Zetar Share Discussion Threads

[slj] 13/1/2006 11:45

13th January 2006

Zetar plc

Notice of Results

Zetar plc, the confectionery and snack foods business will be reporting Interim
Results for the six months ended 31st October 2005 on Tuesday 24th January 2006.

Ian Blackburn, Chief Executive Officer of Zetar plc will be hosting a meeting
for analysts at 10am on Tuesday 24th January 2006 at the offices of Financial
Dynamics, 26 Southampton Buildings, London WC2A 1PB.

[silverfern] 31/12/2005 16:17

Right, but releasing news right here right now would I suggest be a PR disaster. There will be a January update, relax

[the bizz] 30/12/2005 18:28

Some news would help. Very quiet here

[faz] 29/12/2005 09:04

I am in at 300p - Janaury's market update could shake things up

[the bizz] 20/10/2005 21:12

Anyone any ideas why the 2.5% drop today? Or is it just a couple of sells and the market driving it down?

[billiam] 25/9/2005 17:15

Walking around town yesterday and noticed Kinnerton Advent calendars already in a few stores. Looks like they are getting in early.

[the bizz] 09/9/2005 20:44

Got into these a few weeks back. Management are proven winners and I'm sure will replicate their success here. Watch for value added announcements and fireworks by the end of the year.

[james dean] 24/8/2005 21:06

Another tip sheet says buy.

DYOR

[cockneyrebel] 04/5/2005 07:55

Nice trading statement - are these cheap or what?

CR

[cockneyrebel] 17/4/2005 21:11

Get's a buy rec tonight on Whatshot.com.

CR

[marketshaker] 06/4/2005 11:57

Quiet period. I'm hopeful of good performance for the rest of 2005. We all like chocalate.

[cockneyrebel] 29/3/2005 13:21

Overpriced?

Trading on a forecast PE of 9 compared to Glisten's 18.

Doesn't look overpriced to me.

CR

[papalpower] 29/3/2005 12:18

Appears to be tipped today, but not for me.

The price has gone from 125 to 300 in a short space of time, it appears over priced now and at least for me, is not a buy at its present price.

[sealed] 18/3/2005 06:39

On Aim, cash shell Zetar surged 72.5p to 305p. The rise came after the company, which has former Perkins Food boss Ian Blackburn as chief executive, announced plans to buy Kinnerton, one of Britain's leading independent chocolate makers, for an initial sum of £28m.

[cockneyrebel] 17/3/2005 21:40

You might find this interesting - from Killiks today:

ZETAR – Acquisition



Zetar was listed in January as a cash shell but backed by the investment team who put together the Augean waste deal last year. The intention was to find acquisitions in the food sector and it was headed by Ian Blackburn who was for many years the boss of Perkins Foods in its restructuring exercise. Today, just two months later, Zetar has announced its first acquisition.



The company is paying £32 million for one of the UK's leading independent confectionary businesses Kinnerton. This company generated turnover of £42 million and an operating profit of £3.5 million for the year to 30th April 2004 and as we are fast approaching this year end, it is widely expected to have improved this year. Indeed, an earn out is payable for the current year should earnings before interest hit £4.55 million this year and £5.45 million for the coming year. Management is hoping to pay out the full deferred consideration.



Funding for the deal will come from a £10 million equity raise at 200p per share and the balance by debt. Kinnerton has a strong balance sheet with net assets of around £19 million and cash balances are high although this partially reflects the seasonal nature of the business as we approach Easter.



This is an excellent start for a group that is looking to expand in the food space with quality acquisition purchases. At the placing price, and assuming the company hits its targets, the business will trade on around 6x earnings whereas others in the sector like Glisten trade on 18x. We assume they will move to 12x prospective in the near term for a share price of 400p. The stock has jumped by 60p in morning trade to 292p where they remain good value.

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CR

[src123] 17/3/2005 08:26

The extra funds will come from finacial assistance from the royal bank of Scotland.

[src123] 17/3/2005 08:21

This will fly today! Can't quite work this out! If they're raising approx 10m but are paying a lot more than that for the takeover they must have funds in the bank that far outway their market cap!

[the knowing] 14/1/2005 21:45

Now that is ridiculous and needs to be shorted !

[sandoval] 14/1/2005 21:34

Someone else has - ! it hasn't even listed yet and I got up early for this.

[rachubb] 13/1/2005 21:37

Take your profits or someone else will

[sandoval] 13/1/2005 00:49

Where can I buy stock in this before it shoots up.

[double6] 12/1/2005 19:28

Watch for Sino-Asia, floating on Friday....