Greencore Share Discussion Threads

[richtea2517] 05/6/2024 20:25

Maybe a few more will dip in again

[whittler100] 05/6/2024 16:34

Interesting insider purchase at GNC with Alastair Murray adding 30k @ 169p to sit with the 40k he bought 6 months ago at 98p; maybe shows a touch of confidence. There has been steady insider buying since Sep 2022.

[richtea2517] 05/6/2024 10:49

I do like a little retrace

[kelso29] 01/6/2024 16:35

Pete
You could well be right. I was surprised that the BOD chose buybacks at 140p, they obviously think the share price is undervalued at that level. Come October, the share price could well be 200p, if the BOD still think its undervalued then more buybacks and happy days for us.(When the share price was under 100p, it was a no brainer to do buybacks.)
I actually don't want dividends, due to the Irish withholding tax.

[pete long term investor] 30/5/2024 09:48

Nothing wrong with my maths. Fortunately, I also have a good command of the English language and am aware of the pressure that the BOD are under from their larger shareholders, who are mostly American, and therefore favour Buybacks over Dividends. If you listened carefully to the discussion with Brokers after the HY results presentation you would know that the BOD are retaining the option of a combination of Buyback and Fividend in September. I suspect another 10 to 15 million Buyback, leaving enough over for a Final Dividend of between 1 and 2 pence. Bssed on previous lengthy experience I think the lesser of those two figures is more likely. But with a change of heart on the part of the larger shareholders, who are currently calling the shots, there might be a 2 pence Final Dividend.

[kelso29] 29/5/2024 20:02

Pete you're not good at maths are you? The BOD have said that they are returning £50m to shareholders for the year, after £30m for buybacks, this leaves £20m for the year end dividend. By then there will be about 452m shares in issue giving a dividend of approximately 4.4p a share.

[richtea2517] 23/5/2024 16:13

Where's the re-entry price then?

[richtea2517] 21/5/2024 16:30

Well I trimmed a bit but still got lots and lots Very nice update - pint and fish and chips tonight - really nice when patience is rewarded

[blackhorse23] 21/5/2024 09:57

Bought some APH today , gain 100% profit in here

[citys2874] 21/5/2024 09:47

great day so far GNC and PHE BOTH BREAKING OUT....FAB start to the day

[forethought] 21/5/2024 07:50

I do hope these results and the market reaction have cheered up Pete.

[blackhorse23] 21/5/2024 07:15

Next stop 200p

[johnwise] 21/5/2024 06:49

Greencore Group PLC

H1 FY24 Interim Results Statement

[kelso29] 21/5/2024 06:19

Yes Blackhorse, buyback is triple previous years and year end dividend is pretty much nailed on.
Should be a good day!

[blackhorse23] 21/5/2024 06:15

Launch of new £30 million Share Buyback Programme Plan to return up to £50 million to shareholders including potential reintroduction of dividends

[blackhorse23] 21/5/2024 06:15

EXCELLENT RESULTS

[richtea2517] 20/5/2024 18:14

Cheer up Pete for Gods sake

[pete long term investor] 20/5/2024 15:36

Blackhorse overly optimistic. In years when Greencore previously paid a Dividend the payout was 37% of that years profits. Do the maths and I think you will find that comes to 6.72 pence per share. Normally about 33% of that at Interim stage. So based on precedent the maximum Interim to be devlared tomorroe is 2 pence per share. At a bullish yield of 4% that will only boost the share price to £1.50. So still a potential takeover target. I am pessimistic, and expect an Interim Dividenf of 1 pence per share at most, which will depress the share price and probably see a decline to about £1.25. I hope I am wrong, but 20 years as a Greencore investor yends, not unnaturally, to induce pessimism.

[richtea2517] 20/5/2024 13:30

Results likely to be strong - hopefully raise guidance and a divi However share price might still dip on a buy the rumour sell the news basis If it dips back to 130 then buying again We shall see

[blackhorse23] 19/5/2024 10:10

Current voting shares divided 25 million pounds average buy back , bring to roughly 17p per share dividend if converted

[blackhorse23] 19/5/2024 10:07

That's 25 million per year , currently year expectation 10% higher profits to 80-85 million pounds

[blackhorse23] 19/5/2024 10:06

Over last 2 years up to date GNC has been spent 50 million pounds worth shares buy back which roughly 65 million shares out from market

[pete long term investor] 18/5/2024 10:34

Afraid 2 Pence per share Interim Dividend is the most that can be expected at the present moment. Suspect it will be a lot less or possibly no Dividend and no Buyback at worst or one pence per share Interim Dividend at best. If the share price does not rise substantially on the back of what the Board have to say for themselves on Tuesday then Greencore will remain a takeover candidate.