Britvic Share Discussion Threads

[robrah] 02/12/2010 14:14

so tempted to to up but should i ?

ahhh the bounce looks good so far ,wish i got in at 450ish

[shauney2] 02/12/2010 10:44

From Barclays this morning.
Britvic - FY in line, cost guidance raised but still cheap – Buy


Event: FY numbers were in line with consensus expectations, but management has raised input cost guidance from 3-4% to 5-6%. With higher pricing not coming into effect until February, the first half of the year might be tough on margins. This is likely to see forecasts for this year fall in the low single digits.


BW View: There may be some disappointment at the raised cost guidance but the growth picture remains attractive and the valuation, at 13x 2011 PE looks undemanding relative to the competition. Britvic remains our preferred stock in the beverage space and we would see any weakness on the back of today's results as a good buying opportunity into a stock with good growth prospects and an attractive dividend yield

[cockneyrebel] 02/12/2010 07:39

38,6p eps looks ahead of forecasts.

Upbeat going fwd too.

CR

[cockneyrebel] 29/11/2010 11:44

Interims Thurs

Brokers have been upgrading, co sounding upbeat.

Chart looking to break out too imo, curving up nice here.

CR

[philanderer] 21/10/2010 09:06

FLASH: Britvic raised to buy from hold at Altium, target price 550p

[robrah] 24/9/2010 21:33

Evolution Securities issued a "buy" rating for the soft drinks group Britvic (BVIC) with a 525p target price. Even on cautious assumptions, the broker believes that there are enough sources of growth in both core business and Fruité to deliver an earnings per share increase in excess of 12% during the next three years. M&A remains possible, Evolution added, but if this cannot satisfy the firm's financial criteria, a growing free cash flow yield underpins the above-average dividend yield. Despite the rise in the share price over the last year, the company remains cheap against all its peer groups and the broker sees the recent dip in the shares as an excellent buying opportunity. Britvic shares rose 7.1p to 474.4p

[philanderer] 10/9/2010 08:47

Britvic BVIC

09-Sep Evolution Securities Buy 487.70 - Reiteration

[philanderer] 03/9/2010 00:06

DTelegraph....

Britvic, however, was hit by a Credit Suisse downgrade to "neutral" from "outperform". Analysts at Credit Suisse said: "While our long term view of this well-managed and operationally best-in-class soft drinks company has not changed, we believe a number of challenges face management in the fourth quarter and early 2011, including sustained economic weakness in Ireland, poor weather in the UK, weakening currencies and higher raw material costs." The shares lost 5.1 to 471.4p.

[philanderer] 02/9/2010 18:23

CSFB downgrading today....'neutral' stance lowering TP from 530p to 510p

[robrah] 04/8/2010 12:44

what a relief :) dipped down to 469 and back up to 482 , nearly hit my stop.

hope this recovers soon as break even is still far.

[philanderer] 03/8/2010 20:34

Couple of reasons I reckon. The recent trading statement was a little cautious in forward guidance ..... and recently investors have been leaving 'risk averse' / 'defensive' shares in favour of those linked to economic recovery.

[robrah] 03/8/2010 12:45

why is this going down ?

[philanderer] 27/7/2010 16:04

Old Mutual Equity Income fund manager Stephen Message.....

"Since taking over the fund, Message has reduced the number of holdings down from 75 to 55 and increased the active positions in shares where he has conviction. He has also built considerable exposure to mid caps, pointing out there are a number of solid dividend growth stories outside of the traditional blue chip income havens.

"He singles out Restaurant Group, Amlin and Britvic as favoured picks in this area and the fund has around 35% exposure to the FTSE 250"

[philanderer] 26/7/2010 16:50

500.5p - 501p on 500k traded.....profit takers may be out now after last weeks trading statement ?

[philanderer] 26/7/2010 11:09

"Britvic to review Pepsi Raw after poor sales"

article:

[philanderer] 26/7/2010 10:52

Monday , July 26, 2010

The manager of the £2.6bn Newton Higher Income fund said she had started to outperform again recently and would continue to do so in the low-growth environment to come.

She outperformed the wider market over the past quarter as her high-income equities held relatively firm as markets entered a cyclical correction.
"We're not in the double-dip camp – we continue to think it will be a very slow recovery," Ms Frikkee said.

"There's so much rebalancing [in the economy] that still needs doing.

"It just takes time and is not something that gets done in a couple of months.

"You may not see much of anything at all other than lots of volatility – it is really about picking specific stocks."

....Ms Frikkee said she was targeting sectors like soft drinks group Britvic, retailer Halfords and British American Tobacco.

"The market is on a price/earnings of about 13x – that is not a screaming buy – but within that there tend to be some areas that are pretty cheap," said the manager.

[philanderer] 25/7/2010 00:09

'Sell' advice from Telegraph's 'Questor' (who also said sell ARM Hldgs AT 254p in April)

........also seems a bit at odds with recent Barclays and Nomura`s price targets of 600p !...even downbeat Altium has 550p ;-)

Britvic

505p

Questor says SELL

THE most difficult decision to make in investing is choosing the right time to sell.

Questor reckons it is better to sell a share early and miss out on the last bit of profit than sell the shares late and see profits disappear. This is a very frustrating experience for professional and amateur investors alike.

This is the situation we find ourselves in with fizzy drink maker Britvic. The shares have performed well since they were recommended last year and have almost doubled. A profit isn't a profit until it is in the bank and investors need to crystallise gains, which can then be deployed elsewhere in a more undervalued company.

