HLF - Halo Food Co.

[System]

Keytone is a New Zealand-based manufacturer, packer and exporter of dairy and nutrition blended products, with a current focus on powdered dairy products. Keytone's business model is aimed at generating revenues from the sales of high-margin, value-added products under its own brand, as well as from manufacturing and packing products for leading supermarkets, retail chains, dairy producers and other customers under the customers' private label brands.

Keytone owns a purpose-built packing and blending facility. Located in Christchurch, New Zealand, this facility has a nominal maximum production capacity of approximately 1,500 tonnes per annum and is one of the few facilities dedicated to dairy and nutrition sachets and plastic jar products in the South Island of New Zealand, a fast growing dairy region of New Zealand. Being in this region enables the majority of Keytone's ingredients to be sourced from local New Zealand suppliers.

The majority of Keytone's products are exported to China and other Asian countries for sale in a variety of channels, including major supermarket chains, premium retail channels and online marketplaces. In addition, Keytone sells its products domestically in New Zealand and abroad in Europe.

It is anticipated that KTD will list on the ASX during June 2018.

https://www.keytonedairy.com

 

[greggles]

Keytone Dairy Corporation listed on Wednesday at an issue price of 20c. It closed today at 38c.

A 90% gain in the first three days of trading is an exceptionally good result for a new IPO.

Clearly there is a lot of demand out there, likely due to the widespread interest in organic dairy products, especially those of the powdered variety destined for the Chinese market, which is precisely what Keytone Dairy do.

 

[greggles]

Keytone Dairy made a solid move up yesterday from 37.5c to 43.5c, finishing at its high of the day. This morning it gapped up, opening at 45c and is currently trading at 46.5c.

No news or obvious catalyst for the share price increase so I'm expecting an ASX price and volume query sometime today. Volume is up and sellers are in short supply. I wouldn't be surprised to see this crack 50c very soon.

 

[greggles]

Keytone Dairy Corporation up another 31.03% to 57c today on volume of over 10.7 million shares. Still no news to speak of. I suppose whatever is motivating all this buying will be revealed soon enough.

 

[stockartist147]

 

[Saffer]

Will KTD follow A2M

 

[Ann]

Keytone Dairy posts increased sales figures and strong growth for March quarter

New Zealand-based Keytone Dairy Corporation (ASX: KTD) has capped off a positive financial year’s performance with increased sales figures and a number of milestones achieved during the final quarter of 2019.

In its March quarterly released today, the newly-listed company reported an increase in total sales revenues and cash inflows from sales compared with the December quarter, translating into a significant uplift in year-on-year performance.


Total sales revenue was up 31% for the three months to March and cash inflow receipts were up 43% to $819,000.


Net cash outflows from operations were negligible at $63,000, compared to an operating “cash burn” of $537,000 in the December quarter.


Cash outflows for new plant and equipment purchases totalled $528,000, with the items earmarked for a manufacturing facility currently being built in Christchurch. More...

 

[greggles]

More good news for Keytone Dairy today with news that it has signed a manufacturing and supply contract with Walmart China to supply Sam's Club-branded private label whole milk powder and skim milk powder to Walmart's Sam's Club in China. Sam's Club has a total of 18 superstores in China, located in Beijing, Shanghai, Shenzhen, Guangzhou, Fuzhou, Dalian, Hangzhou, Suzhou, Wuhan, Changzhou and Zhuhai.

It's a great result for KTD to win a manufacturing and supply contract with a global giant like Walmart. Getting a foothold in the Chinese market should do good things for Keytone's profile in the region and hopefully lead to further sales growth.

Unsurprisingly the KTD share price has surged following the news and is currently up 37.50% to 66c on volume of more than nine million shares. A well deserved breakout.

 

[System]

On November 9th, 2021, Keytone Dairy Corporation Limited (KTD) changed its name and ASX code to Halo Food Co. Limited (HLF).

 

[Dona Ferentes]

FY21 has proven to be another strong year of growth for Keytone as we pursue a bright future in the health and wellness market. Moving forward, the company will seek further opportunities and an accelerated growth agenda under what I trust will be the group’s new corporate name, Halo Food Co. The strategic change to Halo Food Co is a fresh, contemporary and relevant name representing the diverse operations and capabilities of the group in health and wellness. The dairy origins of the group will continue to be a core pillar of operations, invested in and grown as they have been over the proceeding years as evidenced by the success of the New Zealand business.

