Greencore Share Discussion Threads

[deanowls] 09/11/2023 17:52

It’ll react positively to the m+s results.

[blackhorse23] 09/11/2023 14:18

New dividend announcement on 28th , will be another hike

[richtea2517] 08/11/2023 16:45

Nice move today

[richtea2517] 27/10/2023 09:34

Little top up here target 120

[blackhorse23] 16/10/2023 11:51

100p by Friday

[kelso29] 15/10/2023 06:30

Well that was a great week, up nearly 20p. (Alternatively the share price is back to where it was 2 months ago, before the slide back for some unknown reason?)
Next week we should push into the 90's.
Companies do buybacks when they consider that the share price is significantly below the companies true value, in greencores case the buybacks first started on 26 July 2022 the share price was 107p, so there is plenty more upside here.
If the company could get the first half of the year as profitable as the second half then the share price should go back to pre Covid levels eg 270p.

[richtea2517] 13/10/2023 17:16

Sweet rise into the close

[blackhorse23] 13/10/2023 15:07

Bought some today

[blackhorse23] 13/10/2023 13:14

This new 15m buy back , will bring this shares to over 100p

[richtea2517] 10/10/2023 15:18

Rally into close or day traders exit Let's seeEither way a nice day

[kalai1] 10/10/2023 13:35

Greencore Group plc issued a trading update for Q4 and the full year ended 29 September 2023 this morning. Group pro-forma revenue was 4% up year on year in Q4, with FY23 Group pro-forma revenue growth of 13%. For FY23 the Group anticipates adjusted operating profit will be ahead of current market expectations and in a range of approximately £74m-£76m, which would be up significantly from the statutory operating profit of £52.1m recorded in FY22. The balance sheet remains solid, valuation also looks very attractive with forward PE ratio at 7.0x top quartile for the sector, PEG ratio at 0.3x is even better ranking GNC 2nd best of 23 names in the Food & Tobacco market. Share price lacks longer run positive momentum, but has notably spiked up 25% on today’s release. The consumer defensive name could also well outperform more cyclical sectors of the market as the UK economy slides into recession and is well worth owning at current levels for the long run. BUY...

...from WealthOracle

[blackhorse23] 10/10/2023 12:49

Bought some WJG today

[trader465] 10/10/2023 12:00

How do you know there’s a large buyer?

[forethought] 10/10/2023 11:56

Well, we know for sure there's a large buyer.

[epo001] 10/10/2023 11:56

Back to where we were about a year ago. I'd like to be back to where we were about 2 years ago and a divi restored.

15% reduction in debt is welcome but it would have even been better if they reduced debt further rather than doing share buybacks.

[richtea2517] 10/10/2023 11:31

lolIt's not dropping today

[forethought] 10/10/2023 10:35

Yep. Can see 120p soon enough.

[blackhorse23] 10/10/2023 08:58

100p is coming

[elsa7878] 10/10/2023 07:59

The Group is selling Trilby for cash consideration of approximately EUR9,800,000

[chelseamann] 10/10/2023 07:52

nice update....it didn't appear to state how much they sold Trilby for

[kelso29] 10/10/2023 07:36

Great update, debt way down.
Buybacks starting today (last year it was at full year results).
Also is the door left open for a year end dividend?
Should kiss good bye to the 60s today

[richtea2517] 10/10/2023 07:18

CEO under promising and over delivering. Way better.

[deanowls] 05/10/2023 10:44

Thought Gregg’s statement would lift this higher?

[blackhorse23] 04/10/2023 23:04

One of best stock to buy

[kelso29] 03/10/2023 04:47

I've just read that Mallow (145 acres) is on the market at 2.2m euros. I'm guessing that Carlow is similar.