Tate & Lyle Share Discussion Threads

[victor2] 05/2/2010 10:12

article in d mail mkt report saying harbinger capital has agreed to sell its 9.2% stake in tate and lyle to a russian industrial group at a decent premium to current share price

[jab118] 31/1/2010 17:42

Angel, over here now got some of these as well;-)

[jab118] 29/1/2010 13:45

Cash, excellent post.

You don't have get some stick on the Lloyds thread at times, however, I class you as a very intelligent individaul.

America GDP 5.7 % ,far cry from broken Britians figures



God help us

[madoff with cash] 29/1/2010 10:22

It wasn't a bad result but something to be expected. The revenue and earning is geared to increased industial activities in America. Of course, US is in a state of woe at present. But I don't believe it will remain so for ever. Another less attractive aspect is Tate's sweetners has no pricing power as it clearly comes under pressure from its key customers, the like of Coke and Pepsi. It is tricky to have a mega-big customers as they tend to get the price they want. The positive aspect is the impressive reduction of debt. At this rate, they should be debt-free by the end of 2011!!! That should support dividends..
I bought yesterday after the result at 391.7p. I'm expecting US industrial activities to recover soon and its FIAmerica will return to good growth. Secondly, I believe ethanol prices will recover in the next few years. That should help earnings too. Sucralose's margin may come down and I am discounting this already. But I don't believe it will collapse like Monsanto's aspartame. Still it's the only sweetener which preserves sweetness under high temperature. But of course whether that's the decisive factor for its user is irrelevant.
I'll sell if these three expectations are found not to be met. Javed Ahmed has good marketing experience from RB. I'll see which way he intends to take the company and decide whether to hold or sell. At present, I'm a holder and will remain so untill new negative events emerge.
And I have long believed Tate and Lyle with its attractive cash flow and dividend is a very very good takeover target. Monsanto, Cargill or even Coca-cola and Pepsi, not least private equities, are all likely candidates, even though the business has no significant competitive advantages, of the same level as Coke.

[deanforester] 29/1/2010 09:46

As the Director had no shares previously, I don't think he had any option but to buy some. Don't read too much into that.

[jab118] 29/1/2010 09:06

Makes one think slightly, down beat IMS but not the end of the world, then a down trend and then the director buys then up we go over 400p on open..

[jab118] 29/1/2010 09:02

Bear trap then Kamitora..;_)

[kamitora] 29/1/2010 07:29

TATE UBS: upgraded to neutral from sell

[jab118] 28/1/2010 17:40

Didn't put Mr Amhed the director buying today though, 100,000 @ 3.90.

[deanforester] 28/1/2010 17:01

The market obviously didn't like the IMS. One or two slightly discouraging phrases seemed to upset them. Pessimists.

[jab118] 25/1/2010 10:18

asong..

Not really into charts, but what's all those blue crosses and little green mole hills all about ?

[fxbond] 24/1/2010 20:19

Keep it sweet /Leave it alone ! Someone is ramping it for their winter holiday airfare.

[jab118] 24/1/2010 19:14

TATE & LYLE
The sweetener manufacturer has fingers in many pies, which gives it good diversity. Along with artificial sweeteners, it makes many other products including animal feed, sugar, jams and industrial starches. It is also one of the major suppliers of sweeteners to Coca-Cola and Pepsi.

It appointed a new chief executive last October who has been conducting a review of the group. He could be the driving force in any changes, disposals or sales at the company.

The share price hit a recent low last March at under 250p but has made a recovery and is currently just above 400p. Things did get a bit jittery with fears that sweetener prices have been falling which saw a slight dip this month.

Back in the halcyon pre-credit-crisis days of January 2007, a bid of 1,000p a share was rumoured to be on the cards from a private equity firm. The share price then was more than 700p. Today it could be seen as a bargain for a cash-rich predator.

EXPERT VIEW
Phil Spencer, equity analyst at Brewin Dolphin, said: "Tate & Lyle was a pretty obvious target for private equity take-up and this is still the case. I think they'd like to get their hands on the group and break up the divisions and sell them off. And it's a very attractive dividend payer which intrigues people."

THE NUMBERS
Tate & Lyle has been offering impressive yields for many years while continuing to pay off its debts. Its current yield is 5.6pc while shares are trading at 9.8pc its 2011 expected earnings. But Credit Suisse cut its pre-tax profits forecast on Tate & Lyle for the year to March 2011 by £20m to £240m

[jab118] 24/1/2010 19:12

FX... Yer tis !

If one seeks in the correct place, one will find.

[jab118] 24/1/2010 19:12

FX... Yer tis !

If one seeks in the correct place, one will find.

[fxbond] 24/1/2010 18:04

Good post jab. I reckon though that Tate is too diverse andparticularly specialised in so many different ways that requires a lot of expertise that they only know best. That is why they survive because they are so good at it and its just too much hassle for predators because they just want something easy and straight forward to make a quick profit or reduce competition. Furthemore if this company wants to pay shareholders a special divi to thwart a predator it can find the money !! I keep my fingers crossed it reigns forever!!

[jab118] 23/1/2010 22:26

Bloody hell you two should get together and write Cameron's speach for midday on Wednesdays, you two could rip Flash Gordon apart.... Up the Blues...'-)

[fxbond] 23/1/2010 20:28

Simply jab118 that you pay 20% tax on cash savings interest whilst ordinary taxpayer pays nothhing in effect on share dividend because of the tax credit. Labour might try to level this up so never vote for them. Sadly when the £ is weak we are vulnerable to foreign predators who want to take the profits from our companies. True they have to pay taxes to UK Govt and sometimes they they do have to invest. But often they have no money like Kraft or if they wanted Tate they would take the cash out of our country take away our dividends and give us stingy ones less witholding tax for their Governments. Foreign takeovers are the new Colonialism of sinking Britannia and c/o 'things can only get better' when New 'Labour' makes Britains slaves - the people like two Jags strip council tax from poorer areas in the south to send to their rat holes of northern constuencies -that they have made them.Yes Tate and Lyle we must keep and we must end the debasing of our currency that in past century's Chancellors were sent to the Tower for. One claims to have 'saved the world' when all he has done in his tenure is destroy our industry and ruin our currency indeed.