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results are good, this company is great, They are still building a factory in NZ also, ever expanding, but doing it right.
some shares posts bad reviews and shares flying Here great results and nothing I mean i am tired of this ridiculous bahaviour
Any thoughts on these results?
....
seems like someone may be shorting HFG, not sure why? fantastic company...will see how far she goes before I top up some more
Slow and Steady she goes, the Company just gets better and better, and quietly going about its business expanding globally. This is 1 of 2 of my safe stocks, the other being Cranswick.
this company just keeps on giving, any profit I make in other trading , 50% goes back into HFG, safe a stock as any and outstanding growth.
in 17 years when I retire , this beauty of a share will be my income :)
SP performing very well, company is ran so well and they are specialists in food manufacturing/packing, cant wait to see what my shares will be worth in 17 years, that's when I will cash out :)
good to see Hilton SP recover...great company and great business model...this is one of my safe stocks
some huge sells going on today, 21m...then a few seperate million....
Did you have a go? I bookmarked it to watch but fear I have missed the best of it now.
Looks bullish to me but I can't see reasons for a big breakout to the upside except from a big event, which would have to be a bid. Any comments please?
* Notice of Annual General Meeting 2013 * Form of Proxy for the Annual General Meeting Copies of the above documents were posted to shareholders on 15 April 2013 and have been published on the Company's investor website at www.hiltonfoodgroupplc.com. These documents have also been submitted to the National Storage Mechanism and are available for inspection at www.morningstar.co.uk/uk/NSM. The Company's 2013 Annual General Meeting will be held at The Old Bridge Hotel, 1 High Street, Huntingdon, Cambridgeshire PE29 3TQ on Wednesday 15 May 2013, commencing at 12pm.
Still, that shouldn't detract from the fact that Hilton is coping well in today's less than ideal conditions. There's also a tasty prospective dividend yield on offer - over 4 per cent based on Numis' estimated payout for end-2013 - supported by impressive cash generation. Yet the shares trade on 12 times the broker's end-2013 earnings estimate - not especially pricey for a food producer, even though most in that sector can't point to a growth story that looks as compelling as the potential from Hilton's Australian joint venture
That success is clear from its recent performance. Despite the impact of higher raw material meat prices on consumer demand, Hilton reported overall volume growth of 10.3 per cent at the half-year stage - helped by a contribution from its new Danish facility. The company is also generating plenty of cash - a fact that helped cut the net debt burden by 40 per cent at the half-year point, while also allowing for decent 10 per cent hike in the half-year dividend payout. Moreover, a trading update this month revealed that Hilton's performance had remained solid. The weak European economic backdrop, though, along with higher meat prices, are a worry. That's forcing cash-strapped consumers to trade down which is bad news for profit margins - the group's half-year operating margin, for example, fell about a percentage point on 2011's half-year margin figure. The group is also experiencing more competition in central Europe and looks heavily dependent on business from a single customer - Tesco, is currently responsible for about 35 per cent of Hilton's sales.
Even without the joint venture, Hilton looks in reasonable shape. It began expanding from its first facility in Huntingdon in 1999 and the group's success has largely reflected a focus on product development and through following existing customers as they entered new markets. It has benefited, in particular, from the fact that its central meat packing model is one that can be replicated relatively easily, while supply and production chains are flexible - allowing Hilton to seamlessly add fresh product lines for customers and take advantage of consumer-led trends.
Meat packaging isn’t the most glamorous of businesses, but Hilton Food (HFG) looks well placed within its sector. Not only does is pack and supply food in state-of-the-art factories for major European supermarkets such as Tesco, Ahold, Albert Heijn and Ica, but it can also point to a degree of growth potential that many of its rivals would struggle to match. That's because Hilton has entered into a joint venture with Australia's largest retailer, Woolworths. The partnership will see Hilton take a 50 per cent stake in a new company, Woolworths Meat Co Pty, which will operate Woolworth's Bunbury Meat Centre. Hilton will run the facility, providing expertise rather than capital, and oversee an upgrade. Bunbury already supplies 84 Woolworths stores in Western Australia and Hilton could eventually supply some of Woolworths' other 3,000 stores. This is a major coup for Hilton which, until now, had been purely focused on European markets and the potential here has led some brokers to hike their earnings forecasts. Peel Hunt and Panmure Gordon, for instance, have upped their end-2014 earnings estimates, by around 4 per cent and 6 per cent, respectively, on the news.
oh and "The group's financial position remains strong, there having been no significant change to the balance sheet position since the half year."
Meat packaging firm Hilton Food said trading across the group's operations has been in line with company expectations in the period from July 16th 2012 to date and sees growth opportunities in domestic and overseas markets. The Cambridge headquartered group said it had made steady progress in Western Europe with volumes picking up in Holland and the UK. Its performance in Sweden, Ireland and Denmark has been steady since the half year while central Europe has also been trading performance in line with company's expectations, it said. "Overall, we are encouraged by Hilton's progress this year against the backdrop of challenging market conditions," it said in a company update
Hilton Food: Panmure Gordon keeps buy rating and 315p target.
Shore Capital kept its "sell" recommendation on meat packer Hilton Food (HFG) as it believes the company's earnings multiple is too full given current market challenges and trading momentum. The broker believes there are stocks that face similar market challenges yet offer an income yield at a higher level and therefore has a "sell" stance on the shares. HIlton Food shares rose by 3.625p to 277.875p.
INTERIM MANAGEMENT STATEMENT Hilton Food Group plc, Europe's leading specialist retail meat packing business, provides its interim management statement for the period from 16th July 2012 to date. Trading for the period across the Group's operations has been in line with the Board's expectations. In Western Europe we have made steady progress, with volumes picking up in Holland and the UK, where Hilton has supported its customers with a number of initiatives. Our performance in Sweden, Ireland and Denmark has been steady since the half year; we are pleased with the continuing roll-out of the store-order picking facility in Denmark, where we have now started to pick third-party products. In Central Europe, the Group's trading performance has been in line with our expectations. Overall, we are encouraged by Hilton's progress this year against the backdrop of challenging market conditions. The Group's financial position remains strong, there having been no significant change to the balance sheet position since the Half Year. Hilton continues to explore opportunities to grow the business in both domestic and overseas markets. The Group expects to issue a pre-close trading statement on 10th January 2013 and to announce its preliminary results for the 52 weeks ended 30th December 2012 on 28th March 2013.