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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Britvic Plc | LSE:BVIC | London | Ordinary Share | GB00B0N8QD54 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.12% | 822.00 | 824.50 | 825.50 | 826.00 | 813.00 | 813.00 | 367,993 | 16:35:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Btld & Can Soft Drinks,water | 1.75B | 124M | 0.4969 | 16.60 | 2.06B |
Date | Subject | Author | Discuss |
---|---|---|---|
03/1/2017 12:56 | Morgan Stanley: 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. | philanderer | |
03/1/2017 12:52 | Britvic rallies as Numis reiterates 'buy' after acquisition news | philanderer | |
03/1/2017 10:03 | Great news! Doing what they do best, but i didnt know Brazil was such a big market. | mozy123 | |
03/1/2017 09:52 | 3rd jan Numis buy tp 697p | philanderer | |
03/1/2017 09:46 | Thumbs up to international expansion :-) | philanderer | |
22/12/2016 16:06 | haha yeah. Needs to close above the resistance otherwise it dont look good. 250 having a great day. | mozy123 | |
22/12/2016 14:27 | It tried :-) | philanderer | |
21/12/2016 16:29 | H+S pattern forming? £6.10 target if it breaks upward. | mozy123 | |
21/12/2016 14:39 | Best one for me today but nothing really happening. | philanderer | |
16/12/2016 12:25 | Maybe get that AG Barr deal back on ? Britvic Plc (LON:BVIC)‘s stock had its “neutral” | philanderer | |
15/12/2016 13:04 | Gotta be one of the top takeover targets for 2017 at this price. | spoole5 | |
15/12/2016 11:25 | 15th dec Berenberg buy tp 725p cut from 750p | philanderer | |
14/12/2016 12:30 | 14th dec Whitman Howard buy tp 800p | philanderer | |
12/12/2016 23:59 | SocGen also upgrading today from 'hold' to 'buy' updated: 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 ++++ | philanderer | |
12/12/2016 13:36 | 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 | philanderer | |
09/12/2016 23:30 | A good week Mozy.... +18p on the week plus the 17.5 dividend :-) | philanderer | |
09/12/2016 20:53 | Fever Tree must have the lions share of that market phil? Well at least the premium end. Had a nice run today. | mozy123 | |
09/12/2016 20:30 | 'Record sales of gin as Britain knocks back over 1 billion g&t's' and tonic ;-) | philanderer | |
08/12/2016 10:49 | Yes - does a tax on tabbacco make people smoke less.... Demand is very inelastic. It will raise revenue for the govt for sure. It just means consumers pay more for their sugar hit. The manurfacturers wont pay the tax. They will lower sugar levels just under the taxable bands and the whole industry will raise its prices. Had a fever tree (booo hiss) ginger beer last night. Quality was apparent. Britvic get a move on with London Essence!!!!! Fever Trees offering at the supermarket last night in the mixer section was far greater than Britvics. The carbonated isle was bigger than cokes tho :) | mozy123 | |
08/12/2016 10:21 | I don't think the sugar tax will make any difference, companies will just move away from sugar more and more as they have done however it impacts on every company so it doesn't really matter anyway, if people want sugary drinks they will just need to pay a little more, it's pretty simple really, the analysts will make more out of it than anyone else simply because they have to create action. The sugar tax will be forgotten about after a while. | eastbourne1982 | |
08/12/2016 09:58 | Wake me up if it ever gets back to fair value | mozy123 | |
08/12/2016 09:47 | Rally continues. Taking into account the xd today we`re +11p from last night. | philanderer | |
07/12/2016 21:34 | Yes the sector is ripe for consolidation to blend brand offerings to avoid high sugar taxs. Having said that a tax on sugar wont really affect volumes. People buy pepsi at £5 a litre at the cinema. Whats 24p..... | mozy123 | |
07/12/2016 21:20 | Britvic must be a takeover candidate given the share price weakness despite very solid business performance, throw in the weak pound and I wouldn't be surprised if a bid came in from overseas. £7 - £7.50 would be tempting however it would also offer decent value for a buyer. | eastbourne1982 |
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