Treatt Share Discussion Threads

[jockthescot75] 13/5/2021 11:54

They've replied. Link is now on website.
[...]

[jockthescot75] 12/5/2021 19:24

Vprt- thanks. I’ve emailed them to find out anyway.

[srichardson8] 12/5/2021 11:12

This is all I can find on the co website this morning, the slide summary for 'major investors' - which is presumably what they are using for institutuional presentations this week



I look forward to the recording when available

[vprt] 12/5/2021 07:34

jock: Yes, that's my expectation based on what they said in the RNS yesterday:

"Analyst and investor conference call
A conference call for analysts and investors will be held at 9.00 a.m. today, 11 May 2021. For dial-in details, please contact MHP Communications at [e-mail]. A recording will be made available after the event."

[jockthescot75] 11/5/2021 21:06

Vprt- is the call intended to be listed on the Treatt investor relations section of the website?

[vprt] 11/5/2021 20:06

Beauuuuutiful margin expansion. A case study in what can happen when you achieve very fast growth (57% in the three "healtier living categories") in the highest gross margin parts of a business - which are becoming a larger and larger proportion of the total. And then also moving upmarket in citrus, lifting margins there as well...

The presentation to shareholders (the document) is on the website - highly recommended - but I have not yet seen any link to the recording of the analyst call which was promised (which I appreciate). Hopefully tomorrow.

Needless to say, but I'll say it anyway: Well done to everybody at Treatt!

[partridge1948] 11/5/2021 12:20

Very impressive half year numbers, particularly given the challenges of covid on some of their beverage markets, whilst also undertaking major build on new factory. Significant margin growth augurs well and they have a history of under promising/over delivering, so current optimism looks well placed. Always dyor.

[edwardt] 11/5/2021 07:56

adding another £2m to consensus or at least another 10% upgrade.

the coffee chat is properly exciting . no mention of veggie burgers.

the business is in the sweet spot.

[ayl30] 11/5/2021 07:05

Ahead of expectations, nice!

[edwardt] 27/4/2021 15:14

oh and health and wellness are more than a fad with the millenials. it is a way of life.

[edwardt] 27/4/2021 15:00

p/e's are a blunt instrument. the improving roce and new business verticals are all i can guess is making the business hum nicely at the minute.

[truffle] 27/4/2021 14:06

Quite happy to see the share price where it is.
But after such a rise over the past year and now trading at £12, no less, and a P/E around 70, it makes you wonder if there is something else we are all missing here?

[ayl30] 25/4/2021 10:18

Interesting news in Telegraph about potential break up of Tate & Lyle. Could be of interest here

[philanderer] 13/4/2021 00:36

Edison Investment Research

Treatt - Another strong update


Treatt has again delivered a strong performance across all its categories, with revenue expected to grow 16% at constant currency for H1. As flagged in the January trading update, the business is performing extremely well: its categories are meeting consumer demands for more natural, clean-label products and Treatt has won significant new business across a range of applications.

Gross margin has expanded due to higher growth in the higher-margin categories of tea, health & wellness, and fruit & vegetables, and Treatt’s transition to more sophisticated citrus products. Citrus revenue returned to modest growth after a decline in FY20.

The new UK facility is opening in April 2021 with commissioning of the machinery later in the calendar year, as planned. We leave our estimates unchanged at this stage, but believe the risk is firmly to the upside, given the positive momentum in the business.




DAVY VIEW

Treatt’s pre-close statement confirms a strong start to FY21, with H1 revenues expected to grow by 14% year-on-year (yoy). Growth is led by the group’s fast-growing and higher margin categories of tea, health & wellness and fruit & vegetables. Margin delivery across the group was strong.

Overall trading is in line with Board expectations with significant momentum in the business. As such, we expect to lift our FY21 PBT forecast towards consensus.

[edwardt] 12/4/2021 16:36

chick peas and lentils need flavours for sure or they taste like cardboard.

[edwardt] 12/4/2021 15:46

beyond meat a client?

[jockthescot75] 12/4/2021 09:02

vprt - likewise, it was the "flavours for meat alternatives" that caught my eye. A really interesting thought and I have to say one I hadn't considered. I'd be intrigued to know more about this and whether they see this as a next area of growth.

All very upbeat, (as expected really!)

[vprt] 12/4/2021 08:41

Half year TU today - my simple summary: "Everything is still going REALLY well".

I liked the last paragraph, showing the winning combination of strategy, culture and execution, as illustrated by the numerous positive developments in the statement.

Hospitality reopening is explicitly mentioned as promising, flavours for meat alternative protein sounds like a very interesting market (not sure this has been mentioned before?), and the fit-out of the new plant is proceeding well with some people moving in later this month.

Credible and conservative managers sounding very upbeat is encouraging.

[robow] 22/3/2021 13:41

Good to hear

[cfro] 22/3/2021 11:53

Anyone got their divi yet? Supposed to be 4.16p paid last Thursday.

II still not paid out.

Edit: II just paid now.

[edwardt] 19/3/2021 20:18

Market can smell the coffee here. Is it excitement about their ready to drink product per chance?

[partridge1948] 18/3/2021 14:53

Quite happy to see a contrary view if presented sensibly and mahammer is entitled to his opinion. Treatt have take a lot on with the new factory, but have already shown that they can manage such a project with similar but smaller expansion in the USA.The demand for their products, coupled with growth prospects once the new facility is up and running, encourage me to stick with it whatever the next year or two may bring - mahammer might be right in the short term (although I hope not) but I have held since 2003 and long term I believe TET will continue to be an excellent performer. Always dyor.