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Of course but just trimmed a bit.
Who are LT??
Thanks for post sparkler and clarification as I thought Tate and Lyle were sugar.
Either way I'm still interested In dipping my toe in the water here as there results seem very healthy with solid Divi and a potential Capital Growth.
Did you add Mary?
A bit confusing, i know, but Tate & Lyle Sugar has nothing to do with Tate & Lyle PLC. It was sold a good few years ago by the PLC.
(Sharecast News) - Britain's competition regulator on Friday said that the Tate & Lyle Sugars purchase of UK & Ireland assets from France's Tereos could result in higher sugar prices for UK shoppers.
The Competition and Markets Authority (CMA) has given both sides five working days to offer a remedy or face a more in-depth investigation after ruling that the deal would see two of the three sugar suppliers in the UK merge.
That would leave Associated British Food's British Sugar as T&L's only competitor, it added.
T&L bought a distribution facility in West Yorkshire along with Tereos' UK consumer operations in November 2023 for an undisclosed sum. The facility packs and distributes white granulated, baking and specialty sugars to food retailers and wholesalers in the UK, under the Whitworths sugar brand and private labels.
"The supply of sugar to grocery retailers in the UK is already highly concentrated. This deal would bring together two of the three players in the UK sugar sector, reducing competition and choice further for people and businesses," said CMA senior director of mergers Sorcha O'Carroll.
Reporting by Frank Prenesti for Sharecast.com
No I didn't wanted to see direction.
Hey Mary
You got your spike and your spike up and down ..but guess you didn't trade it..
Interested on your thoughts here as IMO now well Oversold so am looking to enter
For me this is a definite add at this price. Provides me with a nice and steady defensive stock to balance the portfolio. Looking back at the most recent results this has tipped into a great value buy now for a long-term hold for which I would guess as being in the years category
This is definitely on my watchlist now ..Well oversold IMO
Trading Update
Chief Executive Nick Hampton said it was a "resilient performance in challenging market conditions".
Probably oversold and good value at current SP
(IMHO DYOR)
Its shows the TU on this site as Thursday but on T&L website its shows Q3 update to be announced on 21.02.2024!
Rocking along the bottom so let's see a crash to buy or a spike to sell ! Let's roll.
So glad I sold out of POLY yesterday to up my holdings in TATE
markets liked RNS:
Nick Hampton, Chief Executive said:
"Tate & Lyle continues to perform well with Food & Beverage Solutions delivering another strong quarter of double-digit revenue growth. We have successfully renewed 2023 calendar year customer contracts to recover higher input costs and, despite ongoing economic uncertainty, we continue to deliver against our strategy as a growth-focused speciality food and beverage solutions business."
Moving nice and steady :-)
Good long term at this price.
Down 9% since Midas tip.
Nice lift today after going ex-divi. Consolidation the key word for the company and its SP. HL also tipping the share.
Midas tip today
the ceo,on sky news atm.
Whichever company you trade your shares through should provide you with a Consolidated Tax Certificate at year end to help you fill out your tax return.
I believe the special dividend is treated as any other dividend, but if it really is a return of capital then you may be liable for CGT (high threshold here though (£12,500 I think)).
dun48
Thank you for the clarity. You made my weekend. I was all set to declare the divi on my tax return but having investigated it further I now understand. Overall it means that based on current prices the special divi has effectively made me a gain of 3.6% which is completely different to what I thought I had.
Many thanks
Plymouth
This is a return of capital, which is tax free. The Company has sold some of its assets. Some monies it is keeping for the new business, and the monies it doesn't need it returns, thus reducing its capital. Because the capital is reduced, it reduces the number of shares to reflect this
Picked up my fraction refund through EQI today. Was not expecting that. Still it won’t change my life.