Monday, June 6, 2016

Volvere (LON:VLE) chief hails great 2015; focused on raising assets per share: ProactiveInvestors Stocktube

Published on 6 Jun 2016
Jonathan Lander, chief executive of investment and turnaround specialist Volvere PLC (LON:VLE) says the company had a “great year” in 2015.

He says the firm focuses on the growth of its assets, rather than the profit and revenue figures adding that “the net assets per share are £5.69, and when we started in 2002 it was about 94p a share, so you’re nearly six times your money.”

He tells Proactive Investors: “2015 was great because we sold JNP which boosted out net assets per share by about 34% that year and you can’t complain about that.”

Volvere saw profits rise in 2015 as the company was boosted by a record performance by pie-maker Shire Foods. Pre-tax profit from continuing operations was £1.34mln, up from £1.2mln the year before, on revenues of £27.9mln more than double the £12.4mln in 2014.

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