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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.


TSX:VLN - Post by User

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  • screamer99X
Comment by screamer99on Jul 22, 2024 5:20pm
159 Views
Post# 36143327

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

RE:RE:RE:RE:RE:RE:Stephen Takacsy - BNN - HOLDThe 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 are known, used to be disclosed, but are not anymore.

Some light reading:

1. A post from 3 years ago before they recorded a provision for future claims -

https://stockhouse.com/companies/bullboard?symbol=t.vln&postid=33610378

2. Another post where I explicitly called out the lack of provision -

https://stockhouse.com/companies/bullboard?symbol=t.vln&postid=34001465

We know that a third party assessed this company and its claims. With synergies considered, they were willing to offer $12/share. Will we get there again? Who knows. But that seems to be the ceiling for now.

Until someone cares enough to understand the claim volume (new, settled, outstanding), management can hide behind the provision and spin whatever story they want. Sad that most of my posts don't even discuss the operations of the company. I'll stay quiet until next year's audited resutls are released.
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