Dairy Crest Share Discussion Threads

[watwungyi] 16/7/2008 22:41

results due tomorrow. fingers crossed.

[boffster] 10/7/2008 21:30

Since when has the market ever been logical?!

[muffinhead] 09/7/2008 17:52

a reassessment??? 400p level seems logical

[watwungyi] 01/7/2008 20:46

it's time to fly. come on dcg.

[muffinhead] 26/6/2008 20:41

From Annual Report Page 6


""
Group net debt at 31 March 2008 was
£23.8 million higher than 31 March 2007
at £474.8 million (2007: £451.0 million).
This reflects the adverse impact of the
appreciation of the Euro versus Sterling
on our Euro denominated debt. This
increased net debt by £46.2 million.
Assuming no further significant exchange
rate movements, net debt at 31 March
2009 is expected to be at about the same
level. This will result from higher cheese
stocks, capital expenditure on the new
cheese packing plant at Nuneaton and the
final year of additional cash contributions
to the pension fund. Net debt should
reduce beyond 2008/09 as capital
expenditure is expected to return to
normal levels. ""



Page 24
""
Finance charges have increased by 36% to
£26.2 million as a result of increased levels
of net debt during the year due to the
acquisitions made in 2006/07. In addition,
a large proportion of our interest cost is
denominated in Euros, and Sterling
weakness has resulted in higher reported
interest costs due to the translation effect.
In April 2007 the Group raised €150 million
and £10 million from the issue of loan notes
in the US. Notes were issued for 7 and 10
years with an average effective interest rate
of 4.77% (Euros) and 5.84% (Sterling)."





...expanding the St Hubert range would build on the Euro strength (Page 62 increase in sales 2007 £85 mill to £135 mill 2008 from outside UK and Ireland)


free stock charts from www.advfn.com

[muffinhead] 26/6/2008 12:07

Thanks


Rise in farmers' costs spreads to checkouts

[muffinhead] 25/6/2008 22:34

Interesting stats on milk prices. UK is cheapest producer in Europe, including Eastern Europe

Prices have not moved much since 2001


Suppose dairy cows are happy eating grass

[muffinhead] 25/6/2008 21:44

Page 11 Cash Flow
£46.2 million foreign exchange charge for £ depreciation against Euro on
Euro business. This looks like a one off but don't understand why it is not entered in the income statement as an exceptional charge. May have to do with setting up the French and Italian businesses.

The results were good otherwise.

[scotch broth] 25/6/2008 15:37

No press comment but I assume the fall to 320 is because of the debt level.Debt now exceeds market value. Companies with high debt get crucified in these markets-have a look at Barratts--but take a stiff drink first.

[muffinhead] 24/6/2008 15:39

average 386p so no near term exit..will reinvest the 17.3

suppose paper adverts for saving rate bonds at 7% doesn't help

[watwungyi] 24/6/2008 12:35

Tomorrow is an ex-date day. 17+p for a share. Did anyone buy?

[muffinhead] 17/6/2008 12:34

May have to wait ~18 mths to get the full upside as chart MA's on 30, 90 and 200 days all pointing the wrong way at present


Nice dividend for the patient.. 17.3p ex-div next Wed and another 25.83p in 12 months

The bogeymen: inflation, balance sheet debt and market momentum

Whatever...people have to eat

[muffinhead] 12/6/2008 22:05

yep payment 17.3p August 08 and further 25.83 (forecast on Barclays research) January and August 09

[wendsworth] 12/6/2008 14:12

trading at ridiculously low level bearing in mind 17.3p dividend due to go ex on 25th June!

[muffinhead] 05/6/2008 10:16

maybe, just maybe ...nice divi

[royaloak] 30/5/2008 12:32

Hi wendsworth, thanks, agree, iv'e been nibbling.

[wendsworth] 27/5/2008 15:19

royaloak: Good further buying opportunity.

[boffster] 23/5/2008 20:54

I could have told you that weeks ago, I have gone on to buying cheapo UHT milk these days, but those sods in the office still nick it just the same. ;-)

[scotch broth] 23/5/2008 18:34

Hot news!
I have just paid £1.44 for 4 pints of milk at Tesco.Last time it was £1.34.It looks like price increases are being passed on.After the OFT investigation I thought the supermarkets might refuse to talk about such matters.

[royaloak] 20/5/2008 09:10

Bought early on, first time in these for a few years, they then dropped back sharply, thought I had made a mistake, looked at the figures again, still looked outstanding so bought some more.

PE around 7, dividend as stated above 6.8%, looks very good value! IMHO.

[wendsworth] 20/5/2008 08:05

Results in line with expectations.Final Dividend up 6.8% to 17.3p . Looks very encouraging.

This a very quiet BB...having said that.. my most successfull investments (apart from Pilkington) have eminated from companies with limited meaningful comments by posters.