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Pin to quick picksGreencore Share News (GNC)

Share Price Information for Greencore (GNC)

London Stock Exchange
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Share Price: 138.00
Bid: 137.00
Ask: 137.80
Change: 4.80 (3.60%)
Spread: 0.80 (0.584%)
Open: 135.00
High: 138.00
Low: 134.20
Prev. Close: 133.20
GNC Live PriceLast checked at -

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Sunday share tips: Greencore, Round Hill

Sun, 11th Jun 2023 14:50

(Sharecast News) - The Sunday Times's Lucy Tobin tipped shares of Greencore to readers.

The sandwich maker's share price had been pummeled in the wake of workers' exodus from the office during and after the pandemic.

They had fallen from £2.60 a share in January 2020 to 80p at present.

Yet commodity prices were easing and according to the British Sandwich and Food To Go Association, Britons' consumption of sandwiches had since recovered to 85% of their pre-pandemic level.

Homeworkers were also said to be spending more on easy lunches, predicting that the overall food-to-go market would be worth £19.8bn by the end of 2023 or 8% more than in 2019.

Furthermore, its net debt had been trimmed and the company was now returning capital and buying back shares.

The trend in operating profits was also pointing higher.

"Sarnies might not improve with age, but Greencore should see tasty growth over the next few years: buy."

Music royalties outfit Round Hill were offering attractive dividend income and long-term growth prospects, the Financial Mail on Sunday's Midas column said.

Hence, the shares were a 'buy', the tipster told readers.

The company owned 51 catalogues that included over 120,000 songs on which it collected fees each time that they were played again.

At the company's request, two firms had valued its portfolio at approximately $600m, implying a net asset value of $1.27, against a current share price of US 78 cents (63p).

That had prompted its chief executive officer, Josh Gruss, to spend almost £9m during the past month alone, taking his family's stake in Round Hill to 6.3%.

Sales were up by 32% across 2022 to $32.4m and the divi was raised by 13% to US4.88 cents per share.

And analysts were expecting a payout of at least 4.5p per share over the next three years.

"The music industry is vast, vibrant and expanding fast. Round Hill Music Royalty Fund is small in this £75 billion market but Gruss is a smart operator and the shares, at 78 cents (63p), offer attractive dividend income and long-term growth prospects. Buy."

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PRESS: Activist investor Oasis owns just under 5% of Greencore - FT

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23 Feb 2024 09:00

IN BRIEF: Greencore completes GBP15 million share buyback programme

Greencore Group PLC - Dublin-based maker of package sandwiches and other convenience food - Completes GBP15 million share buyback programme. In October, Greencore started its share buyback programme as part of a GBP50 million return of capital to shareholders announced in May 2022. The buyback will run until March 30, at latest, with the maximum amount of shares bought back being 26.6 million.

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21 Feb 2024 14:08

IN BRIEF: Greencore Non-Exec Anne O'Leary buys 50,000 shares

Greencore Group PLC - Dublin-based maker of package sandwiches and other convenience food - Non-Executive Director Anne O'Leary buys 50,000 shares at GBP1.05 each, worth GBP52,256, in London on Tuesday.

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15 Feb 2024 16:06

Director dealings: Greencore non-executive director makes share purchase

(Sharecast News) - Greencore revealed on Thursday that non-executive director Linda Hickey had acquired 50,000 ordinary shares in the London-listed food company.

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15 Feb 2024 10:41

IN BRIEF: New Greencore senior director buys GBP50,000 in shares

Greencore Group PLC - Dublin-based maker of package sandwiches and other convenience food - Senior Independent Director Linda Hickey buys 50,000 shares at GBP1.00, worth GBP50,000, on Tuesday. Hickey stepped up to senior director in January, replacing Sly Bailey.

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12 Feb 2024 09:41

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25 Jan 2024 12:24

IN BRIEF: Greencore says annual profit will meet market expectations

Greencore Group PLC - Dublin-based maker of package sandwiches and other convenience food - Tells annual general meeting on Thursday that revenue declined by 4.7% annually in the first quarter of its financial year to GBP441.3 million. However, on a pro forma basis, which adjusts for the disposal of Trilby Trading Ltd in Ireland last year, revenue is down just 0.4%. On a like-for-like basis, it is up 5.8%. Greencore's largest category, food-to-go, has GBP293.7 million in revenue, up 0.9% on a both a reported and pro forma basis, while other convenience categories has GBP147.6 million in revenue, down 14%, or by 3.0% pro forma.

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25 Jan 2024 08:40

Greencore holds guidance despite Q1 revenue fall

(Sharecast News) - Food supplier Greencore said it was in track to meet market expectations for the financial year, despite a fall in first-quarter sales.

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18 Jan 2024 16:29

UK shareholder meetings calendar - next 7 days

Friday 19 January 
Cardiff Property PLCAGM
Character Group PLCAGM
Focusrite PLCAGM
Substrate Artificial Inteligence SAGM re investment agreement and issue of equity
Monday 22 January 
Highcroft Investments PLCGM re de-listing from LSE and relisting on TISE
Smart Metering Systems PLCGM & court meeting re takeover by funds advised by KKR
Tuesday 23 January 
C4X Discovery Holdings PLCAGM
Marston's PLCAGM
Mitchells & Butlers PLCAGM
Wednesday 24 January 
Henderson Far East Income LtdAGM
Lowland Investment Co PLCAGM
Tracsis PLCAGM
Thursday 25 January 
Alteration Earth PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Ixico PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Greencore says business "stabilised" but remains off dividend list

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Greencore reports 3% fall in full-year profits

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