Editor's Pick: Markets: FTSE 100 hits 21-month high

(CFC.L) China Food Company PLC Buy/Sell

Add to portfolio Set Alert Level 2 Desktop Trader

Summary

Current Market Information

Time: 22:44 (Market Closed)

Bid	33.00
Ask	37.00
Price	35.00
Previous	33.00
Change	+2 (+6.06%)
Last Trade	35 (16:30:09)
Trading Vol.	62,076
Today's High	34.75
Today's Low	32.00

52 Wk Low	22.00
52 Wk Low	(10/02/2010)
52 Wk High	48.50
52 Wk High	(21/05/2009)
52 Wk Change	+7.00
52 Wk Change	(+25.00%)
4 Wk Volume	425,092
ISIN Number	GB00B290WV95
Currency	GBX

More Trades Info

Performance Graph
3 month closing prices

More Chart Options

Fundamentals
Operating Profit (m)

More CFC.L Research

Holdings
Buyers of CFC.L also buying

More Detail

Sector Heat Map

1 Month Biggest Movers

More Sector Analysis

Recent News
Date/Time	Headline	Source
11-02-10	China Food Company - Trading Update and Notice of Results	RNS
RNS Number : 9870G China Food Company PLC 11 February 2010 `Press Release 11 February 2010` China Food Company Plc ("China Food" or the "Company") Trading Update and Notice of Results China Food Company Plc (AIM:CFC), the leading Chinese manufacturer of cooking and dipping sauces, is pleased to give the following trading update as it enters its close period prior to the release of its preliminary results for the year ended 31 December 2009. Further to the trading update announcement in November 2009, the Board is pleased to report that it expects trading for 2009 to be moderately ahead of market expectations. Encouragingly, activity levels in the last quarter have picked up and this trend is expected to continue through to the Chinese New Year on February 14. The Company continues to trade profitably, is cash generative, has low gearing and has a strong balance sheet. Discussions regarding bank facilities are ongoing. With the benefit of the convertible loan notes ("CLN"), raising £3 million in November 2009, and strong cash flow, the Company has sufficient resources to complete the new 266,666 sq. ft. soya sauce facility in Shou Guang City. The Company remains on target to start trial production in the coming months with the formal opening planned for May 2010. The Company will be seeking to apply for the CLNs to be quoted on PLUS Markets upon the publication of its annual accounts for 2009. John McLean, Non-Executive Chairman of China Food, said: "The Board is pleased with progress made over the past financial year and looks forward to the new Shou Guang City facility becoming fully operational in the coming months. This will allow China Food to significantly increase both its production and market share. In addition, the improving Chinese economy, healthy GDP growth and the Company's additional financial resources put us in a strong position to continue to deliver on our growth strategy." Notice of results The Company will be announcing its preliminary results on Monday 22 March 2010. An analyst briefing given by John McLean (Non-Executive Chairman), will be held at 9.30 a.m. at Abchurch Communications, 125 Old Broad Street, London, EC2N 1AR. Ends- For further information: China Food Company Plc John McLean, Non-Executive Chairman Tel: +44 (0) 7768 031 454 `www.chinafoodcompany.com` FinnCap Geoff Nash / Ed Frisby (Corporate Finance) Tel: +44 (0) 20 7600 1658 Tom Jenkins / Simon Starr (Broking) Media enquiries: Abchurch Communications Henry Harrison-Topham / Joanne Shears Tel: +44 (0) 20 7398 7709 `henry.ht@abchurch-group.com www.abchurch-group.com` Notes to Editors: China Food Company, based in Shandong province in the People's Republic of China, a region with a population of circa 94 million, operates a group of well-established food manufacturing businesses producing a range of cooking and dipping sauces. China Food was awarded the 9th largest producer of soya sauce in China in 2008, with a very strong brand for cooking and dipping sauces which are sold through a network of distributors and outlets of supermarket chains in Shandong and surrounding provinces such as Tesco, Wal Mart, Carrefour and Jialejia. China Food is expected to benefit also from the growth of international supermarket chains in China. The Chinese cooking and dipping sauces market is estimated to be RMB105 billion (US$15 billion), with up to 50% of this comprising of soy-bean sauces, therefore providing a sizeable addressable market for China Food's cooking and dipping sauces business. The Group is continually investing in new facilities, and is well positioned to benefit from China's demographic growth and increased urbanisation. The animal feed business, Fuss Feed, produces premix, concentrate and compound feedstuffs, and is based in Shandong, an important province for the production of livestock in China. The business is highly scalable and able to support further growth, with a strong cash position and net assets of £28.5 million (as at 30 June 2009). With a dominant market position in northern China and a new facility for soya sauce production due to open in 2010, the prospects for the Group are strong. Further information on China Food Company can be found at www.chinafoodcompany.com This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFITFDIILII More
25-11-09	China Food Company - Trading Update	RNS
RNS Number : 0498D China Food Company PLC 25 November 2009 25 November 2009 China Food Company Plc ("China Food" or the "Company") Trading Update On 3 November 2009, China Food (AIM: CFC.L), the leading Chinese manufacturer of branded condiment and animal feed products, announced its intention to raise new funds through the issue of convertible loan notes ('CLN'). The Company is pleased to announce that it has now secured an additional £429,000 from various investors taking the total raised to £3 million. It is the Company's intention to apply for the CLNs to be quoted on PLUS Markets. With the CLN in place and the proposed bank facilities which are expected to be confirmed shortly, the Company is firmly on target to complete its new 266,666 sq km facility next year. This will increase its condiments production capacity by 50%. This state-of-the-art facility based in Shou Guang City is being built since the current soya sauce facilities in Weifang City are operating at full production capacity. The new facility is being enhanced by international food safety accreditation standards, building on the already existing strict set of quality checks and controls. John McLean, Chairman of China Food, said: "We are pleased to welcome the additional investors. With the anticipated bank facilities, there is no current requirement to issue any further Convertible Notes. We may consider on a case-by-case basis depending on the timeline of the drawdown of the loan." "We are currently the ninth largest soya sauce manufacturer in China and are on track to become even bigger following the completion of this Shou Guang facility. Trading remains in line with market expectations and the business continues to be profitable and cash generative. These additional financial resources put us in a strong position to continue to deliver on our growth strategy." ends- For further information: China Food Company Plc `John McLean, non-executive Chairman Tel: +44 (0)7768 031 454` `www.chinafoodcompany.com` FinnCap `Geoff Nash/ Ed Frisby Tel: +44 (0)20 7600 1658` Media enquiries: Hansard Group `John Bick/ Justine James Tel: +44 (0) 20 7245 1100` Note to editors: The Company comprises a group of well-established Chinese food manufacturing businesses producing a range of condiment products, including soya sauce and vinegar, under its "Fushi" and "Fushi Hao Tai Tai" brand names and a range of animal feeds covering premix, concentrate and compound feedstuffs. China Food is the 9th largest Soya sauce manufacturer in China and operates in one of the fastest growing segments within the PRC's food industry reflecting the increasing purchasing power of Chinese consumers. The Company's primary market is in Shandong, China's second largest province, as well as its neighbouring provinces. China Food sells its condiments products via a network of approximately 205 distributors, retailers and numerous outlets of large and medium sized supermarket chains in ten provinces and municipal cities in the north-eastern region of the PRC, including Tesco, Wal Mart, Carrefour, Shiji Lianhua and Jialejia. This information is provided by RNS The company news service from the London Stock Exchange END TSTCKPKDCBDKPDB More

More...

