Author Topic: Oceana Group Ltd  (Read 120177 times)

jaDEB

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Re: Oceana Group Ltd
« Reply #90 on: November 06, 2013, 11:34:09 am »
Somedays I just feel like giving up. Been stuck in a price portfolio range for about 2 years, then got lucky with UUU, then fell back to same portfolio range again.


 :wall:
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Aragorn

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Re: Oceana Group Ltd
« Reply #91 on: November 07, 2013, 06:11:44 pm »
Latest SENS
Quote
AUDITED PRELIMINARY GROUP RESULTS AND DIVIDEND DECLARATION
FOR THE YEAR ENDED 30 SEPTEMBER 2013

HEADLINE EARNINGS PER SHARE INCREASE BY 7 %

DIVIDENDS PER SHARE INCREASE BY 7 %

Not idly do the leaves of Lorien fall.

jaDEB

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Re: Oceana Group Ltd
« Reply #92 on: November 07, 2013, 06:20:25 pm »
 ::)

COMMENTS

Financial results

Group earnings for the year ended 30 September 2013 reflects the benefit of Oceanas diversified portfolio and continued
execution of strategy.

Earnings per share for the year ended 30 September 2013 increased by 10% and headline earnings per share increased
by 7% compared to the previous year.

Group revenue has improved by 8% to R4,997 million in 2013.  This growth has been achieved from improvements in each
of our four operating segments, led primarily by an increase of 14% in the horse mackerel and hake division.
Revenue growth in the second half of the year has been affected by the continued constraints felt by South African
consumers, resulting in a slowdown in canned fish sales volumes and a significant decline in industrial fish landings.

Overhead expenditure includes a charge to the statement of comprehensive income of R152,4 million compared to R75,6
million in 2012, arising from IFRS2 share-based expenses. This increase, which is a direct result of the significant
improvement in Oceanas share price during the period under review, has had a material impact on the operating profit
for the year.

Operating profit before abnormal items increased by 5% compared to the previous year.

Inventory levels have increased by 64% in 2013 as a direct result of intentional canned fish stock build in anticipation
of continued demand, further impacted by a downturn in domestic canned fish volumes in the second half of the year as a
consequence of pressure on consumers.  This has adversely impacted stock holding costs and working capital requirements.

A final dividend of 222 cents per share has been declared which together with the interim dividend of 100 cents brings
the total dividend for the year to 322 cents per share, an increase of 7% on the 2012 total dividend of 301 cents
per share.



Prospects

In light of the prevailing economic environment our ability to extract further volume growth in South Africa will remain
under pressure. We continue to explore growth opportunities in the rest of Africa.

Operational efficiency and working capital management will remain focus areas.  Procurement of canned fish from foreign
suppliers, which has a six month lead time, has been cut-back in order to compensate for current inventory levels.  We
anticipate that this will have a positive effect on working capital during the second half of the year once the lead time
effect has been taken into account. 

Foodcorp acquisition
 
Further to the announcement released on the Stock Exchange News Service of the JSE on 4 June 2013 in respect of Oceanas
acquisition of the fishing interests of Foodcorp (Pty) Limited (Foodcorp), the Competition Commission has approved the
acquisition, subject to certain conditions.  One of these conditions is not acceptable to both Oceana and Foodcorp.
Accordingly, the parties will file a Request for Consideration with the Competition Tribunal challenging the condition in
question. In the interim Oceana and Foodcorp have agreed to extend the sale of business agreement for a further three
months to 31 January 2014.
jaDEB

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Orca

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Re: Oceana Group Ltd
« Reply #93 on: November 08, 2013, 06:33:12 pm »
At least you get a good divi. If that is any consolation.
I started here with nothing and still have most of it left.

Orca

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Re: Oceana Group Ltd
« Reply #94 on: November 10, 2013, 07:32:49 pm »
Where can OCE go from here? Only up. She will bounce off the 200sma. See that gap she has left behind?
« Last Edit: November 10, 2013, 07:36:56 pm by Orca »
I started here with nothing and still have most of it left.

Nios

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Re: Oceana Group Ltd
« Reply #95 on: November 10, 2013, 08:59:08 pm »
Where can OCE go from here? Only up. She will bounce off the 200sma. See that gap she has left behind?

