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Some big trades yesterday!
were big?
make that 160p now, £8 old money
If you multiply the new price by 5 it gives you 772.5p, which is slightly higher than the price before the subdivision. If you had 100 shares at 742 (last trade price before the change). You will now have 500 shares (x5) at the current price of 154.5. So your £742 of shares is currently worth £772.5 (4% increase).
As an example If you have say one share worth £5, they are going to give you 5 shares at £1 each for this 1 share. Therefore the SP has fallen
sorry, am I missing something..... surly price should have gone up if 5 shares at 734.50 are now one!
Parkdog It's a 5:1 share swap.
Wow?! Crazy drop...is it real or a reverse consolidation? I now jack shirack about this share yet I'll buy it if broker thinks 500+ and it's 150. Anybody know anything?
Simon Thompson at IC has tipped TET with 500 as minimum target
Looking ahead, the group added, "The new financial year has started at a steady pace which in relative terms will mean that Q1 of the current year ending September 30th 2013 will show a significant improvement on last year." Treatt said that the price of orange oil, the group's largest product segment, fell by over 60% creating downward pressure on margins. The board said it is proposing a dividend increase of 6.9% to 15.5p per share.
Treatt, an ingredients supplier to the flavour and fragrance industries, posted a drop in annual revenue, after a weak first quarter, but say it remains well placed for future growth. Group revenue fell 0.7% to £74m for the year ended September 30th 2012 while pre-tax profit fell to £5.1m from £6.4m in 2011. Group operating profit after FX fell 18% to £5.6m while pre-exceptional profits for the year recovered to £5.1m. Earnings per share fell 19.1% to 34.4p. Sales in the UK grew by 12%, while across the rest of Europe demand was very weak, with sales to France and Germany coming under particular pressure during the year. Strong growth continues across Asia and the Americas. "2012 has been a mixed year for the group. Notwithstanding a weak start to the financial year, it is pleasing to report that results for the last year were significantly better than had been originally forecast," the group said in a company statement.
Treatt: Investec reduces target price from 377p to 355p and downgrades to hold.
Investec downgrades Treatt from buy to hold, target price cut from 447p to 335p.
Down 19%
Some decent figures there but the prospects write up aint good. - hefty mark down on SP coming
Prospects The Group has seen significant weakness in RC Treatt's order book over the last few months and there is a return to the short term de-stocking practices of two years ago which has been increased by the impact of the current global economic climate. This, coupled with falling raw material prices, does mean that the outlook for 2012 is uncertain. Over the next few months, orange oil prices are expected to fall but the extent of the likely fall is unclear. However, the Group has many years' experience of managing its risk in periods of price volatility and so, whilst some stock losses are inevitable, this will relate mainly to 'pipeline' inventory and will be controllable. The year ended 30 September 2011 was characterised by the significant improvements in Earthoil and Treatt USA and these should be consolidated upon over the next twelve months. At R.C. Treatt, however, the final quarter of last year saw a slow-down in activity which has continued into this financial year, where the impact of de-stocking has led to falling raw material prices, lower levels of sales and reduced margins. We do not now anticipate orders picking up much until mid-2012, especially for R.C. Treatt whose customers operate in many of the territories which are currently experiencing significant economic weakness. Consequently, the Board believe that pre-tax profits for the year ended 30 September 2012 will be significantly lower than was previously thought.
TREATT PLC PRELIMINARY STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2011 Treatt Plc, the manufacturer and supplier of conventional, organic and fair trade ingredients for the flavour, fragrance and cosmetic industries, announces today its preliminary results for the year ended 30 September 2011. Summary Group revenue increased by 18% to £74.5 million (2010: £63.3 million) Group operating profit after FX up by 40% to £6.9 million (2010: £4.9 million) Profit before tax 42% higher at £6.4 million (2010*: £4.5 million) Dividends increased 11.5% to 14.5p per share (2010: 13.0p) Earnings per share up 40% to 42.5p (2010*: 30.3p) Net assets per share increased to £2.44 (2010: £2.15) * Before goodwill impairment in 2010 of £2.4m
http://www.investegate.co.uk/Article.aspx?id=201112050700152890T
TRADING UPDATE Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredients for the flavour, fragrance and cosmetic industries, announces that, as a result of the sharp strengthening of the US Dollar against Sterling in the last two weeks of its financial year ended 30 September 2011, the Group suffered a £0.3m foreign exchange loss which was not anticipated. Had this loss not occurred, the Group would have met its expectations for the financial year. Treatt PLC's full year results will be announced on 5 December 2011.
http://www.investegate.co.uk/Article.aspx?id=201110120700180043Q
http://www.investegate.co.uk/Article.aspx?id=201108171025545225M
INTERIM MANAGEMENT STATEMENT YEAR ENDED 30 SEPTEMBER 2011 Interim Management Statement and Trading Update for period ending 16 August 2011 Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredients for the flavour, fragrance and cosmetic industries today publishes its Interim Management Statement and Trading Update relating to the period from 1 April 2010 to 16 August 2011. Following a very strong first half of the financial year, trading in the period has, as expected, been at a steadier pace with all parts of the Group continuing to perform well. The outlook for the remainder of the financial year remains healthy and the Group is now expected to exceed its revised expectations for the full financial year. Looking beyond the current financial year, with the prices of many natural and synthetic flavour and fragrance ingredients continuing at high levels, customers remain wary about contracting too far ahead and therefore order books have weakened, whilst the level of orders for immediate delivery have increased. Although at present the expectation is that prices will remain firm for some time, there remains the on-going risk that should prices fall then this could have a short term, adverse, impact on Group profits. Treatt PLC's full year results will be announced on 5 December
http://www.investegate.co.uk/Article.aspx?id=201103220700193419D
Treatt sees 'materially higher' full year Date: Tuesday 22 Mar 2011 LONDON (ShareCast) - Treatt, which makes ingredients for the flavour, fragrance and cosmetic industries, said results for the full year are expected to be materially higher than previously anticipated after strong trading at its US division. Trading during the half year 'significantly exceeded expectations' while order books have remained strong, the group said in Tuesday's company update. Treatt said it had seen strong sales growth across all three operating companies with the high orange oil price being a major contributory factor in this growth for both R.C. Treatt, its UK operating subsidiary, and Treatt USA. Commenting on recent trading the group said, "R.C. Treatt has continued with its strong performance of the last few years. This has now been bolstered by exceptionally strong trading results from Treatt USA, together with a significantly improved, and profitable, first six months from Earthoil, the group's organic and fair trade business." Treatt USA won a string of significant new business wins this financial year and is continuing to grow its sales with existing customers, the group said. Earthoil meanwhile enjoyed a strong start to the year and has continued to perform well.