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Share Name Share Symbol Market Type Share ISIN Share Description
Volvere Plc LSE:VLE London Ordinary Share GB0032302688 ORD 0.00001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,490.00 1,450.00 1,530.00 1,490.00 1,490.00 1,490.00 65 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 18.6 -2.4 590.1 2.5 27

Volvere Share Discussion Threads

Showing 4926 to 4949 of 4950 messages
Chat Pages: 198  197  196  195  194  193  192  191  190  189  188  187  Older
DateSubjectAuthorDiscuss
30/7/2020
08:53
...and Lidl are to open 25 new stores this year too, rising to 100 new openings by 2022: Https://www.thesun.co.uk/money/12115765/lidl-open-new-stores-jobs/ "LIDL is set to open 25 new supermarkets across the UK this year - creating 1,000 new jobs." "The ambitious plans will see Lidl open a new store every week across England, Scotland and Wales until Christmas 2020. It's part of a £1.3billion investment for the UK that will see another 100 stores open in 2021 and 2022." "There are around 800 Lidl supermarkets across the UK, and the retailer says it hopes to have 1,000 by the end of 2023."
rivaldo
30/7/2020
08:12
News that Aldi are to keep opening many more stores, and that sales increased 13% in the three months to July 12th, should be good news for Shire Foods: Https://www.thisismoney.co.uk/money/markets/article-8573339/Aldi-set-create-1-200-jobs-UK-year.html "Aldi to create 1,200 jobs in UK this year as it continues to open stores Published: 22:27, 29 July 2020 Aldi will create 1,200 jobs in the UK this year as it continues to open stores. The German discount supermarket business plans to open an average of one shop a week between now and Christmas. The retailer, which has more than 890 stores and around 35,000 UK staff, has already created 2,800 permanent jobs this year after demand for groceries rocketed in the face of the coronavirus pandemic. Sandhurst, Bristol and Edinburgh are among the areas where shops will open as it continues towards its target of operating 1,200 stores by 2025. The chain saw sales increase by 13 per cent over the 12 weeks to July 12, according to figures from Kantar."
rivaldo
28/6/2020
08:18
Shire Foods have set up a news page. Nothing dramatic, but it's a start...and there's some nice news about Shire's 50th anniversary, and about them donating to the NHS: Https://shirefoods.com/news/
rivaldo
25/6/2020
16:25
LOL! Missed that. I wonder if it's typo and is really 19th June? Otherwise taking four months to notify the company is slow even by generally rubbish institutional standards....
rivaldo
25/6/2020
13:46
Did you notice the date of threshold breach? 19 th of February!
picnic
25/6/2020
13:43
Yep. I have also started to buy a few having reduced my holding a couple of months ago. Regretted doing that and think this is one I will top up with if we are luckier to see any more weakness in the price.
scooper72
25/6/2020
13:33
Very happy to buy back in at these levels!
jaknife
25/6/2020
07:39
Now we know the reason for the dip - some selling by Burgan Bank of Kuwait. This must be the old State St Nominees holding, which was 282k shares. So around 104k shares have gone through the market, which is great for liquidity. The fact that they've gone straight down to 9.73% hopefully indicates that a block has been sold and that's the end of any sales: Https://uk.advfn.com/stock-market/london/volvere-VLE/share-news/Volvere-PLC-Holdings-in-Company/82724543
rivaldo
05/6/2020
08:35
VLE has been bought by the Naked Trader (Robbie Burns) per his update late yesterday! That should bring VLE on to a few new radars: "Volvere (VLE) is a small one - the smallest I could ever go to because of liquidity. Bought some a while ago for the high risk sipp (those that get the email know about that one) but have added a few to the isa as well. It's a turnaround and investment company so it should be doing well. It has swung into a profit and has cash - potential under the radar decent future!"
rivaldo
04/6/2020
11:51
IMO the company's products, relationships, industry positioning, track record, management, brands etc are worth a great deal. I suspect as always the answer lies somewhere in the middle. Anyway, I won't be continuing this debate further, especially as it seems Shire is going to be retained for a while anyway as the fulcrum of VLE's new food sector division "empire"....hopefully we'll see further acquisition news in the next few months.
rivaldo
04/6/2020
10:22
Rivaldo you only do that if there is excess assets. Shire without its assets is worth close to nil as it has no revenue,t he customer relationships are worthless as supermarkets are very happy to switch suppliers all the time. I cannot argue that Shire has excess assets to make your argument hold water.
dan_the_epic
04/6/2020
10:20
The current investment fashion would be to buy A. Infinite ROC. Not in a nasty capital intensive industry. A value investor would buy B. You'd have to take a view on whether profits could be reinvested at high ROC. If so, A would knock B out of the park. To double profits, A may require no capital investment. Just wait for more customers, put up prices etc (think AUTO, RMV etc). B may require another factory, cookers, lorries etc....
