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Food Empire
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GSS ENERGY - The NEW ENERGY PLAY BULL
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think2profit
Master |
18-Jun-2016 12:11
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From what i read, Cafe Bene is likely to affect her bottom negatively in 2nd quarer result. Hope the indo china market can give some sense of protection but brexit/fed raising rate will accelerate currency depreciation across asia which doesn' t bode well for food empire |
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appleronaldo
Veteran |
18-Jun-2016 07:54
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this one next bestworld? |
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Feverfire
Veteran |
17-Jun-2016 12:24
Yells: "Make money work for you" |
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sorry. i think should be in August.
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Feverfire
Veteran |
17-Jun-2016 12:21
Yells: "Make money work for you" |
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awaiting for the 2nd quarter to be out in July. |
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johnng
Supreme |
17-Jun-2016 11:36
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CHIONG LA |
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Feverfire
Veteran |
09-Jun-2016 15:15
Yells: "Make money work for you" |
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Good buying opportunity. |
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Feverfire
Veteran |
31-May-2016 10:17
Yells: "Make money work for you" |
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It's your call bro. I can't keep buying. I'm under surveillance by my compliance. =(
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think2profit
Master |
31-May-2016 09:50
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Buy in dip?
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Feverfire
Veteran |
31-May-2016 08:22
Yells: "Make money work for you" |
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Relax bro. 40 cents is easily attainable. I'm looking at a tp of 52 cents.
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Secret_Squirrel
Elite |
31-May-2016 00:24
Yells: "Stay curious but skeptical" |
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Today closing at 37.5 cents up 4 cents. Highest at 38 cents. Hopefully can chiong some more
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Feverfire
Veteran |
28-May-2016 19:40
Yells: "Make money work for you" |
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Why not. CF is increasing compared to past year. At least 40 cents in near term. | ||||
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Secret_Squirrel
Elite |
28-May-2016 17:08
Yells: "Stay curious but skeptical" |
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Up 3 cents close ar 33.5 cents. Highest at 35 cents yesterday. Is this price sustainable?
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Secret_Squirrel
Elite |
24-May-2016 21:06
Yells: "Stay curious but skeptical" |
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Still 31 cents after 1 week.
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Feverfire
Veteran |
17-May-2016 20:53
Yells: "Make money work for you" |
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The major risk is fx. But looks like short term usd is dovish. So upcoming revenues will be good.
Vested. |
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yuncong
Member |
17-May-2016 20:43
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Price currently at .31
Day one of white candle Close the highest of all May continue to march higher Can watchlist it |
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waters
Senior |
12-May-2016 12:10
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commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months. Global oil prices continue to remain volatile amid concerns of global oversupply and the weak global economic outlook. As a result, currencies of the Group&rsquo s key markets such as Russia and Ukraine remain vulnerable and may affect the Group&rsquo s financial performance in the foreseeable future. On the other hand, the Group has achieved meaningful geographical diversification with its breakthrough in Indochina and will continue to nurture and develop these new markets. Efforts are also underway to push for an expansion of its product portfolio, particularly in the coffee and beverage capsule business through the production, marketing and distribution of its proprietary &ldquo Coffee One&rdquo and Nespresso compatible systems. The Group will continue to bring up the utilisation levels of all its upstream projects, which include the non-dairy creamer plant, snack factory, the beverage manufacturing facility in Malaysia and the instant coffee plant in India. It will also intensify marketing efforts in FY2016 to achieve better operational and financial performance. As announced on 18 March 2016, as part of the Group&rsquo s growth plans to move into the downstream business, it has successfully taken a minority stake in Caffebene Co., Ltd. (&ldquo Caffebene&rdquo ), one of South Korea&rsquo s largest coffee house chains via the subscription of new shares by its 51% owned subsidiary, Hallyu Ventures Pte Ltd. The Group is working with Caffebene to explore commercial and strategic opportunities. |
