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Share Name Share Symbol Market Type Share ISIN Share Description
Real Good Food Plc 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
  0.00 0.0% 4.65 4.30 5.00 4.65 4.65 4.65 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 61.6 -26.1 -28.6 - 5

Real Good Food Share Discussion Threads

Showing 7126 to 7150 of 7375 messages
Chat Pages: 295  294  293  292  291  290  289  288  287  286  285  284  Older
DateSubjectAuthorDiscuss
01/5/2014
07:39
A couple of months ago, following the recent warning, Shore Cap increased their forecast of year-end debt from £29.3m to £35.4m. So the £31.5m seems is an improvement on that recent forecast. I think they must have been working hard on working capital, to avoid a fund raising. They probably feel if they can hold out until Mauritian sugar potentially comes available at the end of this year, that they may be OK. However that will be subject to what feels like a related party transaction. Why should Omnicane sell them sugar any cheaper that BS? The sugar syndicate will want to maximise the price for themselves and their growers. Omnicane will want to maximise their margin. Napier will want it as cheap as possible, but will be desperate to secure a contract. Omnicane own nearly 30% of RGD, so how will the pricing work out? Are RGD even guaranteed to even win the supply? All very interesting, but it would be difficult to raise more equity funding at a decent price until there is contractual clarity around sugar supply.
briangeeee
01/5/2014
07:25
Interesting to see how the mkt reacts to this ongoing problem for RGD. It sounds like a problem that isn't going to disappear in a hurry if at all - essentially a big looming risk.
spaceparallax
01/5/2014
07:24
I may have missed something but did they ever inform the market that they expected net debt to exceed £31.5m at year end? Not that it's a surprise really. Net Debt/EBITDA is now over 9.5. If net debt at 31 Mar 2014 was £31.5m, does that imply it could hit £40m during H1? A fundraising on the way?
typo56
01/5/2014
06:49
EBITDA expected at ~£3.3m. Looking at last year DA might be around £2.2m, so EBIT of £1.1m, which compares with Shore Cap forecast of £0.9m. Interest costs will probably be around the same level over the year, so say a full year loss of £0.6m, assuming little of no corporation tax due.
briangeeee
09/4/2014
08:47
We appear to have a rebound - interesting to see how well it lasts and whether we've found the bottom.
spaceparallax
05/4/2014
07:36
Or their losses in this case.
spaceparallax
04/4/2014
15:49
People cashing in their capital gains, leaving it right to the end of the tax year.
yewtrees
04/4/2014
15:32
wow, share price looking very wobbly - will it rebound off the mid 30s or drop through?
spaceparallax
02/4/2014
11:14
You're not wrong Typo - that said, if they take no further holding for a few months that highest paid price suddenly becomes more attractive for them. They just need to wait patiently and watch the share price continue to slip.
spaceparallax
02/4/2014
09:12
SP - If Omnicane were to make an offer it would have to be at or above the highest price they've paid for shares during the previous 12 months. More likely I think, if there's a fund raising, there may be a waiver permitting Omnicane to hold over 30% without having to make a bid.
typo56
31/3/2014
10:12
It is difficult to envisage them getting a fund raising away until the BoD is sorted out. As a minimum, the board requires a strong non-executive chairman, and a new head of RemCom.
briangeeee
31/3/2014
10:04
On the Omnicane holding - I'd expect them to play very canny i.e. hold off buying more or possibly dispose of a few to drive and hold down the share price in order that that can make the lowest possible offer should they hit the 30% holding in the near future. Who knows PT might one day fall on his sword
spaceparallax
29/3/2014
08:12
Very relieved to have sold my position at 48p, chart is not looking good. Hope I am wrong but I suspect this is going lower. There is a good business here but the British Sugar dispute is very worrying. GLAH
140661
28/3/2014
18:10
I expect Omnicane's holding will increase in the forthcoming fund raising.
typo56
28/3/2014
11:13
Interesting given the recent share price movement that we haven't heard of any changes in the Omnicane holding.
spaceparallax
26/3/2014
17:37
Yes bottom fishing can be an easy way to loose money with no clarity
envirovision
26/3/2014
16:01
Looking at today's share price movement it would appear that some adventurous souls are seeing the dip as a chance to buy in on the cheap. Given the sharp fall of recent weeks with no clear bottom I'd say that's very brave, or perhaps a tad foolish. Were we to reach 30p, which is probably unlikely, I might give it some thought but not right now and with no sign of light at the end of the tunnel.
spaceparallax
25/3/2014
11:51
It looks as if the mkt has finally cottoned on to PT's never delivering spin - hard to see it remaining above 40p for long.
spaceparallax
05/3/2014
16:53
It's not just 2014 estimates that have been hit. Shore have also reduced 2015 estimates from pre-tax of £8.2m to £1.2m and eps from 8.7p to 1.3p, although talking about 2015 might be a bit accademic! And Shore is the house broker.
typo56
05/3/2014
12:30
The BS dispute is a nonsense given PT's plainly expressed desire to 'reform the sugar market' i.e. double speak for reduce capacity and force up prices. The guy wants it all ways.
spaceparallax
05/3/2014
09:44
I think the BS dispute may be a bit contrived and being used as an excuse for poor performance. Being squeezed is the danger you face with a distribution business model when you don't have sufficient control over cost and sell prices. Perhaps one reason Omnicane have been picking up more shares is to massage their accounts. As I recall, they'll be able to book as an exceptional profit the difference between what they paid and the book value per share for RGD. Of course, that book value contains a lot of intangible goodwill. Feels like a tower of cards about to collapse!
typo56
05/3/2014
05:44
BrianG, that really is a disappointing figure, I hope the Company achieve a quick and positive resolution to the BS dispute.
140661
05/3/2014
01:00
EPS for the current year now forecast to be -0.7p. Given that the sugar pricing hasn't been an issue for the whole year, that would seem an abysmal result if it actually came to pass. Not only that, but as cash flow will be so much worse than profitability, due mainly to capex, there really must be a valid concern over 'going concern'. The key issue in the short term must be whether or not they have a valid case against British Sugar. [Totte's BS meets the other BS!] Omnicane's buying and price support seems all the stranger.
briangeeee
04/3/2014
15:09
Given that 140.... claims to be out now, it signals a grim time ahead if even their greatest advocate has jumped ship.
spaceparallax
04/3/2014
10:32
I think he is PT spaceparallax :-) CR
cockneyrebel
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