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Share Name Share Symbol Market Type Share ISIN Share Description
Total Produce Plc LSE:TOT London Ordinary Share IE00B1HDWM43 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 165.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 4,535.1 62.8 8.4 20.7 640

Total Produce Share Discussion Threads

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DateSubjectAuthorDiscuss
23/5/2008
08:07
Total Produce acquires 60% of two Dutch produce companies for up to EUR23 million Total Produce plc, Europe's leading fresh produce company, announces that it has entered an agreement to acquire 60% of Haluco B.V. and Nedalpac B.V. ("the Companies"). The initial cash consideration of EUR9.5 million is payable on completion and additional consideration becomes payable in 2011 if certain profit targets are met by the Companies during the three years ended 31 December 2010. The additional consideration will not exceed EUR13.5 million. The transaction is subject to the normal regulatory clearances. Headquartered in Bleiswijk, the Netherlands, the Companies are leading providers of fresh produce specialising in Dutch salad products, mainly tomatoes, capsicums and cucumbers which they supply to a range of customers across Europe. The Companies operate from extensive purpose-built facilities and employ almost 400 people. The Companies recorded a combined profit before tax of EUR5.5 million on turnover of EUR298 million in the year ended 31 December 2007 and will have net assets of approximately EUR7.5 million at completion. The Companies have average net debt of approximately EUR10 million. The Companies will continue to be managed by Mr. Jan van der Lugt and Mr. Iza Havenaar, the vendors, together with Mr. Johan Hensen and Mr. Harry Surminski. As part of the transaction, each has entered into a long term service agreement. Commenting on the transaction, Carl McCann, Chairman of Total Produce said: "The management team operate a large and successful business and we are very pleased that we have reached agreement with them and to join with them as shareholders in the Companies. This will further enhance our spread of business, and our product offering for our customers." Mr. Jan van der Lugt and Mr. Iza Havenaar, of Haluco Beheer said: "Haluco and Nedalpac are very happy to be joining the Total Produce Group. We expect that this new combination will provide improved added value to help us continue the process of developing our customer and supplier base." Total Produce expects the acquisition to be earnings enhancing from the date of completion.
gateside
04/3/2008
10:13
Total Produce 2007 results ahead of forecasts http://www.rte.ie/business/2008/0304/totalproduce.html Tuesday, 4 March 2008 09:48 Total Produce, the fruit and vegetable distributor spun off from Fyffes, has reported pre-tax profits of €33.2m for 2007, up from €18.9m in 2006. Revenues rose by over 30% to €2.4 billion. Adjusted earnings per share rose by 11.4% to 6.35 cent in 2007 from 5.70 in 2006. The figures were ahead of expectations. Total Produce said the majority of the revenue increase reflects the acquisition of Redbridge Holdings in January 2007 and the contribution of a significant number of bolt-on acquisitions during the year. Total said that the full year outcome for the produce division was 'satisfactory' despite poor summer weather and supply constraints in some key lines during the autumn and early winter. It added that weather conditions in the first half of the year were especially favourable for demand for its produce. The company said that trading in the year to date is in line with expectations and the board is targeting a mid-single digit growth in adjusted earnings per share for 2008. 'Total Produce will continue to pursue its plans to further expand and develop the group,' commented Carl McCann, the company's Chairman. Shares in the company jumped by 7% in Dublin trade this morning, rising by four cent to 61 cent.
gateside
28/2/2008
08:38
Good to see this ticking back upwards in the run up to results.
gateside
18/1/2008
20:06
MUMBAI (Thomson Financial) - India's Tata Chemicals Ltd is planning a major foray into the wholesale business of fruits and vegetables in the country through its 50:50 joint venture with Irelands Total Produce PLC called Khetse Agriproduce India, local business daily The Economic Times reported. The newspaper quoted Homi Khusrokhan, managing director of Tata Chemicals, saying Khetse will invest almost 7.5 bln rupees to set up 50 cash-and-carry distribution centres by 2012. Khusrokhan also said the venture would not enter into the retail business and may consider exporting the surplus fruits and vegetables produced in the country. The paper said the first distribution centre will be opened at Ludhiana in the northern Indian state of Punjab in April 2008.
