Camellia Share Discussion Threads

[cjohn] 22/5/2024 20:20

If their pay was linked to performance, they'd be having to reimburse their emoluments and compensate shareholders for destroying shareholder value.

[c3479z] 11/5/2024 07:45

Bardsley was a debacle and so was Abbey a few years ago that suffered a fire, lost its market share in aerospace treatments and was nearly written off, being sold for a very small sum...yet the Directors continue to pick up enormous income>

[russman] 11/5/2024 06:45

Note 45 in the Annual Report Sub & Assoc undertakings.
A colossus of failed management / administration / opportunities.
Time to sort Kakuzi PLC out, their biggest white elephant.

[crumppot] 07/5/2024 13:23

The board seems to have lost the plot.
They sit on tons of money and pay no dividend.
Ridiculous!!

[cjohn] 07/5/2024 11:11

Just caught up with the results.

Really poor performance in Agriculture, capped by the Bardsley disaster, which they speak about, as if it's nothing to do with their own dire decision-making on capital allocation. They've learnt nothing from the Bardsley purchase.


They are still intent on selling BF & M, which is the jewel in the tarnished crown. The most profitable part of the conglomerate.

Even better, 34adsaddsa, than share buybacks, would be returning all cash from the BF & M sale to shareholders. Shareholders are highly likely to use the cash more wisely than Camellia management. Share buybacks is the second best option. Please no further idiotic acquisitions.

[russman] 29/4/2024 18:31

no final dividend sums up their position.

[34adsaddsa] 29/1/2024 12:57

Selling assets and using the cash to repurchase shares further concentrates remaining shareholders in the tea plantations and increases the dominance of the Camellia Foundation.

Are you sure you want that? It may be better than applying the same investment acumen that led to Bardsley Apples, but I don't think it's a good outcome.

[russman] 06/1/2024 05:41

CAM always fail to enunciate.

[cjohn] 05/1/2024 10:19

Will the benighted Camellia management actually learn from the Bardsley disaster?

And not waste any more cash buying risky, low-to-negative margin agri businesses.

The RNS is entitled 'Refocussing Investments and Bardsley England Update". Yet not a word on the former. Indicative of the total vacuicy of their strategy.

[eezymunny] 05/1/2024 08:13

Bardsley awful. Hopefully they'll think very carefully before investing proceeds of BF&M disposal (which looks likelier IMO).

The market cap is so very far below even the most hollowed out balance sheet I can imagine. Any sane person would just keep buying back shares with BF&M proceeds while people are daft enough to sell at these levels.

Not much sanity around these days of course :)

[russman] 05/1/2024 05:18

bardsley cost 15.7mn plus 9.3mn loan. wonder how much capital can be salvaged.

[russman] 17/11/2023 06:40

up another couple of quid.

[eezymunny] 04/11/2023 12:36

That's it pireric.

Nothing guaranteed at this stage but looks pretty good to me for a BF&M stake sale... Things obvs not straitforward!

[pireric] 04/11/2023 11:05

hxxps://www.bfm.bm/getattachment/bcffab65-21fc-499e-8a27-9acd6a199119/BF-M-and-Equilibria-Announce-Strategic-Partnership.aspx

Eric

[crumppot] 04/11/2023 09:56

Where do we look?

[eezymunny] 04/11/2023 09:04

It's not an RNS. It's a treasure hunt. Have a good search while it's raining!

Nothing RNSable yet, I think. Maybe soon. Maybe not.

[crumppot] 04/11/2023 08:29

Eezy I can't see any news either. Please elaborate?

[arthur_lame_stocks] 04/11/2023 07:58

What news has there been, I can't find an RNS.

[eezymunny] 04/11/2023 07:56

There's news if you bother to DYOR

[russman] 04/11/2023 06:52

big jump with no news

[crumppot] 18/10/2023 19:27

I have been saying that for years

[pireric] 18/10/2023 19:03

The lack of dividend growth is quite incredible

Eric

[arthur_lame_stocks] 27/9/2023 16:38

I sold out today. It's just a value trap IMO. The dividend is lousy despite the cash balance and they look like they're going to reinvest all the money they raise from disposals of property and the insurance business back into agriculture, which if the Bardsley acquisition is anything to go by will be a disaster.

[russman] 27/9/2023 16:27

Chairman has to fall on his comestibles.

[ntv] 27/9/2023 12:43

how useless is this company. It beggars belief
Management still stripping cash out of it in huge wage packets
So called assets must be pretty much worthless as they are nearly all loss making
Basket case unless they can houses instead of apple trees
They eventually decided to put the park up for sale when the property market is crashing