Various Eateries – interims, how’s the ‘building up’ going?...
By Steve Moore | Friday 24 June 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?...
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