gateside
30/11/2007
08:37
http://www.independent.ie/business/world/8364127m-plan-to-make-total-produces-india-venture-bear-fruit-1231942.html €127m plan to make Total Produce's India venture bear fruit Wednesday November 28 2007 Total Produce's joint venture in India is poised to invest more than €127m on a new network of 50 fruit and vegetable distribution centres. The Fyffe's spin-off is an equal partner in India's Khetse Agriproduce with Tata Chemicals. Tata Chemicals chief executive Homi Krusrokhan, confirmed this week that the chain was on target to be fully completed by 2012, adding that the first centre would open next April in Punjab province, with another due to open soon after in Mumbai. Each distribution centre would cost €2.54m, he added. Earlier this year, Total Produce and Tata Chemicals injected an initial €4.5m into the venture -- to enable funding of the first two centres, but the scale of the planned venture was not known until Mr Krusrokhan's comments. Total Produce chairman Carl McCann hinted at the time of the initial investment that the Indian business represented a significant opportunity for the company to build a "large and successful" operation on the sub-continent. Almost 40pc of fresh produce in India goes to waste, according to Mr Krusrokhan. He said this week that the new business might consider exporting surplus fruits and vegetables. The network is expected to increase efficiencies in the market, improve produce shelf life and reduce product loss in the supply chain. In September, Total Produce reported its first set of results following its demerger from last year from Fyffes. Revenue for the first half of the year rose 33pc to €1.22bn, while group operating profit increased nearly 15pc to €23.5m. Warm weather in northern Europe during the first half of the year boosted sales, but the group acknowledged that the poor summer in some areas had reduced demand for some products. In October, Total Produce entered into a joint venture agreement with Blackrock, another Fyffe's spin-off, to buy 135 acres of land in north Dublin for €25m from former Fyffes chairman, Neil McCann.
gateside
23/10/2007
14:55
Chart looking good now for a rise to mid 50s maybe even 60p over 12 months.
wipo1
17/10/2007
09:05
Full story... http://www.freshinfo.com/index.php?s=n&ss=nd&sid=43835
coincall
17/10/2007
08:56
Hi Gateside, I am looking to buy more TOT, solid in uncertain times. People will always eat!
wipo1
17/10/2007
08:06
Thanks for the info MrP Rather strange that TOT have not issued an RNS?
gateside
17/10/2007
06:47
Just spotted this article in Freshinfo News... Today's summary: Wed, 17 Oct Today's lead stories Total Produce buys Greenery UK wholesale business Total Produce has purchased the UK wholesale operations of The Greenery and reached an agreement to supply the Greenery's Dutch salads and vegetables to markets across the UK. Tue 16 Oct, 13:49 | More...
mrphil
17/9/2007
15:04
Total says talks with Iran on South Pars gas project still ongoing ANGOULEME, France (Thomson Financial) - It is unclear whether Total SA will be able to reach agreement with the Iranian government over the future of a huge liquefied natural gas development, whose projected costs have risen sharply, a company spokeswoman said. "The costs have gone up a lot and we are reconsidering this project," she said, declining to speculate on the chances of a deal being concluded. Talks between the two sides on the 15 bln usd plan to develop part of the South Pars LNG field have been ongoing for several months, the spokewoman added. But their profile was raised at the weekend when acting Iran oil minister Gholam-Hossein Nozari cast doubt on the project's future. The high rate quoted by the French energy group on marketing LNG from the project which would force Iran to "study the feasibility of this plan once again", the Financial Times quoted the minister as saying. His comments came amid rising tensions between the two countries, fuelled by remarks by French Foreign Minister Bernard Kouchner that the world should brace for a possible war over Iran's nuclear drive. The Total spokeswoman declined to speculate on the ramifications of the political spat. "We are still in the middle of discussions. If we reach (a deal) we will also take into account the political factors," she said. tf.TFN-Europe_newsdesk@thomson.com afp/ejp/jms/jms/dca
ariane
15/9/2007
11:09