Over the course of FY21 Keytone top line revenue has continued to accelerate, realising sales of more than $50m compared with $22.5m in the prior financial year. The group grew the proprietary branded business to a size 6.5x larger than the prior financial year while simultaneously growing the contract manufacturing business and serving the needs of our national and international client base.

The group now operates across a growing footprint of seven sites, five being in Australia and two in New Zealand. These sites offer a robust and diversified manufacturing and operating base with a broad capability including, dairy and sports nutrition powders, long life UHT drinks, protein bars, healthy snacking and fudge. The sites are spread across Victoria and New South Wales, Australia and Christchurch, New Zealand.

.... moving away from dairy to plastic wrapped impulse buys

 

[entropy]

FY21 has proven to be another strong year of growth for Keytone as we pursue a bright future in the health and wellness market. Moving forward, the company will seek further opportunities and an accelerated growth agenda under what I trust will be the group’s new corporate name, Halo Food Co. The strategic change to Halo Food Co is a fresh, contemporary and relevant name representing the diverse operations and capabilities of the group in health and wellness. The dairy origins of the group will continue to be a core pillar of operations, invested in and grown as they have been over the proceeding years as evidenced by the success of the New Zealand business.

Over the course of FY21 Keytone top line revenue has continued to accelerate, realising sales of more than $50m compared with $22.5m in the prior financial year. The group grew the proprietary branded business to a size 6.5x larger than the prior financial year while simultaneously growing the contract manufacturing business and serving the needs of our national and international client base.

The group now operates across a growing footprint of seven sites, five being in Australia and two in New Zealand. These sites offer a robust and diversified manufacturing and operating base with a broad capability including, dairy and sports nutrition powders, long life UHT drinks, protein bars, healthy snacking and fudge. The sites are spread across Victoria and New South Wales, Australia and Christchurch, New Zealand.

.... moving away from dairy to plastic wrapped impulse buys

The upbeat announcements are yet to be reflected in the share price: short, medium and long-term graphs are underwhelming, current price $0.12. Chayna victim??

 

[Dona Ferentes]

The upbeat announcements are yet to be reflected in the share price: short, medium and long-term graphs are underwhelming, current price $0.12. Chayna victim??

Just having a look ... debt. lack of market penetration? The shareprice started well in 2018, making it from 20c IPO to 60c in April 2019 but has since slumped to around 12c.

To me the supermarket sheves are full of gimmicky product wrapped in plastic and touting marvellous health benefits, but the reality is just some production line food technology offering of marginal benefit. Freedom Foods lingers in my mind.

(won't eat, won't touch)

 

[peter2]

Good to see we didn't spend any time looking at this company, Halo Food Co, as it's gone into bankruptcy.
Lots of cap raises with nothing to show for them.

 

[divs4ever]

Good to see we didn't spend any time looking at this company, Halo Food Co, as it's gone into bankruptcy.
Lots of cap raises with nothing to show for them.

thanks for making feel me good today ,

saw 'the dairy craze ' a few years back , and thought and thought and ended up buying CLV during the 'tainted milk scandal '

CLV turned around ( with the support of SOL ) many others in the sector didn't

in fact it might be worth a little research into the survivors , to see if there are any gems left

i originally skipped over the sector because of ' seasonality of production' ( bad years and good years ) paired with unreasonable share prices ( and plenty of competition )

but maybe a little study here ( on Halo .. it was Keytone in the early days ) will help the novices develop a working caution system , for other interesting companies

 

[Dona Ferentes]

ASX code: HLF ACN 621 970 652

Appointment of Liquidators

Notice is hereby given that Michael Korda and Robert Hutson of KordaMentha were appointed Liquidators of the Company and the companies in the attached schedule on 30 January 2024. Pursuant to Section 436A of the Corporations Act at the Second Meetings of Creditors of the Companies held on 30 January 2024, the creditors of the Companies resolved that the Companies be wound up under Section 439C(c) of the Act and that Michael Korda and Robert Hutson be appointed Liquidators.

As per our previous announcement David Hardy, Ryan Eagle and Emily Seeckts of KPMG were appointed as Receivers and Managers of the Companies on Friday, 25 August 2023.
The Receivers and Managers continue to have day to day control of the assets and trading operations of the Companies.
We confirm that the Liquidators have put in place arrangements to respond, free of charge, to members’ and creditors’ queries in relation to the consequences and progress of the external administration.