Barr (a.g.) Share Discussion Threads

[philanderer] 24/9/2020 10:13

Liberum backs ‘resilientR17; AG Barr

Iru Bru-maker AG Barr (BAG) has delivered improved top line performance and remains resilient, with Liberum predicting a return of its dividend.

Analyst Wayne Brown retained his ‘buy’ recommendation and target price of 625p on the stock after a ‘resilientR17; first half led to ‘material forecast upgrades’ with profit before tax for the current tax year predicted to be £30.7m against a previous estimate of £19m. The shares rose 1.2% to 435p yesterday.

‘This is not only due to a much better top-line performance than we were forecasting but right cost control and better gross margins,’ he said.

‘The group remains highly cash generative.’

Brown said it remained a ‘high quality company with highly resilient cashflows’ and the ‘likely return of the dividend in 2021/22 should be seen as signs of the defensiveness of the business’.


citywire.co.uk

[philanderer] 22/9/2020 10:02

Yes they must have been. Helping the portfolio out this morning.

[alba_gu_brath] 22/9/2020 08:50

Good start today - anyone seen the interim results, assuming they are better than forecast?

[makinbuks] 17/9/2020 15:28

Trading will bounce back ant some point but it may be next spring before there's any clarity. FY21 may become the new year on which to base growth from and these could be a very nice quality 5 year hold from there. Picking the bottom as always is hazardous

[philanderer] 17/9/2020 00:08

Results preview:

A host of retail and consumer goods giants are due to post results in the week ahead.

On Tuesday it’s the turn of Irn Bru-maker AG Barr (BAG). Whether the fizz has gone flat at the drinks maker since lockdown remains to be seen. But it looks that way. Back in July the company estimated that revenue would be down by between 12% and 15% for the year, as long as we don’t see another nationwide lockdown.

On a more positive note though, a fall in half-yearly sales was accompanied by news of a slow recovery in hospitality and 'on the go' consumption segments as lockdown measures had eased.

For the 26 weeks to 25 July 2020, revenue was expected to be down 8% to £113 million year-on-year, with the complete closure of the hospitality sector and a material reduction in the 'out of home' consumption of soft drinks weighing heavily on performance. But as lockdown measures had recently started to ease, the company said it was seeing sales in the hospitality and 'on the go' consumption segments beginning to recover, albeit slowly.

There have been no broker updates since Spring, when Liberum Capital upgraded its investment rating to buy from hold and raised its price target from 580p to 625p, Berenberg reiterated its hold rating but cut its price target to 450p, from 550p, and HSBC repeated its reduce rating and cut its price target from 520p to 430p. Barr’s shares are currently trading around 375p.

[philanderer] 16/9/2020 14:24

Irn Bru back on offer today at Sainsbury's .. £1.25p / 2litres

[deadly nightshade] 11/9/2020 20:57

funny that my local shop says rubicon is a great seller and iron bru always seems to be being bought when i am out and about

[philanderer] 11/9/2020 17:50

Blimey I wish I could pick up a bottle of Irn Bru for 20p. My local Sainsbury usually sells the 2L bottle for 180p, recently had an offer for 125p but is back to 180p again.... Iceland always has it for sale at 125p .... probably where the share price will end up the way it's going ;-)

[theuninvitedguest] 11/9/2020 10:04

Bring back original recipe Irn Bru even with increased price of sugar tax, would see big sales in Scotland anyway

[hancockm] 11/9/2020 09:36

Living in Scotland I have notices a continuous drop in sales since the sugar tax was introduced. Customers have reached badly to the introduction of artificial sweeteners to Irn BRU and other soft drinks in the Barrs Range. A national boycott has lead to a drastic drop in sales with products being heavily discounted I'm supermarkets and failed product introductions like Irn Bru Crimbo Juice and Ka Energy Dinks being sold well below retail prices. Their Rubicon Street drinks were a major disaster and ended up in bargain stores being sold off for 10p per can. Sainsbury's were recently selling 2 litre bottles of Barrs Irn Bru for 20p to try and clear their surplus stock. The loss of Rockstar is another major blow as it was one of their most popular products. Unless Barry's have a major rethink they face a similar backlash to that of New Coke which cost Coca Cola dearly.

[philanderer] 04/9/2020 10:09

Interims on 22nd september should reveal all.

[b dazzler] 03/9/2020 20:02

MF tipped back at the end of June:

While this might be a case of encouraging investors to “water the weeds” in their portfolios, I’d argue Barr’s exceptional long-term track record – its total return to shareholders over the last two decades is over 2,000% – means that it possesses qualities and resilience that should bolster investors’ portfolios, rather than detract from them. In my view, the company’s recent issues should be temporary and fixable, and I expect it to create shareholder value from current levels.

Opposite of the midas touch so far ...

[philanderer] 03/9/2020 19:16

Nope, can't find any detail , low sales I suppose ?


Ah, booted out of the FTSE250 as well, didn't realise that....


Shares of AG Barr Plc (LON: BAG) today fell 8.3% after the company’s price target was cut to 310p from 380p by Barclays Capital and its investment rating lowered to ‘Underweight.’

The rating downgrade by Barclays came shortly after the FTSE Russell, which maintains both the FTSE 100 and 250 indices announced that AG Barr Plc would be demoted from the FTSE 250 index later this month as part of its quarterly review.

The soft drinks manufacturer can’t seem to catch a break today and its no wonder that its shares fell to multi-year lows last seen in June 2012 following the two announcements.

[campie27] 03/9/2020 11:18

Anyone know what the Barclays argument is?

[philanderer] 03/9/2020 10:13

Morning EI, looks like this has done the damage this morning..


BARCLAYS CUTS AG BARR PRICE TARGET TO 310 (380) PENCE - 'UNDERWEIGHT'

[essentialinvestor] 03/9/2020 09:45

You don't see too many Nick Train holdings with a chart like that in the header,

aware LT are very significantly ahead having held for the duration.

[philanderer] 03/9/2020 09:41

Big seller in the background or someone knows something.

[philanderer] 02/9/2020 17:18

Short position:

1 Sep 2020

Barr (A.G.) (BAG)

BennBridge Ltd 0.71%

Change +0.09%

[philanderer] 25/8/2020 20:53

Added a few today.

[philanderer] 19/8/2020 17:45

'Five good and five bad' results as coronavirus takes 'full effect' at Lindsell Train IT


Beverage sellers constituted the majority of Lindsell's "five bad results", with Diageo, Heineken and AG Barr all struggling due to their dependence on restaurants, bars, pubs and cafes. A rise in home consumption, with its lower margin, was not enough to offset the fall in demand, and Heineken, which suffered the worst fall in profits, along with AG Barr passed on their interim dividends.

[philanderer] 29/7/2020 13:36

Liberum: AG Barr shows defensive streak

The defensive properties of Irn-Bru maker AG Barr (BAG) are ‘on display’ after first half results came in better than expected, says Liberum.

Analyst Wayne Brown reiterated his ‘buy’ recommendation and target price of 625p on the stock after revenues declined 8% to £113m in the first half of the year, a 19% beat on his estimates of £94.6m as ‘the decline was roughly half as bad as we anticipated’.

Brown said: ‘As sales, profits, and cash management all look better, the interims in September may well see an earlier return to dividend payments provided there are no further exogenous shocks.’

[philanderer] 28/7/2020 10:57

Covid - going nowhere fast as with many companies.