Britvic.........

Britvic PLC is one the two leading soft drinks companies in the UK. It was floated after InterContinental Hotels, Whitbread and Pernod Ricard SA sold 181m share. Britvic is one of the two leading soft drinks businesses in Great Britain by both volume and retail sales value, with many of its brands being number one or two in their respective sub-categories. The Company is the number one supplier to the GB licensed on-trade and number two in the GB take-home. Its brand include Pepsi, Robinsons, Tango, Britvic, J2O and Fruit Shoot.




DAILY INTRADAY CHART.......

Bearish engulfing candle, but at least its closed the gap!

yup, looks that i'm in a bit early at 744.5 but of course no one ever really knows the bottom, and that level was very close to 25 dma having already fallen through 50 dma

anyway, i reckon it's still a good stock to hold with a reasonable likelihood of a decent summer ahead - i hope!

A small dabble @732.50p

Britvic profits up

StockMarketWire.com

Soft drinks group Britvic posts pre-tax profits of £147.0m for the 52 weeks to 27 September - up from £132.9m last time. There was a slight revenue decline of 0.6% to £1,300.1m, with volume growth of 0.9% and ARP decline of 1.5%.

But EBITA rose by 7.1% to £171.6m, with an EBITA margin increase of 100bps.

The group says the full year dividend of 23.0p, up 10.0% on last year, reflects earnings growth and robust cash generation.

Chief executive Simon Litherland said: "We have delivered another strong set of results, with margin growth and profit significantly ahead of last year, despite challenging market conditions. In all of our core markets, we continued to take volume and value share. I'm pleased to have completed the acquisition of Ebba in Brazil, which will create significant value for shareholders in the future.

"2016 will see significant developments and investment in the drivers of our future growth. We have established the route to market for Fruit Shoot multi-pack in the USA, which we will launch in the first half of calendar 2016. We are also planning a major investment programme in GB, which will deliver further efficiencies and flexibility in our supply chain.

"We have seen a slow start to the year, reflecting the continued challenging market conditions. However, with our compelling marketing and innovation plans and our continued focus on disciplined cost management we are confident of increasing our profitability in 2016."



Story provided by StockMarketWire.com

George Osbourne's budget in March implemented plans to introduce a 'Sugar' tax on soft drinks in 2018, primarily to counter the rising trend of obesity in children.

The above and Brexit has had an obvious impact on sp. Recently bounced of 580p a three year low and keeps banging it's head against current resistance 620p.

Q3 Trading Statement next Thursday 21/07.

Went long on the spreads Friday @ 609.71. Just a wee punt initial target 650p to close the gap.

http://www.brokerforecasts.com/brokers/32/JP+Morgan+Cazenove

LATEST BROKER VIEWS

Date Broker New target Recomm.
8 Jul Barclays... 725.00 Overweight
6 Jul Deutsche Bank 700.00 Hold
5 Jul JP Morgan... 590.00 Underweight
28 Jun Societe... N/A Hold
27 Jun Societe... 700.00 Hold
21 Jun Goldman Sachs 838.00 Conviction Buy
31 May Goodbody N/A Buy
24 May Goldman Sachs 838.00 Conviction Buy
23 May JP Morgan... 650.00 Underweight
20 May JP Morgan... 650.00 Underweight
Broker Recommendations for Britvic

Stop to entry for risk free trade.

Nice start to the week, next resistance to get through 630p then providing Market doesn't go tits up make a play to close the gap.

Britvic revenue up in third quarter

StockMarketWire.com

Britvic (BVIC) reported quarter three group revenue of £346.3m, up 5.3% on last year.

On an organic basis, revenue declined 0.7% to £326.5m.

Chief executive Simon Litherland said: "Our Q3 performance was stronger than the first half of the year despite tough trading conditions and the wet weather in June.

"We have reported a 5.3% increase in revenue, with volumes up 8.8%. Organic volume has increased 1.4% whilst revenue has declined 0.7%.

"We have strong programmes in place for our brands over the balance of the year and remain on track to deliver full year EBITA within the guidance range we set at the beginning of the year of £180m to £190m.

"Looking ahead, the decision by the UK to leave the EU creates additional consumer and economic uncertainty whilst the weakening of sterling will place pressure on our input costs in GB.

