Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Everyone likes a sandwich when sun's out. Let's hope for a hot summer.
Admin,
Many of the readers on this site also buy many of the company’s shares and to aid that we need as much up- to date information put out by London south east.
I would like to ask why it is that some information seems to be passed on and other information is not.
I just draw your attention to Broker up-date on 25th May HSBC cuts Greencore price target to 170 (220) pence - 'buy'
Which has never been published on your Broker up-date page above
And today 15 th June Berenberg cuts Greencore price target to 130 (175) pence - 'buy' but does appear on the broker up-date page above.
Like many posters / investors on here I would appreciate all the latest company information possible as soon as it becomes available.
Many thanks for trying to keep everyone up-dated.
I see we had another blue day whilst the wider market dived
It was good to see the SP increase (albeit small) on Thursday and Friday whilst the wider market plunged. The placing in Nov 20 at 112p looks to be a floor. As we saw on Monday this share can quickly move due to low liquidity. With plenty of people moving around, food to go should continue to improve, and the update at the end of July should be good.
Called it ??
either way I am holding and adding.
Yes great to see it move up a little at last, thre big question is will it continue to £1.40+ where it belongs or will it go back down again and wind us up even more.
so undervalued at these levels, nice move up from 106p. Awaiting the return of the dividend for a rerate. Has to be soon.
This should of happened on results day.
Better late than never
Following their results, HSBC cuts Greencore price target to 170 (220) pence - 'buy'
and about time. !!!!!!
So the city drop the SP today. nothing make any sense.
GLG has 2% shares they need to buy back...what a big error in judgement from them!! We will rise all the way to 130p today IMO.
Great results, now a long overdue rerate.....hopefully GLA
Bendipal, looks like your last post was/is way off the mark.
Let's hope we now get a better broker price up-lift back to £1.70+
So where to start as they all look great on all fronts.
PERFORMANCE 1
· Group Revenue up 33.6% to £770.8m, driven by strong growth in food to go and other convenience categories
· Pro forma revenue in food to go categories increased by 48.0% year on year and was approximately 8% above equivalent pre-COVID levels in H1 19
· Adjusted Operating Profit of £17.2m (H1 21: £0.2m), with Adjusted Operating Margin of 2.2% (H1 21: 0.0%)
· Adjusted EPS of 1.8p (H1 21: Adjusted Loss of 1.4p)
· Net Debt (excluding lease liabilities) of £219.3m at 25 March 2022, with 12-month free cashflow conversion of 71%. Net Debt: EBITDA of 2.1x as measured under financing agreements, in line with end FY21 levels, with substantial undrawn headroom on debt facilities
· Group ROIC of 6.3%, compared to 4.5% at the end of FY21 and (0.6)% at H1 21
· Intention to recommence value return of up to £50m over the next two years, initially in the form of a share buyback programme and consistent with the Group's capital management policy
Just being realistic, K.
Thanks Bendi your a ray of sunshine! Bakkavor down a similar amount, unfortunately you may have a point. Sarnies and ready meals, prepared salads, desserts etc may be side lined for more economical fare in the short term but i don't think convenience food is terminal. GLA
Likely there will be another profits warning and still no div after 2 years. GNC won't be able to blame it on covid this time They do seem to be heading in a downward spiral, and the 80% rise in wholesale wheat prices over the year and the inflationary damage that will cause to sandwich prices could eventually prove terminal. People on an economy drive will just stop buying sandwiches.
Don't they make you laugh Jefferies cuts Greencore price target to 120 (135) pence - 'hold' a week before they release their results. So do they know what's going to be in them No. you would think they would at least wait and see the results first wouldn't you. After all they might be up 100% then they will have egg all over their face.
Very strange drop for no reason that I can see, but when you also see PFD issue good results today and divi all on food products etc with SP up 6p+ you would have thought that this also being food everything looks good for results next week for GNC.
Who knows what's going on.
Anyone know why the drop? this is almost back to lockdown levels. New CEO didn't work any magic for SP :-(
New ceo Dalton Phillips, Let's hope he doesn't balls it up like he did at Morrisons..... Still remember the displays of salad and veggies being misted to keep them fresh.... yes they all rotted. That was his brainwave !!!
A 5 million trade earlier (nearly 1%). Don't know if it was a buy/short or regarding a large investor or short. But hopefully the SP will advance from these depths
I see Blackrock are buying again (I hold ITV and Blackrock has been buying there as well).
Has anyone taken over from Coveney? I haven't seen anything about it
Sometimes investing requires more patience. This will come good, just when but adding on drops
Big fall for no news, could be someone is selling out there holding. What is Coveneys holding at present,