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Van Elle – “despite the encouraging momentum at the end of last year,” Uh oh…

By Steve Moore | Friday 19 July 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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”

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