Volvere Share Discussion Threads

[glawsiain] 22/4/2020 10:52

Jonathan Lander
@JonathanELander
I am going to stick my neck out....I think we are at peak economic gloom. Never have I read so much bad news in so many sectors at the same time. Can the environment really get ANY worse for #Shell? Or #BP? Time to buy.

[rivaldo] 16/4/2020 14:59

Good to see another £30,000 or so of buys today.

[rivaldo] 14/4/2020 09:48

On a more reliable note, I see that Graham Neary has also updated on VLE recently (again subscriber-only). VLE now comprises almost a quarter of his portfolio!



"Volvere – In the right place at the right time
Graham Neary
April 9, 2020

Throughout this economic and financial disaster, I've taken solace from my conviction in my top 5 portfolio holdings.

These 5 companies add up to nearly 70% of the entire portfolio value.

Top of the tree is Volvere (VLE), which now accounts for a silly 24% of my portfolio.

It released a trading update today which, naturally enough, I was very eager to explore...."

[eeza] 13/4/2020 12:33

Like the old racing tipsters from the '60's.
They used to send out their red-hot-certainty tip (straight from their source in the stable), by post, and tip every horse in the race. No fee, but please send 10% of your winnings.

[gailes5] 13/4/2020 11:42

Kiss of death if Winnifirth tips it! I suppose with the number he puts out he might get the odd one correct.

[gailes5] 09/4/2020 16:00

Deal of just under 10k at £1305 shown as a sell, I think it was probably a buy mopping up today’s sells.

[norbert colon] 09/4/2020 15:39

https://cube.investments/volvere-in-the-right-place-at-the-right-time-vle/

[jaf111] 09/4/2020 14:47

now 10 lots of 1,000 sales showing.....
maybe seller's finished....price about to move UP???...

[cockerhoop] 09/4/2020 13:41

Doubt we'll get an RNS tomorrow morning #GoodFriday ;-)

[rivaldo] 09/4/2020 12:15

Indeed - just look back at VLE's RNS history. There's loads of them! If they are buying back we'll probably get an RNS tomorrow morning and each day after that if the buybacks continued.

[yamaha865] 09/4/2020 11:26

Wouldn't they need to announce in an RNS if they were buying back shares?

[jaf111] 09/4/2020 10:48

Yes Rivaldo......had been observing / thinking the same thing.....

[rivaldo] 09/4/2020 10:32

Loks like someone's in desperate need of cash - nine £1k sales this morning have raised the seller £115,000.

It's much more interesting that these have all been accepted without any problem. Either there's a large buyer out there or perhaps VLE are collecting up shares in another buyback.

[glawsiain] 09/4/2020 07:01

The man tweets

Jonathan Lander
@JonathanELander
·
17m
#Volvere's trading statement out this morning. I wish we were announcing in happier times. Frozen pies are selling like hot cakes, but frozen cakes perhaps not yet like frozen pies. Keep well everyone.

[rivaldo] 09/4/2020 06:39

Trading statement is out. VLE continue to look great value imo. JL is typically cautious about the pandemic's uplifting effect on Shire's sales, but the signs are there:



- net assets of 1382p per share (excluding the true value of Shire Foods)
- cash of £19.3m (prior to small Indulgence acquisition)
- Shire made £1.3m PBT, up from £0.85m, with revenues up 26% to £23m
- Shire's likely large uplift in retail sales partially offset by foodservice decline, but this must surely be much smaller relatively speaking as only 12% of sales?

[rivaldo] 07/4/2020 22:17

Looking at today's trades it's good to see the real spread so relatively small for a change, varying between 1290p-1340p.

[cockerhoop] 03/4/2020 09:48

Simso,

I completely agree, you can never say never but I'd be astounded if they sold Shire at this point, as you suggest potential synergies/cross-selling with Indulgence, development of Naughty Vegan etc

[simso] 03/4/2020 09:04

Personally I cannot see this as a "good time to sell Shire", for several reasons. The results for the first half of 2019 showed a real upswing in sales and gross margin, which I would assume has continued, and perhaps even accelerated in these difficult times. More importantly, having bought Indulgence, I am sure the Landers see significant synergies to realise...and will be in the process of delivering those. Perhaps they can even consolidate Shire & Indulgence into one of the two sites: Leamington or Colchester...and sell the Freehold of the other? Who knows...that may not be possible, but I am 100% certain the Landers will extract value from owning both.

Big cash pile...plenty of distress in the economy to come, big opportunity for VLE.

[scorpio51] 02/4/2020 17:19

This is precisely the right environment to flush out a buyer. What better time when food is uppermost on most people's m ininds? There are plenty of food businesses to whom 10-20m would not be a stretch. I dont believe that the Landers have charity at the forefront of their dealings,rather a pragmatic view to exit investments at a sensible multiple at the opportune time. And they have done it time after time. Whether we get an exit on Shire now,or further down the road, I have every confidence in a proven management team,who are well incentivised,to get the best deal for investors.

[zoolook] 02/4/2020 16:05

Greedy? Does this really come into it? It’s a business not a charity. They’ll sell at a price that represents a good exit for them and shareholders. It’s not a case of leaving something on the table deliberately because they’re nice guys. Given how long it’s been on their books compared to their other investments there’s clearly not been much ‘appetite̵7; for Shire to date to pay a price that represents a good exit (though I do wonder what that is in their minds)and the current environment is less likely to flush out the right price whatever that is.