Dairy Crest Share Discussion Threads

[boffster] 01/1/2009 12:11

Just thought I'd post to break your chain of talking to yourself CR! Holding and of course happy we're moving in the right direction, although these owe me £2.60. All the best for the new year

[cockneyrebel] 31/12/2008 11:06

picking up pace - look at that chart!

CR

[cockneyrebel] 31/12/2008 10:54

Breakout picking up pace.

CR

[cockneyrebel] 30/12/2008 15:09

That's a breakoutr - reckon these will have a monster week when the funds are back buying on Jan 2 onwards.

CR

[cockneyrebel] 30/12/2008 11:43

Another penny and it breaks all the recent highs - that will get the technical boys chasing it imo.

Don't leve it too late wendsworth :-)

CR

[cockneyrebel] 30/12/2008 08:18

yes, but take a look at that chart - it's about to breakout and when it does the shorters will close in droves, driving it up even faster - the 7p divi on offer next week will prove too much and suck the buyers in if not before imo.

Don't look a gifthorse in the mouth hoping to catch a lower bottom that you probably will never see imo.

CR

[cockneyrebel] 29/12/2008 15:09

Chart turning, 7p divi for holders next week, directors buying and on the verge of a breakout - PE 5 and a 12% yield.

It would only be analysts that called these a sell here when they had buys on them at £7.50.

CR

[cockneyrebel] 29/12/2008 14:00

Hmmm, nope CEO's don't resign for nothing but then the shares have fallen 75% so that isn't 'nothing' is it? If the CEO was the weakest link (and actually he was the MD and he isn't being replaced) and he has now gone then perhaps that's the watershed.

The directors seem to think so - they all bought shares on Nov 19 when they obviously knew he was going - they obviously knew he was the problem imo.

CR

[cockneyrebel] 19/12/2008 12:19

Strange I have this as a Dow Jones and no RNS:

LONDON (Dow Jones)--The U.K. Competition Commission, or CC, said Friday that it has provisionally cleared the completed acquisition by Long Clawson Dairy of the Millway business of Dairy Crest Group.
In its provisional findings report the CC has concluded that, without its sale to Long Clawson, the Millway business, which has been loss making for many years and has recently lost a number of its most significant cus­tomers, would have been closed by Dairy Crest.
Compared with this alternative outcome, the loss of competition caused by the merger is likely to be small and so the CC does not believe that it will lead to a substantial lessening of competition for the supply of Blue Stilton cheese in the U.K.


-----------------------

Cheap these don't you think? PE4, 25p divi = to over 11%, directors buying.

With that sale cleared, the pension fund in a better situation in recent weeks these look like they have a bottom under them imo.

7p divi xd on Jan 7th - over 54 weeks you get over 30p back in divi on a buy today - makes these look mighty cheap imo.

CR

[muffinhead] 17/12/2008 18:20

Closing the stable door after the horse has bolted



"""Dairy Crest has taken steps to more closely align the currency profile of its borrowings with its geographical profile of profits. This action will benefit the Group by substantially reducing the extent to which borrowings will increase in the event that sterling weakens further from today's levels.


Neither of these initiatives will have a material effect on current-year earnings"""

...in other words this action is too late to avoid a profits downgrade and we can't admit to calling this a profits warning. The reassurance about debt/ebitda levels is a flashing red sign. Roll on trading statement,the proverbial city kicking and possible scare about covenant breaches.

[muffinhead] 17/12/2008 17:45

It just gets worse

Forex may be gunning for parity



free stock charts from www.advfn.com

[muffinhead] 10/12/2008 19:04

Sometimes when you read articles like this in the newspaper, it is a useful contrarian indicator that the worst has been discounted

[muffinhead] 04/12/2008 23:04

The £ fell to 89 cents(euro) in 1995 and stayed there for approx 7 months.
Today it fell to a new low of 87 cents from a level of 68 cents 12 months ago.
The forex markets have a target again of at least 89 cents imo. This creates a 30% increase in financing costs on the Euro debt taken on in 2007.

Total net debt at last prelims £470 mill
£237 mill was borrowed in Euros at a 5% rate

The response to the next trading statement will be interesting. Approx £71mill increase in finance cost will need to be accounted for. It is approx 1 year of pretax profits. The interim dividend will be paid but the final in 2009 will need to be cancelled imo.

[boffster] 04/12/2008 13:15

Maybe not then!

[boffster] 04/12/2008 09:39

Looks like I've missed the chance!

[boffster] 02/12/2008 18:23

Shorters getting desperate if you ask me, I'll be looking to add more at this price.

[muffinhead] 02/12/2008 12:27

methinks the hedgies sniff blood

[muffinhead] 02/12/2008 12:09

Flora from Unilever having a butter price war?

Dairy Crest margins only about 4%