Total Produce Share Discussion Threads

[coincall] 28/9/2011 07:52

lucky punter,

Nice thought that we are now an oil co. but I think we are still doing the odd pineapple and veg supply here and there!

[lucky_punter] 28/9/2011 06:42

Deal activity to accelerate in East Africa as oil majors seek strategic positions
Citi's oil team, led by Michael Alsford, said deal activity will accelerate as the region's large potential resource base makes it a magnet for the large-caps with the financial firepower to exploit the true potential of the area.

[hardupfedup] 19/8/2011 08:07

thanks wex - sums it up me thinks

[wexboy] 19/8/2011 02:10

Total Produce is cheap (P/E 5.6 & 4.7% div yield) and safe (13.9 times interest coverage) - i guess the low multiple can be ascribed to zero eps growth over past few years, but on the other hand (esp. in this market) i think such consistent/stable eps delivery at least warrants a 10 P/E multiple - btw i don't hv a lot of respect for management (except if you compare them to Greencore management...), so i suspect we're really talking about a business that pretty much runs itself, something i like also -

taking another approach, i peg the true underlying operating profit margin (pre-amortization/exceptionals, and adjusted to reflect minorities) at 1.34% - this deserves a Price/Sales ratio of 0.125, but i'd tweak a little higher to reflect available debt capacity - based on latest FY EUR 2,600.5 mio revenues, i'd calculate fair value at EUR 362.4 mio -

putting all this together, i would average out at a fair value of EUR 0.89 per share, a potential 135% upside from the current share price -

i think value will out ultimately, it usually does in the end assuming there is no underlying value destruction - i was impressed with the 22 mio share buyback last nov (which shd improve CY eps by 6%), but otherwise management is failing on at least 2 obvious fronts: i) considering the low risk nature of the business, and available debt capacity, management shd be aggressively hoovering up small/private businesses on a regular basis (as dcc does in its energy business) and quickly doubling the acquired units' operating margins through cost elimination/economies of scale, and ii) the elephant in the room...finally figuring out it's time to reverse the Total Produce/Fyffes break-up - a nil-premium merger is the obvious way to achieve this and should easily yield 2-3 years of decent eps growth even if the underlying business remains unchanged

[hardupfedup] 17/8/2011 10:16

has anyone any interest in this share, interims coming soon, any opinions

[wexboy] 25/6/2011 19:47

that's correct, envirovision - dividend (EUR 0.01243 gross) is declared and paid in EUR, less 20% DWT (Dividend Witholding Tax) = EUR 0.009944 net

[envirovision] 17/6/2011 13:59

Hold on it was credited on 3rd but in Euros. I have been paid 0.9944 Euro cents per share.

Can anyone confirm if this is correct. Since the shares I hold are in sterling, I was expecting it in sterling and to be more than this.

[envirovision] 17/6/2011 13:10

still waiting

[envirovision] 27/5/2011 11:52

Still waiting for mine not in TD waterhouse ac yet.

[hardupfedup] 26/4/2011 13:21

ex div tomorrow

[geoffg] 28/2/2011 11:07

Might be something to say after the prelims' on 3rd March ?

[hardupfedup] 28/2/2011 09:09

hello anyone out there,any thoughts on this co

[keelingr] 05/1/2010 17:21

Thinking of taking a bite of this apple...

[k38] 11/12/2009 01:21

DO NOT post an article or comment on this thread:

[k38] 01/10/2009 18:39

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........ENJOY YOUR STAY :)





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2010 New start for LLOYDS horse ........... LLOYDS 2010 after the BIG CRASH

[lbo] 08/9/2009 09:21

Total Produce H1 results are resilient despite tough consumer markets and adverse FX movements in the period. Adjusted EPS is down just 0.7% to 4.06c on revenues up 1.2%. The key elements in the results are : 1) Positive profit traction from the Dutch acquisitions completed during 2008, offset by an FX drag from weaker currencies in the UK, Sweden and the Czech Republic. As a result EBITA is down 4.7%; 2) Contributions from JV's and lower interest costs helped limit the damage at an EPS level to -0.7% which contrasts with consensus FY forecasts of a 10% drop in earnings; 3) The dividend has been maintained at 0.45c which suggests a FY payout of 1.7c remains on track; 4) Net debt has risen from €80 to €82m. Working capital movements will unwind this to about €60m by year end; 5) Earnings guidance for the FY remains unchanged at 5.5c - 6.5c. Our existing forecast of 5.3c will be rising as a result of the numbers.
• TP remains cautious into the second half with important selling periods (eg melons Christmas) to be completed and given its exposure to difficult consumer markets such as Ireland, UK and Spain. Nonetheless, these numbers underpins existing guidance which implies a PER of 6.5x, dividend yield of 4.4% and an EV/EBITDA of 5x. Amid strong equity markets that have propelled valuations in general, TP numbers remain attractive despite doubling its share price in the past 4 months.

[k38] 04/8/2009 11:15

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[k38] 04/8/2009 11:09

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[k38] 29/7/2009 17:10

200.000 undated 20p...worth up to £ 50.00...no more!




2008 IS EXTREMELY COMMON!! 20 million plus in circulation.