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i hope we see a rise post results due to 1)better weather for easter sales 2) raw materials starting to fall from highs 3) cost cutting programme in place. however, potentially the share price has risen too quickly from Jan and the shorters are betting that Q3 results wont be as good as people are imagining. i think they will be better than last yrs quarter, but can potentially see a fall on day the results are released, just like happened to pfd yesterday.

Does anybody have any knowledge as to how far in advance Thorntons buy their ingredients. I’ve assummed that there is a lag of 1 month from purchase of materials to actually making/ selling the products (is this horribly wrong?), If you look at world cocoa and sugar prices from Sept to Nov compared to Dec to Feb there is an average fall in price of approx 15% and 8% respectively (this date with lag ties into the next quarter’s update to be released). Or if it was a 6mth lag the prices have dropped approx 33% and 4% for cocoa and sugar. Either way this should help thorntons turn a profit for the latest quarter, plus there was no easter heatwave like last year to put people off chocs. Any views?