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.

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'?

IG ...... always live prices .... buy on 3rd profit warning? .... you must surely be joking!!

I'm not about to buy T&L - made some money on the stock a while back and have kept away since. Many thanks for the info re IG!

Broken the 500p barrier back to 600p next .

Hi Mitzy - I saw this little snippet in The Times on Monday 11Feb:

"Tate & Lyle senior executives have met representatives from Harbinger Capital, the activist American hedge fun that has recently built a 10 per cent stake in the sugar producer." [apparently originally appeared in the Sunday Telegraph]