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RGD Real Good Food Plc

1.45
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Real Good Food Investors - RGD

Real Good Food Investors - RGD

Share Name Share Symbol Market Stock Type
Real Good Food Plc RGD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.45 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.45 1.45
more quote information »
Industry Sector
FOOD PRODUCERS

Top Investor Posts

Top Posts
Posted at 27/9/2021 17:26 by garbetklb
And I suspect a lot of investors who hold it in a SIPP / ISA won't be able to hold unlisted shares.......
Posted at 27/9/2021 12:55 by red ninja
Well I can see why they want to do it to save management time and money.

However, for investors means holding on for a few years until the group can dispose of its remaining businesses at hopefully a good price.

If Downing are correct there could be a good payday, but a lot of investors won't want to be locked in for a few years.
Posted at 29/8/2017 08:27 by buywell3
I would imagine that Real Good Food shareholders will now find this not very palatable




Real Good Food PLC Company Update

29/08/2017


The Company announced on 1 August 2017 that it anticipated EBITDA for the year ended 31 March 2017 would be lower than market expectations at approximately GBP2.0m, subject to final audit.

Since the announcement of 1 August, a review has been undertaken, under the guidance of the Company's new Finance Director, which is now expected to lead to additional audit adjustments relating to inter-company trading and consolidation. As a result of these additional adjustments, the Board now expects EBITDA for the year ended 31 March 2017 to be in the region of GBP1.0m.

The Company's banking facility is subject to customary terms, conditions and covenants which are tested quarterly, with the next date at which the Company's banking covenants will be tested being 30 September 2017. The Board is in discussions with its bankers to vary certain conditions of this facility to reflect the Company's recent and anticipated trading.

In addition, the Board is pleased to announce that its major shareholders, NB Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have confirmed that they will, if required, provide additional funds to support the Company's working capital requirements.

The Group now expects to announce its Final Results for the year ended 31 March 2017 on 29 September 2017.
Posted at 20/7/2016 15:14 by prokartace
Oh no, left for dead. I'm guessing that with the depressed sp
and lack of investor comment, now is the time to buy back in.I am wondering about the fx effect and then I will decide
Posted at 01/4/2015 11:06 by briangeeee
"The Group has, in addition, incurred significant one-off transaction costs as well as legal costs in relation to the discussions with the UK and EU Competition Authorities."

It seems that Totte's competence is lower than even we feared. Not only was he dishonest in failing to disclose clearly the key sugar subsidy arrangement with BS in all investor meetings, in the Harden Sugar Report, and in all recent company reports, but he's now blown further shareholder money on lawyers.

Any normal BoD would have kicked him into touch by now, but the NEDs appear to be conflicted.
Posted at 24/2/2014 20:21 by felix99
I would take note of tired old broker 140661 - he knows the trade well and is one of the best investors you will find on these boards.

Good luck to you but have to say your faith is more than blind and regardless of what you say shareholders are entirely dependent on what crumbs PT and Omnicane decide to throw at them. RGD is clearly a business that has little control over pricing or its markets and it only makes money when its markets decide to prove favourable.

With regard to your analysis you probably haven't factored in the legal costs of fighting this case which will not be cheap and the significant effects of the dispute could be anything as it stands.

I find it strange that if the only BS issue is that they have to pay BS "high price" surely PT can quantify the effect on profits that are going to be felt now for the full year. Or can he not forecast a month ahead?

Even if RGD eventually win some minor victory out of BS they still have to get from A to B and I would hazard a guess that some fund raising will be needed before then given the "significant effects of the BS dispute".
Posted at 21/2/2014 18:51 by typo56
And who would ask him to leave? The ordinary private investors don't have any power, do they? Typical AIM structure!
Posted at 17/12/2013 11:01 by briangeeee
I remain positive about prospects, but they don't make it easy.

Their comment at the end of the Interim report is perhaps ironic:

"Most of the trading divisions of RGFC are seasonal, creating a large proportion of their EBITDA in the October to December period. This was the prime reason we changed our accounting reference date to the 31st March in order to improve both the quality and accuracy of our budget and investor reporting"

The change in accounting reference date confused the historic comparatives and undermined investor confidence. This statement is included at the end of a set of interim results which the house broker has taken to be a profits warning, downgrading their profits forecasts for the current and next year. So much for improved quality and accuracy of investor reporting!
Posted at 05/12/2013 17:01 by typo56
See, even after all these years you know the accounting rules a lot better than me!

Still being around after 15 years is a sure sign of mediocrity. Good investors and bad investors would be long gone, for different reasons. Like you, I've developed other interests and these days only dabble a bit in the market here and there, occasionally moderating the irrational exuberance of some ADVFN posters (which by their logic means I must be short)!
Posted at 03/12/2013 20:09 by 140661
CR, I agree the interims are a bit disappointing but the serious investors in this company are not focusing on the short term. At today's price the shares trade on less than 8x the forecast for March 2014 which makes them very cheap which is why institutions are buying the stock. You and your mates can keep shorting the stock and if other PI's want to sell then good luck; I am confident your shares will be picked up by long term investors who see the medium to long term potential of the story. If anyone wishes to scroll back through the posts on this board they will see CR slagging of this company at 36p recommending a sell, not sure that was great advise!! This share is not for short term investors but those who see the clear potential. To remind existing and potential investors:

1. the company is expected to achieve EPS pd circa 7.5 EPS for March 2014 which places the shares on a PE of less than 8x. Cheap.
2. through its sub Napier Brands the Company is in a very strong position to benefit from changes to the sugar market over the next two years. See the sugar report on the company's website. Cheap.
3. the loss making subs of Haydens and R&W Scotts are turning the corner into profitability.
4. Omnicane will be able to supply sugar to RGD from 2015 with significant benefits to the group.
5.Omnicane and other group shareholders own over 60% of the shares.
6. the boards' options only crystallize when the share price hits 100p, 150p, 200p and 250p respectively.
7. recent buying over the last 4 months totaling 5% of the company has been institutional

In summary, yes the interims are a bit disappointing but for those bothered to look there are good signs as well (25% own label next year, £100m is retail sugar sales, debt £3m below expectations and Haydens ahead of expectations). Those looking to make big profits over the next 3 months go ahead and sell, others like me who see the potential of this stock to reach 200p plus within 18 months will hold and accumalate, just like the institutions who have been buying the shares over the last 3 months.

GLAH

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