Previously writing on Coppa Club, Tavolino and Noci brands company Various Eateries (VARE), in June with the shares at 48.5p and noting increasingly severe inflation and cost of living pressures and house broker WH Ireland forecasting a swing to a net debt position this year, I concluded to avoid. So what of now a trading update for its year ended 2nd October 2022?
In September 2020 Various Eateries (VARE) listed on AIM stating it “has successfully raised £25 million… at a price of 73 pence per ordinary share… The net proceeds will principally be used to advance the group's plans to roll out its Coppa Club and Tavolino brands and to fund future activities, possibly including acquisitions”, with founder director Hugh Osmond adding “I helped to build up PizzaExpress out of the UK recession of the early 1990s; we will build up Various Eateries out of the devastation caused by this current crisis”. So what of now-announced results for its half-year ended 3rd April 2022... and a current 48.5p share price?...








