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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dairy Crest | DCG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 620.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 620.50 | 620.50 |
| Top Posts |
|---|
Posted at 22/2/2019 08:49 by redbaron10 All very suspicious,the share price rise here recently.I was looking for a good entry point for the attractive dividend but the share price was rising on no news.With Brexit uncertainty overshadowing the market,this share is now up 50% in no time.This is why private investors no longer trust these markets. |
Posted at 21/2/2017 15:45 by fez77 British BullsOur system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 572.5000, and our valid average buying price stands now at 573.0800. The previous SHORT signal was issued on 10/02/2017, 10 days ago, when the stock price was 577.3078. Since then DCG.L has fallen by -0.73%.Market Outlook The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. Financial Times As of Feb 18, 2017, the consensus forecast amongst 9 polled investment analysts covering Dairy Crest Group plc advises investors to hold their position in the company. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Nov 15, 2016. The previous consensus forecast advised that Dairy Crest Group plc would outperform the market. The 8 analysts offering 12 month price targets for Dairy Crest Group plc have a median target of 611.50, with a high estimate of 720.00 and a low estimate of 500.00. The median estimate represents a 5.98% increase from the last price of 577.00. Broker Forecasts February 2017 HSBC 10/02 Reiterates Buy 710.00p Whitman Howard 09/02 Reiterates Hold 630.00p Peel Hunt 09/02 Reiterates Buy 720.00p |
Posted at 15/6/2015 20:25 by philanderer Guardian market report:Among the mid-caps Dairy Crest dipped 4.5p to 525p after Friday’s news after the market closed that the Competition and Markets Authority had referred the sale of the company’s dairy operations to Muller UK, an investigation which will take a minimum of 24 weeks. Shore Capital analysts Clive Black and Darren Shirley said: Not surprisingly, to our minds, the Competition & Markets Authority (CMA) has decided to take the proposed acquisition of Dairy Crest Dairies by Muller-Wiseman to a phase II review. However, when trying to make sense of the process we believe that CMA has bottled it, so unnecessarily prolonging a process that is, by common thinking, necessary for the challenge and over-supplied British liquid milk industry to progress; a view implied in the CMA’s own narrative to our minds. ... the CMA is potentially in a pickle here because if this merger does not go through then there will be further economic consequences because the viability of liquid production is under serious threat. The discounting of a highly expensive product to produce, care for and move is a frustration for everyone involved in milk production. Rationalisation and concentration needs to take place because the retail trade is picking off the processor leading to depleted margins. Such margins are a chronic issue with respect to future investment and innovation in the trade. The farming lobby will justifiably go nuts with the CMA if common sense does not prevail. That though, when it comes to common sense, there is now encyclopaedic evidence that the CMA lives on another planet. Shore Capital believes that this apparently finely tuned decision creates a path for Muller-Wiseman to explore reasonable remedies with the CMA albeit we struggle to see why change is necessary in the first place, particularly if big supermarkets are behind the decision. In due course though, admittedly at inordinate cost, we believe that there are greater chances than not that approval can come through. Accordingly, whilst we sense that the management and shareholders of both parties and their suppliers will be frustrated, we reiterate our buy stance on Dairy Crest Group shares, noting that a cash generative group with a strong portfolio of proprietary brands remains for investors to harvest. |
Posted at 06/5/2014 08:18 by m.t.glass Headline stories over the weekend about China banning all imports of UK cheese might be of no direct relevance to Dairy Crest (Do they export any cheeses at all to China??) - but might plant enough of a worry in investors' minds to deter them until they see how the story pans out."The ban will remain in place until all UK cheese plants exporting to China are audited." |
Posted at 18/6/2013 16:25 by philanderer Missed this from last week..Morgan Stanley restated their hold rating on shares of Dairy Crest Group (LON: DCG) in a research note issued to investors on Friday, AnalystRatingsNetwor |
Posted at 12/5/2013 20:52 by philanderer 'Sentiment could sour towards Dairy Crest'Strong rally offers a profit-taking opportunity at the milk, cheese and butter business Risk-averse investors might consider selling into the rally at milk, cheese and butter supplier Dairy Crest (DCG) ahead of forthcoming (23 May) finals. Downgrades could be on the cards, should the dairy foods firm flag margin pressure and slowing.... subscription reqd. |
Posted at 11/4/2013 08:57 by philanderer Well actually no chance.Shareholders told in february that there wouldn`t be one this year and the next communication from the company will be the Prelims in may. Many thanks to DCG investor relations dept for a very quick response :-) |
