Hardman Issues Research Report

RNS Number : 8396F
Real Good Food PLC
16 November 2015
 

 

Hardman & Co issues research report on Real Good Food Company

 

 

Gross margin up 3.6% points at interim stage:  Real Good Food has transformed its prospects through corporate action over the past nine months. The market has yet to catch up with this. Importantly, the mix of business is biased to higher margin and growth markets. For example, Renshaw (72% Group operating profits) reported H1 10.8% operating margins up from 9.3% through a focus on sales mix. We therefore see good margin expansion for FY16E  and strong prospects thereafter. Trading in the seasonally important Q3 has seen "strong sales trends… at Haydens Bakery and Cake Decorating Businesses."

 

 

Please click here for the full report:

 

http://www.hardmanandco.com/system/files/research_papers/RGF%20November%2015.pdf

 

 

To contact us:   

Hardman & Co

11/12 Tokenhouse Yard 

London

EC2R 7AS

Contact: Mike Foster mf@hardmanandco.com

Telephone: +44 20 7929 3399

Follow us on Twitter @HardmanandCo

 

 

 

www.hardmanandco.com

 

About Hardman & Co: For the past 20 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

 

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

 

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAGGGCAGUPAGGQ
UK 100

Latest directors dealings