GNS GENUS...Numis starts with add rating; price target 1290p |
A pleasant little rise in the last few days - is anything happening? |
Capital growth maybe ? |
I was looking at the recent results and I guess the reason I won't be buying is the pitiful level of dividend.
I am invested in Moneysupermarket which is growing faster than Genus and is currently yielding 4.2% so I struggle to see the argument for being invested here. |
Some of the directors have bought recently at around £9.75 so I thought I'd join them this morning. It seems I was a little hasty. |
Starting too look good value now for a medium term investment. Any views out there ? |
Have been waiting for this to ease back to the £12 line.
Still not cheap but long term structural demand should provide some support. |
Yes Mirabeau thats a lot of piglets on the way. Even allowing for politician hype surely Genus will come out of it on the plus side. |
bob, the agrimoney article is a might strange. It points out the GNS direction of growing into China - the biggest pig market in the world; and into India - the biggest milk market in the world, albeit split between buffalo and cows. Then goes onto quote two numbty so called pi's that there isn't much growth potential. What twaddle. The PE may be high. But for good reason. This is a conservatively managed business with an impressive growth record - revenue, profits, and dividends. |
Interesting review from Agrimoney:
Genus deepens foothold in huge Indian dairy market
hxxp://www.agrimoney.com/news/genus-deepens-foothold-in-huge-indian-dairy-market--6493.html |
0707 GMT [Dow Jones] Goldman Sachs upgrades Genus (GNS.LN) to conviction buy from buy but cuts price target to 2100p from 2200p. The de-rating of the shares since last week's trading update creates an attractive entry point, says GS. Says the growth opportunity in porcine products in China remains intact. Over the mid term, Goldman expects sales growth to accelerate as recent investments in developing the company's emerging markets business bear fruit. Shares closed Thursday at 1284p. (michele.maatouk@dowjones.com) |
Re entry target £12 or £10 not seen the bottom yet!! |
huttonr & clintonville -- certainly the demand for consumer products such as pork will carry on rising in china and the far east baring disaster --- it's just that the share price rise of genus has really been excessive and more to do with selling the story than the fact, and extreme supply constraints and I'm grateful for that: but this type of demand always means boom and bust -- there is no middle way --- so i think the sell off will probably continue very sharply for a good while - this doesn't mean that they aren't a good company and that there isn't a market for their excellent products. I won't go short because i'm a coward but as things stand i will leave it a while before reevaluating. Good luck! |
A few comments - partly to see what other people think.
It seems to me that the share price got a bit ahead of itself during the last month or so and we have now got back to a reasonable level. Looking at the rise since January, we have had a good run and hopefully will stay around this level for a while.
The so-called Chinese slowdown looks more like a little reduction in the growth rate but the real change in demand for meat in China - pork especially - seems likely to continue as the pace of social change continues.
The company appears to be doing the right things with their current emphasis on China which will make up for a possible mild slowdown elsewhere. However, the basic selling point for Genus is the yield improvement and they do seem to be one of the market leaders here. |
The economic slowdown is'nt going to stop people eating meat. |
but what do i know? |
chinese slowdown now makes this one a big sell for me |
chinese slowdown now makes this one a sell for me |
Clintonville, see to-days IMS....head winds. |
Why is the share dropping by 3.64% at 12pm I can't find any adverse news regarding the company.Does anyone know why? |
1475p all time high print and closing figure today.
1600p target. |
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