Greencore Share Price (GNC)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Greencore Group	LSE:GNC	London	Ordinary Share	IE0003864109	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	+0.80p	+0.46%	174.50p	867,450	16:35:15

Bid Price		Offer Price	High Price	Low Price	Open Price
174.25p		174.35p	174.35p	171.65p	171.65p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Food Producers	2,319.70	12.40	1.90	91.8	1,232.8

Related Shares
Unilever (ULVR), Associated British Foods (ABF), Hidong Estate (HID), Walcom (WALG)

Greencore (GNC) Latest News (1)

Greencore News

Date	Time	Source	Headline
17/8/2018	11:53	UKREG	Greencore Group PLC Holding(s) in Company
31/7/2018	14:26	UKREG	Greencore Group PLC Total Voting Rights
31/7/2018	10:39	ALNC	Greencore Confident On Continuing Revenue Growth Despite Issues In US
31/7/2018	07:23	ALNCF	Alliance News Flash Headline
31/7/2018	07:01	UKREG	Greencore Group PLC Q3 Trading Statement
30/7/2018	15:15	ALNC	Melqart Holds 7% Stake In Greencore Following Transaction (ALLISS)
30/7/2018	13:44	UKREG	Greencore Group PLC Holding(s) in Company
30/7/2018	11:55	UKREG	Greencore Group PLC Holding(s) in Company
26/7/2018	09:00	UKREG	Greencore Group PLC Holding(s) in Company
29/6/2018	15:48	UKREG	Greencore Group PLC Total Voting Rights

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Greencore (GNC) Share Charts

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Greencore (GNC) Discussions and Chat

Greencore Forums and Chat

Date	Time	Title	Posts
16/8/2018	17:01	Greencore (GNC) One to Watch on Tuesday	10
30/7/2018	18:20	Greencore. >Takeover > Price 23% higher than current price?	865
16/8/2011	11:05	Break this mut up & give some value back to the s/h's	194
30/5/2007	10:17	Check out GRENCORE if you wan to make a serious gain!	71
10/1/2004	18:53	Greencore chills	1

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Greencore (GNC) Top Chat Posts

