Broncomaniac
22 Apr 2015
Re: Credit Suisse cuts rating Well at least that explains why they were down 5% today.
Rhigos
22 Apr 2015
Credit Suisse cuts rating [link] like market puts more credence to Credit Suisse than Deutcher Bank. This is bad for me as only bought 8 days ago and they have already gone below my tight 6% stop loss. Strikes me sell-off over done but wish I had not bought now. There was a golden cross and fundamentals look good, particularly yield, now 4.5% and steadily increasing dividends. Think I need to widen stop-loss, not ready to get out yet. Hope there will be a bounce tomorrow.
nk1999
21 Apr 2015
Re: Today's RNS Dividend commitment symbolises that they are confident of the cash generation by the slimmed down Tate...."4. Dividend •The Board recognises the importance of dividends to shareholders and remains committed to the dividend policy it implemented in 2009. Underpinned by the confidence it has in the strategy of the business, the Board intends to recommend an unchanged final dividend for the year ended 31 March 2015 of 19.8p to make a total for the year of 28.0p, an increase of 1.4%. Further, the Board intends to maintain the total dividend payment at 28.0p for the year ending 31 March 2016. "nk
Rhigos
21 Apr 2015
Sugar ABF's results a bit worrying regarding low sugar prices as I would have thought that would effect TATE. On reflection may be OK as they are a supplier rather than a producer so cheaper raw material should help. It could drive down price of sugar substitutes though. Not a huge fall in TATE SP today.
Broncomaniac
21 Apr 2015
Re: Today's RNS There doesn't appear to be any mention about what they will use the £240m sale proceeds for, so I suppose it will just be 'general corporate purposes'. Sustains the dividend in the short term, but as it is EPS dillutive it weakens the dividend sustainability longer term unless they do a share buy back. That is quite a hit they are taking on closing the Singapore facility (£115m impairment), but it seems sensible.Definitely will be a slimmed down group, with more cash, so a more attractive target!
schwee
21 Apr 2015
Today's RNS Clearing the decks. Somebody will have a go soon.
nk1999
08 Apr 2015
Telegraph- Questor "Tate & Lyle shares rise on deal talk: Investors in Tate & Lyle enjoyed more good news as markets digested the bid interest in its Splenda sweetener business. The FTSE 100-listed company said last week that pretax profits would come in “modestly below” the £230 million estimate it provided for the market in September. After three profit warnings in the past 12 months, that was enough to send the shares higher. This week has brought more good news for investors as Ajinomoto, the maker of the low-calorie sweetener aspartame, is said to be interested in Tate’s Splenda business. Tate management are currently reviewing their options with Splenda and are due to announce the results of that in late May. The majority of Tate & Lyle sales are focused on the United States, where the bulk ingredients division, which manufactures corn syrup for the drinks industry, generates 70% of group sales and about 45% of profits. The stable profits and the bid interest have seen Tate’s shares gain almost 8% during the past seven days. The shares will always have something of a floor provided by a dividend, which offers a prospective yield of 4.7%, but until the profits start growing again they are a hold. Tate & Lyle at 643p+17p. Questor Says “Hold”.nk
nk1999
05 Apr 2015
M&A News "Japanese buyer gets the sweet tooth for SplendaAjinomoto, the maker of aspartane, said to be interested in Tate & Lyle's Splenda......"[link]
contrasena
02 Apr 2015
Re: future Hawk Eye32, (well named!). Yes, I'm getting too excited.
Hawk Eye32
02 Apr 2015
Re: future Market closed tomorrow, so you will to wait until Tuesday!,,
contrasena
02 Apr 2015
Re: future Many thanks for your response. Nice to see approx. 5+% rise last two days. IF UP TOMORROW then maybe something up?Check
nk1999
02 Apr 2015
Deutsche Bank From Citywire:"Tate & Lyle leaving a bitter taste but it will get sweeterAnalysts at Deutsche Bank remain convinced of sweet maker Tate & Lyle’s (TATE) potential despite setbacks.Deutsche Bank analyst Harold Thompson retained his ‘buy’ recommendation and target price of 750p on the stock but adjusted earnings down. The shares fell 0.4% to 595.1p yesterday.‘In January 2011, we turned positive on Tate & Lyle as we warmed to the group’s new strategy…This was set to transform a company with a rocky past into a reliable ingredients focused company which would ultimately enjoy steadier earnings and attract a higher valuation,’ he said.‘Although the first two years of our positive views looked judicious, the last 18 months have been the exact opposite. Following a series of profit warnings in 2014, we have reappraised our views from scratch. Although we have adjusted our earnings down for the latest news and our target remains 750p, we remain convinced.’ "
In the dark yet again
02 Apr 2015
Re: future It's true that there are rumours. Whether there is any substance to them, who knows? However there have been intermittent T/O rumours about TATE on and off for the last 7 years or so but nothing has ever materalised. The current rumour is about Bunge, a large US agribusiness/food producer. It's not the 1st time they have been linked. Bunge tried but failed to buy Ingredion back 2008/09 (not massively dissimilar to TATE) and they have been sniffing around ever since. 3 profit warnings with the usually associated sharp fall in the SP and the strong $ clearly does put TATE in the frame but I haven't heard or seen anything concrete.Hey, they journos and city types have to do something on a quiet day so why not a bit of idle speculation? One day they'll get lucky, ...even a stopped clock is right twice a day.Regards,ITDYA
contrasena
25 Mar 2015
future I understand that there are take-over/merger rumours regarding this company. Anyone know if these arte true? Recent activity does not seem to support such rumours.
deepsleeves
16 Feb 2015
Re: Upgrade None of the reasons put forward for the upgrade seem related in any way to management competencybit of a worry and glad TATE are less than 3% of my investments.Seems like any offer should be welcome with both arms as current management have shown little leadershipDeep