"However, our strategy to leverage our market leading brands in our core markets, expand internationally, continue to invest in innovation and focus on cost control, means that we are well placed to continue to deliver our long-term strategic priorities and create value for our shareholders."

QUARTER THREE HIGHLIGHTS

The GB soft drinks market value declined 7.5% in June following a particularly wet month, resulting in a quarterly decline of 2.6%

The Q3 GB revenue declined 2% with volume increasing 1.4% and ARP declining 3.4%, reflecting continued deflation and negative brand and channel mix.

GB carbonates revenue increased 2.9% with a 4.7% volume increase partly offset by ARP declining 1.7%.

Pepsi Max continued to outperform the market, gaining significant share in the quarter.

GB stills revenue declined 10.2%, primarily due to an 8.2% volume decline.

Robinsons performance improved on the first half of the year, despite still cycling the withdrawal of the added sugar range.

Ireland revenue increased 10.6% with both Counterpoint and Britvic Ireland in strong growth.

Both the carbonates and stills portfolio revenue increased during the quarter. Ireland delivered revenue growth in five of the last six quarters.

In France, revenue declined by 2% as volume declined 1.7% and ARP declined 0.4%. This was principally due to a decline in the syrups range which was impacted by the poor weather in June.

International revenue was flat on last year with the benefit of double-digit revenue growth in the US offset by weaker sales in the travel and export markets, where trading conditions remained challenging.

The company decided to withdraw from India, terminating its distribution agreement.

Although Fruit Shoot was received positively by Indian consumers, the company decided to focus its resources on other markets that offer potentially higher returns in a shorter timeframe.

Our Brazilian business has continued to gain market share and generated revenue of £19.8m, up 37% on last year on a comparable basis, despite a very challenging macroeconomic environment.

The strong performance came from volume growth of nearly 20%, and price increases to recover raw material inflation.

Stop to 619.71

LATEST BROKER VIEWS

Date Broker New target Recomm.
22 Jul Deutsche Bank 700.00 Hold
22 Jul Barclays... 710.00 Overweight
21 Jul Barclays... 725.00 Overweight
19 Jul JP Morgan... 590.00 Underweight
8 Jul Barclays... 725.00 Overweight
6 Jul Deutsche Bank 700.00 Hold
5 Jul JP Morgan... 590.00 Underweight
28 Jun Societe... N/A Hold
27 Jun Societe... 700.00 Hold
21 Jun Goldman Sachs 838.00 Conviction Buy
Broker Recommendations for Britvic

Looks likely going to test 580p at this rate. Looking cheap now, but will wait.

Britvic after-tax profits up 10.3%

StockMarketWire.com

Soft drinks group Britvic reports another year of strong results for the 53 weeks ended 2 October with revenues up 10.1% to £1,431.3m.

Pre-exceptional EBITA increased 8.4% to £186.1m. Like-for-like revenue increased 0.4% and like-for-like pre-exceptional EBITA increased 3.8% to £178.8m.

Profit after tax increased 10.3% to £114.5m.

Adjusted earnings per share increased 6.5% to 49.3p and the full year dividend per share of 24.5p, is up 6.5%.

Chief executive Simon Litherland said: "Britvic has delivered another strong set of results in challenging market conditions. In our core markets, we continued to take market share with a particularly strong carbonates performance. Internationally, we have had an excellent first year in Brazil and Fruit Shoot continued to grow in France, USA with the launch of multi-pack, and latterly in Brazil following its recent launch in Sao Paulo.

"We are confident we will mitigate inflationary input costs through a combination of revenue management activities and internal cost saving initiatives. The new financial year has started well and although 2017 will be another challenging year, we expect to deliver pre-exceptional EBITA in line with current market expectations."

in my sipp performing pretty pathetically vs FEVR which i also hold

.

have held this for a good while in my sipp, and though it's never lost me money, i have been tempted to dump it a few times ...... this morning's news is therefore very welcome

* Shares in soft drinks maker Britvic rise 6 pct to hit all-time high
* Full-year adj core earnings up 5.1 pct
* Warns that introduction of soft drinks tax in Britain and Ireland would create uncertainties in the sector [nL3N1NZ39F]
* Adds nevertheless it remains "confident of making further progress next year"
* "FY18 faces uncertainty (GB sugar tax) but we expect low single digit upgrade to consensus on today's results", says Morgan Stanley