Tate & Lyle Share Discussion Threads

[chucko1] 24/7/2018 11:40

Cable may have been up yesterday (it was really Friday, anyway), but the share price fell by almost 2%. It's not supposed to be a leveraged play with a share price fall up to 4x the GBP/USD upwards movement.

[philanderer] 23/7/2018 17:35

Don't know if it's all this b*ll*x that Trump is coming out with or just cable up today but 600p is looking likely pretty soon.


'Mexico Pushes for Nafta Deal With Trump by End of August'

[philanderer] 17/7/2018 16:19

New stevia products launched

[philanderer] 14/7/2018 00:07

:-)

Telegraph market report confirms..


"...Elsewhere, shares in food giant Tate & Lyle left a bad taste in investors’ mouths after US rival Ingredion spooked the market by cutting forecasts amid a slowdown in North America.

"After Ingredion flagged higher manufacturing costs and lower sales of sweeteners for drinks, shares in Tate & Lyle, which makes 80pc of its revenue in the US, tumbled 28.6p to 640.2p."

[philanderer] 13/7/2018 18:05

Ah !! got the reason.... thanks to the FT..


Profit warning from US peer Ingredion, down to sharply lower sweetener demand from beverage companies in North America plus higher than expected manufacturing costs.

2nd guidance cut this year and is also closing a US wet-milling factory producing high-fructose corn syrup and industrial starch.

[philanderer] 13/7/2018 17:58

;-)

I'm off to County Mayo, the only place in Europe that's raining.

And no wi-fi apparently :-D

[keyno] 13/7/2018 17:48

Nope. It's because I bought back in.

[philanderer] 13/7/2018 15:36

If there's bad news out there it's leaked to just a few . Can't find a thing that would cause this fall today. Just dropping right through the day, no sign of a bounce.

Profit taking maybe ?

[philanderer] 13/7/2018 12:17

As Trump administration bashes China on trade, U.S. officials visit to Mexico revives hope for NAFTA

[philanderer] 13/7/2018 12:15

Tate & Lyle launching three stevia-based sweeteners

[philanderer] 13/7/2018 09:32

Weird , TATE the only red one for me today , all my others are blue :-)

[wskill] 11/7/2018 18:24

Yes for me also how many uk companies are sorted on their pension liabilities and now paying down debt which is at a very managble level anyway like Tate I would ask ,profit will increase with less to pay into pensions and reducing levels of debt it's far too cheap at this level

[philanderer] 11/7/2018 17:37

Only blue one for me today.

[wskill] 11/7/2018 16:15

Don't think this is the reason for the buying believe a merger or something will be announced soon even on days when the ftse is very weak Tate keeps rising due to the consistent buying.

[philanderer] 10/7/2018 10:16

Nafta deal possible, says Mexico’s new economy minister

Graciela Márquez optimistic as she prepares to take over tough talks with Trump team

[wskill] 26/6/2018 09:33

After all the downgrades tate has been very strong even on market falls is there a buyer mopping up the shares.

[philanderer] 21/6/2018 17:10

Not too bad , just a net -2.5p with the dividend stripped, out on a bad market day.

[philanderer] 20/6/2018 12:27

xd tomorrow morning for the 20.3p dividend

[philanderer] 13/6/2018 09:02

Another downgrade... Jefferies to 'hold' , tp raised from 665p to 700p

[philanderer] 13/6/2018 09:02

Another downgrade... Jefferies to 'hold' , tp raised from 665p to 700p

[philanderer] 12/6/2018 08:49

And that's a downgrade from Kepler this morning to 'reduce' tp 620p cut from 630p


Analysts at the broker said they found the longevity of the strong performance in the group's Sucralose and Commodities divisions "highly questionable"


Tate & Lyle PLC (LON:TATE) has been downgraded to ‘Reduce’ from ‘Buy’ by European broker Kepler Cheuvreux as analysts questioned its ability to beat a “peak-yearR21; performance in 2017/18.

Analysts at Kepler said: “Although we expect the current year to be quite similar EBIT-wise, we see big downside risks to the Sucralose and Commodities businesses (together c.30% EBIT) from 2019/20E onwards. We think the market misunderstands the dynamics there, and we are 10% below consensus EBIT numbers for 2019/20E and 15% for 2020/21E.

They added: “While Tate & Lyle’s share price responded very positively (+16% in two days) to a combination of: 1) full-year numbers; 2) the announcement of US$100mln in productivity improvements; and 3) 2018/19 3-4% EPS growth guidance, we feel earnings quality disappointed, as the longevity of the strong performance in Sucralose and Commodities is, in our view, (highly) questionable.”

The broker also predicted issues for the FTSE 250 agribusiness’ sucralose arm coming from China: “Multiple big Chinese competitors were out of the market for several months due to the implementation of stricter environmental laws, having had a clear distortive effect on the global supply-demand balance.”

Kepler also cut its target price for the firm to 620p from 630p, saying: “Based on our estimates, investors are already willing to pay for the potential of M&A/buybacks. Given the focus on operational performance in Tate’s remuneration policies, we do not believe a big buyback is likely. On M&A, we have our reservations regarding potential for value creation, given the transaction multiples seen in the sector.”

In its full-year results in May, Tate & Lyle saw its pre-tax profits rise by nearly a quarter, however its sales dipped slightly.

The group also said it would sharpen its focus on its beverages, dairy, and soups, sauces and dressings categories in order to boost profit growth.

The company added that a programme to simplify the business would be aiming to deliver US$100mln of productivity improvements over four years.

In mid-morning trading Tuesday, Tate & Lyle shares were down 2.7% at 660.6p.

proactiveinvestors.co.uk

[philanderer] 12/6/2018 00:06

Chances for a deal on NAFTA look to be lower after G-7 meeting