yes, fully agree.
I bought these at £1.00around the horse meat time and the price shot up to £3.50 i expected more but with discounting and brevett this was unfairly punished .i did sell and have bought in again.should go higher past £2.60
This is recovering faster than I expected having bought late October, which is good news. But I can't help but feel there's going to be some profit taking soon, with a small pullback. Barring any unexpected shocks with trading statements I think we should see 260 -280 in 2018.
As can be seen in the 3 year chart the sp spent nearly first half of its time outperforming the FTSE All Share index, with the post referendum crash responsible for subsequent under-performance. The sp still has a fair way to climb just to catch up with the FTSE ASI. Also noticeable is that this is the first time since June 2016 that the sp has pushed through its 50 week ma with that line itself having just turned positive for the first time since summer of 2016. So a Buy signal has been given.
Yes this is sliding fast.Apart from negitive Brexit news,no more frozen food in US.I guess that its to do with Amazon who have bought a food retailer and will next week start undercutting some prices.Market has well overreacted .GNC was doing well a year ago and now is at a modest level.I might buy in again soon .
Like many shareholders, executives are confused and frustrated with the weakness in the share price despite delivering solid operational performance year to date, a Merrion Capital analyst wrote in a note to investors.
We are not going to assume that something untoward is happening at Greencore because its share price has been under pressure but prefer to base our assumptions around recent updates, guidance and industry trends, the analyst continued.
Analyst Jason Mollins told clients that Goodbodys stockbrokers near-term forecasts are unlikely to change materially, albeit medium term profit growth may be nudged down slightly.
Over the past week Greencores share price has fallen by as much as 15 per cent.
Shares in food producer Greencore Group (GNC) fell by nearly 8 per cent after its biggest US customer, Tyson Foods, announced it was buying Advance Pierre for $3.2bn (£2.5bn) - a business operating in Greencore's fast growing "food-to-go" niche. But we feel that the market's knee-jerk reaction to the news ignores the fact that this deal probably represents more of an opportunity than a threat for Greencore.
Can anybody tell me what happened yesterday for the sudden drop which is continuing today ?
I took I day off, went away and it seems there was an announcement or something ?
Please post if anybody knows the reason ?
Sorry to disagree Infra-penny as to the lowest price you could've got in for the rights issue.
I believe it was 275-280 at best. The day after the offer closed, it sank to 235.
If in at 280 , you'll break even at 235. Any higher, you're OK.
My existing shares from 110p are going to do very well.
238p current price must be the lowest price for anyone taking up the rights. For me personally, I bought in at 301p, so my breakeven is about 245p. I think there's quite a story ahead here. Investec don't behave like an in house broker chucking about daft target prices. They are the real deal and say 330p post takeover. I was unconvinced by the logic of the takeover but clearly there are now a lot of people who want an increased slice of the increased action.
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