Greencore Share Discussion Threads

[creditcrunchies] 29/11/2022 13:25

They did the same to Wickes for what it's worth they came out with strong numbers they mentioned caution about inflation they pushed the share price down to 115 then weeks later rallied to 145.

[totalgeek69] 29/11/2022 12:29

I'm not invested here but find this company very interesting to follow. Results are as expected they appear to be mitigating inflation fairly well without damaging their profit margins too much. The markets are obviously negative on this but for no great reason. Sooner or later this will be going back up. Just not now it appears. Noted the lack of Dividends are a disincentive but share buyback should help to keep it stable around here. IMHO dyor.

[creditcrunchies] 29/11/2022 11:16

Oh dear they mentioned inflation so they jumped on it. All it said in the report is they were being cautious about inflation which is basically every business in the UK is.

[creditcrunchies] 29/11/2022 11:12

Analysts don't like positive results if it's doing well in the wrong sector it has to follow their narrative

[blackhorse23] 29/11/2022 08:16

Best cyber Monday deal at CURY (LSE) , source: independent newspaper. https://www.independent.co.uk/extras/indybest/black-friday/currys-black-friday-deals-cyber-monday-best-sale-2022-b2233839.html

[blackhorse23] 29/11/2022 08:07

No dividends??

[kelso29] 29/11/2022 07:48

Well,the results really are at the lower end of their guidance. But the £15m buyback starting today should stop the shares sinking any further. Hopefully a dividend will be announced at H1.
Saying that the results are good compared to last year when the share price was a lot higher,so maybe we will tick up from here.

[kelso29] 26/11/2022 10:10

FY results on Tuesday (hopefully better than the trading Update on 11 October). The key to share price movement is what the BOD say about post year end trading and the promised £50m return to shareholders (of which £10 has already been done by buybacks). I'm guessing another £10m of buybacks starting Tuesday, an interim dividend of 2p (£10m payable July 2023) then a final dividend of 4p (£20m payable January 2024).
Anyway it looks like we have turned the corner, the question is how long will it take to get back up to 100p?

[richtea2517] 16/11/2022 14:56

They have wound this short down very quickly so I'm watching and waiting

[kelso29] 16/11/2022 10:11

GLG partners are continuing to quickly reduce their short, by another 0.23% on Friday 11th and 0.28% on Monday 14th to leave 1.17% left.

[richtea2517] 10/11/2022 15:16

Lift off Hopefully

[kelso29] 10/11/2022 09:12

GLG partners are quickly reducing their short, 0.21% on Mon 7th and 0.51% on Tue 8th, to leave 1.68% left. They have made good money on their short, but hopefully this means that they think 66p is the bottom.
There is one other declared short (over 0.5%) at 0.88%.

[epo001] 05/11/2022 10:38

Did a search on Investegate for GNC holdings announcements. This is the only one from Morgan Stanley (ie with keyword Stanley), there have been lots from JP Morgan (around 6% held). Presumably a T/O might also be signalled by the shorters clearing off.

[kelso29] 05/11/2022 04:03

Debt is less than £200m.
Full year results are announced on 29 November (there was an update on 11 October).

Morgan Stanley have just declared that they have acquired 8.15%. Is a takeover coming?

[elsa7878] 04/11/2022 15:10

The rest of the sector. Bakkavor, Premier, Finsbury seem to be on PE's of 9 plus...so why is this so lowly rated in comparison. Debt?

[elsa7878] 04/11/2022 15:07

Disclosed positions in GREENCORE GROUP PLC (GNC)
Fund % short change Date changed
GLG Partners LP 2.40% 0.10% 13 Oct 2022
TT International Asset Management Ltd 0.88% 0.15% 15 Sep 2022
Total 3.28%

[epo001] 04/11/2022 14:29

Not listed on shorttracker. Have just put in a limit buy at 60.5p, I can ponder this over the weekend.

Edit: I stupidly looked up wrong epic on shorttracker, of course it is there ;-(

[richtea2517] 04/11/2022 13:14

Chairman bought 100k at 78p recently.It's clearly has had the sh*t shorted out if it but risk reward seems good here.

[elsa7878] 04/11/2022 10:23

Seems very cheap at 7 x 2022 earnings and 6 x 2023. Inflation is clearly an issue as are 2 funds short 3.3% of the float....but surely most of the bad news must be in the price. Any views? NB I am not as yet a shareholder.

[blackhorse23] 01/11/2022 08:41

Just reading a article, CURY top FTSE250 revenue earner at board

[blackhorse23] 01/11/2022 08:36

Meal deal only 3 pounds lol

[totalgeek69] 21/10/2022 18:43

Still way cheaper than a Big Mac so people will still be buying as before I expect. And14pc increase will cover some of Greencores increased costs...

[totalgeek69] 21/10/2022 18:40

BBC News - Tesco raises meal deal price as food costs soarhttps://www.bbc.co.uk/news/business-63346320