Various Eat. Share Price (VARE)

Strong headwinds at the moment - food inflation, cost of living and continued poor weather to name a few. These things are all temporary and will subside. The excellent locations of the restaurants will remain however and I'm backing management to steer the company through this year. Despite the share price hammering since buying into this, nothing fundamental about the business model and growth strategy has changed. The year end update in October will probably not be much better but as long as the business still has immediate cash I'm not going to be worried. GLA

Overall the message was that the business is prepared well for the economic turbulence, and adjustments can be made which I would assume they will have to. I largely based my investment here on the experience of the management team and they will have seen similar conditions before. This will continue to grow nicely under the radar for a a few more years I think. GLA

Various Eateries management, Andy Bassadone, Executive Chairman, Oliver Williams, CFO and Yishay Malkov, CEO present interim results for the 26-week period ending 3 April 2022. A positive performance in line with expectations for the full year.

Video: https://www.piworld.co.uk/company-videos/various-eateries-vare-interim-results-presentation-june-2022/

Podcast: https://piworld.podbean.com/e/various-eateries-vare-interim-results-presentation-june-2022/

Went to Coppa Club Tower Bridge the other week. Backed up the management's eye for a great location. Food was good. The service on the other hand wasn't good which was disappointing, and reading through google reviews for this site it appears to be an issue. I hope the other sites are better with this and it's just temporary

Various Eateries #VARE full year results overview by the team, Executive Chairman, Andy Bassadone, CFO, Oli Williams & CEO, Yishay Malkov . This was filmed in Coppa, Putney which was buzzing with a great vibe. They experienced strong trading post-reopening facilitated by large outdoor spaces. They resumed the premium site roll-out programme marked with the opening of Cobham and Clifton Village. They remain poised to capitalise on the unprecedented site opportunity in terms of both availability and terms. Post period trading has been encouraging with momentum building.

Video: Https://www.piworld.co.uk/company-videos/various-eateries-vare-full-year-2021-results-overview/

Podcast: Https://piworld.podbean.com/e/various-eateries-vare-full-year-2021-results-overview/