Dairy Crest Share Discussion Threads

[philanderer] 13/11/2012 08:55

UBS retains 'neutral' and increases target price from 335p to 360p

[philanderer] 12/11/2012 13:50

£1bn youth plan....DCG represented

[philanderer] 12/11/2012 11:33

Numis reiterates 'buy' and increases target from 430p to 444p this morning.

[philanderer] 11/11/2012 20:13

'Dairy Crest still seeking buyer for Fenstanton site'

Sunday, November 11, 2012


The doomed Dairy Crest plant at Fenstanton will stay open until the New Year to help the company cope with extra demand over the Christmas holiday.

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Production ended two weeks ago, but 73 of the 248 employees have been kept on until January, when they will face redundancy.

Remarkably, more than 80 per cent of the 175 employees who have already left have moved on to other things.

In the meantime, the site has been put on the market and has already generated commercial interest.

[philanderer] 10/11/2012 18:51

Updated brokers since interims:


8th nov Panmure buy tp 385p
8th nov Jefferies buy tp 400p
8th nov Investec buy tp 377p
8th nov Peel Hunt buy tp 360p
8th nov Shorecap hold -


8th november ++++ interims ++++

[philanderer] 09/11/2012 19:52

News from the week..

monday 5th nov

Milk price must rise further – dairy expert

Dairy processors must implement further rises to the milk price to avert further action from disgruntled farmers, a leading dairy expert has warned.

Ian Potter said dairy farmers were on the brink of a winter of discontent, given the current pricing situation allied with rising feed costs.

He called on one of the three main processors - Müller-Wiseman, Dairy Crest or Arla Foods - to break rank and relieve the anxiety of dairy farmers by announcing further prices increases.


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Dairy Crest - Interim Results Reflect Difficult Trading Environment

LONDON, November 8, 2012 /PRNewswire via COMTEX/

-- In a video interview today, Dairy Crest CEO Mark Allen acknowledged that the reduction of profits in the Dairy division were responsible for lower underlying normalised profit numbers.

After a busy first half, Allen says the business is now on target to reach a 3% return on sales.

Finance Director, Alastair Murray added: "This year we will have taken about £23m out of the business to get a more efficient supply chain and we're going to continue to have targets like that in future years."

The interview and transcript are available now on


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9th november

market report...

..Staying on the food theme, the mid-cap index milk and cheese maker Dairy Crest said its food sales – such as Cathedral City cheddar – are strong but its milk business is still causing pain. Its half-year, pre-tax profits fell 16 per cent to £19.1m. But scribes at Investec kept their buy rating on the stock and a share price target of 377p. Investec's Nicola Mallard said: "The second half should be better as the dairy business moves from loss back to profit." The shares delivered a 4.2p fall to 351.4p.

[skinny] 08/11/2012 07:28

Half year ended 30 September



· Much improved financial position following successful disposal of St Hubert

- St Hubert sold for €430 million, generating a post-tax profit on sale of £47.7 million
- Balance sheet transformed. Net debt: EBITDA ratio 0.7x (2011: 2.4x)
- Well placed to make targeted, value-enhancing acquisitions in the UK

· Strong performance from key brands and new products

- UK Spreads and Cheese sales jointly up 3%
- Four key brands together recorded double digit volume and value growth
- New products, Chedds and FRijj the Incredible, now firmly established
- Further innovation planned for second half
- Increased A&P investment to maintain momentum - all four brands on television in the period

· Accelerated efficiency cost savings

- Ongoing costs discipline throughout business
- Annual cost savings ahead of £20 million target

· Dairies profits lower in continuing difficult trading environment

- Sales down 11% in line with strategy to reduce exposure to this sector
- Milk price support for supplying farmers in challenging times
- On track with clear plan to restore 3% return on sales in the medium term

[zcaprd7] 06/11/2012 13:32

Looking for £4 here if that bounce is confirmed...

[philanderer] 02/11/2012 13:30

Interims due next thursday.

[philanderer] 31/10/2012 13:37

31st october Panmure buy tp 385p

reiterates

[philanderer] 27/10/2012 19:11

Daily Telegraph Interview with Mark Allen, DC CEO

link now on the DCG website...

[philanderer] 24/10/2012 16:48

Strongest move for a while on good volume of 240k traded

[philanderer] 17/10/2012 18:51

Plenty of spread offers around today..

Sainsbury had Clover 500gm @ 100p (half-price) , Tesco 2 x 500gm Utterly @ 180p.

Flora also on offer at both. Big push on Cathedral City at Sainsbury as well.

[philanderer] 17/10/2012 16:46

UT: 351.9p

[philanderer] 17/10/2012 16:00

Cathedral City celebrates £250m brand value

17th october

Dairy Crest announces this month that Cathedral City has reached £250m in value, a first for any brand in the Pre Pack Cheese category.
Cathedral City's value is now more than four times greater than its closest competitor. Delivering on value and volume sales growth year on year, the brand is enjoying 20.9% value growth and a 15.7% volume growth on a 52 week MAT basis.

[zcaprd7] 16/10/2012 15:59

"Dairy Crest needs to beef up beyond milk, and it has the cash to do so. It banked £347m from the sale of its European spreads business, St Hubert, this summer. Word around the cheese tray is that it has drawn up a list of targets. What is clear is that Dairy Crest is fast approaching its sink or swim moment."

My vote is for sink - special dividend and then put up the for sale sign please!

[philanderer] 16/10/2012 11:24

from last week..

Dairy Crest admits Clover Seedburst delayed by 'packaging issue'

[philanderer] 15/10/2012 23:04

Good piece in tomorrow`s Telegraph featuring Dairy Crest and CEO Mark Allen...

"All parts of the dairy industry must pull together more for success"

[philanderer] 11/10/2012 13:06

Here`s a strange one ...

Goldmans retains 'sell' but increases target from 320p to 364p !!

[philanderer] 11/10/2012 12:11

Dairy Crest wins award for delivery in health and safety

11 Oct 2012

[philanderer] 07/10/2012 12:42

October Newsletter..

[philanderer] 04/10/2012 16:11

Dairy Crest kicks off Milk & More pitch

Thursday, 04 October 2012

Dairy Crest is looking for an agency to handle advertising for its Milk & More delivery service brand.

The dairy company has issued an RFI to agencies ahead of a pitch for the business. The review comes as the online service, which delivers groceries including milk, bread and eggs, looks to expand its delivery area.