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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cadbury | CBRY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 863.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 863.00 | 863.00 |
| Top Posts |
|---|
Posted at 24/2/2010 15:13 by kumala Just looked in, amazed to see CBRY trading at this price, amazing.K |
Posted at 21/1/2010 15:19 by kumala Toplical: it has just been announced on bloomberg, that Hershey has abandoned its planed bid for CBRY, it will probably be reanounced through the afternoon, they interupted an interview to bring the news.K |
Posted at 21/1/2010 08:09 by topvest What irritates me about this, on top of the very poor price, is that if you are a small shareholder you are not catered for.There is a non-guaranteed mix and match facility, but if it is not fulfilled by an equal number of shareholders wanting Kraft paper then you get Kraft CDI's which are very difficult to hold or trade. Therefore, I assume that I have to sell my Cadbury shares now, incur dealing costs and miss the 10p dividend. Not addressed on the Cadbury web-site at all which is pathetic given the number of small shareholders. Very poor treatment or a fingers up to small shareholers if you ask me. Not happy with this. Anyone else in the same position? |
Posted at 19/1/2010 08:46 by topicel Kumula - the £8.50 forecast right back in September has been achieved - there is a 10p dividend if you wait until April - and therefore my aims have been met.If you take the current share price and sell you don't lose much, so each must decide what is going to happen next. Hershey may still go higher but after Kraft's bid has been recommended it would appear they've had no indication that Hershey can counter it, and therefore the game is over. I'd be worried in Cadbury H.O. but that is global business for you. As for the SP, it could still climb to £8.50 later today - or more in days to come - as many times it settles above the agreed price at certain stages. What will you do? Topicel |
Posted at 19/1/2010 08:30 by kumala Unless Hershey makes a move soon might it be to late for any other deal to be done, (Hershey has till 23rd to make offer) looks like all the talk by the press and the "men in the know" of CBRY going for circa £9 was pie in the sky then. :( K |
Posted at 18/1/2010 11:27 by kumala mmm, fingers crossed Topical for a favorable outcome, from a selfish point of view the signs are strong that we indeed might see £8.50 very soon, a price i will be happy to take, £8.20 is looking to be pretty much a certinty and for us will be some upside to our buy price's, so all in all we should not take a loss on CBRY, am just abit miffed at the time lapse on the deal, but i know its to be expected on such a move. I should not have been so hasty in buying CBRY and would have made a much higher profit if my funds remained in my last investment, such is life and we are not going to get it right all the time.even so, a profit is a profit no matter how small. talk later K ;) |
Posted at 12/1/2010 08:16 by topicel The fight goes on. A very robust defence with headline figures, more detail on Friday. 10% dividend is attractive and now adding words such as 'unattractive' to 'derisory' when describing Kraft's offer - among other similar soundbites from Chairman Roger Carr as he tours the Sky, BBC and Bloomberg studios on the attack.He still talked, when pressed, of 'independent valuations and shareholder implications that mid-£8 would be needed to create value above the growth and prospects that Cadbury were announcing today. Bloomberg's guest analyst spent five minutes on it and reiterated his 'hold' stance as he felt more would play out very late in the day. No doubt it will, but still happy with a good dividend and if we stay independent then equally 'happy' with a slip back to £7.00 per share if need be. A bit like drawing teeth, but that's the game I suppose. Can you take it? Topicel |
Posted at 05/1/2010 08:44 by kumala PS: at the time i purchased CBRY i was looking at BAE systems priced then at circa £3.20 but decided on CBRY BAE now are circa £3.65.... mmmmmm I would have also purchased double the Qty of shares.......... Just me moaning, think im in the wrong business, Ha.K ;/ |
Posted at 04/12/2009 15:09 by topicel Earlier than I thought then Kumala, that won't impress any genuine Cadbury holders or the hedgies.As I've said before, I'd rather stay put and enjoy the yearly dividends and await a better offer down the line. Consolidation will happen again, and CBRY are very ripe and gaining traction in many overseas markets - Stitzer is right to defend this on both those counts. For once, value isn't the only issue, and be sure it won't fall back to £6.00 even if Kraft give it up... Topicel |
Posted at 15/11/2009 12:51 by topvest Starting to hot-up with these comments in the press. Nick Train's comments are interesting; The Trust has had a nicely timed fillip from two of our long-standing holdings. Following AG Barr's good results its share price responded rising 21% in the month but Cadbury was the best performer, up 38%, following an announcement of a bid approach from Kraft. Kraft's bid was not only pleasing in its contribution to performance but it also provided an important validation of our core working hypothesis that exceptional and durable businesses tend to be undervalued by most investors most of the time. Our longer standing shareholders know that we have held Cadbury since the Trust began and they will have been bombarded with all manner of comments in previous monthlies justifying its ownership and lamenting on why others could not recognise the value we saw in the company. As a reminder, we believe that it has always been undervalued and remains so today, although by less than ever before. Why? First, we have always considered that other investors have not appreciated just how rare a franchise such as Cadbury is, with its wide range of chocolate, confectionery and gum brands many of which have been around - and we anticipate will continue to be around - for generations. Surprisingly few quoted companies meet this test of durability, as evidenced by the high attrition rate for constituents of equity indices our analysis suggests that over 20 year periods only 20% of companies in major market indices survive in the same form. Next, it is important to recognise that its rarity and survivorship is a product of the ability of the company to grow its cash flow in real terms consistently over such multi-year, actuarial time horizons. Over the 34 years from 1975 to 2009 (longest data available) Cadbury grew its real dividends (a good proxy for cash flow) by 5.7% per annum, a exceptional performance when one considers that over the 50 years from 1950-2001 the real growth in dividends in the UK market was approximately 2.3% per annum. During this period there was only one cut in the annual dividend, in 2002, and even then dividends exceeded their previous levels by the next year. And finally, we think it is wrong to apply an equity risk premium to a discounted cash flow valuation of a company such as Cadbury, as most other investors explicitly or implicitly must do. Why should Cadbury be valued at a yield premium to a longterm UK gilt, when it promises - and has had a history of delivering over many years through good times and bad - a growing stream of real income. Events like Kraft's bid for Cadbury confirm to us that there are other investors who recognise such exceptional stores of value. Kraft knows a lot about the value of brands and it is a welcome validation of our hypothesis when such an informed corporate buyer sees the same value in an asset we own. And clearly the full value of Cadbury is above the initial bid price; probably Kraft's tactical first shot. In all likelihood Kraft have budgeted for an uplift from the initial offer in order to win the bid and, even then, in order to buy the company and extract value from the investment for their shareholders, prudence would suggest that the final offer must be pitched at a discount to what they believe is the true full value. For what it is worth, we think Cadbury is worth about £10 per share versus the £5.70 it was trading at before the bid. Contrary to our prediction in the last monthly, there have been no further developments on Cadbury. But next month there will be, as Kraft has until 9th November to submit a formal bid or withdraw for six months. Also, Cadbury have a trading update next week which should give us clues on how the business is doing. He thinks Cadbury is worth about £10 a share. |
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