FOCUS: Kazakh Resources Proposal Seen Aimed At Kashagan September 14, 2007: 12:27 PM EST ALMATY, Kazakhstan -(Dow Jones)- A plan to allow the Kazakh government to annul natural resources contracts appears aimed at pressuring the Eni SpA (E)- led Kashagan oil developers amid tense negotiations, rather than as a broad- based threat to energy and mining companies in the country, analysts and a person familiar with the matter said Friday. Yet one of the lawmakers who initiated the proposed amendment to the nation's natural resources law suggested the Kazakh government could utilize it more broadly to protect national interests if it's adopted. The proposed amendment, which would give the Kazakh government the right to pull out of natural resources contracts if there is a threat to national security and economic interests, is expected to be adopted in the next two weeks, Kazakh lawmaker Valeriy Kotovich told Dow Jones Newswires Friday. Kotovich said the government has already expressed its support for the amendment, which he said also aims to help Kazakhstan in its dispute with the Eni-led consortium developing the massive Kashagan oil field in the Caspian Sea. Kashagan is estimated to hold recoverable reserves of 13 billion barrels, and the Kazakh government has expressed its anger over the project's lengthy startup delays and soaring costs. Kashagan project operator Eni and fellow consortium members Royal Dutch Shell PLC (RDSB.LN) and Total SA (TOT) declined to comment on the proposed amendment Friday. Other members including ConocoPhillips (COP), Exxon Mobil Corp. (XOM) and Kazakh state oil and gas company KazMunaiGas, weren't immediately available for comment on the matter. Japan's Inpex Holding Inc. (1605.TO), also part of the consortium, didn't immediately respond to an e-mail sent outside of its business hours seeking comment. Yet a person familiar with the matter told Dow Jones Newswires the consortium sees the proposal as a way to strengthen the Kazakh government's hand in its talks with the group over Kashagan. Analysts point out that Kazakhstan has previously amended legislation in response to issues at individual projects. In 2005, when China National Petroleum Corp. bought Canada's PetroKazakhstan, the Kazakh government speedily adopted new legislation allowing the state the right of first refusal if any " strategic" mineral assets change hands. The latest proposed amendment doesn't appear to be a case of Kazakhstan following the lead of hydrocarbon-rich countries such as Venezuela and Russia, which have returned resources to state control to the detriment of some major international oil companies that had invested in them, analysts said. The Kazakh government "will use legislation to renegotiate" with the Kashagan consortium, said Jason Kenney of ING, though he added that he doesn't expect Eni to be removed from the Kashagan project as a result. Eni holds an 18.5% stake in the development consortium, the same amount as Shell, Total and ExxonMobil. ConocoPhillips has a holding of 9.3%, while Inpex and KazMunaiGas each own 8.3%. Eni is the sole Kashagan operator. Kazakh officials and the consortium developing Kashagan began talks Aug. 27 aimed at addressing the delays and soaring costs. The talks are scheduled through Oct. 22. On the day the talks began, the government suspended works on the Kashagan project for three months for alleged environmental violations and opened a probe of a company related to the project over allegations of customs-law violations. The Kazakh government has said it wants state oil company KazMunaiGas to share the operator role at Kashagan and has demanded "adequate compensation" for the delayed startup of production. Eni's latest estimate for the project's startup is in 2010. It had initially said it expected to deliver first oil from the field in 2005, before twice delaying the startup. The proposed Kazakh amendment indicates a policy "shift" as it points to the government wanting a greater share of profits from resources - currently hovering at or near nominal record price levels - and a bigger say in projects, but it appears to keep clear of potentially nationalizing assets, said industry observers. Renegotiation of contract terms for Kashagan isn't the beginning of a campaign of nationalism, but rather "economic pragmatism," said Kazakhstan's newly appointed ambassador to the U.S. Erlan Idrissov on Thursday. "This is another lever used to put Eni under pressure," a London-based analyst, who asked not to be named, said of the proposed amendment. The analyst also said he wasn't concerned this proposal would hit other companies operating in Kazakhstan or deal a blow to international investment sentiment, because the government will be looking at projects' performance. Other international companies with significant energy-resource investments in the Central Asian country include Chevron Corp. (CVX) and BG Group PLC (BRG). Both declined to comment on the proposal. U.S. oil and gas major Chevron is Kazakhstan's largest private oil producer, with a 50% interest in the government venture Tengizchevroil and a 20% stake in the Karachaganak field. Chevron is in the process of a major $6 billion expansion of the Tenguiz field, which is expected to boost oil production to as much as 550,000 barrels per day by next year from 300,000 barrels per day. BG operates the Karachaganak gas and condensate project with Eni. Analysts said that natural resources companies outside of the oil and gas industry may face less