Camellia (CAM)

Sector:

Food

Index:

FTSE AIM All-Share

4,470.00p
   
  • Change Today:
    -30.00p
  • 52 Week High: 6,125.00
  • 52 Week Low: 4,270.00
  • Currency: UK Pounds
  • Shares Issued: 2.76m
  • Volume: 5,380
  • Market Cap: £123.46m
  • RiskGrade: 113

Camellia profit to take a hit after BF&M disappointment

By Josh White

Date: Wednesday 07 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Tea-focussed agriculture holding company Camellia said in an update on Wednesday that its expectations for underlying profit before tax were unchanged for 2022, with the exception of BF&M, which announced third quarter results "significantly below" what was anticipated on Tuesday.
The AIM-traded firm said BF&M reported a shareholders' net loss of BMD 13.4m (£11.01m) for the nine months ended 30 September, compared to net income of BMD 19.5m year-on-year.

Net income from operations after excluding the negative fair value movements in investments totalled BMD 9.3m, down from BMD 17.8m in the first nine months of 2021.

"Despite the economic headwinds and investment market volatility that continue to impact BF&M results, BF&M's underlying business is trending favourably, with property and casualty benefiting from a strong rate environment and minimal exposure to Hurricanes Fiona and Ian," the Camellia board said in its statement.

"Group life results were strong, while group health claims remain elevated over pre-pandemic levels.

"The pension and annuity businesses remain well-positioned to optimise opportunities as the markets settle."

Equity attributable to BF&M's shareholders as at 30 September totalled $294m.

Excluding any financial results for BF&M, Camellia said it believed that its adjusted profit before tax would be between 50% and 55% below that of last year.

In light of BF&M's third quarter results, it said it was likely that adjusted profit before tax for the group for the year ending 31 December would be lower than what it believed in its update on 22 November.

"However as a consequence of the impact of the volatility of equity and bond markets on BF&M's results, it is not possible for Camellia to forecast the likely full year outcome for BF&M with any certainty."

At 1147 GMT, shares in Camellia were flat at 4,500p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Camellia Market Data

Currency UK Pounds
Share Price 4,470.00p
Change Today -30.00p
% Change -0.67 %
52 Week High 6,125.00
52 Week Low 4,270.00
Volume 5,380
Shares Issued 2.76m
Market Cap £123.46m
RiskGrade 113

Camellia Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.47% above the market average58.47% above the market average58.47% above the market average58.47% above the market average58.47% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
24.11% below the market average24.11% below the market average24.11% below the market average24.11% below the market average24.11% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
70.49% below the market average70.49% below the market average70.49% below the market average70.49% below the market average70.49% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
57.48% below the market average57.48% below the market average57.48% below the market average57.48% below the market average57.48% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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Camellia Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Sep-23 15-Jun-23
Paid 13-Oct-23 26-Jul-23
Amount 44.00p 102.00p

Trades for 28-Mar-2024

Time Volume / Share Price
08:37 1,100 @ 4,385.00p
10:25 1,100 @ 4,550.00p
10:26 1,100 @ 4,550.00p
15:41 100 @ 4,440.00p
15:13 50 @ 4,440.00p

Camellia Key Personnel

CFO Susan Ann Walker

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