Share Name Share Symbol Market Type Share ISIN Share Description
Treatt Plc LSE:TET London Ordinary Share GB00BKS7YK08 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 614.00 598.00 606.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 112.7 12.5 14.9 41.3 366

Treatt Share Discussion Threads

Showing 426 to 448 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
So right PARTRIDGE...........a steady growth share and business.
Agreed. Told my (adult) children that barring unforeseen circumstances to keep these in their ISAs for at least 10 years. Currently working from I think six different (and rather tatty)sites on small industrial estate, so operating efficiency gains should be significant in the new purpose built facility, irrespective of other benefits.
Yes, solid, resilient and reassuring. Glad to see construction on track and budget. They are building for several good reasons, including expected continued revenue growth and to make production more efficient (reduce COGS, improve GM). I am in firm "long term hold" mode and try to look through to 2022 or 2023 when they are operating using the new site only, with cutting edge equipment, simpler processes, gradually shifting the product mix towards higher margin, and with room to scale - hopefully with operating leverage to come through in the following years.
Pretty impressive TU in my view, given that some product goes to beverage trade impacted by covid19. Profit forecast to be at pre covid estimates as they move to some lower revenue but better margin products. Still net cash (just) after substantial cap ex on new UK factory - construction delayed by covid earlier in the year but on budget and now due for completion next Spring. Not cheap, but quality comes at a price. Always dyor.
£6 well broken, new all time high... Has anyone seen any news / explanation?
Silence is golden.....just like this share!
Problem is I am waiting for a decent dip but I am running out of breath.
At 30 x earnings, the share price is fully up with events. Just my opinion...
The definition of tepid. Don't expect much of a move from here, IMO.
Blackrock increasing
Trading update shows what a first class business this is.Not many can say Cv-19 has had little or no adverse effect. New build understandably delayed, but should not affect ability to meet customer demand in the short term at least. Locked away in the ISA.
On the watchlist now Hope to build a position over time for the long term Clearly a well run business
Thanks for the above, interesting and helpful. The company appears well managed with a clear plan and objectives and the new building should be a real positive in developing the business over the next 2/3 years. There seems to be no reason not to remain a long term investor here. AIMHO
Fairly upbeat tone at the recent AGM. Took the opportunity to drive past the new building - looks a massive shed on a site around 9 acres, with huge crane putting in roof insulation last week. It will replace existing 6 buildings when finally up and running. There is plenty of room to grow further if needed (wouldn't that be nice!). Very muddy, as might be expected this winter, but so far on schedule for completion of the shell late summer and fitting out by the end of the year. CEO at pains to point out that last year's result was particularly creditable given the collapse of the orange oil price, now stabilised and they see plenty of opportunities in the beverage arena, with cold coffee potentially quite a lucrative market for them.Two presentations by ladies on their staff, one on the new build and one on the culture, who were clearly proud to work for the organisation. 2020 will be challenging for TET in different ways from 2019, in particular managing the new build,but if they do it well (and similar but much smaller project in the USA went OK) then prospects for the next few years imo look very bright. Always dyor.
Nice to see £5 again, and 517p intraday must be an ATH or thereabouts? Superficially it is now trading at a high rating given modest recent growth, but I am comfortable holding given: (1) high quality - steady, revenue from many sources and of a recurring nature (mostly drinks), trusted with great culture, nicely profitable, backed by favourable trends and scaling up capacity; a company I have confidence in for the long term (2) that I have decided to hold it for the long term (run my winners, compound etc), so must be patient and try to resist the temptation to slice (it is my #1 holding) (3) 2019 was badly affected (i.e. profits reduced) by citrus oil price declines (which hurt when holding a lot of inventory, which Treatt does) - this is likely to not reoccur (at least not on the same scale) in 2020 (4) having now re-read the outlook statement (25 Nov and the AR; see below) I was struck by the (for a conservative and credible board) upbeat tone and the explicit use of the word "optimism" Extract: "Outlook The next year will see us capitalising on the benefits of our enhanced facility in the US and completing our relocation in the UK, scheduled for late 2020. Both are major milestones in Treatt's development, and we are excited about the opportunities they open up. Ongoing consumer trends that favour innovative, natural and authentic flavours will continue to underpin demand for our expertise, and the recent launch of our coffee proposition adds a further pillar to our offering for both existing and new customers. While we are not immune to the geopolitical challenges posed by factors such as the US-China trade dispute or the UK's relationship with the EU, our operating model gives us flexibility to optimise variables across production, tariffs, exchange rates or other relevant metrics between the UK and US. With our expert teams, our work to enhance our operational capabilities and our product innovations the business has never been stronger, and we look forward with optimism." Any other comments, anyone?
Positive write up in today's Weekend FT with a buy recommendation.
My highlight notes if you don't have time to read the report in full *In spite of a material reduction in profits from our citrus category (down by £1.8m) and the impact of foreign exchange (a loss of £0.8m), the business has successfully grown its revenue and profits, underpinned by the very encouraging 16% growth in our non-citrus categories. *Return on capital employed increased to 19.0% (2018: 18.5%) *Following the decrease in net finance costs, interest cover for the year before exceptional items and discontinued operations increased to 67.8 times (2018: 24.6 times).(N.B. this will deteriorate as loan facility is tapped) *The proposed final dividend of 3.80p per share (2018: 3.50p) increases the total dividend per share for the year by 7.8% to 5.50p, representing dividend cover of 3.2 times *The overall cash performance for the year showed a marked improvement in working capital as inventory and receivable levels were reduced. Consequently, the Group's total net cash position improved by £5.9m to £16.0m (2018: £10.1m) *As explained above, the Group currently has a net cash position. This is due to the fact that the major expenditure on the new UK facility has yet to commence, with only the land (£3.8m) and some preliminaries (£3.7m excluding non-cash items) having been incurred to date. (Crudely it looks like another £32mn required for UK site completion and removal) *We expect the project to be completed in late 2020, with occupation shortly thereafter, and the cash outflows for the project are expected to result in rolling net debt to EBITDA ratio peaking at less than 1x EBITDA.
Results were pretty decent, as ever. Dividend was ahead of what I had expected so bodes well for the current year.
Treat Down ? why? what happened?
Which is why Investors Chronicle rate it a buy this week Happy to hold here
Investors Chronicle agree too, which is why they rate it a buy Happy to hold here
I am happy to see strong (16%) growth in non-citrus revenues, in-line profit expectations and confidence in the new financial year in today's trading update.
Don't agree with your comments which make no sense. Exactly 30 months ago the price was around 2.75, so although it has remained stable for the past two years there has been a substantial increase from 30 months ago. Also, there is no reason so far as I am aware for the company's turn-over and profitability to be affected by the new factory. Quite the opposite I would have thought which is why they are building it.
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