Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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)

View:
Comment by retiredcfon Sep 25, 2024 6:56am

RE:RE:RE:More Takacsy

Last stock in the clip; he and his family also own it personally. GLTA https://www.bnnbloomberg.ca/video/shows/market-call/2024/09/24/stephen-takacsys-past-picks-savaria-mdf-commerce-and-velan/
Comment by mjh9413on Sep 24, 2024 11:17pm

RE:RE:More Takacsy

Not that small surely.  Flowserve, its suitor last year, is more than a one-trick pony with ~3.5x revs and has asbsestos related claims like Velan; apart from saying the backlog for NTM heralds ...more  
User Avatar Image
(1955)
•••
  • Possibleidiot01X
Comment by Possibleidiot01on Sep 24, 2024 6:01pm

RE:More Takacsy

stockchase.com had this which doesn't seem coherent to me. Check the highlighted comment. PAST TOP PICK Velan Inc(VLN-T) 24/09/2024   (A Top Pick Sep ...more  
Comment by Maxmoeon Sep 24, 2024 12:37pm

RE:Sale pending

Who will the French approve as a buyer? GE? Cameco? Cogema? Probably, but velan is just too small for any big company the French might prefer. 
Comment by retiredcfon Sep 24, 2024 12:34pm

RE:More Takacsy

Make that Market Call; need to slow down with my typing. GLTA
Post by retiredcfon Sep 24, 2024 12:32pm

More Takacsy

His final past pick on today's Merket Call. He still owns it as a "deep value investment" and thinks that it will eventually be sold, notwithstanding earlier objections from the French ...more  
User Avatar Image
(5)
•••
  • neilcandiX
Post by neilcandion Sep 23, 2024 9:24pm

Sale pending

I'm thinking this is running up because of another sale offer.
Comment by mjh9413on Jul 22, 2024 11:20pm

RE:RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLD

Here's my take on your classifications: "New" these are either settled or provisioned in quarter, so the $ value is in the Provisions table, AND if the term acdrued in that table  ...more  
User Avatar Image
(9)
•••
  • screamer99X
Comment by screamer99on Jul 22, 2024 5:20pm

RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLD

The number of new and settled claims (along with their costs) is what you need each quarter to make an assessment yourself. Also the number of oustanding claims at the end of each quarter. All these ...more  
Comment by mjh9413on Jul 21, 2024 11:40pm

RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLD

Your #1 is exactly w(hat the Provison total for asbestos claims in the FY Reports from 2022 ON, IS MEANT TO BE TELLING US.  There are two provisos. (a) we do NOT and never will know the ...more  
User Avatar Image
(9)
•••
  • screamer99X
Comment by screamer99on Jul 18, 2024 2:20pm

RE:RE:RE:RE:Stephen Takacsy - BNN - HOLD

Two things we don't know: 1. Management's assumptions of future claims 2. Current open claims and their evolution to this point. For #2, there was disclosure on this a while ago and because ...more  
Comment by mjh9413on Jul 17, 2024 1:47am

RE:RE:RE:Stephen Takacsy - BNN - HOLD

From PWC: Provisions are recognized when the Company has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to ...more  
User Avatar Image
(9)
•••
  • screamer99X
Comment by screamer99on Jul 16, 2024 1:07pm

RE:RE:Stephen Takacsy - BNN - HOLD

The long term portion of the liability ($70m+) is ticking down, but there's no visibility into the current portion. What's lacking in the quarterly statements are the full notes you see on ...more  
Comment by mjh9413on Jul 09, 2024 1:37am

RE:Stephen Takacsy - BNN - HOLD

Doesanyone thnk all asbectos provisions have been made, Thanks
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities