Hardman & Co Issues Research Report

RNS Number : 1218U

Real Good Food PLC

04 April 2016

 

Hardman & Co issues research report on Real Good Food plc (RGD.L)

Profits to rise 30% FY17

We reinstate FY17 RGF estimates, having suspended forecasts in February post the Real Good Food trading update on 1^st of that month. Food manufacturing is a robust sector - as long as the producer can manage or minimise exposure to the commodity-based multiple grocery lines. A number of quoted producers have benefitted from trends, for example such as consolidation (Finsbury Foods), pork consumption (Cranswick). Real Good Food's (RGF) underlying trends have diversity, and one main thrust is the continued rise in baking as a hobby. This offers value-add consumer demand. The road has some bumps but is fruitful.  

Please click here for the full report:

http://www.hardmanandco.com/docs/default-source/company-docs/real-good-food-company-documents/04-04-16-profits-to-rise-30-fy17

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