Dairy Crest Share Discussion Threads

[skinny] 19/2/2013 07:07

Dairy Crest, the leading UK-owned dairy foods company is today announcing that it has retained its contract to supply liquid milk to Sainsbury's from February 2014, after a competitive process. The new contract is for 3 years until 2017. Although the conditions of the contract will change from 2014 our ongoing cost reductions are expected to offset any financial impact on our business.

Dairy Crest continues to focus on driving efficiencies so it can meet customers' demands for cost, quality and service. In its IMS on 7 February 2013 it reported that it was on track to exceed its annual cost savings target by delivering savings of around £23 million for the year ending 31 March 2013 and that it had already identified several meaningful projects for the following year.

[philanderer] 07/2/2013 09:27

That`ll do it for me . Sold and profit taken

Luck to all.

[philanderer] 07/2/2013 09:01

IMS......"We do not currently anticipate that any significant acquisition will be made in the near future, and accordingly we have identified a number of internal capital projects to support the continued growth of the business. We also intend to restructure our balance sheet."

[philanderer] 06/2/2013 19:54

Dairy Crest invests £1.1M in green initiative

Dairy Crest has pumped £1.1M into new facilities at its Foston site in Derbyshire to promote greener ways of working.

[philanderer] 06/2/2013 17:17

Triple top !

Frijj :-)

https://twitter.com/FRijj/status/297389877669015552/photo/1

[philanderer] 04/2/2013 23:02

'Ground-breaking milk price formula a step closer for farmers supplying Dairy Crest'

[philanderer] 29/1/2013 17:14

Lower volume but top 10 today..

FTSE 250 Risers

Svg Cap. (SVI) 3.17%
Investec (INVP) 3.11%
3i Grp. (III) 3.05%
Electra Private (ELTA) 2.78%
Smith(ds) (SMDS) 2.52%
Regus (RGU) 2.33%
Dairy Crest (DCG) 2.09%
William Hill (WMH) 2.07%
Home Retail (HOME) 2.02%

[philanderer] 29/1/2013 09:11

Photo :-)

Dairy Crest Milk & More 2004 Smiths Electric Milk Foat

[philanderer] 28/1/2013 19:22

Another big volume day today - 500k+ traded

[philanderer] 24/1/2013 15:49

Well done zc, luck to you as well.

[zcaprd7] 24/1/2013 14:00

I'm out. Juicy dividend and well over 20% gain. Good luck to everyone else!

[philanderer] 24/1/2013 13:32

Blimey, could be off again .....Interim Management Statement was feb 2nd last year.

[philanderer] 24/1/2013 12:03

Nice dividend paid into my Selftrade account this morning :-)

[philanderer] 24/1/2013 09:24

JP Morgan Caz reiterating their 'overweight' today and increasing their target price from 404p to 450p

[philanderer] 22/1/2013 23:05

Also saw my local one struggling around in the ice today - top fella :-)

[zcaprd7] 22/1/2013 18:07

Yep, saw one of their milk floats delivering to the savoy yesterday. ..electric last mile delivery is v trendy at the moment amongst transport policy makers

[philanderer] 21/1/2013 17:20

Good volume today as well.

[zcaprd7] 21/1/2013 11:17

Nice new high and approaching the three year highs

[philanderer] 21/1/2013 09:30

That newspaper tip seems to have helped :-)

[philanderer] 20/1/2013 10:07

Mail on Sunday

MIDAS SHARE TIPS: A chance for investors to cream a profit at Dairy Crest,

19 January 2013


Anyone who has bought a cut-price burger from a supermarket recently will almost certainly be wondering what was in it. The horse meat scare is the latest in a series of food industry scandals that all seem to arise when price is more important than quality.
Fortunately, Dairy Crest Group is not in that position. The company has nothing to do with meat and is keenly aware of the need for high standards at its facilities. At 4001/2p, the shares offer good, long-term value.

The firm supplies a third of the country's milk, including all that sold by Waitrose and Marks & Spencer. Sainsbury's and Morrisons – but not Tesco – are key customers, too, as well as corner shops, hospitals and restaurants. It even delivers milk to a million homes.


The company buys about four billion pints a year from farmers and chief executive Mark Allen is known for his desire to see them get a fair price.

But milk is a commodity and profit margins are low, so Dairy Crest has to work hard to deliver returns to investors and keep customers and suppliers happy. The firm has made tangible progress towards that end and Allen intends to lift the milk division's profits from about £10?million to about £30?million over two to three years.

Dairies are being merged, new machines have been acquired that process milk faster and more efficiently and the business has invested heavily in software that will ensure it transports milk more cost-effectively. The firm is doing much better with dairy products, such as Cathedral City cheddar and Frijj milkshakes.

Sales of Cathedral City have doubled over the past five years and the cheese was recently voted one of British consumers' most trusted brands – the only food in the top ten. Frijj sales are growing strongly, too, and a long-life version, which can be sold in petrol stations and other outlets with limited fridge space, was recently launched.
Dairy Crest makes Country Life butter, Clover spread and other similar products. This market is highly competitive, but Allen is merging two factories next year to boost efficiency.

The group has also launched an internet ordering service, Milk & More, using its milk floats to deliver groceries daily.

And last year, Allen sold French spreads firm St Hubert for £344?million, since when he has been looking for acquisitions.

For the year to this March, brokers expect profits of £50?million rising to nearly £60?million in 2014.

The dividend is forecast at 22p in 2013, rising to 23p in 2014, so the stock is on a yield of more than five per cent.

Midas verdict: Dairy Crest is a well-regarded food company, doing its best to maintain standards and increase profits in a tough market. However, milk prices have at least started to rise recently and the outlook is better than it has been for years. The shares should increase. Buy


Read more:

[philanderer] 17/1/2013 16:56

Little interest today , less than 90k traded.

[philanderer] 15/1/2013 16:09

15th january Shorecap 'hold'

reiterates

[philanderer] 11/1/2013 15:44

Couldn`t hold that 400p today ....Sold off on 170k traded