Van Elle Holdings (VANL)

39.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 44.00p
  • 52 Week Low: 32.00p
  • Currency: UK Pounds
  • Shares Issued: 108.20m
  • Volume: 106,251
  • Market Cap: £42.20m
  • RiskGrade: 163

Van Elle's transition plan leads to stronger Q2

By Iain Gilbert

Date: Monday 16 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Ground engineering contractor Van Elle said on Monday that an ongoing focus on initiatives laid out in its transition plan has resulted in a stronger second-quarter performance.
Van Elle noted that market conditions in the early part of the year had been "challenging", with customer uncertainty and some heightened competitive pressure resulting in a subdued first quarter.

The company now expects to report first-half revenues of roughly £48m, up from the £42.9m recorded at the same time earlier.

Nonetheless, adjusted pre-tax profits were projected to have fallen from £2.8m to £1m, reflecting both work mix and the adverse impact of the quiet first quarter.

Net debt at 31 October was £6.4m.

The AIM-listed firm noted that notwithstanding continued short term uncertainty in several of its markets, it anticipates "modest market improvement" during the second half and believes the diversity of its operations and continued delivery of its transition plan initiatives will allow it to maintain current momentum.

"Consequently, the Board believes that the group is on track to deliver a result for the current year within the range of market expectations," concluded Van Elle.

As of 0905 GMT, Van Elle shares were down 1.90% at 38.75p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

VANL Market Data

Currency UK Pounds
Share Price 39.00p
Change Today 1.00p
% Change 2.63 %
52 Week High 44.00p
52 Week Low 32.00p
Volume 106,251
Shares Issued 108.20m
Market Cap £42.20m
RiskGrade 163

VANL Star Ratings

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VANL Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Feb-25 03-Oct-24
Paid 14-Mar-25 18-Oct-24
Amount 0.40p 0.80p

Trades for 09-May-2025

Time Volume / Share Price
17:05 15,000 @ 39.00p
16:20 2,879 @ 38.85p
15:14 652 @ 38.75p
14:19 5,000 @ 39.81p
14:00 16,000 @ 38.60p

VANL Key Personnel

CEO Mark Cutler
CFO Graeme Campbell

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