Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Old Kerry Co-Op Shares Value

13»

Comments

  • #62
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    thats great news thanks


  • #63
    kerryjack
    Registered Users, Registered Users 2 Posts: 1,632 ✭✭✭kerryjack


    djmc wrote: »
    I heard there is just one final share exchange coming up when transferred to plc shares at today's prices could be worth 400 euro or more so l wouldn't sell just yet.

    this would be great but will it happen have you a good sourse for this information anyone know how much co op are paying in dividend this year


  • #64
    djmc
    Registered Users, Registered Users 2 Posts: 1,611 ✭✭✭djmc


    This is what I was told from someone who was at the last share holders meeting.
    That was proposed the downside is no more Kerry co op just Kerry group PLC which farmers won't have much say in
    Todays PLC price is 67 euro and the usual exchange is 7 to 1 for old shares .
    Can't say for certain what will happen but I'm holding mine for another year and see what happens.


  • #65
    Buford T. Justice XIX
    Closed Accounts Posts: 20,633 ✭✭✭✭Buford T. Justice XIX


    djmc wrote: »
    This is what I was told from someone who was at the last share holders meeting.
    That was proposed the downside is no more Kerry co op just Kerry group PLC which farmers won't have much say in
    Todays PLC price is 67 euro and the usual exchange is 7 to 1 for old shares .
    Can't say for certain what will happen but I'm holding mine for another year and see what happens.
    Yup.

    There is a lot of pressure on the Board to approve a spin out in the Autumn from retired/nearly retired farmers, with milk prices going down there will probably be some spin out to get below 10% first and the rest in a short time frame.


  • #66
    JustineB
    Registered Users, Registered Users 2 Posts: 2 ✭JustineB


    Hi , I've offered €200 for my Kerry Co Op shares today . does anyone have any updated information on the possibility of a share exchange shortly?


  • Advertisement
  • #67
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    Heard that 250 is going rate now


  • #68
    JustineB
    Registered Users, Registered Users 2 Posts: 2 ✭JustineB


    Cheers thanks for that


  • #69
    paralysed
    Site Banned Posts: 391 ✭✭paralysed


    Thinking of buying in. There has been about a €10 drop in sp value since April. I assume that was for no particular reason?


  • #70
    Bellview
    Registered Users, Registered Users 2 Posts: 2,719 ✭✭✭Bellview


    paralysed wrote:
    Thinking of buying in. There has been about a €10 drop in sp value since April. I assume that was for no particular reason?


    Sterling?


  • #71
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    paralysed wrote: »
    Thinking of buying in. There has been about a €10 drop in sp value since April. I assume that was for no particular reason?

    Hi Paralysed.

    Are you looking at buying Kerry Co Operative or Kerry Group PLC shares?

    The Kerry co op shares are theoretically worth 6.12 times the Group share price... That's around €435 per share.
    They trade at somewhere between 200-260 or so on a Grey market.

    Kerry Groups Share price seem to be lower recently because of their dependency on Far Eastern revenue and UK revenue.
    All these currencies have being tanking recently.

    If you also look at Glanbia who has the majority of sales in Dollars, their share price hit a 12 month low today and are down around 20% from peak despite having very little Brexit or Far eastern currency risks.

    Kerry Group and Glanbia both have great business models and over time one would hope and expect the share prices to rise again once the profit growth catches up to the steep rises in share prices over the last few years.

    On Kerry co-op shares, which trade at half their true value, once they get over the disfunctional structures they have in place and the €1 million per annum they now spend on the 28 man board of a dormant company, these could be a cash cow in the coming year's .


  • Advertisement
  • #72
    paralysed
    Site Banned Posts: 391 ✭✭paralysed


    BannerBarry wrote: »
    Hi Paralysed.

    Are you looking at buying Kerry Co Operative or Kerry Group PLC shares?
    Actually it was Kerry Group I was talking about. Didn't initially realise that the thread was about a different share.
    BannerBarry wrote: »
    The Kerry co op shares are theoretically worth 6.12 times the Group share price... That's around €435 per share.
    They trade at somewhere between 200-260 or so on a Grey market.

    Kerry Groups Share price seem to be lower recently because of their dependency on Far Eastern revenue and UK revenue.
    All these currencies have being tanking recently.

    If you also look at Glanbia who has the majority of sales in Dollars, their share price hit a 12 month low today and are down around 20% from peak despite having very little Brexit or Far eastern currency risks.

    Kerry Group and Glanbia both have great business models and over time one would hope and expect the share prices to rise again once the profit growth catches up to the steep rises in share prices over the last few years.
    I didn't think the Brexit would have such a big effect on share prices (I'm in Oxford pharmascience now!). It makes it quite hard to predict anything that trades in sterling for the next while. I'm hoping to invest in something over the next few months. Thinking maybe Ryanair or Irish Ferries. Both seem save and reliable.

