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Share Name Share Symbol Market Type Share ISIN Share Description
Greencore Group LSE:GNC London Ordinary Share IE0003864109 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.10p -0.57% 190.90p 189.50p 192.40p 193.80p 190.35p 191.50p 12,502,441 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 1,498.5 17.8 4.8 39.8 1,349.62

Greencore Share Discussion Threads

Showing 1201 to 1224 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
17/1/2019
15:12
Yep agree. I won't be.
richtea2517
17/1/2019
14:23
Why would you tender when the current price is nearly £1.95 which would leave you without any shares as well
tigers1975
17/1/2019
10:42
Depends on the balance left from the 507 million after those taking part have tendered I believe
richtea2517
04/1/2019
10:41
If you don't take up the tender offer do you get a special dividend and when ? Haven't received anything through the post yet
tigers1975
02/1/2019
22:21
harry - as you live underwater you are easily forgiven. 1) you can probably only sell some (not all) of your shares at £1.95 and 2) the price at which the shares will trade after the buyback is unknown
sleepy
02/1/2019
16:59
please forgive me if i'm being thick. i can sell my shares (currently £1.80) at £1.95 to the company. couldn't i then immediately buy back the shares on the open market at c.£1.82 and make an immediate profit, or will the market re adjust to close that gap? finally if i did that would i miss out on the special dividend?
harry the haddock
20/12/2018
10:01
Wish I could help RichTea. I am sticking with my shares and going long. Depends how the tender offer goes but if it is fully taken up then the PE will be reduced quite considerably and net debt will be alot lower as well so the fundamentals of investing in Greencore will have changed. PE roughly 11 Yield roughly 3-4% Net debt /EBITA : 1.5 - 2.0 targeted From FY18 Statement - Capital management At the end of the financial year the Group's Net Debt:EBITDA leverage as measured under financing agreements was 2.3x. The Group was well financed with committed facilities of GBP728.5m at the end of the fiscal year and a weighted average maturity of 3.6 years. The Group plans to enter into discussions with its lenders to refinance its existing debt agreements in the first half of FY19, taking into account the return of capital to shareholders. Following the disposal of the entire US operations and the related return of capital to shareholders as noted above, the Group is committed to focussing on dynamic capital management, balancing the ongoing strategic and investment needs of the Group, leverage reduction, returns to shareholders and a progressive dividend policy. In this context the Board intends to target a leverage ratio of between 1.5x to 2.0x Net Debt to EBITDA (as measured under financing agreements) over the medium term. Managing to within this range will enable the Group to make organic and inorganic investments that fit with the Group's strategy and/or return further cash to shareholders in an efficient manner, whether through dividends or other forms of return of value.
totalgeek69
20/12/2018
09:36
So what is best policy here / can someone summarise /hypothesise
richtea2517
20/12/2018
09:04
Looks that way. What ever is left over if the full tender offer is not taken up is returned to shareholders as a special dividend added to the 3.37p normal dividend on 7 Feb.
totalgeek69
20/12/2018
08:46
So how does it work now? Special dividend on Feb 7
richtea2517
12/12/2018
13:30
It is still a long way off... 2nd Quarter 2019.... They are doing a tender offer first.... Then the remainder will be a special dividend.
totalgeek69
12/12/2018
12:38
Does anyone know when the ex dividend date is for the coming up special dividend? Thanks.
bingaxu
11/12/2018
11:43
Yes.. That is correct...
totalgeek69
11/12/2018
11:40
Just asking. Am I correct in assuming payment for sale of US business is in $. Therefore, will there be a currency gain that lifts value on completion?
reels
11/12/2018
09:00
IMHO - Basically the shorts were placed last spring based on mounting debt due to the company looking to get into the US market and the issues they were encountering adapting the US business. As the company has now left the US Market and the debt will be reduced the shorters are backing off...
totalgeek69
10/12/2018
18:24
Shorts down to lowest in a long time - wonder why?
richtea2517
08/12/2018
18:55
First quarter of calendar year 2019
des31
07/12/2018
11:51
2nd quarter 2019 for the special dividend
totalgeek69
07/12/2018
09:58
Anyone know timescale for dividend from this point
richtea2517
26/11/2018
19:09
Has anyone looked at how are the EPS and PE likely to be affected? Did the US subsidiary provide 32% of earnings and profits which is about the expected reduction in share capital. My quandary is I am happy with my holding size and 2/3 of that is a bit small so if I want to continue to hold GNC then do I scale up before or after the special dividend? I suspect dividend reinvestment will be the easiest course of action.
epo001
26/11/2018
17:27
Decisions... decisions.... Makes no odds I would say... Sorry that isn't very helpful.
totalgeek69
26/11/2018
17:01
Are people hanging on for the special divi or not? It seems that the share consolidation is intended to reduce the value of my holding by the amount of the special divi. I hold GNC in an ISA so I have no tax considerations but will have a markedly smaller holding after consolidation. Should I just scale up my holding now to get some back as a divi and end up with my preferred holding size? Or should I wait for the ex divi price drop and top up then?
epo001
22/10/2018
08:43
Think a final shake out before steady rise. I think. Although many forces at work will ensure it probably won't be that steady...
richtea2517
22/10/2018
07:40
Looks like at long last shorters are starting to lose their appetite over GNC. Big drop in shorts over the past fortnight, down from 9.88% to 5.77%, the lowest level seen in 10 months.
bend1pa
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