Lees Foods Share Discussion Threads

[cockneyrebel] 29/7/2010 07:54

H1 significantly ahead of the 11.8p eps last year - so 14p eps in H1 or better imo.

H2 had a significant charge last year - won't be repeated this year.

Must do £1m pbt this year at least imo - eps 28p+

Looking fwd to the interims.

CR

[jbarker5555] 29/7/2010 07:38

Nice update, boring shares win the day. Bet at the end of the year I`m up more here than any dodgy oiler or miner that can swing hugely on 1 RNS. :)

[yoyoy] 29/7/2010 07:15

quite so CR,

"The Company remains cautiously optimistic in respect of the second half of the
year and expects that both sales and pre-tax profits will be ahead of market
forecasts for the full year. "

[yoyoy] 29/7/2010 07:14

RNS Number : 1079Q
Lees Foods Plc
29 July 2010

?
29th July 2010

Lees Foods plc ("Lees" or the "Company")

Pre-Close Trading Update and Notice of Results

Lees Foods Plc, owners of Lees of Scotland and The Waverley Bakery, is today
giving the following trading update on its positive performance during the first
6 months of 2010, in advance of the release of the Company's interim results
which will be announced on 29 September 2010.

Group sales for the 6 months to June 2010 closed at GBP9.62m, in comparison to
GBP8.85m, for the same period last year, an increase of 9%. The demand for the
Lees range of products continues to be strong, and the Company is pleased to
report that both Lees of Scotland and The Waverley Bakery achieved record sales
for the first half of the year. Pre tax profits for the first half of 2010 are
expected to be significantly ahead of last year's figure of GBP394k.

The Company remains cautiously optimistic in respect of the second half of the
year and expects that both sales and pre-tax profits will be ahead of market
forecasts for the full year.

[cockneyrebel] 26/7/2010 17:56

yep - boring is good :-)

CR

[jbarker5555] 26/7/2010 17:23

I like these boring companies, they`re great for my portfolio value! :)

[smarm] 26/7/2010 16:04

Tick up again.

Lovely.

S

[cockneyrebel] 22/7/2010 12:05

I always look at the fwd eps for the PE really - you need to look at where the co is going, not where it's been. Forecast to do £985m pby and just over 39.5p eps so RR. not as cheap as I'd like to buy really.

Interesting that LEE is up today on no trades on LSE or Plus. Trying to fill a buy?

CR

[cockneyrebel] 22/7/2010 10:41

Where you get a PE of 5 from for RR.? I have 40p eps next year - PE 15 more like?

CR

[cockneyrebel] 22/7/2010 10:38

Funny, I had a brief look at them earlier this week (RR). Why so cheap? A big pension deficit?

CR

[jbarker5555] 22/7/2010 08:57

Me too! Bought just B4 ex-div.

CR any interest in RR, £58B orer book, PE of 5 and profits growing ?? All IMO

[smarm] 21/7/2010 22:43

I know and still just you and me in it!

:-)

S

[cockneyrebel] 21/7/2010 20:26

:-)

been a constant trickle of buying day after day since the AGM smarm - a few more pence and that will be a two year high nearly :-)

CR

[smarm] 21/7/2010 17:48

...you got here first! Again. Rats.

;-)

S

[cockneyrebel] 21/7/2010 16:29

Director bunging shares in the trust ahead of the results.

Broken out today.

CR

[cockneyrebel] 21/7/2010 11:46

A new header so that we have a Plus Markets trades link in the header.



Website:



Lees Foods have two main businesses - Lees which are the cake makers and Waverly which is the wafer makers.

You can see their products on the website - a website that they spare every expense on by the way :-)

In the year to Dec 09 they made £849K pbt - not far off £1m profit from a co with a market cap of £3.9m @ 167p a share.

A divi of 7.2p was paid last year, it is paid at year end, up 7% from last year.

Recently the former boss Raymond Miquell has left the co - he has been taken over by son Clive. On doing so Raymond sold shares with many being bought by the remaining directors.

After a failed acquisition of Patisserie UK (led by Raymond it seems) it was wound up. The co has receieve £250K compenstation in shares and £125K cash - that took place post results and should be shown in this years results.

Interim results are due late Sep.

Trading statement late July last year.



CR

Plus Market trades:

[cockneyrebel] 13/7/2010 15:34

I said you're an irrelevance.

CR

[watchout2] 13/7/2010 15:33

I hold RGT, you deramp it none stop attacking me on a regular basis.

I hold mubl, you deramp it none stop again attacking me.

I hold Dcd, you did for a while turn up there deramping it but have
gone quiet, probably because it's doing very well.

When i held a lot of Cltv you deramped none stop on the thread attacking
me on a regular basis.

I'm sure there's others CR but you want to still claim you dont have
a vendetta, i just give you it back, you've had numerous chances to
walk away but cannot do it !

[cockneyrebel] 13/7/2010 15:20

Who's got the vendetta? Take a good look at yourself. I couldn't care less what you've made and I don't know why you're here telling me on the LEE thread.

You're an irrelevance to me.

CR

[watchout2] 13/7/2010 15:18

LOL !

Avoided the subject yet again like a good politician :-))

Get over your vendetta cr, it's clouding you and making you
look a fool.

I made 150% profit on Trp and told the thread numerous times
i'm a day trader of the stock so i will be in and out.

I could buy a million more Rgt with the profits :-))

Dont get jealous...just keep calm ...deep breaths lol

[cockneyrebel] 13/7/2010 15:16

I invest in good quality stocks with good balancesheets and profits - a dishonest little penny pump and dumper lik yourself won't affect them, they stand on their own ability. It's the peny ramps with nothing behind them that can't take a bit of genuine cricism from myself and others - RGT and TRP for instance.

CR

[watchout2] 13/7/2010 15:12

Dont matter, if no stranger will ramp up then you can call on Dave :-))

lol

You are a hypercrite though, the amount of times you slag off stocks
and say you would not touch because of the lack of mm and illiquidity
and here you are ramping this with 2 mm's, 10p spread and 1k nms.