11 replies to this topic

[Mr_SA]

This dam share just doesn't seem to be moving up......

[Mr.Balls]

Sovereign Food Investments Limited (Incorporated in the Republic of South 
Africa) Registration Number 1995/003990/06
JSE Code: SOV
ISIN Number: ZAE000009221
(‘Sovereign’ or ‘Group’ or ‘Company’)

Interim Unaudited Group Results for the six months ended 31 August
2014

Highlights
Net asset value up 6,5% to 865 cents
Net gearing up 1% to 7%
Revenue up 21% to R815 million
EBITDA margin up to 6,0% from 5,6%
Headline earnings per share up 49% to 28,1 cents
Earnings per share up 47% to 27,8 cents

[vlam]

Results out this Friday (or shortly thereafter).  Hopefully a more significant upward movement in the share price then, as it hasn't really moved after the trading update... :/

 

[Mr.Balls]

Someone just bought R11.8m @ R8.15

[longterm413]

<br />SOV 201409080006A<br />Trading Statement<br /><br />SOVEREIGN FOOD INVESTMENTS LIMITED<br />(Incorporated in the Republic of South Africa)<br />Registration Number 1995/003990/06<br />JSE Code: SOV<br />ISIN Number: ZAE000009221<br />(“Sovereign” or the “Company”)<br /><br />TRADING STATEMENT<br /><br />In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading<br />statement as soon as they are satisfied with a reasonable degree of certainty that the financial results<br />of the period to be reported upon will differ by 20% or more from the financial results of the previous<br />corresponding period.<br /><br />Sovereign shareholders are advised that the Company’s earnings per share (“EPS”) and headline<br />earnings per share (“HEPS”) for the half year ending 31 August 2014 are expected to be between<br />40% and 60% higher than that of the previous corresponding period. The EPS and HEPS for the half<br />year ending 31 August 2013 were 18.9 cents.<br /><br />The Company’s auditors have not reviewed or reported on the financial information on which this<br />trading statement is based.<br /><br />Shareholders are advised that the Company’s results for the half year ending 31 August 2014 are<br />expected to be published on or about 3 October 2014.<br /><br />Port Elizabeth<br />8 September 2014<br /><br />Sponsor<br />One Capital<br /><br />Date: 08/09/2014 08:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). <br />The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of<br /> the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, <br />indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,<br /> information disseminated through SENS.<br /><br /><br />

[TheLittleGuy]

ITAC find Germany, Netherlands & UK guilty of dumping in-bone chicken portions. Antidumping duties of at least 40% against importers and producers from the three countries could now be expected (SAPA have asked for duties of betw 58% -91%). 

 

http://www.bdlive.co.za/business/trade/2014/06/20/call-for-chicken-duties-as-europe-accused-of-dumping

[Mr.Balls]

SOV is a well run company with a solid balance sheet, a shareholder friendly mgmt team & an operating model that has enormous leverage to an improving environment (ASPs increasing, Maize costs coming down). SOV stock has the potential to increase significantly (>250%) going forward.

 

http://wp.me/p3RKee-7k

Very good article LittleGuy, with our cold winter this year, next years maize produce will be good and play for SOV

[Procrastinator]

I was in at 505 and out at 570, the recent trading update wasn't too hot, think the recent price spike is related to the grain feed price reduction of late and the investec stake.
Funny how these companies always trot out the same blah blah blah, tough trading conditions, blah blah, when the results are not heading in the right direction.
These food producers have to diversify their product range in order to get real growth going I think.
Sov is a bit too specialized at the moment, wouldn't it be great if to find a baby Tiger brands!, I know that's asking a lot but we can always wish.

[HDB]

was actually eying this one when it was R5.00 6 months ago. Directors wife was buying stacks.. Price seem to have run away at moment!! Will wait for a pullback to reconsider!!

 

Thanks for the heads up!!

[TheLittleGuy]

Only concern is lack of liquidity!!!

Indeed, always an issue with the smaller names. Moves will be big either way .   Pru & OMIG hold 55.2% of the stock betw them.  44.3% of shares are free float. RECM 7.5%, SIM5% & K2Capital 5%. 

[HDB]

Only concern is lack of liquidity!!!

[TheLittleGuy]

SOV is a well run company with a solid balance sheet, a shareholder friendly mgmt team & an operating model that has enormous leverage to an improving environment (ASPs increasing, Maize costs coming down). SOV stock has the potential to increase significantly (>250%) going forward.

 

http://wp.me/p3RKee-7k