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BAKK Bakkavor Group Plc

118.00
0.00 (0.00%)
Last Updated: 08:07:42
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Bakkavor Group Plc BAKK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 118.00 08:07:42
Open Price Low Price High Price Close Price Previous Close
118.00 118.00 118.00 118.00
more quote information »
Industry Sector
FOOD PRODUCERS

Bakkavor BAKK Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
05/03/2024FinalGBP0.043725/04/202426/04/202429/05/2024
06/09/2023InterimGBP0.029114/09/202315/09/202313/10/2023
08/03/2023FinalGBP0.041627/04/202328/04/202305/06/2023
07/09/2022InterimGBP0.027715/09/202216/09/202214/10/2022
08/03/2022FinalGBP0.039628/04/202229/04/202230/05/2022
08/09/2021InterimGBP0.026416/09/202117/09/202115/10/2021
20/04/2021FinalGBP0.0429/04/202130/04/202125/05/2021
10/09/2019InterimGBP0.0219/09/201920/09/201911/10/2019
28/02/2019FinalGBP0.0402/05/201903/05/201929/05/2019

Top Dividend Posts

Top Posts
Posted at 08/1/2024 22:33 by justiceforthemany
Disagree.
P/E just 8, Dividend also around 8%.
Inflation falling, margins should be rising.
Posted at 16/3/2022 18:26 by tole
https://www.fool.co.uk/2022/03/16/6-dividend-yields-2-cheap-uk-shares-to-buy-for-a-winning-portfolio/Good enough to eatThe ready-made food industry was growing rapidly prior to the pandemic, a reflection of the increasingly-busy lifestyles people lead. Now that we are all now getting out and about again in large numbers the sector is tipped for more scintillating growth too. It's why I'm thinking of buying Bakkavor Group (LSE: BAKK) shares for my portfolio today.Bakkavor makes freshly-prepared foods like salads, pizzas and desserts which it sells to major supermarkets such as Tesco, Sainsbury's and fast-growing discounter Lidl. The business sources around 90% of revenues from the UK, though it also has a growing presence in the US and China. This geographical diversification gives it added stability as well as exposure to exciting growth markets.It's important to note that Bakkavor counts on a limited number of customers across its markets to drive revenues. The retailers which sell its goods might be major players in the grocery and hospitality industries. However, a loss of one or more of these key contracts could have a catastrophic impact upon profits.That said, I believe this risk is baked into this 'nearly' penny stock's low valuation. At current prices of 106p per share, the foodie trades on a forward price-to-earnings (P/E) ratio of 9.5 times. This is inside the widely-regarded bargain benchmark of 10 times and below.I also like Bakkavor because of its market-beating 6.5% dividend yield for 2022. In terms of value, I think this UK share is quite hard to beat.
Posted at 26/11/2021 17:06 by km18
From WealthOracleAM a couple of months ago...

Bakkavor is a leading provider of Fresh Prepared Food in UK and with exposure also on the US and Chinese markets. The company operates across 45 locations through more than 19,000 employees. They are supplying all of the major UK grocery retailers and numerous well-known international food brands. Continuous innovation in recipes and long-standing customer relations are at the heart of their strategy. Over the past 6 years they have made some acquisitions, which leads to a more blended approach towards growth. Goodwill should be observed closely as it represents a substantial part of total assets at nearly 45%.
Posted at 20/4/2021 08:51 by knowing
Nice positive update and payment of the suspended divi.
Posted at 10/4/2020 20:43 by threadworm
Interesting, 1224saj!!

No shaky, 'secret' film ever looks good.

However....lets take the heat out of it and look at the facts:

He clearly stated several things that aren't especially a problem, in my view:

1) He reiterates and urges that if anyone is unwell, or if anyone in the family is unwell, to stay at home and to fully recover. That's a good thing and is responsible management.

2) He strongly urges anyone who IS in good health to TURN UP and get to work! That's also not a bad thing. They are after all supplying an essential: food!....not something that is expendable and unnecessary.

3) He tells everyone that IF (IF), going forwards, he is in the, quote "unfortunate" position to lay anyone off, he will naturally be inclined to choose those workers who WERE in good health but failed to show up. Again that seems fair enough to me. If cuts were being made to the workforce and I had a history of not showing up when I knew I could, I'd expect to be released ahead of those who did show up.

4) He reiterated the need for everyone to wear face masks and gloves at all times and tells the workforce where they can be found on site. That's responsible, in my view.

If we take the opposite to the above, it would read like this:

'If you're unwell with covid, I don't care, turn up to work anyway. If I have to make cuts, I'll fire the healthy workers who have historically given me the best service. Oh, and don't bother wearing any face masks and gloves'.

Anyway, from what I understand, Bakkavor are not planning on laying anyone off from this plant. The only thing that was off, was his tone.

From an investment point of view, this news report may have actually highlighted an oversold company to further investors. And if sentiment is hit in the near term there will surely be a cracking buying opportunity on top of the collapse in share price that we've already seen.

