Hilton Food Group (HFG)

Sector:

Food

Index:

FTSE 250

980.00p
   
  • Change Today:
    -11.00p
  • 52 Week High: 1,088.00
  • 52 Week Low: 884.00
  • Currency: UK Pounds
  • Shares Issued: 81.72m
  • Volume: 124,060
  • Market Cap: £800.82m
  • RiskGrade: 108
  • Beta: 0.01

Hilton Food to buy 50% stake in Dutch manufacturer Dalco

By Michele Maatouk

Date: Thursday 18 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Food packing business Hilton Food has agreed to by a 50% stake in Dutch vegetarian product manufacturer Dalco, subject to clearance from the Dutch competition authority.
Hilton has agreed to enter into a joint venture agreement with Dalco's shareholders, which includes an option for the remaining 50% of Dalco's shares in 2024.

The FTSE 250 company said the agreement enables it to significantly expand its offering in the fast-growing vegetarian market. Hilton will provide its manufacturing expertise and capital resources to enable Dalco to expand its range into the next generation of vegetarian products servicing both Dalco's existing customers and Hilton's customer base.

Hilton chief executive Philip Heffer said: "This agreement represents an exciting opportunity for Hilton to broaden its offering in a growing segment of the market and meet our customers' demands for Hilton to supply them with a range of innovative, high quality vegetarian products. We look forward to seeing the positive effects of our tried and tested business model on this relationship, which will be supported by our flexible and versatile approach to meeting local requirements."

Dalco CEO Marian Wagemakers said: "We are pleased to have signed this joint venture agreement with Hilton and look forward to the benefits and expertise that this brings to our business and that we can bring to Hilton's business. It will enable us to expand our operations and continue to focus on giving our customers the right choices at competitive prices. I value the mutual respect and cultural similarities which will provide a strong base for a successful joint venture."

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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.

 

HFG Market Data

Currency UK Pounds
Share Price 980.00p
Change Today -11.00p
% Change -1.11 %
52 Week High 1,088.00
52 Week Low 884.00
Volume 124,060
Shares Issued 81.72m
Market Cap £800.82m
Beta 0.01
RiskGrade 108

HFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.14% below the market average95.14% below the market average95.14% below the market average95.14% below the market average95.14% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average
Price Trend
69.12% above the market average69.12% above the market average69.12% above the market average69.12% above the market average69.12% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income
60.31% below the market average60.31% below the market average60.31% below the market average60.31% below the market average60.31% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Growth
52.64% above the market average52.64% above the market average52.64% above the market average52.64% above the market average52.64% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HFG Dividends

  Latest Previous
  Interim Final
Ex-Div 31-Oct-19 30-May-19
Paid 29-Nov-19 28-Jun-19
Amount 6.00p 15.80p

Trades for 16-Sep-2019

Time Volume / Share Price
15:47 56 @ 980.00p
15:47 74 @ 980.00p
15:46 52 @ 980.00p
15:43 72 @ 980.00p
15:36 78 @ 980.00p

HFG Key Personnel

CFO Nigel Majewski
CEO Philip Heffer

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