Dairy Crest Share Discussion Threads

[philanderer] 11/1/2013 09:09

Morning guys. Bit of a struggle holding that 400p this morning, but very low volume so far.

[zcaprd7] 10/1/2013 23:57

Special dividend. Which also means the for sale sign?

[skinny] 10/1/2013 16:48

A positive close above £4

[philanderer] 10/1/2013 16:42

Julia Glotz

@juliaglotz
Fresh foods editor of The Grocer.

Heading out of London for a day's tour of Dairy Crest's Foston and Nuneaton sites.

[philanderer] 10/1/2013 11:53

It`s through that 400p now , you may be on to something zc :-)

[philanderer] 10/1/2013 09:09

Goldman Sachs reiterating it`s 'sell' but seems to be increasing it`s target from 330p to 332p ... weird :-)

[philanderer] 08/1/2013 16:19

Nah, the way my portfolio is going so far in 2013 we`ll be back at 350p in no time ;-)

"Clover Seedburst from Dairy Crest"




"Milk production ends at Fenstanton dairy"

[zcaprd7] 08/1/2013 08:07

Forget the dividend. It's nearly there anyway. Something brewing?

[philanderer] 07/1/2013 12:12

Sure is..... add that dividend back in that was stripped out and we`re around 397p.

[zcaprd7] 07/1/2013 12:01

Eye, eye. Perky again here...

[philanderer] 05/1/2013 17:56

:-D

PHOTO 'Dairy Crest Milk Float'

Dairy Crest Smiths Elizabethan electric Milk Float Q102 KKJ.

Year of manufacture, 1994.

[zcaprd7] 02/1/2013 14:05

Holding up well considering its xdiv today

[philanderer] 01/1/2013 23:56

xd the 5.7p wednesday morning.

[philanderer] 01/1/2013 23:55

'9 site roadshow around Dairy Crest's production plants'

[muffinhead] 30/12/2012 13:48

The disposal was a once off which was used to flatter the interim basic EPS

However dig deeper, free cash flow from operations doesn't cover the dividend

[zcaprd7] 21/12/2012 18:26

Profit taking and reaction to goldmine sachs? Or fears about spending the war chest?

[philanderer] 21/12/2012 09:05

21st december

Goldmans retains 'sell' and drops tp to 330p from 364p

[philanderer] 20/12/2012 23:33

London Evening Standard:

20 December 2012

Market round-up: Dairy Crest at a high on talk of appetite for buying spree

Could Dairy Crest be looking at stocking up its food cupboard next year? That's what Investec thinks, and Nicola Mallard at the broker reckons the milk-to-cheese group could have £100 million in the kitty to feed its hunger.

Dairy Crest's shares closed at an 18-month high of 400p last night, and today Mallard upgraded her forecasts and increased her target to 420p, rating the shares a Buy.

She said the "stock has had a decent run since the release of its interim results" and the company's cost-cutting plan has convinced her to think the outlook could be better for the dairy group next year.

It survived the milk-pricing row earlier this year, and Mallard thinks it has up to £100 million to spend following the sale of its French spread business St Hubert.

"It is clearly conscious it needs to spend wisely - it is replacing earnings from a very attractive business [St Hubert] and any deal also needs to enhance the growth profile of the group, all without overpaying," she said.

The group, whose brands include Cathedral City cheese, was the subject of takeover speculation at the beginning of the year after Müller snapped up rival Robert Wiseman Dairies, but for now analysts think it is more likely to be acquirer than acquired.

[philanderer] 20/12/2012 17:41

20 December 2012

StockMarketWire.com

- Investec reiterates buy on Dairy Crest, target price raised from 377p to 420p.

[philanderer] 20/12/2012 12:06

'Milk shortage looms as farmers revolt over pay'

Farmers are warning of a possible milk and cream shortage this Christmas as blockades continue at some of the UK's largest dairies.

Members of the Farmers for Action (FFA) group are holding protests over the amount that farmers are paid for their produce. Farmers are now intending to force dairies and supermarkets to return a larger portion of the shop price back to the farms.

Muller Wiseman in Droitwich, which is the UK's biggest dairy and produces two million litres of fresh milk per day for Tesco, Sainsbury's and the Co-op, was one of the first to hold a blockade.

Arla dairy at Stourton, Leeds is also threatening to close operations down temporarily.

[zcaprd7] 19/12/2012 23:26

Awesome. Was waiting for the dividend before making a call on selling. Quite happy to hold to 4.20 resistance?

[philanderer] 19/12/2012 20:29

zcaprd , there`s your 400p :-)

[philanderer] 18/12/2012 23:50

Yep, it`s dug my portfolio out of a deep hole too, a badly timed purchase of Randgold being the main culprit :-D

[sludgesurfer] 18/12/2012 21:27

Topped £4 intraday. This has been a cracker of late. It was John Lee in the FT that put me on to these. One of my shining lights in 2012 - cheers John.

[philanderer] 18/12/2012 17:07

Dairy Crest Rises to 18-Month High on Prospects: London Mover

December 18,

Dairy Crest Group Plc (DCG), the U.K.'s biggest milk and cheese producer, rose for a fifth day in London on prospects of improved profitability in 2013 and acquisitions of branded food products.

The shares gained as much as 1.4 percent and were up 1.50 pence at 393 pence at 11:29 a.m., matching the longest rising streak in two months. Dairy Crest has advanced 11 percent since it said Nov. 8 that it was ahead of its annual cost savings target of 20 million pounds ($32 million).

The maker of Cathedral City cheese completed the 430 million-euro ($567 million) sale of its French-based St Hubert spreads unit in August. It hasn't yet spent any of the proceeds, which it said would be focused on acquisitions in the U.K.

"They have won a few friends by being cautious redeploying some of the money from the sale of their French business," Charles Pick, an analyst at Numis Securities Ltd with a buy rating on the stock, said in a telephone interview. "Their dairies are showing signs of improvement off a dire base."

Dairy Crest, based in Esher, England, trades 47 percent below its peak reached in July 2007. The shares are still trading at a 14 percent discount to other medium-sized U.K. food producers, Damian McNeela, an analyst at Panmure Gordon & Co. with a buy rating on the stock, said in a telephone interview.

"People got very concerned about the level of profitability within its dairies division earlier in the year," McNeela said. "It still looks reasonably cheap versus the rest of the sector."

Dairy Crest might consider returning to the yogurt business, after selling its 49 percent stake in its Yoplait venture in 2007, according to Pick.

The company, the U.K.'s only publicly traded dairy firm, is targeting a 3 percent margin on milk sales. It may be willing to end some supply contracts with customers including schools, hospitals and caterers to maintain profitability, Pick said.