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Taste Holdings TAS


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#21 Jack5

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Posted 04 April 2017 - 06:10 PM

Interesting SENS out today, seems like they want to focus only on the food business and sell off the luxury goods business.

 

I think this is probably a good idea in the long run as these are two very different businesses and don't really have any synergies that can be worked off. They never really seamed to fit together for me.

 

Short term though might suffer due to loss of profits from luxury goods, but the biggest thing is their "claw back" offer which is essentially a rights offer. Investors don't usually like these, and the offer price is also well below the current price.


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#22 soutie

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Posted 04 December 2015 - 04:26 PM

Re: Taste...If you look at Wednesday's volume,  today's SENS confirms 2 directors were the primary cause of the spike in volume coupled with the drop in price. Same type of volumes through today also...Had time to do some more research & reckon they has bitten waaaaaay too much more than they can possibly chew in the given time frame. They will be back to market for more funds in 18mths me thinks.

 

Always stinks when directors "dump" scrip.... :( Glad I held off this one so long.


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#23 Queen B

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Posted 04 December 2015 - 04:08 PM

GPL just the same by the way. Falling knife :o


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#24 Queen B

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Posted 04 December 2015 - 04:06 PM

Sales going through at R2.55

I'm catching a falling knife!

Enough averaging down. Im gonna forget about these and look for rewards in 5 years time


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#25 soutie

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Posted 16 October 2015 - 08:27 AM

On a personal note I've been to a Starbucks & it's a load of w@nk but hey it was raining outside.....

 

Not gonna touch this one now will look again in 18mths...

As you were....


Edited by soutie, 16 October 2015 - 08:28 AM.

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#26 soutie

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Posted 14 October 2015 - 07:53 AM

Thanks Jack5....... to the other 200 odd Peek 'a' Boo  :P


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#27 Jack5

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Posted 13 October 2015 - 09:46 AM

I do own a few in my long term portfolio, and plan to add a few more with the rights offer.

 

I agree that this is a long term play, as over the next year or two it will struggle with start up costs for Dominos and especially starbucks. But I think from year 3 onwards it will start to move nicely upwards, and in 5 years it will do better than FBR.

 

I also was a bit sceptical over the jewellery business, as it does seem like an odd fit, but it seems to be profitable and they are growing at a fast pace. Economies of scale will come into play as they expand this area of the business. Also people who buy luxury goods tend to keep buying during good or bad times. Using Richemont as an example, they always seem to outperform even though economies are in recession. It's a matter of keeping up appearances.

 

IMO its a good long term buy if you get it at the right price, patience is the key.


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#28 soutie

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Posted 13 October 2015 - 08:52 AM

Morning All

 

I don't own any but after reading this mornings SENS it looks appealing for R50k & then forget about them. By that I mean they gonna take a while to roll out all these Domino's, Starbucks outlets so get the feeling could be a hockey stick kind of return ie 5yrs later generating good profits from a polished business bit like FBR is today. Plus it would be all cash no credit purchases to consider

 

Not in anyway a jewelry or watch fundie so not too pleased with that aspect of the business food & jewelry no synergies what so ever...

To be honest I'm being a bit lazy as I don't have the time available ATM to do a proper search like I normally like to....so if some of you out there could point me in the right direction mucho graciarse.....Or if others think it's a no brainer either way also mucho graciarse.....

 

Any views comments hell even guess's are all welcome..

Thanks in advance.


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