Lees Foods Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9600287
Firstly some good press in the NO campaign:-

http://www.scotsman.com/business/lees-to-reveal-results-before-investor-talks-1-2268005

and...

Guys. The person dealing with this at Shore Capital is Patrick Castle. His telephone number is 0207 4687923.

Please, if you think this offer is unacceptably low can I implore you to give him a quick call and, politely of course, let him know; that the offer is far to low, it has been poorly handled from the start(results forced out of them, etc), the Shore recommendation is a bit of an insult to holders and that they would do well to carefully consider their recommendation after the results come out(as they are duty bound to do on new news).

I think it would help tremendously if they knew the depth of feeling against this shocking offer.

Thanks to all that can. By Herald Two ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9600287&action=detail Wed, 02 May 2012 12:30:00 GMT Herald Two tag:iii.co.uk,2003:tst.9575805
I think that the directors here are basically trying to "steal" this company away from shareholders in a very quiet and deliberate way. The offer price is totally unacceptable. It should really start with a 3 whatever it is. Strong, above forecast, trading according to the company with loads of cash on the balance sheet. It really is an exceptionally poor offer. No independent exec, no trading update, no communication.

So please can you inform your brokers that you want to vote against this offer as early as you possibly can if you have them in nominee holdings as, because it is a recommended offer, the default option will in most cases be to vote FOR this offer and most of us wouldn't want that.

PLEASE can any genuine holders vote in this poll kindly set up by MrC from The Motley Fool to register your disappointment with this offer. Also please post this link on any other share type sites you know of. Thanks.

http://www.freesharedata.com/lees-foods

Cheers and good luck to all.

By Herald Two ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9575805&action=detail Wed, 25 Apr 2012 09:39:00 GMT Herald Two tag:iii.co.uk,2003:tst.9532905 http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9532905&action=detail Thu, 12 Apr 2012 18:22:00 GMT qournman tag:iii.co.uk,2003:tst.9530605
What is Shore Capital's liability for this recommendation? Can we sue them? Have they any incentive to consider this in a diligent way?

What about the directors. Have they any obligation? Or is it necessary to contact the UKLA - they are the regulatory body in this instance.
By Biscuit Barrell ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9530605&action=detail Thu, 12 Apr 2012 10:05:00 GMT Biscuit Barrell tag:iii.co.uk,2003:tst.9522400 ')" target="_blank" rel="nofollow">www.sharesoc.org

There is a private members network available for non public viewed discussion too.
By davidosh ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9522400&action=detail Tue, 10 Apr 2012 11:52:00 GMT davidosh tag:iii.co.uk,2003:tst.9521805 They want to buy the company on the cheap and hold all the cards.
What has happened to the independent directors.
This is disgraceful
By Biscuit Barrell ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9521805&action=detail Tue, 10 Apr 2012 09:39:00 GMT Biscuit Barrell tag:iii.co.uk,2003:tst.9521572 http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=9521572&action=detail Tue, 10 Apr 2012 08:57:00 GMT TX2 tag:iii.co.uk,2003:tst.8794359 28/09/2011 Ben Jaglom
http://www.growthcompany.co.uk/news/1657898/lees-feeds-scottish-sweet-tooth.thtml


Scottish confectioner Lees Foods (LEE) has reported a six per cent increase in sales amidst a sturdy Scottish market.

The AIM-quoted group reported sales of £10.2 million (2010: £9.6 million) with adjusted pre-tax profits falling from £564,000 to £505,000 for the six months to June. Net cash increased from £500,000 to £1.1 million.

Lees' chief executive Clive Miquel enthused that the group had shown 'good growth over the period' noting that its Waverley Bakery had 'achieved new listings which would have resulted in this business being well ahead of last year' had it noted been for the 'very poor weather in May and June' which, in particular he blamed for affecting ice cream cone and wafer sales.

The fall in profits was attributed to the increase in raw material costs with Miquel opining that there was a 'natural time lag' in the process of mitigating these increases. Looking forward he noted its 'biggest challenge' was the rising price of sugar.

Analysts at house broker Shore Capital are forecasting pre-tax profits of £1.03 million (EPS: 31.7p) for the year to December 2011.

Recommended by Growth Company Investor last July in a feature on the picks of the food sector, at 144p the shares have increased 34.4 per cent since, currently trading at 193.5p. Having performed impressively over the last year the shares could come under pressure with rising commodity prices, and the strain on consumers growing. Hold.