Last week, Britvic said it was confident in meeting full-year expectations as it posted third quarter sales. Total revenue rose 16.2pc on a year-on-year basis to £289.5m. Sales for the year to date are up 8.5pc to £794.8m.
There was a hint of caution in the statement. "We continue to remain cautious about consumer sentiment in our trading territories," it said.

The group acquired French fruit syrup group Fruité Entreprises in May for €237m (£197m) and the new purchase contributed revenue of £23.2m in June.
Questor would not be surprised if acquisitions such as this formed a central part of the group's future growth strategy. There is also potential upside should the weather continue to be fine through the summer after last year's washout.

The average price target of the 12 analysts that cover the stock and are monitored by Bloomberg is 540p a share – slightly ahead of the current share price.

The shares are up 96pc since they were recommended on April 16 last year compared with a market up 31pc.

Investors should also have received their last dividend payment on July 2.

Questor thinks that now is the time to take profits and sell.

[philanderer] 24/7/2010 08:55

Scotsman...


Jonathan Cook, an analyst at RBS Equities, noted that Pepsi had grown its market share, despite rival Coca-Cola carrying out a large amount of marketing activities during the World Cup in South Africa.

Pepsi's summer promotions have included selling its brands in 600ml bottles instead of 500ml.

Cook said: "Britvic has performed exceptionally well in the carbonated market.

However, comparatives will get tougher and, therefore, a level of market out-performance is unlikely to continue indefinitely."

[philanderer] 23/7/2010 23:33

Financil Times...

"Britvic bubbles along in third quarter"

UK soft drinks maker Britvic delivered solid third-quarter results on Friday, with strong marketing and a boost from its newly acquired French subsidiary Fruité keeping the company confident that it will meet full-year expectations on sales growth.

Revenue in the quarter to July 4 grew by 16.2 per cent to £289.5m as trading was boosted by a £23.2m contribution from its French soft drinks Fruité business, bought for €237m in May. Revenues over nine months were up 8.5 per cent at £794.8m.

Fizzy drinks showed stronger growth than stills during the quarter, with revenue from carbonates up 13.2 per cent on last year, compared with a fall in revenue from stills of 1.4 per cent.

Promotion of its Pepsi brand, which it has the right to market and distribute in the UK and Ireland, helped sales of the fizzy cola drink.

Britvic said the World Cup had little overall benefit to the company, whose beverages are targeted at consumers in pubs, eateries and retailers for home consumption.

Paul Moody, chief executive, said Britvic's branding skills would help it strengthen its new business in France, which was a strategically important addition to the Britvic group.

However, he conceded that the company continues "to remain cautious about consumer sentiment in our trading territories".

The Irish market, which had struggled in previous quarters, managed a 15 per cent increase in volumes during the quarter. But Britvic said the Irish market "remains volatile", as value continued to decline.

The company added that it remained cautious overall that "the latest performance is not indicative of a sustained turnround in the soft drinks market".

Shares have performed well over the past 18 months, and analysts remain positive about the company. Most sentiment continues to be "buy", although Altium, which recommends "hold", said Ireland was "likely to remain challenging for the remainder of the year".

Altium said the company's lack of presence in the smoothie and plain water market meant it was unable to take advantage of a resurgence in these drinks during the hot weather.

[philanderer] 23/7/2010 20:47

DTelegraph market report....

"..... A Britvic trading update that met with expectations led to some profit taking. Britvic slipped 13 to 505p."



Guardian....

".....Soft drinks maker Britvic, whose brands include Robinsons, Tango and Fruit Shoot, also got a fillip from the hot summer weather as it reported forecast-busting sales for its third quarter today. Revenues for the quarter to 4 July soared 16% to £289.5m. "

[philanderer] 23/7/2010 17:18

Seems to have been 'sell on the news' today...

FTSE 250 - Fallers

Supergroup (SGP) 985.00p -3.53%
Close Brothers Group (CBG) 687.00p -3.31%
Britvic (BVIC) 505.00p -2.51%
Genus (GNS) 722.00p -2.30%
JPMorgan Emerging Markets Inv Trust (JMG) 509.00p -1.93%
Connaught (CNT) 102.10p -1.83%
Euromoney Institutional Investor (ERM) 580.00p -1.69%
Rathbone Brothers (RAT) 831.50p -1.60%
JPMorgan Asian Inv Trust (JAI) 197.30p -1.60%
BTG (BGC) 205.20p -1.58%

[philanderer] 23/7/2010 13:24

Added a few this morning.

Hopefully consolidating above 500p now for a while.

[philanderer] 23/7/2010 11:07

Altium who earlier this week came out with 'hold' for BVIC and 550p TP not overtly positive this morning...

"With no catalyst contained within today's statement we do not see consensus numbers moving. Indeed, it could be a good opportunity to lock in some profits given the economic backdrop is unlikely to provide much support over the coming year," said Greg Feehely, analyst at Altium Securities.

Analysts highlighted a particularly strong performance from the British carbonates division, where revenue rose 13.2 percent and market share was won.

They said this growth reflected bright sunshine and unseasonally high temperatures in June, a strong performance during the World Cup period and new product launches, such as Mountain Dew and a new 600 ml Pepsi Max.

However, negatives were a 1.4 percent revenue decline in the British still soft drinks division and a 2.4 percent fall in prices across the group.

[robrah] 23/7/2010 10:56

seems.like it all good news for bvic so why is the share price not climbing?