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TerraVia

191 Posts
Pagina: «« 1 2 3 4 5 6 ... 10 »» | Laatste | Omlaag ↓
  1. veer62 5 april 2016 16:59
    SAN FRANCISCO--(BUSINESS WIRE)--VMG Partners, a private equity fund focused exclusively on partnering with emerging branded consumer product companies, and TerraVia™ (NASDAQ:SZYM), formerly known as Solazyme, Inc., a visionary leader in algae-based food, nutrition and specialty ingredients, announced today the launch of TerraBrands™. The new venture combines VMG’s expertise, investment capital and success investing in leading consumer brands such as KIND, Vega, Pretzel Crisps, Justin’s, Health Warrior and Solid Gold Holistic Pet Food, to name just a few, with TerraVia’s innovative algae-based food and nutrition platform. Additionally, Keith Belling, the founder and former CEO of popchips, will be joining the team, bringing his expertise in building brands and teams to the partnership.

    “Algae is the mother of all plants and earth’s original superfood. Given the accelerating demand for plant-based nutrition, we are excited to be at the forefront of this next generation of foods and ingredients”
    Tweet this
    Over more than a decade, TerraVia has invested in developing a unique understanding and expertise around algae, resulting in an innovative suite of algae-based food, nutrition and specialty ingredients with successful regulatory review and validation by major CPGs and cutting-edge consumer brands. By deploying VMG’s brand-building expertise and investment capital, TerraVia’s proprietary and disruptive algae-based ingredients, and Keith Belling’s marketing and brand-building expertise, TerraBrands™ will target investing in or acquiring established lower middle-market companies in the food, pet and nutrition segments to drive differentiated positioning and compelling growth opportunities in attractive categories.

    “Algae is the mother of all plants and earth’s original superfood. Given the accelerating demand for plant-based nutrition, we are excited to be at the forefront of this next generation of foods and ingredients,” said Michael Mauze, Managing Director of VMG Partners. Kara Cissell-Roell, Managing Director of VMG Partners, said, “We see a compelling opportunity to marry products and brands with TerraVia’s innovative, nutrient-rich ingredients in response to a rapidly growing consumer demand for healthy, environmentally sustainable food products that don’t sacrifice on taste.”

    Jonathan Wolfson, the founder and CEO of TerraVia, said, “We’re excited to work with VMG, one of the world’s most successful private equity firms in building cutting-edge food and nutrition brands, and which also recently invested in our transformation from Solazyme to TerraVia. I am also thrilled that Keith has agreed to take a key role in this venture, as he is not only a brilliant marketer but also a proven category creator. By bringing together VMG, TerraVia and Keith, we will help drive a new movement, recognizing algae as a critical solution for plant-based eating and nutrition. We believe TerraBrands™ will also enable TerraVia to capitalize on the opportunity to create substantial value for our shareholders by focusing on select branded consumer opportunities.”

    The combined team will put TerraBrands™ in an excellent position to leverage unique relationships and expertise and build great businesses with strong brands, excellent management teams, strategic focus and go-to-market strategies for its portfolio of partner companies. “Working with TerraVia and VMG to build TerraBrands™ represents a unique opportunity to help drive the creation of an exciting new category in food that truly delivers on nutrition, taste and sustainability,” said Belling, who in his tenure with popchips helped lead the next generation in better-for-you snacking.

    About VMG Partners

    VMG Partners is focused solely on partnering with entrepreneurs and managers to support the growth and strategic development of branded consumer products companies in the lower middle market. Since its inception in 2005, VMG has provided financial resources and strategic guidance to drive growth and value creation in more than 20 companies. VMG's defined set of target industries includes food, beverage, wellness, pet products, personal care and household products brands. Representative past and present partner companies include KIND Healthy Snacks, Pretzel Crisps, Pirate's Booty, Waggin' Train, Natural Balance, Vega, Babyganics, Solid Gold, Health Warrior, Perfect Bar and Justin's. VMG Partners is headquartered in San Francisco. For more information about the fund please visit www.vmgpartners.com.
  2. veer62 7 april 2016 04:26
    quote:

    doewap schreef op 5 april 2016 06:42:

    De Q1 cijfers komen over een maand. In de EPS zit dan een stukje Unilever omzet. Dus zouden de cijfers een sprong moeten maken. Dat moet zich wel vertalen in een hogere prijs. We zullen zien. Ik geef dit niet op voor Unilever dat doet en die doen dat duidelijk niet.
    Ik hou ze ook wacht mooi de cijfers af gister een mooie plus 7,77% hoop dat ie vandaag doorzet ,heb me goed in gelezen hier. Wat een mooi bedrijf man deze gaan echt winst maken dit jaar met die mega deal en wat er nog komen gaat? Groetjes veer
  3. [verwijderd] 21 april 2016 12:48
    Geweldig fragment:
    Innovation in food takes a significantly long time, particularly when you're talking about new ingredients for formulators to work with. After all, it was indeed a full 8 years ago in which a company employee first baked a cake with leftover algae oil for co-founder Harrison Dillon. Since that light-bulb moment in which food became a possible avenue to explore, the company has continually sought to develop new ingredients and refine its growing process in order to optimize customer acceptance.

    seekingalpha.com/article/3965872-terr...

