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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-neutral technologies. Its product categories include quarter-turn valves; gate, globe, and check valves; cryogenic valves; HF acid valves; steam traps; bellows seal valves, and Velan ABV valves. Its service includes research and development, maintenance manuals (IOMs), spare parts and service center locations. Its quarter-turn valves include Memoryseal ball valves and VTP-2000 high performance three-piece ball valves. The Company's cryogenic valves include cast steel cryogenic valves and API 602 small forged cryogenic valves. The Company has manufacturing plants in approximately nine countries.


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  • Possibleidiot01X
Post by Possibleidiot01on Sep 25, 2023 2:54pm
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Post# 35652882

Stephen Takacsy - BNN - TOP Pick

Stephen Takacsy - BNN - TOP Pick

VELAN (VLN TSX)

Velan is a world leader in designing and manufacturing complex industrial valves and is considered the gold standard in nuclear valves which are manufactured by its subsidiary in France. This is a stock we last recommended at $5 in 2022, and earlier this year the company accepted a $13 take-over offer by a U.S. company called FlowServe. The stock was trading near $13 after the deal was announced but recently pulled back to around $10 on worries that the government of France was going to block the sale because of a change of control in the nuclear valve business. We think this fear is overblown as we see no difference between the company being controlled by U.S. shareholders or Canadian shareholders. Meanwhile, Velan and FlowServe have extended the deadline to close the sale. We sold our stock after the announcement at around $12.75 and have since repurchased shares at around $10. We expect the French government to approve the sale this fall and that the sale of Velan will close at the agreed price of $13 for a quick 30 per cent return.



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