Share PriceIn the AGM info booklet (Sedar) there is a lot of info. Something that stuck out to me was a discussion on 2015 exec bonus's and the fact they are being withheld unless certain milestone events occur prior to 9/1. Right below it and part of the bonus discussion was this chart below showing shareprice performance over 5 years. One could easily assume by seeing VLE perfromance pretty dismal it is one of the milestones. With that in mind, it is too bad some positive news could not have come out in the last week in April when we had tail winds and share price was in mid .80s. With the AGM set for 11am est Thurs. and $#s due out same day, you would think news would be out before the market opens Thursday at the latest.
As much as those in know like this story, there is a lot working against this company. The geopolitical risk in Turkey has worsened since the Russian plane was shot down and continues to worsen with the recent resignation of the PM and the almost dictator stance the president is taking arresting media heads and many who speak out against him. He is even wanting Germany to arrest some of their citizens for disrespecting him in a cartoon. That makes some, not want to invest in Turkey regardless of all of the positives. In addition, energy stocks and particularly micro cap energy stocks are not exactly in favor right now and makes some not want to invest in anything energy.
Lastly, the company does very little to promote itself. There is no active IR department, they release less news than about any company I follow and it has been a long time since they attended any investment conference where they can tell their story. Malcolm Shaw has done a far better job of promoting VLE, than VLE itself.
JMO and I know as well as any all of the positives, just stating why the average investor may not be seeing the positives. Hopefully, some very good news soon that will at least get us riding with tail winds again.
VLE TSX Small Cap Index
December 31, 2011 $100 $100
December 31, 2012 $59.74 $95.11
December 31, 2013 $19.16 $99.26
December 31, 2014 $24.68 $94.11
December 31, 2015 $42.86 $79.20