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GNC will have to look at what sites they can keep operational & move volume around to make it fit .
They have a lot of lines producing nothing ..with no office Christmas party's & low footfall , its not looking good with the normal Christmas uplift in FTG . SP could take a few seasons to recover to £1.50 at best.
I did you all heads up on the SP sinking to under a £1 and now on the path to 70/80p buyers market or brave management buy out. With a cold winter & working from home the FTG market will be on its knees .
Lets hope Covid gets sorted ready for a recovery plan for GNC to fill the till in the warmer months of 2021
I was happy watching the SP bobbing about in the £2.50 ...now we will be lucky to see it over the £1 mark . the numbers are out in Nov they will be shocking with poor retail sales & M&S on its knees with not much footfall with FTG .
Its very expensive to run factories at half volume & poor press reporting on Covid at the M&S site add this to the mix , the SP could drop to the 80p mark
I agree with you OHSEE ...GNC executive team have wasted millions on poor preforming sites & are now tidying up the rest of non food to go division to off load to a brave buyer.
The retailers are all under severe competitive pressure as always .. JS & Asda marriage will be a challenge for GNC as this will expose them to very low margins in new tenders.
Lets hope GNC sp will hit £2 next week so i can get out on top.
Seems GNC have had a good summer in food to go... the rest including USA would be best sold off to the bravest
GNC have again moved the exec management in to new roles. one or two could be out of there comfort area of expertise . this does not give me confidence to invest more . I m sure the hot summer will cover up some of the numbers of poor management diction that will be lost in the wash. We will all know on the 4 Dec if we will have food on our table for Christmas .
Greencore are experts in sandwiches & have the best teams in the business for the food to go market in the uk , we all knew the USA would be a stone in the shoe . off load Peacock & head in to Europe's food to go market. Greencore SP should limp back after the city have had a few slices of greencore cake . Not nice getting burnt ...lets hope we win on paddy's day that will take my mind off my loss.
Grocery has been dead in the water for years with no value to outside interest , with the price point on its knees under the �2 ....it's a snap buy keep the middle ( food to go ) off load the rest at buy price .. the share price would hit �5 . This group of factory's could grow to be come world leaders in food to go . We are dreaming if we all think USA & grocery are the magic that GNC are relaying on to push the price point to �3... job loss never ever improve margins it just gives talent to our competitors.
Its all good news ...GNC cleaned up at the sammies award in london last month, investing 30m at the northapton site & USA get a new factory its all about investing at the right time with the right team..GNC will be posting big numbers this year end. price point will be over £3 & moving up to the £4
Hi All, i was in '68p still holding ...last year vol was given a blast with a long summer ..fingers crossed we hit hit warm weather early ..the numbers will look good. USA has just had a big investment that will put more cash in the pot for 14/15.