Share Name Share Symbol Market Type Share ISIN Share Description
Dairy Crest Group LSE:DCG London Ordinary Share GB0002502812 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 645.00p 644.50p 645.50p 650.00p 640.50p 647.50p 72,321 11:51:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 422.3 45.4 -81.9 - 909.82

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Date Time Title Posts
25/4/201215:52*** Dairy Crest ***-
17/10/200600:19Dairy Crest 31 March 03 - Something stinks86
13/11/200313:00DAIRY CREST - fill yer churns57
28/3/200314:46Dairy Crest - falls on concerns about pressure on Dairy forms -5

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Dairy Crest Daily Update: Dairy Crest Group is listed in the Food Producers sector of the London Stock Exchange with ticker DCG. The last closing price for Dairy Crest was 645p.
Dairy Crest Group has a 4 week average price of 644.93p and a 12 week average price of 649.89p.
The 1 year high share price is 700p while the 1 year low share price is currently 503p.
There are currently 141,056,873 shares in issue and the average daily traded volume is 254,952 shares. The market capitalisation of Dairy Crest Group is £909,816,830.85.
fardistanthills: Sell off resumes, share price curdles again.
grahamg8: Back in on the recent fall. Looking forward to FY results on 22 May and the final dividend being raised. Of course the share price might drop as 'profits ahead of expectations' have already been signalled at the Q3 IMS. But this RNS just produced a tiny blip in the share price. So it does look as if the market is waiting to see the numbers.
goldpiguk: Hi Darias, Will certainly be looking at DCG results closely and good luck. One of the appeals of DCG is its relationship with Waitrose which is rapidly gaining market share. Until now the growth of Waitrose (top end) and the discount supermarkets had held me back from holding any supermarket shares. I have looked at them again and SBRY has a very strong brand, good management, and recovery written all over it. MRW (which is also coming out with a quarterly management statement in the morning) has real growth potential underpinned by a massive freehold property portfolio. It may take a few years to really flow through to the share price but I am very happy to wait! CGT reasons played a part in my decision to take profits here. Goldpig
philanderer: Motley Fool Dairy Crest Group (LSE: DCG) hit a new 52-week high today, of 368.5p, taking the shares up 27% since their low point of 290p in June after the price hit a slump. Looking at the bigger picture, the share price has been pretty flat over the past couple of years, but today's high is around 114% up since the dark days of December 2008. Although there is a fall in earnings per share expected this year, the latest City forecasts for the year to March 2013 suggest a dividend yield of 5.8%, so the shares might be worth considering just for that.
philanderer: 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. =================================================================== 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 ============================================================================== 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.
mazarin: Could this be a reason for recent upturn in share price? Also some encouraging news at the Frome plant.
timbo003: Since Muller declared a 3% stake at the end of Sept..... ......I have been accumulating shares in Dairy Crest. Muller's stake building conveniently coincided with a dip in the Dairy Crest share price, following a (mild) profits warning from rival, Robert Wiseman. Muller will know (far more than I do) what Dairy Crest are really worth, so I'm just following them in, why not!
aleman: Statement Re Share Price Movement Dairy Crest notes the RNS statement issued by Robert Wiseman Dairies PLC this morning. The liquid milk market is currently very competitive. However, our broad customer and product base and clear improvements in our cost base, quality and service make us confident that we can deliver profits this year in line with our expectations and provide a sound base going forward. In accordance with our normal practice we expect to issue our half-year trading update on 30 September 2010.
spob: from Ft Alphaville markets live blog today NH the big news todayNH is milkBE It is indeed. Huge profit warning from Robert Wiseman.BE Blaming competition.NH milk warsNH Asda cutting pricesNH and Tesco followingNH I'm kicking myself because someone pointed this out on MondayNH and I had meant to mention itNH not that I thought it would knock 30% of the share price of Robert WisemanRobert Wiseman Dairies PLC (RWD:LSE): Last: 353.50, down 132 (-27.19%), High: 370.00, Low: 330.10, Volume: 3.90mBE Actually, I did make a couple of light enquiries about this yesterday.NH andBE As, conveniently, Dairy Crest had a big meeting for investors and scribblers.NH they didBE And the feedback was: "nope. Nothing happening here."NH Foston visitNH ActuallyNH there's a note from RBS on thisNH have a lookNH just goes to show that when a management team saysNH that won't affect usNH or the slowdown won't affect usNH because people will always need to drink milkNH it's time to sellNH NH No major surprises came out of the Foston site visit, but 'milk&more' looks to be doing better than expected and there is as yet no profit impact from multiple retail price competition on liquid milk. Prior to the 1H trading update at the end of September, we reiterate our Buy recommendation and 440p TP.NH here's the key bitNH As has been widely reported in the trade press, the UK multiple retailers are currently heavily promoting fresh milk. Dairy Crest management observed that retail prices are a matter for retailers. Thus far, promotion has been most intense at retailers where the company has little or no exposure. If milk remains a promotional battleground for an extended period, this could change, but we believe promotions are so far having a minimal impact on Dairy Crest. Overall, management's body language