Total Produce – Eat More Fruit!
26 Monday Dec 2011
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in26 Monday Dec 2011
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in06 Tuesday Dec 2011
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Ballymaloe relish, Charlie Haughey, exceptionals, Greencore, Net Interest/EBITA, Operating FCF, Tesco, Total Produce, Uniq
Greencore Group plc (GNC:ID or GNC:LN)
I’ve been champing at the bit for the latest Greencore results, which just came out today. They’re always enjoyable to review, and a real boost to my day. Gee, I wish I could live in Greencore’s happy world forever. It’s amazing how wonderful a picture they can paint in the pages of their annual report. Um, I mean the front pages of the report. Perhaps errant husbands or wives should commission and present their spouses with an annual report each year? With a Nov year-end, of course, so it’s always the best present under the Xmas tree. Jesus, we’d never hear of another divorce ever..!
26 Saturday Nov 2011
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Bidvest, Capespan, IFG Group, Net Interest/EBITA, pdosullivan, Price/Sales, PSG Group, share buyback, Total Produce, Zeder
Time to update my recent Total Produce post. First, a shout out to Philip at pdosullivan who emailed me to highlight Total’s increased stake in Capespan Group Ltd. There are some good follow-up comments here also. A good spot – I looked some years back, and somehow concluded Total’s shareholding was in a Capespan sub. rather than the parent company?! Based on this, I mistakenly decided not to revisit this as a component of my TOT investment analysis. Then again, the lack of transparency and disclosure from Total regarding this shareholding is rather infuriating.
10 Thursday Nov 2011
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Balmoral International Land, DCC, Fyffes, Greencore, Margin of Safety, Net Interest/EBITA, pdosullivan, Total Produce, value investing, valuestockinquisition
Mkt Price: EUR 0.39
Mkt Cap: EUR 128.7 mio
Net Interest/EBITA%: 9.0%
P/E Ratio: 5.6
P/S Ratio: 0.05
Dividend Yield: 4.6%
Fair Value: EUR 0.882
Upside Potential: 126%
Total Produce is Europe’s premier fresh produce provider. Growing, sourcing, importing, packaging, distributing and marketing over 200 lines of fresh fruits, vegetables and flowers, the Total Produce group distributes some 250 million cartons of fresh produce annually to the retail, wholesale, foodservice and processing sectors across 19 countries in Europe.