Real Good Food Share Discussion Threads

[hybrasil] 24/9/2017 09:09

It would be appalling if Totte is not prosecuted.

[barnetpeter] 21/9/2017 16:42

I think this is going to do well. there is debt of course but the new investment seems to be doing ok Justin time for xmas.

[buywell3] 12/9/2017 13:31

Sugar now set to get more expensive as the pound starts to climb back from the pits

[buywell3] 29/8/2017 14:35

the 'not' disappeared into the ether ....

it has come back by magic

Did I say this was a right tart of a chart

dyor


I know some do

[pugugly] 29/8/2017 07:31

buywell3 - U R a real cynic !!!

[buywell3] 29/8/2017 07:27

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.

[buywell3] 29/8/2017 07:23

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

[typo56] 29/8/2017 07:18

I wonder where Pieter Totté will turn up next. Perhaps just staying low for a while!

[pugugly] 29/8/2017 07:13

The real kicker is that while shareholders are supportive of supplying extra funds I suspect they will REQURE BOTH ARMS AND A LEG in interest charges so PI's will be stuffed - This is (imo) one of the walking dead for the forseeable future.

[typo56] 29/8/2017 06:34

I said, keep an eye on the net debt. The recent fundraising last didn't last long! Where would they be now without it?

[slaphead240] 21/8/2017 11:39

It may not be that surprising. I see that the the Micro Cap Investment Trust is headed by Judith McKenzie. Is it the same Judith Mckenzie who was appointed to the RGD Board on 29 June?

[strollingmolby] 17/8/2017 13:06

Surprised to see Downing buying into RGD within its new Strategic Micro-Cap investment Trust:



"On 29 June 2017, RGD announced that it had raised a total of £15.5 million of expansion capital. DSM’s allocation of this issue was £6.77m - comprising £1.86m of equity and £4.91m of debt. Despite recently announced problems, we remain confident in the business and the underlying investment case."

[fillipe] 17/8/2017 10:25

Overdraft RNS today...



Not sure how good this one is.

f

[barnetpeter] 10/8/2017 08:05

up again.....

[barnetpeter] 08/8/2017 20:21

This takes the eye though. Bought recently....


Brighter Foods creates and manufactures snack bars for the healthy snacking market from its factories in Tywyn, Gwynedd in Mid Wales, where it is a major local employer with some 170 full-time staff. The award-winning company produces snacks which are targeted at areas such as diet control, gluten free, lactose free, low or no added sugar, sports nutrition, organic and fair trade. Brighter Foods manufactures both partner branded products and has its own healthier brands such as Wild Trail which is stocked in major retailers and health stores.

[typo56] 08/8/2017 19:56

I think I'll hold off until new management get the bad news from the previous watch out of the way. Then might be the time to buy the dip, if you trust they'll survive. It's easy to underestimate the risk in these bagger or bust situations.

Now what about Omnicane?

[barnetpeter] 08/8/2017 18:28

Well...it raised 15.5 million in various finance and


"In the first nine weeks of the new financial period, the Company has experienced strong growth in revenues across all three of its operating divisions".


Lot of business here with turnover 100 million plus.

Of course the history is dodgy and it sure is risky with possible need for more money....but I think they will get it. The sort of deal that might see a big profit at this sort of price or lose much of your cash. Punt. But a great business esp with Brexit in mind getting rid of some of the competition. If the new lot can sort things out .....

[typo56] 08/8/2017 13:34

They placed at 35p recently and unless there is fraud involved the audit will be correct.

Just as the audit was correct in previous years. Just it failed to tell you what was being siphoned off as 'consultancy services'.

Keep an eye on the net debt. How long will the recent fundraising last?

[jotoha2] 08/8/2017 12:29

Well done major holders for getting rid of the dodgy meister and his keeper

[barnetpeter] 08/8/2017 12:07

Left immediate tells the story. They placed at 35p recently and unless there is fraud involved the audit will be correct. A very big business in an area that is doing very well. Expect a takeover in time here

[kemche] 08/8/2017 10:28

Did he fall on his sword or did everyone push him onto it. Shameless crook and charlatan. Good riddance. But now for the full unvarnished horror I presume.

[fillipe] 08/8/2017 07:42

Possession is 9/10ths of the law.....

f

[typo56] 08/8/2017 07:23

Will Pieter Totté be allowed to keep all the dosh he's accumulated from RGD? Any FCA investigation?