FYFFES Live Discussion

KEEPING CALM MIKE 05 Jan 2017

Re: BALMORAL LAND Yes my stock was held in nominee a/c,and sold them today, there is a market , via Dublin broker. K.C.M.

KEEPING CALM MIKE 05 Jan 2017

Re: BLACKROCK SHOULD READ BALMORAL BALMOR

KEEPING CALM MIKE 05 Jan 2017

BLACKROCK I sold my Blackrock today and got euro 0.045 , ABOUT 3.65P net of dealing charges and triggered a capital Loss to use . K.C.M.

pearlsasinger 19 Dec 2016

Re: TAKEN THE MONEY GOOD BYE Well done.I still have my Total Produce holding-which climbed the day Fyffes sale was announced. Worth a look.What is the present bid price forBlackrock ??

KEEPING CALM MIKE 19 Dec 2016

TAKEN THE MONEY GOOD BYE Sold today at £1.86 , and happy to take them out, I see little prospect of any counteroffer coming through. Have been in FFY since June 2000, had dividends along the way, Total Produce de merger and Blackrock for what its worth . Good luck to those still in.K.C.

Cransy 16 Dec 2016

Re: Cransy goes Bananas Ha ha. Glad your long hold worked out too.

KEEPING CALM MIKE 13 Dec 2016

Re: Cransy goes Bananas Well thats a new strategy for investing and lucky for you too , guess you will split your gains with your mates!!!

Cransy 13 Dec 2016

Cransy goes Bananas The share that just never moved when the market did anything goes Bananas. I only bought this share to wind up my mates at my investment strategy. You'll buy anything they said. So I went and bought bananas for a bit of pub banter! 477% profit since Jan 2012. Still love their bananas. Much more yellow than competiors. Also a highly ethical company. [link] don't know how anyone can eat Tesco's bananas they are still dreadful. They've even started calling their "bananas to ripen" as they are just not ready. Shame I only had £500 in it. Well done to all holders.

north wall hammer 09 Dec 2016

Sector consolidation Fyffes sector is ripe for consolidation, is there any chance of a counter offer being brought to the table?

KEEPING CALM MIKE 09 Dec 2016

TAKE OVER £££££ Where are you all?? Take over announced, mutual agreement reached at euro 2.23 plus divi of 2 cents , which at todays exchange comes to £1.87 and the shares are now trading around that LEVEL . Great news I have been in FFY for over 10 years and delighted at the news, any one around Mr Tiger you still about ?? K.C.M.

Wexboy 09 May 2016

TGISVP - Fyffes 2016 – The Great Irish Share Valuation Project (Part I):Company: Fyffes (FFY:ID)Last TGISVP Post: HereMarket Cap: EUR 477 MPrice: EUR 1.605Fyffes bounced back nicely in the past year & a half, after being dumped at the altar by Chiquita shareholders (who voted instead for a Cutrale-Safra cash offer). While revenue was basically unchanged in 2014, adjusted EBITA/diluted EPS jumped 23% & 27% respectively. Growth continued in 2015, with revenue up 12%, while adjusted EBITA/diluted EPS were up another 14%. This was capped in early April by the C$145 million acquisition of Highline Produce, Canada’s largest mushroom producer.Highline’s revenue wasn’t confirmed, so we’re forced to rely on Fyffes’ current €1.2 billion revenue. Adjusted EBITA margin is currently 3.7%, but incorporating Highline’s pro-forma C$18 million EBITDA figure (I’d estimate EBITA equivalent to be C$14.7 million), this should reach 4.6%. Unfortunately, operating FCF’s averaged just 30% of adjusted EBITA in the last 3 years…equivalent to a mere 1.4% margin. Let’s average the two, to arrive at a 3.0% average margin, which deserves a 0.275 P/S multiple. Based on this, acquisition funding will absorb the majority of Fyffes current cash & (prudent) debt capacity. The Highline acquisition’s also pretty accretive, which should help maintain current earnings momentum, so a 14.0 P/E ratio makes sense hereEUR 0.1273 Adj Dil EPS * 14.0 P/E + 1,223 M Rev * 0.275 P/S / 297 M Shares) / 2 = EUR 1.46Fyffes looks marginally over-valued to me…but might still look cheap to growth investors, who probably don’t care about the consistent & substantial shortfall in cash earnings. However, the significant increase in debt may now place greater emphasis on cash generation, which might potentially conflict with management’s desire to continue the current earnings momentum – let’s wait & see how they square that circle. Meanwhile, let’s not forget, a potential re-merger with Total Produce (TOT:ID) is still the obvious elephant in the room – now more than ever, after the failure of the Chiquita merger…Price Target: EUR 1.46Upside/(Downside): (9)%For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog.

mcescher 27 Mar 2016

Thoughts on Fyffes Analysts expect lot of growth left in FFY, 34% next year. Not without risk. [link] What is the opinion here?

Ripley94 20 Jan 2016

Re: Sold Today Maybe should of held on ... says something when it has been unmoved when all around is crashing.Again its all about time. ( The gamble is we don't know how long we have got )

Ripley94 12 Jan 2016

Sold Today Frightening to see when i checked have held these since 1987.not sure of profit as brought @70pAnd got same amount amount of TOT and some balmoral along the way.Think there was always a DIV.Guess it must of beat saving acc interest. But much more risk and time consuming.

Ripley94 22 Oct 2015

Re: BALMORAL LAND Formally blackrock. Think its in cert somewhere can you hold in nominee ?not sure if there is a market ?