Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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http://www.investegate.co.uk/Article.aspx?id=201103310700079474D
Dairy Crest all set for FY Date: Thursday 31 Mar 2011 LONDON (ShareCast) - Chilled foods firm Dairy Crest said pre-tax profit for the year ending 31 March 2011 remains in line with company expectations as trading in its fourth quarter remains strong. The group, which is behind brands such as Utterly Butterly and Cathedral cheese, said all five of its key brands increased sales this year. "We continue to benefit from being a broadly based business. This year a strong performance from our cheese business will compensate for more challenging trading in our spreads and dairies businesses," the group said in a company statement. It also sold more milk to the major supermarkets this year and have won a key contract to supply Tesco. However Dairy Crest cautioned that input costs have increased steadily during the year and it expects this trend will continue. To partially offset this the group said it is committing to another £20m cost reduction programme for the next financial year. The cost reduction programme started at the beginning of the current financial year has delivered annual savings ahead of its £20m target. Net debt will be lower at the end of the year than it was at the start, it said. Looking ahead chief executive Mark Allen commented, "This has been a year of strong progress for Dairy Crest in which we have consistently delivered on our strategy despite challenging trading conditions. We are well positioned with strong brands, tight cost control and an efficient supply chain."
Goldman Sachs , downgrades Dairy Crest to Conviction Sell from sell, cutting target to 302p from 364p,
Are Mueller looking at Dairy Crest as a potential take over target or is this a part acquisition, or pure speculation?
Despite a difficult economic environment, food manufacturer Dairy Crest (DCG) reported "strong" trading for the third quarter ended 31st December 2010, and expects pre-tax profits for the year ended 31st March 2011 will be in line with its expectations. The chilled dairy foods company said third-quarter sales of its five key brands - Cathedral City cheese, Country Life butter, St Hubert Omega 3 spreads, Clover spreads and Frijj milk shakes - were up 11% compared to last year. It added that operational cost savings of over 20 million pounds is anticipated by the full year. Shares in Dairy Crest edged back 3.8p to 376.8p.
within next two weeks, we will know, strong possibility dcg will win.
dairy crest group have just landed big contract with tesco to produce white milk and flavoured milk. dairycrest is undergoing total re-structureing. i think dcg shares by jan 2011 will be 525p.
they are stopping final salary pension soon .it should be good for the company as they got to put loads of money into this each money.should seen a big jump in sp when this happens
Solid Investment enjoy the divis
twice as many shares bought then sold. Nearly 3 times the average volume traded yesterday. Is there something happening here? or is the increased trading linked to the Unilever results? Any thoughts appreciated
Its fundamentally sound, and indeed a great cash generator. The brands seem to be doing well in these hard times and will hopefully do a hell of a lot better once our economy picks up again
hope too see 340 again
"Dairy Crest (DCG) shares surged by 34p to 258.5p after it surprised the market by announcing the sale of its 49% holding in Yoplait Dairy Crest to its joint venture partner, the French firm Yoplait, for 63.5 million pounds, resulting in an exceptional profit of 50 million pounds. Dairy Crest made 7.4 million pounds in profits from the joint venture during the year to 31st March 2008. It said a similar performance was expected the following year, but that profits were likely to be hit by the weak pound against the euro further ahead. The move should result in net debt at year end being about 435 million pounds, a substantial improvement on the previous position. The firm has been increasing market share amidst increased consumer caution by discounting, though no more than previously anticipated according to chief executive Mark Allen, who said that Dairy Crest had not been adversely affected by a move to supermarkets' own label products."
May be a bit early, but we shall see! "Dairy Crest has taken a big step in easing its debt position by selling its 49% stake in yoghurt group Yoplait Dairy Crest for £63.5m. Following the sale, the dairy products group now expects its net debt at year end to be about £435m."
ALSO INTERESTING THAT SENIOR BOARD MEMBERS HAVE BOUGHT FAIRLY SIGNIFICANT AMOUNTS OF SHARES ?? INCLUDING CEO
ANY ONE GOT ANY INSIDE GOSS ON THIS ONE ?? THINK THIS ONE WILL BE RISING IN THE NEW YEAR ?
Just seen your chats last Weds on the DCG thread. V. informative. I'm trying to sort the psychology of the result-related drop and the resulting bounce (that's my day job). Do you think it's fair to describe "resistance" during the climb back as down to people "locked in" to the share by the original drop?
you may already have this , but if not , use it and it may be of use to others , a great rescource tool and the market trader platform is free and a gives a great overview. http://www.digitallook.com/dlmedia/investing/uk_shares/company_diary
Cheers. I'm going to have to start shorting soon, up until now I've just traded on the current sp with little forward thought. I need to understand it better before getting involved though, wounds need licking first!
I think that when such a fall , usually created by results , happens , both long and short on 2 accounts . The worst case scenario is you break even but you are more than likely , if the stock stacks up on its fundementals , to gain from any fall from further weakness covered by your short and exceed your buy in later down the line by closing your short when it has found its market support level and the SP is then driven forward again.. kind of a drip feed touch should also be applied and reserve the major buy in when support is evident or you really believe it has been tested and oversold. Nothing is easy and mistakes happen , but , with DCG , its stacks up and you trade the stock as such. Weakness will occur , so trade that weakness not look at it.
It's nice to know that bad decisions are not just the doyen of newbies like myself. I bought the day of the big fall thinking they'd bounce a little way back and they've just kept falling. I bought 4000, sold half at 220p and no hold a measily 2000 shares. I'm considering averaging down though but don't know enough about the financial status. I should be slapped for impulse buying a well known brand
... took the £10k profit , will come back for more ... a great week thus far , may put some into SGC.
I really do not like posting on a main share board as I feel judged. I feel that whilst this stock is out of favour that it , in my book ,remains worthy of consideration. It has dropped some 30% since I showed interest , a little foot , but I am , imo , saying that DCG is a midcap that will perform and is a likely strategic takeover target. I did not like putting in another c.85k , but I feel that DCG will pay both pay their dividend and be subject to a bid , simple as that.
.... is my hedge , and I consider DCG a worthy punt for those that do not seek 100% the next day. I stated that I will pick a few that , imo , that be worthy of looking at. DCG be that. Yes I bought a few at c.250 , a few being 5,000 shares of which I see both red and a dividend and I just bought in today a further 50,000. Call me a sucker . but , as sad as I am , DCG are well positioned for a takeover.