FFF - Forbidden Foods

[System]

Forbidden Foods is a diverse multi‑brand food and beverage company focusing on the wellness and organic markets, with various national and international sales channels.

The Company produces healthy food products under three primary brands – Forbidden, Sensory Mill and Funch.

Forbidden Foods was established in 2010 with a vision to provide Australia with the very best health foods and to meet growing consumer demand for differentiated, health‑orientated products. Forbidden Foods recognised the demand for healthy, better‑for‑you food products and its brands are attractive to health conscious consumers who demand premium products.

By 2016, Forbidden Foods had expanded its operations, establishing a New Zealand distribution centre and supplying a variety of rice and rice flour products. In 2018, Forbidden Foods successfully expanded the existing Australian rice flour accessible market from 3 types of flour to 35. Today, Forbidden Foods has a diverse health foods retail and food service range and exports to customers in New Zealand, Ireland, Singapore and the United States.

Forbidden Foods has a diverse range of customers within the Food and Beverage Industry operating within retail (major and independent), food service, food manufacturing and quick service restaurants. Through its distribution channels, the Company has access to over 3,500 retailers, 500 food service and QSR customers.

It is anticipated that FFF will list on the ASX on 31 August 2020.

https://www.forbiddenfoodsgroup.com

 

[Dona Ferentes]

maybe one for the punters ... seeing WOA and PFT have run so well??

ASX site still has them likely to IPO on 31 August
https://www.forbiddenfoodsgroup.com/

How could you go wrong,with products like:
Forbidden® .. a rice foods company with a goal of providing rice through all stages of life. It supplies organic rice, conventional rice, rice flour in retail and food service.
FUNCH – Fun, Family, Food. Lauched 2012; these three words help FUNCH strive to provide better-for-you family food products made from clean ingredients to help young families grow healthy, strong and save time to spend more time together.
Sensory Mill®. Launched in 2019, Sensory Mill is home of plant-based foods – exotic, weird and wonderful ingredients. We strive to inspire, innovate and educate ways to apply these foods to everyday life.

(What happened to Thr1ve?) (or FNP, for that matter)

 

[Dona Ferentes]

The rise of home cooking in COVID-19 lockdowns and the increasing interest by consumers in plant-based foods have combined at the right time, say the founders of Forbidden Foods.

Chief executive Marcus Brown said all of the group's main brands – Forbidden, Sensory Mills and Funch – are entirely plant-based across a range of products including black rice, protein balls, organic baby food and puree, and specialist flour and powders. "A lot of the home-eating trend has come right through,'' he said.

Forbidden Foods products are sold in about 3500 retail outlets across Woolworths, the IGA independent retail stores supplied by Metcash, Drakes supermarkets and Costco. The company also supplies items to fast food chains including Hero Sushi and Zambrero.

Mr Brown said Forbidden Foods, established in 2010, ran a ''capital-light'' model where it outsourced production and packaging. E-commerce sales have also been rising fast in the past six months as consumers bunkered down at home. Mr Brown said online sales had climbed tenfold in the past six months and were expected to keep accelerating. "That's a big part of the business in the future,'' he said. "It's easy to scale.''

Forbidden Foods mainly uses Australia Post for its deliveries and Mr Brown said in the latest stage four lockdowns in Melbourne there had been some slight delays. But customers were very understanding about delivery logjams, he said.

Forbidden Foods sells about 10 per cent of its products overseas, with New Zealand the main export destination. Some product also goes to the United States and Britain. He said China would be a future target once the trade spat between Canberra and Beijing settled down.

IPO at 20c.... first day:

 

[over9k]

Anybody get in on the IPO and can give us a summary to save us all spending hours & hours looking into the company?

 

[aus_trader]

OK I googled FFF and this hot video popped up. Can't believe what FFF stands for according to the clip. WTF


Definitely Forbidden !

 

[galumay]

Anybody get in on the IPO and can give us a summary to save us all spending hours & hours looking into the company?

I didn't partake, but based on the prospectus, I am not sure how they raised enough to go ahead with the float. Its a dog of a business, loss making, debt ridden, commodity price taker.

No doubt it will take off and moon in this market!

 

[Dona Ferentes]

I didn't partake, but based on the prospectus, I am not sure how they raised enough to go ahead with the float. Its a dog of a business, loss making, debt ridden, commodity price taker.

No doubt it will take off and moon in this market!

aw, c'mon, @galumay . Don't you need 35 types of rice flour? Here's to a nuanced diet.
But, on the positive side of spin, am glad rice is plant based. Still.

 

[galumay]

I almost expected the "meat free rice", or "cholesterol free flour" labels in the hype!

 

[Dona Ferentes]

IPO at 20c.... first day:

After 5 days on the bourse .... am tipping 20c again.

 

[Dona Ferentes]

Up 25 per cent today, though you'd hardly know it from the Since Inception graph of its performance.

They have a marketing opportunity for their "health bar" Blue Dinosaur. Never heard of it. Food technology, preservatives, wrapped in plastic.

For Fs Fake

 

[Dona Ferentes]

time to revisit (from a safe distance) this yapper. For a $2M company, it makes a lot of noise.

Q3 FY2024 Quarterly Activities Report: Strong momentum in operating cashflows underpinned by strategic manufacturing agreement to drive margin growth

Key Highlights
• Acceleration in trend growth towards cashflow break-even with another material reduction in net operating cash outflows to ($201,000), an improvement of $360,000 on the previous quarter and $580,000 on the prior comparative period
• Ongoing focus on cost management, evidenced during the period by a $354,000 quarterly reduction in product manufacturing and operating costs
• FFF further consolidated the positive trend in net operating cashflows during the period via strategic manufacturing agreement with Edenvale Foods, an SQF certified facility which specialises in upcycling farm seconds for nutrient dense snack bars
• Agreement with Edenvale is expected to unlock significant cost efficiencies and margin growth across the group’s flagship Blue Dinosaur product range, along with increased flexibility to scale production
• The group’s expanded manufacturing base is also expected to underpin a near-term turnaround in sales momentum after Q2 CY2024 sales were capped by constraints on supply of high-margin SKU’s
• Appointment of Mr Michael Ryan, a Chartered Accountant with 30 years’ industry experience, as new Chief Financial Officer
• Post quarter-end, Company completed successful capital raise with firm commitments to raise $0.6m via a Share Placement priced at $0.018 per share – a 27.4% premium to the 15-day Volume Weighted Average Price of FFF shares prices to the date of the announcement.
.

.
... and could someone illuminate how, in point 3, upcycling farm seconds are beneficial to consumers' health?

 

[divs4ever]

TRADING HALT REQUEST

– ASX: FFF

Forbidden Foods Limited (FFF or the Company) hereby requests that a trading halt of its securities be granted by ASX with immediate effect today, on Monday 12 August 2024.

For the purposes of Listing Rule 17.1, the Company provides the following information:
(a) The trading halt is requested pending an announcement by the Company regarding a material acquisition and a proposed capital raising.
(b) FFF requests the trading halt remain in place until the commencement of trading on Wednesday, 14 August 2024 unless before that time FFF makes an announcement with respect to the material acquisition.(
c) FFF is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt.

This announcement has been authorized by the Board of Forbidden Food Limited.

Yours sincerely,

i do not hold this share

very low priority on my watch-list .. but it IS on it