7:59 cut – Volvere

Volvere (VLE) – Final Results

There is little new news in today’s statement from the investment company. NAV / share is confirmed as £12.50. Following the disposal of their principal business they are left primarily with a cash pile and a food business which is not making significant profits or obvious financial progress. Continuing operations show a significant loss, although this appears to be driven by a jump in admin costs which may not recur.

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