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Del Monte Pacific
06-12-2019, 07:45 PM.
Post: #121
RE: Del Monte Pacific
Del Monte Pacific’s Second Quarter FY2020 Results

Highlights :
* Positive outcomes backed by strong sales growth in fresh pineapple in North Asia, increased sales in the Philippine market, and transformational initiatives at US subsidiary
* Maintaining solid market share across legacy categories, while expanding into other new growth categories and channels
* Gross profit, gross margin, recurring EBITDA and net profit recorded significant improvement
* Without one-off expenses, operating profit increased by 65% to US$47.2m while net profit more than doubled to US$15.9m
* Planned one-offs, mainly non-cash, attributed to US plant closures/sale in line with assetlight strategy, led to a net loss of US$37.4m, with expected immediate and ongoing savings of US$50-60m over the next 24 months.

More details in :
1. https://links.sgx.com/FileOpen/2__DMPL_2...eID=589669
2. https://links.sgx.com/FileOpen/1__DMPL_2...eID=589668
3. https://links.sgx.com/FileOpen/3__DMPL_2...eID=589670

DMPL today closed at S$0.14 (+0.001), up 0.75%
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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17-05-2020, 10:26 AM.
Post: #122
RE: Del Monte Pacific
Liquidity has returned to financial markets, but recent issues show that the cost for borrowers with weaker balance sheets or unattractive businesses are much clearly higher than before the pandemic.

https://links.sgx.com/FileOpen/DMPL%20-%...eID=611226

So DMPL has a large share of the US and Philippines canned fruit and vegetables market, and is an old and familiar brand name to consumers. But changing consumer preferences mean that selling prices have to be constantly low(er) for its value proposition to be attractive to consumers. Yet, the heavy debt burden and high(er) financing costs has been setting back whatever thin margins the business is making. In the years to come, DMPL may be in a worse financial position if these trends do not reverse.

If that is the case, the pricing of its recently refinanced debt may not be too high after all.

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