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Share Name Share Symbol Market Type Share ISIN Share Description
The Real Good Food Company LSE:RGD London Ordinary Share GB0033572867 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.25p 6.00p 6.50p 6.25p 6.25p 6.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 129.8 -25.2 -34.9 - 6.16

Real Good Food Share Discussion Threads

Showing 7326 to 7345 of 7350 messages
Chat Pages: 294  293  292  291  290  289  288  287  286  285  284  283  Older
DateSubjectAuthorDiscuss
07/11/2018
07:12
A snippet from the Downing letter: "Real Good Food In the period, Real Good Food announced the disposal of Hayden’s bakery, with the proceeds used to pay down the rest of the term debt. At the time of our investment into the group, there was an allocation to Hayden’s for new capital equipment to improve throughput and efficiencies, particularly on a new yumyum line. This investment was made on the back of contracted demand from supermarkets. Post investment, Hayden’s began underperforming on margin assumptions whilst demand remained promising. Ultimately, and with the rest of the change which was going on in the group, the management team decided that it was better to divest this business now, rather than try to recover margin and bring it into profitability. On an annual run rate, we think the business was losing around £2 million and this cash could be used better elsewhere. The exit price was at net asset value which is disappointing but also reasonable given the cash losses. This leaves the group with two core, cash generative subsidiaries – Renshaw and Brighter Foods – as well as a couple of smaller subsidiaries. Renshaw and Brighter are both performing well on a revenue and profit basis. Stockdale, Downing’s house broker, recently published a note which pointed to combined historic EBITDA of these businesses of over £8.5 million. This would value the group today at under 1x EBITDA, and sub 5x EV/EBITDA. Given the potential for these businesses to grow and the stability of the capital structure of the group (no third-party debt) we think that this represents great value although it is unlikely that market sentiment will adopt this view until more progress can be demonstrated. There is still hard work to be done to ultimately realise value, but we believe the management team in place are top class and now well aligned to an outcome which should favour shareholders."
arthur_lame_stocks
28/9/2018
16:58
The high barrier to obtaining criminal convictions probably prevents action. Totte and his crony Salter unfortunately milked the company for fees beyond their normal basic entitlement. Such arrangements tend to prevent the governance expected. Fortunately they're all too old to trouble another listed company, but unfortunately the behavior will carry on in others. Let's hope the company can flourish now they're gone.
briangeeee
28/9/2018
15:43
125 million revenue....a lot of business. Dreadful actions by former directors imo nearly bust this. Still got a long way to go ....
barnetpeter
28/9/2018
13:46
Don't think so. That's just spreading fear...They have £6m cash from sale of Hayden's. Read then more recent RNS's for fuller picture.
jason_scrap
28/9/2018
12:15
Looks like they're going to have to raise money to affect a turnaround tho?
value hound
28/9/2018
11:37
What action, if any, has been taken against Pieter Totté?
typo56
28/9/2018
11:19
Excellent update to be fair. Was expecting horrendous results because hardly any interest was shown at all by market on the last few RNS's. Assets sales, new BOD members, paying off of shareholder debts, general streamlining of business. Price won't stay at these levels for long IMHO. ?
jason_scrap
27/9/2018
12:20
https://beta.companieshouse.gov.uk/company/04666282/filing-history
jason_scrap
27/9/2018
11:45
Downings have some loan notes that convert at 5p I believe, have you included that in your calculations ?
red ninja
27/9/2018
07:32
Only got the placing stock nowadays. The price has been moving up daily and I guess the company is very busy with Xmas orders. Could easily get back to 20 pence I guess.
barnetpeter
18/7/2018
22:36
surprised this has not tanked to near placing price..
jailbird
11/6/2018
12:22
buywell3 8 Aug '17 - 07:31 - 2224 of 2243 0 1 Edit And catch a falling knife This is a very bad chart Not seen its bottom yet IMO
buywell3
22/5/2018
05:15
Surely totte will be prosecuted?
hybrasil
30/4/2018
22:20
indeed...look at the mkt cap and the amount of cash that has been piled in here by some big hitters.
barnetpeter
25/4/2018
21:32
You may be right..it is a punt and nothing else..not for widows and orphans
jailbird
24/4/2018
21:16
I don't see how this company can recover. Debt is now at about £40M (excluding the pension liabiility) and normalised operating profits are just £2M. The interest bill on the debt is £1.1M alone, and is only likely to go up in the future. I think there is a real chance that the debt holders lose patience here and simply take control of the company.
ftsestocks
23/4/2018
12:37
BP As long as the other internal parts of the business will be profitable...worth a punt/trade Not bought in yet though..invested elsewhere, so no hurry
jailbird
23/4/2018
12:34
Worth buying a few? I think so. 2 million disposal plus 4 million loan last month. Every chance of this recovering if the plan works. A punt of course but paying 14p is not the much higher prices paid in previous placings. Brexit may mean food manufac will be at a premium. Supporters with big pockets. Assets cover the mkt cap Not one to go mad on!
barnetpeter
23/4/2018
10:55
FROM THE FINALS RECENTLY Sales revenues grew by over 20% but this was largely a result of recovering commodity prices in sugar and dairy. R&W Scott increased its sales by just over 5% while Garrett's pursued a strategy of retaining customer volume despite poor margins. Both businesses suffered gross margin reverses with Garrett Ingredients particularly suffering around the sharp and unexpected currency movements after the Brexit vote leading to increased commodity costs. A dispute regarding the supply of sugar constrained Garrett's trading position and remained unresolved at the year end. As a result the division traded at an operating loss.
jailbird
23/4/2018
10:50
Yes I agree GBP21.3m of revenues and an operating loss of GBP0.9m Nets assets worth £1.9m It was loss making but I am surprised the Co could not turn that around
jailbird
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