Warwickshire pie supplier celebrates growing Aldi partnership |
“Our small-cap stockpicking expert selects eight companies with the potential to deliver material returns over the next 12 months“ |
Riv, aware of all that. My comment was based on ST tipping it between 2016-19 |
ST's tip today is part of his once a year/annual list of Bargain Shares for 2025, NOT one of his regular tip updates.
Therefore his intent is obviously not for the short-term but as a bargain for whatever time period it takes. And his valuation is 2500p, so more than enough to take the spread (which is now down to only 50p) into account. |
As a longish term holder here i am not sure why ST would tip this again. He would know there is no liquidity and a wide spread so his readers will likely have got spiked this morning. Clearly with a 24-36 month view there is very good upside but not one for the short term IMO. |
He specifically talks about break-up value in the quote above.
In VLE's case the 2500p valuation and the break-up value are essentially one and the same since Shire will be sold at some point, be it sooner or later. |
Is he suggesting it might be broken up, or just proposing a valuation? |
Indeed. He states:
"it’s not difficult to arrive at a break-up value of 2,500p a share, or 43 per cent higher than the current share price"
And he notes that 2500p "could be a conservative sum-of-the-parts valuation".
His 2500p is nicely bang in the middle of my valuation range in the thread header post - and that was also based on conservative multiples. |
One of ST tips of the year |
Good to see more all-time highs after yesterday's rise - and a £7,200 buy at the full 1800p offer price just reported this morning. |
Looks like those several 10,000 share trades reported mid Jan were well timed 😂 |
A noteworthy £32,000 of buys today, all at essentially the full 1750p offer price. Decent buying coming in at these new highs - and another move up. |
Great to see new all-time highs here.
Not long until the year end trading update in early/mid-March judging by prior years. Given the record trading in H1 and the H2 seasonality, plus the extremely stormy weather in the last months of H2 with a cold snap in November I'm optimistic that the year end outturn will be good.
The guy on LSE claims to have bought 0.5% of VLE, i.e around £190,000 of shares. That's pretty confident if true. |
Some person on LSE chat claims it. Seems to be a PI |
Next leg up on way to £20 underway???
No news re the 10,000 share trades on Friday….or 2 more 10,000 trades late reported…. |
Now this is slightly more noteworthy…..2 x 10,000 shares traded….one at 1740p and the other 1736.52p.
Quoted price 1620 - 1700p
Company buying back (last purchase was 10,000 @ 1499p last Sept) or someone keen to get in? |
They shouldn’t be buying back shares at the current price given their statement in the interims:
“Net assets per share(1) increased to £15.85 (30 June 2023: £14.00, 31 December 2023: £14.83). Further treasury share purchases totalling £1.29 million were made in the period (30 June 2023: £0.25 million; 31 December 2023: £0.43 million). The Board continues to be conscious of the Group's share price being below net assets per share and remains committed to purchasing its own shares for treasury where appropriate.” |
Not if it’s part of the company’s buy back policy 😂 |
Good to see a buy at 1700p (even if it's for 7 shares!). |
Whilst good results from Shire would of course be nice it is not the news I would be hoping for. Rather I continue to hope for disposal news (which would surely lead to the winding up of VLE) or at the very least a tender offer to significantly reduce the ridiculous cash pile. |
This is showing unusual resilience in a market where any company not producing regular good news sees its share price sag regardless of underlying value. It's well below the radar of most punters so can we read anything into it beyond the possible expectation of good results from Shire? |
PE of 8 doesn’t sound unreasonable given track record of growth (factoring in low margins, small customer base and lack of moat) |
Spot on tanners, though I suspect a sale of Shire at your valuation might be tough given thin margins, small customer base, lack of moat etc. Nevertheless you'd think £20-£25/share is a sensible range (with what we know today). Moving target of course... |
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