Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
😢
Started: scoredagainsteps, 21 May 2024 07:46
Last post: PANG, 22 May 2024 09:44
Well Marybri will we see the fabled 1.70 today. Hope so, I will remain invested for some time yet. Shold be over 2.00 within 12 months.
MKS results tomorrow, will be interested in food content break down as GNC major suppliers to them
Jed a bit like whack-a-mole they all come back up again. GL with your investment.
For those who love the Irish angle - CCR is the next big thing.
Started: MaryBr190, 21 May 2024 07:18
Last post: Cardinal3, 21 May 2024 07:41
Excellent results demonstrating a well- managed company with good prospects.
Firing 🔥
During on all cylinders and dividend returning at year end.
21 May 2024
Strong profit growth as recovery accelerates - full year to be ahead of current market expectations1
Started: PANG, 17 May 2024 11:27
Last post: Long-term-in, 20 May 2024 18:23
Donnt get your hopes p. Greencore has a habit of surprising on the downside by underdelivering and being oblivious to the context that the company is operating in (at the present moment that context is potential bagain basement takeover target with enormous potential for any would be bidder.
Indeed let's get a double digit move on the off !!
Fingers crossed for the morning, we are overdue good news
Let's hear about the agreed BID tomorrow instead.
I would hope to see a dividend reinstated next week. Some solid growth and if i am really greedy a take over.
Started: MaryBr190, 10 May 2024 18:37
Last post: MaryBr190, 12 May 2024 07:43
It was tongue in cheek. I have the ADR on a watch list and it never really moves much and on Fri it popped up so I searched for news thinking such a violent move is unusual.
Nothing found unfortunately but a only a matter of time as this is heading to £2+
Using the ADR market in the USA to launch a bid for a company listed on the LSE is a new one for me. But then again, stranger things have happened in the past so far as Greencore is concernef. Do you know what volume of SDRs were traded ? I believe each ADR represents 5 shares, so easy to work out number of shares traded once you have ADR volume.
Now 39% $7.20 ?
Started: MaryBr190, 2 Apr 2024 10:38
Last post: PANG, 26 Apr 2024 14:32
An unusual jump late friday ????? lets see how it closes
Going vertical
Oasis is the news, and eill continue to be the news as the Hong Kong based ivestor engages woth the Board of Gteencore, encourages operational and balance sheet improvements, and argues for Greencore to be more investor friendly (press comentary suggests Oasis favours a return of the Dividend). If those things come to pass it can only be positive for the share price and Greencore will cease to be an obvious bargain basement takeover target. Onwards and upwards ?
21.05.24
H1 FY24 Results
Unless some news materialises this is looking very overbought in the short term imo.
Started: MaryBr190, 4 Apr 2024 06:36
Last post: MaryBr190, 4 Apr 2024 08:47
Song for the day
Hold on it's coming, hold on it's very near.
https://www.youtube.com/watch?v=HGcw6_2uwIo
This article is spot on except for one important yhing. OItdoes not even mention Oasis, which is now one of the latgedt shareholders. If Daniel Wotner of Oasis can do for Greencore what hr did at Premier Foods a couple of years ago (google it) then Greencore will be reborn and the share will rise to reflect the company's inherent value badef on future prospects. Press comentary suggests he wants the Dividend reinstating. If that happens the bird, Greencore , will have 2 wings again. Stand by for take off.
👀 Eye opening
Date Open High Low Close* Adj. close** Volume
03 Apr 2024 125.20 129.60 123.00 127.20 127.20 4,801,446
02 Apr 2024 118.40 126.60 118.40 126.00 126.00 15,998,166
28 Mar 2024 116.00 120.40 115.30 119.30 119.30 1,774,392
27 Mar 2024 116.90 121.50 116.90 117.40 117.40 4,353,136
26 Mar 2024 115.40 119.00 113.00 118.00 118.00 8,088,549
25 Mar 2024 112.60 114.42 111.35 112.90 112.90 1,689,525
https://uk.finance.yahoo.com/quote/GNC.L/history
Yep 15m+ in the the on 2nd !
