IN, has gone to 87.25

It's an interesting watch this one. Great bun fight. Avoid for now!!

StockMarketWire.com
Van Elle Holdings has urged its shareholders to reject resolutions proposed by company founder Mike Ellis that would give him more control of its board.

A board of eight directors envisaged by Ellis would include himself, his son-in-law and the three unnamed non-executive directors the he had selected, the company claimed.

"The board believes this board composition could allow the Ellis family to exert significant influence over the conduct of the board in the future," it said.

Van Elle also said that it rejected Ellis's claim that the company was "going backward".

"The group has a seasonal weighting towards a stronger second half and the board expects this will be the case again in the current year," the company said.