Posted at 20/1/2013 10:07 by philanderer Mail on SundayMIDAS SHARE TIPS: A chance for investors to cream a profit at Dairy Crest, 19 January 2013 Anyone who has bought a cut-price burger from a supermarket recently will almost certainly be wondering what was in it. The horse meat scare is the latest in a series of food industry scandals that all seem to arise when price is more important than quality. Fortunately, Dairy Crest Group is not in that position. The company has nothing to do with meat and is keenly aware of the need for high standards at its facilities. At 4001/2p, the shares offer good, long-term value. The firm supplies a third of the country's milk, including all that sold by Waitrose and Marks & Spencer. Sainsbury's and Morrisons but not Tesco are key customers, too, as well as corner shops, hospitals and restaurants. It even delivers milk to a million homes. The company buys about four billion pints a year from farmers and chief executive Mark Allen is known for his desire to see them get a fair price. But milk is a commodity and profit margins are low, so Dairy Crest has to work hard to deliver returns to investors and keep customers and suppliers happy. The firm has made tangible progress towards that end and Allen intends to lift the milk division's profits from about £10?million to about £30?million over two to three years. Dairies are being merged, new machines have been acquired that process milk faster and more efficiently and the business has invested heavily in software that will ensure it transports milk more cost-effectively. The firm is doing much better with dairy products, such as Cathedral City cheddar and Frijj milkshakes. Sales of Cathedral City have doubled over the past five years and the cheese was recently voted one of British consumers' most trusted brands the only food in the top ten. Frijj sales are growing strongly, too, and a long-life version, which can be sold in petrol stations and other outlets with limited fridge space, was recently launched. Dairy Crest makes Country Life butter, Clover spread and other similar products. This market is highly competitive, but Allen is merging two factories next year to boost efficiency. The group has also launched an internet ordering service, Milk & More, using its milk floats to deliver groceries daily. And last year, Allen sold French spreads firm St Hubert for £344?million, since when he has been looking for acquisitions. For the year to this March, brokers expect profits of £50?million rising to nearly £60?million in 2014. The dividend is forecast at 22p in 2013, rising to 23p in 2014, so the stock is on a yield of more than five per cent. Midas verdict: Dairy Crest is a well-regarded food company, doing its best to maintain standards and increase profits in a tough market. However, milk prices have at least started to rise recently and the outlook is better than it has been for years. The shares should increase. Buy Read more: |
Posted at 24/9/2012 07:24 by skinny Dairy Crest is issuing the following pre-close trading update for the six months ending 30 September 2012 ahead of announcing its Interim Results on 8 November 2012. Trading in the first half of the year has remained challenging and our profits, having adjusted for the disposal of our French spreads business, St Hubert, will be lower than the same period last year. However, our profit expectations for the full year ending 31 March 2013 remain unchanged. Strong momentum in Brands Our four key UK brands (Cathedral City, Country Life, Clover and Frijj) have continued to perform strongly in the first half. Increased marketing expenditure behind these brands is supporting this growth. All four have been advertised on television in the period - the first time that has ever happened. Innovation remains a focus in our ongoing drive for added value sales. For example, Chedds, natural cheese for children (whose annual retail sales now exceed £7 million), Frijj Incredibles and Cathedral City Selections are all performing strongly. Further innovations are planned for the second half, including a long-life variant of Frijj. This is aimed at the convenience market and provides a significant opportunity for further growth. As part of our continued drive to grow and improve efficiency across our business, we have decided to consult with employees on plans to consolidate our spreads production into a single UK location, our existing facility at Kirkby, Merseyside. As a result of the consolidation our site in Crudgington, Shropshire, will potentially close in 2014. Decisive action in Dairies Our Dairies business has been facing unprecedented market conditions but we remain focused on achieving a 3% return on sales in this business in the medium term. We continue to take a number of decisive actions to achieve this, including implementing milk selling price increases, closing our Aintree creamery, consolidating milk rounds to allow the closure of 23 depots in the six months and reducing overheads. Plans are on track to close our Fenstanton dairy, as previously announced, this autumn. We increased the price we pay our non-aligned supplier farmers for milk by 1.85 pence per litre from 1 October 2011, but a steep fall in cream prices led to a price reduction of 2 pence per litre from 1 May 2012. A second planned reduction, due to take place on 1 August 2012 was postponed while we negotiated price increases with our customers and this had a small adverse effect on profits in the period. We have today announced higher farmgate milk prices for our suppliers. These reflect the expectations of improving returns from commodity markets and higher selling prices. Improved financial position Following the sale of St Hubert, our financial position is much improved. We