Dairy Crest Share Discussion Threads

[aleman] 26/3/2009 07:57

Strong update from NFDS today adds to strong trading at PFD. Bodes well for DCG.

[wendsworth] 25/3/2009 18:21

Any views on the tone of the Full Year Trading Update due this Friday?

Nice steady upward trend this week whicjh gives an idication ?

Hopefully the trading update will see this share once again trading in the 250 to 300p range where it should by rights be..

[wendsworth] 20/3/2009 21:57

Aleman : Thank you for your thoughtful comments.

Decided to 'dip my toe back into the water today' ...so to speak.

If the dividend is maintained then the current share price is ludicrous.

If next week's Trading Update is positive then fully expect to see DCG 'motor on ' 30 to 50 pence.

[aleman] 19/3/2009 10:27

The economy is strengthening if the trading updates are anything to go by. UK results seem to be gradually lifting the FTSE 250 index even if it is not to be seen in the more international 100. Thomas cook today reports strong sales in Europe and UK which must reflect on the whole economy surely.



I have been shocked by banking shenanigans elsewhere so don't know to expect in their attempts to generate deals and bonuses. Logic says the dividend is safe otherwise they would have warned a few months ago with the debt refinancing to balance out Euro/£ risks. Doesn't seem much logic around at the moment, though.

[wendsworth] 15/3/2009 16:46

Aleman ; Full year trading update due 27th March. What's your view regarding the current level of dividend being retained?

[aleman] 20/2/2009 22:09

Very good test. An old resistance has turned into support and it has been a only a small fall from the recent short-term high and it rose today on an awful day for the market. Bodes very well.

[wendsworth] 20/2/2009 21:11

A good test today?

[wendsworth] 08/2/2009 19:20

Aleman : Looks like you could be RIGHT!

Good luck with the 'flu' ...this year's variety really is a stinker!

[aleman] 08/2/2009 13:20

This cold is shocking. I've had it 11 weeks and am constantly tired. Antibiotics cleared the chest infection and don't feel so bad now but chest still iffy and now getting nosebleeds.

FT says average savings account now paying 1.08% (although obviously larger amounts are in the higher rates - these expected to drop to around 3% in weeks ahead). FT had numerous articles about switching cash to riskier income investment trusts and corporate bonds, either directly or by switching income ISAa to equity ISAs. I expect income shares to continue rising. Falling interest rates and bond yields mean companies are having an easier time refinancing bank debt including use of direct bond issuance. (January set a record in Europe.) This means companies carrying large amounts of debt may also continue doing better in coming weeks. DCG should benefit on both counts which probably explains the recent jump. I think we'll close the gap to £3 soon and, hopefully, we'll see a maintained dividend and £4 by year-end which would be about 6% yield.

[aleman] 06/2/2009 11:52

A number of yield shares are doing well today. I think it is finally sinking in with cash holders that income shares compare very favourably with 2% interest on cash. I just wonder what has taken them so long but I suppose most cash holders are fairly conservative.

[wendsworth] 05/2/2009 12:32

Aleman: You could be right. Clearly the interim statement has been well received. As to upgrades ???.....it suits financial agencies that have bought around the 200p mark to 'sponsor' upgrades for a short term boost and gain?

I'm not prepared to throw caution to the winds for the time being and stand by my previous post at 181.

[aleman] 05/2/2009 11:24

Breakout - with a big gap up as well. Nothing between here and £3, which would put it on a similar yield to other food manufacturers.

[muffinhead] 04/2/2009 16:11

trade what you see, not what you think

[corbeta] 04/2/2009 16:10

Also, near the end of the report in today's Daily Mail (print edition),
this: Allen hinted he would think twice before taking the scalpel to the
payout, saying:"Dividends are very important things for shareholders."

[aleman] 04/2/2009 15:26

Wow! Broker upgrade?

[aleman] 03/2/2009 15:52

Grocery sales up 6.4% in 12 weeks to end January:

[wendsworth] 03/2/2009 15:10

Boffster and Aleman : Have to agree with you both.

DCG is now on my ACTIVE watch list BUT still anticipate more general downward pressure on the FTSE and DOW abnd will therefore not be buying back in for the time being.

[aleman] 03/2/2009 11:47

Sales growth has eased but the important bit at the moment is that cashflow and debt are in line with expectations. The debt in particular is expected to be in line with the last forecast so the fact that there is no more bad news should let the shares stabilise and possible even recover a touch as anyone thinking of selling at this level should already be gone.

[boffster] 03/2/2009 07:49

Encouraging statement - almost entirely positive.

[wendsworth] 02/2/2009 15:18

Aleman; You could be right BUT I prefer to wait for a trading update.

I understand your logic BUT having been a previous holder of DCG and a number of bank stocks I no longer accept ANYTHING at face value!