High Liner Foods - Canadian Seafood

eröffnet am 25.11.14 15:31:15 von
neuester Beitrag 28.07.20 19:51:01 von

WKN: 872694 | Symbol: HLF
9,870
C$
22.10.20
Toronto
-1,10 %
-0,110 CAD

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25.11.14 15:31:15
(zur Ergänzung der peer-group: Marine Harvest, Tassal, Pacific Andes, Thai Union Frozen, Leroy, Salmar, Austevoll, Grieg)


Overview
High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Our retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and effective October 7, 2014, C. Wirthy & Co. labels, and are available in most grocery and club stores. We also sell branded products under the High Liner, Icelandic Seafood, FPI, Viking, Mirabel, Samband of Iceland and American Pride Seafood labels to restaurants and institutions, and we are a major supplier of private label value-added frozen seafood products to North American food retailers and foodservice distributors.

High Liner Foods is a publicly traded Canadian company, trading under the symbol HLF on the Toronto Stock Exchange.

The company began in 1899 with the founding of W.C. Smith & Company, a salt fish operation located in Lunenburg, Nova Scotia -- the current home of our head office . On December 20, 2007 the Company acquired the North American marketing and manufacturing business of Fishery Products International. On December 13, 2010 the Company purchased the assets of Viking Seafoods, Inc. On December 19, 2011 we purchased Icelandic USA, Inc. and several other subsidiaries of Icelandic Group hf. On October 1, 2013 we acquired the principal assets and operations of American Pride Seafoods LLC from American Seafoods Group LLC.

Today, we are North America's largest marketer of frozen value-added seafood products.
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25.11.14 15:32:52
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28.11.14 12:32:58
habe mir mal ein paar Ansichtsstücke zugelegt
1 Antwort
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31.05.15 15:53:41
in 2014 zum ersten Mal über 1 Mrd. USD Umsatz...
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05.10.15 14:17:14
Blair Levinsky's Capitalize For Kids Presentation
- Questions:
o What is the situation?
o Why does it exist?
o How is it going to change?

- Crowding in non-resource equities
- Hot IPO market, expensive food companies
- Short High Liner Foods (TSE:HLF)
- Customers such as Walmart, McDonalds for seafood
- Have seen growth in sales and EBITDA yet volumes have declined 13 quarters in a row, margins have compressed.
- Attempting to bail themselves out of the mess through acquiring companies with debt.
- Now they are overlevered and have bad businesses to run
- Through analysis of the cash flow statement it looks like realized incremental EBITDA/Capex+acqusitions+NWC inv. Between 2011 and 2014 imply average acquisition price of 13.3x multiple which is very high for industry
- High Liner claims to have a 30% pay out ratio but have averaged -$40MM in FCF for the last 5 years but have been increasing the dividend payout for the large family shareholder who likes dividends
- Current earnings are $71MM (without adjustments), have told the street they will see $150MM in EBITDA in 2016, difficult to manage given lack of balance sheet flexibility and inability to drive cost cuts


Read more: http://www.marketfolly.com/2015/10/blair-levinsky-short-high…
3 Antworten
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12.10.16 08:52:47
Antwort auf Beitrag Nr.: 50.777.205 von R-BgO am 05.10.15 14:17:14
DIESES Timing war schlecht,
Kurs ging von damals rund 14 CAD zwar noch runter bis 13, danach aber steil hoch auf die aktuellen gut 24...
2 Antworten
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22.02.17 19:57:15
heute solide Zahlen, dem Markt gefallen sie nicht...
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26.09.17 16:34:24
High Liner Foods Completes the Acquisition of Rubicon Resources, LLC

- High Liner Foods acquires US importer and distributor of sustainably sourced shrimp (all figures are in U.S. dollars ("USD") unless otherwise noted) -


LUNENBURG, NS, May 30, 2017 /CNW/ -

High Liner Foods Incorporated (TSX: HLF) ("High Liner Foods" or "the Company"), the leading North American value-added frozen seafood company, today announced that it has completed the acquisition of Rubicon Resources, LLC ("Rubicon"), previously announced on May 10, 2017.

"We are very pleased to have completed the acquisition of Rubicon," stated Keith Decker, President and CEO of High Liner Foods. "Rubicon supports our growth strategy by expediting our diversification into aquaculture species like shrimp that are experiencing higher growth rates in North America, and will also add immediate shareholder value through increased sales and earnings."

"The key to our success has been our relentless customer focus and long-term strategic partnerships with shrimp producers," shared Brian Wynn, Rubicon's chief executive. "Aligning with High Liner Foods will help us to better serve our clients, our employees, and most importantly, the consumers who rely on quality seafood that has been sourced responsibly."

The Company acquired 100% of the outstanding equity of Rubicon, a privately held US based corporation engaged principally in the import and distribution of sustainably sourced frozen shrimp products in the private-label U.S. retail market. The Company believes this acquisition will provide it with a strong platform for growth in this key species.

Rubicon's annual sales in 2016 were approximately $234.0 million with pro forma Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") of $16.0 million. The purchase price for Rubicon was $107.0 million prior to transaction fees, and was settled 70% in cash and 30% in High Liner Foods common shares (representing approximately 2.43 million High Liner Foods common shares), with the share consideration subject to a three year stand-still agreement during which time the sellers are not permitted to sell the shares (except in limited circumstances). The transaction also includes a five-year supply agreement with Rubicon's supply partners based on mutually acceptable terms and a three-year employment contract with Brian Wynn to continue as Rubicon's President.

The Company does not anticipate it will realize material synergies from this business but it will be immediately accretive in 2017, after considering the impact of incremental interest costs related to financing the acquisition, and excluding the impact of one-time costs associated with the acquisition which will be expensed in the period they are incurred.

The acquisition was financed using the Company's existing asset-based revolving credit facility ("ABL"), however the Company is in the process of refinancing a portion of this additional ABL debt to a fixed term by replacing it with a $70 million addition to its senior secured Term Loan B. In regards to this acquisition, RBC Capital Markets acted as financial advisor to High Liner Foods and American Discovery Capital, LLC acted as financial advisor to Rubicon.
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26.09.17 16:56:37
Antwort auf Beitrag Nr.: 48.442.038 von R-BgO am 28.11.14 12:32:58aufgestockt
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16.06.18 12:51:14
Antwort auf Beitrag Nr.: 53.457.759 von R-BgO am 12.10.16 08:52:47
inzwischen runter auf 11 CAD,
KGV nur noch 8,4;

aber der Trend fühlt sich nicht gut an
1 Antwort
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