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Britvic Share Discussion Threads
Showing 1151 to 1174 of 1175 messages
|11th jan Citigroup buy tp 670p
'Britvic becomes official soft drink supplier to Twickenham Stadium'
|Numis: 12 New Year share tips
Britvic can brave the headwinds
Concerns about consumer spending, rising costs from the weak pound and the impending sugar levy have weighed on soft drinks manufacturer Britvic (BVIC), with its shares down 19% over one year.
While analyst Charles Pick says these worries are legitimate he believes they are priced in and, encouraged by the company’s track record of meeting or beating its profits targets, has set a price target of 697p against their current 581.5p.
‘Talks with retailers are planned for January-March 2017 to seek to pass on higher input costs and note that there is some offset to sterling weakness too as the group will enjoy translational gains on the 27% of euro based sales last full year from France and Ireland,’ said Pick.
The impact of next year’s sugar tax will not be severe for a company which includes low sugar Pepsi Max among its brands. ‘68% of the portfolio in Great Britain and Northern Ireland will be unaffected by the sugar levy due to new products that are low/zero sugar plus existing product reformulations,’ he said.
JP Morgan raising tp to 585p .. 'neutral' retained|
|Breaking out of the H and S pattern
17.5p in a month as well :)|
|4th jan Soc Gen buy tp 680p
4th jan Shorecap buy -|
|Britvic to acquire Brazilian drinks business Bela Ischia for $66m
UK soft-drink maker continues expansion in world’s largest concentrates market
Analysts at Citi said the deal was “strategically sensible” and “shows management’s commitment to internationalisation”.
... they expected the cost cuts, combined with Britvic’s push for further international expansion, would benefit the group in the medium to long term.
“The stock has been impacted by a perfect storm of negative external factors and concerns that have overshadowed the change that is taking place at Britvic and that will position the company well for the future,” they said.
This follows the acquisition by Britvic of another Brazilian soft drinks business Ebba in summer 2015 (the acquisition price of Ebba was BRL 580m, 12.1x EBITDA).
The Bela Ischia brands have a similar consumer proposition to Ebba brands but different geographic footprint; the Bela Ischia brands are the leaders in juice/concentrates Rio De Janeiro, whilst Ebba brands Maguary and Dafruta are more popular in Sao Paulo and the North East respectively.
Bela Ischia top line grew by double digits in the last 12 months, reaching BRL 160m of sales and BRL 18.5m of EBITDA. The acquisition represents Britvic doubling-down on their commitment to Brazil, where their existing business saw strong revenue growth in FY16 (+19%).
"Substantial annual cost synergies" are a key aspect of the deal. Whilst Britvic have not quantified the benefit of these synergies in this morning's press release we expect synergies in procurement, logistics and production.
The company expects the deal to complete by the end of March and to be EPS accretive in the first full year (low single digit in our view, though this has not been quantified by the company). When Britvic acquired Ebba in 2015 they issued guidance to double EBITDA by 2020, and deliver sustainable cost savings of BRL $10m in the short term.
The c.£54.5m acquisition will be funded through existing debt facilities, and will take Britvic's net debt to EBITDA up to 2.3x in FY17e, based on our numbers. Whilst cashflow remains weak as Brtivic continues to spend on incremental capex in GB, this level of leverage remains manageable, in our view
Britvic is the cheapest stock in our coverage universe on a P/E basis at 11.4x CY18 EPS. It offers an attractive 4.4% CY18 dividend yield, although FCF yield remains low in light of incremental capex spending.
|Britvic rallies as Numis reiterates 'buy' after acquisition news
|Great news! Doing what they do best, but i didnt know Brazil was such a big market.|
|3rd jan Numis buy tp 697p|
|Thumbs up to international expansion :-)|
|haha yeah. Needs to close above the resistance otherwise it dont look good. 250 having a great day.|
|It tried :-)|
|H+S pattern forming? £6.10 target if it breaks upward.|
|Best one for me today but nothing really happening.|
|Maybe get that AG Barr deal back on ?
Britvic Plc (LON:BVIC)‘s stock had its “neutral”; rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a 550p target price on the stock|
|Gotta be one of the top takeover targets for 2017 at this price.|
|15th dec Berenberg buy tp 725p cut from 750p|
|14th dec Whitman Howard buy tp 800p|
|SocGen also upgrading today from 'hold' to 'buy'
12th dec Soc Gen buy -
12th dec Numis buy tp 697p
7th dec UBS buy tp 700p
1st dec Goldman Sachs neutral tp 600p
1st dec JP Morgan neutral tp 580p
1st dec HSBC hold tp 625p
1st dec Deutsche hold tp 600p
1st dec Barclays overweight tp 710p
1st dec Jefferies hold tp 600p
30th nov Goodbody buy -
30th nov ++++ Results ++++|
|Britvic Plc (LON:BVIC) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Monday. The firm presently has a 697p price objective on the stock, up from their previous price objective of 650p|
|A good week Mozy.... +18p on the week plus the 17.5 dividend :-)|
|Fever Tree must have the lions share of that market phil? Well at least the premium end.
Had a nice run today.|
|'Record sales of gin as Britain knocks back over 1 billion g&t's'
and tonic ;-)|