Shares in sugar, sweetener and food ingredients group Tate & Lyle were losing their flavour on Wednesday after analysts at Credit Suisse lowered their rating on the stock from 'neutral' to 'underperform'.
18 Apr '15
The recent trading statement said that an announcement will be made by the end of April regards the Splenda brand. Could it be this coming week, if so the SP could be volatile over the next few days
8 Apr '15
Tate & Lyle shares rise on deal talk: Investors in Tate & Lyle enjoyed more good news as markets digested the bid interest in its Splenda sweetener business. The FTSE 100-listed company said last week that pretax profits would come in “modestly below” the £230 million estimate it provided for the market in September. After three profit warnings in the past 12 months, that was enough to send the shares higher. This week has brought more good news for investors as Ajinomoto, the maker of the low-calorie sweetener aspartame, is said to be interested in Tate’s Splenda business. Tate management are currently reviewing their options with Splenda and are due to announce the results of that in late May. The majority of Tate & Lyle sales are focused on the United States, where the bulk ingredients division, which manufactures corn syrup for the drinks industry, generates 70% of group sales and about 45% of profits. The stable profits and the bid interest have seen Tate’s shares gain almost 8% during the past seven days. The shares will always have something of a floor provided by a dividend, which offers a prospective yield of 4.7%, but until the profits start growing again they are a hold. Tate & Lyle at 643p+17p. Questor Says “Hold”.
2 Apr '15
Announced that trading will be slightly less than last predicted won't do anything for the SP I suspect. Interesting to note comments on Splenda, could this be sold off or spun off as a separate company?
29 Mar '15
Trading statement due this week, will there be another sharp drop in share price Or can we expect a little bit of good news. 5% swing in so either way but which way?
26 Feb '15
think this is a buy
for myself, bought these last week, quite a reasonable slice of my future pension money, they are well in the blue at the moment, a couple of percent up in a couple of days is well above the yearly bank rate, seems very low risk and if a possible take over should pay dividends, seems almost a no lose situation, but you never know
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.