Greencore Share Discussion Threads

[blackhorse23] 04/3/2024 20:17

Questor says: buyTicker: GNCShare price at close: 102.4p

[philanderer] 04/3/2024 15:02

Tipped by Questor in the DTelegraph

[blackhorse23] 03/3/2024 22:32

Manufacturing for Costa coffee:Exciting news! We're thrilled to announce our new collaboration with Costa Coffee, as our new delicious cold eat sandwiches and wraps hit their shelves today!  

[blackhorse23] 29/2/2024 12:29

All major retail chains are their clients including mark & spencer , Tesco , Sainsbury's, Greggs,Lidl etc . SOLID BUSINESSES MODEL

[blackhorse23] 29/2/2024 12:27

If Costa is their new client it will be another few 100s million boost of revenues

[richtea2517] 29/2/2024 11:23

New collab with Costa according to their social media : )

[blackhorse23] 26/2/2024 02:46

I believe this will go over 200p after next results

[forethought] 25/2/2024 19:36

I think we'll see 110 before we see 90.

[blackhorse23] 25/2/2024 14:08

Not necessarily works that way. Company already bought back around 60 million shares so very limited floating left in market. group profitability better than before & Going up 10% each year YTY basis. Likely go up slowly and meantime new news about dividend & share buy back. HENCE all directors are buying heavy at this price

[pete long term investor] 25/2/2024 12:05

Why did Greencore shares drop after buybak ended ? Its the swimming naked, tide going out effect, or something similar. By. Not paying a Dividend Greencore was effectively swimming nked (no dividend, so less investor interest). Share buyback ending removes artificial spport, i.e. the tide goes out, revealing a naked company with no dividend, and so with no arificial buoyancy the share price falls. Entirely predictable.

[richtea2517] 25/2/2024 10:08

Good data KelsoBut the business is in much better shape now with forward looking visibility showing solid return to profit and wider economy looking less volatile. In theory anyway. If it goes back to 90 i will add.

[kelso29] 25/2/2024 07:54

Deanowls
I think you are being optimistic if you think the share price will drop back to only 95p. Last time a buyback finished was 24/8/23 with the share price at 82.7p, 6 weeks later 9/10/23 the share price dropped to 68.75p. So I think sub 90p is more likely.
I don't know why shares drop after a buyback ends, I'm guessing that its institutions selling their holdings so that they keep the same percentage in the company. Also with US and Europe indices at record highs and there always seems to be a correction in March (2020 Covid, 2022 Ukraine, 2023 US regional banks), its a brave man who hasn't sold equity and moved into cash.

The company does well with its buybacks, in that with the 4 buybacks to date (totaling £50m) the company has bought back 58.5m shares (average 85.5p). The company did a placing in November 2020 of 80m shares at 112p each, so the company has gained £15.5m with these buybacks.

[blackhorse23] 23/2/2024 09:56

195p likely , directors heavy buy , profit growth

[deanowls] 23/2/2024 09:28

Back to 95p I reckon before next results.

[blackhorse23] 23/2/2024 09:12

Greencore Non-Exec Anne O'Leary buys 50,000 shares @ GBP 1.05p

[blackhorse23] 23/2/2024 08:25

Business is booming at greencore group. GNC [LSE] Strong start to FY24 tradingFY23 revenue up 10% to 1.9 billion EBITDA up 5% to 132.8mProfit up 6% to 76.3m2024 Profit Growth 10% to 80m-85m

[blackhorse23] 23/2/2024 08:06

Excellent time to buy before dividends & new buy back program

[blackhorse23] 21/2/2024 14:08

Brokers price target 240p

[forethought] 21/2/2024 13:35

New YTD trading high set today. Momentum gathering and has not yet peaked.

[blackhorse23] 21/2/2024 13:04

Excellent director buy , something brewing

[richtea2517] 21/2/2024 12:16

Another decent director buy - nice

[blackhorse23] 21/2/2024 11:23

Business is booming at greencore group. Strong start to FY24 trading??FY23 revenue up 10% to 1.9 billion ??EBITDA up 5% to 132.8m??Profit up 6% to 76.3m??2024 Profit Growth 10% to 80m-85m

[blackhorse23] 21/2/2024 10:39

Bought some more

[blackhorse23] 20/2/2024 11:48

Yes because new buy back is coming

[forethought] 20/2/2024 07:42

Do you get the feeling they're in a hurry to get the buyback done by the end of the month?