Share Name Share Symbol Market Type Share ISIN Share Description
Tate & Lyle Plc LSE:TATE London Ordinary Share GB0008754136 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.80 -0.27% 669.80 834,733 16:35:00
Bid Price Offer Price High Price Low Price Open Price
667.60 668.40 687.00 665.00 687.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 2,882.00 296.00 52.80 12.7 3,133
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:34 O 8,004 668.76 GBX

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Date Time Title Posts
21/9/202023:00Tate and Lyle Graph's and Charts3,463
22/5/201913:29Tate & Lyle FY Preview 23.05.19-
03/7/201409:18Darren Sinden bullish on Tate & Lyle PLC live on TipTV-
10/9/201305:52TATE sweet & sour103

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Tate & Lyle Daily Update: Tate & Lyle Plc is listed in the Food Producers sector of the London Stock Exchange with ticker TATE. The last closing price for Tate & Lyle was 671.60p.
Tate & Lyle Plc has a 4 week average price of 663.40p and a 12 week average price of 610.60p.
The 1 year high share price is 811.40p while the 1 year low share price is currently 498p.
There are currently 467,790,812 shares in issue and the average daily traded volume is 1,501,175 shares. The market capitalisation of Tate & Lyle Plc is £3,133,262,858.78.
philanderer: Carrying some weight by the look of it. Investec Securities: With the sharp move in the share price, we think the market needed to see more. We move to Sell with unchanged estimates and TP. We continue to think the biggest impact on the share price will be the execution of a successful Ingredients deal, as the company is too exposed to Primary Products, which drag on group growth. Tate now trades on 14.5x CY20E PE, a premium to nearest peer Ingredion and to higher growth mid-cap Consumer stocks such as C&C. This premium is unwarranted in our view, absent a deal. We move to Sell on valuation grounds, with a CY20E PE of 13.8x implied by our 760p target; this would still be at a premium to Ingredion. We await a better entry point or news of a deal.
philanderer: Liberum note: Earlier this week, the FT Alphaville blog cited unconfirmed market chat that Tate was subject to a potential takeover by private French food and industrial ingredients group Roquette Freres. According to the FT Alphaville blog “formal contact” was made and that provisional financing is in place. We subsequently heard further market speculation that a potential bid could come in the arena of 900p per share. We note that this is all entirely market speculation and that no formal offer has been submitted that we are aware of. Roquette is a leading global player in plant-based ingredients and new vegetable proteins. The group addresses provides ingredients for Food, Nutrition and Health markets and has around €3.3bn (£2.8bn) in annualized revenue and 20 plants around the world. We estimate that the company will deliver revenues of £2.8bn in FY’19 (March fye), adjusted EBITDA of £451m and pre-tax profits of £242m. Therefore, in our view, if a deal does ultimately materialize it may end up being more a merger of equals. As part of that commitment, the company is announcing a series of measures to continue to underpin long-term-value creation: On 26th April Archer Daniels Midland announced a major restructuring plan that will repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches as well as liquid feedstocks for food and industrial uses. This change will phase out production of high-fructose corn syrup at that facility as soon as committed deliveries are complete which should further reduce volumes and support HFCS pricing in the market. The group also intends to create an ethanol subsidiary which it may spin off to shareholders. ADM appears to be focused on creating a group more focused on value-add food, beverage and industrial ingredients similar to Tate & Lyle. Tate’s clear focus on lifting returns, cash flow and margins, especially in Food & Beverage Solutions is paying off. Food & Beverage Solutions volumes are now growing nicely, particularly in North America as Tate takes share. We expect Tate will show solid group and Food & Beverage Solutions EBIT margin expansion over FY19-20E driven by the group's 2020 ambitions. In our view, the market underestimates the scope of Tate's margin potential, which could drive strong upside risk to both earnings and the share price. Our benchmarking analysis with closest peer Ingredion suggests strong potential share price upside if Tate can approach Ingredion’s margin levels in speciality ingredients. We reiterate our BUY rating and 900p target price. Valuation remains attractive – Tate & Lyle trades on a cal’19E EV/EBITDA of 8.8x, an 8% premium to US peer Ingredion. On P/E basis, Tate trades on a cal’19E P/E of 14.5x. We expect Tate will continue to pay a progressive dividend and forecast another 2.5% rise to 29.4p in FY’19E, implying an attractive 4.4% cal’19E dividend yield. Reiterate BUY and 900p TP.
philanderer: Tate & Lyle PLC hopes to keep investors sweet Food group Tate & Lyle PLC (LON:TATE) will be aiming to keep investors sweet with a third quarter trading update on Thursday. In its interims in November, the group saw higher costs hold back profitability, so shareholders will be eying any mitigation or milestones in its cost efficiency programme, which is aiming to save £75mln over the next four years. Analysts at The Share Centre said that investors will likely focus on North America, the company’s biggest market, adding that “an amount of positive expectations” have been building as the share price has made steady progress and was outperforming.
philanderer: FT Alphaville.. BE The year-end corn milling price settlements are likely to be what defines share price direction over the next couple of months though. Jefferies and Cit comment..
bookbroker: Where is the takeover interest, Javed Ahmed has trashed the share price before leaving, and personally this company needs to be swallowed, thing is there are not too many takers, supposedly it has been strengthened and re-organised for the future, as the last statement purposefully stated but then why the price fall. I suspect that any interest will come from left side, but food ingredients not the most exciting arena, but hopes eternal that either they grow, how I do not know, or an opportunistic bid will emerge from the Far East!
yump: Nafta has been in the wings for quite a long time. The recent drop is as if there's been a big profit warning, whereas they are actually in line, despite investment slowing second half growth. In a positive market, that would have been an update to consolidate the share price, following by good noises about them investing for the future. Looks like people are jumping out of their skins, whenever anyone says 'boo' at the moment.
topdoc: Big boys probably want to drive this down to around 500 RSI now at 18 Take out as many stops as possible and then boom share price back up to 800p Same old same old
eastbourne1982: Bought in today at £5.69, these are in takeover territory now imho. £7.50 would probably take this out, given the share price was £7 only a few weeks ago that would be a decent buy for the buyer.
essentialinvestor: Hi Phil, little idea what to expect in terms of share price reaction. Depends what the market wants to focus on I suppose. Tend to trade this frequently as it moves around a bit!.
backpacker: The share price went down
Tate & Lyle share price data is direct from the London Stock Exchange
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