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Food Empire
15-04-2015, 05:11 PM.
Post: #41
RE: Food Empire
If the adjustment was made under the "currency exchange losses/non-cash item" level then I can understand. But the adjustment here now occurs at the "working capital changes" level, is misleading.

Under normal circumstances, if receivables decrease, we can assume cash is recouped, hence cash should increase which explains the normal adjustments.

Under current situation, receivables decreased but was not recoup in cash. It evaporates. Hence it can not be added back into cash.

If not for the 'cash credit', cash holding should be $7mn+ instead of $19mn. A dubious 270% cash it is.

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16-06-2015, 10:21 PM.
Post: #42
RE: Food Empire
not sure if anyone else is following this counter but given that management guided during the AGM that the company will return to profitability if USD/Ruble is in the range of $50-$55. looking at how the two currencies have traded in Q2 (range of $49-$57) the median is in the range of low $50s. as such, it makes sense that the company should trend upwards as per UOB KH' s report published previously to its normalised levels of more than 30 cents.

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13-08-2015, 03:28 PM.
Post: #43
RE: Food Empire
good set of 2Q2015's financial results despite the ruble turmoil. the company streamlined operations and reduced OPEX resulting in a US$7mil profit for 2Q2015. with an instant coffee plant in india to start production by 3Q2015, would be nice to see the company maintain growth momentum in other new emerging markets apart from Russia and Ukraine.

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13-08-2015, 06:25 PM.
Post: #44
RE: Food Empire
Yes, it looks like the start of a turnaround if they can continue to improve efficiency and expand other markets in SE Asia; I can see improvements on quite a few aspects of the financial figures. I had earlier nibbled a bit of this company, but by the time I finished analysing the latest set of results today, the stock price already rose more than 10%! I will have to study deeper and see if this is truly an upturn or just a flash in the pan, before I load up a bit more.

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14-08-2015, 04:46 AM.
Post: #45
RE: Food Empire
A few things that caught my eyes..

* In local currency terms, both Russia and Ukraine recorded higher revenue due to higher selling prices... management had said earlier they will increase price and will be profitable if fx stay within the same range, so they did it.

* Ukraine sale up 11.3% in Q2..Hryvnia was relatively stable over Q2.

* The Group has taken some measures to mitigate its currencies’ impact by forward hedging of the Russian Ruble and through selective price increases of its products.

* Other Markets up 68.2% in Q2. this is now 2nd biggest contributor to profitabilty.

* The Group intends to bring up the utilisation levels of the plants and intensify marketing efforts in FY2015 to achieve better operational and financial performance. The Group’s other project, an instant coffee plant in India, is expected to commence commercial production by the third quarter of 2015.

looking fwd to the next two quarter...

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28-11-2016, 04:39 PM. (This post was last modified: 28-11-2016, 04:41 PM by Shovel4farmers.)
Post: #46
RE: Food Empire
Date               Quantity         Price
11/22/16        2.5M              0.432
11/17/16        2.5M              0.417
11/15/16        1.35M            0.403
11/14/16        1.558M          0.325

CEO Sudeep Nair has taken a huge position in Food Empire over the last 2 weeks. This is just like how Sam Goi had bought shares of Super Group on several occasions in Aug and Sept before the takeover deal was announced in Nov 16. Could this be a sign of possible M&A deal in the making? Share your thoughts people!

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16-05-2017, 07:08 PM.
Post: #47
RE: Food Empire
Food Empire opens state-of-the-art instant coffee manufacturing facility in India

Highlights :
• Adopts the latest instant coffee technology to produce 10 different types and qualities of spray dried instant coffee and granulated coffee
• Fully automated, the production of instant coffee is in accordance with customized specifications and internationally recognized standards
• Allows Company to move up the value chain and expands its coffee product offering.

More details in
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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12-08-2017, 05:51 PM.
Post: #48
RE: Food Empire
Turnaround continues.

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