Produce Share Discussion Threads

[battlebus2] 10/11/2015 07:50

Update on The Kent Potato Company

Further to the Company's announcement on 8 October 2015 regarding the closure of its packing facility in Kent, the 45 day consultation period with employees has now ended. Following this consultation, the Company can now confirm that packing operations will cease at the site in early December, with volumes transferring to their sites in the Scottish Borders and Cambridgeshire.

[topvest] 08/10/2015 19:11

All quiet on this BB. A bullish sign if there ever was one!

[topvest] 08/10/2015 07:25

Results out. Looks pretty good to me. Exposure on contingent liability is in the sort of range expected. Increased dividend. Reduced debt. Continued restructuring, but encouraging overall. Looks like they are losing some volume from a key account (Sainsbury?) but have a 3 year fixed margin contract. Overall, this looks a solid business as it has delivered some fairly good results in a very tough year for the industry. Very happy with my 130p BUY now!

[topvest] 11/9/2015 17:19

It's a one-off and they are probably in the thick of dealing with insurers etc. Probably not very smart to announce a range as well if its commercially confidential and will prejudice negotiations. Hopefully mostly covered by insurance but top end gross exposure may be a few million I would guess for the week or so of impacted product. Suspect it's material but not disastrous so I'm holding.

Net exposure will depend on their insurance policy!

[battlebus2] 11/9/2015 08:25

Yes that's was my thought, if we had a ball park figure it may have stopped the couple of sales first thing or then again we might have all been selling.......

[shanklin] 11/9/2015 08:21

Would have been nice if they could have put a range on the associated cost.

[battlebus2] 11/9/2015 08:02

Product recall still not finalised and with financial impact into next years results.

Just how much compensation we have to pay is going to lead to a few sellers today..

[topvest] 11/8/2015 09:42

This is now flying. Final results out at the end of September I presume.

[battlebus2] 11/8/2015 08:02

LOL mach100, ticking up again, word from the ground is with the weather in certain areas we may see vegetable prices rising.

[mach100] 06/8/2015 14:44

Yes Battlebus. Would you mind carry a few jerseys on board? There isn't enough meals on wheels today in my opinion.

[battlebus2] 06/8/2015 13:15

Another good day here, up over 35% from the low.

[battlebus2] 29/7/2015 18:32

Most of the time mctmct, nice move up today....

[mctmct] 27/7/2015 10:11

How does anyone manage to trade this stock? 600bps spread and no quote available for 5000 shares! Is it always this illiquid?

[mctmct] 27/7/2015 09:58

Battle: thanks for the link. There must be a market for JRC's bridge-building skills! :-)

[battlebus2] 25/7/2015 23:12

All quiet here like most threads but we finished at another recent high, not long until the next update which will see us move in one direction or another :))

[metier9] 26/6/2015 19:42

Maybe not material? Not sure how the rules work.

[battlebus2] 26/6/2015 16:29

A good finish to the week :))

[battlebus2] 25/6/2015 21:42

Partial to them myself. Thought they would have updated the market by now on the recall.

[topvest] 25/6/2015 21:28

Yes, Jersey potatoes seem to be doing well - in the shops everywhere anyway.

[battlebus2] 23/6/2015 20:48

Recall news well behind us and stretching to new highs :))

[battlebus2] 20/5/2015 18:46

Good to see another tick up..

[topvest] 14/5/2015 21:41

Disappointing news this week, but limited impact I suspect and will soon blow-over. Share price seems to have pulled back today.

[metier9] 14/5/2015 09:23

I saw on the grocer (?) there is 50% EU funding for some sort of JV to promote the nutritional value of potatoes. Probably chips still not healthy but it won't stop me!

[battlebus2] 14/5/2015 08:04

Moving up with small buys..

[battlebus2] 13/5/2015 15:41

Should recover again with any luck.