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Real-Time news about Merrydown (London Stock Exchange): 0 recent articles
|gateside: 10 November 2004
For immediate release
Merrydown plc ('Merrydown' or 'the Company')
Further to the recent share price movement, the Board of Merrydown confirms that
it is currently in discussions which may or may not lead to an offer for the
Company. These discussions are at an early stage and there is no certainty that
a formal offer will result.
Shareholders are recommended to take no action at this stage. A further
announcement will be made in due course.
The Board of Merrydown is being advised by PricewaterhouseCoopers LLP.|
|ncs: They tried introducing a 275ml bottle a few years ago - never saw it in the supermarkets!! If you were that into the product you may be able to spell it correctly barnetpeter.
I agree this is a hot product and the company has a strong Board. The company Divisionalised into Shloer and Cider a few years ago - I wonder why? However don't forget that Merrydown doesn't just consist of Shloer.
Being a small investor I couldn't resist selling at 74p. I built up my shareholding over a number of years paying between 21p and 37.5p. Nice little profit for me. However if the share price falls I will back in the market to buy more - if an offer ever materialises for Shloer I don't think the company will think twice to sell up.|
|barnetpeter: There is absolutely no interest in this stock on ADVFN ... yet I am so SURE it is a winner. So this message is for those who look for Merrydown in 2004, when the results are yet again above market expectations.
Why are I so sure? Here goes:
It has a big winner in Schloer, which is bringing in bucketloads of cash.
Have a look at the product next time you are in Tesco etc.
Summer looks like a hot one.
Cider is on the up; S and NEW have just bought out Strongbow and are looking to do a massive push which they say should grow the entire cider market.
Every chance of a take-over at a high premium.
Strong chart fundamentals.
Comments from CEO:
"I am delighted to report that earnings per share more than doubled in the year
to 31 March 2003. This has enabled the Board to propose a 24% increase in the
dividend. The balance sheet is very strong and the value of the business is
steadily growing. We look forward to these fundamentals being reflected in the
It will be, in time.
So there you are, dear reader, this was my nap of the year for 2003. I appreciate the price has more than doubled to £1.75 since I wrote this but with Schloer now available in cans here in 2004, about £3 per share is a very realistic prospect.|
|hectorp: ten buys no sells, but low interest so far.
What happens with merrydown, is it always geta a lot of tabloid and weekend press coverage after results, and this time it could get 'tips' to buy . That could help a bit. But I see the recent rise in the share price is strong and in fact it looks overbought so be careful. The smart money may move out, there again, I like the defensive aspect of this company especially with the summer coming. ( cider , sun etc)
I'm not buying this morning... I always wait for the T tenners to sell, many will as a matter of strategy.
|initrader: Merrydown Pulls Itself Up.
just three years ago things were looking pretty dire for cider manufacturer Merrydown as it teetered on the brink of bancrupcy says investor chronicle but it has now rebuilt itself a real growth story . The damage to the company was caused when Merrydown made an overzealous foray into the alcopops market with its two dogs brand sending debt spiralling to 11bn and ending with new management and a 7m fundraising effort . Since that nearmiss Merrydown has once again branched out from the core cider business to accuire flavoured non alcoholic drinks maker Shloer brand aimed at adults commands around 4% of the 215m market and is growing at 9% per year. Last year Shloer sales were up 57% to 9.5m and the brand now accounts for just over 60% group turnover - although with marketing spend to be doubled to 5m this year that proportion should soon rise further. The cider market remains competitive but Merrydown has managed to hang on to its market share in a difficult market with stratigic promotional price discounts. Overall the company looks cheap relative to peirs : note note that with Shloer valued in the books at 7m and the company holding cash of 3.8m the current share price effectively values Merrydown brand at nothing . Given that the brand is argueably better than many of those in the Britvic stable ( just bought by Orchid for a rumoured 20m) this seems unfair . House briker Teather & Greenwood expects to see earnings per share of 4p this year riseing to 6.5p next.
The shares are nt noticed as much as they should be and make a good short to medium play . BUY.
Merrydown share price data is direct from the London Stock Exchange