Market's view on Various Eat.
Published on April 2024
- A stock watcher expressed a reluctant acceptance that the company may need to forego profit for another year to improve turnover and market share.
- Concerns were raised about the company’s cost of sales equalling its revenues, resulting in zero gross profit before overheads are considered.
- Positive feedback on Various Eateries’ interim results presentation for the 26-week period ending 3 April 2022, citing a performance in line with full-year expectations.
- A stock watcher highlighted strong leadership and management, particularly noting the positive effect of reduced media focus on COVID-19 on business confidence.
- Comments on the company’s strategic location choices and business model, including the mix of leasehold and freehold sites.
- Discussion on the potential of the Tavelino brand as a significant player in the Italian dining segment.
- Positive outlook shared due to robust trading post-COVID-19 restrictions lifting and strong interim financial results supported by business interruption insurance.
- Speculation on the company’s readiness to expand and capitalize on available market opportunities post-pandemic.
- Enthusiasm about the company’s management of site operations during intermittent lockdowns and its strategy for localised marketing.
- Recommendations to buy shares, citing under-the-radar status compared to other IPOs and future growth potential.