|Dairy Crest Group
||EPS - Basic
||Market Cap (m)
Dairy Crest Share Discussion Threads
Showing 851 to 875 of 875 messages
Peel Hunt - BUY note today with TP £7.20|
Guardian article: DCG paying more more for milk to UK farmers. also mentioned was sales of key brands were rising.|
|Disappointing reaction to what appears to be a solid statement this morning. Perhaps the market expected an update on the china powdered business arm which was conspicuous by its absence i thought.|
|Having bought these after the EU referendum fall I never dreamed they would rally nearly 25%.
One of my better decisions.|
|I see this has been tipped by the Times as a 2016 pick. His 2015 tips averaged a 8% loss over the year - admittedly mainly due to a couple of oil stocks. His confidence in DCG seems partly related to potential upside from the china powdered market.|
|Nice few weeks. Muller back for the lot in the new year?|
|Sold around half my holding|
|i am no chartist but this chart looks doomed for a slump. experts please correct me if i am wrong!|
|Sale of dairies confirmed at last - onwards and upwards hopefully!|
|nice bounce off pivot spt|
|£80m deal to get rid of a break-even division is a non-event for an £800m company. Let's move on...|
Dairy Crest and Müller edge closer to sealing £80m deal|
|Thanks. I'll chase them down.|
|sludge paid into my account on the 6th August 15.7p/share|
|Strong few months. I always had this down as a pretty dull stock...lately its been pretty exciting! The quietest BBs tend to be a sign of a good stockI can't find when the final divvy is due. Website just says 'August'.Next updates coming by way of:Dairy Crest expects to issue its half-yearly trading update on 22 September 2015 and its Interim Results for the six months ending 30 September 2015 on 5 November 2015.|
|I`m waiting for the CMA re Poundland`s takeover of 99p stores - october they reckon before a decision !|
|Thanks philanderer - the CMA is not coming out of this well!|
|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.
|Going well again against the market.|
|Sell off resumes, share price curdles again.|
|Dairy Crest annual profits curdle but company remains confident
LONDON (ShareCast) - Dairy food group Dairy Crest (LSE: DCG.L - news) annual pre-tax profits plunged, dragged lower by the dairies division. In the year to 31 March, the group's pre-tax profits fell 59% year-on-year to £22.1m, while revenue declined 4% to £1.3bn and adjusted pre-tax profits slid 7% to £60.6m.
The drop in profits was driven by slump in the diaries group profits, which plummeted 90% to £1.8m, while the cheese and spreads division made a profit of £66.9m, a 19% increase from the corresponding period in 2014.
Earlier this year, the FTSE 250 group agreed to dispose of its diaries division to achieve a more streamlined business style and in a statement released on Thursday, the group described the decision as a positive development for the company and the wider UK dairy sector.
Analysts at Shore Capital reiterated their 'buy' rating on the stock, although they warned of uncertainty around the sale of the business.
"We retain our view that Dairy Crest stock would be rerated if clearance for the dairy sales is achieved, though with uncertainty expected for a number of months, we would be surprised if the stock is weak today," they said.
The London-listed company said it was well positioned for sustainable growth, adding it had met its target to deliver annual cost savings of over £20m.
"We expect that our net debt, which at the year-end remains within our target range, will fall once we have completed our major investment projects," said group chief executive Mark Allen.
"The receipt of the proceeds from the sale of our dairies operations will accelerate this reduction." Dairy shares were down 4.42% to 495.10p at 09:41 on Thursday.|
|Sell off appears to be over ;-) For now?|
|Sell off appears to be gathering pace.|