Kerry Share Discussion Threads

[8para] 18/1/2005 09:04

One thing of note in tesco`s results is that they have lowered prices by 1.6%

you can bet suppliers will be taking that hit

[8para] 16/1/2005 19:28

They are a screaming short on the info i have..

[8para] 16/1/2005 19:27

You`ll find my friend that about 40% of its profits are from their foods division.

Thats were the big problems arE AND BELIEVE ME ITS NOT A PRETTY PICTURE

[scout2] 16/1/2005 17:14

kerry is a fine company with a superb management . Its profits are spread worldwide Many long term holders including my smallish one. Its profits have grown year on year .up to 20%per year until recently . It specialises in food ingredients and flavourings.Weak dollar and its size now has brought its profits down to 10% now.Not in my opinion a stock to short . However dyor

[8para] 16/1/2005 16:46

The number of profit warnings by UK-listed companies increased by a higher-than-expected 40% last year, figures showed today.

Companies announced 294 warnings during the year, up from 210 in 2003, according to a survey by accountancy group Ernst & Young.

Ernst & Young said most companies issuing warnings had blamed worse-than-expected sales and difficult trading conditions for their problems, indicating that interest rate rises and the slowing housing market had affected consumer confidence.

The overall trend had showed a steady rise since the first quarter of 2003, Ernst & Young said.
Companies issued 11, or 15%, more profit warnings in the fourth quarter of 2004 than the previous three months' figure of 74 – the highest quarterly figure since the first three months of 2003, Ernst & Young said.

Andrew Wollaston, corporate restructuring partner at Ernst & Young, said the impact of interest rate increases had been much stronger than many anticipated and the much vaunted "soft landing" was now looking slightly bumpy.

He said there was no cause for concern in the short term, but added: "Should the trend continue and the warnings level rise towards the one hundred mark, this could indicate a significant deterioration in the state of corporate UK."

The sector with the highest number of warnings in 2004 was support services, with 32, followed by software and computer services, recording 31 warnings.

General retailers made 25 profit warnings while media and entertainment companies issued 24 warnings during the year.

Figures for the fourth quarter of 2004 revealed that companies with a turnover of less than £200 million bore the brunt of difficulties, accounting for nearly three quarters of the warnings, up from 65% in the third quarter.

Ernst & Young said such companies were having difficulties competing against larger, faster and more efficient competitors able to source their supplies more creatively and drive down prices.

In contrast, the proportion of companies with a turnover of more than £1bn issuing warnings was only 6% this quarter, down from 12% in the third quarter.

Mr Wollaston said companies had already issued a number of warnings in 2005, particularly retailers, despite a generally benign economic environment.

"It is clear there is a degree of caution in the economy," he said

[8para] 14/1/2005 10:10

Another boardroom change at kerry yesterday

[8para] 14/1/2005 10:07

THE SUPERMARKETS HAVE THEM BY THE BALLS......

440 factory jobs to go
Sascha Hutchinson, This is Money
13 January 2005
AROUND 440 factory jobs will be cut at food manufacturers Dairy Crest and Uniq. Dairy Crest is to close its factory in Yeovil, Somerest by June of this year, resulting in the loss of around 260 jobs

A spokeswoman for Dairy Crest said the decision to discontinue supplying Tesco-branded desserts was taken following a strategic review. Dairy Crest lost a contract to supply milk to Tesco and Asda last year but will continue to supply Tesco with other products such as cheese and yoghurt.

Today's announcement comes six months after Yoplait Dairy Crest announced plans to close a similar operation at Enfield, north London, resulting in of 320 job losses. At the time, the company blamed intense price competition among supermarkets for its decision to retreat further from the own-label sector.

Dairy Crest said today it would continue to supply supermarkets with own-label goods in other areas, including milk and cheese.

In a separate announcement, chilled foods supplier Uniq announced that it had won the contract, worth £20m a year, to supply desserts to Tesco.

But Uniq said it could cut around 180 jobs after it lost a contract, worth £12m a year, to supply Sainsbury's with prepared salads worth £12m a year.

Dairy Crest and other dairies including Robert Wiseman, have been involved in a dispute with retailers following a cut in the price of milk last year.

[8para] 13/1/2005 10:35

The foods industry in the british isles is on its knee`s

they are being squeezed by the likes of tesco

[8para] 12/1/2005 14:18

very heavy volume in dublin and starting to fall back now

[8para] 10/1/2005 15:34

heading south now

i would like to see it below 1750....that would really get things kicking off

[8para] 10/1/2005 10:10

short june spread bet @1790

[8para] 09/1/2005 23:37

IAM GOING TO BE EVEN MORE SHORT IN THE MORNING...FANTANSTIC SHORT VALUE

[8para] 09/1/2005 11:27

Just read in the mail on sunday that Northern foods is to announce a profits warning this week.

COULD KERRY BE NEXT ??????????

[8para] 08/1/2005 15:34

At 18.5 times earning they are a certain short

one broker has them as a strong sell and another a sell

and thats before the sh!te hits the fan

[8para] 08/1/2005 13:13

The london price follows the Dublin price

ticker in Dublin is KRZ ,

[8para] 05/1/2005 14:52

12 euro target

no reserves left on food divisions balance sheet

[8para] 05/1/2005 11:54

I believe the foods division is in real trouble

CFO of food division left a few weeks before christmas and it was not for another job

Every chance of profits warning

Iam short from 1770

[hypocrite] 14/1/2003 08:54

Phoenix shares magazine in Dublin recently posed the possibility/rumour that
Kerry would take over Glanbia and that Brosnan would return to the driving seat
to make it happen this year.
Interesting prospect????

[onewaysystem] 07/1/2003 14:09

Few days too late i think son.

But good luck.

[8para] 07/1/2003 14:06

Long from today...boring but steady rise on the cards

[onewaysystem] 07/1/2003 13:53

Yes .

And ?

[8para] 07/1/2003 13:50

Positive candidate (6 Jan 2003)
Has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. Has broken a double bottom formation. A decisive break of the resistance at 845 will signal a rise to 892 or more.
Support and resistance: The stock has marginally broken up through the resistance at 844 p. An established break predicts a further rise.