Greencore Share Discussion Threads

[richtea2517] 08/7/2022 10:43

Had to get a few sub 100 :)

[blackhorse23] 08/7/2022 00:19

LSE : MCB looks very attractive, revenue streaming 700 millions but mcap only 30 millions. Manufacturers & suppliers household products to Tesco , Asda & more

[richtea2517] 06/6/2022 13:57

Could rise quickly now

[kelso29] 06/6/2022 13:12

I'm guessing its shorts closing their position. I thought the trading Update was very good (with some Covid restrictions during the period), gaining sales all over the place, they just need to concentrate on the conversion into profit.

[queenbreguet] 06/6/2022 08:25

Nice rise this morning.
Something in the pipe line ???

[johnwise] 24/5/2022 15:22

epo001

Stupid comment

Greencore " not keen on buybacks,indicates they have run out of investment ideas."

epo001, Is that the same with Barclays "run out of investment ideas." ? LOL ..

Barclays shares perk up as the bank commences buyback programme?

[epo001] 24/5/2022 12:12

Robo thesaurus filtered. "forced up", "driving up", "surged", "robust", "hiked", "plausible"? Even found a dividend yield.

[km18] 24/5/2022 11:06

Greencore Group plc encompasses divisions supplying grocery and other retailers, including all of the major UK supermarkets. The firm serves customers across a range of categories, such as sandwiches, sushi, salads, chilled ready meals, soups and sauces, frozen puddings. Given the ample sources of income, revenue was forced up 33.6% to £770.8m, thus driving up operating profit to £17.2m from £0.2m. Consequently, it implied that return on investment capital surged to 4.5% from 0.6%, which in turn led to a robust EV/EBITDA of 7.45x, hence capturing intrinsic value. As a result, EPS growth hiked 56.7%, which enabled the company to pay a dividend yield of 3.6%. Subsequently, the firm generated a P/FCF of 9.0x, signifying that operating, investing and financing activities were funded effectively, leading to a conservative working capital policy. Despite the plausible financial performance, Greencore is undervalued with respect to its peers, illustrated by the low P/E of 9.5x.



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[epo001] 24/5/2022 10:55

Mkt cap £600.1M, share price £1.13 so about 530M shares issued. £50M buyback over 2 years maybe buying back 45M shares at the current price?

Granted the share price is low at the moment but not keen on buybacks, indicates they have run out of investment ideas. That money would IMHO be better spent on developing the business or simply returned to share holders.

[johnwise] 24/5/2022 07:35

24/05/2022 7:01am

RNS Number : 5191M

Greencore Group PLC H1 22 Interim Financial Report

PERFORMANCE (1)

-- Group Revenue up 33.6% to GBP770.8m, driven by strong growth in food to go and other convenience categories

-- Pro forma revenue in food to go categories increased by 48.0% year on year and was approximately 8% above equivalent pre-COVID levels in H1 19

-- Adjusted Operating Profit of GBP17.2m (H1 21: GBP0.2m), with Adjusted Operating Margin of 2.2% (H1 21: 0.0%)

-- Adjusted EPS of 1.8p (H1 21: Adjusted Loss of 1.4p)

-- Net Debt (excluding lease liabilities) of GBP219.3m at 25 March 2022, with 12-month free cashflow conversion of 71%. Net Debt: EBITDA of 2.1x as measured under financing agreements, in line with end FY21 levels, with substantial undrawn headroom on debt facilities

[epo001] 18/5/2022 12:32

Currently ranked 241 in the 250. The TU had better produce a rally otherwise there will be a buying opportunity early next month.

[richtea2517] 18/5/2022 12:19

Trading update next weekPossibly a good one Might be but the news for a change

[salpara111] 18/5/2022 12:12

Had this on my watchlist for a while, the only danger right now is technical. The current share price means that it would most likely be relegated from the FTSE 250 in a couple of weeks time at the next quarterly review. That can cause a selling spiral, the good news is that if it is relegated the share price will normally bounce back. I am currently being constantly disappointed with my shares, every time a company I own releases decent results they get marked down!

[epo001] 18/5/2022 10:19

So, buying opportunity or falling knife? Now at lowest price it has been in recent years. Is this just BlackRock selling? Any other news?

[kelso29] 26/4/2022 10:10

Blackrock has also been buying ITV.
Has Coveney left yet? I haven't seen anything about it

[johnwise] 26/4/2022 07:35

BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of January 2022.


BlackRock Buy

26/04/2022 7:00am

RNS Number : 2794J

Greencore Group PLC Holding(s) in Company

[kelso29] 07/3/2022 10:36

I'm guessing its a short attack based on wheat prices rising

[r600avo] 21/2/2022 17:52

I guess that is why he's a broker

[richtea2517] 10/2/2022 15:52

Love the Jeffries broker note to cut from 140 to 135 2 weeks ago. What a worthless pile of poo.

[kelso29] 27/1/2022 07:25

Wow, those figures are a lot better than what I was expecting.
SP should start rising now!

[buffettjnr] 22/1/2022 08:39

Plus businesses heading back into the office. Pandemic over. It’s an ideal time to take over Greencore

[kelso29] 22/1/2022 07:47

Q1 Trading Update on Thursday. Due to the extent of lockdowns, they should comfortably exceed last years figures eg 10%, and hopefully they will be similar to Oct/Nov/Dec 2019 and the share price will improve

[queenbreguet] 02/12/2021 11:03

Lets hope PE is ready to pounce