Greencore Group plc is a leading international manufacturer of convenience foods. We have 22 convenience foods manufacturing sites in the UK and the US; and employ in the region of 12,000 people.

The Convenience Foods Division provides a wide range of chilled, frozen and ambient foods to major retail, manufacturing and foodservice customers in the UK and Ireland, as well as many in Continental Europe, the US and beyond. We have long-standing experience in customer brand as well as providing a selection of house and licensed brands. The Division consists of six manufacturing category businesses comprising 15 sites in the UK and seven in the United States. We also operate a UK nationwide chilled van distribution fleet to service individual outlets.

The Ingredients & Related Property Division comprises Trilby Trading and associate molasses companies as well as a specialist property team that is working to maximise the value of the Group's property assets.

At Greencore, we aim to provide a distinctive approach that combines consumer understanding with customer care and a passion for providing the very best products and service.


In 2011 Greencore became a founding member of the British Irish Chamber of Commerce.
Welcome from Group CEO




http://www.greencore.ie/

14:30 28/07/2016
Broker Forecast - Numis issues a broker note on Greencore Group PLC

Numis today upgrades its investment rating on Greencore Group PLC (LON:GNC) to buy (from hold) and raised its price target to 382p (from 378p). Story provided by StockMarketWire.com

04/10/2016
BUY
Patrick Coveney
CEO
12,267

04/10/2016
BUY
Gary Kennedy
CH
372

04/10/2016
BUY
Alan Williams
RES
4,262

04/10/2016
BUY
Heather McSharry
NED
80

04/10/2016
BUY
Eoin Tonge
FD
730

Proposed acquisition of Peacock foods

Full 2016 results

FINANCIAL HIGHLIGHTS
·      Group revenue of £1,481.9m, up 10.6% (as reported) and up 5.9% on a like-for-like1 basis
·      Convenience Foods revenue of £1,435.2m, up 6.6% on a like-for-like1 basis
·      Group EBITDA2 up 13.9% to £138.4m
·      Group Operating Profit2 up 11.2% to £102.0m
·      Group Operating Margin2 of 6.9%, a 10 bps increase
·      Growth in adjusted EPS3 of 8.3% to 19.5p
·      Proposed final dividend of 4.10 pence per share, giving a total dividend of 6.65 pence per share, up 8.1%
·      Net debt of £331.8m with net debt:EBITDA leverage as measured under financing agreements of 2.4 times
 
STRATEGIC DEVELOPMENTS
·      Continued strong momentum across UK and US food to go activity with 10.5% like-for-like revenue growth, well ahead of market performance
·      Phase two of the Northampton expansion project completed on time with commissioning well under way.  New sushi facility at Northampton also constructed and now being commissioned  
·      Further capacity investments made in H2 16 in UK food to go capacity in order to support strong growth pipeline
·      Acquisition of The Sandwich Factory Holdings Limited ("The Sandwich Factory") in July 2016
·      Rhode Island facility fully commissioned and Seattle build completed on time and to budget
·      We have today also announced the proposed transformational acquisition of Peacock Foods which will accelerate our vision to become a fast-growing, international convenience food leader and establish a scaled and profitable platform for future growth in the US
 

14 Nov
Goodbody
N/A
Restricted

14 Nov
Peel Hunt
425.00
Buy

Admission of Nil paid rights

FY16 Final Dividend Scrip Dividend Offer
RNS
RNS Number : 4733R
Greencore Group PLC
09 December 2016
 
 
 
 
 
GREENCORE GROUP PLC
 
CONTACT MR. C. O'LEARY
TELEPHONE:  +353 1 6051040
 
 
 
 
 
 
GREENCORE GROUP PLC ("Greencore")
 
 
FY16 FINAL DIVIDEND FOR THE YEAR ENDED 30 SEPTEMBER 2016
 
SCRIP DIVIDEND OFFER
 
 
Greencore announces that the price of a new Ordinary Share in respect of the FY16 Final Dividend Scrip Dividend Offer for the financial year ending 30 September 2016 will be £2.25. As the cash dividend is 4.10 pence per share, the entitlement will be one new Ordinary Share for every 69 Ordinary Shares held where dividend withholding tax applies and one new Ordinary Share for every 55 Ordinary Shares held where dividend withholding tax does not apply. 

Market buzz - Howard Whitman reiterated its 'buy' rating and 310p price target on Greencore following a meeting with the company's chief financial officer on Tuesday.

It said key messages included a positive outlook for UK Food to Go, sustained momentum within the incumbent US business - notable accounts include 7-Eleven and Starbucks - and positive expectations for the newly acquired Peacock Foods.

"The company appears well placed to perform positively in FY2017," the brokerage said.

On 14 November, Greencore announced the planned acquisition of US-based convenience food business Peacock Foods and a rights issue.

In light of this, Howard Whitman has taken the opportunity to update its forecasts. It noted the first full year of the merger will be 2018, with Greencore's US business set to grow four-fold, rising from 15% of group sales to 45%. Meanwhile, synergies should kick in in 2018 also, with only very few to be felt in FY17.

Howard Whitman upped its forecasts for 2017 revenue by 63.4% to £2.5bn and for earnings before interest and tax by 31.2% to £139m.

For 2018, it lifted its revenue forecast by 80.7% to £2.85bn and its EBIT estimate by 55.1% to £177m.

12:10 22/12/2016
Director Deals - Greencore Group PLC (GNC)
Gary Kennedy, Chairman, bought 7,353 shares in the company on the 21st December 2016 at a price of 238.00p. The Director now holds 90,169 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

Total holding for BlackRock, Inc. has gone below 5%

Reading post 161 the company seems in fine order, even if the sp has caught a winter cold. Cheers skinny and a happy Christmas.

And to you too DC - I haven't held these for a while - on the Holiday review list!

30 Dec 2016
Acquisition
Source: RNS
RNS Number : 1142T
Greencore Group PLC
30 December 2016
 
 
FOR IMMEDIATE RELEASE
 
30 December 2016
 
Greencore Group plc
 
("Greencore" or the "Company")
 
Completion of Acquisition of Peacock Foods
 
Further to its announcement of 14 November 2016, Greencore, a leading international convenience food business, is pleased to announce the completion today of the acquisition of Peacock Foods.
 

Tips of the Year 2017 -

IC growth tip for 2017

Annual General Meeting
31-Jan-17

Q1 Trading Update
31-Jan-17

FY17 Interim Results
23-May-17

Q3 Trading Update
25-Jul-17

FY17 Financial Year End
29-Sep-17

FY17 Full Year Results
 28-Nov-17

10 Jan
Investec
325.00
Buy

Looking for Greencore to be a good recovery share for 2017. Patience needed.

Greencore: Jefferies restarts coverage at buy with a target price of 300p.

Notice of Trading Statement


Further to the announcement of 30 September 2016, the 2017 Annual General Meeting of Greencore Group plc ("Greencore") will take place on Tuesday 31 January 2017.

Greencore will also release its FY17 Quarter 1 Trading Statement for the 13 week period to 30 December 2016 at 7am on Tuesday 31 January 2017. A conference call for investors and analysts will be held at 8.30am (GMT) on Tuesday 31 January 2017. The conference call details, along with the FY17 Financial Calendar, are available on Greencore's website at www.greencore.com

Just hope a big correction occurs. ;-))