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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bakkavor Group Plc | LSE:BAKK | London | Ordinary Share | GB00BF8J3Z99 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.00 | -0.77% | 129.00 | 3,014 | 10:59:46 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 128.00 | 129.50 | 129.00 | 127.00 | 127.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Food Preparations, Nec | 2.2B | 53.9M | 0.0938 | 13.75 | 747.32M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:03:51 | O | 1,184 | 128.33 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/10/2024 | 13:13 | ALNC |  DIRECTOR DEALINGS: Likewise director sells GBP1.4 million in shares |
| 28/10/2024 | 15:01 | UK RNS | Bakkavor Group PLC Director/PDMR Shareholding |
| 21/10/2024 | 15:52 | UK RNS | Bakkavor Group PLC Director/PDMR Shareholding |
| 10/9/2024 | 13:30 | UK RNS | Bakkavor Group PLC Director/PDMR Shareholding |
| 05/9/2024 | 08:44 | ALNC | Bakkavor raises profit and dividend, CFO prepares to depart |
| 05/9/2024 | 06:00 | UK RNS | Bakkavor Group PLC Directorate Change |
| 05/9/2024 | 06:00 | UK RNS | Bakkavor Group PLC Half-year Report |
| 27/8/2024 | 15:01 | UK RNS | Bakkavor Group PLC Holding(s) in Company |
| 02/8/2024 | 11:01 | UK RNS | Bakkavor Group PLC Director/PDMR Shareholding |
| 23/5/2024 | 14:44 | UK RNS | Bakkavor Group PLC Result of AGM |
Bakkavor (BAKK) Share Charts1 Year Bakkavor Chart |
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1 Month Bakkavor Chart |
Intraday Bakkavor Chart |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:03:53 | 128.33 | 1,184 | 1,519.43 | O |
| 10:48:04 | 129.50 | 3 | 3.89 | O |
| 10:48:04 | 129.50 | 13 | 16.84 | O |
| 10:23:00 | 129.00 | 74 | 95.46 | O |
| 10:04:34 | 129.00 | 236 | 304.44 | AT |
| Top Posts |
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Posted at 21/11/2024 08:20 by Bakkavor Daily Update Bakkavor Group Plc is listed in the Food Preparations, Nec sector of the London Stock Exchange with ticker BAKK. The last closing price for Bakkavor was 130p.Bakkavor currently has 574,858,512 shares in issue. The market capitalisation of Bakkavor is £741,567,480. Bakkavor has a price to earnings ratio (PE ratio) of 13.75. This morning BAKK shares opened at 127p |
Posted at 27/1/2024 18:07 by johnsoho In my view a very positive trading update.Bakkavor Group PLC 18 January 2024 Full year 2023 trading update 2023 profits, net debt and leverage ahead of market expectations with encouraging outlook for 2024 Bakkavor Group plc ("Bakkavor" or the "Group"), the leading international provider of fresh prepared food ("FPF"), today updates on trading for the 52 weeks to 30 December 2023 ("FY23"), ahead of the publication of its full year results on 5 March 2024. Like-for-like Reported (1) ('LFL') GBP million revenue Growth revenue LFL growth ------------ -------- ------- ------------- ---------- Group 2,203.8 3.0% 2,214.2 5.3% UK 1,852.7 3.9% 1,852.7 5.7% US 229.4 (10.1%) 230.6 (8.4%) China 121.7 20.7% 130.9 32.0% ------------ -------- ------- ------------- ---------- 2023 profits, net debt and leverage all expected to be ahead of market expectations -- LFL revenue up 5.3% driven by price, as well as volume recovery in China -- UK: Continued to win market share, driven by strong service, targeted innovation and net business gains -- US: As previously guided, focus shifted from revenue growth to profit, with a return to profitability in H2 after a break-even H1 -- China: Seamlessly built back volumes and continued to diversify into the retail channel, importantly the business is now cash generative and self-sustaining -- Our Group-wide plan to protect profitability, which we enacted in November 2022, has delivered synergies and efficiencies ahead of our expectations -- The Group anticipates FY23 Group adjusted operating profit to be at least in line with the upper end of the range of market expectations(2) -- Our focus on working capital improvement, combined with a targeted approach to capital expenditure, delivered a further reduction in operational net debt in the second half, with the full year outturn significantly ahead of market expectations(3) , at c. GBP230m. As a result, leverage is also ahead of expectations Encouraging outlook for 2024 -- Momentum is building in all