seems confident prior to the IMS expected at the end of this month. We see the shares, on 8.2x FY11F PE, as cheap given the positive progress the group is making across a range of fronts.BE Oh dear.BE Fast forward to today and RBS, who bear in mind are shop to Dairy Crest, are sending around this.BE Dairy Crest* Wiseman profit warning implications Dairy Crest's shares have fallen 8% today in the wake of Robert Wiseman's profit warning. While we understand the market's caution, we believe this is an overreaction, as we believe trading remains on track and the risk to Dairy Crest's profits is materially lower than is the case for Wiseman. BE Robert Wiseman profit warning Wiseman this morning issued a profit warning, indicating that its FY11 profits are expected to be £7m lower than it had previously anticipated, while its FY12 profits will be £16m lower, equivalent to EPS reductions of 16% and 33% respectively. These have been attributed to the "recent intense competitive pressures across all sectors of the market", a reference to the impact of the aggressive promotional activity being undertaken by some retailers on UK liquid milk. However, we believe the overwhelming cause of this profits shortfall is a reduction in its margins with Tesco, which accounts for 50% of its major multiple volume, as a result of recent renegotiations. It had previously successfully agreed terms with its other two major retail customers, Sainsbury and the Co-op, hence it is reasonable to conclude that Tesco is entirely responsible for this profit warning. BE Readthrough for Dairy Crest We believe Wiseman's problems should not impact Dairy Crest's trading performance. DCG does not supply Tesco with liquid milk. In addition, earlier this year it reached a three-year supply agreement with Sainsbury and negotiated a new contract with the Co-op, in total covering around 45% of the group's major retail milk volume. While the group is not in a position to discuss the specific arrangements it has with its other key customers (Morrison, Waitrose and M&S), we do not believe these carry any material risk to the group's profitability. In addition, Wiseman's profit warning highlights the benefits of DCG's broadly based portfolio, with retail milk accounting for an estimated 21% of operating profit in FY11 vs 100% for Wiseman. Hence we believe any profits shortfall in DCG's retail milk business would have a materially smaller impact on group profits. By way of illustration, a 33% fall in its retail milk profits in FY12F would lead to a 7% fall in DCG EPS. BE Weakness provides a buying opportunity We can understand the market's nervousness here, but believe the forthcoming 1H update should provide considerable reassurance re the group's prospects. A 2011F PE of 7.3x and well-covered yield of 5.9% offers significant medium term upside.NH 24 hours is a long time in milkNH and I don't follow the argumentNH surely Sainsbury will followNH and MarksNH annd the restBE True. The point of a defacto monopoly sector is that they all move together.BE And, usually, the suppliers get crushed.NH just back to Robert Wiseman for a momentNH the back story here is that on MondayNH Tesco matched Asda's promotion on milk which reduced the price of a 4 pint poly from £1.53 to £1.25NH equivalent to a 12ppl reduction in the shelf price, apparentlyNH and that triggered today's warningNH that operating profits this year would fall £7mNH and a lot more next yearNH anywayNH this note from InvestecNH broker to RWD sums it all upNH Robert Wiseman has issued a trading update for the 1H10 period and whilst this states that the 1H performance is in line with expectations, the outlook for the second half is likely to be impacted by the results of recent competitive pressuresNH Volumes across this process have been retained so we still anticipate the group processing something in the region of 1860m litres this year, but intense competition has resulted in lower selling prices and RWD expects this to impact on FY11E profits to the tune of £7m. This would reduce our old forecasts (shown above) from £43m to £36m and EPS to 36p (-16%). This equates to a FY pence per litre margin of 2p. Assuming no improvement in margins, the annualised impact on FY12E is £16m and this would reduce our forecast from £44m to £28m, with EPS of 28p (-36%). The margin on this basis is 1.5ppl which is the lowest we have seen from the group to date and a level at which the group would question the benefits of further sizeable investment projectsNH RWD has previously reported successful conclusions to negotiations with Sainsbury and the Co-op and these have been factored into our forecasts. Hence, we can only conclude that the main issue has arisen post a review conducted by Tesco. On Monday, Tesco matched Asda's promotion on milk which reduced the price of a 4 pint poly from £1.53 to £1.25. This is the equivalent to a 12ppl reduction in the shelf price. Additionally, Tesco is announcing that it will be increasing the price it pays to farmers by 1.28ppl.NH This is clearly very disappointing for shareholders and RWD management alike and for the next 6 months there are no obvious catalysts which could change this. However, we should be aware that there are two retail accounts due to re-tender in the coming year, Asda and Morrison, neither of which RWD deals with presently. If there are any repercussions for pricing on these accounts it will not impact on RWD, but it will of course be looking to see if there are any volume opportunities for them in this process.NH who knewNH milk could be so interestingBE Hm. On a day like this, I guess "interesting" is a relative term.
wendsworth: Aleman :Slight pull back this a.m. If the dividend is sustained at anywhere near current yields then there will be an avalanche of broker upgrades for DCG. Tomorrow's update will be key for where the share price goes over the next couple of months. Whatever I'm in for the divi...likey ex 26/06.
Dairy Crest share price data is direct from the London Stock Exchange
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