Mkt cap 595m, easy to see 750m / 1bn from here. Talk is of £2+, coming soon.
DYOR, just threading the needle.
Hold4Gold
Started: MaryBr190, 2 Apr 2024 09:26
Last post: MaryBr190, 2 Apr 2024 09:26
Ireland's best kept secret cash cow.
Started: MaryBr190, 26 Mar 2024 08:52
Last post: Jsmyth993, 28 Mar 2024 17:08
Hold 120 and onwards from there hopefully
If bid came it would be in 25% to 33% range above previous closing. IMO
The run up continues - £2 bid?
Someone definitely running the rule over us
I'm in. Some large trades going through today. Judging by SP activity I would say someone accumulating. Good article on current situation, https://www.cnbc.com/2024/03/23/activist-oasis-may-turn-to-a-preferred-playbook-to-help-build-value-at-greencore.html
Started: Long-term-in, 25 Mar 2024 09:38
Last post: Freebirdandybama, 25 Mar 2024 14:39
New. career.move no hit. records in years
The Oasis purchase of a stake in Greencore has the potential to be extremely significant for Greencore , bssed on ehat happened at Premier Foods after Oasis took a stake and Daniel Wotner of Oasis joined the Board of Premier Foods. Media comments suggest that one of Daniel's first objectives will be to have the Dividend reinstated. Something that I fully support and have actively campaigned for since the Buyback bean 2 years ago. Things, as they say, can only get better. Onwards and upwards.
Started: Long-term-in, 21 Mar 2024 14:53
Last post: Long-term-in, 21 Mar 2024 14:53
Can anyone remember a company (not Greencore) that in the past axed its Dividend and instead launced a Share Buyback before launching a Management Buyout.
Started: MaryBr190, 18 Mar 2024 01:26
Last post: MaryBr190, 18 Mar 2024 01:26
Signs of life here. Looking positive and good company.
Lets hope for over 110 on closing
Strengthening all the time - patience is all that is required although an MBO or bid would be great.
Slow and steady rise, lets hope this continues and 2024 will see return in value.
Started: MaryBr190, 10 Mar 2024 06:51
Last post: MaryBr190, 11 Mar 2024 12:24
Friday mega volume
08 Mar 2024 103.60 106.69 103.57 106.10 106.10 3,308,570
Cash cow, ripe for a bid.
So many UK companies look vulnerable.
Hold4Gold
Starting to look like momentum.
Good week end levels, lets hope Onward and Upward.
Completely agree . The company has enormous potential , but the shhare price is going nowhere untill the dividend is reinstated, and as a result the company will continue to be a potential takeover target.
Scoping around for somewhere to put my SPT windfall, landed on this one. Seems to have steered its way through Covid reasonably, given the nature of the business, that can’t have been easy. I’m not a fan of buybacks over dividends, so that was a negative, but I’m slightly hopeful they may be on the verge of changing tack on that. An announcement of any dividend, even a small one, is certain to boost the SP from here. I also think it’s undervalued, and as others have said, has to be a takeover target at these levels. The fact that they got a placing away during Covid at a price higher than today’s speaks volumes. All just my opinions, and who can tell. I’m hopeful.
Started: Jsmyth993, 2 Mar 2024 15:22
Last post: Jsmyth993, 2 Mar 2024 15:22
Mentioned in top 10 small cap article
https://citywire.com/new-model-adviser/news/top-investors-10-favourite-uk-small-cap-stocks-trounce-the-market/a2437247
Started: SkipJackTuna, 21 Feb 2024 13:27
Last post: Long-term-in, 28 Feb 2024 13:55
If the dividend is reinstate, say 2p interim plus 5p final and at a consrrvative uield of 4% yhe shatr prie will be £1.50. However, if the buyback continues the share price will continue to drift. Yield equals demand, no yield and a potential capital loss equals little demand. The only positive with regard to the current abysmal share prive id that the company is an obvious takeover targrt for any funf looking for a cash cow it can milk for regular dividends (adjusted profit of up to £80 millionprojected for this year and likely higher in future), as a result my stake in Greencore is currently a takeover arbitrage position.
