Volvere Share Discussion Threads

[elsa7878] 25/5/2022 11:56

I was an investor but sold sometime ago.
Shire is a decent business and could be worth £15 million plus even in this environment.
Cash £22 million.
Indulgence is a dud. The sooner they admit it the better. Close it / sell it (who would want it?) and share price would jump 25%+ immediately despite the closure costs and loans write offs.
Even turnaround specialist need to admit they got it wrong sometimes.

[1tx] 25/5/2022 11:33

Yes I thought that the lack of investment was a bit odd as well.We only own 80% but a modest additional loan hardly seems risky.Shire has been a good purchase & worth in my opinion more than book value..Indulgence still to prove itself,the next 12 months needs a turnaround,I had not realised Europe sales were so important & problems re closed catering outlets in Europe are worse than UK.If we can't find anything to invest £21m cash in the next 12 months it might be time to return surplus cash.

[galles] 25/5/2022 10:31

I like boring. Don't you? :)

[eezymunny] 25/5/2022 09:11

Finals. Boring.

[zoolook] 12/4/2022 14:10

However, they’ve been paying below the £13.50 of the October 2020 placing.

[tiswas] 12/4/2022 09:28

Well, I just paid 10.58 for a few this morning so not sure how such cheap stock is around if the company is in the market for its own shares and questions the wisdom of the prices paid by them to date!

[zangdook] 11/4/2022 15:26

I'm not sure what's going on here but if that's the bottom maybe I should snuffle up a couple.

[rivaldo] 10/3/2022 07:46

A very substantial buyback yesterday - £242,000 via 21,000 shares at 1152p. That's £622,000 in the last few days....

[rhomboid] 08/3/2022 19:27

I’m pretty sure they’re rational capital allocators…& I’m pretty sure they’ll demonstrate that shortly other than through buybacks

[pireric] 08/3/2022 18:21

^ + on top of that it's removing residual retail liquidity from the market

[cockerhoop] 08/3/2022 09:31

EM,

I'm certainly not suggesting that buying back shares at a discount is a terrible idea, but it didn't need the raising of funds to do it. It's definitely superior to just sitting on the cash.

The underwhelming part is the raising of additional funds to acquire (perhaps indicating potential targets in view) and then failing to execute.

Their performance in creating value from acquired businesses is stellar so i'd prefer them to be investing in turnaround opportunities.

[samenic] 08/3/2022 08:17

Tip my hat to them,at least they are increasing liquidity so that you can exit....

[cockerhoop] 08/3/2022 07:50

So 16 months after raising £9.7m (to supplement the approx £16m cash they had at the time) the best use of the the money they can find is buying back their own shares - somewhat underwhelming.

[rivaldo] 08/3/2022 07:31

For the record another almost £60,000 of shares bought back at 1190p - that's around £380k in total in the last few days:

[zoolook] 03/3/2022 08:57

Glad they are doing something positive with that cash…

[rivaldo] 03/3/2022 07:19

Sizeable share buybacks occurring - yesterday's of £226,000 at 1222p means almost £319,000's worth in two days:

[rivaldo] 02/3/2022 07:27

Great to see buybacks starting again, and with a sizeable £92,700 buy at 1236p - well above the current 1220p offer price:

[smithie6] 01/3/2022 10:45

Good RNS. Solid perf. in difficult market in '21 imo.

"Shire" increasing in value, again.

[1tx] 01/3/2022 10:02

Pleased with performance from Shire,this business is likely worth £20 to £25m with our share 80% and has good prospects.The restaurants/cafes are now getting back to normal so hopefully by interim results time we should see if Indulgence has potential,as these areas are its main customers.We are probably undervalued but until we find a use for the cash & a turn round at Indulgence this discount will probably remain.Feel more confident holding after this update.

[zoolook] 01/3/2022 09:52

I don’t think they are being at all clear in what they are stating which is uncharacteristic. Growth can require additional cash. It’s a minor point anyway - I was just curious

[rivaldo] 01/3/2022 09:31

VLE are stating that Shire's positive trading is cash-positive, but offset by the other factors - "offset" being the key word!