Total Produce Share Discussion Threads

[quepassa] 10/5/2013 12:15

An AIM listed Company with a TURNOVER of Euro2.81 BILLION ( yes 2.81billion euro ).

Dividend Yield 3%

PROFIT BEFORE TAX Euro 37 million.

Is this perhaps the biggest AIM listed Company that no-body has ever heard of?

With their growth and industry consolidation strategy, TOTAL PRODUCE ( jointly listed on Irish Stock Exchange and AIM ) is in a strong position to expand internationally.

If you eat fresh fruit and vegetables, you have without doubt eaten produce which has passed through TOTAL PRODUCE which has some 90 storage/warehouse distribution facilities in some 20 countries and is Market leader in UK, Spain, Ireland and Northern Europe.

Get to know TOTAL PRODUCE in less than 3 minutes:-

Watch this unmissable corporate video on TOTAL PRODUCE's website




ALL IMO. DYOR.

QP

[wexboy] 10/4/2013 03:40

2013 – The Great Irish Share Valuation Project (Part X)

I take a look at Total Produce, plus a batch of other Irish stocks:



Cheers,

Wexboy

[wipo1] 13/7/2012 12:36

I am a bit disapointed with the poor share price performance the last couple of months,drifting down on no news. Anyone any ideas, is it eurozone or just don't like a business with wafer thin margins? Wholesalers usually have small margins,although booker cash&carry seems to have had a re-rating of late.


Wexboy are you still in any thoughts?

p.s maybe eurozone(weak euro) no helping?

[wipo1] 14/3/2012 23:43

wow thanks for the info Grignor. Directors putting their money where their mouth is - thats what i like to see. This stock could be 50p and still not look expensive,If the market does not re-rate this stock then I am sure someone else will. even mbo possible?

[grigor] 14/3/2012 14:51

Some impressive director buys got my attention

[wipo1] 07/3/2012 09:51

thanks for the input wexboy, I think we will get up to 50p here slowly but surelly

[wexboy] 06/3/2012 12:17

Hi folks,

Take a look at my pre- and post-results blogs on Total Produce. Added to my TOT stake again ahead of the results, and the numbers didn't suggest any big change in my Fair Value Price Target for Total Produce:



Cheers,

Wexboy

[wexboy] 31/12/2011 13:38

Hi Folks,

I've included TOT in my Baker's Dozen for 2012 – see my latest blog post on:

wexboy.wordpress.com

Best of luck in the New Year!

Wexboy

[wexboy] 11/11/2011 14:30

Folks,

I've posted on here before, and just wanted to alert the board that I've just launched a new value investing blog. My most recent post is about, yes you guessed it...Total Produce! If you have a chance, please check it out, and if you like the blog any recommendations/referrals/links would be greatly appreciated! - here's the address:

wexboy.wordpress.com

Thanks & Cheers,

Wexboy

[coincall] 28/9/2011 08:52

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 07:42

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 09:07

thanks wex - sums it up me thinks

[wexboy] 19/8/2011 03:10

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 11:16

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

[wexboy] 25/6/2011 20:47

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 14:59

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 14:10

still waiting

[envirovision] 27/5/2011 12:52

Still waiting for mine not in TD waterhouse ac yet.

[hardupfedup] 26/4/2011 14:21

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...