Inactive Instrument

REAL GOOD FOOD

Equities

RGD

GB0033572867

AIM WINNERS & LOSERS: Real Good Food expects positive earnings

October 31, 2023 at 06:22 am EDT

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Real Good Food PLC, up 75% at 2.1 pence, 12-month range 0.75p-2.6p. Ahead of its annual general meeting, the Liverpool, England-based food manufacturer shares an upbeat trading update. Says trading well in seasonally busy third quarter in the run up to Christmas, and is seeing benefits from its recent "radical" reform programme. Revenue is up to GBP16.1 million in the six months to September from GBP15.9 million a year prior, despite volumes falling 10%. Loss before interest, tax, depreciation and amortisation is just GBP700,000 for the period, narrowed from GBP2.3 million a year prior. Now expects positive Ebitda of GBP1.0 million for all of financial year 2024, which would be a "significant turnaround" from the loss of GBP5.8 million in financial 2023. "We have made substantial progress since this time last year when the group was really struggling," recalls Executive Chair Mike Holt.

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AIM - LOSERS

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Velocys PLC, down 70% at 0.30p, 12-month range 0.24p-5.8p. The sustainable fuels technology company updates on financing progress. Says there will be no further extension to the convertible loan notes long stop date, and any investment is unlikely to be on the same terms as the previous CLNs. Currently has no binding arrangements for funding, which will be required before the end of the calendar year. Its discussions with strategic investors continue.

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Kore Potash PLC, down 29% at 0.39p, 12-month range 0.37p-0.9p. The London-based owner of the Kola and DX potash projects in the Republic of Congo raises USD2.5 million in a discounted placing of shares at 0.38p each with existing large shareholders. Will use funds to advance the delivery of an engineering, procurement & construction contract for the Kola project, and is exploring options to facilitate a broader shareholder base investing on similar terms across its three stock exchange listing. Additionally, announces the resignation of CEO Brad Sampson, who will leave at the end of next month to "pursue other business interests". Will not appoint replacement until receipt of financing proposal for construction of Kola project. Until then, Chair David Hathorn will take on the role of interim CEO.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
KORE GROUP HOLDINGS, INC.	0.7796 USD	-2.42%	-2.67%	64.86M
KORE POTASH PLC	0.52 GBX	0.00%	+6.12%	27.39M
THE REAL GOOD FOOD COMPANY, INC.	0.2593 USD	+11.48%	-15.26%	5.06M

Latest news about REAL GOOD FOOD

Real Good Food shares cancelled as company sold to British Bakels	Jan. 05	AN
British Bakels Ltd acquired JF Renshaw Ltd. from Real Good Food plc	Dec. 03	CI
EARNINGS AND TRADING: Guinness VCT NAV falls; Dial Square loss widens	Nov. 28	AN
Real Good Food Signs Debt Refinancing Agreement With PMC Financial Services	Nov. 21	MT
Europe shines but NY down at end of positive week	Nov. 17	AN
AIM WINNERS & LOSERS: Parkmead revenue up; Jersey O&G buys vessel	Nov. 17	AN
Real Good Food shares fall on downbeat outlook and JF Renshaw review	Nov. 17	AN
Real Good Food Plans Strategic Review of JF Renshaw Unit; Stock Tumbles	Nov. 17	MT
Earnings Flash (RGF) THE REAL GOOD FOOD COMPANY Posts Q3 Revenue $55.6M	Nov. 10	MT
FTSE 100 Closes Tuesday Lower as Poor BP Figures Cast a Shadow Over Session	23-10-31	DJ
Stocks up despite Eurozone recession fear	23-10-31	AN
Real Good Food shares jump as "significant turnaround" expected	23-10-31	AN
AIM WINNERS & LOSERS: Real Good Food expects positive earnings	23-10-31	AN
Real Good Food Company Insider Bought Shares Worth $168,000, According to a Recent SEC Filing	23-10-12	MT
Real Good Food Prices $14.3 Million Stock Offering	23-10-12	MT
Sector Update: Consumer Stocks Mixed in Late Afternoon Trading	23-10-11	MT
Real Good Food Shares Drop After Launching Public Offering	23-10-11	MT
Sector Update: Consumer Stocks Lower Wednesday Afternoon	23-10-11	MT
Sector Update: Consumer Stocks Advance Pre-Bell Wednesday	23-10-11	MT
Sector Update: Consumer	23-10-11	MT
Fed Rate Outlook, Falling Bond Yields Lift Exchange-Traded Funds, Equity Futures Pre-Bell Wednesday	23-10-11	MT
Real Good Food Launches Share Sale in Public Offering; Shares Slump Premarket	23-10-11	MT
Real Good Food Launches Share Sale in Public Offering	23-10-10	MT
The FTSE 100 Closed Down Despite the Bank of England Leaving Rates Unchanged	23-09-21	DJ
Real Good Food plc Reports Earnings Results for the Full Year Ended March 31, 2023	23-09-21	CI

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Company Profile

Real Good Food PLC is a food manufacturing and distribution company. The Company's Cake Decoration division manufactures sells and supplies cake decoration products and ingredients for the baking sectors. The Company is engaged in the sourcing, manufacture, and distribution of food to the retail, manufacturing, wholesale, and export sectors. The Company's Cake Decoration division comprises, Renshaw in the United Kingdom, United States of America (USA) and Europe and Rainbow Dust Colours. The Renshaw manufacturers sugarpaste, marzipan, soft icings, mallows and caramels and sells across a range of sales channels, such as mainstream and specialist retail, wholesale, foodservice and food manufacturing, as well as export. Rainbow Dust Colours produces a range of edible glitters, dusts, powders and food paints, brushes and pens for the specialist sugarcraft sector. Renshaw Europe sells, markets and distributes both Renshaw and Rainbow Dust products across continental Europe.

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