After searching i can't believe there's no thread on this one.

Anyhow what about a bounce for tomorrow after some sort of analysts meeting?

Regards

Stan.

http://www.latimes.com/business/printedition/la-ft-splenda10oct10,1,3593285.story?coll=la-headlines-pe-business

Broker Roundup: Numis recommends Tate after analyst visit
Published: 09:43 Monday 17 October 2005
By: Phil Cozens, Stockmarket Correspondent

Numis has a buy rating and 552p price target for Tate and Lyle after analyst visit to the US.

is this worth buying now? big spike down for a big boy

sp fell as far as 378 this morning and has now rallied to 401, but this a thumping loss ...... the chart is meaningless, but looking back a long way, there is arguably support at about 360, but there should have been much better support at 440, but sp didn't even blink on the way down and through.

my gut feeling is that as a trade there may well be scope, but as an investment, there has to be better to choose.

SV,

In a rising market I would be looking at these as a recovery play but in this "iffy" market I will pass.

Sentiment towards the dollar is not likely to improve short term but TATE is one to put on the watch list, hopefully to bottom fish. Good quality brand name and management,s continued concentration on higher margin products will be noticed by longer term investors.

Long term I wouldn't disagree GC but short term the market is very unforgiving at the moment, hence the punishing drop. Another reason for the drop is the price hike in raw materials worldwide.

tate have now had 3 profit warnings and there is no obvious good news in the immediate future ..... not a good investment, even if there is a quick bounce as some short postions are closed.

Any chance of two quid again?

If yes, there I will be again.

I will be shorting Tate & Lyle from Monday. Currently 402p closed on Friday. This has much more downside. Short it now.

You may be right short term but be careful you are not caught out by an oportunistic bid. Sharehoders funds 1billion market cap 2billion dividend safe as reserves more than adequate.

bid by whom?

richard have a look in your email box

Cynic how about ABF for starters?

janet .... have read and will reply tomorrow

I would not be surprised if they fall again tomorrow.

Bit out of contact with TATE over the last year and did not realise this was their 3rd warning.

"A boardroom shake-up is likely to be demanded this week by lead investors in the embattled sugar group, Tate & Lyle, following the company's third profits warning in a year, says the Sunday Independent."

..In view of that you could well be right Mitzy.

Keep on shorting TATE and you'll be in profit

hyleo may well be right, and the current spike might be the time to jump in if you are so inclined .... however, even at today's depressed price (down another 16), NRK may still be the safer short

You're lucky you could even see a price - what website are you using??

I think Tate & Lyle could still fall further, from reading various reports, but isn't there also some maxim to 'SELL on the 1st profits warning and BUY on the 3rd'?