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MYW Merrydown

0.01
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Merrydown LSE:MYW London Ordinary Share GB0005814537 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Merrydown Share Discussion Threads

Showing 126 to 147 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
03/11/2004
21:22
hi gateside havent posted for a while. Picked up some more of these recently at 92. + still holding FFY and SGI in large amounts. How have you been?
daza70
02/11/2004
19:19
i like this one ,long a few
ntv
25/10/2004
20:03
From The Publican.com

Cider-maker merry as results released
Published 14th October 2004

Merrydown plc has issued an upbeat trading update for the six months to 30 September with overall group turnover up eight per cent on last year.

The company reported a 14 per cent increase in turnover on its Shloer adult soft drinks brand and double digit growth for its Merrydown Vintage cider.

The group is predicting that profit for the six months will exceed £0.75m, reflecting the performance of the company's key brands. Marketing spend in the first half was £0.2m below last year but will be boosted by £0.5m higher in the second half of the year.

Merrydown chief executive Nigel Freer commented: "Given the poor summer weather this is a very pleasing position to be in."

The full interim results will be announced on November 29 2004.

gateside
22/10/2004
15:27
Have been away, so it was nice to come home to see Merrydown back up towards a pound... Upbeat trading update.



Half Year Trading Update

Merrydown PLC, owner of the market leading Shloer adult soft drink and Merrydown
cider brands, today issues an update on trading for the six months to 30
September 2004, in anticipation of its interim results announcement in November.

Despite the poor summer weather which has affected the soft drinks market,
Shloer has delivered 14% turnover growth and gained further market share from
competitors in the adult soft drinks category.

Merrydown Vintage has enjoyed double-digit organic growth following distribution
gains and is now in its best trading position for many years as the introduction
of new packaging and the current polarisation of the market appears to be
favouring premium cider offerings. It remains our policy to concentrate on
Merrydown branded sales rather than bulk products and overall Group turnover is
approximately 8% ahead of the same period last year.

It is expected that profit before exceptional costs for the 6 months will be in
excess of #0.75m reflecting the strong performance of the Group's key brands.
Marketing spend in the first half was approximately #0.2m lower than in the same
period last year but is expected to be #0.5m higher in the second half. There
were also one-off bonus costs of #0.2m in the first half of last year. As ever,
the out-turn for the full year is heavily dependent on Christmas trading.

On 15 July 2004 Merrydown announced the closure of its production site at Horam
and confirmed its successful strategy to focus on brand management. Shloer
bottling will cease in November 2004 and all activities at Horam are expected to
have finished by 31 March 2005. The majority of the #2.5m exceptional costs will
be reported in the first half.

The interim results will be announced on 29 November 2004.

Nigel Freer, Chief Executive of Merrydown, commented:

"Given the very real issues concerning the poor summer weather affecting some
companies, this is a very pleasing position to be in. Our outlook remains
positive and we look forward to reporting on further progress in November."

gateside
16/10/2004
22:07
The press is saying that Merrydown is flying with its premium cider becoming the in-drink. Unfortunately it has not moved down at all and is stuck in its trading range but a solid stock with around 25% upside over the next six months.
barnetpeter
04/10/2004
14:30
Hi Gates - I was going to wait for the next positive upturn. e.g when the charts show it is in a definite trend up. Its on my watch list now.
jonck
04/10/2004
14:25
Hi Jonck... Fundamentals are sound... A little supprised it has fallen this far.

Let me know if you buy any... I'll crack open a bottle... hic!

gateside
04/10/2004
14:21
The only problem I see is Bj - at 2 washers for 3 litres and 1 1/2 washers for 2 litres how is he going to give us change from the till. I can see the scrooge putting prices up in his Pub (AGAIN!!).
jonck
04/10/2004
14:18
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!
jonck
04/10/2004
14:16
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.
jonck
30/9/2004
20:55
I am shaking already - get me to the clinic!
jakass
30/9/2004
20:54
No more 3 litre bottles - Oh my god!
jakass
29/9/2004
12:51
Being marked down on very low volume.. would not be supprised if this has reached support.
gateside
22/9/2004
14:32
Merrydown PLC said that further to recent purchases made,
Marc Downes and persons connected with him hold a total of 1,165,500 ordinary
shares in Merrydown, representing 5.4 pct.

gateside
17/9/2004
18:57
Looks like a Golden Cross ;-)
gateside
14/9/2004
21:05
Interesting new flavours of their 'posh squash'.

Strawberry and Black Pepper
Blueberry and Rose Hip.

