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Various Eateries – argues “a strong position” with a “healthy” financial position. Really?…

By Steve Moore | Monday 11 November 2024


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.


Coppa Club and Noci restaurants, clubhouses and hotels company Various Eateries (VARE) has issued a trading update including year ended 29th September 2024 “revenues are expected to be slightly ahead of current market expectations at £50.5m (unaudited) (2023: £45.5m)… adjusted EBITDA also slightly ahead… look forward to building on our successes in the coming financial year”. What about this from a currently edged up to 18p share price, though still well down from above 25p at the start of 2024?
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