Greencore faces twin but very varying challenges in US and Britain
With some hoops ahead, the shift in Greencore's share price has been a bit of a hiccup
Greencore has been one of my favourite and best performing investments over the past four years. But the more recent share price drift, which had begun well before the announcement of the Peacock Foods acquisition and the associated substantial and deeply discounted rights issue, has been something of a setback.
Adjusting for the impact of the rights issue and the bonus factor associated therewith, the underlying fall is much more modest. Some indigestion on the...
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