risk of Kazakh government interference in their projects if the amendment is adopted. Miners Kazakhmys PLC (KAZ.LN) and KazakhGold Group Ltd. (KZG.LN), for example, are both majority-owned by local businessmen with close government ties, analysts said. Kazakhmys couldn't be reached for comment. "KazakhGold has no reason to suppose it will be affected in any way by the measures being introduced by the government," a KazakhGold spokesman said. -By Liam Moloney and Kadyr Toktogulov, Dow Jones Newswires; +39 06 678 2543, liam.moloney@dowjones.com (Jeffrey Sparshott, Spencer Swartz and Benoit Faucon contributed to this article.) (END) Dow Jones Newswires 09-14-07 1227ET http://money.cnn.com/news/newsfeeds/articles/djf500/200709141227DOWJONESDJONLINE000729_FORTUNE5.htm
ariane
13/9/2007
07:33
Total Kazakh parliament studying bill to nationalise oil fields MILAN (Thomson Financial) - The Kazakh parliament is studying legislation that would give the government the right to nationalise oil fields managed by foreign companies, the Italian daily Il Sole 24 Ore said citing a draft of the bill. The amendment to the country's legislation on natural resources would enable the government to annul two to six month-long contracts if there has been a significant change in circumstances that affects the country's interests, and if no alteration is made to the terms of the deal, the newspaper said. The daily cited Elan Nigmatulin, a member of the lower house of parliament that drafted the amendment, as saying the bill is inspired by Russian, US and Bolivian legislation. The law, which will be retroactive, is already being examined in the lower house. If approved by the house it will be examined by the senate. The Kazakh government is currently in talks with Eni SpA regarding a dispute over the Kashagan oilfield, where Italian oil company leads a consortium developing the field in the north of the Caspian Sea. Kazakhstan has complained about the delays regarding the exploitation of the giant oilfield, which was initially due to start operations in 2005 and has been delayed to 2010. If the amended legislation on natural resources was in place the Kashagan dispute would already be resolved, according to Nigmatulin. The government has set a Oct 22 to reach a settlement for the Kashgan dispute. The shareholders of the consortium are Eni, Total, Royal Dutch Shell and ExxonMobil, with 18.52 pct each, while ConocoPhillips has a 9.26 pct stake, Kazmunaigaz 8.33 pct and Inpex 8.33 pct. philip.webster@thomson.com pw/ejp
ariane
05/9/2007
08:02
http://www.rte.ie/business/2007/0905/totalproduce.html Buys boost Total Produce's sales Wednesday, 5 September 2007 08:09 Total Produce, the fruit and vegetable distributor spun off from Fyffes last year, has reported pre-tax profits of €21.5m for the first half of 2007, up 13% on the same period last year. Sales jumped by 33% to €1.2 billion and operating profits increased by almost 15% to €23.5m. Adjusted earnings per share rose 18% to 3.62 cent. A dividend of 0.5 cent will be paid. The company said its sales were boosted by acquisitions. It added that costs and prices for its products both rose by around 5%, but there was good organic growth in some of its markets. As a result it has lifted its target for full-year earnings growth from a mid-single-digit to a high single-digit percentage. This is despite poor summer weather's reducing demand for its products. Total Produce said start-up losses from a joint venture in India with the Tata Group were as expected. The companies are setting up distribution facilities in India. The company also bought health food distributor Wholefoods Wholesale in July, adding to the purchase of UK firm Redbridge Holdings in January. It said these buys, along with future deals, would form the basis for future growth. Shares in Total Produce were up four to 70 cent in early trading in Dublin.
gateside
05/9/2007
08:00
http://www.ireland.com/newspaper/breaking/2007/0905/breaking20.htm Total Produce ups earnings forecast Total Produce raised its earnings forecast for 2007 after recording a 10.5 per cent rise in its first-half pre-tax profits that were boosted by its acquisitions. "While the unusually poor summer weather across northern Europe has reduced demand for some of our produce, trading since the period end has been in line with our expectations," chairman Carl McCann said in a statement. The company said it has raised its earnings-per-share growth target for the year from mid to high single digits, taking into account its better-than-expected first-half performance. Its pre-tax profit rose to €19.4 million from €17.6 million, helped by revenues that grew 33 per cent to €1.22 billion, reflecting the company's acquisition of Redbridge Holdings Ltd and the remaining 50 per cent of Lembcke last September. Total Produce announced an interim dividend 0.5 cents a share. Total Produce is a fruit and vegetable distributor spun off from Fyffes last year.
