Greencore Share Discussion Threads

[lochgarman] 16/2/2013 19:43

grizzly bear..with you there..its a perfect time to top up.

[grizzly bare] 16/2/2013 16:15

Ah well twixy if you've taken your profit then it is indeed a profit! Nothing wrong with being smug.

I think these shares are still ridiculously cheap at 92.5p and I dont see this horse meat issue lasting long.

These were at 115p not so long ago and I wonder how much of the drop from 115p to the present 92.5p is directly the result of the anticipation of and the subsequent announcement this problem.

If it is all down to the horse-meat issue then we could well be back to 115p once the dust has all blown over.

[twixy] 15/2/2013 19:46

Grizzly Bare - indeed; not often I get to be smug with my investment choices but this was a nailed on smash & grab when I saw the share price reaction this morning.

I bailed at the bell but don't dispute that we will see 100p within the coming weeks, if not days.

Good luck & enjoy the weekend.

[ivyhuang] 15/2/2013 18:58

Would not sell this anything less than 130. The horsemeat scandal is for the general food industry and would recover over time. The GNC business is genuine sound.

Some other things are more important in the near future, for example: "Third family member has 'Sars-like virus'" in the BBC news. Have a good weekend.

[grizzly bare] 15/2/2013 16:45

Well as per my post number 153 this morning we have ended right on my grizzlygraph green support line.

I'll be out after we hit 100p+ (or if my stop loss gets triggered!)... within 3 months maximum is my guess.

A nice days work Twixy. But it's never a profit until it's banked.

[twixy] 15/2/2013 16:23

Dusseldorf - It's a 6 furlong sprint for me; not expecting to make this a cross country steeplechase.

[grizzly bare] 15/2/2013 16:07

Dusseldorf ... this is about horse meat! That's why the share price collapsed to 80p at one point this morning. If the horse meat issue had not arisen this morning and an RNS issued today this share would be trading today at over £1.00.

But I agree. With all share purchases be careful, never expose yourself too much to a single share or sector no matter how inviting it looks... and indeed set a stop loss.

[dusseldorf] 15/2/2013 15:52

I'm of the view that funding, not horses is the issue here. Don't get lost in the hype around the media issue. No recommendations, but if you've 'doubled up' like some here be careful and set your stop loss - (or profit) to avoid exposure.

[twixy] 15/2/2013 15:30

Grizzly - I am sure there will be a few other similar incidents, which may or may not be reported, as Greencore will have a few suppliers in which ingredients go into multiple receipes across a few retailers. In any event, it will be forgotten very soon.

The reason this has stayed in the public domain as headline news so long is that there are just so many gags to keep social media amused; however sooner or later the newscasters will realise they are flogging a dead horse. ;-)

[grizzly bare] 15/2/2013 15:02

Twixy - inclined to agree.

Early days... nevertheless could already bank a very handsome one half day profit if so inclined. But I'm not.

I traded these earlier in the year and banked a 10p a share profit.

Unless some other 'nasty' comes out these have go to go back quickly to £1+ in my opinion.

[twixy] 15/2/2013 14:41

Grizzly Bare - 'Gift horse in the mouth' springs to mind.

[grizzly bare] 15/2/2013 14:37

Well those of us who bought this morning looking good at the moment! :-)

[twixy] 15/2/2013 12:13

and now the scramble to close shorts is happening....

[skinny] 15/2/2013 12:07

A French restaurant owner who has added horsemeat burgers to his menu said he hoped the food scandal would encourage people to become better educated about the source of what they eat.

Martin Leman, 38, who runs Chez Sophie in Knockholt, near Sevenoaks, Kent, said horsemeat had a "delicious" beef-like taste, was low in fat and packed with protein.




Paul Webb is milking Europe's latest food scandal with a recipe for horse-meat lasagne and a pledge that "There's no Moo in our Mince" on his company's website.

Webb, the director of Exotic Meats in Derbyshire, England, says sales of horse burgers, sausages, steaks and mincemeat have spiked 10-fold since the equine matter was first found in supermarket burgers last month.
He ran out of supply last weekend.

[twixy] 15/2/2013 12:06

Aleman, wllmherk - a bit like closing the stable door after the horse has bolted ;-) ...I'll get my coat.

[wllmherk] 15/2/2013 11:55

couldn't agree more Aleman.

wllm

[aleman] 15/2/2013 11:53

Wish I'd been up this morning. Just doubled my holding. Nobody is dead or ill. It's like asking for white bread in a cafe and getting brown. So what? THe food is not bad. The whole thing just shows that UK food monitoring is weak and needs tightening. The end result will probably be that food prices will probably rise a touch and you'll get a few more vegetarians. It beats me why anyone would complain about having healthier meat in their food. I've had stew made with horsemeat ; its a bit tougher and leaner so needs cooking longer - but it's otherwise just like beef and better for you! Storm in a teacup.

[wllmherk] 15/2/2013 11:36

Jumped aboard this morning too at 85p with costs. These kind of things are todays headlines, tomorrows chip paper.

wllm

[twixy] 15/2/2013 11:28

tiger 20 - Greencore supply virtually all the major supermarket chains with a mix of own label & some niche branded products. They are well respected and have a robust relationship with Asda, which stretches back decades.

In a few days, very few consumers will remember which retailer's products were affected, never mind that it was the Bolognese sauce.

In my opinion this is easy money and I have added since my initial purchase early this morning.

[cockneyrebel] 15/2/2013 11:21

Recent chart looks like a horses head imo:

[spob] 15/2/2013 11:17

you been taking horse pills or something

[buster78] 15/2/2013 11:04

There is not enough debt for this company to be a concern especially with the growth that it produces! I have been watching this for a month with interest and will buy back in next week at some point as Twixy says the reaction will blow over in a few weeks, so a great entry point around this price. imho.

[tiger20] 15/2/2013 11:01

Is it Asda they just supply or other supermarkets?

[grizzly bare] 15/2/2013 10:56

twixy - agreed. If this isn't back to £1 plus within 3 months I'll eat my Asda Beef Bolognese Sauce.

spob - I dont want to hold them. Only want to trade them. Give me my target profit (with stop loss in place)... and I'll be off!

I hear that Lidl's are introducing a cheap own brand burger to compete with Tesco's... going to call them 'My Lidl Pony' Burgers.

Will that one year green interday support line remain intact by the end of the day. We need to close at 92p or above for that to happen.