greencore group plc (GNCGF:OTC US)
greencore group plc (GNCGF) Snapshot
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Open
$1.80
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Previous Close
$1.80
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Day High
$1.80
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Day Low
$1.80
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52 Week High
01/17/13 - $1.80
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52 Week Low
05/24/12 - $1.11
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Market Cap
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Average Volume 10 Days
1.1K
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EPS TTM
--
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Shares Outstanding
0.0
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EX-Date
06/5/13
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P/E TM
--
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Dividend
$4.58
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Dividend Yield
3.74%
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greencore group plc (GNCGF) Related Businessweek News
No Related Businessweek News Foundgreencore group plc (GNCGF) Details
Greencore Group plc produces and supplies convenience foods and ingredients to retail and foodservice markets in the United Kingdom and the United States. It operates through two segments, Convenience Foods, and Ingredients and Related Property. The Convenience Foods segment produces and sells convenience food, including sandwiches, Italian chilled meals, branded chilled meals, chilled non-dairy desserts, chilled sauces, cooking sauces, pickles and Christmas cakes, fresh prepared meals, prepared salads and sushi, meat spreads, quiche, and savoury flans. It also provides private label and branded cooking sauces, pastes, marinades, stir-in sauces, sweet and sour pickles, table sauces, salsa, dips, premium soft drinks, premium chilled desserts, Yorkshire puddings, Toad in the Hole, and filled Yorkshire puddings. This segment offers its products to retailers, foodservice providers, manufacturers, and petrol forecourts. The Ingredients and Related Property segment engages in the import and distribution of vegetable oils and fats for the food processing industry; and molasses and molasses blends for animal feed and industrial use; and management of property assets. The company sells its products under various brand names, including Bisto, Burgess, foo.go, Heinz Pickles, Pandora Pickled Eggs, Ross Pickles, Sushi San, Sutherland deli, Sutherland Spreads, and Weight Watchers. Greencore Group plc was founded in 1991 and is headquartered in Dublin, Ireland.
greencore group plc (GNCGF) Top Compensated Officers
greencore group plc (GNCGF) Key Developments
Greencore Group plc announced unaudited consolidated earnings results for the first half year ended March 29, 2013. For the period, the company’s revenue increased in the period by 0.9% to £572,886,000 with growth in the convenience foods division of 1.8% to £542,100,000, compared to £567,681,000 for the half year ended March 30, 2012. Operating profit before acquisition related amortization was £25,552,000 against £28,253,000 a year ago. Group operating profit was £21,424,000 against £23,436,000 a year ago. Profit before taxation was £14,081,000 against £15,836,000 a year ago. Profit for the financial period attributable to equity shareholders was £21,641,000 or 5.4 pence per diluted share against £15,417,000 or 4.0 pence per diluted share a year ago. Net cash inflow from operating activities before exceptional items was £23,664,000 against £25,087,000 a year ago. Net cash inflow from operating activities was £5,334,000 against £7,795,000 a year ago. The modest reduction in inflow was primarily due to a larger seasonal working capital outflow in the half than in first half year of 2012 which benefitted from reductions of working capital in the former Uniq businesses. Purchase of property, plant and equipment was £17,309,000 against £11,531,000 a year ago. Purchase of intangible assets was £856,000 against £1,188,000 a year ago. Adjusted earnings were £23,800,000 in the period were 12.9% ahead of the prior year. Adjusted earnings per share were 10.9% higher at 6.1 pence as a result of the growth in operating profit combined with lower year-on-year financing costs and a continued low effective tax rate due to historic tax losses. The group's net debt at March 29, 2013 was £272,600,000, an increase of £14,600,000 from September 28, 2012. This increase was driven by the seasonal working capital outflow and higher capital expenditure, together with an adverse movement in the translation of US dollar debt of £5,000,000.
The board of directors of Greencore Group plc announced an interim dividend of 1.90 pence (2012: 1.75 pence) per share is payable on October 3, 2013 to the shareholders on the register of members as of June 7, 2013. The ordinary shares will be quoted ex-dividend from June 5, 2013. The dividend will be subject to dividend withholding tax, although certain classes of shareholders may qualify for exemption.
Greencore Group plc announced the appointment of Ms. Sly Bailey as Non-Executive Director, with effect from, May 17, 2013. Ms. Bailey (51) is currently a Non-Executive Director of Ladbrokes plc and a Governor of the English National Ballet School. She was previously Chief Executive of Trinity Mirror plc and was also a Non- Executive Director of the Press Association, Littlewoods plc and EMI plc, where she served as Senior Independent Director.
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Industry Analysis
GNCGF
Industry Average
| Valuation | GNCGF | Industry Range |
| Price/Earnings | 5.8x |
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| Price/Sales | 0.2x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 4.4x |
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| TEV/Sales | NM | Not Meaningful |
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