Real Good Food Share Discussion Threads

[spaceparallax] 25/9/2014 07:34

The guy is simply full of it!

[cockneyrebel] 25/9/2014 07:00

I see Totte is 'delighted' this RNS - the next one will be depressed then imo.

CR

[spaceparallax] 24/9/2014 08:34

Looks like case closed

[typo56] 24/9/2014 08:09

CMA effectively saying, "Don't waste our time"?

At least it will reduce one layer of blag (polite mode) in Totte's statement tomorrow.

[typo56] 22/9/2014 21:33

I imagine they'll be a trading statement on Thursday, with the AGM.

[typo56] 22/8/2014 15:41

Hopefully there aren't any PI's left to gain entry to the AGM!

[spaceparallax] 22/8/2014 13:13

No doubt the AGM will prove interesting - hopefully questioners will manage to pin down slippery PT

[cockneyrebel] 19/8/2014 21:21

The grim reaper is after his sugar fix imo.

CR

[spaceparallax] 19/8/2014 20:35

sp looking poor

[slaphead240] 15/8/2014 09:09

It's pretty much a dead stock now going by the volumes. Shame as I had a lot of (misguided )faith in the company at one time before I bailed out

[buywell2] 15/8/2014 07:09

This is a real risk going forward

[buywell2] 15/8/2014 06:52

buywell2 24 Feb'14 - 00:08 - 2142 of 2142 0 0 edit

So how will this impact the bottom line ?

No numbers given in the update so another profit warning coming methinks

Also the lack of forsight of the BOD in NOT sourcing alternatives BEFORE this reflects very badly upon them

[spaceparallax] 08/8/2014 12:47

I don't see immediate crises for RGD, but they do need to have a serious rethink about their business model and how it accommodates pressures without their control.

[typo56] 07/8/2014 14:51

BrianGeeee, it's a good point you make about working capital. Is "improved working capital management" a euphemism for paying suppliers later?

How much longer do you think they can keep the plates spinning?

[spaceparallax] 04/8/2014 09:08

The results are indeed bad - although there may be glimmers of hope in some areas if Totte's to be believed.

I don't think they have a chance with the CMA - they're simply being outmanouevred by a more skilfull competitor.

The good news is that so far the mkt seems to have reacted with indifference.....so far!

[briangeeee] 01/8/2014 22:04

It appears the short term borrowing facility has been pushed to the limit at 91% of receivables. At the same time, payables have risen 40% to £29.8m.
So they've maxed out on borrowings and have substantially slowed paying bills.
Working capital has deteriorated from £7.3m to £1.5m.
I'm surprised there's no qualification to the report by the auditors.

[typo56] 01/8/2014 13:19

No mention here of today's results yet? There can't be any holders left.

The numbers look horrible, but perhaps no worse than expected.

They estimated net borrowings at 31 March in the May trading statement and they are not as high as I originally thought they would be. So far, there's been no mention of the fund raising I'd been expecting soon.

It's difficult to say by how much the frequently mentioned sugar dispute has impacted because, as far as I can see, it's not been quantified. Why not do you suppose?

Apparently, "The negative impact on cash generation arising from the British Sugar dispute was largely offset by improved working capital management." Anyone able to elaborate on this from the figures available? Why didn't they do this "working capital management" previously?

Also note how they want to re-establish the various divisions as separate entities. What do you make of this? Does this mean if one division gets into trouble it wouldn't bring down the group? Does it make it easier to dispose of a division? I wonder if Daniel Stewart are involved.

Still not a stock on my shopping list.

[spaceparallax] 28/7/2014 13:26

In fairness to you, the dispute has subsequently placed a big cloud of uncertainty over the Company. They need to resolve this ASAP if the share price isn't to sink further.

[tiredoldbroker] 23/7/2014 08:26

I see that I was too upbeat back in December (4 Dec'13 - 13:08 - 3461 of 3615) when I suggested 40-45p as the trading level for the shares.

[spaceparallax] 21/7/2014 21:23

call me old fashioned, but I only ever invest.

[typo56] 21/7/2014 09:25

Ah, but the good thing about being long is that slippage is limited to 100%!

[spaceparallax] 21/7/2014 08:40

Sp looking pretty precarious - we badly need some positive news to prevent significant slippage.

[spaceparallax] 16/7/2014 15:37

I wonder what's behind today's dip?

[typo56] 10/7/2014 13:56

They may be holding off for the CMA decision regarding the BS dispute. I think the outcome of that could be rather binary for RGD.

We've seen in the past how low EU sugar prices can be detrimental to RGD's profitability. If EU prices remain low, doesn't that rather undermine the reason for building Immingham?

Added to that, sugar is now public health enemy no 1 and England got booted out in the first round (don't ask me why that's significant but I'm sure Totté will find a way if he can).

[briangeeee] 10/7/2014 10:26

Prelims out 26th June last year, and they weren't great. Maybe more head scratching required this year.

Perhaps longer discussions with auditor regarding the next 12 months. PT may be convinced that Omnicane will ride to the rescue, but it will be interesting to hear if the auditors share that view.