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Purchase late on yesterday Some decent money coming in here Nice buying
Cheers jolly. Have you ever looked into JRIC btw? Gives a 4% divi and looking to move off AIM in the not too distant future. There have been some very large trades go through recently too.
good play...agree this shd now head up above 50p... ...bought some back some 40p @noon and will look to add on dips
Key figures For 2013/14, Tereos, the largest sugar producer in France and fifth sugare producer in the world, reported a sound performance in an environment less favorable than in 2012/13. Revenue of 4.7 billion euros, ranking the Group among the leaders in Europe and aroung the world in its business segments EBITDA of 691 million euros, the third best performance in the history of the Group Net income of 176 million euros Our results for 2013-14 http://www.tereos.com/en-gb/finance/chiffres-cles1.html
IMO trades starting to come through
Lol yes the rise is real. The company has been progressing very well but Napier has ended up being the weak part due to sugar prices ect ect. With this sale the company goes debt free, and concentrates on the parts that are doing well and exceeding expectations. Back up to 70p+ in my opinion. Gla dyor
well called!
Sorry can't see RNS as on mobile , but the rise looks great to me . Are you sure there is one or us thus rise pre RNS ?
Looks like 30% up so far on the RNS can someone elighten me (I am reading the previous RNS's but all opinions welcome)
Looking very very good to me :)
RNS released and the market likes it, any thoughts on this company?
Dad! how are you? Not seen you about for ages, I'll have to come round for tea soon and bring the kids. Hows the Alchimer's?
Napier is currently running at a profit so it is very possible that there are other companies that would be happy to buy it, even if it was just to reduce the competition. If it does get sold then there will be more money in the bank which is positive. As I said before, other parts of the company are exceeding expectations which is excellent imv. It will be interesting to see who RGD have in mind to buy out as they have suggested recently. It is a hard market to be in but they are improving once you take away the weaker part (Napier) and they are making steps in to Europe too. I would certainly not put all my cash into this, but I'm happy to have a holding here. DYOR and GL all
I think this a terrible buy at present. After boasting about winning all kinds of business through supermarkets in recent times and spending cash on a facility to receive bulk sugar - now 'sugar' is not such a great prospect! Everyone knew that the market was changing and prices would reduce. As for the 'profitable' part of the business - RGF is disliked in the industry and their prices are too high. Customers are sensitive to this fact but RGF do not listen. There seems to be a belief that the high selling prices can continue but the reality is that customers are fed up with the position taken by RGF. You cannot go on about 'raw material sugar prices dropping' so this is bad for Napier, yet offer products that mostly contain sugar - and tell people 'prices are remaining high'. Seriously Bad leadership IMO
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LBG, yes a very good move for RGD and one that could see the share price rise I would say. Question....! who would buy them and why??? doom and gloom for most in sugar by the sounds of it.... come on I need your "positive" spin on this to help me out.... TB
Sounds like Napier could be sold off, which would be a good move imv. Get rid of the weaker part and concentrate on the parts that are out performing expectations.
in not so many words
It's ideal imo. Each business run individually, each made to be able to make a profit on their own, yet each business compliments each other allowing cheap products between the businesses if need be. You could also surmise that each business could in theory be sold off very easily if wanted. What I'm interested in knowing is, which and how many other businesses are RGD looking at requiring this year? GLA
it appears all of the groups businesses are going stand alone as individual ltd companies, what would be the key driver behind this would you imagine?
Cheers for that link. Appreciated.
Rainbow Dust Colours was founded in 2008 with 3 staff. Our main intention was to create a simple supply of cake decorating glitter to the UK market. An area, which for years, had been let down by poor service from other companies. Overnight, our company became the place to go to for fast, efficient service. The 12 months that followed built on this success with the introduction of Lustre powders (The Edible Silk Range) and plain dusting powders (The Plain & Simple Range), whilst also offering two barcoded, packaging standards (loose pots and retail hanging packs), allowing our products to suit any retail environment, however large or small. Each new range was well received by our customers and listed in various wholesale catalogues across the United Kingdom and Europe. Rainbow Dust Colour Early Adverts Over the next few years, as our name became more established, we took our basic fundamental rules (ease of supply combined with a point of difference) and applied it to each range of new products we developed, from Double-Sided Pens to Sugar Sprinkles and to this day, continue to develop new and exciting products for each season. Rainbow Dust Colours now employs around 30 staff members within a 20,000sq/ft SALSA approved manufacturing facility. It’s a far cry from the early days, but our values are just the same: Fast supply, products with a point of difference and a generous margin for all involved in the supply chain. These rules are what we believe a lot of our success is down to and regardless of the size of the company, these rules will continue to be present.
Cheers for that info. Will have to see how the next results pan out. Jolly- as it happens I halved my holding Monday morning.
They are dependant on British Sugar, as red tractor (BS only) goes to ASDA (albeit in a WW pack) it's a constant battle (but remember BS rely on them too, as they buy such a large volume) and can't see that changing anytime soon.... if you study the EU/World sugar market you will know EU prices are massively down YonY, so home grown material is the most competitive and easiest to handle/move, Imports are stopping (from the world market to the EU) not that Napier can get them easy, but if they can, it's just not worth it. So as things stand (unless I'm missing anything) they are basically trading a commodity item and the price is thundering down to record low levels, this makes it very difficult for a trader to make margins, 2012 & 2013 prices had been dramatically higher, my worry is that as the price floor is seen, the entire market loses value and makes things incredible difficult. A return to profit is a big statement, which I will be keeping a close eye on....