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RGD Real Good Food Plc

1.45
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Real Good Food Plc LSE:RGD London Ordinary Share GB0033572867 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.45 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.45 GBX

Real Good Food (RGD) Latest News

Real Good Food (RGD) Discussions and Chat

Real Good Food Forums and Chat

Date Time Title Posts
31/10/202311:40Real Good Food...a real good recovery to come...2,351
01/4/201511:37The Real Good Food Group3,650
21/5/201213:03Positive news-
27/9/201009:43A Real Good Find1,095
17/5/201016:00AT 29P THESE REALLY ARE AS CHEAP AS CHIPS - OCTOBER 8TH 200715

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Real Good Food (RGD) Most Recent Trades

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Real Good Food (RGD) Top Chat Posts

Top Posts
Posted at 31/10/2023 11:40 by dave4545
Some turnaround announced today.

Brutally illiquid, some quick traders have been smashed up buying and then selling miles below the price.

Next leg up soon, NT to buy now bidding a premium.

Looks like a good recovery play after that news
Posted at 29/9/2023 13:53 by red ninja
Real Good Food PLC - Liverpool, England-based cake decoration company - In the year ended March 31, revenue declines 20% to GBP32.4 million from GBP40.4 million, due to "macroeconomic headwinds". Real Good Food's pretax loss narrows to GBP9.0 million from GBP19.0 million. In the prior year, it had booked a GBP16.1 million goodwill impairment. "Market conditions remain challenging. We are however starting to see volumes in some segments slowly rebuild. Over the last few months, our trading performance has been affected by our tight cash position, but we are gradually trading our way into a better place as the seasonally busier autumn season kicks in. After five months of trading, demand is higher than last year and despite sales being broadly the same due to cash constraints, [earnings before interest, tax, depreciation, and amortisation are] better," the company adds. Real Good Food says its "radical reforms" have transformed the company. Its recovery plan included "significant price resets" to products, as well as plans to "improve business processes and create smarter ways of working throughout the business".
Posted at 14/10/2021 15:38 by red ninja
Well Downing reckon it is worth more than the current price in a recent news letter, but you might be hanging on for quite a while to get your cash back.

Some obviously willing to take the risk.
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 31/8/2021 09:24 by red ninja
I hold DSM which holds RGD which is enough for me.
Posted at 31/8/2021 09:13 by weatherman
It seems a risky investment to me - if they can't get full price for assets there may not be much left for shareholders.
Posted at 22/4/2021 12:19 by red ninja
Great move for RGD. I should have bought a few yesterday.
Posted at 22/4/2021 12:16 by galaxy enforcer
Well that is fantastic news for the company and cannot understand why the price is not far higher
Posted at 23/9/2020 11:41 by red ninja
RGD Revenue falls 28%, but signs of recovery in business :-

[...]

Loan notes under discussion.
Posted at 07/11/2018 07:12 by arthur_lame_stocks
A snippet from the Downing letter:

"Real Good Food
In the period, Real Good Food announced the disposal of Hayden’s bakery, with the proceeds used to pay down the rest of the term debt. At the time of our investment into the group, there was an allocation to Hayden’s for new capital equipment to improve throughput and efficiencies, particularly on a new yumyum line. This investment was made on the back of contracted demand from supermarkets. Post investment, Hayden’s began underperforming on margin assumptions whilst demand remained promising. Ultimately, and with the rest of the change which was going on in the group, the management team decided that it was better to divest this business now, rather than try to recover margin and bring it into profitability. On an annual run rate, we think the business was losing around £2 million and this cash could be used better elsewhere. The exit price was at net asset value
which is disappointing but also reasonable given the cash losses. This leaves the group with two core, cash generative subsidiaries – Renshaw and Brighter Foods – as well as a couple of smaller subsidiaries. Renshaw and Brighter are both performing well on a revenue and profit basis. Stockdale, Downing’s house broker, recently published a note which pointed to combined historic EBITDA of these businesses of over £8.5 million. This would value the group today at under 1x EBITDA, and sub 5x EV/EBITDA. Given the potential for these businesses to grow and the stability of the capital structure of the group (no third-party debt) we think that this represents great value although it is unlikely that market sentiment will adopt this view until more progress can be demonstrated. There is still hard work to be done to ultimately realise value, but we believe the management team in place are top class and now well aligned to an outcome which should favour shareholders."
Real Good Food share price data is direct from the London Stock Exchange

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