Australian (ASX) Stock Market Forum

PFL - Patties Foods

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For an update;

1.19 -0.01 (-0.83%)
Aug 2 - Close
ASX data delayed by 20 mins - Disclaimer
Range
1.19 - 1.21
52 week
0.84 - 1.54
Open
1.21
Vol. 32,000.00
Mkt cap 165.17M
P/E 11.82
Div/yield -/4.62
EPS 0.10
Shares 138.80M

PFL has been on a run for the last 3 weeks, from a fairly quiet price of around a dollar. Have not seen earnings yet...they are recommended as a stock to watch at thebull.com.au
 
PFL up over 4% today after announcing there full year results.

http://www.patties.com.au/Media/doc...2010-ea9d1e4d-bfe6-4944-89ef-8d6fc00d7723.pdf

Pretty much all good news again...year on year Highlights include.

  • Revenue up 9.9%
  • Gross margin up 14.3%
  • EBITDA (underlying) up 22.3%
  • ROE (underlying) up 32.1%
  • EPS (reported) up 39.5%
  • Dividend per Share (cents) up 44.4% :)

Pretty dam impressive :bier: and the SP is rallying, and ive resisted the urge to sell to soon..realisticly if we get a general market rally the PFL SP should see new post GFC highs above $1.55 at some point in the nearish future...considering its significantly improved profitability since the last high.
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So_Cynical said:
21st-May-2010: 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 :rolleyes:)
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So_Cynical said:
23rd-August-2010: the SP is rallying, and ive resisted the urge to sell to soon.
Click to expand...

Out of my PFL trade today in the last 15 minutes of trading at $1.37 three and a half months in for a profit of around 28% :D all left in off course as this is my second PFL 'buy and build' trade....love it when a plan comes together.

Looking forward to PFL going ex-div and working it way back down to under $1.10 so i can do it all again...as robots would say 'sunshine and lollipops'. :dance:
 
Patties have released a half yearly report...almost all good news as expected.

Highlights...numbers all on previous corresponding half.

  • Net sales revenue up 9.4%
  • Gross Margin up 11.9%
  • EBITDA up 14.2%
  • EPS (reported) up 30.2%
  • Return on equity up 18.8%
  • Dividend up 16.7%
  • Net debt down 21% (approx)

http://www.asx.com.au/asxpdf/20110217/pdf/41wvdq1zmgjdz0.pdf

My average buy in price is 84c so with the div increase im pulling a gross yield of 10.8% :) going forward...so if i can buy in again at around $1.20 my average price should still only be around $1 or so thus maintaining my gross yield at over 9% even better still is that fact that about half my PFL position is free carried...so in reality a Gross yield on original capital of over 20% :eek: that's some sort of compounding.

2 Year chart with my 2 trades....some potential to break above the last high, considering how well the business is going.
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So_Cynical said:
Patties have released a half yearly report...almost all good news as expected.

Highlights...numbers all on previous corresponding half.

  • Net sales revenue up 9.4%
  • Gross Margin up 11.9%
  • EBITDA up 14.2%
  • EPS (reported) up 30.2%
  • Return on equity up 18.8%
  • Dividend up 16.7%
  • Net debt down 21% (approx)

http://www.asx.com.au/asxpdf/20110217/pdf/41wvdq1zmgjdz0.pdf

My average buy in price is 84c so with the div increase im pulling a gross yield of 10.8% :) going forward...so if i can buy in again at around $1.20 my average price should still only be around $1 or so thus maintaining my gross yield at over 9% even better still is that fact that about half my PFL position is free carried...so in reality a Gross yield on original capital of over 20% :eek: that's some sort of compounding.

2 Year chart with my 2 trades....some potential to break above the last high, considering how well the business is going.
~
Click to expand...

Those yields are impressive So_Cynical. Today they announced $9.8M NPAT and also a future $9.8M spend on upgrading their facilities with robotic technology at Bairnsdale.

They now have some lines that are directly competing with Sara Lee. Creative Gourmet looks to have been a very clever acquisition.

DYOR
 
Calvin27 said:
No one is looking at this in light of recent events?
Click to expand...

I had a buy order in at 90c - didn't come close to getting filled...surprised the SP didn't fall further, something like this (contamination etc) is inevitable when dealing with food stocks.
 
VSntchr said:
Nice one So_Cyn. Based on your avg entry, thats a great cumulative dividend total!
I watched it in the 11am open in hopes for a trade, but the big guys were all over it so nothing for me.
Click to expand...

It's never good when it's on the front page of the AFR on a Sunday night.:D
 
Last day of trading for PFL today, sweet 25c FF dividend announced last week as a final farewell to shareholders.

PFL has been very good to me - Thanks guys. :xyxthumbs
 
On September 28th, 2016, Patties Foods Limited (PFL) was removed from the ASX's official list following implementation of the scheme of arrangement by which Australasian Foods Bidco Pty Ltd acquired all of the issued shares in the Company.
 
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