So you don't believe the sp will be higher than 108p in 12 months time from today. Which leads on to suggest you don't believe the dividend will be reinstated in the same time frame.
Hmmmm, okay.
Apologies re. typo, should have read "bonds" not "bons"
Greencore's share price is going nowhere untill the dividend is reinstated. Lack of demand for Greencore as an investment at the moment because the shares do not provide a return and have not done so for years. Who in their right mind is going to invest for no return wnen they can get up to 5% guaranteed elsewhere from safe government bons and no chance of a capital loss which is all that Greencore has provided since 2019.
Maybe premature but seems to holding its own.
Started: MaryBr190, 19 Feb 2024 16:19
Last post: PANG, 20 Feb 2024 08:02
What gives you this idea, any facts
Bid alert ⚠️ 📢 when it comes, don't act surprised.
M x
Price action here is very encouraging from the 60s, stuck around 70/80 spiked to 93 fell back consolidated, spiked to 105 and pulled back 10% now back to high and about to break through. 130p short term on results.
Started: MaryBr190, 15 Feb 2024 07:46
Last post: Cardinal3, 15 Feb 2024 09:49
That's a good chunk for a non exec director.
130p incoming.
Started: Long-term-in, 27 Jan 2024 14:47
Last post: Long-term-in, 28 Jan 2024 21:18
Thanks for responding. I koww from the RNS how many shares are in issue. More interested in finding out how many shareholders there still are. I suspect up to 30% less than before the buyback started, and that most of those who left did so at a loss, which will have negative impact on the share price. Once bitten, twice shy.
I'm not sure how you would find that out as many/nearly all shareholders hold via broker accounts such as ii and are not personally identified.
No doubt you have your own way of looking at things but I would have thought what matters is the number of shares in issue not the individual shareholdings. You can get that by looking at the annual reports or checking back to the RNS on the date you want to start.
Does anyone know how many shareholders Greencore currently has ? I ask because am interested in understanding the efect the share buyback has had. On 29.11.2021, before the buyback, yhere were 8,537. Now ?
Greencore Group
Q1 update – off to a positive start
Greencore’s healthy Q1 like-for-like (LFL) growth of 5.8% (excluding Trilby and contract exits) was supported by healthy Christmas trading, with manufactured volumes ahead 5.6% over the four week period. Food to go (FtG) performance was supported by an overall sandwich LFL volume increase of 3%. Profit conversion was in line with management expectations, with cost inflation abating across raw materials and energy. The group anticipates FY24 profit delivery to be in line with current market consensus. As such, we envisage limited changes to our forecasts.
Disappointing update, nothing to expect material changes going forward.
Yes expecting an upgrade in earnings and return of dividend indication. A bid / MBO is not out of the question IMHO.
Adding to position on any drops, the price action since the next year suggests continuation of positive news.
Another bag of smoke.
Any forecast for the AGM, does anyone see any changes in forecasts
Started: MaryBr190, 22 Jan 2024 16:17
Last post: MaryBr190, 22 Jan 2024 16:17
1st one this year, who is organising it?
Started: MaryBr190, 14 Jan 2024 22:06
Last post: MaryBr190, 14 Jan 2024 22:06
Here's to a repeat of the Oct surprise and a return to the 120/135/150p levels
https://www.ft.com/content/39dcfbb0-8164-4581-91ba-794f8df959a8
Sandwich maker Greencore shares soar 25% after profit upgrade
Euan Healy October 10 2023
Greencore, the UK’s largest sandwich maker, has been able to raise its annual profit forecast as the popularity of “food-to-go” endures despite inflation and increasingly cost-conscious consumers.
The upgrade sent the Dublin-based group’s shares surging as much as 25 per cent to 86.25p on Tuesday following the unscheduled trading update.