1 to 4 of 70 Messages

Post New Message
Date/Time	Subject	Author
21:17	Found the article	thestevo	1


	View Author's profile \| Add to favourites \| Ignore \| Author's posts
	AIM provides copious ways and means for investors to tap into the Chinese growth story, from the industrial demand for metals to the populace’s consumption of citrus fruit and herbal medicines. While there have been several failures among the litany of ‘China plays’, examples like Asian Citrus, up five times from its 2005 float price, provide a tempting template for success. China Food Company, a manufacturer of domestic condiments and animal feeds, operates in the same sector as Asian Citrus and, like its orange-growing peer, is focused on growing sales in its homeland, reasoning that a population of 1.3 billion provides a sufficiently vast potential market. Having raised £3 million in convertible loan notes in November and in February secured the required bank funding, the cash-generative company is on schedule to begin production at a new facility in May that will quickly accelerate its growth. The Shandong-based group was brought to AIM in December 2007 by management and activist investment company Albany Capital, which retains a 19 per cent stake and whose chairman, John McLean, holds the same seat on the China Food board. Although the boardroom is full of Singaporean Stock Exchange experience, McLean and fellow Brit, former diplomat Derek Marsh, were wanted on the board to help inject a western ‘way of working and level of corporate governance’. As the ninth-largest condiments maker in the land, the company can expect to be a beneficiary of a number of growth drivers. Firstly, by 2014 China’s population growth is forecast to lead to a 44 per cent expansion in the country’s grocery market to £660 billion. Second, China’s economic transformation, whether GDP improves or stalls in the future, has already created a large middle class with aspirations to consume more ‘premium’ foodstuffs, including condiments. Thirdly, the animal feed market is being driven by a steady shift towards a greater consumption of meat. With sales squeezed by economic factors, the last year or so has ‘not gone according to plan’, admits McLean, and the company postponed the commissioning of ‘Phase 1’ of a new condiment factory from last summer to this spring. Phase 1 of the £34 million new facility will swell production capacity by 50 per cent to 150,000 tonnes per year and add economies of scale and a greater product range, especially at the ‘top end’. The new plant has the land and infrastructure to allow further expansion of production facilities by at least another 50 per cent – currently planned in two phases over the next three years. ‘We are giving ourselves until August next year to get to full capacity on this phase,’ says McLean, ‘but we’re not being aggressive – this year we’re only forecasting adding 10,000 tonnes.’ Investment has also been funnelled into developing higher-margin premium soy sauce brands ‘to tap into the increasing middle class’ and into improving the distribution network, to allow an aggressive foray into highly populous neighbouring provinces. The new plant’s increased focus on premium brands is predicted to lift gross margins from 48.3 per cent in 2008 to more than 50 per cent. After an encouraging trading update in February, house broker FinnCap forecasts that calendar 2009 results, to be published in mid-March, will show less of a deterioration than was feared last year, with group sales down 20 per cent to £30 million. But looking further forward, revenues are expected to more than double in the next two years, with earnings predicted to rise from 2.4p in 2009 to 10.5p in 2011. On a forecast rating of 11.9 that falls to 2.7 for 2011, shares in China Food look attractive at current levels, well below a year’s peak of 45p. Buy. If the results are good these could head higher. More \| View thread (1) \| Respond \| Login to Vote up
Tue 08:16	Growth Company Investor	madpad


	View Author's profile \| Add to favourites \| Ignore \| Author's posts
	Good write up and BUY recommendation in the above. More \| View thread (1) \| Respond \| Login to Vote up
Mon 15:32	Up 10%	Warr3n


	View Author's profile \| Add to favourites \| Ignore \| Author's posts
	Only a handful of trades today, including mine, but enough to lift the share price 10%. Although with "86.41% of shares are not in public hands" it's not surprising that it doesn't take huge volume to move the share price. More \| View thread (1) \| Respond \| Login to Vote up
Mon 11:21	Re: Tipped in Shares Magazine	Warr3n


	View Author's profile \| Add to favourites \| Ignore \| Author's posts
	Yes looking potentially very cheap on a 2 or 3 year time frame. Trial production from the new facility should start soon too with the opening scheduled for May. I bought back in today. Got 50% of what I was originally planning, will buy the rest after results are out. Good luck to other holders. More \| View thread (2) \| Respond \| Login to Vote up

The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.

Discussion Board Terms & Conditions FSA Market Abuse Fact Sheet

More...