| 0:16 07/04/2012 | |
| so is this a buy at this price or will it fall further By Iraf |
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| 21:50 02/04/2012 | Recent price weakness |
| I assume a major institution is taking some profits. Nevertheless a good long term hold. By St Monans |
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| 7:31 08/04/2011 | The Scotsman;One To Watch.. |
| One to watch: Aberdeen Asset Management Published Date: 08 April 2011 By Craig Yeaman of Saracen Fund Managers Aberdeen Asset Management has been reinvented over the past few years from a business caught up in the split capital scandal to one that is now thriving. After a series of acquisitions, it has become a diversified global asset gatherer that is focussed on the institutional market, with the group being particularly strong in Asia and global emerging equities. The share price has weakened on negativeADVERTISEMENT sentiment surrounding emerging markets and following the earthquake in Japan leading to fears of fund outflows. The fundamentals remain favourable however in terms of emerging markets and global growth. The balance sheet historically has been littered with exceptionals and write-offs but the focus is now on organic growth and improving cash conversion. The most recent set of results showed impressive momentum that should enable Aberdeen to increase dividends handsomely over the coming years. In addition, net debt has been quickly reduced and the forecast is for a position of net cash this year which creates scope for share buy backs. Aberdeen Asset Management 214.1p -0.5p Scotsman says BUY • The value of your investment could fall and you may get back less than you invested. Take professional advice if you have any doubt about the suitability of this company for your portfolio. BROKER SNAPS AG Barr 1,268p +5p Broker says BUY IRN-BRU maker AG Barr is continuing to out-perform its market, according to house broker Investec. Analyst Nicola Mallard said: "We continue to expect Barr to trade at a premium to consumer sector averages, but in line with other branded drinks operators such as Pernod and LVMH. Our target price is 1,345p." G4S 259.1p -0.9p Broker says 'TOP PICK' RBC Capital Markets has reiterated its "top pick" rating on security firm G4S. RBC said: "We believe G4S represents a long-term growth investment, which benefits from inflation, its position with the UK government – which it has proven via recent contract gains – and an increasing emerging market exposure." http://thescotsman.scotsman.com/business/One-to-watch-Aberdeen-Asset.6747928.jp By SpikeyDT |
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| 6:29 29/03/2011 | FT.com;buoyed by range expansion |
| Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article - http://www.ft.com/cms/s/0/271ccba0-596f-11e0-bc39-00144feab49a.html#ixzz1HxnY5ec5 AG Barr buoyed by range expansion By Michael Kavanagh Published: March 28 2011 23:00 | Last updated: March 28 2011 23:00 Strong sales growth helped AG Barr, the Scottish beverage maker behind the Irn Bru brand, narrowly exceed analysts’ full-year expectations. Roger White, chief executive, said the Lanarkshire-based company was benefiting from a second year of a general improvement in sales in soft drinks across the UK as consumers seek cheap treats while they continue to ride out economic uncertainty. Sales of Irn Bru, a carbonated soft drink and Scotland’s leading grocery brand, which outranks Coca-Cola and Pepsi in its traditional heartland, grew 4 per cent overall, but jumped 10 per cent in northern England where AG Barr has been concentrating its marketing power. However, the company benefited more from sales growth in other brands, which saw Irn Bru’s total contribution to group sales fall to 48 per cent. Its range of Barr-branded traditional carbonated drinks, which include drinks such as cherryade, cream soda, raspberryade and dandelion and burdock, jumped 22 per cent. The range claims to deliver a “cosy glow as you remember how pop used to taste” with packaging designed to appeal to the growing market of age 45-plus consumers. Sales of its Rubicon range of drinks based on exotic fruits such as papaya, lychee and mango, rose 22 per cent. AG Barr bought the Rubicon business for £60m in 2008 and has almost doubled its sales. However, the company took small writedowns on three brands, including its Taut sports drink and Vitsmart vitamin-enhanced water brands, as it stopped promoting some of the range. Turnover rose from £201.4m to £222.4m and pre-tax profits were up from £24.5m to £30.4m in the year to January 29. A recommended final dividend of 18.66p gives a total of 25.41p for the year, up 10 per cent and covered by earnings per share of 58.8p (46.5p). The shares, up 23 per cent over the past year, rose 46p to close at £12.01 on Monday. By SpikeyDT |
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| 16:41 28/03/2011 | Investment boosts AG Barr |
| Investment boosts AG Barr Created: 28 March 2011 Written by: John Hughman The improvements to distribution put in place over the past few years continued to reap rewards for soft drinks maker AG Barr last year, helping the maker of niche favourites such as Irn Bru and Rubicon tap into growth opportunities outside of their core markets. Scottish favourite Irn Bru made strong headway in the north east of England, where it grew at nearly twice the rate if the wider market. Rubicon - a favourite tipple among Afro-Carribean communities in the UK - has now doubled sales since being bought by Barr in late 2008, and the group is investing in brand development to further widen its appeal. Volumes rose despite some hefty price increases, especially at Rubicon which had to tackle soaring mango pulp prices - alongside higher utility and plastic costs. That meant cost inflation of 2-3 per cent, and chief executive Roger White expects further cost increases of 4-5 per cent this year. Improved efficiency in manufacturing and distribution should offset this inflationary pressure, as well as further price increases, but Mr White warned that promotional activity across the