Glanbia (CDI) (GLB)

Sector:

Food

  15.41
   
  • Change Today:
     -0.59
  • 52 Week High:  16.3
  • 52 Week Low:  11.3
  • Currency: Euro
  • Shares Issued: 265.07m
  • Volume: 12,447
  • Market Cap:  4,084.75m
  • RiskGrade: 168

Glanbia launches share buyback

By Iain Gilbert

Date: Thursday 29 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Nutrition group Glanbia said on Thursday that year-to-date wholly-owned revenues and cash flows had improved despite the Covid-19 pandemic, leading it to launch a share buyback.
Glanbia said wholly-owned revenues were up 1.0% on a reported basis and 3.1% year-on-year on a like-for-like basis.

The London-listed firm stated that in the third quarter, trends in Glanbia Performance Nutrition had improved "significantly" - with an increase in revenues and margins versus the second quarter as markets gradually reopened and trading patterns improved.

As a result of the strong showing and cash flows in the business, Glanbia announced its intention to launch a share buyback programme of up to €50.0m. It expects to commence the share repurchase programme in November.

In terms of Covid-19 interruptions, Glanbia highlighted that all strategic projects across the group were now on track and added that a refinancing of its key finance facilities was recently agreed, further improving its financial position.

As of 1305 GMT, Glanbia shares were up 8.74% at €8.45 each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Glanbia (CDI) Market Data

Currency Euro
Share Price   15.41
Change Today   -0.59
% Change -3.69 %
52 Week High  16.3
52 Week Low  11.3
Volume 12,447
Shares Issued 265.07m
Market Cap  4,084.75m
RiskGrade 168

Glanbia (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.25% below the market average86.25% below the market average86.25% below the market average86.25% below the market average86.25% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
16.14% above the market average16.14% above the market average16.14% above the market average16.14% above the market average16.14% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income
83.31% below the market average83.31% below the market average83.31% below the market average83.31% below the market average83.31% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
36.28% below the market average36.28% below the market average36.28% below the market average36.28% below the market average36.28% below the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 3
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glanbia (CDI) Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Aug-23 23-Mar-23
Paid 06-Oct-23 05-May-23
Amount 14.22¢ 19.28¢

Trades for 21-Feb-2024

Time Volume / Share Price
18:04 5,647 @  15.79
17:37 771 @  15.80
17:13 1,037 @  15.76
17:13 1,037 @  15.76
16:27 311 @  15.81

Glanbia (CDI) Key Personnel

CEO Hugh McGuire

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