"Since entering the US market in 2008, convenience foods maker LSE:GNC:GreencoreÂ has grown rapidly to the point that American consumers now generate almost 40% of the company's Â£2.3 billion in annual revenues.This growth included the biggest deal ..."
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.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.