whats a Neil Woodford type share? |
Anything that cites U.K. summer weather as being a large factor is pretty fxkt….this is like worth 1.80-2 quid a share. It’s a Neil Woodford type share. |
£28 to £7.50 over three years.
‘Hope’ over ‘reality’;? |
brand no longer holding its premium spot.
try the 5 star london hotels and the stock is not around.
My view is this is a short and seriously overvalued
tiger |
Must admit not keen on one product companies that also rely on good weather. |
Jefferies cuts Fevertree Drinks price target to 800 (1,000) pence - 'hold' |
Questor tip
Like Terry Smith, we’re keeping hold of this underperformer
Investors need to be patient but Fever-Tree’s strategy will come good |
Takeover potential |
Still don't understand why this is still over £8 ? Bizzare, what am I missing. |
And voila - £7.80 it is. |
Goldman Sachs cuts Fevertree price target to 780 (1,050) pence - 'sell' |
Deutsche Bank cuts Fevertree Drinks target to 1,325 (1,450) pence - 'buy'
A bit of a disconnect with the DB target and the share price |
Umm as James Henderson famously said you can't put a soufflé back in the oven .....more profit warnings to come on near 3x sales it is expensive and the only hope is a takeover but it could be longer ...it has a brand position and distribution qualities an end user like Pepsi might well want but I think they'll bide their time .... |
Hi CTYep poor numbers indeed, still there's hope for growth to return but now there's too much expectation already baked into the price IMO. Rev growth virtually halved, so circa £380m, even going on H1 margins that's only about 15p adjusted eps for the year, being optimistic and their margin keeps improving its 20p tops, a PE of 39x to 52x is hot for a business thats just issued a profit warning (some seem to have glossed over that!), that's ratings akin to when it was achieving 50%+ growth in earnings. Which I'm sure at some point will be repeated, so I'll keep watching.Hope all is well. |
FWIW :-
JPMorgan cuts Fevertree Drinks price target to 900 (1,090) pence - 'neutral'
RBC cuts Fevertree Drinks price target to 1,000 (1,200) pence - 'sector perform'
Peel Hunt cuts Fevertree Drinks price target to 650 (700) pence - 'reduce' |
 Fever-Tree commits to London listing as shares hit 8 year low
A dismal start to the British summer takes shine off sales at the mixers group
Announcing first-half results, the company lowered expectations for annual revenue growth to 4-5%, from a previously guided 10% in March. Fever-Tree also cut its 2023 annual forecast at the same stage last year by 15% and took a £3.3m hit on its US division from a production issue. The update sent shares in Fever-Tree down by 100p, or 11.6%, to an eight-year low at 762½p on the Aim index. The stock remains well below the highs of almost £40 achieved before the pandemic and cost-of-living crisis shuttered pubs and wallets.
In the first half, Fever-Tree reported a 2% increase in revenue to £170.6m, with the UK down 6% to £50.9 million and Europe down 12% to £44.5m. The US was up 7 per cent to £60.3m, and revenues for the rest of the world were 57% higher at £14.9m. Underlying earnings in the first half jumped by 79% to £18.2m, and the company declared a dividend up 2% at 5.85p per share. Warrillow, 49, who remains chief executive, said that the situation had improved strongly “as summer belatedly arrived. Whilst the first half was challenging, we are controlling the controllables. We’re optimistic of an acceleration of growth across the second half of the year and have seen a much more positive trading performance in July and August.”
“Fevertree is doing the right things, gaining share and delivering on gross margin recovery, in a difficult market,” Investec analyst Matthew Webb said.
Complete article:
No position but onto my watchlist. |
An interesting watch, I am looking to replace BVIC now bought out by Carlsberg, could FEVR become the next target for a bigger player and more MnA..? 10% off yesterday and could continue south with the revised outlook..? |
This is now ex growth, christ knows what its doing up at these silly levels, needs to fall at least a further 75% |
Disc0
Poor numbers and stock leaking into trade at big discounts.
I didn’t fancy this and some ( not you) gave me some stick.
Worse to come as Europe is now in decline.
Still a massive premium and unless a bid comes it will go cheaper.
Be careful out there.
Tiger |
You're not alone. Still expensive on price to earnings but the brand is strong and the selling and distribution synergies would be huge to a larger player. |
I bought a few today for take-over opportunity - stronger brands than Britvic - but I could be wrong (usually am) |
Posted a while back that it's the potential improvement to gross margins that's the lure here for me, along obviously with US growth.They have increased gross margin by 5% to nearly 36% but still some way off from their historical high of 55%. The US growth though isn't too impressive IMO and now they've cut their total revenue forecast growth for the year to 4%-5%, virtually 50% less than their previous guidance - so despite the positive headline spin this is a profit warning.Still like the business but the growth now looks iffy for the rating / expectations. Also concerned about the potential taxes the new government may impose or increase - glass, sugar (SDIL).Will keep watching. |
Remaining on the watchlist. |
14 p eps x 12 at most ! 168p ! |
Punchy valuation. Growth repricing. |
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