Conviviality Share Discussion Threads

[bigbigdave] 16/11/2017 07:29

Scottish 'booze cruises' to England predicted as minimum pricing introduced

[bluetooth] 07/11/2017 10:14

Looks OK to me, surprised at the fall this A.M.

[masurenguy] 07/11/2017 08:54

Trading Update Highlights

"Group unaudited revenue for the period was 9.2% ahead of last year at £836m (H1 FY2017: £766m*) and 7.9% above the corresponding prior period. Conviviality is pleased to report sales in each business unit for the 26 weeks ended 29 October 2017 were notably above the corresponding prior period:

-- Conviviality Direct sales up 6.9% over the corresponding prior period to £540m (H1 FY2017 £500m*)

-- Conviviality Retail sales up 10.0% over the corresponding prior period to £203m (H1 FY2017 £185m*)

-- Conviviality Trading sales up 9.6% over the corresponding prior period to £93m (H1 FY2017 £82m*)

The Group continues to perform in line with the Board's expectations for the 52 week period ending 29 April 2018. Net Debt at the half year was £134m compared to £139m last year.

Outlook

Conviviality continues to perform in line with the Board's expectations for the 52 week period ending 29 April 2018. However, reflecting the phasing of cost savings, profits for the full year will be more H2 FY2018 weighted. Conviviality will announce its Half Year Results for the 26 weeks to 29 October 2017 on 29 January 2018. Diana Hunter, Chief Executive Officer of Conviviality, said: "We are pleased to have delivered strong revenue growth during the period. This performance is a direct result of the support and engagement of our valued customers and Franchisees across our entire business, our suppliers and global producers and the talented teams who work closely with them. During this period the Company has undergone significant change as we continue to implement systems that will ultimately serve to future proof our business and enable us to continue to deliver the outstanding service that our customers and Franchisees expect from us."

[saucepan] 13/10/2017 14:07

CVR looking good for an important breakout. I am surprised there are not posts since July.

[1pvh] 29/7/2017 12:53

The stores are now 25% of the total business and I quite like the layout. The rest of the business is wholesaling to restaurant chains and independents and supermarkets etc.They are now the biggest wholesaler.The shares were placed on the market 4 years ago at £1 and are now £3.65 ish. Not bad that! So glad I bought them

[pj 1] 26/7/2017 20:04

Its an amazing model really. Awful store lay outs, awful customer service, awful name.

Cheap-ish alcohol.

Says it all really.

[1pvh] 26/7/2017 19:58

Still on the up, big rise today. Resisting any profit taking even though my biggest holding. If we can keep hold of the CEO for another two to three years, company will march on.

[1pvh] 17/7/2017 07:56

Nice increase in divi and a good start to the current year. Should get to eps of about 24 this year and a 14 p divi.I reckon £4 within 2 years.

[pjleeds] 14/7/2017 16:18

1pvh. Just bought some, Any point staying, or should I bail out now?

[1pvh] 31/5/2017 09:16

Above my target price but all seems well after recent end of year trading statement. Have sold a few recently, took profits before election.Travelled a long way these from initial purchases around 135.Anyone else any thoughts?

[mrmark01] 25/4/2017 16:35

Sold out on good rise today...

[masurenguy] 09/2/2017 11:12

Goes interim ex-dividend today on 4.2p.

[ricardothebrave] 31/1/2017 21:46

After the recent rises and excellent news I think this will drift down somewhat before the next push. 220p is my re-entry point.

[luckymouse] 30/1/2017 23:03

I wonder where the analysts got that 290 target from lol. Could be worth £4 in fact - if Tesco don't fk it up that is - Buy in the chronically timed investor today. An order cluster around prior rst & the broad IHS neckline cld be interesting.

[mrmark01] 30/1/2017 10:44

Cheers for broker note Flagon.

[mrmark01] 30/1/2017 10:09

Divi up 100% - gotta love that statement!

[1pvh] 30/1/2017 09:28

All seems pretty good. Have to keep an eye on the debt level though

[deadly] 30/1/2017 09:02

Thanks for that.

Yes excellent results.

[flagon] 30/1/2017 08:27

WH Ireland this morning -

Conviviality~ (CVR) – Buy – Interims robust with trading remaining positive; integration on track

Market Cap £446m Price 260p Target 310p (from 300p)

Conviviality has this morning released a positive set of interim results, illustrating the considerable progress that has been made in the period. H1 2017 Group revenue increased by 210.5% to £782.5m, reflecting the full period contribution from Matthew Clark and Peppermint and part period contribution from Bibendum, these also being reflected in the 250bps increase in the gross margin at 12.5%. Adjusted PBT rose by 294.9% to £15.4m and EPS +142.1% at 9.2p. The proposed interim dividend is ahead by 100% to 4.2p, with the net debt position at £138.4m, reflecting both seasonal outflow and the Bibendum acquisition.

Trading since the end of H1 has again been positive, with Group sales ahead by 6.1% in November and December and a 2.1% increase in Retail LFL’s for the 6 weeks to 1 January 2017. With this inline trading performance, in combination with the integration plan remaining on track, we leave our underlying forecasts unchanged this morning, whilst taking into account a slightly reduced FY 2017E anticipated tax charge, resulting in a 2% uplift to our FY 2017E earnings expectation (WHI est. FY 2017E PBT £45.5m/EPS 20.8p, FY 2018E PBT £52.8m/EPS 23.3p).

The shares have performed well since the beginning of the year and this morning’s results illustrate the considerable progress that has been made. However, given the growth opportunities, in combination with the potential for further synergies from the acquisitions of Matthew Clark and Bibendum to come through, we view the PER multiples of 12.5x falling to 11.1x, backed by an attractive 5% dividend yield multiples as remaining undemanding and raise our SPT to 310p.

[mrmark01] 26/1/2017 23:08

Fingers crossed for a good fist half! Monday 30th January, 2017 (Estimate)
Half Year 2017 Conviviality PLC Earnings Release

[1pvh] 20/1/2017 07:52

With a decent interim statement and outlook, £3.00 is the target.Still would be only on a prospective pe of 12 for fy 18 and a yield of over 4%. My largest holding. Excellent Chief Executive

[mrmark01] 18/1/2017 22:39

pushing higher finally...

[buoycat] 13/1/2017 08:22

Why come to a bb for info? Go to the conviviality website / investor relations / financial calendar and it says...Half year preliminary results 30th Jan

[sailastra] 10/1/2017 15:56

Thank you Flagon....visited the board today in the hope that someone might have posted date interims where due.... + they have broken up through the downtrend today so with luck the news will be good.