Friday 23 March 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Now more than 70% sold out- Why would any serious value investor miss a free ticket for Britain's Buffett vs Paul Scott at UK Investor on April 21?
The February 2018 edition of the UK Investor Show Magazine is now live: Nine share tips, giving in a tax-efficient way, don't count Trump out
Hands up, judging by the share price reaction in Greencore (GNC) shares today after its trading update my optimism (last discussed here) about the prospects for the UK's leading sandwich provider and particularly its US-led expansion was overdone. But as one of my early career investment mentors once noted 'what happens, happens. What matters is how you react'. So what to think about today's newly 'improved' share price?
I was a bit worried the other day to read that the humble sandwich might be one of the biggest contributors to global warming...but as I had walked to the supermarket to buy my latest sliced bread offering I felt sufficiently virtuous to keep on eating. I cannot believe that too many of Greencore's (GNC) customers at multiple supermarkets and convenience stores are too fussed either judging by the tone of today's trading update.
I have something to confess. I perused the online Guardian newspaper over the weekend...and I did particularly enjoy one article. Fortunately, it was not anything political (I have not completely lost my marbles) but it did involve a fascinating business case study over time of the humble sandwich. Or as one contributor to the article observed 'we are light years ahead of the rest of the world'. Clearly the Earl of Sandwich has a lot to be thanked for. At the front of the queue in terms of British sandwich production is Greencore (GNC), whose heritage is in sugar beet but is now the top supplier of choice to all but one of the major supermarkets.
Search ShareProphets |
Recent Comments |