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Bullboard - Stock Discussion Forum Velan Inc T.VLN

Alternate Symbol(s):  VLNSF

Velan Inc. is a Canada-based manufacturer of industrial valves. The Company designs, manufactures and markets on a worldwide basis a broad range of industrial valves for use in critical applications. It provides solutions to many sectors including power generation, nuclear, oil and gas, chemicals, LNG and cryogenics, pulp and paper, geothermal processes, shipbuilding, defense, and carbon... see more

Bullboard (TSX:VLN)

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Post by retiredcfon Nov 16, 2021 7:55am

Ink Research

Morning Report: Contrarian insider bets on Velan  November 16, 2021 When bond yields move higher, investors tend to become stingier in terms of what they are willing to pay ...more  
Post by retiredcfon Nov 15, 2021 7:36am

More Insider Buying

As always, a good sign. GLTA Velan Inc.  Between Nov. 5 and 12, Edward Kernaghan, who sits on the board of directors, invested over $311,000 in shares of Velan. He acquired a total of 34,800 ...more  
Post by retiredcfon Nov 01, 2021 3:51pm

Insider Buying

Insiders sell for a multitude of reasons but they only buy for one.  The fact that two of them stepped forward to lay down a total of more than half a million dollars is obviously a good sign of ...more  
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  • knicksmanX
Comment by knicksmanon Oct 29, 2021 9:53am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Potential Growth Story?

Completely agree. Company just released the best quarter in years -- it should be at a 52 week high. There are so many ways to surface value here. The balance sheet could be optimized much further. I ...more  
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  • bucheroncapitalX
Comment by bucheroncapitalon Oct 28, 2021 9:55am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Potential Growth Story?

No early this month around $ 8,00 the sellers gave us a gift even now @ $ 8,75$ it's trading at 14.5X actual and a lot cheaper based on future earning.  Patience will pay off
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  • knicksmanX
Comment by knicksmanon Oct 22, 2021 2:39pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Potential Growth Story?

Sloppy seller weighing on the share price...despite the obviously improving fundamentals.  Too bad. 
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  • knicksmanX
Comment by knicksmanon Oct 14, 2021 4:24pm

RE:RE:RE:RE:RE:RE:RE:RE:Potential Growth Story?

This board is getting smarter and smarter! Here is what I understand. And these are some of the reason why I believe the shares are undervalued. 1) The elevated legal/claims costs in Q1 was ...more  
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  • Deepvalue1981X
Comment by Deepvalue1981on Oct 14, 2021 12:27pm

RE:RE:RE:RE:RE:RE:RE:Potential Growth Story?

Thanks for your contribution on this. It's certainly made me dig much deeper into this issue. Ya the warranty analogy is a good one I think and as investors it's an adjustment we need to make, ...more  
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  • screamer99X
Comment by screamer99on Oct 14, 2021 6:14am

RE:RE:RE:RE:RE:RE:Potential Growth Story?

An analogy is warranty provisions.  When companies sell a product that has a warranty attached, they also record an estimate for future warranty costs in the current period because this cost is ...more  
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  • Deepvalue1981X
Comment by Deepvalue1981on Oct 13, 2021 3:30pm

RE:RE:RE:RE:RE:Potential Growth Story?

"If management recorded an expense of say, $30k for each claim they expect to settle based on known claims when they were received (rather than recording the expense when settled), then I would ...more  
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  • screamer99X
Comment by screamer99on Oct 13, 2021 12:27pm

RE:RE:RE:RE:Potential Growth Story?

The way that I was looking at it was that there is an unrecorded liability (the audited statements is another matter that I haven't raised here, but with years of claims, a good handle on how many ...more  
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  • knicksmanX
Comment by knicksmanon Oct 12, 2021 9:31pm

RE:RE:RE:Potential Growth Story?

Some very interesting post from smart people (usually a good sign).  From a valuation standpoint, you can't penalize VLN twice for the asbestos claims.  Either you gross up debt by $100 ...more  
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  • Deepvalue1981X
Comment by Deepvalue1981on Oct 12, 2021 1:33pm

RE:RE:Potential Growth Story?

Interesting.  Thanks for sharing and the earnings release seems to back this up with the increased MRO sales.  It will be interesting to see if they can drive revenues back to a ~$500M run ...more  
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  • undervalueX
Comment by undervalueon Oct 10, 2021 10:19am

RE:Potential Growth Story?

I was speaking to a Vln supplier. I need to do further work, but he mused that with fugitive methane emissions getting increased scrutiny, rather than repair,  clients are starting to cut out the ...more  
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