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Tate & Lyle PLC Half Year Results, Thursday 5 November
Any news on payment of the usual November interim dividend.
May people are dithering about how to position themselves safely these are very uncharted waters. Tate and Lyle do not now own the popular sugar brand you see in the shops but the American company that do own it use the brand name. Otherwise in normal times would be ok but nothing is safe even gold can go down!
Am dithering as to whether I should add to my holding , with all the manic events in America , if their market implodes as grossly overvalued , will it crash our share price as well . I have held for many years , and to me a very stable well run business with a good dividend return . Any ideas ?
Analysts at Berenberg slightly raised their target price on 'hold' rated food ingredients manufacturer Tate & Lyle on Monday, stating the group's first-quarter update was "sweeter than expected".
Berenberg upped their target price on Tate & Lyle's stock from 665p to 695p after having cut its 2021 forecasts for the group by over 20% since March.
Although volumes in T&L's food and beverage solutions unit declined 2%, broadly in line with its forecast for a 1% decline, volumes in the primary products division declined just 12% - much better than its expectations of a 20% drop. Overall, group revenues decreased 5%, helped by positive price/mix.
The German bank said recent results had shown the progress Tate had made in important areas like product mix and productivity
measures but the analysts highlighted that as with peers, where Tate's 2021 full-year earnings ultimately land will depend on the timing of lockdowns and subsequent easing measures.
However, Berenberg noted that Covid-19 had again highlighted several vulnerabilities of Tate's business model - high exposure to out-of-home consumption, high fixed costs and lingering exposure to commodities like ethanol.
But on the more positive side, Berenberg said Tate's liquidity position was "strong" and noted that the group was now trading on 14x calendar 2021 price-to-earnings ratio - a 30% discount to global staples - broadly in line with its 25% average discount for the past five years.
Hi Volcano - yep seems to have been well received.
I added on the 10th July, got sub 6.20. Have held here for many years, and look to add on dips.
G
July 23 (Reuters) - Food ingredients maker Tate & Lyle Plc
said on Thursday demand improved in June compared to
the previous two months as coronavirus restrictions eased and
more restaurants, bars, cinemas and other public facilities
opened.
Tate & Lyle said demand started to recover sequentially
during the quarter as some U.S. states began to ease lockdown
restrictions.
Remaining cautious, the company said the full extent of the
pandemic's impact still remained unclear.
Markets seems to like it, 674.40
A good statement today , and far better than I expected . Hopefully it will be well received by City. A good sound well managed Company in my opinion.
Picked up some more of these this morning.
Nice rise early doors.
Generally one in my portfolio that gives me very little stress lol.
But we are in strange times.
G
i've had half an eye on this one, but have been burned on shares in this price range before as i don't have larger sums to invest, so trying to recover an average after a drop when you don't have large sums to topup with can be a bit like peeing into the wind!
To reinforce that thought i am slightly surprised to see the current slide not level out sooner, it also seems to swing a fair bit day to day
Hi, I like Tate and might well jump back on board as the May results looked good and this is one of those boring but easily understood companies which you do not lose much sleep over. Sure a black swan event is always possible like an additive product being liked to a health scare or a plant blowing up but this seems fairly unlikely here. Debt to capital ratio 34% a bit on the high side perhaps. 600p looks like a fair entry point imo.
The majority of today's volume has come at the end of the day and most likely buys, hopefully this gives some support to the SP from here, but let's see what happens tomorrow, I topped up yesterday. Solid share, I'm a long-term holder too. GLA
The US dollar has weakened recently against the pound.
Tends to impact on TATE in the short term. I've been in here for a while now.
Hoping to get another chance to pick up more around £6.00. Need not to wait too long as this one can pop 20 -30 p in any given day.
Trust in Doris & co to mess up Brexit negotiations and the £ could quickly drop again. It's an ill wind lol.
This one rarely gives rise to concern for me as I have a low average.
G
SP dropping day by day. Will sit it out but not good to watch!
Well I got that one wrong !
ABF update this morning should help our share price , as we are in the same market as regards to the food industry.
Ex-div today hence the drop. just the 2 of us then!
No, I'm still here! Not much to day really. Fully expect a recovery to over £9 by this time next year. Should have added more, but I'm not gready.
Are you leaving me on my own again Rylidan?? Nice couple of days from TATE. I still wonder whether they might be a target at some point, but in the meantime....a share with a dividend!
Welcome! Great to have company here! Considering the product/dividend/balance sheet in the current climate I am surprised it is so quiet. I added more over the last 24 hours.
Doubled my rather modest stake, that I bought in 2014! Paid almost the same price as then. In 6 years I've received far more in dividends than any cash ISA, and at one point before COVID has a capital gain of 40%. This is one that will bounce back quickly in the next year IMO.
Looks like you're lonely on here! Nice portfolio share. Has taken a rather overdone COVID hit to the price IMO
Full year out.....it will be one of the few dividends being paid at this rate.
Many people still think Tate &Lyle sell sugar! The brand name still on the packs but in fact the company sold it to an American company long ago.