received 430 million on 28 August 2012 which has been used in part to repay drawdowns from our revolving credit facility. The balance has been placed on short-term deposits, with the position for the longer term currently under review. Our aim in deploying cash will be to preserve the Group's capacity to make acquisitions, while providing appropriate long-term funding for the pension fund and driving towards a more efficient debt structure. Mark Allen, Chief Executive, commented: 'We are pleased with our first half performance despite the significant pressures on our business. Although we expect these to continue into the second half our first half performance together with our plans for the second half means that our profit expectations for the full year remain unchanged. At the same time we have continued to move the business forward and the proceeds from the sale of St Hubert leave us much stronger financially.' Dairy Crest is hosting a visit for analysts and investors at its Kirkby Spreads manufacturing facility on the afternoon of Monday 24 and Tuesday 25 September. The management team will make presentations on our Spreads and Dairies Businesses, as well as the Group's sales and marketing activities. These will be made available on Dairy Crest's website at www.dairycrest.co.uk |
Posted at 29/6/2012 22:40 by aleman (Taking up a point in your article.)Buybacks are bad news in my experience - not theory but experience. Surfcontrol (price tanked after trade deteriorated), United Utilities (buybacks then price fell after dividend cut), National Grid (rights issue and slight dividend reduction hit price following buybacks), Just Car Clinics (management got larger share of company, shares fell on worse trading, then tanked when they delisted). I was considering Halfords recently but the buyback there put me off as it often suggests management have run out of ideas and/or are pursuing their own interests, in my experience. They've now tanked as online eats into traditional sales, it's diversification into car servicing is being hit by margin pressure as others doing the same, and its debt has risen so they may now be set to cut the dividend to pay debt down. They look like inadvertently paying for buybacks by cutting the dividend. You will get a good argument from many investors based on bad experiences. Many of us now see buybacks as a sign of weak management or a sign of selfishly putting eps- linked directors' options and bonuses ahead of shareholder returns - or, at least, some shareholders' returns as shareholders want returns in different ways, which is part of the problem. That's practical experience. Now the theory: if these companies had given shareholders more dividend, they would have had the opportunity to reinvest in other companies to give them more dividend income to help offset the capital losses, with the potential for an offsetting capital gain as a bonus. This can possibly debated but the principle that stands out to me is this: it should be MY decision if I want to use MY profit to buy more of the same company's shares. If I wanted to pass that decision to somebody else, I would have invested with a fund manager of some description. My track record of investing (despite the above) is actually very good and I'm now a professional investor. WHy do directors think they know better than me how to invest in shares? If they want to invest in more cheese makers or car servicing equipment, then I don't pretend to know capex better than them and will defer, but I don't see why they should think they know that their own company is the best choice of share available on the whole stockmarket. By operating buybacks, they are denying me the decision on the best place in the market to invest my money and doing it for me. The odds on it being their own company out of the thousands I can choose from are rather slim ,and might not be wanting to increase my concentration risk. If the case was actually compelling enough, I might want to buy more - but not have a large volume of buying pushing the price up. Why would I want to see the price rise of a company I was trying to buy more of? I'll get a better yield if the price falls! So, actually, the directors and I do not have the same interests when it comes to buying shares. If they want to buy shares in their own company, they should USE THEIR OWN MONEY RATHER THAN MINE. I used to think buybacks were okay but experience has tought me differently and I almost always vote against them (and convoluted remuneration packages that encourage them). If a company's shares are good enough value, then I can still buy them myself with the extra dividend distributed. If others also think they're good enough to buy and push the price up, then I can't complain. And I like to complain. We need more shareholders to do so. (I've already noted the Long Term Incentive Plan is very generous - up to 100% of salary for 2012 - and linked to eps, with allocations 40% related directly to eps, and 60% indirectly as total shareholder return. It is very typical of the type of packages I vote against because it does not bring directors interests into line with mine as it encourages potentailly ill-timed buybacks over dividends. ) I, too, am struggling to see why the market was so underwhelmed by the St Hubert divestment. We sell 1/3rd of profit-generation and get over 3/4 of the market cap as cash. Granted that 1/3rd was a growing bit. I agree it it will feel better when we see the cash being put to good use. I don't see buybacks as being good use. |
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