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.

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]

From the chart, though, I'm not sure how much further it will go in the short term - unless a bid is in the air

Could be a bid Toya but meantime the chart says 550p.

Not sure how you arrive at 550p Mitzy. Looks to me as though it is exactly touching the 200dma and above the 150 and 50dmas. Apart from that I would guess 540p as the next resistance level, having previously been a long-term support. Guess it may bounce back off the 200dma, but if it breaks through then it could well recover.

I'll keep an eye on this again and post any snippets I come across.

Profits on target Toya no problems here.

Time to re-visit this one and I hope everybody sold at 580p in March...back to 300p in 2009.

Good bet is PURE as an alternative.

Back in today.

Fantastic head and shoulders chart

Trading statement not too bad no negatives neutral I'd say.

Sweet :-)

Tate & Lyle upgraded to outperform from neutral at Credit Suisse, target price rising to 550p from 300p

TATE been dropping fast to 415p now.

Tate & Lyle shares drop over doubts on sweetener prices


Tate & Lyle shares suffered their biggest drop since May after analysts at Credit Suisse said sweetener prices have probably fallen by more than 15pc, and cut their profit forecasts.

The analysts also cut their rating on the shares from outperform to neutral.

"With demand for starch products - sweeteners, paper starches, food starches, etc. - remaining weak, the US starch industry has been scrambling to fill 2010 annual sweetener contracts," the analysts said. "We are surprised to see the extent to which the industry's "disciplined pricing" has collapsed. But it has, we believe, and industry profits will be sharply down accordingly."

Tate & Lyle declined to comment on sweetener pricing and said it usually updates the market once the process is almost complete. This is likely to be towards the end of this month.

Credit Suisse cut its pre-tax profit forecasts for the year to March 2011 by 20m to 240m.

The shares dropped more than 6pc on Thursday, falling 28.8 to 418.7p.

Prices for the high-fructose corn syrup used as a sweetener in soft drinks are being affected by the fall in demand for other products extracted from corn, such as starch used in cardboard packaging, the analysts said.

Some drinks brands such as Snapple and Gatorade are also switching to sugar, because of health concerns about corn syrups.

Tate's raw materials costs won't be any lower, the analysts said, also eroding profits.

And followers of these? ex divi 23rd @16.10.

Another good rise today!