Treatt is a world-leading manufacturer and supplier of flavour, fragrance and cosmetic ingredients. Our diverse product portfolio is the result of over 125 years of technical expertise and experience in the global sourcing of flavour and fragrance raw materials. Through our cosmetics division, Earthoil, we also offer naturally-derived cosmetic ingredients, specialising in organic and fair trade, reflecting our commitment to ethical and sustainable practices.

http://www.treatt.com/

On fundamentals, still not expensive imo. This is a niche little business, historically run as almost as a private company (Bovill family) which just happened to have a listing. New CEO appears more commercially orientated. Improved margins, lower overheads mean that for a manufacturer like this I would think that if they should be capable of at least 10% of revenues in pre tax profit - and possibly more. Sales currently also rising, so not out of the question they will reach £100M in next few years, which would give eps perhaps 65p. Asking quite a lot, maybe, but after holding quite a few years I am not selling mine any time soon. Cash was an issue in the first half and will be scutinised when full year figures come out later in the year. Just hope an opportunistic predator does not come along too soon - Bovill family has said their stake (around 29% in all) is up for sale, but thier expectations must have risen after the last few weeks. Always dyor.

Thanks for the update partridge, very interesting.

Treatt PLC (TET:LSE) set a new 52-week high during today's trading session when it reached 588.00. Over this period, the share price is up 72.82%.Share price forecast




The one analyst offering a 12 month price target expects Treatt plc share price to rise to 610.00 in the next year from the last price of 566.00.

:-))

Covered in this weeks IC- A real Treatt

We didn't have long to wait for shares in Treatt, a world-leading manufacturer and supplier of flavour, fragrance and cosmetic ingredients, to re-rate. IN fact, following two weeks since an upbeat trading statement on 28 May, shares in the company have soared to a record high and have produced a bumper 24% return in the two weeks since IC highlighted the investment. As a result, analyst Nicola Mallard at investec securities has massively upgraded her pre-tax profit estimate for the 12 months to end September from £5m to £6m. On this basis, previous EPS forecasts of 34.7p are lifted to 41.9p. IC has a new fair value target price of 600p, to potentially offer a further 10% upside.

Well done on your short term profit dc. Interesting how strategies differ. I belong to the "buy and hold" school of Buffett, which has stood me in very good stead on the likes of Halma, AG Barr and PZ Cussons. Had an interest in Treatt for over 10 years, collecting decent divis and patiently waiting for it to take off. It is still early days of the new broom CEO, but I bought these for my two sons ISAs last year and told them not to sell for at least ten years! IC target is in my view short term - long term might be a lot better, if they stay independent, but always dyor.

Thank you p. I think the investor who purchased these late 2008 must be very happy now.(Below 180p with a constant climb to the present sp). You have to stick to the strategy that suits you. If only we had a crystal ball.
Very nice to be investing for your sons future and I am sure this company will indeed do very well in the future. I will add any news to the thread to keep investors up to date. Thank you p for your knowledge in this company.

Illiquid, but only buy so far today gone through at 600p. dc - IC target may be reached sooner than they expected! Quite heavily invested here by my standards, so will wait for IMS next month before considering more. Comment recently about the use of the stevia plant as a natural sweetener to replace sugar in beverages and from their website artices some interesting products from Treatt to go alongside. Warm feeling about this remains, but always dyor.

Still rising, despite general doom amd gloom on the market. Hopeful that IMS due next month will show the business capable of eps 40p in year to Sept 2013 - and better to come. If that proves to be the case, still not expensive imo, but always dyor.

Treatt: Investec downgrades from buy to hold with a target price of 610p.

Bovill Family Concert Party Placing

http://www.moneyam.com/action/news/showArticle?id=4630088

Sale of Interest in Treatt plc

RNS


RNS Number : 0450J

The Bovill Family

10 July 2013





10 July 2013

Sale of Interest in Treatt plc

As announced on 19 March 2013, the Bovill Family has been exploring ways in which to realise the intrinsic value of their shareholding in Treatt plc ("Treatt" or the "Company"). The Bovill Family announces today that, with assistance from its financial adviser Grant Thornton UK LLP and in collaboration with the Company and its financial adviser Investec Bank plc, the Bovill Family has successfully disposed of 2,950,992 Treatt shares at a price of £5.20 per Treatt share.

