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I’m sitting here looking for a lot more than £1.30 down the line been putting every spare penny in beaten down shares since September.Getting some nice paper profits building up to now lol.
Ouch that' s a long haul.....or maybe not so long, I see a return to the 130s on the cards this year (which is where it started last year).
Wow 69p ish. only another 80p to get back to even. !!!!
I have not double checked but I’m sure it’s been repaid.As you say there must be a reason for the share price to be low well yes people just worried about the out look ahead next year but I’m more off a let’s see my return over a bit longer.
It would be interesting to know what level of liability GNC has in the way of repayment of government support during Covid. When added ti debt what is new level of liability On the surface it is undervalued at this level. There must be a reason.
I agree with you bought 3 lots here over last few months 71 68 66 so slightly under water.I notice you seem to be buying or holding a lot of stocks I’ve being adding also today NEX £1.26.
Have been adding here all the way down and expect sometime in 2023 for these levels to be long forgotten as we rise up for Ireland.
One point i am suprised no consumer group is jumping on is the fact that retailers maintain a certain % margin on all products. As base line cost increases so does the base line margin. However retailer will say that margin remains the same. Hidden profit even when fuel and wage cost increase is deducted. As stated previous i sold out at 71, but will re buy in as soon as CGT rules allow me to . 1 month after disposal
Philips, who joined Greencore in September, purchased the shares on Thursday 1st Dec at an average price of 64.95p each, for a total value of £126,652.50.
As some point inflation will fall, interest rates will fall, people's incomes have and are rising well and all the covid cash bungs keeps the households tickety-boo.
50p before £2 who knows but be sure that the cycle will turn up at some point.
re 1.
prices are being passed on everywhere with above inflationary increases as the public have been prgrammed to just pay, from fuel to groceries. you better beleive that the prices will not come down at the pace they went up and the increases will be baked into revenues going forward and any savings eg energy reducitgions will go straight to the bottom line.
Amazed that no one is pouncing on this Irish based company at these levels.
Seems to have built up new business during the time and will reap the rewards in the next few years.
Would prefer to see a dividend reinstated to keep the interest but 130p - 170p sometime over the next few years the sub 62p top up should pay handsomely.
Take out at 322m atm with nearly £2 billion of revenue.
A turnaround specialist could extract cost savings with ease. Let's rock and roll.
The lack of 2023 guidance didn't help.
I think it's a combination of:
1. Inflation threatening margins if they can't offset with price increases to customers
2. Inflation/cost of living crisis damaging demand for - somewhat discretionary - on the go food.
3. Transport strikes damaging demand
I agree the share price is ridiculous.
i bought another tranche here today @60.5. I really can't see why this has fallen this far. I remember buying this during covid @88p which was near a bottom then. I sold them ones a long time back for a nice profit. As i see it the company is in much better shape than it was then. Just bizarre really but i'll keep adding on further drops as this is due a correction IMO
Jefferies cuts Greencore price target to 73 (82) pence - 'hold'
I think this share is undervalued and I have just bought a few for a long term hold. If previous experience is anything to go by then it will fall but eventually recover to make a small profit.
i can't see this going that low. Is at 10 year lows now. No real justification for this. Profits on the up. Solid balance sheet. People will always buy food regardless of inflation. For a LTH this is a fairly safe bet at these prices!
Short sellers are a pain but present great opportunities as well. They drive the price so ridiculously low to clear out the squeaky bums to sell at losses but they ALWAYS reverse at some stage. Just look at BOO/THG both driven to 30p then straight back up. PFC last week driven to 78 now back to 88. It's all a game to use to your advantage where possible. GNC should be much higher than 65p!
bought back in here this morning. This drop looks overdone. CEO just bought 195k shares. Don't really see why this has dropped. Results look pretty good. Only headwind is the inflation stuff as i see it!
I have absolutely no idea why this is as low as it is, especially after the positive results.
I was on the brink of buying, then saw there are shorts totalling nearly 2%. That's a big red flag for me so sadly I won't be buying. I have no idea why the shorters don't like this, I just have a policy of not betting against them !
Exactly…..
It worrys me that everyone else can see something that I can’t?
Decent results, profits up buybacks etc, around £2 before lockdown now 65p lower than during lockdown!!! couldn't make it up.
Well I am off, GLA. May revisit in new year if downward trend continues. A bit concerned too many little negative comments hidden in the statement, such as
Remains Cautious on impact,,,,,,,
Continue to assess contracts,,,,
Happy hold for me glad of another share buy back at this price lvl if we drop back to low 60s again I’ll add a few more.
Well flip me….down 2.75%
What I am missing here?