The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hardman & Co issues research report on Real Good Food Company EBITA margin doubles in two years, then more: Current trading is encouraging, as announced with full year results on 7th August, and at the AGM convened today. Real Good Food has transformed its prospects through corporate action over the past nine months. The market has yet to catch up with this. Even more importantly, the mix of business is biased to higher margin and growth markets - added to which export markets are being more systematically addressed recently. We therefore see significant long term growth prospects after the initial significant margin expansion for FY16E and FY17E. A lot better statement than the official update. gla
results tomorrow
Just sold a block after being in the doldrums for a while , may jump back in later. Still loads to go I think.
The quiet one are some times the best. Hopefully we may even see £1 but 80p looks good. Not a lot of shares free though, so sells will be needed along the way.
continuing to pick up unnoticed nice.Due for a rerate here no debt 13m in bank and good profits imo could reach 80p
Ticking up nicely after that report by Hardman & Co.
Financial: Conclusions Real Good Food has benefitted from:  a transformational disposal in 2015 of loss making business for a price which appears attractive  attractive, high margin acquisition in 2015  the large majority of EBITA deriving from high margin businesses which sell differentiated products through distinctive routes-to-market  significant ‘organic’ investment in recent years in brands and also tangible assets, supporting future margin expansion Our FY16E 5.0% EBITA margin illustrates that Real Good Food is on the route but far from the end potential to maximise returns on its assets. The benefits of those ‘organic’ investments have started to be seen in Haydens Bakery in terms of raised profitability, whilst in Renshaw the expensed costs have masked the improvement. Both these businesses are set for acceleration in profit in FY16E and subsequently. Other businesses and also raised exports point to sustained profit growth in the Group. There are two margin trends overlain. First, simply the effect of corporate activity: the loss-making Napier Brown disposal and acquisition of Rainbow Dust Colour which generates operating margins over 45%. The second trend – which is also to rising margins – is the progressive rise in the premium nature of the product mix and routes to market. We outline some of the specific examples of this principally within Renshaw and Haydens Bakery. It includes 1) selling through specialists (e.g. Hobbycraft, Lakeland and Dunelm for Renshaws) and on-line (i.e. ultra specialists for Rainbow Dust Colours and Renshaw), 2) promoting premium products e.g. at Haydens Bakery and 3) imparting momentum to this through progressively expanding the senior marketing and sales functions. This adds to a robust proposition with more growth to be achieved and thus it seems the share valuation still has one eye to its less profitable past. http://www.hardmanandco.com/sites/default/files/research_papers/RGD%20July15.pdf It's a long report and well worth the read. gla
Totally agree.A few pence here then consolidates then climbs a few pence more.
here
Nice start today. 3p up now
Nice to have the completion done of Napier disposal. Debt cleared. Onward and upwards. gla
Who sold?
Looking good today for next leg up. 1p up now.
Looking good think share price will go well over the £1
Director buys and Omicane at it again. Good sign and yes I believe there is still plenty more for the sp to rise still. This could be the year for RGD if they come up with some good buyouts of a company or two as was suggested. gla
Plenty legs in this. One :)
Hi Lego Plenty will follow I'm sure
Some nice delayed trades gone through disguised as sells. Another good rise today. I wonder who is loading up.
tks for thought...no interest in more exposure to property...and the discount to NAV doesn't excite ...enjoy the bank hol w/e
Looking good in my opinion. Looking forward to see a good rise.
Directors wife buying . Only up from here expect good lift
..... Full ask practically being paid now for just a few trades ...... Onwards and upwards
yep, some nice buys going through. Just be patience and im sure you will be rewarded come the end of the year. Plenty of news to come out this year. GLA
Someone is loading here been doing so a few days now