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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Merrydown | MYW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.01 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.01 |
| Top Posts |
|---|
Posted at 29/11/2004 16:29 by gateside Nigel Freer, chief executive of Merrydown PLC, wastight-lipped on the possibility of the company succumbing to a takeover bid. The company, which markets the Shloer and Merrydown Vintage cider brands, had announced on Nov 10 it was in discussions which could lead to an offer. Today it said takeover talks remain at a "very early stage" and reiterated there is "no certainty" a formal offer will result. Freer refused to elaborate, maintaining: "I'm absolutely sworn to secrecy." The suitor remains a mystery although AG Barr PLC, Britvic (owned by InterContinental Hotels Group PLC and Allied Domecq PLC), Interbrew SA, SABMiller PLC and Premier Foods PLC have all been talked about as possible bidders, as has private equity. Freer's reticence came as Merrydown reported widening interim pretax losses but a swing to its first profit at the operating level for four years. For the six months to Sept 30 the company made a pretax loss of 1.3 mln stg compared to a loss of 75,000 stg last time. Exceptional costs of 2.2 mln stg were taken in relation to the closure of the Horam cider works. Because of this no interim dividend was proposed. Turnover increased 8 pct to 8.88 mln stg, with Shloer turnover up 14 pct compared to growth of 6 pct for the total adult soft drinks market, and turnover of Merrydown Vintage up 15 pct in a declining overall UK cider market. Merrydown made an interim operating profit of 0.78 mln stg compared to an operating loss of 0.10 mln stg last time. At the end of the half Merrydown had net cash of 1.86 mln stg, up from 1.68 mln stg. "The company's transformation into a focused brand development company nears its completion and we look forward with enthusiasm to tackling the important Christmas period," said Freer. Next spring Merrydown will launch its first new product for six years to complement its Shloer, Merrydown Vintage, Posh Squash and Sorelle brands. "We've come up with what we think is a very attractive and catchy brand name," said the chief executive, but he wouldn't say what it is. At 3.17 pm shares in Merrydown were unchanged at 126-1/2 pence -- a five year high -- valuing the company at 27.3 mln stg. |
Posted at 04/11/2004 22:14 by daza70 my pick for 2005 in Mercury Recyling, a small recycling company with legislation on its side! I hope this performs as well as our stocks mentioned!Also sticking with sgi, myw, ffy, hrn, all from a while back! solid stuff |
Posted at 04/11/2004 20:34 by gateside Hi daza70... good to know that you are still around and holding some MYWI still have a number of shares in MYW and FFY, which have done very well, but have sold my holding in SGI. I like WYN and RNSM for 2005. Good Luck with your investments. |
Posted at 04/10/2004 15:18 by jonck Gates - was actually looking at MYW this morning thinking soon it might be worth getting into... ready for a rise soon me thinks...hicup! burb! |
Posted at 04/10/2004 15:16 by jonck Its Ok Jak, calm down - you can Buy 2 times 2 litres, and drink 3 litres still and offer the 4th to your friends. This will boost MYW sales and Gates shares will go up. "Responsible Approach" my backside - call me a cynic if you will. |
Posted at 17/9/2004 19:57 by gateside Looks like a Golden Cross ;-) |
Posted at 02/7/2004 12:00 by gateside Merrydown goes Ex-Dividend next Wednesday |
Posted at 07/6/2004 16:18 by one for the money Yes, Good results and IMHO no real sign that they are priced in yet (and not a bad divi either)Just bought a few more. Cheers john |
Posted at 07/6/2004 07:10 by gateside "Yet another year of strong and profitable growth"Merrydown, which markets the Shloer adult soft drink and Merrydown cider brands, today announces preliminary results for the year ended 31 March 2004. Highlights * Group turnover increased by 20% to #20.33m (2003: #16.89m*) * Shloer turnover up 30% to #13.96m (2003: #10.75m*) * Shloer further consolidated as the Number 1 Table Top Adult Soft Drink * Merrydown Vintage turnover up 10%; overall cider turnover up 4% to #6.37m (2003: #6.14m*) * Profit before tax up 26% to #1.72m (2003: #1.37m) * Basic EPS up 33% at 5.51p per share (2003: 4.15p) * Dividend increased by 29% to 1.35p per share (2003: 1.05p) * Net cash increased by 38% to #3.52m (2003: #2.55m) after share buybacks costing #0.84m * Turnover is restated following a change of accounting policy to include volume-related trade expenditure within turnover, as explained in the turnover note. Nigel Freer, Merrydown's Chief Executive, commented: "Shloer has made a good start to the current financial year despite the emergence of a tougher retail environment. The strong position of our brands in their respective markets is supported by continued marketing investment and the underlying trends remain positive for both Shloer and Merrydown." "The Board, therefore, looks forward to further growth and has every confidence in building its brands over the current and future years." |
Posted at 24/5/2004 13:14 by gateside Will be interesting to see if there is any buying (T10's maybe) in the run up to results in a fortnights time.I Honestly believe that MYW is undervalued at the present price. |
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