Treatt Share Discussion Threads

[partridge1948] 27/1/2023 18:36

Attended the AGM. New CFO reasonably positive about the cash position, which deteriorated sharply last year for several reasons. One of these was investment in working capital. High year end levels of stock/debtors are now beginning to unwind and debtor days outstanding has reduced. Looks like over hedging (expensive loss) on forex last year was combined with wrongly forecasting large hard tea orders in the USA which did not happen. Lessons hopefully learned? New factory now about 98% effective, so there should be material gains in logistics cost and production capacity this year. Cautiously optimistic about current trading, as per statement released and new board members enthusiastic about opportunities for the business. Left feeling fairly comfortable with what is a large holding for me, but always dyor.

[edwardt] 27/1/2023 08:22

they referenced improved margins from citrus which i assume is due to price increases so that should bode well. also good to have the new factory up and running properly.

[topvest] 27/1/2023 08:11

Only 3% at constant currency. Looks a bit lacklustre given the rate of inflation.

[cfro] 27/1/2023 07:19

AGM statement out. Q1 sales up 9% on the quarter.

[pedrolondon] 14/12/2022 12:36

Interested to learn, but why has Treatt had such a kicking ?!
I am wanting to hold because it appears Revenue, Gross Gearing, profit appear ok. Is it the dramatic Cash Flow drop ? I am aware of the new factory build.

[edwardt] 09/12/2022 11:46

New fd gets my vote - pretty impressive. Just shows renewed focus in a business is a must.

[cfro] 04/12/2022 11:35

Great Tomps2, thanks.

They hit the profits downgrade head on and talk in length about how they are addressing the various problems faced in August.

[tomps2] 02/12/2022 14:23

Treatt (TET) Full Year 2022 results presentation - November 2022

Treatt management, Daemmon Reeve, CEO and Ryan Govender, CFO present full year results for the year ended 30 September 2022.

Video:

Podcast:

[marcela9] 29/11/2022 22:12

nah…30+ future earnings…..forget it…..550 more like.

[viscount1] 29/11/2022 20:49

Underlying business looks good despite problems, and in particular they seem to be weathering inflation well which is what you want to see in a niche manufacturer.

Debt, cashflows etc. look manageable despite recent investments in plant.

Overall headlines did not look great, but looking through those to the operations there is a good opportunity to grow. Could also be a takeover target for their own customers.

I am keeping my holding.

[mr macgregor] 29/11/2022 20:45

I can tell you’re the life and soul of a party.

[viscount1] 29/11/2022 20:41

Liz Truss had nothing to do with it.

[topvest] 29/11/2022 18:12

The risk in FY23 is clearly around additional costs or disruption caused by the UK facility relocation of manufacturing. It looks like they might be running both factories for a transitional period. Outlook statement was also vague. Still on my watch list but too expensive given the uncertainty. Great company though.

[mr macgregor] 29/11/2022 17:17

Liz Truss.

[viscount1] 29/11/2022 13:28

They don't seem to make any attempt to explain the FX problem; i.e. what actually happened.

[c3479z] 29/11/2022 07:38

beverages and flavours said to be recession -resistant but probably not entirely?

[terminator101] 29/11/2022 07:30

27% reduction in profit. Dividend reduced. Downward trend will resume IMO

[cfro] 29/11/2022 07:22

Slight reduction in the dividend which is disappointing.

[coolen] 16/11/2022 18:45

Strange trade of 150,000 shares timed at 18.12 well after the close and struck at 665p, 10% above the closing price. Neither it is marked as a "delayed" trade from yesterday.

[coolen] 16/11/2022 17:06

Share price more bitter than sweet today: any reason ?

[edwardt] 25/10/2022 08:57

yes, if natural flavorings are more in demand.

[mahammer] 25/10/2022 07:25

Sugar tax ..now that's something I do agree with.Food manufacturers replace other ingredients with cheap sugar to boost profits ...and don't care about health!! Does this help TET?

[mahammer] 18/10/2022 19:54

China lockdown impact.
Old Winnie the Pooh in China seems to be doubling down on a zero Covid Policy despite the disastrous effect on the economy .
Surely this does not bode well considering China's enormous population and market size?

[firestorm911] 14/10/2022 12:29

Good shs.

Very good shs. It needs to go back to 1000p min, I said 4 digits.


Regards,
F911