Robert Wiseman Dairies Share Discussion Threads

[masurenguy] 16/9/2010 09:10

Not suggesting anything untoward here and agree that it is a very solid business. However people sometimes decide to cash in on part of a holding if they think that there could be some negative issues ahead and that is why it is often worth taking note of director Sells.

[jab118] 16/9/2010 09:06

Where's the bottom ? That's what I'm after but when it comes to teat level i'm in as a cows bottom is alot higher, chris totally agree, food inflation next and milk prices will rocket the farming sector has started a boom time.

FILL YOUR BOOTS ..;-)

[chris79] 16/9/2010 08:55

I disagree Masureguy, those sales were months ago and modest and the Wiseman's still hold vast amounts of the shares. Two of those were from Alan Wiseman and he still owns nearly 1/6 of the shares! They are therefore neither recent to be related to this bad news or a lack part of their holding as to show a lack of confidence in the business. I am surprised at the share price reaction as it's clearly a tough market, but this is a well run company and as the statement highlights the balance sheet is strong and there is little debt.

[masurenguy] 16/9/2010 08:49

Occasionally worth taking note of director sales. Tend to discount director Buys as a positive but sometimes director Sells might be an indicator that could presage a negative.

02 July 2010: Ordinary shares of 10 pence each in the Company were sold as follows: Director: Mr Alan Wiseman. Number of Shares sold: 615,000. Price per share: 491.5 pence

09 June 2010: The following Ordinary shares of 10 pence each in the Company were sold: PDMR: Mr Gavin Wiseman. Number of shares: 189,999: Price per share: 480.1143 pence

18 May 2010: Ordinary shares of 10 pence each in the Company were sold as follows: Director: Mr Alan Wiseman. Number of shares: 420,000. Price per share: 480 pence.

[9degrees] 16/9/2010 08:49

if you look at the share graph this happened May 2008 with similar type profits warnings and the shares took about 18 months to recover . very volatile industry. Inflation will increase and costs will go up but price of milk to consumers is more difficult>

[the other kevin] 16/9/2010 08:12

Oh dear! Drop seems a bit fierce and may present a quick trading opportunity.

[yf23_1] 16/7/2010 01:25

breakout imminent

[scotch broth] 17/5/2010 09:50

Excellent results this morning with the share price a mere 480.To me 6 quid would look more realistic but the market is off until current political economic issues are resolved.Keep holding I think.

[phil140158] 26/2/2010 08:49

Not much posting on the RWD board. I'm here to celebrate an share price of 526 this morning which I think is a year high?

[phil140158] 22/12/2009 15:46

I agree, wholeheartedly, Scotch Broth. I have held RWD since 350 or so and have had the dividend throughout. I have traded umpteen shares, umpteen times and have never made more than RWD. Merry Christmas and a prosperous New Year to all!

[scotch broth] 22/12/2009 14:34

A month on and we are at 518/521.I have made a few quid on these at a time when the cyclicals have gone down because of fears about ongoing recession.A nice safe haven for the present which might carry on up.
Milk though can be volatile because it is affected by commodity prices ,exchange rates, contracts lost/contracts won etc.Not one to go to sleep on but I plan to hold into the new year.

[scotch broth] 16/11/2009 10:38

Excellent results.Should go to 5 quid.Pity about oil costs-otherwise would be 6 quid.

[phil140158] 03/11/2009 14:40

RWD on a 52 week high today. share price a bit choppy in recent weeks, but looks like a safe haven in unpredictable times.

[krayzeeaaron] 24/9/2009 19:15

Job losses over dairy firm review
Robert Wiseman milk
Robert Wiseman Dairies employs more than 4,500 staff in Britain

More than 200 jobs at a dairy company in the South West could be at risk after an operational review.

Robert Wiseman Dairies says it may cut production at Okehampton in Devon to one shift a day - affecting 93 staff.

A further 88 posts may be at risk at Bridgwater in Somerset, along with 33 posts in Bristol. Staff in Devon are to be offered relocation to Bridgwater.

The reviews are linked to the planned opening of a £15m distribution centre in Amesbury, Wiltshire, in November.

Union consultation

The firm has begun a consultation process with union representatives over the move and said it is planning to recruit 300 staff for the new Wiltshire depot.

Martyn Mulcahy, Wiseman's Group Operations Director, said: "Whilst it is our intention to continue creating new jobs in the South and South West, each of our facilities must match our overall operational requirements going forward.

"We are committed to consulting with staff representatives at each stage of these reviews and have pledged to minimise any job losses and will offer relocation packages to those who may be affected."

However, John Gorle, national officer for the Union of Shop, Distribution and Allied Workers (Usdaw) said the announcement came with mixed feelings.


