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TFL - TasFoods Limited

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Re: ONC - Oncard

robusta said:
Just had a look at this company for the first time, got all exited for a minute, then I got to the cash flow statement. Oh well what can you do?.
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The China expansion would be a "Wow factor" for a lot of people. But from what I have found most Chinese corporations have really low return on equity / capital - mainly due to the fact that their economy works differently - government regulation is a massive burden. The culture is always going to be a big challenge too - don't forget China is still effectively a third-world country in most parts. It is inevitable that they will become more and more capitalist - but cultural forces will stop this from happening at the rapid pace than most people expect.
 
Re: ONC - Oncard

China and India market remained a pipe dream for hundred of business, the success rate is very very low

The only business I can see that may do well is fast food, industrial, financial and everything else it is not that easy lot of regulations and you need to have contacts and do dodgy deals...

Unless you are already in those market and making money but if you plan to expand there and think profit
going to be xxx hmmm .... Any business that spruik China or India I stay out
 
On November 25th, 2015, OnCard International Limited (ONC) changed its name and ASX code to TasFoods Limited (TFL).
 
I think there is a bias for buying stuff close to home and I surely suffer from it.

I like the potential here.

Utilise the natural Tasmania brand.
Attempting to establish a commercial model that cares for animal welfare and food quality. Is the market that will pay a bit more big enough?

Really early days yet - not yet at cash break even and business currently way too small for corporate overhead. Expect more purchases. Appear to have very good access to big hitters in capital market if required for right purchase. Had no trouble getting capital for Woolworth if deal hadn't fallen over.
 
TasFoods' share price taking off after yesterday's release of the CEO's presentation to AGM.

The FY18 Results were pretty impressive with increases across the board.



Betta Milk Acquisition

On 13 May 2019, TasFoods entered into an agreement to purchase the milk processing assets and brands of the Betta Milk Co-Operative Society Limited for $11.5 million in cash, funded in part through an $8 million non-renounceable rights issue fully underwritten at $0.12 per share.

Betta Milk, established in 1956, has market shares of 17% of Tasmanian fresh milk sales and 37% of branded milk sales and in FY18 had net revenue of $16.42 million. The acquisition includes Betta Milk's export-accredited processing facility in Burnie, and distribution centres in Launceston and Hobart.

TFL is growing strongly as a result of acquisitions and significant sales revenue increases of its existing dairy, poultry and horticulture brands. If the trend continues it looks like TasFoods is likely to be a quality long term play for buy and hold types.

 
Quarterly report out. Revenue continues to grow but so are costs - which aren't going to drop anytime soon - EBITDA starting to look a little flat. Freight, materials, employee expenses were 95% of revenue last year. 92% of revenue the year before. So thats not a great look. Synergies are not going to get TFL a 3-4 million swing. Maybe a half million.

What is the path to sustainable profitability? Operating cashflows are more or less breakeven. Still need a few million a year for capex. When will they come back to shareholders with their hands out for more $$ to "buy" more revenue?
 
Still looking poor. NTA down. Losses bigger. Their strategy is to increase prices - That is not going to work - just no reason to invest here.
 
With the new acquisition that will add to revenues, TFL looks like it could turn the corner...



There is always the "Tasmanian" X factor that could give the share price a boost as well, just look at PFT !

I am picking TFL for CY2021 competition.
 
TasFoods has recorded a half year net loss of $1.4 million on sales up 5 per cent to $33.9 million. It said EBITDA finished at $1.02 million, versus an EBITDA loss of $300,000 in the prior half year period.

The cheese, cream, butter, poultry and gourmet wasabi producer finished the period with cash on hand of $4.2 million.

Launch of ISLE & SKY
A Brand for Tasmanian Organic Produce
- will be launched in September 2021 with a range of organic chicken products to drive super premium chicken sales growth in interstate markets.

"To become Australia’s leading source of Tasmanian food and beverage products by offering a curated portfolio of Tasmanian brands to discerning food lovers through acquiring and integrating scalable food businesses."
 
$13 million market cap.

.. and some corporate action,; milk would be low margin, so a good idea?
 
yes i was checking out the asset sale to BGA , and then back-tracked to the poultry buy

i kind of like business that go full hatch-ling to the table ( so to speak )

but crikey some of the past financials have been impressiveness

am thinking i need 2.5 cents ( or lower ) for an entry point
 
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