Tate & Lyle Share Discussion Threads

[essentialinvestor] 25/11/2021 13:20

Sal, given that TATE will be debt free, combined with the valuation case
I've briefly mentioned above, would hope downside is limited from here -
unless wider markets sell off. But never say never, etc.

[salpara111] 25/11/2021 12:00

Recently took a stake at 675, a little disappointed with the renewed weakness.
The near future looks pretty good but I guess the market is just saying that it remains to be convinced which is a similar scenario to other stocks I currently hold.

[essentialinvestor] 25/11/2021 11:10

Market cap bang on £3 BN now, £500 million of this back on the capital return
in H1 2022. FY final divi around then for approx 11 pence a share

That leaves a £2.5 BN valuation for a business that on FY '23 PT current consensus
may make £230 million - Not including potential future dividends from the
primary products JV, of which Tate own a 49.9% share.

On the eventual primary products jv sale, hopefully another £500 million at least on realisation value.


Looks reasonable medium term risk/reward, lets see.

[spoole5] 25/11/2021 10:27

Same with all consumer staples atm, they will have their time when inflation eases back

[essentialinvestor] 25/11/2021 10:06

rogue, are you telling me the chart looks like a car crash technically!.

If you keep chasing ambulances you eventually end up in A&E.

Hopefully not in this case.

[essentialinvestor] 25/11/2021 08:43

Up to a full holding now, luck to holders.

XD.

[tornado12] 25/11/2021 08:42

I sold last week. See to much uncertainty here regarding future EPS and dividend. Should be a FTSE 250 stalwart payer but the change in strategy puts this progression in doubt in near term. Will watch and see how it pans out in 2022 GLA

[essentialinvestor] 24/11/2021 14:47

Weaker than a worn out rubber glove ATM!.

XD Tomorrow.

[spoole5] 24/11/2021 13:44

Is this the most hated stock in the 250? Even decent results can't put a floor under it.

[essentialinvestor] 22/11/2021 17:16

May be, a tough market over the last week or so.

[spoole5] 22/11/2021 16:51

About to retest lows?

[essentialinvestor] 18/11/2021 07:29

Luck with your holding, should do nicely on a 2/3 year view.

[gp1948] 10/11/2021 09:54

Been watching for a while and bought in yesterday EI

[essentialinvestor] 10/11/2021 09:34

Getting some interest, nice.

[gp1948] 10/11/2021 09:13

TATE seems to have broken out of the downtrend it's been in for the last 6 months.

[essentialinvestor] 08/11/2021 11:32

On a longer term fundamentals view the current price arguably looks attractive.

FY 2023 estimates at approx. 16 X earnings, Kerry Group on 27 X.

This takes no account of any future dividends from Newco.


Perhaps a template for a newly focussed TATE

[essentialinvestor] 08/11/2021 11:14

I limit trading to 25-30% of a holding.

Have added back what I sold at 6.82.

[cfro] 08/11/2021 09:12

Nor the luck EI which is what trying to trade these large cap set's traded stocks basically is. Charts dont work when algo's and hedge funds are driving price.

[spoole5] 08/11/2021 08:07

Most of the gains on the excellent results lost. Market really does hate this stock!

[essentialinvestor] 06/11/2021 13:33

Tate has clearly set out what will happen post transaction,
there is no ambiguity.

However, this is not 100% until the agreement to sell 50.1% of primary products
completes. on track for Q1 2022.

[tornado12] 06/11/2021 09:18

If they do not give any special dividend as suggested in July then near term seems a negative impact on share price and dividend. For me is not clear to me if any special will arrive !!??!

[essentialinvestor] 05/11/2021 16:11

Been mentioned elsewhere the newly focused TATE could be an early stage Kerry Group.

They have very similar operating areas. Kerry has been a stunning multi decade
investment.

[essentialinvestor] 04/11/2021 18:17

If you look at the presentations slides to accompany the analyst call on the IR site,
the CFO is clearly named as a presenter alongside the CEO,
yet is was just Nick on the call.


So whatever happened looks sudden and unexpected.

[essentialinvestor] 04/11/2021 18:00

torn, yes as a share consolidation - detailed in the documents published recently.


Hopefully longer term is looking better following today's update,
whether the share price gives back some of today's gains, let's see.