* Please disregard: this 2010 event has already taken place *
Well a week earlier than normal because of Christmas but tonights presentation should still have a very festive flavour as Zetar the food company are one of the leading suppliers of flavoured nuts and snacks....Here is one really well known licenced name that many will remember from the appearance on Dragons Den...
Zetar Plc listed on AIM on 6th January 2005 with a strategy to acquire, or make investments in, companies or businesses engaged primarily in the confectionery and snack foods or related markets.
Zetar has established two divisions since it listed, the ‘Confectionery’ and ‘Natural & Premium Snacks’ divisions. Zetar continues to pursue opportunities to create substantial shareholder value by the acquisition and integration of other companies within these markets and to grow its business organically.
Here is the company website for those who want to dig a bit further on brands and investor info
http://www.zetarplc.com/default.htm (One or two areas look rather out of date to me)
The two directors coming along tonight are Ian Blackburn the CEO and Mark Stott the FD. They will be providing a 15 minute presentation and then answering all your questions so you should know lots about the company and its potential market. They will be bringing lots of samples so you can decide if you really want to get nuts about Zetar !
The last results are here...
Zetar Plc, the AIM listed confectionery and snack foods group, announces its preliminary results for the year ended 30th April 2010.
· Turnover up 11% to £131.9m (2009: £118.6m)
· Adjusted profit before tax* up 40% to £6.4m (2009: £4.5m)
· Adjusted EBITDA** up 15% to £9.6m (2009: £8.4m)
· Adjusted diluted earnings per share up 27% to 35.4p (2009: 27.8p)
· Interest cover up to 7.6x (2009: 4.0x)
· Cash generated from operations up 97% to £7.0m (2009: £3.5m)
· Net borrowings reduced to £11.1m (2009: £15.4m)
· New 4 year bank facilities (fully credit-approved, with legal documentation at advanced stage, and all material commercial terms agreed).
· Sales in first eleven weeks of current year up 11% to £16.2m (2009:£14.6m)
The next results will be in late January but they did provide a trading update just one month ago ...
Here is the Foolish write up by Investore that got me interested in Zetar and doing further research.
It is worth noting that the company renewed those important bank loans and that the share price is more or less exactly where it was in September at £2.00 or an attractively tagged £1.99 on Friday priced almost as their products would be in the shops ! The forward p/e is still five so certainly not as exotic as some of their flavourings.
The restaurant will be in festive mood and a great Christmas special three course meal is on offer for those who can join us tonight. As ever we like to meet from 6pm onwards at the SeaSalt restaurant in Beckenham (www.seasaltbeckenham.com) which is right opposite the rear exit to Beckenham Junction Station (just 15 minutes on the train from Victoria) and there is parking behind the restaurant. The presentation will be upstairs in the boardroom from about 7.15pm and the 15 minute introduction to the company by Ian and Mark will be followed by a Q&A session then dinner downstairs in the restaurant and the directors will both be staying to join us at the tables.
Anyway please email me if you can join us tonight to help me and the girls with tickets and the SeaSalt staff planning the tables. Looking forward to seeing you all. These are regular events and I certainly want to keep them going in the very popular way they have been attended throughout 2010. May I wish all Mello attendees another great year in 2011 and for those who are not aware of the Mello company performances over the last two years here is a link to MrContrarians excellent site....
I always mention to directors before their presentations that we have a very good track record overall that we hope to preserve. No pressure then guys but four of our companies this year have averaged over 200% gains. High Triple digit gains at four is nothing short of sensational. Indeed Focus Solutions FD Martin Clements was going to attend tonight to update us on the recent FSG results and bring us up to speed since their attendance in January this year. ...And what a year !! They have had huge contracts, great results and now a bid tabled for exactly FOUR times the share price that you could have bought FSG after our Mello dinner. Celebration and drinks all round from me tonight but sadly Martin will not be joining us for obvious reasons. He has some important documents to sign off and says he hopes to have the whole deal tied up and cheques out to shareholders by the end of January. Well done to all the team at FSG and best wishes for the future under he Standard Life banner.
I shall look forward to seeing as many as possible of you tonight...there is no snow left on the ground in Beckenham even though they had nearly one foot deep last week. A hot toddy will soon get you warmed up tonight and there will be plenty to get those taste buds going if Zetar have anything to do with it. Do email me to let me know you are joining us and all first timers are very welcome indeed. In fact anyone who I have never welcomed before and who whispers 'Focus solutions are the stars of 2010' can have dinner on me.
|Date||12:00am Monday 13th December, 2010|
|Location||2 Southend Road, Beckenham, Kent,|
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Attendees Confirmed (2)