Camellia Share Discussion Threads

[crumppot] 20/12/2022 23:31

Not likely that either will happen

[russman] 20/12/2022 17:47

share buyback

[crumppot] 20/12/2022 09:12

Russman...Increase the dividend?

[russman] 19/12/2022 18:01

selling Linton Park, whatever next.

[1tx] 19/12/2022 15:28

Anyone know any oligarchs who might have the the resources to maintain Linton Park if it is to be returned to a private home?

[piedro] 19/12/2022 07:34

Disposal of "ACS&T2 and relocation of head office

All very sensible IMO.
How the money is spent remains to be seen as we have never had
a review of the long term Supply/Demand of their chosen crops.

for example ...
Avocado – About to Embark on a Balancing Act
World Market Prospects for the Medium/Long Term (2021-2028)
DATE: November 3, 2022

[russman] 09/12/2022 18:42

Another puppeteer would:-
realise value in a tax efficient manner for all shareholders.
a buy back program would be a start.
"charidee" starts at home.

[piedro] 08/12/2022 21:19

crumppot,

It has taken me two weeks to get permission to open the "Camellia Collections"
- and not yet seen anything worth buying.
- perhaps it should be donated to some museum.

Regarding your "a massive shake up" that will presumably be the responsibility
of the new CEO.

[crumppot] 08/12/2022 17:21

It needs a massive shake up. It isn't being run for the benefit of shareholders, other than the controlling party.

Has anyone been to the AGM?

[russman] 08/12/2022 17:05

I suggest CAM should implode sharing value with all its shareholders. It is a dinosaur.

[1tx] 08/12/2022 10:13

In reality are there actual potential buyers for Tea Plantations in Bangladesh & India as well as agricultural interests in Africa?Local buyers perhaps on a estate by estate sale but would they be prepared to pay even the book price,let alone a premium to book value and would sales proceeds except perhaps from India be allowed to be remitted to UK.The Bermuda Insurance business may eventually be sold but its actual value is unclear at present other than a notional value based on perhaps limited trading in its shares.A few other businesses could be sold eg Road Transport & the remaining stock of its former art trading business but the present discount to NAV is unfortunately justified at present.

[value hound] 07/12/2022 17:57

Yes - I'm not suggesting there's any kind of non-compliance with S172, but it's over half owned by Camellia Holdings which is, in turn, controlled by a charitable trust. So there's no real contradiction as they can always say they're acting in the best interests of the company etc. That said, if they sold down to a non-majority holding, the share price would surely be double where it is now?

[russman] 07/12/2022 17:11

s172 equitable to all shareholders. Chairman should retire / sell up.

[value hound] 07/12/2022 08:52

The price is always out of kilter with the balance sheet as it's effectively run for charitable purposes, so you have to take the dividend and hope that something happens to change things.

[eezymunny] 07/12/2022 08:37

"Equity attributable to BF&M's shareholders at 30 September 2022 was $294.0 million"

My quick calc says that's worth c. £88m to CAM if it were to sell at book. And insurers are generally reporting good conditions now - so bad news short term but better medium term. Much will depend on the path of inflation I guess.

So many other assets. Price looks well out of kilter with the balance sheet. The news flow is consistently bad, mind :)

[chrisdgb] 07/12/2022 08:15

Basket case...........

[russman] 23/11/2022 17:39

valuation at current fair value ifrs & ias.

[crumppot] 23/11/2022 14:48

There isnt much income to distribute, as the they keep the dividend low.

[1tx] 23/11/2022 11:53

LOL the intangibles are low because Gordon Fox when building up the Camellia "empire" from one tiny tea estate in 1960's thru 1990's essentially paid very little!It is an interesting story & business operating out of a stately home in Kent (Linton Park).....Difficult to value the shares!Gordon Fox who is 93,a Canadian living in Switzerland still basically controls 50% of the shares but gives the income to charities operating in areas that Camellia is based.

[russman] 23/11/2022 09:27

Surprised intangibles is such a low %.

[russman] 23/11/2022 09:25

I presume their insurance investments are allocated to associate segment.

[c3479z] 22/11/2022 19:35

know this is potentially a large company with 78000 employees and complex operations and results are often a product of variables beyond their control commodity, especially tea prices, drought, pests, fx, labour unrest etc but do think the Directors are overpaid: looks as though the apple acquisition is not so far inspired with the bumper crop this year leading to lower prices in the supermarkets, which have all the power when setting price to buy from the producers.

[crumppot] 22/11/2022 16:58

Shocking. The directors are taking the company down!

[chrisdgb] 22/11/2022 14:50

Awful...........

[piedro] 21/11/2022 09:12

Something to consider - their 'strategy' ...


[data taken from Annual Reports: Business and geographical segments]

Note: - Thomas Franks appointed CEO in September 2015