Share Name Share Symbol Market Type Share ISIN Share Description
Greencore Group Plc LSE:GNC London Ordinary Share IE0003864109 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  2.80 2.25% 127.30 1,309,653 16:35:08
Bid Price Offer Price High Price Low Price Open Price
126.80 126.90 128.10 123.20 123.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 144.61 56.40 19.90 6.4 568
Last Trade Time Trade Type Trade Size Trade Price Currency
17:48:01 O 141 125.894 GBX

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Greencore (GNC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-04 16:49:15125.89141177.51O
2020-08-04 16:37:03127.3096122.21O
2020-08-04 16:04:15127.311,1111,414.37O
2020-08-04 16:03:54126.6531,59940,020.45O
2020-08-04 15:35:08127.30378,012481,209.28UT
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Greencore (GNC) Top Chat Posts

Greencore Daily Update: Greencore Group Plc is listed in the Food Producers sector of the London Stock Exchange with ticker GNC. The last closing price for Greencore was 124.50p.
Greencore Group Plc has a 4 week average price of 108p and a 12 week average price of 108p.
The 1 year high share price is 282.20p while the 1 year low share price is currently 83.40p.
There are currently 446,146,152 shares in issue and the average daily traded volume is 1,921,698 shares. The market capitalisation of Greencore Group Plc is £567,944,051.50.
totalgeek69: They will be reducing debt as well though. The share price is very depressed at the moment and imho will not be so under pressure once the share price div is returned as they are returning to the UK market only where they are already doing well. Admittedly all this is less exciting. "Reported revenue in the Convenience Foods UK & Ireland division increased by 14.3% to GBP1,438.4m" FY17 FY16 Net Debt (519.2) (331.8) EPS 1.9 9.5 The Transaction will also support a strengthened balance sheet, with up to GBP293 million to be used to reduce leverage, and a target medium term leverage range of 1.5-2.0x Net Debt / EBITDA Post-Transaction, Greencore will have a leading position in its core UK market, greater financial and strategic flexibility, and potential for dynamic capital management The shorters will most likely withdraw and cut their losses... DYOR
supercity: Bought them on the same day they announced 'no known reason for the share price fall'Should bounce from here
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.
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).
maramara: why did the share price drop by 19% today?
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.
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 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)%
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.
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.
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.
Greencore share price data is direct from the London Stock Exchange
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