Barr (a.g.) Share Discussion Threads

[philanderer] 02/1/2023 00:02

Share tip: Get a taste for AG Barr

[philanderer] 24/12/2022 16:29

Irn Bru Carnival opens today: 20 things you (probably) didn’t know about Scotland’s national drink

[philanderer] 20/12/2022 14:02

That's a big sale 306k @ 516p - maybe delayed reporting from yesterday

[philanderer] 20/12/2022 12:01

(Alliance News) - AG Barr PLC on Tuesday said it acquired a further 38.2% stake in Moma Foods Ltd for a total cash consideration of GBP3.4 million.

The Cumbernauld, Scotland-based drinks maker now has full ownership of the oat milk brand, after acquiring a 61.8% stake from Moma Foods Founder Tom Mercer and the remaining shareholders in December 2021.

[makinbuks] 16/12/2022 17:09

Hence the near 10% rally presumably

[justiceforthemany] 15/12/2022 15:58

PROMOTION!
Tracker funds will need to buy in

[philanderer] 14/12/2022 19:14

Barr (A.G.) will be added to the FTSE 250 Index and deleted from the FTSE SmallCap
Index. ....change effective from 19 December 2022.

[makinbuks] 12/12/2022 16:30

The view of Mark Watson- Mitchel from Mater Investor, not universally liked, but for what its worth:

"AG Barr (LON:GAG) – Latest Cash Acquisition Gives Energy
The announcement on Monday morning that the IRN-BRU maker had acquired the Boost drinks business for an initial £20m consideration, certainly perked up the market’s interest.

The group’s shares rose to 543p at one stage, up 38p in response to the news.

By Monday evening they closed 33p better on the day at 538p.

The instant euphoria on the deal became somewhat dissipated by last night as a little bit of profit-taking reduced some of the steam.

Analysts Darren Shirley and Clive Black at Shore Capital obviously rate the House Stock.

They nudged up their estimates on the group.

For the year to end January 2023 they look for sales to rise from £269m to £307m, helping to lift adjusted pre-tax profits to £42.6m (£41.5m), picking up earnings to 30.4p (29.3p) per share.

For the coming year the brokers go for £385m revenues, £45.1m profits and 32.2p earnings per share.

This £579m group is a ‘class act’ whose shares, at 518p, represent a very appealing medium-term investment.

(Profile 31.07.20 @ 444.5p set a Target Price of 525p*)"

[blackhorse23] 12/12/2022 08:33

Bought CURY , liberum issued BUY signal for CURY

[philanderer] 06/12/2022 15:06

Yes, it's weird.

[makinbuks] 06/12/2022 12:30

How on earth you can issue a BUY recommendation with a target of 525p when the price is already 538p I don't know but let's be thankful for a positive comment

[philanderer] 06/12/2022 11:25

Liberum cheers AG Barr’s energy drink buy


Liberum has upgraded AG Barr (BAG) after the maker of Irn-Bru bought energy drinks brand Boost.

Analyst Wayne Brown upgraded his recommendation from ‘hold’ to ‘buy’ but left the target price unchanged at 525p after AG Barr snapped up Boost for £20m, which he said was ‘well priced at 0.5x sales and 10x profits’.

‘There exists meaningful medium-term margin gains to be had once the business is integrated into AG Barr’s vertically integrated model, and the categories in which Boost sells are well known to the group,’ he said.

‘Boost offers long-term, high growth in categories that complement its current portfolio and can leverage Barr’s distribution strength.’

Brown added that shareholders should cheer the ‘signal of management’s intent to use its very strong balance sheet for M&A’.

‘In this current market there could be multiple opportunities to buy further brands at sensible valuations,’ he said.

Shares in AG Barr rallied 6.5% to close at 538p on Monday.


citywire.com

[makinbuks] 05/12/2022 11:12

That really does look a good deal for £20m plus potential £12m earnout.

"For the year ended 31 December 2021, Boost’s statutory revenue and profit before tax were £42.1 million and £1.9 million respectively."

hxxps://www.msn.com/en-us/money/companies/irn-bru-owner-buys-boost-energy-drinks-brand-for-20-million/ar-AA14UL30

[philanderer] 05/12/2022 09:36

Maybe the market likes this deal .

[philanderer] 25/11/2022 15:14

Barr to rebrand Family range of soft drinks

New packaging will be accompanied by PoS and display units for retailers and wholesalers

[philanderer] 24/11/2022 14:25

IRN-BRU Carnival seeking ambassadors

[makinbuks] 23/11/2022 15:18

Surprising decision. They want to concentrate on PE and $ denominated stocks

[philanderer] 23/11/2022 15:01

And this was the possible overhang..


Caledonia exits AG Barr after 45 years

[philanderer] 18/11/2022 16:42

Nice run up since sub 440p.

[philanderer] 09/11/2022 00:23

Irn-Bru launches football kit for fans watching winter World Cup

[spectoacc] 08/11/2022 16:06

Indeed, but pricing has a limit, and input costs don't.

I'll be back into BAG one day tho.

[m_kerr] 08/11/2022 15:57

there's many things people will readily trade down in - bread, cereal, yoghurt etc. soft drinks and confectionary are among the categories people don't generally don't trade down in. there's very high brand equity, and people have often been buying the same brands for a lifetime.

[m_kerr] 27/10/2022 16:48

in order to extract those synergies, it would require the buyer to have a considerable UK based operation. private equity would be interest at the right price, but they wouldnt get the synergies and would therefore pay less. suntory would be a potential acquirer, i forgot about them, ABF could potentially be one.

you're preaching to the choir, i've been consistently bullish on BARR, the takeover aspect is only one piece of the puzzle. even without that the sums add up at this price.

[wiganpunter] 27/10/2022 11:59

statements like "they are the only possible buyer though " just need a moment of reflection. here's 3 . Suntory have been buying brands like this - la casera ( Spain ) , pulao ( France ), orangina , ribena , oasis . Keurig are a huge rollup machine ( private equity mindset ) bought roses cordial, mr and mrs t mixers etc . CCR ln have a great synergy in this space with stated ambition to grow the brand stable.
why a g Barr is an option is 1. its on half its normal multiple ( 12x ), has £60m cash no debt, state of art infrastructure and very stable brands as well as 3 growth areas . Drinks ultimately are always about brand stability and distribution . having a high free cash flow, net cash and a series of great brands is a rarity. I don't own it for this specifically but if you think any company that does beverages won't run the maths on this in the current market you don't know m&a . Id also add a fourth with someone like Heineken who have bought 2000 pubs and are looking to create a UK ecosystem with the beverage supply chain .

[m_kerr] 26/10/2022 18:15

i said it before but IMV they need more brands. the merger with britvic was abandoned a few years ago - but remember management cited £40m in synergies which would still be the case. they're the only possible trade acquirer though. pepsi / coca cola would only be interested in power brands with the potential to scale internationally which BARR don't have.