Greencore Share Discussion Threads

[broadwood] 31/1/2017 16:38

Held the gain.

[bigboots] 31/1/2017 13:50

How undervalued are these, should see 2.70 ex rights short term

[richtea1701] 31/1/2017 12:51

The analysts were pretty happy with the Q & A. CEO and CFO were on top of their game.

[broadwood] 31/1/2017 12:46

Ticking up nicely now.

[broadwood] 31/1/2017 09:55

Rich - thanks. Missed that.

[richtea1701] 31/1/2017 09:49

Conference call was v confident

[tigers1075] 09/1/2017 14:53

Was away Christmas.Why did we get offered shares at 1.53 ?

[typo56] 31/12/2016 17:31

I see the rump got placed at 238p per share, so anyone who didn't take up the rights will receive 85p per GNCN rights share, less expenses.

[typo56] 12/12/2016 14:58

I'm not sure the share price going up counteracts the premise, because of course GNCN will track GNC (so if you take up the rights you'll be giving up more value you could have received for the nil paids).

[bigboots] 12/12/2016 12:27

Nice volume day. bottom in place back to £2.60 ex rights

[richtea1701] 10/12/2016 06:56

Yep - get that.Hopefully price goes up strongly to counteract that premise.

[typo56] 09/12/2016 09:42

Richtea1701, I understand taking up the rights if you think the deal is transformational. I'm just pointing out that existing holders don't really get a preferential price over anyone buying today at, say, 223p. The total cost of taking up rights to existing holders is also 223p being:-

Loss of payment for nil paid rights - approx 70p per rights share
Cost of taking up rights - 153p

[bigboots] 09/12/2016 09:14

It is. the only problem when you look at the US market is that no one has made it it - we saw M&S and Tesco get severly burnt, can Greencore make it, time will tell

[richtea1701] 09/12/2016 09:02

No brainier for me. Depends on whether you think the deal is transformational or not...

[typo56] 09/12/2016 08:28

I don't think it's a big deal taking up the rights. If you don't take them up you'll receive payment for your 9 for 13 nil paid rights shares (currently trading at about 70p). If you do take them up you're not really getting a better deal than anyone else in the market, apart perhaps from saving some dealing costs. Rights issues are a bit of a con trick IMO.

[maramara] 08/12/2016 17:04

Phew that's a relief, thanks typo,for going to the trouble of replying. I really ought to know about all this kind of thing!

[typo56] 08/12/2016 14:36

Hmm, a somewhat odd comment given it's effectively only about 15% off its all time high back in April. It is ex-rights you know!

[tigers1075] 08/12/2016 14:08

Wow Greencore has had it's day by the looks of it

[typo56] 08/12/2016 11:47

I wouldn't expect anything from brokers until today at the earliest. They've only gone ex-entitlement today.

[harry the haddock] 08/12/2016 10:45

still had nothing from AJ Bell. think i shall be on the phone to them later

[typo56] 08/12/2016 09:53

Ex-rights. 9 for 13 @ 153p.

Nil-paid rights are trading as GNCN.

So effectively 'only' down about 1.75% from close yesterday.

[maramara] 08/12/2016 09:14

why did the share price drop by 19% today?

[richtea1701] 02/12/2016 06:54

Broker says info sent after December 5 and have until 19th (I think)

[harry the haddock] 01/12/2016 16:44

thanks richtea - shouldn't there be an application form somewhere? i couldn't see it in my messages from gnc and phoned aj bell who said we should get something after the meeting on 30.11.
Can anyone enlighten me please?