Market's view on Bakkavor
Published on April 2024
- Bakkavor’s full year 2023 trading update shows profits, net debt, and leverage ahead of market expectations, with a strong performance in China and operational improvements across the board.
- A stock watcher highlights the attractiveness of Bakkavor’s yield and its potential for price breakout based on positive results and future outlook.
- There is mention of a significant change in Bakkavor’s ownership structure, with Baupost selling its stake to LongRange Capital, and Bob Berlin rejoining the board.
- An investor expresses optimism about Bakkavor’s undervaluation and potential for share price growth, citing efficiencies and cost synergies ahead of expectations.
- A new investor has just purchased shares in Bakkavor, showing confidence in the company’s future profitability.
- Concerns are raised about Bakkavor’s debt levels being too high for most people’s comfort.
- An investor disagrees with criticisms, pointing to Bakkavor’s low P/E ratio and dividend yield as positive signs, especially with falling inflation expected to boost margins.
- Market dynamics are discussed with a viewpoint that despite strong results, there’s no guarantee of success in potentially recessionary markets.