eezymunny
04/6/2020
06:58
Out of interest, let's try something. You are about to buy either Company A or B. Both companies make £3m PAT annually. Company A has Nil net assets, whilst Company B has £4m of property and £5m net cash. The sector average sales multiple is 10, which you're happy to pay. How much would you pay for each company?
rivaldo
03/6/2020
23:05
The amount itself is up for discussion. But yes, of course a buyer will pay for the ongoing business, represented by the management, the skill set, the relationships with customers, the products, the brands - and the profitability of the core business. No-one pays a multiple for any business based solely on its property and machinery - it's based upon profitability, supplemented by discussions re the value of the assets to be acquired (or not). After all, those assets are of no use without the people to run them and the products and brands to be produced on them.
rivaldo
03/6/2020
16:37
What a bizarre argument- Shire's revenue and profitability directly derive from its tangible assets, i.e. factory, machinery etc. It is a capex intensive business. You are suggesting a buyer would pay £11.2m for Shire not including its tangible assets. For what? Its brand name and recipes? Hmmm...
yamaha865
03/6/2020
14:05
No - the £8.1m is the value of Shire as an ongoing highly profitable business, to be added to the 1385p per share NAV which doesn't include any value in that respect. I'm assuming on a simple basis that the acquiror will pay a total consideration including £ for £ for the net assets/liabililities included in the current NAV. They would certainly have to pay something for the cash,debtors,freehold property net of borrowings etc. They may pay less for the net assets, but then it's possible that the profit multiple I've used of 8 will be understated when it's eventually time to sell, so swings and roundabouts.
rivaldo
03/6/2020
13:07
But you already gave a projected end disposal for shire of £8.1m for volvere. Add that to 19.5m cash and you get a mcap slightly less than the current share price
yamaha865
03/6/2020
08:34
Hi jg. I agree in that obviously Shire's tangible assets and liabilities are already included in VLE's NAV, i.e the net of the freehold property, the borrowings against it, the stock, debtors/creditors, leasing liabilities etc etc. An acquiror will pay an amount for the business as a whole, which would comprise its valuation of the ongoing core profitable business plus an amount covering the surplus property, debtors etc which it will take over. It's impossible to separate the two as beauty is in the eye of the beholder! My thinking is that a buyer must pay up a multiple for the future/ongoing profitability of the business, as well as something realistic for the excess tangible assets. Another thought - there may be hidden upside in the freehold property, which hasn't been revalued since December 2017.
rivaldo
02/6/2020
23:44
hi Rivaldo, Isn't there quite a bit of Shire already in the reported NAV?? Ie, all the investment in recent years would be added to the acquisition price of shire, less depreciation etc. In particular, see note 5 in the recent final results "operating segments". Food manufacturing made up 7.6m of VLA's total net assets of 27m in net assets. So your valuation of Shire, post the Landers' profit share and minorities, is around net book value (rather than additional to it).
jg88721
02/6/2020
22:48
I thought it was worth rechecking the current NAV after the latest results, so here's my attempt..... The NAV is 1385p per share, incorporating almost nothing for the value of Shire's business (and Indulgence) other than the tangible assets. Shire made £1.4m pre-tax profit last year. I'd hope for say £1.7m this year given the good start, or say £1.4m PAT. Shire could imo now achieve an improved exit multiple of say 8 given (1) the vegan growth/desirability (2) the heavy investment into the business and (3) immediate access into all the fastest growing supermarket chains for the acquiror. So that would make Shire worth £11.2m. Times that by 80% equals £9m, less Lander bonus is say £8.1m. On the current shares in issue that's around 450p per share - plus any further value re Indulgence - which gives us a total NAV of say 1850p per share. NAV of 1850p per share still gives quite some upside from here. Happy to be corrected on any errors/misapprehensions!
rivaldo
02/6/2020
22:00
hi yamaha, I tend to agree re: valuation. Note that shire has invested heavily in recent years (1.9m last year on top of 1.2m the year before) ... so you'd expect higher profits and value. I'm not selling ... I expect there is more value growth to come and I'm backing mgmt to find another good acquisition or two as well GLTAH
jg88721
02/6/2020
14:48
Don't disagree with those comments...just that the implied value of Shire has gone from almost nothing to around £13m in a couple of months...which would seem around fair value to me. So the level of upside which was almost a one way bet is no longer so compelling. It's still my largest holding and definitely not overvalued IMO.
yamaha865
02/6/2020
10:54
I've held all mine yamaha865. Good luck to you, but long experience here - and complete confidence in the management - has taught me the value of holding on for more. Shire looks in fine fettle and seems primed to have a rather good year. And Indulgence was a bolt-on which won't imo prevent another acquisition this year with VLE taking advantage of the number of distressed companies around. When that happens we should see another share price jump.
rivaldo
02/6/2020
10:26
You selling any Rivaldo? I've got rid of about half mine over the last few weeks including this morning. Looking much more fairly valued now
yamaha865
Chat Pages: 198  197  196  195  194  193  192  191  190  189  188  187  Older
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