  4. [verwijderd] 29 april 2016 16:59
    Ik ken de goeie man niet. Maar ik ben meer benieuwd naar de CEO.

    De CV van deze meneer lijkt me prima in orde. 20 jaar in de proteine ingredienten, waarvan 16 jaar hoge functies bij DuPont. Hij zal ergens in de 50 zijn, ook goed.

    Ik wacht. Wellicht nog voor de CC meer, die is a.s. woensdag nabeurs.
  5. veer62 6 mei 2016 07:31
    algae innovation and a food, nutrition and specialty ingredients company, announced today results for the first quarter ended March 31, 2016.

    “TerraVia’s emergence as a food, nutrition and specialty ingredients focused company is well underway,” said Jonathan Wolfson, CEO of TerraVia. “Over the last two months, we’ve expanded the customer base for our AlgaVia Lipid-Rich Whole Algae Powders and Proteins, and we’ve initiated deliveries to Unilever under our new $200 million supply agreement. Today, we introduced AlgaPrime DHA for the aquaculture market with our partner Bunge including the announcement of AlgaPrime DHA’s first supply agreement with a global aquaculture leader. These and other initiatives are designed to leverage our transformational algae platform to deliver true and much-needed innovation in food, nutrition, and specialty ingredients. We’re excited about the momentum we’re building at a time when consumer demand for healthier alternatives is on the rise.”

    TerraVia plans to change the company’s ticker listing to NASDAQ: TVIA and to formalize a legal name change to TerraVia Holdings, Inc. this month.

    Financial Review

    Results for the quarter reflect the Company’s announced focus on the food, nutrition and specialty ingredient categories. Total revenue for the first quarter of 2016 was $10.9 million compared with $12.6 million in the first quarter of 2015 reflecting a de-emphasis in industrial revenue partially offset by increased food ingredient revenue. GAAP net loss narrowed to $26.5 million for the first quarter of 2016, from a net loss of $34.7 million in the prior year period as the Company begins to benefit from reductions in cash operating expenditures. On a non-GAAP basis, the net loss also declined to $22.0 million for the first quarter of 2016, compared with net loss of $29.5 million in the prior year quarter. A reconciliation of GAAP to non-GAAP net loss is included in the financial tables appended to this press release.

    “The significant steps we’ve taken to streamline our operating expense structure are taking hold and we are on plan with our spending and investment goals for the year,” said Tyler Painter, COO and CFO of TerraVia. “These efforts, along with opportunistic, ongoing initiatives to enhance our balance sheet and liquidity position, will provide important support as we execute on our commercialization strategy in foods, nutrition and specialty ingredients.”

    Business Highlights

    TerraVia has recently announced the following business developments:

    TerraVia and Bunge Launch AlgaPrime™ DHA for the Specialty Feed Ingredients Market (May 4, 2016)
    TerraVia Announces New Head of Global Food Sales (April 29, 2016)
    VMG and TerraVia Partner on New Venture Targeting Investment Opportunities that Leverage TerraVia's Breakthrough Algae Platform (April 5, 2016)
    TerraVia (Solazyme) Announces Appointment of Food Industry Veteran Irene Chang Britt to the Board of Directors (March 15, 2016)
    TerraVia (Solazyme) and Unilever Sign Multi-Year Supply Agreement for $200 Million+ of Sustainable High Performance Algae Oils (March 14, 2016)
    Solazyme Focuses Its Breakthrough Algae Platform to Redefine the Future of Food (March 11, 2016)
    Conference Call

    TerraVia will hold a conference call for investors on May 4, 2016 at 1:30 p.m. PT (4:30 p.m. ET). Investors may access the call by dialing 973-409-9250. A live webcast of the call will be available from the Investor Relations section of www.solazyme.com A recording of the call will also be available by calling 404-537-3406; access code 91806405 beginning approximately two hours after the call, and will be available for one week. A webcast replay from today’s call will also be available from the Investor Relations section of www.solazyme.com approximately two hours after the call and will be available for up to thirty days.
  6. TheAdmiral 6 mei 2016 08:43
    quote:

    veer62 schreef op 6 mei 2016 07:35:

    Volgens mij is dit niet best,doewap hoe zie jij dit?omdat je nog niet gereageerd heb naar de cijfers heb ik me twijfels
    Valt wel mee. EPS $0,02 beter dan verwachting. Plannen zien er ambitieus uit. Wat mij nog niet duidelijk is of er een verdere dilution (verwatering) gaat plaatsvinden.
  7. [verwijderd] 6 mei 2016 10:39
    Veer, mijn absentie is geen reden te twijfelen. Kom zeg. In de tijd dat ik hier teveel zat heb ik er juist vaak naast gezeten!
    TerraVia is op de goede weg, maar de weg is veel langer dan ik dacht. Een zwakke plek van mij. Als ik roep DIT IS HEM dan schrijf je het op en kijk je een jaar later nog eens.