Orca, what would be your trigger to climb in based on a 200SMA? Very keen to learn what your triggers are into buying a stock using the 200SMA. Would you be looking to trade it, or in for long haul?

Based on my chart it doesn't look like a buy yet until price crosses up through the 15day EMA, while 15EMA is above the 30EMA and the 30EMA is above the 60EMA. Currently it looks to be in a down trend as price has crossed down through 15EMA while the 15EMA is moving towards the 30EMA. Overall this stock looks to have been in an uptrend for some time, rather than sideways.

I'm not sure if the strategy works on single stocks yet, but have learnt about it on Simon Brown's website of which he uses to trade STXIND, RESI and FINI.

jaDEB

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Re: Oceana Group Ltd
« Reply #96 on: November 11, 2013, 08:48:18 am »
Points to Ponder.

I was on golfcourse on friday (with Cell phone off) thus did not see 4% down
436000 shares traded, pessimist - what R37Mil shares were sold, optimist, wow R37mil shares were bought

I still like the company

Inventory levels have increased by 64% in 2013 as a direct result of intentional canned fish stock build in anticipation
of continued demand, further impacted by a downturn in domestic canned fish volumes in the second half of the year as a
consequence of pressure on consumers.  This has adversely impacted stock holding costs and working capital requirements.

A final dividend of 222 cents per share has been declared

Further to the announcement released on the Stock Exchange News Service of the JSE on 4 June 2013 in respect of Oceanas
acquisition of the fishing interests of Foodcorp (Pty) Limited (Foodcorp), the Competition Commission has approved the
acquisition, subject to certain conditions.  One of these conditions is not acceptable to both Oceana and Foodcorp.
Accordingly, the parties will file a Request for Consideration with the Competition Tribunal challenging the condition in
question. In the interim Oceana and Foodcorp have agreed to extend the sale of business agreement for a further three
months to 31 January 2014.

My wife made me some Potato wedges last night, frikkin nice.
 
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Moneypenny

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Re: Oceana Group Ltd
« Reply #97 on: November 11, 2013, 09:05:11 am »
My wife made me some Potato wedges last night, frikkin nice.

 :D  Okay.   

LDT 3 Jan 2014 2.22c.  Consensus change to 'buy'  last Friday, 8 Nov.

jaDEB

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Re: Oceana Group Ltd
« Reply #98 on: November 11, 2013, 09:41:42 am »
Just in case u did not know, they actaully do
Potato wedges : -

Home » Our business » Lobster, squid and French fries

The Lobster, Squid and French Fries divisions includes three SBUs, which share a number of similar attributes in processing and marketing, and where synergies in administration make management more effective and the businesses more profitable. The division is internationally respected as a reliable producer and exporter of prime quality live and frozen South African rock lobster and frozen squid product and produces and markets value added potato products through Lamberts Bay Foods.

Frozen Potato Fries
 
Lamberts Bay Foods (LBF) produces French fries and other value-added potato products at its factory in Lambert's Bay for sale to wholesalers, retailers and QSR chains. Established in 1995 as a social responsibility project to offset job losses in the region due to the decline in fishing employment opportunities in the area, the business has developed into a viable operation.

Potatoes used in the plant are sourced mainly from Mpumalanga, Free State and the Sandveld region of the Western Cape. Development of long-term relationships with growers closer to Lambert's Bay is one of the business's continuing strategic objectives. The plant operates according to best practice standards and is regarded by customers as having the lowest product defect level in the industry. The factory's hygiene, quality, and safety practices are audited annually by independent assessors appointed by key customers.
 
The company employs about 270 people in Lambert's Bay and is the single largest employer on the west coast north of St Helena Bay. An independent socio-economic study conducted revealed that approximately 2 250 jobs are created on a national scale through the Lambert's Bay French fries operation.
 
Philosophy and mission statement
 
The Gold Seal philosophy
 
Gold Seal is committed to the dependable supply of consistently superior food products at market-related prices to the food service industry. In this way we ensure the demands of a future generation of discerning clients are met with a quality food brand.

Mission
 
Gold Seal is committed to manufacturing and supplying superior food products in accordance with world-class standards.

