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Conviviality Share Discussion Threads
Showing 251 to 273 of 275 messages
|Since the company has made it clear that more acquisitions are possible, further placings may be required – so that the current dividend yield cannot be relied on as a source of income.
Overall, this is a good example of a stock which looks more like a value trap than an attractive investment proposition.
The Chief Executive’s seemingly overly generous remuneration package and lack of ‘real’ equity participation, in what amounts to a highly geared ‘buy and build’ growth strategy, are also grounds for concern.|
|Goes interim ex-dividend today on 4.2p.|
|After the recent rises and excellent news I think this will drift down somewhat before the next push. 220p is my re-entry point.|
|I wonder where the analysts got that 290 target from lol. Could be worth £4 in fact - if Tesco don't fk it up that is - Buy in the chronically timed investor today. An order cluster around prior rst & the broad IHS neckline cld be interesting.
|Cheers for broker note Flagon.|
|Divi up 100% - gotta love that statement!|
|All seems pretty good. Have to keep an eye on the debt level though|
|Thanks for that.
Yes excellent results.|
|WH Ireland this morning -
Conviviality~ (CVR) – Buy – Interims robust with trading remaining positive; integration on track
Market Cap £446m Price 260p Target 310p (from 300p)
Conviviality has this morning released a positive set of interim results, illustrating the considerable progress that has been made in the period. H1 2017 Group revenue increased by 210.5% to £782.5m, reflecting the full period contribution from Matthew Clark and Peppermint and part period contribution from Bibendum, these also being reflected in the 250bps increase in the gross margin at 12.5%. Adjusted PBT rose by 294.9% to £15.4m and EPS +142.1% at 9.2p. The proposed interim dividend is ahead by 100% to 4.2p, with the net debt position at £138.4m, reflecting both seasonal outflow and the Bibendum acquisition.
Trading since the end of H1 has again been positive, with Group sales ahead by 6.1% in November and December and a 2.1% increase in Retail LFL’s for the 6 weeks to 1 January 2017. With this inline trading performance, in combination with the integration plan remaining on track, we leave our underlying forecasts unchanged this morning, whilst taking into account a slightly reduced FY 2017E anticipated tax charge, resulting in a 2% uplift to our FY 2017E earnings expectation (WHI est. FY 2017E PBT £45.5m/EPS 20.8p, FY 2018E PBT £52.8m/EPS 23.3p).
The shares have performed well since the beginning of the year and this morning’s results illustrate the considerable progress that has been made. However, given the growth opportunities, in combination with the potential for further synergies from the acquisitions of Matthew Clark and Bibendum to come through, we view the PER multiples of 12.5x falling to 11.1x, backed by an attractive 5% dividend yield multiples as remaining undemanding and raise our SPT to 310p.|
|Fingers crossed for a good fist half! Monday 30th January, 2017 (Estimate)
Half Year 2017 Conviviality PLC Earnings Release|
|With a decent interim statement and outlook, £3.00 is the target.Still would be only on a prospective pe of 12 for fy 18 and a yield of over 4%. My largest holding. Excellent Chief Executive|
|pushing higher finally...|
|Why come to a bb for info? Go to the conviviality website / investor relations / financial calendar and it says...Half year preliminary results 30th Jan|
|Thank you Flagon....visited the board today in the hope that someone might have posted date interims where due.... + they have broken up through the downtrend today so with luck the news will be good.|
|Run up to the interims on 30th Jan ?|
|Looking good since Christmas, nearing highs again.|
|Not without its risks, but I've bought in and may top up when the fog of all the M&A clears a bit.|
Group unaudited revenues for the period were 211% ahead of last year at GBP783m (H1 2016 (27 weeks): GBP252m) and includes revenues from the acquisitions of Matthew Clark on 7 October 2015, Peppermint on 31 December 2015 and Bibendum PLB Group on 20 May 2016.|
|General market sentiment with U.K. Consumer facing stocks. I'm sure on reflection in a couple of years these will look bargain levels. Fill your boots!|
|Does any one know why over the last month or so this has steadily ticked down ?
The latest broker forecast I have is from Shore Capital who on 30th Sept 2016 said they expect 2017 eps to be 20.5p followed by a rise to 24.4p in 2018. These were pretty much bang in line with consensus. Seems a cheap share ... a single digit PE with good growth prospects and a 6%+ yield.|
|Yes Conviviality on a forward pe of 10 and a 5.7% prospective yield Totally different proposition than Majestic as CVR are now predominately drinks wholesalers with a franchised retail side.Excellent management as well I think lead by the very experienced Diana Hunter.|
|Hard to buy in any decent quantity.Anyway have dipped my toe now with the intention of adding once the shares become available at a decent price.|
|Down a little today ... maybe due to Majestic Wine profit warning ?
Would seem strange as Majestic's problems are in the USA and with a 'posh booze' B2B subsiduary. They were also highly rated with a 2017 P/E of 25 dropping to 18.8 prior to todays update.
I prefer the cheap stuff myself :)|