Britvic Share Discussion Threads

[philanderer] 26/3/2018 10:35

26th march RBC sector perform tp 660p cut from 720p

[philanderer] 22/3/2018 20:13

Britvic launches Drink Differently initiative

[philanderer] 20/3/2018 14:14

Saatchi & Saatchi London and Britvic-owned Robinsons launch Fruit Cordial campaign

[philanderer] 13/3/2018 12:14

Looks like a read across from FEVR results this morning.

[philanderer] 08/3/2018 23:57

Britvic PLC @Britvic
12 hours ago

On International Women’s Day, @BallygowanWater is proud to support Dublin GAA Women’s Football and Camogie teams as their official hydration partners @DubGAAOfficial #BritvicIreland #IWD2018 #upthedubs

[philanderer] 08/3/2018 23:54

Telegraph :

"Market report: Britvic shares fizz on rating upgrade"

Shares in Tango maker Britvic fizzed after City analysts predicted that the FTSE 250 company was well-equipped to ride out the Government’s war on Britain’s sweet tooth.

The soft drinks giant is successfully fending off the threat of climbing costs through its savings programme and the impact of the upcoming sugar tax is likely to be “relatively minor”, Morgan Stanley argued in a ratings upgrade to “overweight”.

The sugar tax will be introduced in April and companies are reformulating their fizzy drinks to help them squeeze under the threshold, as a 24p per litre levy for certain beverages looms.

The Government hopes that the costs of the tax will be passed through the supply chain by drinks manufacturers and push up the price of high-sugar drinks to tackle obesity.

Britvic’s “well-developed” low and no sugar range, which includes Pepsi Max, and its focus on selling to bars and restaurants should insulate it from the tax, Morgan Stanley argued to boost the shares 42.5p to 724.5p.

[philanderer] 08/3/2018 21:08

London Ev Standard..


Robinsons cordial maker Britvic was also flying high, after brokers at Morgan Stanley upgraded the stock despite the introduction of the sugar tax.

Richard Felton, analyst at Morgan Stanley, said: “[Next month], the soft drinks levy will be introduced in the UK. Britvic has disclosed 28% of the company’s GB portfolio is exposed to the tax… we think the impact will be muted for Britvic.” Shares bubbled up 42p, or 6%, to 724p.

[philanderer] 08/3/2018 08:09

Upgrade from Morgan Stanley to 'overweight' tp 870p up from 680p

[philanderer] 07/3/2018 18:30

Irish Times Business
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Britvic's Ballygowan water and Energise Sports brands will be "official hydration partners" for Dublin’s football, hurling and camogie teams for the coming three years

[philanderer] 20/2/2018 17:51

Shore Capital upgrades 'sell' to 'buy'


After having fallen 15% in the past month, Shore Capital now thinks drink maker Britvic looks like a 'buy'.

Britvic’s share price declined sharply post its first-quarter statement on 31 January and in absolute terms has fallen by 15% in the past month and closer to 20% peak to trough, notes analyst Phil Carroll.

After moving to a negative stance on the stock in December due to concerns over valuation especially with the uncertainty of sugar tax ahead, he now believes Britvic shares "look compelling".

Carroll's forecasts are below consensus expectations and there is a prospect of a "rising attractive free cash flow yield" once the drink-maker emerges from its three-year capital investment programme and therefore, the ShoreCap man's recommendation has been upgraded from 'sell' to 'buy'.

The shares are currently trading for 13.6 times the 2018 full year earnings per share of 50.8p that Carroll has forecast, which take account of a shift in some customer-related investment spend from selling and distribution costs to revenue and moves some incentives from suppliers from revenue to cost of sales.

"The valuation based on Bloomberg consensus is 13.0x. We believe we have taken quite a prudent view of the year ahead given the introduction of the sugar tax," the analyst said. But he stressed that "even taking into account any downward pressure on market expectations, the valuation remains historically attractive

[philanderer] 15/2/2018 21:29

LONDON (Alliance News) - Britvic PLC said on Thursday BlackRock Inc raised its stake in the soft drinks maker in a transaction on Tuesday.


BlackRock raised its stake in the company to 5.0%, having previously held a position below the 5% notifiable threshold.

[philanderer] 15/2/2018 09:53

15th feb JP Morgan Caz overweight tp 810p cut from 870p

[philanderer] 13/2/2018 00:07

Britvic adds fruity Juiced trio to Fruit Shoot lineup for kids

[philanderer] 07/2/2018 09:30

7th feb Goldmans neutral tp 765p up from 760p

[philanderer] 06/2/2018 17:32

New Britvic £100m investment helps produce 6,000 cans per minute

[philanderer] 05/2/2018 17:23

At least a nice dividend paid into the account today :-)

[philanderer] 02/2/2018 10:11

Jefferies retains 'hold' .. tp 780p cut from 800p

[philanderer] 02/2/2018 10:01

Well that was quick ..


JP Morgan Caz upgrading today from 'neutral' to 'overweight' ... tp 870p up from 810p

[philanderer] 01/2/2018 17:36

1st feb JP Morgan Caz neutral tp 810p

reiterates

[philanderer] 01/2/2018 14:13

Britvic to create 80 jobs with new production lines

[philanderer] 01/2/2018 10:11

Downgrade from Soc Gen 'buy' to 'hold' tp 795p cut from 950p


(OTCMKTS:BTVCY) from a buy rating to a hold rating in a report issued on Wednesday.

[philanderer] 01/2/2018 09:57

Yesterday's Shore Cap note..

Britvic shares will remain weak, says Shore Capital


A ‘lack lustre’ update from Britvic (BVIC) only adds to the risks at the soft drinks company and Shore Capital expects the shares to remain weak.

Analyst Phil Carroll reiterated his ‘sell’ recommendation on the stock after a first quarter update reported group sales were up 3.3% to £337.2 million but when the acquisition of Brazilian group Bela Ischia was excluded, growth was just 0.7%.

‘Overall, quite a lacklustre update from Britvic albeit it did face some challenging comparatives in some divisions. We continue to see uncertainty as a key risk to the investment case in the short term. This is unlikely to be helped by the first quarter 2018 trading performance,’ he said.

‘Furthermore, we note the announcement of more material exceptional costs. This is again unwelcome news in relation to the balance sheet.’

He added that ‘we continue to expect shares to be weak in the short term and therefore reiterate our “sell” recommendation’.

The shares were down 6.4% at 734p yesterday.

[philanderer] 31/1/2018 23:25

31st jan Shorecap sell

reiterates