Tate & Lyle Share Discussion Threads

[philanderer] 13/2/2018 10:05

Fair comment I reckon...

Tate & Lyle: Jefferies ‘chastened’ buyer after sell-off


Jefferies remains a ‘chastened’ buyer of Tate & Lyle (TATE) after an underwhelming update in the midst of stock market turmoil last week saw the shares slump.

Analyst Martin Deboo retained his ‘buy’ recommendation but reduced the target price from 750p to 665p on the shares, which fell 2% to 570.4p yesterday.

‘A superficially anodyne update has prompted a 10% sell-off,’ he said. ‘It also sends a message to incoming chief executive Nick Hampton that fresh thinking is going to be required to restore value.’

‘The combination of trough valuation, an impetus for decisive action and belief in Hampton keeps us chastened buyers.’

He added that ‘the reality is that Tate is now a cheap asset, earning below-average margins, in an industry that might be ripe for consolidation’.

[philanderer] 13/2/2018 09:24

upgraded 'hold' to 'buy'

13th feb Kepler buy tp 630p

[deanforester] 12/2/2018 18:08

I suspect that people think that they are still in the sugar business. Splenda should benefit from a sugar tax.

[philanderer] 12/2/2018 17:49

Everything up for me bar TATE.... just matching the FTSE100 +1.1%

[philanderer] 12/2/2018 13:36

Management deliberately talking it down I thought with the update ,

"longer term development of the business, will moderate profit growth in the second half."

Happy to add a few more this morning. Good for the income portfolio :-)

[essentialinvestor] 12/2/2018 11:39

Not for TATE, unless there was markedly bad news.
I only buy ordinary shares that are fully paid for,
so very vanilla.

[spooky] 12/2/2018 11:31

Do you have a stop in mind EI?

[essentialinvestor] 12/2/2018 11:25

I'm attracted by the cashflow, big decrease in bet debt at the H1.

If the new CEO does half as good a job as he did as CFO,
would hope medium/longer term there is significant upside.

[bookbroker] 12/2/2018 11:21

Seems to have fallen a long way, if you are a chartist it would appear value currently, right at the base of the MACD on a daily timeframe, weekly suggests lower! Could be a tasty morsel for a larger group, churns out consistent if slightly uninspiring profits, relatively low levels of debt ought to be seen as a positive, plenty of global food producing companies to provide interest, and a fairly broad shareholder base ought to provide a catalyst for corporate action.

[philanderer] 12/2/2018 10:31

Goldmans also cutting target from 695p to 665p today , 'neutral' retained.

[essentialinvestor] 12/2/2018 10:26

I added this morning. There are some savage moves atm.

[wskill] 12/2/2018 10:24

Not sure what is happening in the markets but overseas earners are being hit hard I am swimming against the tide with my top ups of Tate,ng.and isat cannot believe that these companies will be much affected by britexit.
But I suppose my investment horizon is much longer than most of the hedge funds.

[philanderer] 12/2/2018 10:24

And that's a target price cut from Deutsche today from 725p to 650p - 'hold' retained

[philanderer] 09/2/2018 10:13

Most targets cut , easy job for these guys to just react ;-)


9th feb Credit Suisse neutral tp 710p
9th feb Soc Gen buy tp 680p
9th feb Berenberg hold tp 655p
9th feb Kepler hold tp 630p
8th feb Goldmans neutral tp 695p
8th feb Davy neutral -
8th feb ShoreCap hold -
8th feb Liberum buy tp 850p

8th feb ++++ trading update ++++

[philanderer] 08/2/2018 19:11

Tate & Lyle slid despite saying it remains on track to deliver full-year adjusted pre-tax profit in line with guidance at constant currency. Shore Capital pointed out that the stock has been caught up recently by the weakening dollar trend, as well ongoing speculation around the NAFTA negotiations.

"We see little in today’s update to break out of such constraints for the time being, and reiterate 'hold'."

[philanderer] 08/2/2018 17:25

EI, smaller company stocks and uk based doing relatively better... 5 up and 15 down for me today but portfolio only matching the FTSE100.

Overseas earners especially taking a beating afterr the BOE statement.

[essentialinvestor] 08/2/2018 16:41

Phil, taking no prisioners, looking a little like bear market type
behaviour on multiple stocks atm. However way too early to say if
this is the end of the wider bull market.

[philanderer] 08/2/2018 16:03

Markets have gone very weird.

[wad collector] 08/2/2018 12:50

Looks like a half empty view being taken by the market. How to interpret a few vague words.....

[essentialinvestor] 08/2/2018 12:40

Phil, at 49 dull is ok for me full stop!.

I thought the CFO/new CEO sounded a little subduded?,
may be reading too much in to that.

[philanderer] 08/2/2018 12:32

Agreed EI.

Dull is ok with me in these markets ;-)

[essentialinvestor] 08/2/2018 12:30

Phil, would also be my take. More subdued than the H1 tone.

[philanderer] 08/2/2018 12:27

NEW YORK (dpa-AFX Analyzer)

- US investment banker Goldman Sachs has left the rating for Tate & Lyle "Neutral" with a target price of 695 pence. The third quarter interim report shows risks to market expectations, analyst John Ennis wrote in a first assessment on Thursday

[philanderer] 08/2/2018 12:09

£ bouncing up


++ BOE lifts growth forecasts, sees inflation staying above target

++ BOE says rate may need to rise earlier, faster than seen in november