We should have a trading update shortly, i only say because i just had a limit order triggered for a top up at 1815p which feels like a bonus |
 Here's another article on Shire, who can apparently claim to be the originators of the Balti pie.
That's two articles on Shire in a month. More than I've seen in many years!
One could speculate that this is part of a PR push to let the wider market know of Shire's success and attract some industry/bid interest. Or perhaps that's overthinking it....
"A humble pie with a unique filling and a taste loved by football fans across the West Midlands
It’s something which takes the crumbly and tasty pastry of a pie and fills it full of rich and saucy curried chicken to provide a taste sensation which has wowed football fans for nearly 30 years.
By James Vukmirovic
Published Mar 3
....However, its origins actually lie outside the Black Country in Warwickshire, where Shire Foods in Leamington Spa can lay claim to be the creators of the much-loved pie.
It was in 1997 when the company, which was based in Warwick at the time, were looking for a new type of pie, with the then-commercial director Ron Baldwin coming up with the idea.
Current commercial manager Keven Newey described what had happened and what the next stage had been.
He said: “Our commercial director at the time was a Brummie and it was his brainchild to combine curry with pastry, so they looked at all the different curry options." |
Great article Jeff H, thanks. Inspiring to see the workforce increase from 50 to 300 employees, with "several exciting new products" to be launched imminently. |
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. |
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