Tate & Lyle Share Discussion Threads

[philanderer] 26/4/2021 14:00

cfro, thanks. I'll keep TATE on my watchlist.

[cfro] 26/4/2021 13:28

Sorry to see you go philanderer and will miss your news and updates you post.

Think there is a lot more to go for and worth hanging around for. If they do end up selling the primary products division then expect a return of cash to shareholders in either increased dividends and/or a special divi.

Then, as i elude to in my previous post, its what exciting growth and potential could come next as management concentrate on the faster growth elements on the business left. The food and beverages solutions division offers high growth and subsequently a much higher multiple of earnings (per) would be deserved.

...Or there might be an outright bid for the whole company...

[philanderer] 26/4/2021 11:21

I'm out for now.

Luck to all holders.

[philanderer] 26/4/2021 11:13

DEUTSCHE BANK RAISES TATE & LYLE PRICE TARGET TO 730 (700) PENCE - 'HOLD'

[leadersoffice] 26/4/2021 09:04

If nothing else it's just worth being here for the divi. Always been disappointed in the sweetness business.... there was such fanfare when they launched Splenda , Sucralose but it's been more of a damp squib. However I remain invested. Never know could be a takeover target.

[wad collector] 26/4/2021 08:38

Sometimes tempting to take quick profits with this sort of announcement on the basis that the share price often sinks back soon , but given that it has not risen much , and it seemed a good hold last week, time to sit on hands for me.

[paulisi] 26/4/2021 08:07

Markets like the news up 5%

[cfro] 26/4/2021 07:26

Looks like the management are attempting to streamline the business, similar to what they first did back in 2010 - could be a brilliant move as long as the price is right for shareholders.

Will then enable them to invest in the faster growing segments of the business creating a much more dynamic company.

[philanderer] 26/4/2021 00:11

"Tate & Lyle confirms it is exploring break-up"


Tate & Lyle this afternoon confirmed that it had put its Primary Products division up for sale after reports it was mulling a break-up of its operations.

In a statement, the firm said: “Tate & Lyle continues to successfully execute its strategy and remains confident in the future growth prospects of the company.

“However, the Board believes that if a transaction of this nature was completed it would enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities and create the opportunity for enhanced shareholder value.

“Discussions with potential new partners in the Primary Products business are at an early stage and therefore there can be no certainty that a transaction will be concluded.”

The firm, which is 100 years old this year, is one of the best-known names in British industry, and a constituent of the FTSE 250 index.

The Telegraph, which first reported the potential sale, said that the auction could be worth up to £1.2bn.

It added that US private equity giants Apollo Global Management and Cerberus had held talks with Tate & Lyle over the sale.

In 2010, the firm sold off the sugar division that made its name – and owns the famous Golden Syrup brand – for £211m.

The “primary products” division, which took £1.8bn in revenue last year, makes commodities like artificial sweeteners and industrial starches.

[cfro] 25/4/2021 22:24

We will have to see what happens next but im not sure a breaking up of the company is in the best interests of shareholders - (but that said there are faster and slower areas of growth across various divisions).

A bid for the company as a whole would not surprise me.

[ayl30] 25/4/2021 10:17

Could be interesting with Treat overlap markets

[pete160] 25/4/2021 09:48

As you say, tomorrow will be interesting.
I wonder what has brought this on? Perhaps they been sounded out by a prospective buyer with a juicy offer or an alert that an activist investor or bidder for the whole is in the wings?

[philanderer] 25/4/2021 00:27

Could be interesting monday morning...


Tate & Lyle bids to break itself up

The firm has kicked off a £1.2bn auction for its "primary products" division

Tate & Lyle has begun sounding out bidders as one of the most famous names in Britain’s food industry prepares to be broken up.

The former FTSE 100 firm, best known for the sugar refining business that it sold off in 2010, has kicked off a £1.2bn auction for its “primary products” division, according to City sources.

[wad collector] 29/3/2021 09:54

Or putting it another way ..."How to eat like an American"

[wad collector] 22/3/2021 14:36

This looks promising this afternoon , looks like heading to a 1 yr high soon.

[cfro] 04/3/2021 11:58

Worth remembering that the valuation is still cheap here with a forward pe of only 12.5.....and that is measured against eps and pbt forecasts that are almost certainly on the low side and most likely then will be upgraded.

TATE is much more than a boring old defensive company now too with a strong focus on food science it is leading the way with more healthy sugar based products. That is where the future growth is and is therefore argued that a higher premium rating could be justified too.

[wad collector] 04/3/2021 11:33

Ah , an optimist! Let us hope you are right and that the road out of covid does not have any more surprises. I am happy to hold these , seem a low risk earner.
Mind you ,a quick 25% not to be sniffed at.

[rcturner2] 04/3/2021 08:44

I sold out yesterday, I have had a good run from 600p. I don't see the need to hold a defensive stock like this any more.

[philanderer] 25/2/2021 18:21

Tate & Lyle Launches New Digital Nutrition Centre

[wad collector] 25/2/2021 15:32

From Motley Fool FWIW
I like Tate & Lyle because it offers all-round value. The food ingredients manufacturer trades on an undemanding forward price-to-earnings (P/E) ratio of around 14 times. This is based on City expectations that annual earnings will rise fractionally in the current financial year (to March 2021). It sports a chubby 4.2% dividend yield too. I think this UK share’s essential products make the company a great defensive buy in these troubled economic times. That’s not to say that the Covid-19 crisis doesn’t present some risk, however. Further lockdowns could continue to damage the revenues at Tate & Lyle generates from restaurants.

[wad collector] 11/2/2021 17:41

Yeahbut its still a lovely pile of tapioca.

[rcturner2] 10/2/2021 18:54

It isn't "another acquisition" it's the completion of a previously announced deal.

[cfro] 10/2/2021 18:08

Missed this late morning news, agreed nice acquisition in Thailand.

[spoole5] 10/2/2021 13:48

Another nice acquisition in emerging markets.

[wad collector] 04/2/2021 11:50

You can have mine for 999p.