Report from Bill Hall
Van Elle Holdings (VANL), a leading UK piling and ground engineering contractor, is yet another relative newcomer to the AIM market which has never come close to fulfilling expectations. A trip to its AGM, held on September 12, gave a chance to check out whether there is any recovery potential in a company whose market cap has shrunk from £80m at the time of its October 2016 IPO to around £30m currently.
The AGM, held at 10.00 am at the London offices of Eversheds, its solicitors was attended by no more than a half a dozen shareholders. There was no company presentation or trading update, so the information gleaned came from questions, although, rather irritatingly, several…
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