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What you need to know: • Organto reported Q3 financials that were weaker than expected due to weather and regulatory issues. However, Q3 revenue was still up 40% YoY and represented OGO’s 17th consecutive quarter of positive growth. • Gross margin came in at 8.6%, in line with our estimates. • While management guided for a stronger 2024, we are choosing to be more conservative with our estimates, leading to a reduction in our target price to $1.50/share (previously $2.00/share). Yesterday after
Companies: ORGANTO FOODS (OGO:TSE)Organto Foods, Inc. (OGO:TSX)
Atrium Research
What you need to know: • Organto announced that it has entered a strategic partnership with commercial farming and marketing organization, Alpasa Farms. • The partnership aims to expand OGO’s geographic footprint into the U.S., enhance sourcing capabilities, collaborate on branding, and implement AI solutions for supply chain management. • OGO continues to trade at a large discount to its peers despite improving fundamentals. This morning, Organto Foods (OGO:TSXV) announced a strategic partne
What you need to know: • Organto announced that it has expanded into Asia with an international retailer and plans to grow this market over the coming years • OGO also announced that it plans to expand into North America in late 2023 (initially with the U.S.). • OGO obtained additional debt financing of $1.05M to support growth and working capital. Organto Foods (OGO:TSXV) has reported several updates over the last month that reaffirmed our confidence in its growth strategy and positioning mov
What you need to know: • Organto reported Q2 financial results that missed our estimates on revenue but beat our estimates on gross margin and adjusted EBITDA. • Management has updated its guidance and now expects to exceed a $50M run rate at the end of 2023 and to be EBITDA positive in H1/24 (previously H2/23). • Find our recently published management interview here. Yesterday evening, Organto Foods (OGO:TSXV) reported Q2/23 financial results that were softer than our expectations on revenue b
What you need to know: • Organto announced the launch of ORO, a brand focused on premium non-GMO fruits and vegetables. This rounds out Organto’s offering and supports the Company’s ongoing transition to higher-margin branded products. • We view the material pull-back in OGO shares as a buying opportunity given the improved revenue growth profile, gross margins, and future outlook which shifted over the last few months. This morning, Organto Foods (OGO:TSXV) announced the introduction of its l
What you need to know: • Organto reported Q1 financials that were slightly ahead of our expectations and its pre-announced Q1 metrics. Revenue came in at $7.5M which represented 7% YoY and 37% QoQ growth. • Gross margin came in at 9.7% compared to 4.0% last quarter, illustrating that global supply chain and political issues are dissipating. • We are expecting further revenue growth in Q2 as the NFG acquisition is integrated and global macro issues improve. Organto Foods (OGO:TSXV) reported Q1/
Research Tree provides access to ongoing research coverage, media content and regulatory news on ORGANTO FOODS. We currently have 6 research reports from 1 professional analysts.
Carr’s Group has announced an updated strategy that offers the potential for value realisation and creation from a number of avenues. These include: value realisation of the Engineering Division; the ability to significantly reduce central costs; and longer-term value creation in the Agriculture Division as a focused business with recovery potential and a strategy to leverage its strong market positions for growth.
Companies: Carr's Group PLC
Edison
FY23 results are much in line with overall expectations, helped by a much stronger H2 production and higher purchases of independent crops helping to fill the group’s rising mill capacity. A marginally higher than expected average CPO price mill-gate price of $729/tonne drove the revenue outperformance, but the change in production mix impacted gross margins while slightly higher than anticipated interest, tax and minority charges resulted in EBIT, PBT (Adj.) and EPS (Adj.) just below our foreca
Companies: M.P. Evans Group PLC
Cavendish
The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the second year running, apart from global economic influences affecting world markets, performance in 2023 was dented by the capital-intensive nature of the sector. The HHI fell 3.7%, to 483.8, underperforming the main London markets – FTSE 100 (+3.8%) and FTSE All-Share (3.8%) but outperforming the FTSE AIM All-Share Index (
Companies: TXG NDVA TSVT BCOW Z29 TXG NCYT GNS SUN AMS OMG APH EKF EAH IMM AGL DEMG AGY TSTL IPO GDR ETX TRX HVO CTEC AVO OXB DEST VLG IXI VAL INDV AGR AVCT BAI 123F IMCR BCOW
Hardman & Co
The second full year of Greggs’ five-year growth plan to double revenue by FY26 should be marked down as very successful, especially so given the challenging external environment. Unlike many consumer-facing companies, high selling price inflation was accompanied by volume growth, leading to good market share gains. The consumer is responding well to new initiatives to grow revenue in new dayparts and digital channels. Profitability was well-managed with better recovery of input cost inflation t
Companies: Greggs plc
Companies: Anpario plc
Shore Capital
Companies: RNWH QED GRG PEBB FDM OTB LAND BOO
Ocean Harvest Technology (OHT), based in the UK, produces animal feed additives products using a composite of blended seaweed. Its patented products have been shown to enhance growth rates in livestock, increase feed efficiency and improve egg quality and quantity for laying poultry. As OHT operates in an attractive market, there is significant potential for its proprietary technology to drive volume growth as awareness of its product benefits increases, along with improving financials.
Companies: Ocean Harvest Technology Group Plc
Companies: CLA VAST CMET SRB CEY TGR
SP Angel
20th March 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object
Companies: CTL EKF IQG ANP SML VRS EQLS POLB
Hybridan
Companies: MPE ING EXR
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Companies: OHT TIDE ELCO TSTL VEL BBSN
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