Britvic Share Discussion Threads

[contrarian2investor] 02/12/2011 16:18

I just picked up so BVIC for my income portfolio. Stop loss placed £3.05p.

[philanderer] 23/11/2011 11:39

Nomura 'buy' tp 415p

Panmure 'buy' tp 400p

both reiterations.

[philanderer] 21/10/2011 08:34

Independent..

Britvic

Our view: Buy

Share price: 328P (+19.7P)

Has Britvic lost its fizz? The company's trading statement yesterday suggested a slowdown in its fourth quarter: revenues rose by only 0.3 per cent compared to strong growth in the third, held back by falling sales in Ireland and France.

But while the problems of the former are hardly surprising given its economic troubles, the French business (acquired last year) did face particularly tough comparatives. Britvic's fourth quarter is made up of July, August, and September.

Last year in France those months were hot, this year they were not. So a fall in sales of 1.5 per cent is not a bad result. What's more, the British and international franchise operations did well.

For the year to 2 October, overall group revenues grew 0.8 per cent, and by 14.6 per cent to £1.3bn including that French business, acquired in the third quarter of last year. The group also pushed through some price increases: the GB and International average realised price was 2.1 per cent higher.

The shares have fallen since we last updated our view in December. So much so, that the valuation is starting to look very compelling. The stock trades on a multiple of just 8 times full year forecast earnings, with a cracking prospective yield of 6 per cent. To put this in perspective, Panmure has highlighted that the valuation represents a discount to the group's international peer group of about 45 per cent. That's undeserved. Soft drinks are clearly not entirely immune from economic woes. But these shares are undervalued. Buy

[philanderer] 20/10/2011 11:01

'Britvic shares up after drinks sales fizz higher'

[philanderer] 20/10/2011 10:59

reiterations..

20th oct Nomura buy tp = 415p
20th oct Altium buy tp = 360p

[philanderer] 12/10/2011 08:26

12 Oct Britvic PLC

Morgan Stanley

Equal weight

tp =380.00

Upgrades

[philanderer] 06/10/2011 11:36

FLASH: Societe Generale initiates buy on Britvic, target price 375p

6 October 2011 | 11:06am

StockMarketWire.com -

[philanderer] 05/10/2011 13:38

Numis initiates add on Britvic, target price 357p.

[philanderer] 26/9/2011 20:31

However, one riser on the second tier was Britvic, up 11.9 to 305.8p thanks to a "buy" note from Altium Securities. The broker pointed out the shares now trade on almost a 6pc divided yield after Britvic's share price fell 25pc over the past three months.

[nofool] 06/9/2011 19:15

Now then; the Scotsman is NOT the IC.

[philanderer] 06/9/2011 08:32

Scotsman newspaper 6th sept..

Britvic's share price has fallen sharply in recent weeks from a 2011 peak of around 440p, says the Scotsman. It has been a rotten summer in Europe and this has persuaded quite a marked reassessment of earnings prospects for the full year. The cold weather in June saw the soft drinks market fall over 8 per cent in the UK and 13 per cent in Irel and but the current rating seems to recognise the seasonal challenges but overlook the operational efficiencies and revenue generation capacity of this group. Buy, recommends the Scotsman.

[philanderer] 05/9/2011 12:27

5th sept BOA Merrills buy tp = 360p

[philanderer] 31/8/2011 11:55

31st august - upgrade

Altium

buy

tp = 360p

[nofool] 31/8/2011 10:33

Price wise, was that a Bear trap?

The RSI says NOT - it is a Bull trap.

..we shall see. But I DO NOT trust any sort of rally in this market. Sorry.

[philanderer] 30/8/2011 11:01

Bit of a bounce today so far nf.

[nofool] 26/8/2011 17:18

Nor me phil; 300p was important. It 'shouldn't' have breached that and it has.

[philanderer] 25/8/2011 23:45

-6% today on 2 million shares traded :-S

At 291p I`m not convinced this is near the low yet.

[philanderer] 25/8/2011 09:31

25th august

Nomura

buy

tp = 415p ( cut from 480p)

[philanderer] 23/8/2011 09:27

Collins Stewart upgrades to 'hold'

TP unchanged at 330p

[nofool] 21/8/2011 15:33

Skill, vision and confidence; are the qualities I am looking for.

[frank_booth] 21/8/2011 14:24

The biggest problem with this company is their debt. Unacceptable levels for a company of this size, get shot of ireland, get shot of this debt and focus on pushing their core products.

Forget buying more companies they need to run their current businesses well at the moment and I don't rate moody to much either.

He's out of his element here.

You need someone more ruthless and aggressive to get this companny where it needs to be.

[nofool] 20/8/2011 22:11

It certainly looks like it phil (at least for the medium term). 300p is SO important now.

But first, the markets need to work out whether the world is in fact coming to an end - or not?

[philanderer] 18/8/2011 23:45

Getting near that time nf ?