Just hope that they start to carry them in other supermarkets, than just Sainsburies and Waitrose soon

Generaly consensus of opinion is that Merrydown are fully valued... something tells me that this growth story is far from over... more than happy to continue holding.

gateside
29/7/2004
10:27
Drink and be merry!

RNS Number:3612B
Merrydown PLC
29 July 2004


For immediate release 29 July 2004

Merrydown PLC

AGM Statement and Trading Update

The Board of Merrydown PLC are pleased to announce that at the Annual General
Meeting held today, all resolutions were duly passed.

At the meeting, the Chief Executive, Nigel Freer, made the following statement:

"I am pleased to report that Shloer sales continue to grow strongly and we are
poised for the main burst of summer promotional activity which this year will
take place in the late summer.

"The new product programme is progressing well. The Posh Squash and Sorelle
trials are encouraging and the new 275ml Shloer bottle is now in production. We
are also planning the launch of another completely new drink in the autumn.

"Vintage sales have started the year in line with the same period last year.
Whilst the underlying rate of sale in supermarkets is growing, the wholesale
sector overall continues to under-perform.

"This year a greater proportion of our marketing activity will take place in the
second half of the financial year. This will benefit the results for the half
year to 30 September 2004, whilst not affecting the full year outlook.

"Whilst Christmas remains our most important trading period, we are encouraged
by the Group's trading and profitability in the year to date and we look forward
to making further progress during the rest of the financial year.

"Sadly on 15 July 2004 we announced the closure of the Horam factory. It is
anticipated that this will give rise to exceptional costs of #2.5m during the
year and a gain on disposal of the site substantially in excess of this cost in
the following year to 31 March 2006.

"Robert Neame is today retiring as a Director of Merrydown PLC and, as planned,
is not offering himself for re-election. On behalf of the Board and our
shareholders we thank Bobby for his support and excellent contribution to
Merrydown over the last 6 years."

- ends -

For further information, please contact:

Merrydown PLC
Nigel Freer, Chief Executive 020 7067 0700
Mike Dinnis, Finance Director

Weber Shandwick Square Mile
Chris Lynch / Katie Hunt / Helen Thomas 020 7067 0700

Print resolution images are available for the media to view and download from
www.vismedia.co.uk



This information is provided by RNS
The company news service from the London Stock Exchange

END
AGMBBGDRGDDGGSC

wole
15/7/2004
21:52
Is 90p looking a bit better now after this statement! I think so with the potential surplus amount!
daza75
15/7/2004
09:48
Merrydown PLC

Merrydown's highly successful brand building strategy
takes a further important step

The Board of Merrydown PLC, which markets the Shloer adult soft drink and
Merrydown cider brands, today announces its decision to cease manufacturing and
focus on its successful brand management strategy.

* After extensive evaluation of the options we have concluded that to make
best use of the Group's resources and progress our successful brand
management strategy we should close the manufacturing site at Horam. This
will very regrettably mean the loss of approximately 35 jobs. During the
period to 31 March 2005 production will be moved to a number of
well-established sub-contract manufacturers.

* Restructuring costs and fixed asset write-offs will amount to #2.5m in
the year to 31 March 2005. We are advised that the gain on disposal of the
site should be substantially in excess of this cost and is likely to be
realised in the year to 31 March 2006.

* In the current and next financial years the overall impact on operating
profit before exceptional items will be neutral. In subsequent years we
will benefit from wider production capability and overhead efficiencies.

* The net cash inflow from the exceptional transactions is expected to be
at least #3.75m. It remains the Board's long-term intention that cash not
required for the development of the Group's core strategy should be
returned to shareholders.

Nigel Freer, Merrydown's Chief Executive, commented:

"This decision is another important step in the strategy of focusing on the
management of our core brands which has transformed the Group since it was
refinanced and reorganised in 1998.

"Given Merrydown's history in Horam this is a painful decision which has not
been taken lightly but, in the final analysis, we believe this is the best use
of assets and concentrates our resources on the strategy of managing our
brands."

gateside
10/7/2004
13:56
No. The eps was 5.5p so at 90p that puts the stock on historic of over 16. Even allowing for another decent increase this year, the shares are just fairly priced. A solid, low risk company for a pension maybe not a must buy. 80p is a good buying price.
barnetpeter
10/7/2004
13:01
Does anyone else agree, that this is starting to look very cheap now????
daza75
02/7/2004
11:00
Merrydown goes Ex-Dividend next Wednesday
gateside
Chat Pages: 8  7  6  5  4  3  2  1

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