gateside
05/9/2007
05:50
Total Kazakhstan seeks 10 bln usd damages from Eni team over Kashagan delays LONDON (Thomson Financial) - Kazakhstan seeking 10 bln usd of compensation for economic damage from escalating cost and late development of the Kashagan oilfield, led by Italys Eni, the Financial Times reported. Eni opened talks last week with Kazakhstan about the dispute, which erupted after Eni presented the government with a revised development plan for Kashagan delaying first production until 2010 and doubling the cost of the first, 300,000-barrels-a-day phase to 19 bln usd. Meanwhile the Wall Street Journal quoted Eni as saying the talks are "open and constructive", and that all efforts are being made to resolve the dispute. Eni's head of exploration and production, Stefano Cao, was quoted as saying he is confident that all matters "will be addressed in accordance with existing PSA terms," referring to the consortium's current production-sharing agreement with the Kazakh government. Kashagan is one of the biggest untapped oilfields in the world, with an estimated 13 bln barrels of recoverable oil reserves. The consortium developing it also includes Exxon Mobil Corp, Royal Dutch Shell PLC and Total SA. tf.TFN-Europe_newsdesk@thomson.com jms
waldron
02/9/2007
09:09
thanks very much cosimodo. I think the market is cautious at the moment and not pricing in on growth estimates, probbaly wanting to see some evidence first before price moves up? Fingers crossed results are good on Wed 5th.
wipo1
01/9/2007
12:08
Wipo1 I think the Digital Look forecasts are generally OK. The covering analysts are from Dublin or Dundalk as Total is based in Eire.All the company reports are in Euros. The Aim listing is definitely a secondary one. The volumes traded here are about 16% of those in The Irish Stock Exchange. The prices when you convert to GBP are very similar varying by a few pence either way and average out even closer over time. I think in an attempt to produce an up to date foreword p/e DL have mixed currencies but have got the yield right. It is only a matter of taking the Euro share price figure from the Total Produce Web Site or multiplying the p/e by 1.47998. Hence Y/e 31/12/07 forecast p/e = 11.1 Y/e 31/12/08 forecast p/e = 10.7 I am hoping the share price will improve after a couple of annual reports have been published reducing uncertainty and providing a solid base for forecasts. The DL p/e ratios looked to good to be true for a company whose earnings should be fairly consistent.
cosimodo
31/8/2007
09:52
Cosimodo, thanks for pointing that out. Do you what profit forecasts and market cap in euros are then? I only bought a very small amount.
wipo1
30/8/2007
19:39
wipo1 Beware! Digital Look's forward p/e's for Total Produce are misleading they have mixed Euros and GBP. The forcast EPS are in Euro cents and they have taken the LSE share price price in Sterling. They were told in July. I nearly sold mine In April/May and possibly, had DL used the correct figures I might. I am sorry that I had not read this BB recently but felt it wise to respond anyway.
cosimodo
28/8/2007
06:20
Anybody out there who knows about Totaltrak? Nobby
nobbygnome
20/8/2007
05:29
Oil prices lower as Hurricane Dean veers from US coast for now Date : 20/08/2007 @ 04:55 Source : TFN Oil prices lower as Hurricane Dean veers from US coast for now SINGAPORE (Thomson Financial) - Oil prices fell in Asian trade Monday as energy facilities in the United States appeared to be safe for the time being from the fury of Hurricane Dean. At 10:20 am (0220 GMT), New York's main contract, light sweet crude for September delivery had fallen 82 cents to 71.16 US dollars a barrel from 71.98 dollars in late US trades Friday. Brent North Sea crude for October delivery dropped 92 cents to 69.52 dollars. "Its trajectory is proving to be far way south... it's becoming less of a worry for the oil market," said Tobin Gorey, a commodity strategist with the Commonwealth Bank of Australia in Sydney. "As the hurricane (threat) fades, they are focusing on the market turmoil," he said, referring to last week's turbulence in the financial markets, particularly equities, stemming from the troubled US subprime mortgage sector. The US Federal Reserve's move to slash its discount rate also calmed financial markets but there is still a "question mark over demand for oil," said Gorey. Oil traders are still trying to determine the fallout from the US subprime market crisis on economic growth which will subsequently affect energy demand, he said. In a move aimed at boosting the liquidity of commercial banks, the US central bank on Friday slashed its discount rate -- the short-term loan rate it charges banks -- by a half-percentage point to 5.75 percent. Meanwhile, Hurricane Dean unleashed the full force of its 230 kilometers (145 miles) per hour winds on Jamaica Sunday, after leaving a trail of destruction in the Caribbean where it killed at least five people. The US National Hurricane Center in its latest report at 0000 GMT placed Dean 115 kilometers (70 miles) southwest of the Jamaican capital, Kingston, and 425 kilometers (265 miles) southeast of the Caymans, and moving west at about 32 kilometers an hour. It holds the potential to become a category five hurricane in the northwestern Caribbean sea on Monday -- the top strength on the scale. afp/zr mb/zr
waldron
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