Real Good Food Investors - RGD

Real Good Food Investors - RGD

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Stock Name Stock Symbol Market Stock Type
Real Good Food Plc RGD London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 2.45 08:00:00
Open Price Low Price High Price Close Price Previous Close
2.45 2.45 2.45 2.45 2.45
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Industry Sector

Top Investor Posts

garbetklb: And I suspect a lot of investors who hold it in a SIPP / ISA won't be able to hold unlisted shares.......
red ninja: Well I can see why they want to do it to save management time and money. However, for investors means holding on for a few years until the group can dispose of its remaining businesses at hopefully a good price. If Downing are correct there could be a good payday, but a lot of investors won't want to be locked in for a few years.
buywell3: I would imagine that Real Good Food shareholders will now find this not very palatable Real Good Food PLC Company Update 29/08/2017 The Company announced on 1 August 2017 that it anticipated EBITDA for the year ended 31 March 2017 would be lower than market expectations at approximately GBP2.0m, subject to final audit. Since the announcement of 1 August, a review has been undertaken, under the guidance of the Company's new Finance Director, which is now expected to lead to additional audit adjustments relating to inter-company trading and consolidation. As a result of these additional adjustments, the Board now expects EBITDA for the year ended 31 March 2017 to be in the region of GBP1.0m. The Company's banking facility is subject to customary terms, conditions and covenants which are tested quarterly, with the next date at which the Company's banking covenants will be tested being 30 September 2017. The Board is in discussions with its bankers to vary certain conditions of this facility to reflect the Company's recent and anticipated trading. In addition, the Board is pleased to announce that its major shareholders, NB Ingredients Ltd, Omnicane International Investors Ltd, and certain funds managed by Downing LLP have confirmed that they will, if required, provide additional funds to support the Company's working capital requirements. The Group now expects to announce its Final Results for the year ended 31 March 2017 on 29 September 2017.
prokartace: Oh no, left for dead. I'm guessing that with the depressed sp and lack of investor comment, now is the time to buy back in.I am wondering about the fx effect and then I will decide
briangeeee: "The Group has, in addition, incurred significant one-off transaction costs as well as legal costs in relation to the discussions with the UK and EU Competition Authorities." It seems that Totte's competence is lower than even we feared. Not only was he dishonest in failing to disclose clearly the key sugar subsidy arrangement with BS in all investor meetings, in the Harden Sugar Report, and in all recent company reports, but he's now blown further shareholder money on lawyers. Any normal BoD would have kicked him into touch by now, but the NEDs appear to be conflicted.
felix99: I would take note of tired old broker 140661 - he knows the trade well and is one of the best investors you will find on these boards. Good luck to you but have to say your faith is more than blind and regardless of what you say shareholders are entirely dependent on what crumbs PT and Omnicane decide to throw at them. RGD is clearly a business that has little control over pricing or its markets and it only makes money when its markets decide to prove favourable. With regard to your analysis you probably haven't factored in the legal costs of fighting this case which will not be cheap and the significant effects of the dispute could be anything as it stands. I find it strange that if the only BS issue is that they have to pay BS "high price" surely PT can quantify the effect on profits that are going to be felt now for the full year. Or can he not forecast a month ahead? Even if RGD eventually win some minor victory out of BS they still have to get from A to B and I would hazard a guess that some fund raising will be needed before then given the "significant effects of the BS dispute".
typo56: And who would ask him to leave? The ordinary private investors don't have any power, do they? Typical AIM structure!
typo56: See, even after all these years you know the accounting rules a lot better than me! Still being around after 15 years is a sure sign of mediocrity. Good investors and bad investors would be long gone, for different reasons. Like you, I've developed other interests and these days only dabble a bit in the market here and there, occasionally moderating the irrational exuberance of some ADVFN posters (which by their logic means I must be short)!
140661: CR, I agree the interims are a bit disappointing but the serious investors in this company are not focusing on the short term. At today's price the shares trade on less than 8x the forecast for March 2014 which makes them very cheap which is why institutions are buying the stock. You and your mates can keep shorting the stock and if other PI's want to sell then good luck; I am confident your shares will be picked up by long term investors who see the medium to long term potential of the story. If anyone wishes to scroll back through the posts on this board they will see CR slagging of this company at 36p recommending a sell, not sure that was great advise!! This share is not for short term investors but those who see the clear potential. To remind existing and potential investors: 1. the company is expected to achieve EPS pd circa 7.5 EPS for March 2014 which places the shares on a PE of less than 8x. Cheap. 2. through its sub Napier Brands the Company is in a very strong position to benefit from changes to the sugar market over the next two years. See the sugar report on the company's website. Cheap. 3. the loss making subs of Haydens and R&W Scotts are turning the corner into profitability. 4. Omnicane will be able to supply sugar to RGD from 2015 with significant benefits to the group. 5.Omnicane and other group shareholders own over 60% of the shares. 6. the boards' options only crystallize when the share price hits 100p, 150p, 200p and 250p respectively. 7. recent buying over the last 4 months totaling 5% of the company has been institutional In summary, yes the interims are a bit disappointing but for those bothered to look there are good signs as well (25% own label next year, £100m is retail sugar sales, debt £3m below expectations and Haydens ahead of expectations). Those looking to make big profits over the next 3 months go ahead and sell, others like me who see the potential of this stock to reach 200p plus within 18 months will hold and accumalate, just like the institutions who have been buying the shares over the last 3 months. GLAH
briangeeee: Shanklin - re the £500 Mn turnover at 6% margin giving £30Mn EBITDA..... Unlike most other company figureheads PT makes significant and bold forward looking statements. In order for investors to gain confidence that these statements are worth the air with which they're spoken, we have to establish the recent track record of the forecaster - in this case PT. RGFC had a previous 3-year plan that vanished almost with out trace. At the June 2011 AGM, in year 2 of the plan, Renshaw confirmed that they had exceeded their year-3 target. There was no mention of the overall plan or performance of the other divisions. After that it wasn't voluntarily mentioned to investors again. At around the same time (22/06/11), the shiny new 3-year plan was disclosed in a Proactive audio interview: This clearly states a target to double 'the size of the business' through organic growth by 2014. Of course the year end has since moved to March, so it's reasonable to assume this now means the plan ends at March 2015, which was confirmed at the 2012 AGM in the Q&A. However at the recent Proactive presentation PT mentioned the plan ended in 2015/2016! Perhaps a slip, but a significant one. It is vital to be consistent and to deliver. The second issue that is vague about the plan is that it targets revenue and EBITDA. What matters to investors is sustainable earnings, and eventually (arguably) returns via dividends. The relationship between EBITDA and the true bottom line is of course vague and open to accidental or deliberate manipulation. Excessive CAPEX causes increase amortisation, and we know there is significant ongoing capital investment. And as we saw last year, it seems possibly to take some operating unit 'restructuring' costs at group level outside the reported EBITDA figures. For those two reasons I say the targets are vague. I'd be much happier to see PT disconnect any internal targets he sets for staff from targets communicated to investors. I'd prefer these were done in the traditional manner through the company broker, and consistently achieved or bettered. That's the road to achieving a high earnings multiple and attracting the long term investors the company would like to attract.
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