If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRHMP.L Share News (RHMP)

  • There is currently no data for RHMP

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."

Related News

Greggs hires Bakkavor executive as new CFO as Richard Hutton to depart
1 Jul 2026

Greggs hires Bakkavor executive as new CFO as Richard Hutton to depart

(Alliance News) - Greggs PLC on Wednesday said it has hired a former executive of convenience food maker Bakkavor to be its new chief financial office...

WINNERS & LOSERS: Hays refocuses on core markets; Weir wins contract
17 Jun 2026

WINNERS & LOSERS: Hays refocuses on core markets; Weir wins contract

(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday.

Director dealings: Greencore chair snaps up shares
10 Jun 2026

Director dealings: Greencore chair snaps up shares

(Sharecast News) - Greencore revealed on Wednesday that non-executive chair Leslie Van de Walle had acquired 125,000 ordinary shares in the FTSE 250-l...

RHMP.L News

IN BRIEF: Round Hill Music Royalty now owned by Alchemy Copyrights
31 Oct 2023

IN BRIEF: Round Hill Music Royalty now owned by Alchemy Copyrights

Round Hill Music Royalty Fund Ltd - private equity firm investing in revenue-generating music copyright assets - Takeover by Concord Cadence Ltd, owne...

TRADING UPDATES: Digital 9 dismisses call for strategic review
30 Oct 2023

TRADING UPDATES: Digital 9 dismisses call for strategic review

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Round Hill Music shareholders vote for Alchemy takeover
18 Oct 2023

Round Hill Music shareholders vote for Alchemy takeover

(Alliance News) - Round Hill Music Royalty Fund Ltd on Wednesday said its shareholders have voted for the proposed acquisition of the fund's portfolio...

Round Hill Music celebrates revenue rise on active music management
20 Sep 2023

Round Hill Music celebrates revenue rise on active music management

(Alliance News) - Round Hill Music Royalty Fund Ltd on Wednesday touted the quality of its catalogue, alongside effective and active management, after...

LONDON MARKET MIDDAY: Stocks mixed amid bleak UK labour report
8 Sep 2023

LONDON MARKET MIDDAY: Stocks mixed amid bleak UK labour report

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a report from KPMG/REC on the UK labour market painted a grim picture.

TOP NEWS: Round Hill Music shares surge on takeover offer from Alchemy
8 Sep 2023

TOP NEWS: Round Hill Music shares surge on takeover offer from Alchemy

(Alliance News) - Round Hill Music Royalty Fund Ltd on Friday revealed it has agreed to a cash takeover offer with Alchemy Copyrights, giving the fund...