Tate & Lyle Share Discussion Threads

[essentialinvestor] 26/2/2014 10:24

FTSE review 06th March from memory, will tracker funds already have sold
their holdings ? - TATE now well below the market cap needed
to remain in the UKX.

[baron83] 26/2/2014 08:34

Morning all, joined you at 641.70 this morning.

GLA

twitter: @barondaytrading

[essentialinvestor] 25/2/2014 16:01

Not sure I would go that far Mach, approx 17% was wiped off the TATE share price
on the day of the update - it has been more stable over the last week yes.

RR. looks a more complex case imv, as there appear to be multiple current concerns, lower levels there would not surprise me but that's merely my best guess.

On TATE I would agree with the general consensus expressed here - it's a decent
longer term hold and forget.

[mach100] 25/2/2014 13:35

Thanks Essential. Tate is holding up well really since the warning. The sell-off generally of the Footsie 100 seems to be accelerating and i note Rolls Royce is falling fast today. Will be interesting to see if Tate would drop more in a sell off or is news priced in.

[essentialinvestor] 25/2/2014 09:42

Sugar has long been sold Mach, the new owners keep the brand name.

[mach100] 24/2/2014 17:48

Hmmm I see Associated British foods also announced a slump in its sugar business today. I am trying to decide between Tate and Rolls Royce as a recovery play with a dividend yield. After ABF's results and Canaccord's measly price target I will avoid TATE for now. I also don't like the Footsie at a 15 year high.

[mjb2] 24/2/2014 17:30

wad collector- got in at 645. As you say, hold and forget.

[philo124] 24/2/2014 11:47

Canaccord cut 900p to 660p

[wad collector] 20/2/2014 13:00

Buy limit triggered at 639 ; happy with that. Time to hold and forget.

[wad collector] 18/2/2014 16:52

Sure - and with the FTSE closing in on an all time high it could be a risky time to buy.
However , got to do something with cash , and I am looking long not short term. Can sit and wait cautiously and miss opportunities , but my strategy is not to prevaricate too long. I made a tidy profit here , missed a bigger one by selling too early then avoided this drop , now happy to be back in.

[essentialinvestor] 18/2/2014 15:02

What may have concerned analysts is the rapidity of the suclarose pricing decline
within just a few months imv.

It's by no means certain that the -15% decline represents the trough in this
market imv with the large Chinese overhang.

[wad collector] 18/2/2014 12:24

I see I am not alone ; some Directors putting £s where mouths are.



Tate & Lyle PLC - 13 February 2014



Director/PDMR Shareholding



Tate & Lyle PLC (the "Company") has been informed that today the following PDMRs have purchased ordinary shares of 25 pence each in the Company ("Shares") on the London Stock Exchange:


Name No. of Shares Purchase price per Total interest
acquired Share (pence) in Shares
following the
purchase
Sir Peter Gershon 5,000 669.00 77,380
(Chairman)
Javed Ahmed (Chief 100,000* 668.32 1,184,457
Executive)
Tim Lodge (Chief 15,000 668.32 316,391
Financial
Officer)
Robert 10,000 668.32 22,162
Walker (Non-Executive
Director)



* The Shares purchased by Mr Ahmed will be registered in the names of his two children.

[essentialinvestor] 18/2/2014 12:01

It's good to have a bullish point of view, which may be correct.


LEX highlighted a danger of commoditization to their specialist ingredients
markets.

[wad collector] 18/2/2014 11:51

I see a Blue Chip company paying a 4% yield covered by 2.2x , with a flat profit projection over the next 2 yrs that has a progressive dividend policy .
There must be a good chance of a 20% or so rise in the share price over the next couple of years and a much smaller chance of it crashing. That ticks enough boxes in my portfolio to add this morning at 646 . Buy and forget. ...Actually set a 640 limit as dropping again.

[essentialinvestor] 18/2/2014 10:15

I listened to the Q&A session on the conference call, it's over 30 minutes.

Analysts appeared taken aback by the sudden decline in sucralose pricing,
was my take.

LEX in the FT also appeared far from optimistic imv.

[scobak] 15/2/2014 18:29

Agreed. Chinese company BRIGHTFOOD looking for european food companies. Daily telegraph today mentions they may well be interested in a take out. Time will tell as these slide rule assessments take ages.

[ny boy] 15/2/2014 15:56

Usually if fates stocks get relegated there can be a relief rally, happy to add down to 630p or lower if the market permits. Good div and always vulnerable to a take out at these levels.

[wad collector] 14/2/2014 14:07

Sal , stay cool on your buy ; no-one can see the future ; there seems to me far more chance of these being £7 in a month than £6. Enjoy the yield if it takes a year.

[essentialinvestor] 14/2/2014 13:50

Well Sal you look to be correct on a UKX exit, just had a quick look at the
FTSE rankings and TATE appears set for relegation unless the share price has a strong run.

[salpara111] 14/2/2014 11:31

Not sure what is fair value here, doubtless all the brokers who were sitting with targets between £9-10 will now being reworking their numbers to give us the benefit of their highly paid wisdom!
The yield is now 4% and covered so I don't necessarily see much more downside but I guess 630 would not be a big stretch.
The only real unknown is whether there is genuine interest in the business. I would guess that a takeout would need to be north of £9 but given their cash flow that would still be a pretty reasonable price for the business.
I never make an investment decision based on takeover speculation, I make it on fundamentals and then if a t/o happens that is an added bonus.
Last year it was suggested that a predator was circling Anite when its share price was about 140p, one year later and the share price is 90p and no bidder in sight so as I say, ignore takeover speculation!

[essentialinvestor] 14/2/2014 11:17

Around £6.30 looks good to me, no chance of £7 short term unless bid speculation
or a bid.

[salpara111] 14/2/2014 11:13

Hmm, just realised that they will be relegated from the FTSE 100 in just over 3 weeks unless the share price recovers to at least 700p.
My buy at 668 is looking less and less like a smart move.
I think that if I get the chance to get out at b/e I will take it.

[wad collector] 14/2/2014 10:24

I think the Dead Cat may become the Main Course in the Chinese Takeaway.
Anyway it is not dead , it is resting.

[salpara111] 14/2/2014 08:21

Noticed the mentions about a chinese t/o yesterday but it certainly hasnt given the share price any spring this morning!