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waters
Senior |
12-May-2016 12:09
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Balance Sheet & Cashflow Inventories increased from US$40.1 million at 31 December 2015 to US$45.4 million as at 31 March 2016 due to translation gain of inventories held in currencies other than the US dollar, slow down of sales in the CIS countries and a change in business processes from distributor importer to direct import model for our operations in Kazakhstan. Investments in associates increased from US$7.6 million as at 31 December 2015 to US$15.9 million as at 31 March 2016 due to the Group&rsquo s investment in Caffebene Co., Ltd. The Group&rsquo s borrowings were US$44.1 million as at 31 March 2016, compared to US$39.5 million as at 31 December 2015. This increase was largely attributed to additional trade loans taken up for the Group&rsquo s India operations as well as for the Group&rsquo s investment in Caffebene Co., Ltd. The Group&rsquo s net operating cash flow position improved, with a net operating cash inflow of US$0.6 million in 1Q2016, compared to a net operating cash outflow of US$3.9 million in 1Q2015. The Group&rsquo s cash and cash equivalents was US$24.1 million as at 31 March 2016, compared to US$27.5 million as at 31 December 2015. The Group&rsquo s net assets as at 31 March 2016 were US$143.1 million. The net asset value per ordinary share (excluding non-controlling interests) as at 31 March 2016 was 26.77 US cents as compared to 25.78 US cents as at 31 December 2015. |
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waters
Senior |
12-May-2016 12:07
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Profitability For 1Q2016, the Group recorded a net profit after tax of US$3.9 million compared to a net loss after tax of US$4.5 million in 1Q2015 mainly due to more favourable exchange rates coupled with higher selling prices. For 1Q2016, selling and distribution expenses decreased by US$1.0 million from US$8.7 million in 1Q2015 to US$7.7 million. The decrease was mainly attributed to lower expenses for advertising and promotion activities. In 1Q2016, the Ukrainian Hryvnia weakened from 23.9 Hryvnia per US dollar on 31 December 2015 to 26.2 Hryvnia per US dollar on 31 March 2016. Over the same period, the Russian Ruble strengthened to 67.6 Ruble per US dollar on 31 March 2016, compared with 72.9 Ruble per US dollar on 31 December 2015. As the Group is economically exposed to both markets, it was affected by the revaluation of its outstanding trade receivables denominated in currencies other than the US dollar. |
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waters
Senior |
12-May-2016 12:04
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Food Empire announced its 1Q 2016 results. Looks like it have turned around. Foreign exchange gain US$2.746m for 1Q 16 Foreign exchange loss US$7,991m for 1Q 15 Net asset value per ordinary share (USD cents) @ 31-Mar-16 : 26.77 Profit/(loss) per share Based on existing issued share capital (USD cents) for 1Q 16 : 0.75 Revenue for the first quarter ended 31 March 2016 (&ldquo 1Q2016&rdquo ) was US$50.5 million, a year-on-year (&ldquo yoy&rdquo ) decline of 1.8% compared with the US$51.4 million revenue recorded in 1Q2015.
In 1Q2016, sales of the Group&rsquo s largest market, Russia, decreased by 4.4% to US$24.3 million compared to US$25.5 million due to weakening of the Russian Ruble against the US dollar on a yoy basis. In local currency terms, Russia recorded higher revenue due to increase in selling price.
In the Group&rsquo s Ukraine market, sales improved by 20.0% from US$4.3 million in 1Q2015 to US$5.2 million in 1Q2016 due to higher selling price.
In the Group&rsquo s Kazakhstan market and CIS countries, sales decreased by 52.2% from US$8.0 million in 1Q2015 to US$3.8 million in 1Q2016 due to soft consumer sentiment, the weakening of local currencies and the change in business processes from distributor importer to direct import model.
In the Group&rsquo s Indochina market, sales increased by 43.4% from US$6.0 million in 1Q2015 to US$8.6 million in 1Q2016 as a result of higher sales due to wider distribution channels, aggressive advertising and promotion activities.
Sales of the Group&rsquo s Other Markets grew by 11.7% from US$7.7 million in 1Q2015 to US$8.6 million in 1Q2016 due to higher sales contribution from the non-dairy creamer plant in Malaysia.
http://foodempire.listedcompany.com/newsroom/20160511_190331_F03_IZ2U5QRI8CMOJOH4.1.pdf |
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think2profit
Master |
02-May-2016 22:10
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Food Empire has not issued any div for last two years and it will take a while to turn caffee bene around. may see a few quarters of loss and another year without div. Don' t see short term catalyst to drive price up. |
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