OJC - The Original Juice Co.

[aus_trader]

Looks like FOD is testing the 18.5c resistance with all the news flow that is coming out. Today executed a juice supply contract in China which came only a few days after the supply contract win with ALDI.

 

[barney]

Looks like FOD is testing the 18.5c resistance with all the news flow that is coming out. Today executed a juice supply contract in China which came only a few days after the supply contract win with ALDI.

Solid Volume too …. Looks good!

 

[Ellen Green]

Chart looks solid. Looking for breakout at 0.20.

 

[kid hustlr]

Not a classic one for me but a speccy at new recent highs which appears to have broken through VCP is enough for a punt in the tipping comp!!

 

[aus_trader]

Given that FOD has pulled back to around the 13c levels I have picked it for the 2019 tipping competition. I think it could do well and break above the recent high of around 20c if the revenues start flowing in from the recent deals with China. Perhaps further positive news may result price rises too going into 2019.

 

[Darc Knight]

FOD down 39% today. They released an announcement at 4.03pm today. A lot of positive news in there, how much is already public I'm not sure.

https://www.asx.com.au/asx/share-price-research/company/FOD

 

[barney]

FOD down 39% today. They released an announcement at 4.03pm today. A lot of positive news in there, how much is already public I'm not sure.

https://www.asx.com.au/asx/share-price-research/company/FOD

Just about to type on this one DK ………. Been very unloved since it looked promising a couple of months back and belted for six today

No idea why the drop, but the chart says hang on tight (unless it does a BIN of course) ……….

At least your Entry price is good for the Monthly Tipping comp

 

[Zaxon]

Been very unloved since it looked promising a couple of months back and belted for six today

Yup. I sold out of it a few months back. Saw this thread so I checked back in on it. FOD's even gotten worse.

 

[Ann]

Yup. I sold out of it a few months back. Saw this thread so I checked back in on it. FOD's even gotten worse.

Embattled Retail Food Group slumps further

Struggling Gloria Jeans and Donut King operator Retail Food Group has slumped to an $111 million first half loss as cafe sales dive, outlets are shut, and poor press clings to franchise opportunities.

Profit at the Brumby's Bakery, Crust, and Michel's Patisserie owner fell by 25 per cent for the six months to December 31 following $123.7 million in impairments, write-downs and provisioning, while total revenue dipped 3.4 per cent to $170 million.

The company said full-year earnings are expected to slide by at least a 32 per cent.

Retail Food Group has struggled financially since accusations in late 2017 that its franchisees had been run into the ground with exorbitant fees, high marketing and food costs, poor quality food and a lack of support.

The company registered a $306.7 million full-year loss in FY18 and accelerated its store closure program in August. More...

 

[Zaxon]

Retail Food Group has struggled financially since accusations in late 2017 that its franchisees had been run into the ground with exorbitant fees, high marketing and food costs, poor quality food and a lack of support.

That's Retail Food Group. The Food Revolution Group sells orange juice etc to places like Aldi and China.

 

[Ann]

That's Retail Food Group. The Food Revolution Group sells orange juice etc to places like Aldi and China.

Oops, thanks Zaxon!

 

[Ann]

OK so why such a massive dump of 39.13%?
I took a look at the announcements and I am dreadful at FA figures but it appears their
EBITA adjusted HY ended for Dec 31st 2017 was $1,018,173 and HY ended Dec 31st 2018 (638,784)
There is an enormous investment being made by a Chinese investor which may be a real positive for the company or not, depends on how diluted the the shares price will be if they issue new shares.
Someone a lot more savvie than me will need to look through the Results Summary.

 

[Darc Knight]

Just about to type on this one DK ………. Been very unloved since it looked promising a couple of months back and belted for six today

No idea why the drop, but the chart says hang on tight (unless it does a BIN of course) ……….

At least your Entry price is good for the Monthly Tipping comp

Up 24% today. Hasn't quite made up for Thursday's dive (-39%). Will it hang on to win Joe a bottle of Cab Sav or will it continue its downward trend?

 

[barney]

Up 24% today. Hasn't quite made up for Thursday's dive (-39%). Will it hang on to win Joe a bottle of Cab Sav or will it continue its downward trend?

It should hit the wall again if the price action follows standard procedure after a serious drop but that is just an assumption on my part. I cant see 11.5 being broken seriously in the short term but hopefully it will hold that till the end of the month so Joe can have a celebratory drink ….. My guess would be well under 10 cents by the end of the month

 

[Ann]

ASX announcement this morning.... FOD signs $8 million agreement with ICC Global

 

[Ann]

Up 5.26% today...
Food Revolution Group presses first Juice Lab orders from Metcash

The Juice Lab brand launched in Australia in 2015 with a range of cold-filled fruit and vegetable juice combinations to made quick inroads into a market that was looking for innovative new products aimed at health-conscious consumers.


Some of the unique selling points underpinning the Juice Lab brand include the absence of added sugar, concentrates, artificial colours and flavours, preservatives, as well as, implementing fully recyclable bottles and introducing anti-oxidants directly into its products.


The deal announced today further extends The Food Revolution Groups’ strong domestic footprint, with its juice products already being sold via Woolworths, Aldi and Coles supermarkets.More...

 

[barney]

It should hit the wall again if the price action follows standard procedure …. My guess would be well under 10 cents by the end of the month

Announcement today regarding production of a 'hand sanitizer' …… The traders are milking the C/virus for all its worth.

I wonder if FOD will follow ZNO with unabated exuberance founded on little more than a bit of disinfectant

 

[Dona Ferentes]

Food Revolution Group’s shares have climbed 52 per cent after the company announced it would commence production of hand sanitiser at its Melbourne facility in response to global shortages.

Marketing the products under the recently-formed Sanicare brand, the company would begin supplying hand sanitiser products to take advantage of ballooning global demand which stems from the coronavirus outbreak it said in announcement to the ASX.

The company said expected “significant orders from its distribution partner imminently” and that it had secured supplies of the raw materials.

Food Revolution will use the new bottling line at its Mill Park Facility in Melbourne to produce the sanitiser for distribution partners. The bottling line was in the process of being commissioned at present, the company said

Mmmmm. The SP seems to be getting ahead of itself, as is production let alone sales. Hardly a unique business proposition; as to any moat?!

That said, one of the best commercially available orange juices I've ever tasted (IGA)
.

 

[System]

Is Food Revolution Group the Turnaround Story of the Year?

 

[Dona Ferentes]

Is Food Revolution Group the Turnaround Story of the Year?

interesting. It could be a turn around!! The foray to China clearly bombed. The Aldi play would be limited. but now... into Coles, now, which brins scale and prominence, but if it is "first to market with ‘all natural plant based’ product in the Wellness beverage category" then to me this is double edged. These sorts of items can achieve a premium price, but is it a core, repeat purchase necessity or just an impulse purchase?

"FOD’s roll out of products, including its Eridani Premium Marine Collagen and the roll out a range of wellness shots, beverages and plant-based wellness powder supplements across its Juice Lab Brand formulated from super foods and plant-based ingredients, has been the catalyst for increased revenue growth.

"The company has also established a new state of the art ‘wellness centre’ that has the capability to supply all natural food supplements and will assist the company in accommodating increased volumes. All of this activity has led to stronger revenues."


(Mind you, I am deeply suspicious , contemptuous even, of this sort of nonsense, but there's money to be made, So Why Not Pay Attention)

DNH