market could "step up a notch" as economic worries hit consumers. Broker Altium expects underlying pre-tax profits of £33.4m and EPS of 63.8p in the year to January 2012 (from £31.6m and 60.9p last year). AG BARR (BAG) ORD PRICE: 1,188p MARKET VALUE: £ 462m TOUCH: 1,181-1,187p 12-MONTH HIGH: 1,355p LOW: 874p DIVIDEND YIELD: 2.1% PE RATIO: 20 NET ASSET VALUE: 300p* NET DEBT: 14% Year to 29 Jan Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2007 142 16.4 34.9 17.5 2008 148 20.8 43.4 19.5 2009 170 23.2 44.6 21.0 2010 201 24.5 46.8 23.1 2011 222 30.4 58.8 25.4 % change +10 +24 +26 +10 Ex-div:04 May Payment:02 Jun *Includes intangible assets of £74.9m or 193p a share Guide to the terms used in IC results tables. More analysis of company results IC VIEW: FairlyPriced Barr's strategy is to squeeze every drop of value from its niche brands, and strong operational improvement means there's more to come. But that's fully reflected in a forecast PE ratio of 18.6. Fairly priced. Last IC View: Fairly priced, 1,251p, 28 September 2010 By SpikeyDT |
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| 13:50 10/01/2011 | Re: anyone out there? |
| Thanks for commentary Anchises. Great to get another opinion. I just sold up my Nichols holding after the recent share price jump. Rising commodity prices certainly place pressure on the cost of goods especially for smaller players that have greater difficulty passing on the costs to the big grocery multiples. However, as you say Nichols have coped just fine and they are considerably smaller. What is pricking my interest in AG is their considerable growth in the Impulse/Convenience channel. Given most sales in this area are in the highly profitable lines (eg. 500ml Irn Bru), I'm guessing the year end report may surprise the market and hopefully give the share price a similar jump. By jeffo_b |
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| 14:01 08/01/2011 | Re: anyone out there? |
| Jeffo, I initially thought the fall might be due to the high price of sugar which is presumably a material component of the company's raw material costs. However I notice that J N Nichols share price has recently spiked upwards and they will be subject to the same cost pressure as AG Barr so have discounted that idea. I notice that Lindsell Train, one of AG Barr's major shareholders, has reported to its own investors that it regards the AG Barr share price as no better than fully/fairly valued and that they may use the investment as a source of cash. Difficult to argue with that given a PSR of c.2x for a company generating operating margins of 15% so as the saying goes "I'm out" although will continue to watch to see if the price reaches a point where an investment offers an acceptable margin of safety. By Anchises |
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| 11:54 07/01/2011 | anyone out there? |
| Wanted to start some discussion on this one. Was looking at a buy in point because their sales this year have gone from strength to strength although the market doesn't think so judged by the slide of the last 3 months. Anyone got an opinion on why? Jeffo By jeffo_b |
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| 12:46 27/07/2010 | Re: Rocketing |
| Can anyone pinpoint a reason for the especially big rises of the last few days? Am a bit worried this one is over-heating By jeffo_b |
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| 10:43 27/07/2010 | Rocketing |
| Rather sad I took my money out to sit on sidelines and be cash safe, whilst the markets/elections etc were shaking things about. It seems AG Barr has defied all of this and continued to rise remarkably. I know you aren't meant to get emotionally attached to a share, but perhaps with this one, I should have let my emotions govern me! By gemini75 |
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| 12:13 02/07/2010 | Finance Director buys |
| Couldn't help but wonder why the finance director of the firm, Alex Short has just purchase £250,000 worth of shares over the last few days at around 1050. Perhaps he knows something. By mstew10 |
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| 17:30 29/06/2010 | Sold out. What a shame |
| Have sold out all my BAG shares. Lovely profit thank you but the share price has become far too high according to my own criteria. Who knows, might buy in again some time in the future. . . . 500% growth (approximately) over 10 years. Wish all my investments had done that. WB By Warren Buffoon |
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| 22:40 22/03/2010 | you can't beat it! |
| ***** http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/8579635.stm **** Irn Bru maker AG Barr increases full-year profits Irn Bru is AG Barr's main brand and remains Scotland's most popular fizzy drink Irn Bru is Barr's main brand and is Scotland's most popular fizzy drink The maker of Irn Bru, AG Barr, has reported annual pre-tax profits after exceptionals of £24.5m - a 5.3% rise. The Cumbernauld-based company also makes St Clements, Tizer and Rubicon. It said like-for-like sales, excluding the impact of Rubicon fruit juice which it acquired last year, had increased by more than 10%. AG Barr said despite the difficult economic conditions it had "substantially outperformed the UK soft drinks market". Sales of Irn Bru were up 5% last year, despite the recession, and by 20% in England and Wales. Rubicon, which is based in Wembley and sells strongly into the Asian communities in London, helped boost exports by 31%. Barr said its sales growth in the coming year faced tough comparative performance but sales in the first seven weeks were ahead of the same period last year. The board has recommended a final dividend of 16.85p per share to give a total dividend for the year of 23.10p. This represents an increase of 10% compared to the prior year. By CEObob |
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| 8:36 22/03/2010 | Yet again |
| Yet again, nice results boys. My best (UK) investment of the last 10 years. Well done. WB By Warren Buffoon |
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