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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (4839)5/7/2018 9:47:38 AM
From: richardred  Read Replies (1) | Respond to of 6087
 
Nestles/Starbucks Coffee deal formally announced. What will Cott do?

>2018 FULL YEAR FOREIGN EXCHANGE, REVENUE, AND FREE CASH FLOW OUTLOOK FROM CONTINUING OPERATIONS

Cott increased the targeted full year 2018 consolidated revenue to over $2.35 billion and full year 2018 cash flow provided by operations to approximately $235 million with capital expenditures in the range of $115 to $120 million, resulting in adjusted free cash flow of $115 to $120 million (when excluding acquisition, integration, and other working capital adjustments).

Green coffee commodity market prices have been declining since the end of 2016. At current rates, in conjunction with the timing of various pricing agreements, we would expect to see a 0.5% to 1% lowering of our quarterly consolidated revenues with a corresponding reduction to cost of goods sold. As a majority of our coffee purchases are incorporated into our hedging program, the changes in pricing will operate similar to a pass-through mechanism and as a result our profitability will not be materially impacted by revenue impacts caused by the market movement in green coffee prices.

prnewswire.com



To: richardred who wrote (4839)5/29/2018 9:20:06 AM
From: richardred  Respond to of 6087
 
IMO The two big coffee giants have emerged and seemingly are dug in to battle down the road. Coffee is still a priority for Cott.

JAB buys majority stake in Britain's Pret A Manger

  • Luxembourg-based JAB is buying Pret from private equity firm Bridgepoint and other minority investors for an undisclosed sum, Pret said on Tuesday.
  • A Pret spokeswoman declined to comment on the value of the deal, but the Financial Times reported earlier that the price was 1.5 billion pounds ($2 billion) including debt.
  • JAB Holdings, the private company of Germany's billionaire Reimann family, is expanding its coffee empire with a majority stake in British sandwich and coffee shop chain Pret A Manger.

    Luxembourg-based JAB is buying Pret from private equity firm Bridgepoint and other minority investors for an undisclosed sum, Pret said on Tuesday.

    A Pret spokeswoman declined to comment on the value of the deal, but the Financial Times reported earlier that the price was 1.5 billion pounds ($2 billion) including debt.

    The deal marks the latest in a string of coffee industry acquisitions by JAB, including Keurig Green Mountain and Peet's Coffee & Tea, as it looks to challenge Swiss food and beverage giant Nestle.


    Will Pret a Manger, Axa go public? 5:12 PM ET Wed, 10 May 2017 | 01:05


    Nestle, the world's biggest coffee company, struck a $7.15 billion licensing deal with Starbucks Corp this month.

    Pret opened its first shop in London in 1986 and now generates revenue of 879 million pounds ($1.17 billion) from 530 stores in countries including the United States and China.

    Bridgepoint bought a majority stake in the chain a decade ago for about 345 million pounds and had been examining a potential stock market listing before opting to sell to JAB.

    "Management's proven track record and commitment to customer service, investment in innovation and approach to freshly prepared food position Pret well as it capitalizes on evolving consumer taste and lifestyle preferences," said JAB Chief Executive Olivier Goudet.

    cnbc.com






    To: richardred who wrote (4839)9/11/2019 12:57:42 PM
    From: richardred  Read Replies (1) | Respond to of 6087
     
    RE-FARM Farmer Brothers Coffee-Jeanne Farmer Grossman looks to be pretty upset about what's going down on the FARM. It's been a disaster since FARM's latest acquisitions. I currently own no shares. I'm Just looking. Just wondering if she's upset enough to sell to COTT?

    P.S. Low green coffee prices are good for Starbucks, but apparently not for FARM. I'm out of JVA also and watching. I'm also wondering if JVA will buck this past years low price trend for green coffee?


    Coffee Futures Market News and Commentary
    Coffee Prices Extend a Week-Long Rally with Dec Arabica at a 6-Week High on Crop Concerns in Brazil
    by cmdtyNewswires - 1 hour ago
    Dec arabica coffee (KCZ19) this morning is up +2.00 (+1.97%), and Jan ICE robusta coffee (DFF0) is up +12 (+0.89%). Coffee prices continued their week-long rally today with Dec arabica coffee at a 6-week high and Jan robusta coffee at a 1-1/2 week high on crop concerns in Brazil. Somar Meteorologia said Monday that most arabica-coffee crops in the Cerrado region of Minas Gerais, the biggest arabica coffee growing region in Brazil, have not had significant rain in 3 months and that temperatures have been above average, which has stressed crops. Tuesday's data from CeCafe was also supportive for coffee prices after CeCafe reported Brazil Aug green coffee exports fell -8.5% y/y to 2.9 mln bags. In a bearish factor, the International Coffee Organization (ICO) last Tuesday reported that global 2018-19 coffee exports during Oct-Jul rose +10% y/y to 109.4 mln bags. Also, ICO last Wednesday raised its global 2018/19 coffee surplus estimate to 4.96 mln bags from an August estimate of 3.92 mln bags. In a supportive factor for robusta coffee, Vietnam's General Department of Vietnam Customs reported today that Vietnam Aug coffee exports fell -18.7% m/m and -25.4% y/y to 114,162 MT, and cumulative Jan-Aug coffee exports are down by -11.5% y/y to 1.17 MMT. Vietnam is the world's largest producer of robusta beans. Current coffee supplies have tightened after ICE-monitored arabica coffee inventories fell to an 11-1/2 month low Friday of 2.327 mln bags.

    barchart.com*0/futures-prices