Volvere Share Discussion Threads

[rivaldo] 15/2/2023 08:27

Shire Foods have very successfully built their growth around supplying to Lidl, Aldi etc. Better to supply to fast-expanding operators than declining behemoths. And the likes of Tesco aren't exactly known for their generosity towards suppliers :o))

VLE had £20.4m cash (before subsequent buybacks) at the last interims against the now £23.6m m/cap.

In recessionary times having such a cash pile is a huge asset for shareholders and for the company. At some point VLE will find another acquisition worth making and will be able to act quickly to secure it, hopefully at an advantageous price. Though extreme patience is a virtue here given the Landers' caution.....

[zoolook] 14/2/2023 17:38

Don’t know what your point is when their cash is priced in sterling and so are the shares.

[charo] 14/2/2023 15:19

In inflationary times cash is a depreciating asset.

[charo] 14/2/2023 14:45

but lidll margins to suppliers notoriously tight.

[rivaldo] 31/1/2023 11:11

VLE's Shire Foods are a supplier to Lidl, so perhaps this is good news:



"Lidl buys extra £2bn of British food
Tuesday January 31 2023, 12.01am,

Lidl will buy an extra £2 billion of British meats, cheeses and other food products over the next three years than it had expected previously.

In 2019, the German discount retailer, said that it would spend £15 billion with its British food suppliers over the coming five years. However, it has now increased that figure to £17 billion by 2025, including £4 billion this year.

It is understood that the extra spending will be on bigger contracts with many of its existing 650 suppliers in Britain, as well as fresh deals with new partners...

....Lidl’s UK sales in the four weeks before Christmas rose by 24.5 per cent compared with a year earlier."

[rivaldo] 26/1/2023 15:31

You have to laugh - the m/cap has reduced by £3m or so on the back of just £7k of trades! There could be a slightly larger trade still to be reported, but still....

It could just as easily go back up on small buying.

[texas_caddy] 26/1/2023 14:36

900p to sell, 994p to buy. Only the 10.44% spread :)

[rivaldo] 13/1/2023 07:52

Great spot penguin 3030. That would be £2.3m in total for the two properties assuming guide prices are met - not too far off 100p per share:



I seem to remember the properties were unencumbered by mortgages, in which case that's a nice parting gift from Indulgence.

[penguin3030] 13/1/2023 07:27

both Indulgence sites are now being indicated as under offer. so a bit more cash in the kitty to spend.

[rivaldo] 23/12/2022 07:26

Cheers JAF111 - yep, good to see VLE buying back almost another £120,000 of shares at 1195p.

For the record there are now only 2.364m shares in issue, so the m/cap is only £27.8m at 1175p.

[jaf111] 22/12/2022 19:27

So another 10k buyback reported after hours…..the 11th buyback since 30 September.
Most interesting to see the increasing price being paid…. 30 Sept buyback at 881p whereas today’s at 1195p.

In the absence of any significant acquisition(s) one must surely expect further buybacks….

[jaf111] 13/12/2022 13:36

News….or another 10k buy-back???

[zoolook] 09/12/2022 10:56

Especially as most of their cash pile comes from a tender offer priced at £1350.

[exv] 09/12/2022 09:46

Tweeted this elsewhere but IMO the board should be commended for the execution of the share buyback scheme. Very often businesses will use illiquidity as an excuse not to act. Volvere is very illiquid, but as a long-term shareholder I think they are doing precisely the right thing by buying back shares at a substantial discount to NAV, which in my view is a conservative yardstick of value.

I don't care about buybacks as a way to manage the share price. Actually, I'm a little disappointed the price is moving up - I would rather it stayed below 10 bucks so they could've kept buying back ridiculously cheaply - but this sort of market activity is another way a management team can demonstrably 'create value' for remaining shareholders by buying a pound of assets they know well for less than a pound of outlay.

[rivaldo] 09/12/2022 07:10

So looks like the market was collecting shares up for this large buyback of 10,000 shares, or £113,000.

Good to see VLE consider 1130p still good enough value to be buying in, and just prior to the year end too:

[rivaldo] 08/12/2022 15:40

Up once again. Without buybacks too. I suppose:

- the cash pile will be earning decent interest receivable from hereonin
- company valuations for acquisitions should be getting more and more attractive

The second Indulgence property was still for sale on Rightmove this morning. Other than these factors I'm unaware of any further news flow.

[jaf111] 06/12/2022 13:00

After a short pause it looks like it’s on the move (upwards) again……🤞

[rivaldo] 01/12/2022 10:41

Cheers penguin 3030, good spot.

[jaf111] 01/12/2022 10:39

….well a little bit of buying now so 🤞🤞🤞 for some news / early Xmas prezzie 😂

[elsa7878] 30/11/2022 14:05

1 unit under offer

[penguin3030] 30/11/2022 14:05

looks like one of the Indulgence sites is already under offer

[jaf111] 30/11/2022 12:31

News imminent???

[penguin3030] 08/11/2022 16:40

If you visit rightmove commercial and use postcode co4 9qs, it throws up 2 Indulgence sites for sale - one at £1.55m & one at 750k

[rivaldo] 08/11/2022 15:30

The RNS just now shows Indulgence being closed - sad for the employees, but good news for VLE as:

- it finally draws a line under VLE's only poor acquisition
- it frees up £2m of freehold properties for sale to add to VLE's cash pile.

No idea how saleable Indulgence's properties are - anyone investigated this previously? I assume they're in Colchester.