We are doing all we can to ensure that all our members are treated fairly during the process, and have begun local consultation today
John Gorle, Usdaw

"We welcome the opening of the depot at Amesbury and with it the creation of around 300 jobs," he said.

"However, we are disappointed that this means the possible loss of nearly 210 jobs at Robert Wiseman Dairies sites in Bridgewater, Bristol and Okehampton.

"We are doing all we can to ensure that all our members are treated fairly during the process, and have begun local consultation today.

"This will allow our representatives to examine the business case and look at all the alternatives."

Robert Wiseman Dairies, which was founded in East Kilbride, Scotland, in 1947, employs more than 4,500 staff and operates dairies in Aberdeen, East Kilbride, Glasgow, Manchester, Droitwich Spa, Okehampton and Bridgwater in addition to 15 distribution depots around Britain.

[phil140158] 26/8/2009 18:50

Krayzeaaron, yeh the shine seems to have gone off RWD over the past month. Probably reflects the state of the market. Guess it will come back when less risky shares with solid prospects and dividends come back into fashion. Hold?

[krayzeeaaron] 26/8/2009 12:26

no take over talks here

[phil140158] 27/7/2009 16:48

Is the latest share price rise takeover talk or are the £6 days on the way back?

[fountains] 15/2/2009 11:44

Revenue £722.0 million (2008)
Operating income £31.6 million (2008)
Net income £19.3 million (2008)
Employees 4,262 (2008)

[billywills] 10/2/2009 11:24

Any idea who might buy RWD?

[fountains] 05/2/2009 19:59

Rumour has it, that this will be bought out during the 1st quarter 09.

[fountains] 29/1/2009 07:26

click here to view a printable version of this article click here to view a landscape printable version of this article click here to mail this article to a friend
RNS Number : 4210M
Robert Wiseman Dairies PLC
29 January 2009







29 January 2009


ROBERT WISEMAN DAIRIES PLC

INTERIM MANAGEMENT STATEMENT


SATISFACTORY PERFORMANCE FOR SECOND HALF-YEAR TO DATE


The Company's sales volumes and turnover for the seventeen week period to 24 January 2009 are in line with management's expectations. For the second half-year to date, volume growth is running at 6.3% compared with 2.6% in the first half-year.


We have benefited from additional business with the Co-operative Retail Group in South East England since early October 2008 and are pleased to confirm that, from 2 March 2009, we will commence supply to an additional 172 of their stores in this area.


Sales with other major customers were in line with our expectations. Our extended shelf life milk sales category continues to deliver steady year-on-year growth, as do our milk brands. Sales of 'the One' (our 1% fat milk brand) benefited from our new national television advertising campaign and sales of Fresh'n'Lo (our semi skimmed milk brand) have grown strongly with the help of a major promotion by Tesco.


We highlighted in our Interim Results in November 2008 that, as a result of falling global dairy commodity prices, we anticipated a deterioration in bulk cream returns for the second half-year in comparison to that achieved in the first half. This has proven to be the case, with cream income falling some 18.6% in the quarter to December 2008 compared to the quarter to September 2008 as measured by DairyCo. We further explained it was uncertain when market conditions would allow the shortfall in cream prices to be recovered by means of adjustment to our milk buying or selling prices and that, potentially, this could impact profit by up to £7 million in the second half-year.


Given raw milk prices in the United Kingdom have started to fall, and we have announced a milk price reduction from 1 February, we now expect the potential profit shortfall not to be as great as we had originally anticipated.


In our Interim Results we also highlighted that we had hedged some 60% of our Derv costs for the second half-year. Although this means we have not enjoyed the full effect of the recent drop in oil price, we very much welcome the benefit gained in other oil related costs.


The business continues to generate strong cash flows and, despite funding a large capital expenditure programme, we anticipate debt at 4 April 2009 to be similar to the £50.2 million level we had at 27 September 2008.


We remain confident that, with our new Bridgwater dairy now operating to its planned initial capacity and construction of our new depot at Amesbury expected to commence in early April 2009, we are in good shape going forward.


NOTES

Certain statements made in this announcements are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future events or results referred to in these forward looking statements. Unless otherwise required by applicable law, regulation or accounting standards, we do not undertake any obligation to update or revise any forward looking statements, whether as a result of new information, future development or otherwise.


The Group will issue a Pre-Close Trading update on 30 March 2009.


ENDS


Robert Wiseman Dairies PLC

07900 430269
Graeme Jack





Weber Shandwick Financial

0207 067 0700
Nick Oborne / Nick Dibden



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

END

[fountains] 28/1/2009 10:34

Looks as if it is Arla who's buying RWD.

[fountains] 27/1/2009 15:04

Just heard a rumour about a buy out...