As I said.....this company is a supplier of good quality food, with a >£1B turnover supplying an essential service at a time of great need.

Needless to say, I would be more concerned if they were supplying cotton floral bonnets for Easter.

Reading between the lines, we can at least deduce one very encouraging thing: the company is clearly doing business with sizeable orders to fill......which is a hell of a lot more than can be said for just about every other business in the land at present; food and drink are just about the only sectors trading. Management would not be urging his workforce to show up if there was nothing to do.

The fall here is pretty crazy......especially when contrasted with the share price rallies at the likes of say, CINE - a company entirely shut down and effectively not trading for the foreseeable future (along with all the losses that company will have to RNS going forwards).

I still think BAKK will bounce strongly at some point.
Posted at 06/4/2020 18:49 by threadworm
Some support beginning to arrive 'back at BAKK' today.

Of course, like most companies there will be a hit here, but in the fullness of time perhaps it will not be half as bad as the market currently suggests.

This is a market leading company, with 80% of its business in the UK and supplying blue chip retailers like M&S, Waitrose, Sainsbury's, Tescos and the like. We know recently that the supermarkets were outperforming to the tune that has barely been seen before, with over a billion spent on food in a short space of time.

Purely from my own observations whilst shopping, the supermarkets are busy, the trolleys are full and freshly prepared produce does continues to sell. After all, in times of crisis people buy not only tinned foods and packets of rice......but they also buy for comfort and to boost morale.

Further, I would imagine the Chinese market is now beginning to 'stabilise', with the, quote "volatility" beginning to plateau.

At the end of the day they are providing an essential service and something that is actually needed....or should I say 'kneaded'. Boom boom. I also try to see it from the supermarkets perspective: I don't think for a moment that Waitrose and M&S are prepared to sit back and happily limit their customers choices only to the tinned and dried. People still want some convenience and crucially 'range' when they go shopping....that is, after all, why we saw such a scramble to buy: so people could get all that they wanted.

Have added to the monitor and it will be interesting to watch this one play-out.

I would think even a marginally lukewarm news / update here will be heavily supported as so far the market has been served only a bucket of iced water.

We'll see. NAI, ADYOR etc.
Posted at 02/2/2020 14:33 by kendonagasaki
Good write up in the Sunday Mail today ref BAKK.
Posted at 08/2/2018 12:33 by martywidget
{Recent broker coverage since IPO}:

New Corporate Client – Bakkavor Group
Peel Hunt has been appointed as joint Corporate Broker to Bakkavor Group plc, effective from 19th January, 2018.


18th January 2018:
Citigroup Global Markets Limited and Peel Hunt LLP as joint corporate brokers with immediate effect.


11 January 2018 | 12:20pm
StockMarketWire.com - Peel Hunt today initiates coverage of Bakkavor Group Plc Ord 2p [LON:BAKK] with a buy investment rating and price target of 260p.


8 January 2018 | 13:40pm StockMarketWire.com - Kepler Cheuvreux today initiates coverage of Bakkavor Group Plc Ord 2p [LON:BAKK] with a hold investment rating and price target of 200p.


21 December 2017 | 09:00am
StockMarketWire.com - Citigroup today initiates coverage of Bakkavor Group Plc Ord 2p [LON:BAKK] with a neutral investment rating and price target of 210p.


21 December 2017 | 08:30am
StockMarketWire.com - Barclays Capital today initiates coverage of Bakkavor Group Plc Ord 2p [LON:BAKK] with a overweight investment rating and price target of 212p.


News Results for Bakkavor Group



Date Broker Recomm. Price Old Target New Target Notes
01 Feb Barclays Capital Overweight 201.00 - - Retains
26 Jan Peel Hunt Buy 201.00 260.00 260.00 Reiterates
19 Jan Peel Hunt Buy 201.00 260.00 260.00 Reiterates
11 Jan Peel Hunt Buy 201.00 - 260.00 Initiates/Starts
08 Jan Kepler Cheuvreux Hold 201.00 - 200.00 Initiates/Starts



Latest broker views


Date Broker Recomm. Current price Price when issued Old target price New target price Notes
01 Feb 2018 Barclays Capital Overweight 201.00 212.00 - - Retains
26 Jan 2018 Peel Hunt Buy 201.00 201.00 260.00 260.00 Reiterates
19 Jan 2018 Peel Hunt Buy 201.00 197.00 260.00 260.00 Reiterates
11 Jan 2018 Peel Hunt Buy 201.00 192.20 - 260.00 Initiates/Starts
08 Jan 2018 Kepler Cheuvreux Hold 201.00 193.00 - 200.00 Initiates/Starts
21 Dec 2017 Citigroup Neutral 201.00 193.00 - 210.00 Initiates/Starts
21 Dec 2017 Barclays Capital Overweight 201.00 193.00 - 212.00 Initiates/Starts

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