Britvic Share Discussion Threads

[philanderer] 16/3/2016 14:50

Telegraph:

A new sugar tax on soft drinks has been announced, in a move which surprised campaigners.

George Osborne said levies will be introduced in two years' time, with higher rates for the most sugary drinks.
The cash raised - an estimated £520 million a year - will be spent on doubling funding for sport in primary schools.

It will be imposed on companies according to the volume of the sugar-sweetened drinks they produce or import.

There will be two bands - one for total sugar content above 5 grammes per 100 millilitres and a second, higher band for the most sugary drinks with more than 8 grammes per 100 millimetres.

Pure fruit juices and milk-based drinks will be excluded, and the smallest producers will have an exemption from the scheme.

[philanderer] 16/3/2016 13:44

Added a few @ 683p

[philanderer] 16/3/2016 13:27

BANG !!

Robert PestonVerified account ‏@Peston 3 minutes ago

.@George_Osborne we will introduce sugar levy on soft drinks industry - levied on companies in two years #Budget2016

[philanderer] 14/3/2016 09:32

Britvic Plc (LON:BVIC)‘s stock had its “buy” rating reiterated by equities research analysts at Societe Generale in a note issued to investors on Monday, Analyst Ratings Network.com reports. They presently have a GBX 870 target price on the stock

[philanderer] 11/3/2016 13:48

RBC Capital Markets have a GBX 730 PT on the stock. The PT means a potential upside of 3.11% from Britvic (LON:BVIC)’s previous close. This rating was disclosed to clients in a research note on 11 March.

[philanderer] 04/3/2016 13:05

4th march Investec buy tp 746p

reiterates

[philanderer] 02/3/2016 13:22

7UP unveils sugar-free Mojito flavour

[philanderer] 26/2/2016 12:56

Berenberg initiates coverage of mid-cap drinks makers


(ShareCast News) - Berenberg initiated coverage on the four UK mid-cap soft drinks manufacturers, highlighting a preference for Britvic and Nichols.

"We feel this market is often overlooked by investors due to the lack of absolute growth in the end-markets. However, we believe these businesses score well on several elements relative to our broader UK mid-cap coverage."

The bank said they typically generate strong and stable margins driven by operating efficiencies, they can deploy capital on value-accretive M&A, and they have demonstrated a good level of success by UK and international expansion.

It started Britvic and Nichols with a 'buy' rating and 850p and 1,450p price targets, respectively.

The bank said its preference for these two was mainly due to a combination of a propensity for future EPS upgrades and reasonable valuations.

On Britvic, it said EPS momentum was stabilising and there are several areas that could surprise to the upside, such as margin uplift from supply chain investment, Fruit Shoot's move into the $2bn US multipack market, and the International division returning to profitability.

"We believe these upside risks are not reflected in the current 14.3x FY 2016E P/E multiple, which makes the stock the cheapest among soft drinks peers and in the broader consumer sector."

[philanderer] 26/2/2016 12:46

26th feb RBC sector perform tp 730p

reiterates

[philanderer] 26/2/2016 09:38

Britvic : *BERENBERG INITIATES BRITVIC WITH 'BUY' - TARGET 850 PENCE

[philanderer] 12/2/2016 09:45

12th feb Goodbody buy

reiterates

[philanderer] 10/2/2016 11:49

10th feb UBS buy tp 840p

reiterates

[philanderer] 09/2/2016 18:19

FTSE100 has finished today at its lowest closing level since November 2012...........worst start to the year since 2008

[timberwolfequity] 05/2/2016 12:07

Extensive analysis of Britvic:

[philanderer] 04/2/2016 08:57

4th feb Barclays overweight tp 825p

reiterates

[philanderer] 02/2/2016 10:06

Knocked back today by JP Morgan initiating with 'underweight' and 650p target .... there`s always something.


(ShareCast News) - JP Morgan Cazenove has initiated coverage of soft drink companies Britvic and AG Barr at 'underweight' and 'overweight' respectively.
In a note on Tuesday, the investment bank said Britvic's shares have outperformed the sector since 2013.

"The 2013 restructuring programme has largely been completed, the cost savings achieved and we expect EBITA growth (ex-acquisitions) to slow significantly to 2% p.a. in FY16E-FY17E vs. 14% EBITA CAGR in FY13-FY15."

It said it expects lower incremental returns from the company's British supply chain programme "as the low hanging fruit has been reaped".

"It would be optimistic to assume that all of the benefit would be incremental, given the tough UK retail environment, in our view."

JP Morgan Cazenove also believed Robinsons will require significant investment to regain its appeal to customers.

[philanderer] 01/2/2016 17:43

Robinsons is on a mission to get the nation to ‘Enjoy Drinking More Water’ with its new campaign. The fully integrated multi-million pound campaign includes a strong focus on digital

[philanderer] 01/2/2016 13:13

1st feb Deutsche hold tp 775p

reiterates

[philanderer] 29/1/2016 17:32

Chart looking good and back above the placing price.

[philanderer] 28/1/2016 09:33

28th jan HSBC hold tp 700p
27th jan Barclays overweight tp 825p
27th jan Goodbody buy tp 825p
27th jan Numis buy tp 859p
27th jan ShoreCap buy -

[philanderer] 27/1/2016 20:24

Telegraph market report:

Elsewhere, a better-than-expected Christmas trading update helped soft drinks maker Britvic climb 5.5pc to 715.5p. First quarter sales grew by 2.4pc to £311.6m. An overhang of stocks in the system following a poor summer caused the Robinsons’ fruit juice owner to suffer a slow start to the full-year in October. However, analysts at Numis said the festive trading period was “encouraging” for core markets.

[philanderer] 27/1/2016 15:51

'Britvic sales lose their fizz after tough trading in Europe'

Soft drinks maker says its new Brazilian acquisition is performing in line with expectations




Britvic struggles as UK shuns sugary drinks

[philanderer] 27/1/2016 11:29

27th jan Goodbody buy tp 825p
27th jan Numis buy tp 859p

retentions

[philanderer] 27/1/2016 08:59

Well no big negative surprises..


27th jan Barclays overweight tp 825p

retains

[philanderer] 25/1/2016 16:32

Q1 trading update wednesday