Tags: AIM market, Scottish baker, Scottish food industry, Snowballs

Sector: Food Producers

Companies: Lees Foods By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=8794359&action=detail Wed, 28 Sep 2011 17:17:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8591124 http://bit.ly/pgUTvx By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=8591124&action=detail Thu, 28 Jul 2011 17:02:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8589502 28/07/2011 Ben Jaglom
http://www.growthcompany.co.uk/news/1644073/lees-feels-sweeth-tooth.thtml


Scottish baker Lees Foods (LEE), the company behind the macaroon bar, has increased sales 6 per cent to £10.22 million issued in the first half of 2011.

In an upbeat trading statement, the AIM-quoted group insists demand for its range of products 'continues to be particularly strong', adding that its Lees of Scotland division, which makes a range of snacks including meringues, teacakes and 'snowballs' (a chocolate-coated coconut treat) achieved 'record sales for the first half of the year.'

The company also notes that commodity prices 'remain high' and stresses it has been 'successful' in taking steps to mitigate the effects of these increases. This January, Lees warned that the rising price of coconut could effect its profits, declaring that there had been a 'time lag' that meant pre-tax profits for the first six months of the year would be lower than last year, though the company now says it is still 'confident' of achieving full-year forecasts.

Analysts at house broker Shore Capital are forecasting pre-tax profits of £900,000 (for earnings of 27p a share) for the year to December 2011. For 2012 profits of £1.03 million and earnings of 31.3p a share are pencilled in.

Growth Company Investor recommended shares in Lees last July at 144p and they subsequently rose to 215p in January. at which point we advised taking profits,. They have since fallen to 184p. While sales are growing, rising commodity prices could well impact margins.

We think the shares are fairly valued. Hold.

Tags: Food producers on AIM, Lees Foods, Scottish companies on AIM

Sector: Food Producers

Companies: Lees Foods By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=8589502&action=detail Thu, 28 Jul 2011 11:44:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8326179 ')" target="_blank" rel="nofollow">http://www.stockopedia.co.uk/events/mello-central-inland-winkworth-robinson-michelmersh-brick-56989/

Mello Central: Inland, Winkworth, Robinson, Michelmersh Brick
Tuesday, May 31 2011 by carmensfella

Well Mello Central number two to be exact and it is this Thursday at 5pm at the same location as the first...The FinnCap HQ at 60 New Broad Street, London EC2M 1JJ. There will be very few changes to the popular format although each presentation will be given slightly longer this time. So here is the confirmed line up and the theme is land and property with a hidden assets twist...( Note..this may not be the exact order on the night)

Inland (LON:INL) 19.5p

Inland specialises in buying brownfield land and enhancing its value by obtaining planning permission, before selling consented land on to developers. The group’s current portfolio, located in London and the South East, consists of 1,600 residential plots, 75% of which are consented, and 256,000 sq ft of commercial space, of which over 60% is consented. Even accepting the discounts to NAV implicit in current housebuilding sector valuations, the shares looks undervalued on an NAV basis...trading at a significant discount to a projected underlying NAV of 33p per share (when attributing upside from land sales at Drayton Garden Village, one of Inland’s core projects accounting for 50% of consented plots). The Inland management team recently attended our Monday Mello evening in Beckenham and the discussion after that presentation can be found here...

http://boards.fool.co.uk/first-up-at-1830-we-heard-from-spru...

M Winkworth Llc (LON:WINK) 88p

Many of you attending will have heard of the franchised estate agency operator focused on Central London, the Home Counties and the South East. Winkworth’s numbers held up well during the recession thanks to its low central cost base and the low capital cost of expanding its model. Earlier this month, the company released results for the year to December 2010, showing a 9.5% uptick in sales to £3.7m and pre-tax profit up by 28% to £1.1m. At the same time Winkworths announced the acquisition of a four-office franchise in Bournemouth for £455,000, after having raised £1.0m in a placing in March to take advantage of a number of identified acquisition opportunities. The results can be seen here...

http://www.investegate.co.uk/Article.aspx?id=201105050700109...

There will then be a ten minute break for everyone to refuel their glasses and also to meet Guy Thomas the author of 'Free Capital' who will be coming into town to provide another short talk on the book and signing copies for those of you who have heard all about it but not yet bought one. I can advise that it is still in the Amazon top 100 and is selling in record numbers for a first time author in its category. Signed copies will be £10 on the day at the Mello Central event.