    I forgot about Glanbia though! Must keep an eye there.
    BannerBarry wrote: »
    On Kerry co-op shares, which trade at half their true value, once they get over the disfunctional structures they have in place and the €1 million per annum they now spend on the 28 man board of a dormant company, these could be a cash cow in the coming year's .
    Hmm, might keep an eye there too! But by the sound of it, it might be best to wait a while!


  • #73
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    Watch out for Kerry Groups results on November 2nd.. I think they will be cautious over the currency risks but I thinks that's already baked into today's share price..
    Fingers crossed they announce an Acquisition like these results last year.
    This could be the badly needed catalyst for a share price revival.


  • #74
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    Just wondering if the cash sitting in Kerry Co Op's bank account and coming in again on 18th November from Kerry Group dividend should be used to buyback Co op shares from fellas currently selling them at less than half their true value?

    Looking at the numbers ballpark anyway Kerry Co op receive €12.5 million now from Kerry Group dividend each year.
    This is growing around 10-11% each year.
    After the directors pay themselves there is 11.5m left in the bank account.

    This could be used to buy 27,000 shares each year at full book value and avoid having destressed farmers like myself having to sell off shares at less than half their true value.

    They could also sell Group shares if they wanted due to more demand from shareholders for getting out of the co op.

    What do people think? Does this make any sense?


  • #75
    kerry cow
    Registered Users, Registered Users 2 Posts: 1,390 ✭✭✭kerry cow


    Was offered shares today to buy at 200 a share .They seem to make 3 times plc price . Have you shares to sell Barry !


  • #76
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    KerryCow... I would prefer to live in the slums and stay in debt than sell my co op shares at €200.
    The shares are worth €426 per share today.
    I will ride out the current storms out of pride than sell at prices below book value.

    Would you sell at €200 per share?
    Do you think a minimum share sell price should be set by the Kerry co op directors going forward so shareholders can get proper pricing for these shares?


  • #77
    kerry cow
    Registered Users, Registered Users 2 Posts: 1,390 ✭✭✭kerry cow


    I don't think kerry board should get involved with the grey price but work towards a day of full conversion .
    Some guys have to sell and that is life .like you I will soldier on for as long as possible paying my debts with the hope of never having to sell .
    I suppose the buyer has to make a buck also and is speculating , if share go down , you won't be crying to give his money back .
    selling at current price really is not a issue unless you got to .
    Supply and demand with risks .
    Fact is people are selling at 200€


  • #78
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    Well said there banner, they'll always be a few vultures flying around for cheap share victims,I still think a full conversion and winding down of the investment vehicle of the coop would be final showdown for this


  • #79
    cute geoge
    Registered Users, Registered Users 2 Posts: 3,383 ✭✭✭cute geoge


    Does kerry co op have an agreement to purchase the plant in listowel off kerry plc at some stage or did i just dream this


  • #80
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    cute geoge wrote: »
    Does kerry co op have an agreement to purchase the plant in listowel off kerry plc at some stage or did i just dream this

    You are right. They co op can buy the milk processing at an inflated price from Kerry Agribusiness should they wish to do so.. would you be comfortable with the 28 Co op Directors you currently have running your milk processing and never making decisions?

    Glanbia Co-Op sold their golden goose Plc shares to buy the milk processing from the PLC..... how did it work out for them getting a subsidised milk price from the co op to come up to Kerrys milk price for September!


  • #81
    Billyballs
    Banned (with Prison Access) Posts: 33 ✭Billyballs


    BannerBarry wrote: »
    You are right. They co op can buy the milk processing at an inflated price from Kerry Agribusiness should they wish to do so.. would you be comfortable with the 28 Co op Directors you currently have running your milk processing and never making decisions?

    Glanbia Co-Op sold their golden goose Plc shares to buy the milk processing from the PLC..... how did it work out for them getting a subsidised milk price from the co op to come up to Kerrys milk price for September!

    Any one that's interested should pop over and see the previous thread on this issue that the two boys here, Barry and Fepper have on the go.

    Major problem with Kerry shares I think it's called.

    Great insight to what they think of the lads supplying milk to Kerry.


  • Advertisement
  • #82
    BannerBarry
    Banned (with Prison Access) Posts: 452 ✭✭BannerBarry


    Billyballs wrote: »
    Any one that's interested should pop over and see the previous thread on this issue that the two boys here, Barry and Fepper have on the go.

    Major problem with Kerry shares I think it's called.

    Great insight to what they think of the lads supplying milk to Kerry.

    MOD NOTE: If you believe another poster is using sock puppetry, use the report function and let the mods deal with any issue that may exist!


  • #83
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    Mod note....post deleted for questioning mod action


  • #84
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    Are PMs not working THE HILLBILLY


  • #85
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    I'm not questioning what you actions you did,thats up to you


This discussion has been closed.
Advertisement