Treatt Share Discussion Threads

[essentialinvestor] 28/11/2024 14:01

The share price remains in an approx £4-£5 range,
until it doesn't!.

[74tom] 28/11/2024 13:43

I did some analysis of the fundamentals since 2017 and couldn't believe how cheap shares are right now.

In the 7 year period from H117 to H223, TET traded on an average Price to Tangible Book of 4.15x, with a peak of ~6x in 2021 and a trough of 2.6x in H219. At the current share price it's valued at less than 1.75x

This business is valued at £245m with just shy of £40m in land / building assets, zero net debt & which will have generated ~£60m in cashflow from operations over the last 3 years. It doesn't have lease liabilities either due to owning the freehold.

If we consider the land / freehold to be cash, then it's trading on an EV/FCF yield of just under 10%. It also grew top line by 16% in H2 on a purely organic basis...

At what point does a US fund just step in and relieve the idiot II's holding this?

[essentialinvestor] 20/11/2024 00:01

We are in an approximate £4-£5 range atm,
with brief times spent both below and above those prices. I added another few back today, however the Trump dimension arguably makes TET higher risk - a larger competitor could always pounce, although that's highly speculative musing on my part.

[zam1] 19/11/2024 20:40

Not looking goods could drop to £400 or belowMight fund supper 4 or 3.80

[essentialinvestor] 18/11/2024 14:37

Bought a few back, but still cautious.

[essentialinvestor] 07/11/2024 12:22

Without getting in to the politics, a blanket 10% import tax is not practical. At the very least you would need exceptions.

Plus where is the domestic labour force to replace imported goods and materials?.

As one example, look at the recent % pay increases from Boeing to settle their strike. The US is already short of skilled labour.

Who's going to pick the domestic citrus crop following mass deportation of migrations (if this happens).
I've sold and will buy back lower down, if available, as can
see trouble ahead as the market attempts to factor this in.

[edwardt] 07/11/2024 12:07

good questions - i guess at least we have a base in the US so should have an advantage.

[essentialinvestor] 06/11/2024 13:59

How much of their product sold in the US market is manufactured in the UK I wonder..?.

Also a chunk of raw ingredients are sourced from South American countries, among others.

That will be shipped in to the US (they also manufacture in the US).


Trump and tariffs..eh.

[essentialinvestor] 01/11/2024 15:27

Perhaps the recent share price volatility is off putting, it can move lower rapidly for what appears little reason.

[essentialinvestor] 01/11/2024 15:23

edwart, CEO:s miniscule purchase still bugs me now.

He's ex Croda and must be a wealthy individual.


Is he seeing potential risks I'm overlooking..

[barnes4] 01/11/2024 15:22

Classic inch hi quote that!!

[edwardt] 01/11/2024 15:18

mr market doesn't get mine till at least £8

[edwardt] 01/11/2024 15:18

it's itching to blast through it....

[cestnous] 01/11/2024 12:36

……and fell back.

[essentialinvestor] 31/10/2024 11:20

Cracked £5 again.

[niklol] 25/10/2024 14:01

Thanks.
Dreading the budget

[niklol] 25/10/2024 14:00

Thanks.
Dreading the budget

[essentialinvestor] 25/10/2024 09:14

nik, nothing out of the ordinary for TET.

Possibly a few longer term holders selling pre budget..?.

[niklol] 25/10/2024 08:52

Why the drop today? Any ideas?

[essentialinvestor] 21/10/2024 08:26

Another crack at £5 or retrace ?

[essentialinvestor] 18/10/2024 13:50

If the business continues to grow, which looks a high probability, they may in time create a separate COO position.

[rutlandram] 18/10/2024 13:33

He seems very capable and well respected. However, I’m not sure it’s too wise to have a combined CFO/ New European MD role. Spreads the CFO too thinly with consequent risk of taking the eye off the ball, which is the prime role of the FD.

[cfro] 16/10/2024 13:20

It seems the CFO feels he is capable, and we all agree that he is, of taking on more managerial responsibilities over and above just a pure finance role.

Like others v pleased with this news.