Greencore Group GNC

After I saw on the news last night about food poisoning from Loyd Grosman sauces, I checked that they weren't made by Greencore! Phew!! Today I found some info from KBC Bank which was interesting to read. The general gist was that it is likely to be a management buyout but who can say. At the moment it is showing as the only blue share in my pf so that can't be bad.

Porta Communications seems to have settled a bit and is currently trading at 10p so could do with it pushing on to get over 20p so I can breakeven!!

Greencore Group

Big news today, first interim results which showed good sales and profits! Then takeover news of UNIQ and as a result the sp of UNIQ shares went up 22% and Greencore went down 11%!  Acquisition to be funded through a fully underwritten 5 for 6 rights issue at €0.46 per share to raise approximately €80.2 million, and a new debt facility. The Prospectus will be posted to Greencore Shareholders on or about 15 July 2011. Its all shaping up to be rather interesting!