The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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From last up-date, only a week or so ago.
Nothing to worry about. I hope. !!!
HIGHLIGHTS1,2,3
· There has been further improvement in revenue, profitability, and cash flow momentum during Q4, supported by a continued increase in demand for food to go categories and strong execution on new business wins
· Revenue trends continued to recover through Q4, with Group pro forma revenue 27% above Q4 20 levels and 1% above equivalent pre-COVID levels in Q4 19. For the full year, the Group anticipates a reported revenue outturn of approximately £1,320m
· The Group expects to generate an FY21 Adjusted Operating Profit outturn towards the upper end of previous guidance of between £36m and £40m
Disappointing follow through to be honest. Not looking in any way strong. I wonder what the market is trying to tell us/price in?
P.S surprised nobody came with a buyout offer over the last year to be honest!
Was not expecting anything as positive as that to be honest. Debt 60 million less than expected as well. Revenue rising and we are ahead of Pre-COVID Q4 revenue levels. Pity we are getting clobbered, but it is very promising to hear this. If they could restore the divi in the next few quarters, it would be a fantastic managerial job.
Well I didn't expect that, the results for Qtr4 and year end numbers look really great considering everything that's been going on.
It's great to get almost the final year end numbers at this stage and shows we won't be getting any shocks, didn't see anything about divi or did I miss it through excitement, should soon see the SP back over £1.70.
Happy with direction of travel and will add on any drops towards the 120 130 range - cetainly one to tuck away and add to for me as my average costs is low.
DYOR GL All
we may see 150p today ,although like you said FTSE is not looking good.
Shame the Ftse is going to tank today, otherwise I think it would have been a very good rise today on a strong RNS update. The company I believe is becoming more and more attractive. Gla
here we go
GNC - just waiting for a MBO or a bid is a matter of time.
Expect it to happen before the recovery sets in fully. Over 170p, too low to get my shares, £3 perhaps.
My markers to look back on in years to come.
Not a recommendations, DYOR
The government has struck a deal with a US firm that supplies 60% of the UK's carbon dioxide to restart production following food shortages warnings.
CF Industries stopped work at two of its fertiliser factories, which also produce CO2, due to soaring gas prices.
Carbon dioxide is widely used in the food industry, including in brewing and the packaging process for meat and salads to prolong shelf life.
It is not clear yet what incentives the government have offered the firm.
It could take as long as three days for the plants to start producing CO2 again at its plants in Cheshire and Stockton-on-Tees.
The move comes after one food industry group warned that consumers could start noticing gaps on supermarket shelves within days if there was no intervention in its supply.
Carbon dioxide, produced at the two plants as a by-product, is used when slaughtering pigs and chickens to stun them.
SHIFT PATTERNS CHANGING TO KEEP UP WITH THE DEMAND AS ITS HITTING PEAK PERFORMANCES FROM 2020
MAYBE WHY THERES A RAISE TODAY?.
Retail sales in the UK fell for the fourth month in a row in August, but people spent more time eating and drinking in bars and restaurants.
Averages today buying outweighing selling by 75% but price does not change whos playing the market?
need a big jump to get this motivated again .
Many directors sell to deal with personal commitments. Timing is not always opportune for other shareholders.
I doubt Patrick's sale would be the insider dealing you imply or we would see all the directors doing the same.
Time will tell, it is just an opinion. My feeling is the strong recovery is intact and I will be buying up some of his shares. The interest on the loans he took out to buy the shares would be mouthwatering so trim a bit and sleep easily.
He still has a shed load of shares.
How would you know? We have a recent statement saying how well he company was recovering, then not long aster the CEO dumps 950,000 shares. I sense the market smells a big rat.
Coveneys sale for personal reasons triggered SP weakness. Disappointing tbh, but no change in outlook.
The 9 analysts offering 12 month price targets for Greencore Group plc have a median target of 160.00, with a high estimate of 190.00 and a low estimate of 135.00. The median estimate represents a 15.11% increase from the last price of 139.00.
gla
Topped up in the mid July drop in the [low 120s], looking good atm.
Gaining direction at last. IMO should be higher and dividend resuming in due course. What is not to like!
Yes so am I, there seems to be plenty of positive news coming out and I am sure it's only a question of time before we see £1.70+ again but I also thought wew would be in the £1.50's by now.
Still GNC is not going broke so can sit back and not worry, but is i worth just topping up?
I’m surprised it’s still at this level, demand has rebounded and the company has upped their forecast. Saw this article recently which is worth a read https://www.bloomberg.com/opinion/articles/2021-08-17/private-equity-s-strategy-in-the-great-british-corporate-dumpster-dive?srnd=premium-europe
confidence a 500k yesterday and today this
20-Aug-21 08:38:13 129.90 105,000 Buy* 129.70 130.00 136.40k O
20-Aug-21 08:38:03 129.90 103,494 Buy* 129.70 130.10 134.44k O
Its all good news Trojan. The capital works program has been ongoing through all the lockdowns and there's a lot more in the pipeline. They're realigning the business to the post covid future.