Yes good to see and the bump in share price yesterday with the completion of acquisition looking like a great recovery stock for the future.
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Sexy it is not but then, the likes of GeoP & MFB were sexy and where are they now?
SVR has bought and is buying profitable profile restaurants in excellent locations at pandemic multiples - excellent base to grow earnings and build on the profile restaurants in the post pandemic world.
I observe the offshoot Azabu in Mission Bay is humming and always busy - as successful as the original in Ponsonby.
Am expecting that SVR will roll out more offshoots across Auckland and NZ, as NZ opens up in the post pandemic world.
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He actually increased his holding from 8,828,119 to 9,393,119.
However with the capital change his % of ownership has been deluted.
..........
Of the 3 most recently acquired Restaurants, Armano made it into NZ Heralds Auckland top 50 list at 3rd, a credible achievement, but alas, the other 2 didnt even rate a mention!
Geoff, please start refining your BBQ skills, or else whats the 0800 number of that Pizza chain?
Article in todays Herald about how our Geoff has been put out to pasture...
Looks like he's invested in some contact lenses.
First photo I've ever seen of him without some Elton John hand me downs.
Congratulations Folks - you are about to get "Savored" .. well One for every Three you thought you had that is ;)
Suppose that might sound better than getting MOA'ED Over .. ;)
https://www.nzx.com/announcements/376494
Quote:
On Friday, 16 July 2021, Savor Limited (“SVR”) announced that they will undergo a capital decrease of shares (“share consolidation”).
Shareholders will receive one SVR ordinary share for every three SVR ordinary shares held at 5pm on the Record Date of Friday, 6 August 2021.
In order for the Share Consolidation to be processed SVR will be halted from pre-market open on Ex Date, Thursday, 5 August 2021.
On Monday, 9 August 2021, trading will resume in SVR ordinary shares.
should help kick that stubborn circa 20c SP north.. or will it ?
Please cancel Thursdays Pappardelle, we're getting MFB instead.
Goddam covid.
may be an improvement on the rough -10% SP fall in past weeks post consolidation on the way if Lock down
duration grows .. ;)
The smart money may feel further chapters of chills & pain with Smitty on the City enduring prescribed locked doors too ;)
https://www.newshub.co.nz/home/new-z...ours-work.html
Hospitality being hit hard especially in L4 Auckland Region but on the face of it, Savor does themselves few favours in public eye.