Volvere Share Discussion Threads

[zangdook] 21/6/2019 15:18

Has the money come through yet? I wonder if there will be some buying when it does as people reinvest the tender proceeds and make a profit.

[rivaldo] 21/6/2019 11:43

Nice £25,000 buy at 1250p just now. Quite a profitable exercise if you can continue buying at 1250p or so having tendered at 1290p.

[zangdook] 20/6/2019 22:14

No, I meant rather than buying them off a director, why not pick up some loose stock which was already available? (I'm assuming Mr Buchler wasn't planning to dump them on the market anyway, but perhaps he was.)

[rivaldo] 20/6/2019 21:53

Zangdook, apologies if I've misunderstood you, but VLE did buy back 70,319 of the shares sold by DB at 1215p - so shareholders are even better off now in terms of NAV per share.

And the Landers have themselves bought the remaining 14,574 shares sold by DB, thus benefiting by around £12k on the shares they tendered at 1290p.

Not sure why DB didn't tender them at 1290p, perhaps a matter of timing. But seeing as these 70,319 shares were the maximum "spare" shares which weren't tendered, it's good to see VLE and the Landers taking up the slack.

[zangdook] 20/6/2019 17:38

I'm asking that about myself. I could pick them up under 1290 now, why didn't I tender at least some?

More to the point, why didn't they buy them back in the market and support the share price?

[nchanning] 20/6/2019 16:09

Is the chairman a bit thick ? Why sell a million pounds of shares at 1215 when he was offered 1290 for them the week before?

[yamaha865] 18/6/2019 10:44

Thank you budsman!

[budsman] 18/6/2019 10:39

Yamaha - The timetable in the Tender states that Crest accounts will be credited
on 19 June.

[yamaha865] 18/6/2019 10:26

Does anyone know when the funds from the tendered shares will be deposited? Still waiting for mine through iweb.

[rivaldo] 14/6/2019 06:35

Good news flow for Shire Foods' main customers is certainly piling up.

As well as yesterday's news re Lidl and Aldi's expansion, today we have news of Iceland opening a further 50 new stores this year:



And Morrisons have expanded their partnership with Amazon across Britain, with online groceries from Morrisons being available for delivery by Amazon within hours of being ordered:

[eezymunny] 13/6/2019 16:41

You're the only one esmith

The Landers can cash in now and pay 10% tax. When comrade Corbyn is elected they'll be paying 90%. What would you do?

The modus operandi is to buy failing businesses for buttons. They don't need 40 million to do that, so completely sensible to do a voluntary tender.

Durrr....

[esmith3] 13/6/2019 16:35

Am I the only one cares about how many shares the Landers and other insiders have cashed in over the last 12 months? It doesn't demonstrate much faith in the company continuing to generate high returns, does it?

Have they got another project(s) which they are putting most of their money and efforts into now?

[jaf111] 13/6/2019 15:31

...and even worse 1,372 sold at 1210p....crazy!

[jaf111] 13/6/2019 14:07

Agree Eezy....who on earth has just sold 922 shares @ 1232p!!!!
Unbelievable.......

[eezymunny] 13/6/2019 13:45

Wonderful to see the PI wonderbrains selling at below the tender price. Where do these people come from????

So many thickos around.

[rivaldo] 13/6/2019 06:24

I see Lidl are investing £500m in 40 new stores across London, which should be good news for Shire Foods:



I note that Aldi (also supplied by Shire) are rolling out a new Local sub-brand for smaller London sites too, with the first store opening in Balham in March.

[rivaldo] 12/6/2019 21:46

Hopefully they will buy back the extra 70k shares. There are only 1.9m shares in issue now, and VLE has £20.5m of cash.

Excluding the Landers' shares, almost 30% of the other shares in issue were tendered (around 644k shares) - higher than I'd imagined would be the case. Perhaps Andrew Cohen and the like tendered quite a few.

There can't be many shares available for sale out there post-tender, so hopefully any interesting news like a new acquisition or a sale of Shire at some point will meet with a good reaction.

[zangdook] 12/6/2019 16:44

Tender offer not fully taken up. I wonder if they'll go ahead with a buyback now as they said they might, to make up the difference.

1,283,927 - 1,213,608 = 70,319

£907,115.10 @ £12.90

[cockerhoop] 12/6/2019 12:21

Redhall Jex which was the food industry service business - sold

[rivaldo] 11/6/2019 13:58

I wonder whether VLE looked at Booth Industries, which has just been acquired by AVG from RHL's administrators at what looks like a cracking price. I don't hold AVG and don't intend to, but this looks like a bargain. Perhaps RHL have another business or two which might be worth looking at.

[topvest] 08/6/2019 11:27

Seems to have delivered some value here. I kept away from this because of the LDC link.

It might be worth you seeing what's going on over on that thread. David Buchler and his mates seem to be bleeding that company dry. Excessive remuneration and years of getting nowhere.

[zangdook] 05/6/2019 09:13

6. Maximising the Effect of the Tender Offer
If the Tender Offer is not accepted in full, the Board, having given Eligible Shareholders the opportunity to participate in the Tender Offer, reserves the right in its absolute discretion to purchase in the market, up to such number of Ordinary Shares as is equal to the difference between the number of Ordinary Shares successfully tendered in the Tender Offer and 1,283,927 Ordinary Shares (being the maximum number of Tender Offer Shares).

If they're serious about this it could push the price higher, since they'll be trying to buy them from people who didn't want to take 1290p. Of course the tender may be taken up in full.

[yamaha865] 31/5/2019 14:08

Some basic calculations in deciding whether to tender...

Implied market cap at 1290 is 40.2m. Assuming full take up of tender will be about 23.7m

Cash post tender 20m. Means implied value for Shire holding of 3.7m. I expect Shire should get to 1-1.5m pbt within a couple of years...so reasonably a value for volveres stake could be 8-10m... meaning the 1290 undervalues in my opinion by about 20%

So I largely won't be taking the tender... have gone for about 10% of my shares though as volvere is over 30% of my portfolio

Dyor etc