Tate & Lyle Share Discussion Threads

[essentialinvestor] 22/9/2021 15:51

Very welcome bounce, have sold some here in case around £7 proves to be a cap on the price.

[essentialinvestor] 17/9/2021 16:32

Had a few more before the close. NBPE and VTY my main gainers this week, although VTY is a small position as had hoped to add lower down, which did not happen. Major miners looking increasingly ill and wonder if we are due wider equity volatility? as sector weakness and declines in Asia ripple outward.

[spoole5] 17/9/2021 16:16

650 it is then

[essentialinvestor] 17/9/2021 09:08

6.50 is by no means out of the question, particularly given some of the previous share price cycles.

[rcturner2] 17/9/2021 09:03

I must admit I am very surprised to see Tate back down at this level. I bought at 600p and sold at 750p. The chart does not look good and could be headed for 650p.

[essentialinvestor] 16/9/2021 17:33

No crystal ball here!. If you look at a 5 year chart of TATE, ignoring the pandemic plunge, the current move is pretty regular. Obvs there may be something in the next trading update etc, perhaps on the costs/margins front. Selling 50% of primary products looks to be behind at least some of this, also keep in mind FY 2021 guidance is for slightly negative EPS over FY 2020.

[wad collector] 16/9/2021 16:53

Good to catch the apparent bottom. Until tomorrow:-)

[essentialinvestor] 16/9/2021 14:34

Had another 600 under 6.84 at the open, might be around the low, barring something untoward, or a wider equity market plunge.

[wad collector] 16/9/2021 14:26

Looking at the long term profit history , it is hard to see why this is valued so that it pays 4.4% yield, does the market really feel that the profit is so vulnerable in future to justify this price? P/E of 12.7 suggests that this is a risky punt , but that would not be my rating.

[cfro] 15/9/2021 18:10

Agree, looks very vulnerable down here.

[essentialinvestor] 15/9/2021 16:57

A question rather than a statement, just to clarify!, however a definitely maybe.

[tornado12] 15/9/2021 16:26

I have to agree EI , is another reason I am invested here as is solid business even in market downturns with above average divi . I intend to stay put waiting for next news on the spin off . Patience is key

[essentialinvestor] 15/9/2021 14:53

Looks like a sitting duck to be taken out?.

[spoole5] 15/9/2021 13:05

No much confidence in the strategy here

[essentialinvestor] 15/9/2021 08:16

Moving in to a lower trading range?.

[essentialinvestor] 14/9/2021 15:48

Bought a few SN spoole fwiw, not high conviction though. Added a few TATE.

[spoole5] 14/9/2021 15:25

May as well back the stock now with the proceeds at this price

[essentialinvestor] 14/9/2021 14:49

Major institutional holders can stop the deal passing if they wish. If they were unhappy, guessing there would have been reports of this by now.

[spoole5] 14/9/2021 14:43

The market is indicating otherwise

[essentialinvestor] 14/9/2021 11:51

Have to take a good deal on trust that the CEO and BOD are calling this transaction correctly, let's hope so.

[cfro] 14/9/2021 11:42

GM and voting to held on 30th Sept. I suspect the deal will easily be accepted.

[yump] 14/9/2021 10:31

We all know what happens to businesses that are sold to financial operators - redundacies. So director selling shares not a bad idea - especially if you’re not offered some great pre-“rationalisation” share options offers.

[spoole5] 14/9/2021 10:11

Struggling to hold 700.

[tornado12] 12/9/2021 11:30

Anyone know the timeline for approval of the bid ?