Greencore Share Discussion Threads

[lbo] 10/2/2009 22:25

supermarket data show that sales of convenience meals were down more than 16 per cent.

[lbo] 02/2/2009 20:28

Greencore deficit hits €68m

[lbo] 19/12/2008 16:30

Is it a bit of coincidence that Greencore and now Anglo have accounting scandals and on both boards sat Sean Fitzpatrick?

[lbo] 15/12/2008 13:37

Premier Foods in talks to raise capital



Premier Foods, Britain's biggest food maker, is in talks with investors and other parties about a cash injection to help cut its debt, it said today.

[lbo] 15/12/2008 11:21

Exporters suffer double whammy as sterling hits record low against euro

[lbo] 12/12/2008 14:40

Learning to box clever for lunch



Bringing your own food to work - whether it is a sandwich or something more exotic - is a surefire way to trim the fat from your expenditure as these financially challenging times begin to bite

THE LUNCHBOX IS back and packing a punch. Bringing Your Own Lunch (BYOL), or brown-bagging as they say in America, is the latest way to beat the credit crunch and save on daily expenditure.

Dunnes Stores' home-storage sales, which include sandwich-boxes, are up an average of 57 per cent year on year from October 2007 - a clear indication that people are already trimming the fat on their outlays

[lbo] 12/12/2008 14:36

Yes but the biggest shareholders got into trouble. First the Icelandics and now Liam Carrol. Add in the collapsing sterling, Food scares and a squeeze by the big multiple customers and the fact that the property is now worthless and you wonder how they can repay the huge debt in Greencore. I cant see customers buying sandwiches for prices which they could make enough for the week themselves. I recently saw that lunchbox sales are going through the roof! How long before the Divy goes up in smoke?



Danninger charge on Dublin offices

Danninger, the property firm of developer Liam Carroll, has created a charge with Bank of Ireland against properties his company owns in Dublin occupied by the Commissioners of Public Works. Danninger has approval for a €24m, 10-level building on Dublin's quays

[lbo] 07/12/2008 18:18

Britain warns consumers not to eat Irish pork

[lbo] 03/12/2008 17:38

Examiner appointed to Swissco Ltd



The High Court has confirmed the appointment of an examiner to Swissco Ltd, which produces chilled ready meals, employs 125 people and is said to have a reasonable prospect of survival.

Mr Justice Peter Kelly yesterday confirmed David Carson of Deloitte as examiner to the company, which operates a manufacturing plant at Little Island, Cork.

Swissco is part of a group of companies comprising Cresset, a wholly owned subsidiary of International Cuisine Ltd, which is owned by Singapore Food Industries Ltd. Its Irish customers include Superquinn, Musgraves and Cuisine de France.

[lbo] 03/12/2008 17:34

Greencore traded as low as €0.91 during the day but rallied towards the close to finish on €0.94, a loss of 1 cent. One trader said that market participants believe that property developer Liam Carroll will dispose of his 29.5 per cent stake in the sandwich maker despite his statements to the contrary.



Having paid €246.8m for his stake of the food group Greencore at around €4.18 per share, the value has now plummeted by €62m, to 98c a share -- a €186m loss.

[lbo] 26/11/2008 17:54

Talk of another block of shares for sale in the market. Perhaps that sums up how Mr Carrol feels about his losses and its future!

[lochgarman] 25/11/2008 12:27

profits fall tis well and truely in the share price.

i wonder how liam carroll feels having paid 3.50 to 4.00 per share. poor chap lol

[lbo] 25/11/2008 11:10

Greencore Group reports fall in annual profits

[lbo] 12/11/2008 10:56

A LITTLE over a week ago, Eircom appointed a new chairman, Ned Sullivan. He is a highly respected businessman. He has, however, been rather unfortunate of late. His three main directorships are at food group Greencore, builder McInerney and Anglo Irish Bank. None of them has, shall we say, performed in a manner that suggests the possession of a Midas touch.

Greencore suffered a major fraud at a Scottish subsidiary, costing it more than €20 million. The company's share price in January was €4.63. Yesterday it was €1.28.

In August, McInerney posted an interim pretax loss for the first half of the year of €54 million. Its shares were worth €1.39 in January. They can now be picked up for 25 cent each. And Anglo Irish Bank, as everyone now knows, was at the leading edge of property-based lending and is painfully exposed to the consequences of the crash. Its shares were worth €17.56 in May 2007, €8.61 in January this year and €2.15 yesterday.

I am not, of course, suggesting Sullivan is personally responsible for any of these disasters. But if you'd followed the principle adopted by some punters of backing all the horses ridden by a favourite jockey, your returns on Ned Sullivan would be somewhat disappointing. If you'd bought 100 shares in each of Greencore, McInerney and Anglo Irish Bank last January, it would have cost you €1,463. You'd now have assets worth €368

[lochgarman] 06/11/2008 12:29

i still cannot believe i got to buy these at €1.22

the world is gone truely mad!

[lbo] 29/10/2008 11:33

Uniq hit by contract worries

[lochgarman] 27/10/2008 20:16

time to buy a big chunk of these...

truely ridiculously low share price :-)

and all that property to boot just sitting there!

[lbo] 20/10/2008 21:17

Liam Carroll, the property developer with stakes in Greencore, Aer Lingus and Irish Continental, who has lost €282m.

[lbo] 07/10/2008 13:28

Greencore shares fall after stake disposal

[nscap] 26/9/2008 12:28

KPMG report shows clarity in all units. This will not be reflected in a single announcement. I think as a result there'll be a take-over offer very soon for GNC.

[nscap] 24/9/2008 12:57

Space

In fact, with 8 director purchases and 7 institutional buys in the last 5 months.

The biggest reason behind the price drop was the dodgy managers concealing cost items in their mineral water unit. The price dropped given that the market expected such inefficiencies to manifest in other sectors. This was not the case. Directors have been buying because they know that the fall was unjustified. At the currect price, it's a definite buy!

[nscap] 24/9/2008 11:43

Spread isn't really that wide to be honest? I only invested because of the fact that GNC is a potential target but not too sure a t/o will happen so soon especially in the current funding market.

[space cowboy] 24/9/2008 08:52

NS, definitely bakkavor (imho). Notice the recent enhanced spread. It wouldn't suprise me to see a bid this week.