Real Good Food shares spike
SHARES in the Liverpool food ingredients business the Real good Food Company have spiked sharply in the last 24 hours.
The move has prompted management to issue a statement to shareholders saying they do not know what is behind the change.
Shares in the firm, which operates Renshaw Napier – a major food supply business to the catering trade – and cake and dessert maker Hoyden’s Bakeries, closed at 20p on Wednesday.
They ticked up to 26p yesterday and jumped to 33.5p this morning before falling back to 27p.
In a statement the company said: “The directors of the group note the recent movement in the group’s share price and confirm that they are not aware of any reason for such a movement.”
In March the company posted pre-tax profits before significant items of £2.15m, up 139%, for the year to the end of December. Group sales fell 1% to £215.6m. The business has a market value of £18m and employs 120 people in Liverpool with a further 55 near Glasgow.
