Share Name Share Symbol Market Type Share ISIN Share Description
Greencore Group Plc 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
  -0.10p -0.04% 238.50p 238.10p 238.30p 239.40p 235.90p 236.50p 2,442,847 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 1,498.5 17.8 4.8 49.7 1,064

Greencore Share Discussion Threads

Showing 1201 to 1224 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
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
09:43
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
08:40
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
19/10/2018
21:37
Marshall Wace LLP 3.10% Short 9 Oct 2018 Marshall Wace LLP 2.12% Short 17 Oct 2018
totalgeek69
19/10/2018
21:35
They will be reducing debt as well though. The share price is very depressed at the moment and imho will not be so under pressure once the share price div is returned as they are returning to the UK market only where they are already doing well. Admittedly all this is less exciting. "Reported revenue in the Convenience Foods UK & Ireland division increased by 14.3% to GBP1,438.4m" FY17 FY16 Net Debt (519.2) (331.8) EPS 1.9 9.5 The Transaction will also support a strengthened balance sheet, with up to GBP293 million to be used to reduce leverage, and a target medium term leverage range of 1.5-2.0x Net Debt / EBITDA Post-Transaction, Greencore will have a leading position in its core UK market, greater financial and strategic flexibility, and potential for dynamic capital management The shorters will most likely withdraw and cut their losses... DYOR
totalgeek69
17/10/2018
20:58
They're sh#tting their pants I guess. How many shares X 72pence?
totalgeek69
17/10/2018
19:04
Marshall wace been very active here
richtea2517
15/10/2018
23:12
https://www.ft.com/content/2cc23058-d05a-11e8-a9f2-7574db66bcd5
bingaxu
15/10/2018
15:44
They did a placing to fund the acquisition, so returning the cash back to investors. Although I agree they could have paid down more debt
hatfullofsky
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