Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PRODUCE INVESTMENTS PLC. We currently have 4 research reports from 1 professional analysts.
|22Dec16 07:00||RNS||Confirmation of Board Appointment|
|13Dec16 10:40||RNS||Holding(s) in Company|
|30Nov16 06:32||RNS||Holding(s) in Company|
|29Nov16 11:54||RNS||Holding(s) in Company|
|31Oct16 07:00||RNS||Block listing Interim Review|
|28Oct16 05:13||RNS||Holding(s) in Company|
|28Oct16 10:00||RNS||Result of AGM and Board Restructuring|
Frequency of research reports
Research reports on
PRODUCE INVESTMENTS PLC
PRODUCE INVESTMENTS PLC
FY2016 Profits in line despite modest revenue beat
29 Sep 16
Produce Investments (PIL LN, BUY, T/P 210p) reported FY2016 preliminary results ahead of both our own and market expectations at the revenue level but with operating profits in line. Net revenue advanced to £185.1m from £178.4m in FY2015 – we were looking for £181.5m - while adjusted operating profits rose from £8.0m to £9.2m. Proposed full year dividend is 7.32p, a 2.2% gain on last year. The company is confident that despite challenging trading conditions, it is in “a strong position to grow.”
Digging up cash
18 May 16
Produce Investments is well placed to prosper, both in its core mainland GB potato business and in such useful additions as Jersey Royals and daffodils. A proven positive M&A track record is a major plus for a cash generative company with clearly achievable targets. In our view, valuation is attractive. BUY
Panmure Morning Note 19-01-2017
19 Jan 17
Today’s H1FY17 pre-close is more than just solid; it demonstrates FIF’s resilience. As flagged at September’s FY16 results and, as demonstrated by both November’s reassuring AGM trading statement and today’s encouraging H1FY17’s pre-close, FIF is both well-prepared and well-equipped to offset considerable input cost pressures and maintain its progress on multiple levels, whilst the scope for accretive M&A in a highly fragmented market remains an added attraction. We maintain our BUY.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
Agriculture starts FY2017 ahead of expectations
10 Jan 17
Carr’s Group’s (CARR LN, HOLD, T/P 175p) issued a statement today which confirmed that the company continues to trade in line with the Board’s expectations for the current financial year. The announcement refers to 18- week period which ended on 7th January and is the first pre-AGM statement since the disposal of the flour milling business for £36m.
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
FY trading update: strategic goals kept despite challenging environment
17 Jan 17
Sales grew organically by 6% (H2: 7.6%, in line with our forecast and slightly better than consensus of 5.7%) and 6.8% on reported figures (in line with consensus, FX: 0.8%). Excluding Russell Stover, sales grew organically 7.4%. FY OG by region: Europe +7.4%, NAFTA +3.4% and ROW +10.2% (driven by Japan and Brazil). Global Retail recorded double- digit growth.