Total Produce Share Discussion Threads

[badger8888] 22/6/2021 10:26

If it doubles again within 2 years I will be out. There is a time to take your winnings.

[valueye] 22/6/2021 09:51

@QuePassa - I think this doubles again once it lists on NYSE - look at how Mission Produce re-rated after just months after it listed in October last year.

And it's worth pointing out the contrast between Mission Produce, a small, niche avocado producer vs. Dole Plc as a vertically integrated global market leader in waiting.

[hammonkp] 19/6/2021 22:47

Thanks badger8888 for the information - much appreciated.

[badger8888] 19/6/2021 20:37

hammonkp, like you I hold my shares in cert form. I raised a few points with Total and the following is taken from their email.

As you have correctly noted all shareholders on the Company register at IPO will participate in the share for share exchange. This means that shareholders will receive one share in Dole plc for every seven shares held in Total Produce plc. The share exchange will happen automatically and you do not need to take any action . We do not anticipate that shareholders will be required to return their Total Produce share certificates but we retain the right to request their return. Post the IPO Total Produce Shareholders who hold their shares in certificated form will be entered into the book entry records maintained by Dole plc and so you will not receive a Dole plc share certificate, but Computershare as the Transfer Agent will record such shares in the book entry records of Dole plc. This means that your shares would be recorded on the register and you will receive confirmation that this is the case. Your rights as a shareholder, to the extent possible, will be identical to the rights attaching to a physical share certificate.

[badger8888] 18/6/2021 11:36

By the way the new web site is www.totaldole.com

[badger8888] 18/6/2021 10:37

For what it's worth positive comments from Goodbody this morning. As always "Free Advice" https://www.goodbody.ie/goodbody-morning-wrap

[hammonkp] 17/6/2021 15:40

Just asking - I've got these Total Produce Shares in certificated form (came out of the Fyffes split around 2006) and never got round to transferring online. If I let it run through to the completion on the Dole transaction any ideas what will I get as a replacement holding and in what form? Or would you suggest I off-load beforehand.

[badger8888] 16/6/2021 15:39

€2.61 close in Dublin.

[badger8888] 16/6/2021 09:56

Excellent well though out article, strong argument for substantial re-rating in the next 24 months. I had an exit price in mind it just went higher.

[valueye] 15/6/2021 20:57

@18BT - thanks for reading and for the feedback.

@QuePassa - as 18BT says, this is a long-form write-up, 7,000+ words plus charts and tables so not going to paste here. The link is a substack newsletter site which is safe, but up to you whether you want to read.

[18bt] 15/6/2021 07:01

Valueye - a good write up - thanks. QP I've tried the link and it looks sound to me, but your risk. It's very detailed and includes lots of tables so won't cut and paste well.

[valueye] 14/6/2021 13:53

Hi all, new to the forum here.

Just posted a long-form write up on the Total Produce/Dole opportunity here -

hxxps://valuesits.substack.com/p/total-produce-plc-dole-food-company

Based on US listed peers, I think this could re-rate to the equivalent of €5.28 per current TP share within next 12 - 24 months post IPO.

Mission Produce listed at 11x last year, and 4/5 months later it re-rated to ~15x.

Significant upside here with TP in my opinion.

[badger8888] 08/6/2021 14:40

Mission Produce flying, US$22.10 just now.

[badger8888] 27/5/2021 15:34

What a day! Closed at E2.60. All-time high.

[badger8888] 25/5/2021 07:45

Just now E2.48 in Dublin which should be £2.1415. All-time high E2.57. Based on 1 for 7 the US Price would be $21.3528.

[badger8888] 19/5/2021 17:07

I had a quick read of the docs, for every 7 shares we get 1 of DOLE Plc. Based on today's closing price of E2.40 each new share will be worth US20.50. The minimum listing price has increased from E2.15 to E2.17 due to currency fluctuations.If anyone has a better read please post. GLTA

[badger8888] 19/5/2021 07:35

Dole will list on NYSE late July.

[valueye] 18/5/2021 19:54

Closed at E2.42 today in Dublin - strong rally in last 2 weeks; must be an update coming, anyone any thoughts?

Also, doesn't seem to be much analyst coverage of this name either?

[badger8888] 18/5/2021 11:39

Just under 1 million shares traded in Dublin by 12:39

[badger8888] 13/5/2021 15:22

Dublin off 80 points and we are up, E2.32 just now. Just a reminder, the all time high was E2.57 around the time Fyffes was taken out.