Volvere Share Discussion Threads

[1tx] 15/9/2021 13:44

I see Naughty Vegan have added 3 Pies to their range including a Chip Shop Curry Pie,not yet on Morrisons list.

[9degrees] 13/9/2021 11:12

maybe the Emma raducano effect will work here
she likes chocolate and chocolate brownies !

[9degrees] 13/9/2021 09:50

Just topped up - results due later this month should be improving well

[tanners] 07/9/2021 11:47

After many years of having this on my monitor, decided to dip a toe today and got well within the spread, so as often the case, much tighter than quoted.

A slow burner, but rock solid on fundamentals.

Edited to add, actually got in at below mid, so showing as a sell.

[rivaldo] 26/8/2021 09:16

The moves up yesterday and today on relatively light volumes hopefully indicate that the seller(s)/profit-takers are now out.

The spread remains relatively attractive at present at 1300p-1350p compared to the usual 100p or so.

[jaf111] 13/8/2021 16:43

Ditto....just picked up some just before the close....trade not showing up yet!
Will add more if price remains at this level......
And stay patient!!!

[jamessmith23] 13/8/2021 16:23

Have dipped my toe back in here, feels like there is quite a good payoff because the market cap is fairly solidly backed by the assets but has upside if the businesses perform well. Has been treading water for the last year or so, will be interesting to see results soon.

[rivaldo] 12/8/2021 15:45

....apart from allowing long-term shareholders to realise large profits by buying them out at 1290p via the tender offer.....

.....and growing Shire Foods significantly via new investment, including buying Indulgence Patisseries.

Besides, the share price fall is only 15% from recent highs, which compared to many small caps recently is actually not bad at all!

I agree that having subsequently raised £10m at 1350p almost a year ago, the time for further action should be sooner rather than later. Though this may not come about, given the Landers' disinclination to make mistakes. As ever....patience is required.

The interims will be published next month, so not long to wait for news flow.

[yamaha865] 12/8/2021 08:01

Maybe the reason is they've sat on £10's of millions of cash for years and done nothing productive with it?

[greggphilips88] 12/8/2021 07:58

What's the reason for the recent sharp fall in the share price here?

[rivaldo] 11/8/2021 08:57

The current 1350p offer price is less than the NAV per share at 31/12/20 of 1365p (which is all tangible NAV).

So anyone buying at these prices are not only buying at less than tangible NAV, but they're also effectively getting the trading businesses of Shire Foods and Indulgence Pattiserie for free (since there's no value for these businesses in the NAV except their tangible assets)!

[smithie6] 10/8/2021 15:30

anyone tried the cheesecakes ?!!

-----

at football games, how many people are being allowed in ?

(that can then hopefully then buy a pie at half time !!)

[bozzy_s] 29/7/2021 19:16

^ Thanks EM

[eezymunny] 28/7/2021 17:33

100k of it it lease payments
The rest interest/bank charges

Don´t forget the cash pile sits almost entirely in the holding company. They´ll want to keep an efficient capital structure in the subsidiaries...some debt in a food manufacturer would be considered sensible (I think there´s still a mortgage over the Shire factory for example).

[bozzy_s] 28/7/2021 16:58

Quick question for anyone in the know. With cash of £23m and loans of £1m, why is this company paying £152k per year in finance costs? Surely just pay off the tiny bit of debt, and improve earnings by £150k per year?

[stemis] 29/6/2021 11:15

Yes, I already do (although he doesn't seem to have posted anything about the VLE AGM)...

[cockerhoop] 29/6/2021 09:32

Stemis,

It is, Lewis is a top chap, well worth following on twitter.

[zoolook] 29/6/2021 09:19

Yes - that’s him

[stemis] 28/6/2021 23:02

I'm guessing it will be this guy

[rivaldo] 28/6/2021 22:57

Ditto, I'd registered but life/stuff got in the way. Cheers. It would be interesting to hear from this Lewis Robinson chappy.

[norbert colon] 28/6/2021 21:12

Thanks zoolook - couldn't attend as I was out unfortunately.

[robow] 28/6/2021 17:29

thanks zoolook

[zoolook] 28/6/2021 16:46

The video conference was disappointing in a few respects. Maybe it was at my end but the sound quality was poor. There was very low turnout with only a handful of shareholders in attendance. I was expecting at least a short presentation by the Directors but they launched straight into the Q&A. Most of the questions came from Lewis Robinson who must be a regular as the Board seemed to know him well. Jonathan Lander described his questions as barbed which seemed pretty thin skinned as they sounded reasonable and friendly enough to me. The deal flow seemed steady and they made 3-5 offers in the last 12 months which was comparable to the year before. At least one was a complementary food business and another was a niche listed industrial business with an ageing Board and it sounded like that deal wasn’t entirely dead. With furlough and rent and rates holidays coming to an end they thought opportunities will significantly increase as Boards will be forced to confront going concern issues. Much optimism about “Naughty Vegan” and if I heard it right Nick Lander is a vegan. Meeting lasted little more than 20 minutes.