Greencore Share Discussion Threads

[skinny] 18/2/2013 10:31

Panmure Gordon Buy 98.63 92.50 110.00 110.00 Upgrades

Oriel Securities Buy 98.75p 130.00p 130.00p Reiteration

[grizzly bare] 18/2/2013 09:00

Well so far so good :-) Dust blowing over very quickly for GreenCorp on the horse meat issue as I expected.

[nw99] 18/2/2013 08:33

I don't think we will see highs but could easily and very quickly retrace to 105

[cheaky monkey] 18/2/2013 08:13

Bought in today, expecting to see a nice steady rise back to previous area within days.CM

[nw99] 18/2/2013 07:53

Good news they have the all clear and checked quickly.

[grizzly bare] 17/2/2013 13:33

Twixy - that trading update from Asian Citrus looked worrying!



I see full results due on Tuesday 26 Feb.

I shall watch with interest.

[grizzly bare] 16/2/2013 21:57

Ok twixy will do...but I think the upside potential for another quick 10% here is strong!

We may drop again back but I think 100p in the next week or two is a good chance ... if not I'll just hang around for 2 or 3 months!

... fingers crossed lochgarman!

[twixy] 16/2/2013 20:06

Grizzly Bare - if you are looking for food specific stocks, I would suggest research ACHL a little, if you are not already familiar with them. I believe the upside potential is greater than here and they have more cash than they know what to do with.

[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.