Real Good Food(RGD.L) The potential for a major transaction is flagged ? positive   Â
Today sees a trading update which is distinctly mixed: Napier Brown trading ispoor; elsewhere is good. Crucially the Chairman states the Group is “in
discussions with several parties in relation to a potential transaction involving
Napier Brown.” Here is a potential complete, positive, change in fortunes for
the Group. The potential transaction is stated as “significantly strengthen”[ing]
the balance sheet. Napier Brown – despite its current problems – is clearly
drawing substantial interest. Clearly the Group has a positive set of options
here. The balance of the Group has issued a positive trading update and is cash
generative with strong margins and growth. Â
Real Good Food operates in three markets, being cake decoration, food ingredients and premium bakery. Co.'s cake decoration division manufactures, sells and supplies cake decorating products and ingredients through its Renshaw, Renshaw Europe, Renshaw Americas, and Rainbow Dust Colours units. Co.'s food ingredients division manufactures and supplies a range of food ingredients from bagged sugar and dairy powders to chocolate coatings and jams through its units: R&W Scott, Garrett Ingredients, and Brighter Foods. Co.'s premium bakery division manufactures and supplies cakes and desserts to the retail and foodservice sectors through its business units Haydens, and Chantilly Patisserie.
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