    Zie bijvoorbeeld AMSC en ERII. Daar heb ik de boot gemist trouwens. Ik heb minstens twee jaar geleden draadjes opgezet voor die twee.

    ATHX ook zo eentje. Een potentieel monster.
  8. veer62 14 mei 2016 08:04
    DIMAGE SOURCE: TERRAVIA.

    Solazyme is no more. Now, food and specialty ingredients manufacturer TerraVia (NASDAQ:TVIA) is a revamped, refocused, and reinvigorated company. And after a $28 million cash infusion, plus the expected divestment of industrial assets and perhaps its cosmetic line, you could add "refinanced" to the list (although the company ended 2015 with nearly $100 million in cash).

    In the next year, TerraVia and its joint-venture partner Bunge will be busy acquiring customers and growing markets for its food, animal feed, and specialty ingredients segments. While it's doing so, a major contract with Unilever (NYSE:UL) will provide a steady baseline of production capacity at the company's manufacturing facility in Moema, Brazil. The contract will be worth over $200 million in revenue in the next five years, so investors have the right to be excited, but another, less advertised partnership is even more important for investors and TerraVia. That's especially true if the company's new vision and focus is actually going to pay off.

    Unilever delivers a different kind of value

    By now, investors are acutely aware of the monetary value of the Unilever deal for a personal care ingredient that the pair have worked on for several years: $200 million in revenue over the next five years -- with the majority of the revenue back-loaded in the second half of the contract. The deal is "cost-plus," meaning Unilever pays TerraVia a price that covers certain (but not all) production costs, plus a predetermined premium.

    In other words, the deal will likely not be profitable up front, or even at all. However, it does allow TerraVia and Bunge to utilize Moema more consistently, which reduces costs associated with equipment downtime. The deal will also allow the JV partners to learn from mistakes during process development and product scale-up -- and get paid to do it. Therefore, regardless of whether or not the deal proves profitable in the next five years, the value created from de-risking manufacturing operations during that period has the potential to pay big dividends in the short and long term.

    Is Unilever important to TerraVia? Absolutely. But while $200 million over five years is a big deal for the food and specialty ingredients manufacturer and its investors, that sum is chump change for Unilever. Consider that the $135 billion personal care powerhouse pays out $481 million every three months in dividends. Put another way, Unilever can afford to overpay for algae-based products. The marketing value alone ("We use sustainable ingredients") is probably worth it. And if TerraVia closes its doors tomorrow, Unilever will hardly bat an eyelash.

    Viewed from that perspective, it's important for investors to consider other partners that have more skin in the game while still having the potential to create significant long-term value. Enter obscure VMG Partners.

    The critical partnership for TerraVia's future

    There was no press release to announce a newly formed venture between TerraVia and VMG Partners in early April, so you'd be forgiven for overlooking the potential, although several media outlets broke the news to investors: the launch of TerraBrands. TerraVia will lend its technical know-how and food ingredients to the new company, while VMG Partners will immediately infuse up to $25 million in growth capital. That's separate from VMG Partners' investment in TerraVia announced in March, and it doesn't include additional capital that can be supplied from TerraVia's balance sheet or outside sources.

    VMG Partners boasts an impressive resume of identifying and growing food brands including KIND, Vega, Pretzel Crisps, Justin's, and Health Warrior. As reported by Jenna Broughton of Inc., "Keith Belling, the former CEO and founder of popchips, has joined TerraBrands to provide mentorship." For those of you keeping score at home, popchips, which launched in 2007, doubled sales from $45.7 million in 2011 to $93 million in 2013.

    The goal of TerraBrands is simple: to invest in and/or acquire established companies and brands in human food, nutrition, and pet food that could utilize any of TerraVia's ingredients.

    The potential here is actually pretty sweet.

    Terravia Logo

    SEVERAL FOOD INGREDIENT BRANDS FROM TERRAVIA THAT COULD PLAY IMPORTANT ROLES AT TERRABRANDS. IMAGE SOURCE: TERRAVIA.

    By acquiring established brands, TerraVia will avoid specific risks associated with launching an in-house brand from scratch. Instead of spending time testing products and attempting to stand out in a crowded market, the company can devote capital to reformulating products with algae ingredients and growing market share. Better yet, there will be a baseline of revenue -- and maybe even income -- from the beginning. The more brands it acquires, the more manufacturing capacity it can utilize, which further lowers production costs across the company's portfolio of food and speciality ingredients.

    On paper, this is the most important partnership for TerraVia's future. And, in my mind, it's not even close.

    What does it mean for investors?

    If TerraVia's new vision and focus on food ingredients is ever going to prove successful, then it needs TerraBrands to take off. The venture won't be an overnight success story; investors shouldn't forget that it took nearly seven years for popchips to notch $93 million in annual sales. Given the recent pivots, investors are right to acknowledge that the margin for error is a bit smaller now. But the combination of capital, innovative ingredients, and vision certainly makes TerraBrands a more important -- and more exciting -- growth avenue than anything offered from bulk sales to Unilever.

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