As also announced on 19 March 2013, the Bovill Family has been co-operating with Bjornstad and Jendal A/S in relation to the sale of their collective interests in Treatt shares. The Bovill Family are aware that Bjornstad and Jendal A/S has also disposed of its entire shareholding in Treatt today.

The Bovill Family believe that their stewardship of the business has built a strong foundation for Treatt and positioned it well for the next stage of its development.

Thanks dc. Personally, I am pleased that this stake has nor been acquired as prelude to opportunistic bid and see drop in price as buying opportunity, but always dyor.

Director Deals - Treatt PLC (TET)

BFN

Richard Hope, Financial Director, bought 10,552 shares in the company on the 11th July 2013 at a price of 575.00p. The Director now holds 26,372 shares.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

Reassuring that the FD seems to agree! Price seems to have recovered all last week's drop.

Dated last Friday, may be of interest for those invested in Treatt


Treatt FD treats himself to large helping of shares

Fri, 12 July 2013

Date: 16:58


Richard Hope, Group Finance Director of flavour and fragrance specialist Treatt, has forked out almost £61,000 on shares in the company as it looks to begin a new chapter.

On Thursday Hope purchased 10,552 shares at a price of 575p per share, increasing his stake by two thirds to 0.25%, not long after it touched an all-time high.

Changes are afoot at FTSE Fledgling-listed Treatt, with new Chief Executive Officer Daemmon Reeve at the helm for just over a year now, and the Bovill family having just sold almost all their 29% stake.

On Wednesday, the Bovills, which have been associated with the company since 1924, and fellow shareholders Bjornstad & Jendal, a Norwegian ingredients company, placed their combined third of the company’s shares with institutional investors at a price of 520p per share.

Giles Bovill, sales director at the company, has retained a small stake of 21,999 shares.

Chairman Tim Jones said: "The board is delighted that this matter is resolved and the company can concentrate on delivering the benefits of its new strategy."

New broom Reeve has put in place a new focus on customers and products that offer long term sustainable profit growth, together with investment in research and development, and resources to support growth.

According to a recent analyst note from Investec - issued after an encouraging trading update from the firm - many investors in the consumer space will not have come across Treatt, as it is classified by the FTSE in chemicals sector.

“The new strategy has been successfully employed in Treatt’s US operation, where returns have responded favourably in recent years”, says analyst Nicola Mallard.

“Pushing this across the broader group has brought some early wins and resulted in the board’s confidence on the 2-3 year outlook.

Mallard has predicted “steady top line growth, stable margins and good overhead control”.

Shares in the company have been as low as 305p in the last 12 months but today closed 3.52% higher at 588.5p

Interim Management Statement

RNS


RNS Number : 6133K

Treatt PLC

01 August 2013










1 August 2013



TREATT PLC

Q3 Interim Management Statement for year ending 30 September 2013

Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredient solutions for the flavour, fragrance and consumer goods industries today publishes its Q3 Interim Management Statement. This statement relates to the period from 1 April 2013 to 31 July 2013.

Following the trading update published on 28 May 2013, the Board is pleased to confirm that trading in Q3 was strong, with sales up 14% compared to the same quarter last year and, as expected, Group sales for May 2013 reached an all-time high.

Order books for the remainder of the financial year remain healthy, with the total Group order book being 11% up on a year ago. The Board therefore remains confident that the Group is on course to meet its expectations for the year ending 30 September 2013.



Strategically, the Group continues to benefit from transitioning its focus towards delivering value-added ingredient solutions for the beverage and consumer goods markets with the greatest opportunities for growth coming from multi-national consumer goods companies. This, coupled with a heavy emphasis on cost control, is putting the business in very good shape as it looks ahead to FY14.



Treatt Plc's results for the year ending 30 September 2013 will be announced on 9 December 2013.

1 Aug Investec 640.00 Hold

Ex dividend Wed 11 Sept 5.5p