three regions, with refreshed priorities providing clear direction to our local teams, which will underpin delivery in 2024 -- 2024 revenue to be slightly ahead of 2023, as we expect volumes to remain subdued given the continued challenging consumer environment in the UK and the reshaping of our US business -- Despite this, we are confident 2024 will be another year of increased profitability as we continue to effectively mitigate inflation and drive internal improvements -- We will continue our focus on leverage reduction, despite increasing capital investment, through sustaining working capital improvements and increasing profitability Development in the Group's ownership structure -- As announced on 15 January 2024, Baupost, who previously held a significant shareholding (20.1%) in the Group, have now sold this entire stake to LongRange Capital -- Bob Berlin, who leads LongRange, will join the Board as Patrick Cook (Baupost's representative) steps down -- Bob previously held a position on our Board, between January 2016 and July 2018. He has a wide range of experience holding a number of strategic roles in the consumer goods, food, technology and financial sectors Mike Edwards, CEO, commented: "2023 required us to develop a decisive and dynamic plan to successfully manage another year of external challenges. We executed this plan at pace and as a result we expect to deliver improved profitability and reduced leverage for the full year. As we enter 2024, momentum is building in all three regions, which gives us confidence to deliver further financial improvements in the year ahead. This is clearly important as unprecedented levels of inflation have impacted profit margins over the last two years. I would like to take this opportunity to thank everyone at Bakkavor for their continued commitment and energy during a year of significant change, which saw the Group exceed expectations and set a clear path for delivery in 2024. Finally, I would like to extend a warm welcome to Bob Berlin, who rejoins our Board representing LongRange capital. He has a deep understanding of our business as well as our markets and his experience will be invaluable as we continue to build positive momentum and deliver our strategic ambition." 1. LFL revenue adjusts reported revenue to exclude the additional 53(rd) trading week in FY22 and adjusts for the effect of foreign currency movements. 2. Based on company compiled consensus ("Consensus") which includes; Citi, Goodbody, HSBC, Investec, Kepler, Numis and Peel Hunt. Adjusted operating profit Consensus for 2023 of GBP90.2m, with a range of GBP89.7m to GBP91.1m. 3. Based on company compiled consensus ("Consensus") which includes; Citi, Goodbody, HSBC, Investec, Kepler, Numis and Peel Hunt. Operational net debt Consensus for 2023 of GBP273.6m, with a range of GBP256.4m to GBP298.2m. |
Posted at 16/3/2022 18:26 by tole https://www.fool.co. |
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 04/9/2020 06:57 by lammylover Frustratingly bought in here recently around 60p believing that "the only way would be up" on the share price, now that the country is back up and running again. Share price driven down 10% in an hour yesterday says to me (apart from manipulation!):a) Rights issue at lower price on Tuesday to prop up balance sheet? b) Big write downs - probable and totally foreseeable with Spalding and other factories to close and mass redundancies etc. c) Results are even worse than at height of CV19 hysteria period in April. I suspect its going to be option a)but time will tell. Regardless, eating isn't going out of fashion anytime soon, so I will hold for long term recovery to 100p+ Just my thoughts for what they are worth Rich |
Posted at 10/4/2020 19:43 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......especiall I still think BAKK will bounce strongly at some point. |
Posted at 06/4/2020 17:49 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 13/5/2019 10:09 by plumbertrade Would be good to see it rise back to around its December price (146) |
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 |
Posted at 16/11/2017 07:33 by jswift10 This could be a very interesting share to follow but not chase the price too high today. Any views on how to trade this share? |
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