Hash browns – a Gold Seal variety
 
Hash browns are made by mixing potato pieces with flavoured seasoning to form a shaped patty. These are then gently par-fried in vegetable oil and blast frozen. The final appearance of the hash brown should be crispy and golden brown.

Potato wedges
 
Our wedges are made from choice round potatoes. They are then cut into segments and par-fried for your convenience. We make them with the skin on to maintain the highest amount of nutrients possible. They can be baked, grilled or fried depending on the meal you serve them with. They are packaged in a convenient 1 kg bag.
jaDEB

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jaDEB

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Re: Oceana Group Ltd
« Reply #99 on: November 11, 2013, 09:44:39 am »
Oceana het adv. David Unterhalter aangestel om sy saak oor die Foodcorp-vissery-oorname by die Mededingingstribunaal te behartig.

Francois Kuttel, uitvoerende hoof, verwag dat hulle al Dinsdag hul besware sal kan indien en hoop dat hulle voor einde 2013 ’n uitslag sal kry.

Oceana en Foodcorp stem nie met die Mededingingskommissie se voorwaarde saam dat Foodcorp se sardynkwota saam met die Glenryck-handelsnaam verkoop moet word voordat Oceana Foodcorp se vissake kan oorneem nie.

Blykbaar glo die Mededingingskommissie dat ’n maatskappy nie sy handelsnaam kan uitbrei as hy nie sy eie voorraad het nie.

Kuttel noem egter die handelsname Glenryck én Saldanha, wat ondanks hul eie plaaslike viskwotas steeds markaandeel moes afstaan aan visinvoerders.

Oceana self het in die laaste vyf jaar 25 miljoen kartonne sardyne ingevoer.

Oceana se aartappelskyfiesake het die afgelope boekjaar ’n verlies gely weens die swak gehalte van die aartappels wat aan die fabriek by Lambertsbaai gelewer is.

Baie van die aartappels wat boere gelewer het, was binne-in vrot. Dit was ’n landwye probleem en saam met hoër vervoerkoste het dit tot ’n bedryfsverlies gelei.

Francois Kuttel, uitvoerende hoof, sê Oceana kom te staan teen sterk mededinging van ingevoerde aartappelskyfies. Oceana produseer sowat 20 000 t aartappelskyfies per jaar, maar in 2012 het Suid-Afrika sowat 56 000 t aartappelskyfies ingevoer. ’n Invoertarief van 62% is op ingevoerde aartappelskyfies ingestel, maar Kuttel verwag nie die tarief sal so hoog bly nie.
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Orca

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Re: Oceana Group Ltd
« Reply #100 on: November 11, 2013, 10:19:17 am »
Nios. OCE is not a trading stock because it is not liquid enough. Charting will not always work with her but she does have respect for the 200SMA. Look on the 1y chart and you will see that she always bounces off it. The 200ma is as low as a stock can go as below it is a Sell signal as it normally carries on down.
I started here with nothing and still have most of it left.

Moneypenny

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Re: Oceana Group Ltd
« Reply #101 on: November 11, 2013, 01:04:05 pm »
Just in case u did not know, they actaully do
Potato wedges : -

 :D Okay again, I didn't know that.  But in my defense, it's fried, it's frozen and it's carbs - I don't do any of those. ;D

jaDEB

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Re: Oceana Group Ltd
« Reply #102 on: November 11, 2013, 01:53:13 pm »
Just in case u did not know, they actually do
Potato wedges : -

 :D Okay again, I didn't know that.  But in my defense, it's fried, it's frozen and it's carbs - I don't do any of those. ;D

Hence why they only increased their profit by 7%. Please list your shares, so I can also "Not" support your companies.  :frustrated: :frustrated: . Do you at least have pets, i.e. Rottweilers that eat 18Kg of cat food a day ?
jaDEB

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Moneypenny

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Re: Oceana Group Ltd
« Reply #103 on: November 11, 2013, 02:44:24 pm »
That seems fair, you can stop supporting Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc to name but a few. >:D

jaDEB

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Re: Oceana Group Ltd
« Reply #104 on: November 11, 2013, 03:09:57 pm »
lol  :( Moneypenny.

"Phew" - -  ???, seems to recover a bit today.
jaDEB

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