Being as large as they are probably brings scale advantages, along with pre-existing relationships with distributors (such as Aldi, who they've been partnered with since 2008), but that's probably it.
Thanks for the interesting idea and write-up! You wrote that Volvere isn’t available to be traded on Interactive Brokers. However, I just checked in my IBKR account and it showed up in my search.
Nice write-up. This has been on watchlist for a while now, but Shire Food's moat is unclear to me. What would you say their moat is?
Being as large as they are probably brings scale advantages, along with pre-existing relationships with distributors (such as Aldi, who they've been partnered with since 2008), but that's probably it.
Thanks for the interesting idea and write-up! You wrote that Volvere isn’t available to be traded on Interactive Brokers. However, I just checked in my IBKR account and it showed up in my search.
But u can't buy
Ah yes... LSE segment not supported
"If we were to apply a reasonable 10x earnings multiple to Shire Foods, adding the £23m of cash we are looking at a £67m valuation"
This implies a 20x multiple on Shire Foods right? 20*2.2 = 44, 44+23 = 67
2.2 was their half yearly numbers, sorry I can see where the confusion is coming from. So would need to double it to annualise.