Date	Subject
19/8/2018 09:20	Greencore Daily Update: Greencore Group is listed in the Food Producers sector of the London Stock Exchange with ticker GNC. The last closing price for Greencore was 173.70p. Greencore Group has a 4 week average price of 164.75p and a 12 week average price of 164.75p. The 1 year high share price is 233.70p while the 1 year low share price is currently 120p. There are currently 706,489,590 shares in issue and the average daily traded volume is 6,244,115 shares. The market capitalisation of Greencore Group is £1,232,824,334.55. Read Full Thread Reply
25/8/2017 10:11	supercity: Bought them on the same day they announced 'no known reason for the share price fall'Should bounce from here Read Full Thread Follow Reply
24/8/2017 07:40	broadwood: Greencore Group said its board had noted the recent weakness in the company's share price and was not aware of any developments since the release of its third quarter trading statement on 27 July that changed the outlook it contained. It said that as outlined in that statement, the integration of the US business was on track and the group continued to be encouraged by the pipeline of commercial opportunities being explored with existing and new customers. The group said it noted there had been some level of churn in the legacy retail part of the US business. Specifically, it has decided to refocus its Jacksonville, Florida, site on fresh product offerings and would withdraw from current frozen product production on that site. It said this change was being managed seamlessly with the relevant customers and the board anticipated that the impact on profitability would be minimal. The group said it planned to issue its next trading update on the release of its full year results on 28 November. Read Full Thread Follow Reply
12/12/2016 14:58	typo56: I'm not sure the share price going up counteracts the premise, because of course GNCN will track GNC (so if you take up the rights you'll be giving up more value you could have received for the nil paids). Read Full Thread Follow Reply
08/12/2016 09:14	maramara: why did the share price drop by 19% today? Read Full Thread Follow Reply
17/11/2014 22:24	mickeyb: Sfox1 so you've obviously opened a short and you are just spouting scaremongering phrases hoping to try and shake some Pi's into panic selling. Finals for Greencore are being issued on Tuesday 25th November 2014, lets see if there will be good news. FWIW I believe the Share price is likely to start rising at the end of this week and into next week and then depending on the level of profits reported the share price will either go up or down. Read Full Thread Follow Reply
19/5/2014 05:41	wexboy: Company: Greencore Group Prior Post(s): 2012 & 2013 Ticker: GNC:LN Price: GBP 261p Aah, Greencore my bete noire, my dodgy egg sandwich... How astonishing & ridiculous is it to note GNC's quintupled since my first TGISVP review a little over two years ago. Can selling sandwiches to supermarkets really be that exciting?! I think bloody not... FY-2013 was virtually acquisition-free for Greencore, so 3.0% revenue growth's probably fairly representative of its actual growth potential. [And all this growth came from the US - the UK, Greencore's main market, was basically stagnant]. Granted, operating profit increased 8.1%, and adjusted EPS by 13.3% quite respectable, but the bottom-line won't sustain this level of out-performance with that kind of top-line growth. And the company's tax rate is now an astonishing 1% (due to the utilization of Uniq tax losses) a reversion to a more normal tax rate, in due course, will prove an enormous headwind. The other big problems here are poor cash flow & excessive leverage. Plus the company's recurring exceptional (?!) expenses, of course noting the relentless quest for lower unit costs, coupled with the usual margin pressure from the supermarkets, I don't expect these to end anytime soon. Greencore reported an operating margin of 6.4% (which tells you a lot about the reality of their business anyway), but operating free cash flow (Op FCF) margin came in at just 3.8% (mostly due to GBP 20 million of exceptional cash expenses). And that's no once-off phenomenon 2012 Op FCF margin was 4.8%, while 2011 was only 1.4%. Awarding a 0.4 P/S multiple is quite generous, in the circumstances. Of course, we'll adjust for the company's excessive leverage: Interest expense (at GBP 15.6 M) is a whopping 34% of Op FCF we'd need to see total debt (of almost a quarter of a billion) cut by around 56% (or 138 M), to limit interest expense to 15% of Op FCF. We'll also throw in a net pension deficit of, coincidentally, another 138 M. [It's worth noting, in terms of potential future volatility, gross pension assets & liabilities are in a pretty daunting range of 400-500 M. btw Greencore also has a net payables position of almost 200 M - if suppliers ever turn nervous, this could turn into another funding headache]. This gives us: (GBP 1,197 M Revenue * 0.4 P/S 138 M Debt Adjustment 138 M Net Pension Deficit) / 406 M Shares = GBP 50p To me, Greencore continues to look ridiculously over-valued I never learn, do I..? But I have to ask why exactly does it deserve an 18.4 P/E?! [Based on adjusted diluted EPS. NB: For once, basic EPS is higher than adjusted EPS, but that's due to exceptional tax credits]. Considering the history of cash flow shortfalls, I think it's entirely appropriate to focus on free cash flow (FCF) here, rather than reported EPS. FY-2013 FCF amounted to a mere GBP 31.6 M (and 2012 FCF of 42 M wasn't much better in absolute terms) that puts GNC now trading on 33.6 times FCF, vs. the 6.4 FCF multiple implied by my target price. OK, one might argue both multiples sound equally crazy but for an obviously over-leveraged sandwich maker, I'd happily bet underlying intrinsic value's far bloody closer to my multiple than the market's. In all likelihood, the outcome will be binary here: Investors often prefer to keep believing in the emperor's new clothes. As the all too familiar circular logic goes, the share price went up...so it must be a great company, right?! Well, unless things go horribly wrong (or a short selling research firm publishes a report)...then everybody will suddenly want to put the boot in! Price Target: GBP 50p Upside/(Downside): (81)% Read Full Thread Follow Reply
17/3/2014 15:59	mickeyb: A 1 million trade at 266 gone through earlier today, share price slowly rising is that the end of the large sell trades and a recovery back to a rising trend. Read Full Thread Follow Reply
25/1/2014 20:52	richtea1701: Workforce to double at greencore's Jacksonville facility. They are getting busy. Results this week. Reckon they will be ok - if share price drifts further I will have to scrabble some pennies together and get more of these beauts. Read Full Thread Follow Reply
15/2/2013 16:07	grizzly bare: Dusseldorf ... this is about horse meat! That's why the share price collapsed to 80p at one point this morning. If the horse meat issue had not arisen this morning and an RNS issued today this share would be trading today at over £1.00. But I agree. With all share purchases be careful, never expose yourself too much to a single share or sector no matter how inviting it looks... and indeed set a stop loss. Read Full Thread Follow Reply
20/12/2011 01:43	wexboy: Looks like this thread is finally reviving... I read the article mentioned, but I think it's revealing that the key quote is: '...so much will depend on the firm's share price. If it were to dip south then it is possible we would see some renewed interest.' I agree! After GNC added further ruination to their B/S with the Uniq deal they will need to reach/trade well below fair value before anybody contemplates taking them out at a decent premium...and the current share price sure ain't at fair value, in my opinion! If you have a spare moment, please check out my new value investing blog which includes 2 recent articles on Greencore: wexboy.wordpress.com Plenty of stocks I'm positive on too, so if you like (any of) what you see, I'd appreciate all comments, recommendations, links etc. Cheers, Wexboy Read Full Thread Follow Reply

Greencore share price data is direct from the London Stock Exchange

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