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Price well off in Dublin this week. I wonder does somebody know something? All will be revealed at 07:00. Must set the alarm clock. All least all the debt isn't sitting in our accounts (for the moment at least)
Disappointing that directors haven't issued a reassurance statement as this price continues to slide into results and over many months. Never a good sign. Price down and down in a rising general market. A disgrace if results indicate that things are steady as she goes like statements of the past (could have stated no known reason for price fall.) and is a bigger disgrace if warning issues which will drive price down further. Not a word from brokers either in recent times which is also rather strange and not a great sign.
Results and more importantly an update just around the corner. I would like to hear about the timeline to reduce the Dole debt pile, suspect we will have to wait for the year end figures for that level of guidance. The market will decide on the true value.
Just checked, still no date for the results.
I think the market analists are concerned about the potential Banana crisis. Its well known that the main variety
'Cavendish' has a risk of almost wipe out if a virus that is prevalent in the East makes it to Central and South America. The risk for Total being that Dole's turnover is 40% reliant on the Banana trade. Dole both grow and buy from other growers. Personally I think this risk will pass as scientists are rapidly developing new varieties to combat this virus. TP are a fantastic company, well run with a brilliant family at the top. Once the deal is finally fixed and the TP board get to grips with Dole's costs the SP will fly.
We should have an update at the end August, date not yet announced. I am tempted to add.
All I can say someone must know something ordinary investors do not know. Deal financed largely via placing at 230 cents. Price initilally rose to 250 cents and has since slumped to 213 cents today with no negative news. Markets have also been pretty stable. So some trading update is needed to determine the true position here.
Someone didn't like completion of the deal, T/O in excess of 1m shares and a price drop of 8.5 cent. Thought there would be a positive reaction. We may have to wait for 1/2 year results.
Now the real work starts, $1B needs to be substantially reduced over the next few years. This will be a big winner for us.
Dole deal done!
Looks like we have had to give some concessions, however it doesn't look like we are about to walk away. The Dole debt level is a concern but we have a few years to deal with that issue. One day somebody will wave a very large cheque book in our faces, the big question is when will that date be. TOT will have done all the hard work.
SP edging back up. EC requirements hopefully won't be severe.
https://www.thepacker.com/article/european-commission-soon-decide-total-produce-dole-deal
The price should rise .................................................................... weak when I last checked
It is hard to know what is going on. But on the metrics valuation of company is very reasonable. Expansion into the states is not straight forward. Greencore, Arytza for example. However company have taken conservative approach and it is too early to have problems arise in Dole deal. I would say investorsfind this share too dull and boring at this point with recent share placing at 230 cent probably contributing to performance. Price of oil would also impact as alot of transport costs and difficult to get increase in produce prices. Still in due course this company shares will rise IMO well above current levels.
Something is not right, showing E2.17 in Dublin on t/o of 361K. Year high E2.57
Is it the level of debt that Dole are carrying which will need to be substantially reduced within 5 years?
Or are TOT unable to pass on higher costs resulting from the current weather? Suspect that TOT are having to pay a higher price for some of their lines.
Any thoughts?
EU decision will be sooner than later. https://www.independent.ie/business/irish/totals-dole-buy-to-be-assessed-in-july-37011968.html
Was enough to put a floor under price. It should recover from here. Disappointing performance to date in 2018
A whole section was given over to Dole, also showed a Dole Promo video. All very positive about the deal. Needs EU approval, expected to be slightly delayed, a lot of paper required. The deal has a "walk away" element if TP doesn't proceed to take up 51% within 5 years however on terms that are in TPs favour. The meeting was well attended, suspect quiet a few retired FFY employees Div was in my bank a/c this morning. Now �2.23 in Dublin on 167K traded
I wonder if progress of the Dole transaction was discussed at the AGM? Reading off the (very brief) trading statement RNS yesterday, completion seems to have been put back, potentially by several months? To "expected to close in the second half of 2018" from (as per the AR 1 May RNS "midsummer/by the middle of 2018".
Should be a statement @ 7AM tomorrow
And maybe some XD blues and a touch of market nerves ahead of the AGM and Dole transaction update. Still, at least Meghan Markle's joined the Board. O hang on a minute it's Michael Meghen, oh well lol
I think the weakness will be temporary, a positive AGM statement is required. You mention oil, agreed this is a major cost factor which eats into the low profit margin. On the plus side people are more conscious of what the eat and are willing to spend on real food. Take a look into other shoppers trolleys :)
It's strange. Many punters probably took up recent placement at �2.30 & when price fell back a few nervous holders probably sold. Today at 2.25. You would think company would have issued a warning if anything to suggest forecasts are changing. Oil pricemay impact as probably have large transport needs. Difficult to know. Reassurance certainly needed, expansion in states hasn't always proceeded smoothly e.g Greencore, Arytza but it appears this company has taken small steps when acquiring and not committed until pretty sure of progress. Share price will recover its poise post agm positive statement IMO.Fruit and Veg becoming more & more in demand so all positive. .[
Interesting announcement to-day, beefing up the boardroom. Connected to the Dole deal?