Treatt Share Discussion Threads

[partridge1948] 04/3/2024 08:20

Croda results recently showed only division with decent sales growth last year was Fragrances and Flavourings. Trust that is a good sign.Hopefully Ryan Govender and Alison Sleight will do really well next three months - reassuring that today's announcement did not come with a profit warning.

[barnes4] 04/3/2024 07:58

Well that was potentially good timing edward

[edwardt] 04/3/2024 07:56

Looks like a good appointment

[edwardt] 01/3/2024 09:13

tbh the price should be irrelevant. you could argue it is less risky now given the large fall imho.

[barnes4] 29/2/2024 19:55

Just wondering why you were adding at this time

I am concerned about the fact this is dropping in value day after day and to add now seems a tad risky?

Thanks

[edwardt] 29/2/2024 17:36

all valid points. sometimes you have to hold your nose. for me, inventories should be a good way through and restocking will follow. just a hunch and agree the rating in hindsight got silly. if we are on a free cash flow yield of 7% with likely 3 to 5% growth this is a buy...

[essentialinvestor] 29/2/2024 17:21

cfro, thanks for the view - I would just add that for many years TET sold around 13-14X (from memory) - ZIRP altered this.

It's now a larger business and arguably also higher quality tbf.

[cfro] 29/2/2024 16:02

Fortune usually favours the brave, i have found that to be true through my experience.

I would be topping up myself if i only had the spare funds which sadly i do not.

The question you are all asking if there will be a profit warning is sensbile to ask. Going by the recent AGM update only a month ago it was neutral overall but signs of destocking coming to an end and they are anticipating a further improvement in net debt which is very encouraging..

My opinion then is that personally i don't expect a warning, but that said things could change later this year. If there were to be a warning i guess the question becomes how severe? I think in this regard we are pretty safe because i suspect it highly unlikely the PBT and eps will be knocked by more than say 10% or so at worse..

It all comes back to it's rating then which is currently about 18 times. Not cheap by markets standards but certainly better value by the companies historical standards and definitely quite cheap compared with sector standards..

[essentialinvestor] 29/2/2024 13:53

IF they warn, stress on IF, then this trades nearer £3 a share. Speculation on my part Only.

[barnes4] 29/2/2024 12:59

20 % drop in a month

[barnes4] 29/2/2024 12:56

This outfit is out of control and they need to get a grip very quickly otherwise we will be seeing a price with a 2 in it in short order!!

[pireric] 29/2/2024 12:37

I always like to use the method of "If there was no share price chart, would I still buy the stock here?"

I'd still be concerned that a profit warning would put this on 20x+ earnings, which while still a big discount to the other players in the industry, wouldn't likely be taken by the market well.

Nor is there a permanent CEO or CFO in place.

I suspect this is what the market is thinking, and hence hanging fire on.

Eric

[essentialinvestor] 29/2/2024 12:31

edwardt, i get the logic. But brave -
and that sometimes pays off.

[edwardt] 29/2/2024 12:27

sod it. i have topped up. nearly debt free - time will tell if good idea!

[barnes4] 28/2/2024 18:34

Being forced down

[barnes4] 27/2/2024 16:10

Truly awful outfit

[barnes4] 27/2/2024 16:10

Yep 3’s have arrived

[pugugly] 27/2/2024 16:04

barnes4- Your fear may be realised today - Over 780% of L2 bids start with a 3. Of the remaining every 4 is followed by a zero.

[barnes4] 27/2/2024 14:45

The next price will have a 3 in it am afraid

[essentialinvestor] 27/2/2024 14:14

* depends on the next update.

[pugugly] 27/2/2024 14:08

Now sitting on a 5 year low. Peg high as is forward p/e.
Any value left or reverting to normal after the Covid boost?

[barnes4] 19/2/2024 22:04

This is one piece of poo

It goes down e every day

I can see this becoming a penny share in the next few months

[essentialinvestor] 19/2/2024 21:32

Price is often well ahead of fundamental news still to come - whether poor news follows in this case .. we will know
on the next trading update.

[jolomo] 19/2/2024 13:21

Seems a good time for any new CEO to join as LTIPs hardly going to be challenging!