Real Good Food Share Discussion Threads

[hybrasil] 22/5/2018 06:15

Surely totte will be prosecuted?

[barnetpeter] 30/4/2018 23:20

indeed...look at the mkt cap and the amount of cash that has been piled in here by some big hitters.

[jailbird] 25/4/2018 22:32

You may be right..it is a punt and nothing else..not for widows and orphans

[ftsestocks] 24/4/2018 22:16

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.

[jailbird] 23/4/2018 13:37

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

[barnetpeter] 23/4/2018 13:34

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!

[jailbird] 23/4/2018 11:55

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 11:50

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

[lammylover] 31/1/2018 13:05

The reason they aren't trading lower is the BOD put the RNS update out at 1030 hrs, so a lot of people will have missed it. This is a really underhand practise, which will be badly viewed by many, as effectively trying to hide the results. Another Shockingly bad update again. I feel sorry for the share holders on this one. Its only the big shareholders (owners) propping up this company by providing cash whenever it is needed to secure their investment. Otherwise it would go under or have to refinance again. I was tempted to buy in at 19p as a punt, but this just seems such a badly run company that I have no faith in the Management to turn it around any time soon. Sorry Rich

[eastbourne1982] 31/1/2018 11:27

Yes I'm staggered these aren't lower, where is the ex CEO now, what a con man.

[boffster] 31/1/2018 11:18

What an absolute mismanaged crock this company is. Where is the shareholder value supposed to come from?

This company traded at 2p a few years back! I'm only surprised the shares aren't back at that level.

[topvest] 06/1/2018 19:36

Why not a high fat tax as well? Sugar is only a small part of the problem. People become obese due to a high fat diet, too much sugar and a lack of exercise, probably in that order of cause.

[buywell3] 06/1/2018 17:49

Sugar is proving to be a problem for Premier Foods

It will be one here also , and at many other Food manufacturers

Governments will have to move in 2018 with a sugar tax to save the NHS from going bust due to the strains being placed upon it

[eastbourne1982] 23/12/2017 22:15

12p would be my guess.

[pugugly] 23/12/2017 11:18

Good money after bad comes to mind - Turnover vanity - profit sanity - IMO the latter possilby could apply to all managment especially past - 10% interest on bonds scalpers fee but justifiable as significant (imo) chance they might not get all funds back -

Watching as could be nice business but DEBT potentially a killer.

barnetpeter> You were wise to take the action you did - I never thought the trading update would be as bad as my interpretation of the sneeky one put out on effectivly Chrismas Eve when all departed the City

Question for all - What price when Market opens ?

[napoleon 14th] 22/12/2017 18:14

Good Food ended up in indigestion!
barnetpeter was right & I'm glad I'm out.

[topvest] 22/12/2017 17:54

Yes, disgraceful behaviour continues. Unfortunately I have some interest through Downing. Why they invested in this dog is a mystery? It's quite clearly a low margin sub scale food manufacturer with a big appetite for capital and awful cash flow.

[eastbourne1982] 22/12/2017 14:05

Gutless RNS out after hours today just before Xmas, I thought this company couldn't sink much lower in terms of how it's handled.

Are the FCA investigating Pieter Totte, of course they aren't.

Regulation of the stock market is a shambles, so many CEO's and directors should be serving prison sentences however it seems that generally nobody gives a toss.

I don't hold any shares but watch with interest.

[barnetpeter] 30/10/2017 11:11

Decided to sell out for the moment. On reflection the debt situation could lead to a new equity placing or some form of discount fundraising. Interest rates going up could hurt too. Made a very small profit having bought at the lows but maybe this is just too risky at the moment and upside is low.

[barnetpeter] 23/10/2017 22:43

No I disagree. I reckon this will be a big winner in 2018 as all the bad news is being cleared out now.

I wont add any until a bit lower though Another rights maybe?

[pugugly] 23/10/2017 13:24

Interesting:- Great t/o - Debt could probably kill the business - Can see it being taken private on the cheap by major shareholders- Ideal target for vulture funds but probably (imo) PI's - even buying at this price - will end up in tears -

Any contrary views ?

[lufc5] 23/10/2017 07:36

Ooops.....

[eastbourne1982] 29/9/2017 18:54

This company has been an absolute disgrace.