Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi, I got a full copy of the report, all 31 pages! I had a brief read, very interesting, the US story seems to be the way to go.
Hi, Tks for the up-date. Bigger margins, now that is good news.
Had access to report. Not 31 Pages. Just a resume of recent trip by some Davy researchers to its American business in California. Positive & reassuring with view being that bigger margins can be achieved in USA than Europe. All positive for future. So all good but the proof of the pudding will be in the eating. Happy to stay on board for now anyway.
Davy have just issued a 31 page report, unfortunatly I don't have access to a copy however the following is the heading: Total Produce US field trip: North American growth platform bearing fruit Roland French CFA | Morning briefing | Read Important Disclosures The emergence of a North American growth platform provides a compelling opportunity for Total Produce and a unique point of difference to its equity story. With high quality anchor investments and an in-country management team in place, the group is well positioned to deploy its successful regional organic growth and consolidation model across a dynamic and buoyant North American fresh produce market.
Surprised no talk of Amazons possible impact here anywhere. The only conclusion I can draw is that it hasn't any impact. Lets hope not. Share price reflects same. Not too worried re Brexit overall minor in context of diverse group now.
No mention of Amazon interests. I would have liked more comment on Brexit. We will have to wait to see it Davy or Goodbody issue a detailed note. They were both quite positive in their Morning Briefings. You can acces them via the RTE website, Business section, Broker reports.
Results steady. Just wondering if you know if Amazons takeover of Wholefoods in U.S. which is slashing the price of products will impact on Total Prod business there. There appears to be no talk of it affecting them but one would imagine margin erosion could result. Any thoughts or do I not have a clue what I am talking about?
Total Produce plc confirms that it will release its interim results for the six months to 30 June 2017 on Thursday, 31st August 2017 at 7am.
FFY was my big one, a multiple of TOT. Recently added BIRG (in profit) I have GVC as a result of T/O of PRTY, results due mid Sept. One day I will show a profit however it may take another year. If the US ever gets its act together then somebody should make a move. DYOR TOT: Still no date for results, should be around 30th August
Still looks good. Price on steady rise. Has a mix of earnings now with USA a bigger contributor. Wonder if margins better there than Europe. Also expect more corporate activity by company & of course itself could become a target. All in all doesn't cost me sleep like some shares I have had in the past. One learns as one goes along. Do you have any other Gems like this. I think ICG is another sleep easy stock despite Brexit and will do well over time but DYOR, just my opinion.
Checked the 2016 report, they split figures for Europe between Europe EU & Europe non-EU. They do have a sizeable presence in the UK. Sept report may give further guidance.
Good to see this hit £2, €2.216 in Dublin as I write. Results due around 1st Sept, date not announced yet. High £ earnings could be an issue however I suspect that this issue is priced in for the moment. I don't know % of £ earnings / T/O. Must check the annual report over the weekend. Enjoy
Onwards and upwards. Difficult to know where this one will stop. Hard to know when to press the sell button. Own these 3/4 years now and certainly my favourite share but more to go IMO.
Onwards and upwards. Difficult to know where this one will stop. Hard to know when to press the sell button. Own these 3/4 years now and certainly my favourite share.
Closed at €2.20 in Dublin, all time high. Volume just over 50k which is low.
Still going strong, traded at 2.192 earlier in Dublin. I suspect someone will notice within the next 24 months. €3 would be nice. TOT doesn't have the labor issues that resulted in the price that FFY cashed out at. DYOR
Looks like we are the only 2 lads following this share. Fuel staying low should also help here as this company has many vans etc. doing deliveries and other Fuel associated costs. Share price could go much higher yet but a slow burner
I had hoped to attend, didn't happen. Business doing very well. Hopefully they will build further over the next 12 to 24 months and then somebody will see the real value. Good luck to all holders.
Things running smoothly, onwards & upwards. Still not expensive plenty value in it still
Closed at €2.04, it will be interesting to see if it holds. Had a quick read of the annual report, reads very positive.
As I say only way is up but a slow burner. Better than turning in the bed like one can be with many other stocks.
Closed at 199, not bad.
Subject sums this one up
Subject sums this one up
Having split from banana importer Fyffes in 2006, Total Produce (TP) is the fruit & veg delivery man gone global, writes Brian Carey. Sales last year reached €3.76bn and cash operating earnings were €94.8m. The company operates in 23 countries. Despite its market lead position in Europe, it only controls 5% of the market. Much of the growth in 2016 was achieved in America, through the acquisition of a 65% stake in Progressive Produce, a Californian grower, packer & distributor of onions 7 potatoes. TP also hiked its stake in Oppenhimer, its Canadian business from 35% to 65%. Since buying into Oppy in 2011, revenues have doubles and the company recently entered a joint venture with T&G Global, a New Zealand company, to ship fresh produce from the USA to Asia. With net debt of just €48Mm, TP has plenty of scope for further acquisitions. The McCann family – bolstered by their cash out at Fyffes, and a 11.8% shareholder here – are not short of ambition, and the chairman Carl is an experienced operator. Trading at 14.8 times forecast 2017 earnings, the share trades close to Merrion’s analyst Darren McKinley’s price target of €2. It may require a deal to break through the €2 level.