PFL - Patties Foods

[ROE]

OK here is a quick run down
PFL = Patties Foods Limited
Every Aussie like a good pie and this is what PFL make, and frozen desert.
Label you see in the super market like patties pies four 'n' twenty Herbert Adams Nanna's Snowy River are all PFL stuff.

They floated last year and they start to expand the pie business into the US market...American don't know what meat pie is...Pie to American is what we called apple pie, and the pie you see in the movie American Pie .

More details on the company:
http://www.patties.com.au

Disclosure: I own PFL stocks

 

[rmt6668]

PFL Joint Venture

Hi

In recent ASX announcement last few days what food group had PFL Joint Venture with in Melb?

Thanks

 

[rmt6668]

Thanks
http://www.asx.com.au/asxpdf/20070824/pdf/3144l32bth34px.pdf

Look at this announcement , do you which Food Group that Patties had just announce going Joint Venture with? Is it with Simplot?

Rgds

 

[rmt6668]

Its jump to $1.69 fantastic.

So any 1 have the answer to my earlier questions on the company name?

 

[rmt6668]

Is the JV with PFL, is it Uncle Rics the company name? I am guessing

 

[So_Cynical]

I brought into PFL today @ 0.69 - Great brands and good potential going forward,
traded above 85 cents just a couple of months ago and has a great, full and interim
dividend history, and at the moment has a very impressive dividend yield of over 9%
fully franked....my first foodie too.

Here is an analyst briefing of the half year results from march this year.
http://www.patties.com.au/Media/doc...0309-24323f52-ddbf-46d7-ab07-a4472625d9e0.pdf

 

[UMike]

I have been looking at it for a while but the lack of volume being traded scares me a little.

I have planned a price to buy them at and will wait till it gets about there.

A slow mover but I think it is a long term winner.

 

[So_Cynical]

I have been looking at it for a while but the lack of volume being traded scares me a little.

I have planned a price to buy them at and will wait till it gets about there.

A slow mover but I think it is a long term winner.

This is about the 6th or so time ive tried to buy PFL, i started at the turning point in
March, and was always 1 or 2 cents lower than there daily low...and eventually gave
up as the SP just kept goin up and figured they had got away from me.

I realize there's issues with low volume stocks...but that low volume can be a positive,
my buy was about 28% of today's total volume. :

From memory the top 20 shareholders hold over 80%, the Myer family have been recent
big buyers and now hold over 10%, the 68 cent close today was on 200 shares so not
much in that.

 

[UMike]

There we go!!!

Just got a small parcel of them on the opening trade. (Funny says crossed in the conditions).

We'll see how they go.

Gotta eat more peis now

 

[bloomy88]

PFL does seem to be a sounds company with a well established brand names, probably the most popular pies in Australia!
There has been a lot of activity from the directors lately, who have been purchasing shares on the market, the must think the PFL SP is at a good level at the moment.
My only worry is when you look at their SP graph since they listed in late 2006, it looks like a pretty ugly downtrend to me.
Does anyone think this trend might be reversed? It doesnt even look like there has been any flat trading during this period.
Cheers

 

[So_Cynical]

(5th-June-2009) I brought into PFL today @ 0.69

Out today @ 0.77 - It took 5 weeks to get to my 11.5% profit target, The SP went against me early on, but i didn't lose faith and once again feels nice to "get it right"

I like PFL so ive left 10% of my original capital in with the profits, for the long term...i really need those franking credits.

 

[UMike]

Sell side just dissapeared today.

Another rise tomorrow and I may cash in my chips also.

huge volume today.

 

[UMike]

Out today @ 0.83.

About 6 weeks holding for 18.5%.

If it drops back down I'd be quite happy to do it all again. May even keep eating their peis occasionally. ;-)

 

[So_Cynical]

Patties released there half year results today and its fair to say they were impressive, even if the market didn't think so.

http://www.patties.com.au/Media/doc...unts-91149b4e-6791-4900-b56e-72d4996805dd.pdf

Highlights include (half year on corresponding half year)

• Sales revenue up 13%
• EBITDA up 16.8%
• EPS up 58.8%
• Interin dividend up 50%
• Net debt down 17.4%

PFL has turned out to be one of my best buys, with today's increase in the dividend im now getting a gross dividend yield of 10.3% even better because half my position is free carry...profit on profit. :dance:
~

 

[So_Cynical]

With today's early sell off i finally got my PFL buy order filled, took 3 weeks to get to 1.07 but get there it did...with all the general market negativity over the last 2 weeks PFL has held up well, only having a little tank today.

This is my second entry into PFL as my portfolio/dividend stream building strategy starts to get into stage 2 (the low entry pyramidal stage ) also good to see Patties products featuring highly in the recent "low meat content" media frenzy.

Herbert Adams King Island Gourmet Premium beef pies got the gong for most meat at 38.5 per cent, On taste, the traditional Four'N Twenty came up trumps.

http://www.dailytelegraph.com.au/li.../story-e6frf00i-1225869363909?from=public_rss
~

 

[UMike]

LOL . On this one we roll the same direction. I'm just a few decision/days behind you.

I pulled my long standing $1.025 order due to buying too much other stuff.

I like PFL and hope to offload a couple of my recent short term posi's so I can take hold of some.

 

[So_Cynical]

Patties released an Investor presentation today and i thought it was so good (all things considered) that i just had to share it i find it very impressive how the GFC was not really much of an issue for patties...as the 4 quarter comparison shows.

http://www.asx.com.au/asxpdf/20100528/pdf/31qkwg3h0pv737.pdf
~

 

[GumbyLearner]

Yes these are looking good So_Cynical. The major player in the market.
Told family to get in when they were half the current price. They're still sitting.
Hard to see a price drop when the few competitors out there have no punch or anywhere near the size of food processing infrastructure.

Great divvies too.

A keeper IMHO.

DYOR

 

[skc]

Patties released an Investor presentation today and i thought it was so good (all things considered) that i just had to share it i find it very impressive how the GFC was not really much of an issue for patties...as the 4 quarter comparison shows.

http://www.asx.com.au/asxpdf/20100528/pdf/31qkwg3h0pv737.pdf
~

Hey thanks for posting So_C.

The top line and EPS growth look good. Although I wouldn't have thought the GFC would t really impact basic footstuff that much.

But the balance sheet may be a bit stretched? $63.5m debt on EBITDA of $16.8m... any insights as so why div payout ratio reduced so much (88% in 2H08, 54% in 1H09, 52% in 2H09, 49% in 1H10)?

 

[So_Cynical]

But the balance sheet may be a bit stretched? $63.5m debt on EBITDA of $16.8m... any insights as so why div payout ratio reduced so much (88% in 2H08, 54% in 1H09, 52% in 2H09, 49% in 1H10)?

I remember a half yearly or perhaps it was the 08 or 09 annual report where management decided it was prudent to hang onto more cash, GFC and all that...pretty sure there sitting on a small pile of cash even though the investor presentation don't actually give a figure.