Bakkavor Group (BAKK)

Sector:

Food

Index:

FTSE 250

 152.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 156.00
  • 52 Week Low: 81.00
  • Currency: UK Pounds
  • Shares Issued: 579.43m
  • Volume: 0
  • Market Cap: £883.62m
  • RiskGrade: 195

Bakkavor investor Baupost sells 20% stake to private equity firm

By Benjamin Chiou

Date: Monday 15 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Bakkavor has announced a board change after hedge fund Baupost sold its stake in the food manufacturing group to private equity firm LongRange Capital.
Baupost, which had held over 116m shares in Bakkavor equal to a 20.1% stake, last week offloaded the shareholding to LongRange.

As a result, non-executive director Patrick Cook, Baupost's nominated representative on the board since the hedge fund's investment in 2017, is to step down.

He will be replaced by LongRange representative Robert Berlin, who used to hold a position on the board between 2016 and 2018.

LongRange, which was founded in 2019, holds $1.7bn in assets under management and takes a "longer-term perspective to investing and building middle market businesses through a company-focussed and customer-first philosophy", Bakkavor said.

"Baupost has been a supportive shareholder in Bakkavor over many years and we wish them well. Patrick Cook was a very positive addition to our board, giving us insight, good challenge and constructive debate. I would like to thank him for this on behalf of us all and wish him every success in the future," said Bakkavor chair Simon Burke.

"In the meantime, I am delighted to welcome back Bob Berlin. He knows us and our markets very well, and I look forward to the board having the benefit of his knowledge and energy once again."

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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.

 

Bakkavor Group Market Data

Currency UK Pounds
Share Price 152.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 156.00
52 Week Low 81.00
Volume 0
Shares Issued 579.43m
Market Cap £883.62m
RiskGrade 195

Bakkavor Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.32% above the market average48.32% above the market average48.32% above the market average48.32% above the market average48.32% above the market average
25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average25.93% above the sector average
Price Trend
94.84% above the market average94.84% above the market average94.84% above the market average94.84% above the market average94.84% above the market average
93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average93.10% above the sector average
Income
64.77% above the market average64.77% above the market average64.77% above the market average64.77% above the market average64.77% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Growth
9.01% below the market average9.01% below the market average9.01% below the market average9.01% below the market average9.01% below the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bakkavor Group Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 14-Sep-23
Paid 29-May-24 13-Oct-23
Amount 4.37p 2.91p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Bakkavor Group Key Personnel

CEO Mike Edward
CFO Ben Waldron

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