Real Good Food Share Discussion Threads

[dave4545] 31/10/2023 11:40

Some turnaround announced today.

Brutally illiquid, some quick traders have been smashed up buying and then selling miles below the price.

Next leg up soon, NT to buy now bidding a premium.

Looks like a good recovery play after that news

[red ninja] 29/9/2023 13:53

Real Good Food PLC - Liverpool, England-based cake decoration company - In the year ended March 31, revenue declines 20% to GBP32.4 million from GBP40.4 million, due to "macroeconomic headwinds". Real Good Food's pretax loss narrows to GBP9.0 million from GBP19.0 million. In the prior year, it had booked a GBP16.1 million goodwill impairment. "Market conditions remain challenging. We are however starting to see volumes in some segments slowly rebuild. Over the last few months, our trading performance has been affected by our tight cash position, but we are gradually trading our way into a better place as the seasonally busier autumn season kicks in. After five months of trading, demand is higher than last year and despite sales being broadly the same due to cash constraints, [earnings before interest, tax, depreciation, and amortisation are] better," the company adds. Real Good Food says its "radical reforms" have transformed the company. Its recovery plan included "significant price resets" to products, as well as plans to "improve business processes and create smarter ways of working throughout the business".

[glavey] 21/11/2022 13:13

More expensive debt, well that's something to celibrate. For the lender, at least.

[diku] 17/10/2021 08:42

Is the Real Good food really good?...

[red ninja] 14/10/2021 15:38

Well Downing reckon it is worth more than the current price in a recent news letter, but you might be hanging on for quite a while to get your cash back.

Some obviously willing to take the risk.

[bad robot] 14/10/2021 13:58

I think folks getting suckered it.

Careful people run after it hits 100% rise.


BR
IN BR WE TRUST
RED MERCURY CREW

[buywell3] 29/9/2021 08:20

buywell3 26 Jan '21 - 09:30 - 2317 of 2337 Edit

Losses grow

Not lookin too good

[garbetklb] 27/9/2021 17:26

And I suspect a lot of investors who hold it in a SIPP / ISA won't be able to hold unlisted shares.......

[red ninja] 27/9/2021 12:55

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.

[red ninja] 31/8/2021 09:24

I hold DSM which holds RGD which is enough for me.

[pdosullivan] 31/8/2021 09:16

Very interesting, thank you.

[weatherman] 31/8/2021 09:13

It seems a risky investment to me - if they can't get full price for assets there may not be much left for shareholders.

[red ninja] 31/8/2021 09:01

Mmm, yes tempted to have a punt, but there seems a shortage of stock.

[weatherman] 31/8/2021 08:57

Downing have estimated a value of the remainder 7-14p.

[workerant] 22/4/2021 17:07

With Brighter gone, there's not much left

[wiganer] 22/4/2021 14:48

Yup, and reality setting in after spike earlier.

[tiredoldbroker] 22/4/2021 14:38

Not sure there's any value left. Brighter, the better part of the business, sold for 8.6x Yr to March 2020's £5m ebitda, which was strongly up on their yr to March 2019.

The remaining cake decs business ebitda was 40% down in 2020, and looks to have done worse since. But say it can get back to the £3m ebitda seen in Yr to March 2019, and that someone values it in the same multiple as Brighter: that's £25.8m. But they've mentioned possibly needing to put another £1.5m into the pension fund, just "to close the gap towards a buy-out basis", and another £22.5m due on those punishing loan notes. Unless there's a huge amount of value in the two unused properties they'd like to sell, there's not much margin left for shareholders. But then, most people knew that.