Van Elle Holdings (VANL)

 36.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 50.75
  • 52 Week Low: 32.50
  • Currency: UK Pounds
  • Shares Issued: 106.74m
  • Volume: 66,847
  • Market Cap: £38.96m
  • RiskGrade: 163

Van Elle slumps as it warns on profits

By Michele Maatouk

Date: Friday 19 Jul 2019

LONDON (ShareCast) - (Sharecast News) - AIM-listed ground engineering contractor Van Elle saw its shares slump as it issued a profit warning and highlighted ongoing uncertainty in markets.
The group, which cautioned in April over the impact of end-market volatility and project slippages, had been expecting to report an annual pre-tax profit of slightly more than £5m. However, it said on Friday that it now needs to "adjust a small number of specific balance sheet items and contract accruals". These adjustments will adversely impact FY2019 adjusted pre-tax profit before by £500,000, it said.

Van Elle, which plans to update investors on its 2020 outlook at the time of its results, said that despite the "encouraging" momentum at the end of last year, it is continuing to experience customer uncertainty in some of its markets. This has resulted in a quiet start to the year in some segments and increased volatility in month-on-month performance.

"As set out in April, the group has been successful in securing positions on attractive, long term contracts," it said. "Although the company is seeing the benefits of a number of commercial and operational initiatives recently implemented, the board is mindful that market uncertainty and the resultant volatility may persist further into the current financial year, which would limit the rate at which progress can be made."

At 0940 BST, the shares were down 6.9% at 34p.

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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 36.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 50.75
52 Week Low 32.50
Volume 66,847
Shares Issued 106.74m
Market Cap £38.96m
RiskGrade 163

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VANL Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Feb-24 28-Sep-23
Paid 15-Mar-24 13-Oct-23
Amount 0.40p 0.80p

Trades for 28-Mar-2024

Time Volume / Share Price
14:48 8,949 @ 36.00p
14:46 10,000 @ 36.00p
14:35 6,846 @ 36.00p
14:17 694 @ 36.00p
14:17 697 @ 36.65p

VANL Key Personnel

CEO Mark Cutler
CFO Graeme Campbell

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