Barr (a.g.) Share Discussion Threads

[philanderer] 29/3/2022 10:02

Fine set of results. Happy to hold.

[topvest] 29/3/2022 09:24

Yes, all fairly positive. Dividend a tad disappointing.

[spectoacc] 29/3/2022 06:37

Results look excellent, will wait to see what I've missed.

[philanderer] 28/3/2022 13:48

Soaring costs could take sparkle off strong Irn-Bru sales


Irn-Bru maker AG Barr will this week reveal sales have bounced back to above pandemic levels, but the focus will be on the impact that soaring costs are currently having on the business.

[philanderer] 25/3/2022 10:41

Results next tuesday.

[spectoacc] 25/2/2022 16:17

Agreed, surely more ahead.

Glad you're keeping your head above water :)

Have a good weekend.

Incidentally, my "buy targets" list hasn't proven a lot of use - better to see what's tanked and decide whether it offers value.

[essentialinvestor] 25/2/2022 14:57

Spec, appreciate the reply and thanks.

WPP my main buy yesterday and near the open today, but what looks interesting now can look expensive quickly if we are entering of a new bear market. Good weekend.


CHG turned out to be my best performer yesterday, thought it was BAG initially,
but a very small position so makes little difference in the scheme of things. Doubt this volatility is over yet.

[spectoacc] 25/2/2022 14:46

@EI - not today, no. Kiev looks likely to fall over the weekend, then it's a case of does the rest of Ukraine fall, what does Putin do, will there be much ongoing resistance.

Sadly looks to be "business as usual" with a +225 FTSE, but I really don't think it should be. The world's changed, Russia will have the controlling wedge in both old and new economy resources, and even if we didn't buy from them, they've China to sell to instead.

Markets seem pleased that we can do nothing about it. I'd rather wait a while and see what happens.

[essentialinvestor] 25/2/2022 14:38

spec, are you buying anything atm?.

Notice topvest bought some Polar yesterday, he made a cracking call on RIV
last year as you are not doubt aware.

[essentialinvestor] 24/2/2022 17:45

My "best" performer today!. I use the word advisedly.

Technically Helical was, but sold that to reinvest elsewhere.

[m_kerr] 24/2/2022 17:42

high return businesses with good brands and pricing power are the best placed to protect their margins in an inflationary environment.

[spectoacc] 24/2/2022 16:32

Agree with all that, but - energy prices up, aluminium (cans) well up, consumer spending going to dive. So caution warranted all round.

Still - am watching for a good point to buy more.

[m_kerr] 24/2/2022 16:12

i can see why an oil company with links to russia could be negatively impacted, or an airline, but not a beverage company with almost all its business conducted in the UK. this is a high return business with pricing power trading at 9 x ebitda (12 x EBIT) with a pile of cash on its balance sheet. even PepsiCo's challenged juice division was sold for at least 11-12 x ebitda, and the purchaser was able to borrow to fund half the acquisition cost. point being a trade buyer could wring out synergies justifying a far higher multiple than 11-12 (britvic said they could get £35m per annum synergies when the merger was proposed a few years ago, so they could justify paying double what the current enterprise value). and private equity could leverage this up and earn a 20% return easily.

[spectoacc] 22/2/2022 18:30

Can't stop buying when the market has a swoon like this, but agree it could all get a lot worse - and that even if it doesn't, there's categorically no resolution with a nutter like Putin, so oil/gas got to stay hugely elevated.

Telling myself I'm only buying back what I sold the past week or two.

[essentialinvestor] 22/2/2022 17:29

spec, some of UK domestic earners sold off late in the day - guessing a squeeze on disposable incomes from now even higher fuel costs (to come) is the rational.

I bought some HDIV recently anticipating some equity volatility, but it too is
getting hit, so that idea has not worked well so far !.

Would doubt the volatility is over as mentioned on the Helical board earlier today.

[essentialinvestor] 22/2/2022 16:20

It's idle speculation on my part!.

[spectoacc] 22/2/2022 16:17

Been out all day, hadn't seen BAG returning to earth. Seems harsh to me, but agree @EI that there's a chance NT is selling. He failed to mention BAG (or PZC) in his 3 recent ramp advertorials, whilst admitting he'd been forced to finally sell (most of) PSON due to redemptions from the non-IT fund.

Seeing HL down 15% makes me wonder if more redemptions, and if BAG (perhaps his biggest loser after PSON?) is next to go. Hope so - would relish the chance to buy lower, they've twice upgraded forecasts recently.

[justiceforthemany] 22/2/2022 16:11

Low volume. Last update was positive and Covid now on the backburner with summer to come.

[essentialinvestor] 22/2/2022 15:08

Is this possibly Nick T selling?.

[philanderer] 22/2/2022 14:28

Barr pumps £6m into Irn-Bru advertising campaign

[makinbuks] 04/2/2022 10:48

Imagine how big this business could be if the core drink were a popular in other countries as it is in Scotland. What is it that holds it back? Instead of buying oatmilk shouldn't they look at creating a completely different brand in another market? Strikes me that the core marketing, though hugely successful and iconic is too parochial for the wider market

[philanderer] 03/2/2022 17:10

Uncrossed (UT) at 538p

[essentialinvestor] 03/2/2022 16:34

Should have added a few more sub £5 as BAG retraced the bulk of the post trading
statement pop. Cautious on wider markets atm, but that's just excuse making for
dithering.

Anyway good to see.

[spectoacc] 03/2/2022 16:26

Def is. Don't know how t*ts like Barclays can come up with broker notes like that. Underweight = Sell, so when it's trading at £5, they say it's worth £5.17, but to sell it.

The next day the market catches up on the 2nd consecutive outperforming t/s and it's £5.45.

[essentialinvestor] 03/2/2022 16:12

Nice and overdue.