By Josh White
Date: Wednesday 17 Nov 2021
LONDON (ShareCast) - (Sharecast News) - Agriculture group Camellia announced the purchase of the remaining 20% stake in fruit farming company Bardsley England on Wednesday, for £1.7m, from Bardsley Limited.
The AIM-traded firm said that as part of the purchase, Bardsley England sold an existing loan with a face value of £1.1m to Bardsley Limited, resulting in a net cash outflow from Camellia of £0.6m.
"There has been no material change to the financial information relating to Bardsley England since the prior announcement," the Camellia board said, referring to its initial purchase of the 80% stake in August.
"However, the harvest this year has been disappointing due to adverse weather conditions and the business has also been impacted by weaker-than-expected customer demand.
"However, the long-term fundamentals of the business remain strong and various initiatives are in progress to improve its performance and profitability."
At 1116 GMT, shares in Camellia were up 0.64% at 6,692.5p.
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Currency | UK Pounds |
Share Price | 4,510.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 6,125.00 |
52 Week Low | 4,270.00 |
Volume | 10 |
Shares Issued | 2.76m |
Market Cap | £124.57m |
RiskGrade | 113 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 0 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 1 |
Latest | Previous | |
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Interim | Final | |
Ex-Div | 14-Sep-23 | 15-Jun-23 |
Paid | 13-Oct-23 | 26-Jul-23 |
Amount | 44.00p | 102.00p |
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