Greencore Share Discussion Threads

[kelso29] 01/10/2023 08:35

Nice uptick Friday afternoon, I'm guessing due to reaching an agreement over the pay dispute.
The company's year end was Friday, so there will be a post year end trading Update next Friday or possibly the following week. As long as its not negative the share price should improve.
Also we should get confirmation that the sale of Trilby Trading Ltd was completed by the year end.

Does anyone have any further information regarding the old Irish Sugar land banks (Carlow and Mallow) eg are they worth 10m/100m?
Thanks

[blackhorse23] 18/9/2023 12:45

Block buying of 500k share few times

[blackhorse23] 08/9/2023 14:28

Looks very cheap

[kelso29] 02/9/2023 12:51

The 3 lots of buybacks to date totalled 43m shares and cost £35m at an average of 81.4p. In November 2020 the company did a placing of 80m shares at 112p. So the company has made £13m profit from the 3 lots of buybacks to date.
There is £15m remaining to be returned to shareholders and I'm thinking it will be a dividend rather than further buybacks as I think the share price will be over 100p in Oct/Nov

[richtea2517] 18/8/2023 08:23

Great business this Value slowly being unlocked

[richtea2517] 15/8/2023 08:16

M and S food flying

[richtea2517] 08/8/2023 10:46

Strong uptrend now regardless of markets.Can see it breaking a pound shortly

[blackhorse23] 08/8/2023 09:48

Bought some CURY & NCC today

[kelso29] 30/7/2023 07:19

The last remaining short, GLG partners, is running for the hills. 1.09% before the update, then 0.92% end of Tues, 0.84% end of Weds and 0.79% end of Thurs. They will probably go below the 0.5% reporting threshold next week.

Still over £3m buybacks to do.

The sale of Trilby Trading Ltd (gross assets e23.3m, profit e2.9m) for e9.8m doesn't make sense at first glance, but i have faith that the BOD know what they are doing. Completion is due in September, so debt will be lower by the company's year end.

I'm thinking it is only a question of time before the share price goes above 100p again, definitely before Christmas (after full year results) or maybe in October (after year end trading Update) or maybe sooner.
IMHO

[sundan] 25/7/2023 18:35

Sandwich maker Greencore will meet annual expectations
Today at 06:10 am
Share
Greencore Group PLC - Dublin-based maker of convenience foods - Revenue in the 13 weeks that ended June 30, Greencore's financial third quarter, is GBP495.4 million, up 1.9% from a year before. Greencore says the annual increase was 9.3% when applying constant currency rates and excluding an extra week from the year-earlier period. Within this, food-to-go revenue was GBP335.3 million, up 0.6% or 8.1% pro forma, and other convenience food was GBP160.1 million, up 4.7% or 12% pro forma. Greencore says revenue growth was driven by inflation cost recovery, underlying volume growth, and new customer wins.

Greencore will report financial 2023 results on November 28. It expects these to be in line with current market expectations of GBP70.0 million in adjusted operating profit. This would be down slightly from GBP72.2 million in financial 2022. The second half of the year is expected to show profit and cashflow progression over a year before, however.

"The food-to-go category remains hugely relevant to consumers as they contend with the cost-of living crisis," says Chief Executive Officer Dalton Philips, adding: "Our priority in the near-term is to rebuild profitability and returns to create a platform on which to build for future growth."

Current stock price: 86.80 pence, up 2.5% in London on Tuesday

[richtea2517] 25/7/2023 17:41

Follow through tomorrow and 100p by Friday Nice

[kelso29] 25/7/2023 07:47

Good update, can't see any negatives, so hopefully the share price will go up today

[richtea2517] 20/7/2023 08:54

Overbought I mean

[richtea2517] 20/7/2023 08:54

Think it needed to consolidate RSI oversold Just taking a breath I think Which is healthy

[kelso29] 20/7/2023 07:34

Yesterday was a bad day, considering how well other shares performed. Not sure if it was due to the increase in wheat prices due to the Ukraine deal ending was a factor or something else?

[richtea2517] 12/7/2023 08:46

Todays the day ; )

[kelso29] 12/7/2023 08:37

88p looks to be a resistance level, hopefully we will break through it after Mondays attempt

[queenbreguet] 10/7/2023 09:23

Um some decent movement in the share price today. Something is afoot given the recent rally

[kelso29] 09/7/2023 09:55

Yes, I think the stars are in alignment.
Last week the share price went up 11.7% when the market took a dive.
On Friday it was disclosed that MS increased their physical share holding from 4.73% to 5.96% on 30/6.
On 5/7 there was big volume of over 6m, so I'm expecting another RNS soon.
The company still has another £6m buybacks to do.
Quarterly update on the 25th

[richtea2517] 08/7/2023 14:25

Breakout ahead ; )

[blackhorse23] 06/7/2023 16:35

Bough 888 holdings

[blackhorse23] 06/7/2023 11:31

Directors buy giving buyers confidence

[kelso29] 02/7/2023 14:05

Large volume on Friday, around 1.30pm there were 5 large trades described as Sells all at 73.0p totaling 2426k. share price didn't move, so the sales could have been earlier in the week but were declared on Friday. Hopefully the seller will finish soon.
About £7m of buybacks still to do.

[blackhorse23] 30/6/2023 15:48

Excellent directors buy

[blackhorse23] 26/6/2023 22:54

One of profitable stock to buy