After the break and the next two presentations....

Robinson (LON:RBN) 84p

Robinson, whose origins date back some 165 years, manufactures and sells injection moulded plastic and rigid paperboard packaging to the food, drink, confectionery, cosmetic and toiletries sectors, counting many of the largest players in the FMCG market among its customers. The company had £24.8m of revenue and made £1.7m of pre-tax profit on its continuing operations for the year to December 2010, having closed its loss-making North American business in December as part of a restructuring. It also has a substantial property portfolio with significant development potential, counting £12.4m of property, plant and equipment on the balance sheet as at 31 December 2010. When was it last valued and how much is actually used for the operational business are bound to be two of the questions ? Here is my write up on Robinsons from just two months ago...

http://boards.fool.co.uk/ooh-mrs-robinson-rbn-12217563.aspx

Plus the excellent non partisan view of their AGM by Myrtle1000

http://boards.fool.co.uk/robinson-p By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=8326179&action=detail Tue, 31 May 2011 10:56:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8301440 ')" target="_blank" rel="nofollow">http://business.scotsman.com/business/Tasty-treat-for-Lees-as.6773816.jp

Tasty treat for Lees as profit tops £1m and shares rise 10%

Published Date: 25 May 2011
By Erikka Askeland
MACAROON maker Lees Foods savoured a more than 10 per cent boost to its share price after it revealed it had broken through the £1 million profit barrier for the first time in its history.
The Scottish confectioner, which also makes coconut snowballs and meringues at its Coatbridge factory, hailed an increase in sales - and price rises - which helped the firm rake in just over £1m in pre-tax profits before exceptional charges in 2010. ADVERTISEMENT


The £79,416 exception charge covering the cost of issuing shares to employees gave the firm an actual pre-tax profit of £949,968.

Sales grew at both the firm's Lees factory and its waffle-cone making business, Waverley Bakery, with an overall increase from £18.2m to £18.7m

The firm, which makes more than 50 million snowballs a year, said that during the year it had focused on developing its Lees brand with the successful launch of a new sweet, Lees Mallow Dreams, earlier this year.

The small rise in sales in 2010 was due to widening the firm's customer base into the catering sector and Europe, despite the rising prices of its raw materials and packaging supplies.

Chief executive Clive Miquel said: "Whilst the outlook for commodity prices remains unsettled, we are confident that we have the measures in place to continue our development. The tough decisions that we have taken to mitigate cost increases have made us leaner and put us in a strong position to achieve our future growth ambitions.

As a result of "a year of solid growth", Lees upped its dividend per share to 7.5p, up from 7.2p last year

The firm's shares rose 10.6 per cent or 19p to 197.5p. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=8301440&action=detail Wed, 25 May 2011 05:23:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.7561710
Baker Lees Foods, the company behind the Macaroon bar released a trading update in which it warns the increase in the price of coconut may impact its business.

The Scottish concern said that sales for the year to December were £18.7m, 2.5% ahead of 2009, while pre-tax profits are ‘in line with current market expectations’.

However, despite the upbeat note, chief executive Clive Miquel warned that ‘towards the end of the year we were hit by unprecedented commodity and packaging cost increases’ and noting that the price of coconut, used in such Lees products as the macaroon bar and the raspberry coconut-ice has ‘more than doubled in recent months.’

Following the update, house broker Shore Capital drew attention to the increase in the price of coconut, which they said would lead to a ‘time lag in costs recovery’ and downgraded profit forecasts for 2011 from £1 million to £800,000.

Recommended by Growth Company Investor last July in a feature on the food sector at 149.5p, shares have put on 44% since, and are currently trading at 215p. Due to pressures from rising coconut prices we think that now may be an appropriate time to lock in profits.

http://www.growthcompany.co.uk/news/1309913/lees-warns-of-rising-coconut-prices-.thtml By petrit ]]> http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=7561710&action=detail Fri, 07 Jan 2011 08:46:00 GMT petrit tag:iii.co.uk,2003:tst.6452440 http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=6452440&action=detail Tue, 08 Jun 2010 07:54:00 GMT whycombe tag:iii.co.uk,2003:tst.4149592 http://www.iii.co.uk/investment/detail?code=cotn:LEE.L&display=discussion&id=4149592&action=detail Thu, 07 Aug 2008 08:35:00 GMT qournman