Fyffes Share Discussion Threads

[juuunx2] 31/12/2015 16:17

2breakout good find thanks for the link. More revenue coming for fyfes by the sound of it, happy days and a happy and prosperous new year to you regards Juuunx2

[juuunx2] 10/12/2015 19:57

I don't blame you I wish the rest of mine were worry free! If I wasn't already grey I certainly would be after last couple of months.....

[tintin82] 09/12/2015 15:47

Steady as she goes. One of my largest and worry free holdings for sure.

[juuunx2] 09/12/2015 12:07

All quiet on here. Must be expecting some good news shortly? Is there anyone out there?

[juuunx2] 27/10/2015 22:03

Good link Battlebus

[juuunx2] 27/10/2015 22:03

All looks positive here. Good solid stock

[battlebus2] 21/10/2015 08:02

Yep and in much better shape imv...

[18bt] 21/10/2015 07:56

SP getting close to the price agreed with Chiquita - just shows that sometimes not having a takeover can be good for shareholders.

[tintin82] 20/10/2015 19:03

Brilliant news, highly cash generative with more to come. Particularly pleased with the news regarding the pension.

[battlebus2] 20/10/2015 17:24

Looks like a great bit of planning for the future to me.....Fyffes PLC on Tuesday said it has invested USD30 million to expand capacity at its US melon business, acquired a banana farm in Costa Rica for USD15 million, and closed its Irish defined benefit pension scheme.
Fyffes said it is still "strongly" generating cash. Following the flurry of corporate activity, it expects that year-end net debt "will not exceed one times target adjusted earnings before interest, tax, depreciation and amortisation for 2015.
"Fyffes remains confident about the future prospects of its business and is well placed to compete strongly in its key markets, following these and other important strategic and operational developments in recent years," the company said.
The company said it has acquired additional melon farming assets in Central America comprising about 2,500 hectares of leased land, 100 hectares of owned land, four packaging stations and related plant and equipment for USD18.3 million, in a move to increase the group's capacity in the melon category by close to 25% for the 2015/16 US import season set to begin late November.
"This additional volume will give rise to a USD10 million to USD12 million seasonal investment in working capital before the end of 2015," the company said.
Meanwhile, the USD15 million banana farm in Costa Rica has been operated by Fyffes since early 2014 under a lease arrangement.
In addition, closing the Irish defined benefit pension scheme means that Fyffes has made one-off final payments of EUR20 million to eliminate its entire future liability under the scheme. That will increase operating profits by EUR1.0 million on a full year basis.
The pension payment was EUR10.5 million higher than the deficit provided for in the balance sheet at the end of June.
The group is due to pay EUR4.5 million over the obligations of its main UK operating company, Fyffes Group Ltd, under the Merchant Navy Ratings Pension Scheme. That money was previously provided for in the group accounts.

[battlebus2] 20/10/2015 16:25

Excellent news. Fyffes buys more melons and bananas :))

[tintin82] 16/9/2015 09:16

People are profit taking all the time. I wouldn't be concerned with such small movements. The long term trend rules with FFY.

[ajb29] 16/9/2015 08:18

Few people profit taking now that we've just crossed the previous peak of April / May 2014?

[tintin82] 07/9/2015 13:40

Indeed. In these volatile times investors will begin to value solids cash machine companies such as FFY, hence why I recently tripled my holding! That spread hurts though.

[battlebus2] 07/9/2015 13:21

Encouraging move today.

[battlebus2] 03/9/2015 17:33

Great results from sister company TOT this morning, both co's blue and new recent highs....

[battlebus2] 01/9/2015 14:56

Continuing higher.....

[tintin82] 27/8/2015 08:56

Very nice results, topped up with another 3818

[multibagger] 27/8/2015 08:02

Taken another 2350

[multibagger] 27/8/2015 07:58

Yeah ffylly agree :)

I'm gonna take some more !

[battlebus2] 27/8/2015 07:39

Excellent interims......The net cash position is testament to that :))