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VARE Various Eateries Plc

0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Various Eateries Plc LSE:VARE London Ordinary Share GB00BM9BZK23 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 18.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
17.00 19.00 18.00 18.00 18.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 46.39M -6.68M -0.0381 -4.72 31.51M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 18.00 GBX

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Date Time Title Posts
28/6/202312:15VARE new issue has to be the best thing since sliced bread 27

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Posted at 22/7/2024 09:20 by Various Eateries Daily Update
Various Eateries Plc is listed in the Eating Places sector of the London Stock Exchange with ticker VARE. The last closing price for Various Eateries was 18p.
Various Eateries currently has 175,045,265 shares in issue. The market capitalisation of Various Eateries is £31,508,148.
Various Eateries has a price to earnings ratio (PE ratio) of -4.72.
This morning VARE shares opened at 18p
Posted at 28/6/2023 12:15 by richie32
As a shareholder it makes sense that they need at least one more year to forego profit in return for getting better turnover/market share.

I don't like it, but it is the only thing to do imho
Posted at 28/6/2023 10:56 by mister md
Wow, cost of sales equal to Revenues, so 0 Gross Profit before Overheads are taken into account.

Not for me, this share.
Posted at 05/7/2022 13:45 by tomps2
Various Eateries (VARE) interim results presentation - June 2022

Various Eateries management, Andy Bassadone, Executive Chairman, Oliver Williams, CFO and Yishay Malkov, CEO present interim results for the 26-week period ending 3 April 2022. A positive performance in line with expectations for the full year.


Posted at 07/3/2022 07:33 by tomps2
Various Eateries #VARE full year results overview by the team, Executive Chairman, Andy Bassadone, CFO, Oli Williams & CEO, Yishay Malkov . This was filmed in Coppa, Putney which was buzzing with a great vibe. They experienced strong trading post-reopening facilitated by large outdoor spaces. They resumed the premium site roll-out programme marked with the opening of Cobham and Clifton Village. They remain poised to capitalise on the unprecedented site opportunity in terms of both availability and terms. Post period trading has been encouraging with momentum building.


Posted at 17/11/2021 08:38 by aspringo
Good morning hastings, sorry to trouble you, but I wondered if you had any plans to revisit management here.Or if you've sold and moved on, apologies.I've visited their sites on the Thames and thought they were wonderful. Food and drink was good and at a reasonable price, so I've been adding to the portfolio.
Posted at 10/5/2021 08:11 by hastings
Good to see the share price ticking up, hopefully much more to come as we open up at last.I expect VARE to make hay given its offering and excellent management team.
Posted at 02/3/2021 08:33 by albanyvillas
0 0 0
VARE could be interesting for yous

What is very apparent and which should clearly hold VARE in good stead is that the team appear to be well ahead of the curve, having already installed the igloo concept before others had even thought about it and where such vision had already seen the brand embracing a changing working environment. “We don’t think the whole world will now start working from home, but we do think that people may be doing that one or two days a week for example and that trend certainly plays to Coppa’s strengths”.

As the company moves forward there is likely to be a mix on the outlets it develops in terms of buying the freehold as with Cobham or opting for the lease route.

CFO Williams says, “the Cobham purchase was probably more of a one off as it was a really attractive proposition for us as it’s a really difficult place to get into and it came up at the right time and it was a really great purchase.
Looking ahead, the majority will most likely be leasehold sites but obviously if an attractive freehold site came up, then yes, we would absolutely look at it”.

VARE isn’t however all about Coppa Club as it has another emerging brand in Tavelino which currently has a presence on the Riverside in London.

Bassadone is quick to enlighten me further and where the enthusiasm is arguably
infectious, “this is my baby really and it is focused on Italian food which is the UK’s number one seller, but yet, is served by a whole host of mediocre chains that really don’t focus on the product and ultimately end up in a discounting war. It’s effectively
an open goal crying out for a quality offering, so what we did with Cote, we want to apply to Tavelino which will be an Italian Brasserie where you can actually have home made pasta.
If you want to come and spend £40.00 per head you can, or equally, if you only want to spend £15.00, you can do that too, so something on offer for everyone”.

Bassadone sees huge potential for Tavelino going forward as numerous restaurants that closed their doors will not be opening again, providing for a major opportunity in ripe locations with a focus on the quality of the food and service.

In terms of the financials Williams says that despite the harsh environment created by the pandemic VARE has a very healthy balance sheet to execute on its strategy and in addition to the money raised, it has also received an interim payment of £2.5m from its business interruption insurance. On trading, when restrictions were eased last summer VARE’s venues experienced robust activity, so not surprisingly there is cautious optimism moving forward.

Bassadone points out that back in the summer they saw big like-for-like growth outside of London with massive pent-up demand and for one who has been operating in the industry for some thirty years he clearly sounds confident on the mission.
“Spending on eating out has only been going one way since the early 1990’s and it has now become embedded in our culture, everyone wants to eat out and it is such a big part of our social life”.

Indeed, given the easing out of lockdown and the promise of a brighter summer VARE’s biggest headache at its venues may prove to be handling the level of activity, rather than worrying about getting people over the threshold.

In terms of promoting their brands it is also refreshing to hear of the strategy as Malkov explains, “we aren’t into running big national campaigns, it is much more about the local pr and marketing in those areas and we already have a strong market position with a good following on social media. If you look at what happened in Cobham, people were already talking about us long before we had even opened and there was a lot of excitement around that”.

As mentioned in the opening, there is currently no guidance out on the market at present, but that will change as things progress on the wider economy opening up.

There are however for now good reasons to be optimistic, not least the strength and depth of the management and a high quality team also backing up the brands.

Coppa’s like-for-like sales were very positive until mid-February of last year and was trading better than expected through July to September, despite various restrictions remaining in place.

In particular the five Coppa Clubs outside of London saw a 24% in LFL’s over the period, whilst the first Tavolino which only opened in July of last year also saw positive trading.
The coming months should see news emerging on further additions and their locations as Bassadone says that there are currently three or four under active consideration.

And just this week the company has also welcomed a new property director on board, who arrives from Loungers where he oversaw
some one hundred openings.
The team here believe that they are offering a high quality experience in wonderful settings which may be poised to grow and prosper as we finally get to once more embrace some of our much lost freedom.

The shares which briefly dipped at the open are currently up 7% at 87.5p and I remain a firm holder for the longer term story.
Posted at 25/2/2021 13:49 by hastings
Write up for interest.Https://
Posted at 25/2/2021 08:30 by tomps2
Various Eateries #VARE FY20 results overview with Andy Bassadone, Chairman, Yishay Malkov, CEO & Oli Williams, CFO, who outline the business, and the opportunities in the post CV19 world. They are an experienced management team, confident in their brands with a strong balance sheet. They face a market of pent-up demand, less competition, a massive choice of sites and great talent. They say they are ‘a coiled spring ready to pounce!’


Posted at 23/2/2021 12:30 by 74tom
This seems like a no brainer buy given the recent news, it's still very much under the radar vs some of the more recent IPO's (i.e. Nightcap which has risen 300% from it's IPO price). It appears someone is using today's liquidity to sell a chunk, but it's onwards and upwards from here I would imagine.
Various Eateries share price data is direct from the London Stock Exchange

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