Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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I think it will be back over 600 pretty soon, the fall is way overdone, they are still doing very well. What company is not hitting some "head winds" thats not oil and gas!
I think these reactions are so over the top, but they are letting me get shares in quality companies at low prices.
New to this BB - agree with most comments . May not be a spike back up , but over coming weeks should see some recovery.
I Think the Market over reacted & this is too good an opportunity to miss. GLTA
Hi HB. I very rarely post. I believe the Chairman purchased shares worth just below £50K today. I hope I am correct. Thanks
Well that brought this board back to life - thanks for all the comments. Directors buying around £20k each is a good sign. I read the news like the rest of you; and it is a number of issues which should all be short lived. And remember they will shortly be operating from a brand new HQ & Manufacturing plant, which should bring operating costs down; and allow all senior staff to concentrate on running the day to day business.
Good luck to all buyers/
Expected a bigger rise from bottom at close but very happy to get in at earlier prices. Tomorrow looks more promising so good luck if you bought Today and may the flavours flow....
Lets see what last 10 minutes bring. Buyers snapping it up...
I think this is an excellent company which will recover in years rather than weeks and in line with the economy. You are effectively betting on the £ in the interim though. No rush with better opportunities for purchase in the coming 2 years, imo.
Elsewhere in London, Treatt shares slumped 31% after the natural extracts and ingredients supplier cautioned on annual profit.
The company expects pretax profit before exceptional items in the financial year ending September 30 to land between GBP15.0 million and GBP15.3 million, down from GBP20.9 million in the year prior.
Treatt said its margins have been hit by the devaluation of the pound against the dollar, with its UK business making a portion of its sales in US dollars and using foreign currency exchange contracts to manage risk. In addition, tea category sales will be lower than the year before, due to reduced demand and consumer confidence in the US, which has reduced margins.
Always a good sign
Profit already. Think I`ll let You buy my shares for Me..... Will be holding out for 10% + profit next week...
now 529.80-532.20
Better than i did. This is bargain territory now so good luck over next few days.
Am in @ 525p
With only 61m shares in issue, then price drop will be large, but will also be large when buyers get back in after a few days. Normally better to wait a few days before a recover but have bought in Today as can see good recovery now bad news is out of way.
The share price reaction is like a mining share that has just declared it's failed to find anything. I'm disappointed in the news but I'm happy to top up at these levels.
Way way overdone.
Peaky, still doesn’t justify the 30 percent drop. This will rebound real soon. Imho
Are you joking??
Cash decreasing rapidly, and debt increasing at the same rate...
Rns doesn’t justify the drop. Imho
Held this several years ago, but took my profits too early. Have been keeping an eye on it, hoping for a good opportunity to get back in. Think this drop is overdone, so am back in. Viewing as a long term hold growth opportunity rather than a quick trade, as I don’t see a rapid rise back to previous highs.
Author of article believes they are a small % of input costs for drink manufacturers so should be able to increase prices in line with inflation.
As TET is a company ultimately serving the consumer sector, is it surprising that the SP is under pressure. Incomes are squeezed due to fuel price hikes, general inflation incomes are fairly static and the economy has stalled due to covid. Clearly, discretionary purchases will suffer...like trendy beverages which Treatt contribute to.
The writing is on the wall!!!!
Treatt CEO Daemmon Reeve and CFO Richard Hope present interim results for the 6 months ended 31st March 2022.
Watch the video here: https://www.piworld.co.uk/company-videos/treatt-tet-half-year-results-presentation-may-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/treatt-tet-half-year-results-presentation-may-2022/
Record H1 revenue with 9% growth across the portfolio.
· As anticipated, returning to traditional H2 profit weighting:
Ø H1 2021 benefitted from COVID-19 related retail channel growth and significant product launches.
Ø Normal seasonality returning driven by Spring/Summer beverage consumption in Northern hemisphere.
Ø Strong anticipated growth in healthier living categories expected to drive higher margins.
· H1 2022 ended strongly, and momentum has continued into H2; order book up by more than 25% compared with equivalent prior year period giving confidence in the outlook.
· Revenue growth for full year now expected to exceed 15%; on track to deliver full year PBT market consensus of £21.7m
· Ongoing investment in the Group's capacity, people and innovation to deliver long-term growth.