Treatt Share Discussion Threads

[phillis] 14/5/2024 12:27

They said they got the FX wrong - eventually

[viscount1] 14/5/2024 10:19

"Your answer is there"

This is the same company that managed to hedge its FX in the wrong direction. I don't believe everything they say.

[partridge1948] 14/5/2024 10:11

March was record sales month. Cash generation normally a strong point. They are a small player in a huge market. With capacity at new facility to more than double output, with room for further expansion if needs be, I hope (barring a silly offer well north of £10) they do not get taken over.

[phillis] 14/5/2024 10:10

“Reflecting the strong finish …”

Your answer is there

[viscount1] 14/5/2024 09:40

"Net cash generated from operations was £5.8m (H1 2023: £9.4m inflow) after a working capital outflow for the Period of £3.4m (H1 2023: £0.6m inflow) which was driven by an increase in receivables (£4.9m), reflecting the strong finish to half year trading."

4.9M is a big receivables build hitting cash flows. Hopefully good news (good sales) rather than bad news (poor cash control).

[viscount1] 14/5/2024 09:03

I keep hoping they will get bought out.

[edwardt] 14/5/2024 08:30

compared to the old cfo it is night and day

[cfro] 14/5/2024 08:29

Ryan has proved to be more than capable, very impressive actually. When David Shannon starts in just a couple of weeks time they should make a formidable team..

[phillis] 14/5/2024 08:22

Vulnerable to foreign takeover

[edwardt] 14/5/2024 08:18

3 times divi cover and projected revenue growth of 12%+ - not too shabby.

[partridge1948] 14/5/2024 07:28

Agree cfro. No nasty surprises and looks well placed to grow if new CEO performs as well as CV suggests he might. Credit due to Interim CEO/CFO for keeping the show very much on the road during a difficult period. Modest increase in dividend a sign of confidence.Happy holder.

[cfro] 14/5/2024 06:27

Very "steady as she goes" results i would say with overall much more positive noises.
The business will be handed over to the new CEO in very good shape and will be a good base on which to build from..

[edwardt] 08/5/2024 10:43

Share price fallen asleep

[barnes4] 22/4/2024 09:45

Shut your face

[cestnous] 22/4/2024 09:21

It’s Barney’s nature to be caught short edwardt

[barnes4] 18/4/2024 11:49

Afraid so
Caught me out this one but still time yet

[edwardt] 18/4/2024 11:40

Still short barnesy?

[edwardt] 15/4/2024 16:39

thanks - clearly a similar sized outfit and i guess the premium for full control is at normal takeover levels these days. at least a positive that there are buyers out there for these type of assets

[ottrott] 15/4/2024 13:39

Glanbia paid $300m, Flavor Producers adjusted EBITDA $19.7m for 12 months to 2/24, in comparison TET current valuation £285m adjusted EBITDA £25.9m FY24 estimate. So Glanbia paid roughly 36% over TET valuation.

[edwardt] 15/4/2024 12:40

Anyone seen comment on valuation paid..

[deanowls] 15/4/2024 09:35

Weird autocorrect sorry. Glanbia

[deanowls] 15/4/2024 06:28

Good underpinning of the valuation with the take o er of flavor products by gpa via this morning.

[edwardt] 11/4/2024 08:45

i know nothing of inventory cycles here but if it has turned - this could be a real catalyst for a jump in cashflow... would make sense that destocking had to end at some point. anyone got any views on this ....