today is food producers!!! Now what is it that this crock of s**t do again? 90% down now since I came in at 37p old money. Must do some research to see if this company holds a record for a company of this size or should I say size it was!!! Penny shares anyone?
Very interesting. I wonder what the royalty percent payment is, I am assuming between 2 to 5 %, but really have not got a clue. If the royalty is based on percentage of sales, then there needs to be a lot of trust as it is easy to under play the volumes. Frozen ready meals is definitely a growth area. Kerry group in based in Ireland, so this will come under international business. International is now one of the 3 business units, could see more international expansion via licensing. If they do expand via licensing, especially the main stream product, hope it does not not give the discounters a cheap way to get hold of PFD products via the import method. I have seen Sharwoods Cook-in Sauce Cantonese Black Bean made in Canada being sold in B&M at much lower price and larger quantity.
Sorry if anyone wants to post any comment on my views but I'm off on two weeks hols...not being rude . Dairy Crest announced they had to reduce the price they are willing to pay farmers for milk due to pressure from the Supermarkets. Back to the same circle as before and a warning of what is coming. Steel helmets all round and batten the hatches, were in for a rough ride.
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