The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Jolly, I'm sick of talking to my self here lol
The trading statement said that sugar prices have hit the company. That alone would be enough to drop the SP in most companies. But lets look at the positives. 1. The sugar price dropping - RGD can and are sourcing from else where to resolve the problem. 2. Recent contract with ASDA for selling sugar. 3. The other parts of the company are doing well. 4. RGD appoint Gino, who's previous record is outstanding in progressing companies. Top signing imo 5. Omnicane had another recent top up taking their holding to 25%. Omicane have a director who is also a director in RGD so their know they are onto a good thing. Omnicane are massive in the sugar business and dwarf RGd. So there you go, 5 good reason to buy, hold to up RGD. It may not be a 10 bagger, but it will make you more money than the banks. Personally I think this will be £1.75 in 2 years. It's just one of my holdings in my PF. GLA
Here is the link on him http://uk.linkedin.com/in/ginodejaegher He has done fantastic in all his jobs. I think the market may take this appointment well and hopefully offset the downside to the sugar price decline. GLA
A mixed bag to be honest but what was expected with the reduction in sugar price. As I have said before, this problem can be addressed and is being. The rest of the business is doing very well. Any dips I will see as a buying opp. We will have to wait to april for the figures. Gino De Jaegher seems a good catch. GLA
The board goes from strength to strength with the addition of Gino. This extract is from his CV for his last job: Managing Director British Sugar (part of Associated British Foods plc) Public Company; 1001-5000 employees; Food Production industry September 2007 – October 2012 (5 years 2 months) Peterborough/UK I joined to lead a business revitalization and turn-around, reporting to the CEO of AB Sugar, the sugar arm of Associated British Foods. Whilst the previously incumbent management team was busy leading the diversification out of the UK and out of sugar, I was brought in to focus on the UK agenda and lead it out of the 2005 restructuring of the European Sugar Regime. Sitting on the AB Sugar main board and heading up my own British Sugar Board, I was responsible for producing annually 1 million tons of sugar and 1 million tons of co-products, employing 1200 people over 7 functional areas at a central office and 4 factory sites. Also see: www.britishsugar.co.uk. Achievements: - Doubled turnover and significantly drove profits within 5 years. - Led major organisational change and a business-wide continuous improvement program, delivering major cost savings. In my first year, I overhauled the commercial organisation, built a new and dedicated UK leadership team and intervened with structural and personnel changes in nearly all functions. I established a renewed vision to “move up the GEARS together” (our new rallying cry); thereby striving to be the supplier of choice for all customers, driving top and bottom line growth and ensuring “sustainability” to be at the heart of our operations (minimising our waste and impact on the environment). Working capital was reduced from 28% of sales to 23%; ROCE improved from 14% to 33% and ROTI from 8% to 12%. Other major achievements are: - Increased price premium over competition and market share by 10 percent points through better customer service - Championed large investment schemes to drive co-product revenues - Led a business-wide continuous improvement program to drive efficiency and cost reductions - Improved relations with the National Farmers Union (NFU) - Up-to-date HR practices - Became a Nebosh certified Health and Safety practitioner, leading from the front - Chairman of the Sugar Bureau for 3 years. I like it. GLA
and away!
Thank you. May consider adding more. Lennie
In case you have not seen this video http://www.omnicane.com/index.php?tid=155&lang=1 here is Omnicane's last reports : http://www.slideshare.net/AfricanisCool/mu-mtmd-2013hy They dwarf RGD, but they keep topping up with RGD shares owning now 25% of RGD.
Lennie - I expect a report from RGD in March giving details of the yearly report. RGD are generally tight lipped. They will tell the news when they get it. I do not think the price decline is going to impact RGD too much. RGD are diversified with the 5 companies they have. One off sets the other, but all are progressing. If need be, RGD can source cane from any where in the world. The only downside I have come across with RGD is the % of profit to turnover is on the low side. If you have not done so already, check out Omicane, check their results ect.
Hi LG. You seem to be very much up to speed on this share. Are we expecting a 3rd quarter update very soon? Do you think the continued sugar price declines are going to have a material impact on this update if it's due soon? Many Thanks. Lennie
tep over the long term it is, but hey, this share has massive potential still and if they hit their targets it will push into ftse, unless omicane keep buying them and take over.
Slow mover? Not looking like that at the moment. 65p just paid. Lennie
Plenty of buys going through compared to the sells. It's a slow mover is RGD but I'm confident this is going to be very big one day. As I have stated plenty of times before, Omicane keep topping up and have over 25% of the shares. Omicane also has a director who is also a director with RGD, so if they don't know what is going on behind the scenes, then no one does. GLA
That looks like an impressive chart. Bid now up to 61p so hoping once we get past 63-64p then there's not much resistance to 68-70p. Lennie
Think i'll add again this week. Not concrete news but it's a positive side : https://site.recognia.com/iii_news/serve.shtml?page=event&name=stocks&eid=UKvvDiAASNXQAggABAACAAAD6CRg&symbol=RGD&exchange=LONDON&lang=en&eml=handmadesoapsofkendal%40gmail.com GLA
I guess you bought in near enough at the bottom. You will have done well but i'd expect you to do a lot better if you can hold several more years. GL
I bought this share many years ago following a Hargreaves Landsdown tip. I have excersised a lot of long term patience, and hoping the prospects for this Company are now very bright for the future. Not many brokers cover this stock but Investors Chronicle now give it a deserved buy rating.
We believe Aim-traded Real Good Food Company (RFD), with its sugar distribution business Napier Brown, stands a good chance of benefiting from the reforms. In fact it could ultimately lead to a doubling of the company's sugar volumes in the next two to three years. Napier Brown, which accounted for roughly 60 per cent of the company's revenues last year and 45 per cent of cash profits, already supplies 12 per cent of the UK's sugar volumes. As an independent distributor, it's not tied to a specific refinery or producer. Instead, Napier can source sugar from anywhere in the world, within quota limits. Currently, it gets one-third of its sugar from outside the EU and is the country's second-largest importer of cane. And it's precisely this ability to distribute sugar from multiple sources inside and outside the EU which could be a major advantage when the tightly controlled sugar market frees up in 2017. For example, should UK production decline, Napier could easily look elsewhere to plug the shortfall. This multi-source model should be attractive to buyers who are looking for a reliable source of sugar, and analysts believe it could see Napier supplying 20 per cent of the UK's sugar volumes by 2017. The icing on the cake is that Real Good Food Company's shares come with a sweet rating. The shares are trading on just nine times forecast 2014 earnings, dropping to seven in 2015. EU sugar reforms are likely to be a boon for Napier's multi-source, low-cost distribution model, regardless of any short-term price fluctuations. The new sugar handling hub can deal with vast quantities of the stuff efficiently and the tie-up with Omnicane could be lucrative. Add that to a diversified business structure and a cheap rating, and Real Good Food Company is certainly worth a speculative bite. Buy.
Tell him to come back.
lol they were there too!
everyone except the dog and your partner?????
Yeah not bad. Had a few days with kids, parents and brother and sister's family, so was good. Got to make the most of these times as they won't be around forever. After todays drop, I'd guess there is a seller about here. who it is I've no idea, but it aint Omicane lol
yep..at reduced level though Good Xmas?
Nice rise here today. Was beginning to think there was a seller about. You still here jolly?