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Glanbia shares

  • 12-07-2019 11:34am
    #1
    Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭


    Any glanbia share holders around, stock price at a four year low and down nearly 30% since earlier in the year

    Incredible contrast with the performance of kerry

    Any major iceberg we haven't heard about, can't surely be about Brexit as kerry have not suffered, add in the strong dollar should help the American presence, has their highly profitable sports drink sector faced problems over there perhaps or might it be the trump threat of tariffs?


Comments

  • Registered Users, Registered Users 2 Posts: 1 re_giorgio1


    Hey, Im on the same situation here. Not sure the reason so if anyone has information about it would be great


  • Closed Accounts Posts: 4,431 ✭✭✭Mortelaro


    The significant difference between Glanbia and Kerry shares is that a blocking majority is still owned by the CoOp
    A batch probably big enough combined with the CoOp lump would bring farmer control to north of 60%
    Farmers rarely sell and the CoOp lump needs a vote of farmers to sell

    That makes the plc share unattractive
    Kerry have ditched that price millstone but even with it,they were always streets ahead of glanbia or its pre merger parts in terms of management


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