reports
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 25/06/2025
Our daily digest of news from UK Small Caps 25th June 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and Closing Price on prior day to Publication. Dish of the day Admissions: None Delistings: None today…....yesterday Urban Logistics Reit (SHED.L) left the Mai...
- John Cummins
Various Eateries (VARE LN) - Efficiency initiatives driving improved p...
Various Eateries has announced interim results this morning for the period to 30 March 2025, reporting a significant improvement in profitability, with sales growth and operational efficiency initiatives driving an 81% increase in site-level EBITDA. Revenues for the period were 8.8% ahead of H1 2024 at £24.7m, primarily reflecting the impact of new site openings and flat LfL sales during the period. EBITDA benefited from ongoing efficiency initiatives, with site level EBITDA (pre-central costs, ...
- Hybridan Team
Hybridan Small Cap Feast: 07/05/2025
Our daily digest of news from UK Small Caps 7th May 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: None Delistings: Samarkand Group (SMK.PM) has withdrawn from the Aquis Stock Exchange What’s baking in the oven? None ...
- John Cummins
Various Eateries (VARE LN) - H1 trading: Operational efficiencies driv...
Various Eateries has provided an H1 update this morning for period to 30 March 2025, reporting trading in line with expectations, with revenues up 8.8% YoY and site-level EBITDA up 81%. Revenues for the period are expected to be £24.7m (H1 24: £22.7m), primarily reflecting the impact of previous site openings and flat likefor-like sales. Improvements in EBITDA further benefited from ongoing operational efficiency initiatives, which saw group profitability ahead of the prior year despite a signif...
- Charlie Cullen
- John Cummins
Various Eateries (VARE LN) - FY24 results: Resilient trading as rollou...
FY24 results from Various Eateries released this morning illustrate a year of further site rollouts and significant improvement in profitability, reflecting an encouraging performance in the context of wage inflation, poor weather and mixed consumer sentiment. Revenue of £49.5m was 9% ahead of the prior year following site rollouts within FY23 and FY24 and -1% LfL sales, delivering EBITDA (pre IFRS16) ahead of expectations at £0.3m (Zeus est: £0.1m, FY23: (2.2)m). We raise our FY25 EBITDA foreca...
Hybridan Small Cap Feast - 11 November 2024
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Live Company Group (LVCG.L) has delisted from the AIM market What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 31 October 20...
- John Cummins
Various Eateries (VARE LN) - FY24 revenue ahead; LFL sales up 4% in Q4...
Various Eateries is an owner, developer and operator of all-day club, restaurant and hotel sites in the UK. This morning, the group has announced a trading update for the year ended 30 September 2024, reporting revenues ahead of expectations at £50.5m (Zeus est. £47.8m), underpinned by continued new openings and a solid LFL sales performance. Despite facing continued headwinds from National Minimum Wage (NMW) increases, EBITDA is expected to be marginally ahead of expectations, reflecting a cred...
- Kate Heseltine
Various Eateries - Raring to go!
Various Eateries (VE) continues to deliver on its Q320 IPO aspirations with ‘extremely strong’ trading since reopening in April and confirmation of prime site expansion on advantageous terms. In particular, its main brand Coppa Club grew like-for-like sales by 28% on 2019 in its first five weeks of indoor and outdoor dining from 17 May (UK restaurant market like-for-like sales up 8% in June, per Coffer CGA Business Tracker). Similarly, in the half to March 2021, business was encouraging when all...
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