Glanbia (CDI) (GLB)

Sector:

Food

  11.43
   
  • Change Today:
     0.18
  • 52 Week High:  15.25
  • 52 Week Low:  10.13
  • Currency: Euro
  • Shares Issued: 276.88m
  • Volume: 100,606
  • Market Cap:  3,164.75m
  • RiskGrade: 168

Glanbia buys US sports nutrition group Isopure for $153m

Date: Friday 12 Sep 2014

LONDON (ShareCast) - Dairy product and performance nutrition group Glanbia is buying US sports nutrition provider Isopure for $153m.


Glanbia, which supplies sports nutrition, cheese, speciality dairy and other ingredients and micronutrient premixes, said it expected to complete the deal for Isopure in the fourth quarter of 2014 subject to regulatory approvals and other conditions.

The Isopure Company supplies premium branded sports nutrition products, focusing on powders and ready-to-drink formats, mainly via speciality, online and direct distribution. It had net revenue of $74.6m in the 12 months to the end of July.

The acquisition is expected to be earnings accretive from 2015 and will be funded from Glanbia's existing debt.

Glanbia's managing director Siobhán Talbot said: "Isopure is an excellent addition to our portfolio of market-leading performance nutrition brands."

Shares in Glanbia rose €0.18 or 1.6% to €11.33 at 08:24 in London.

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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.

 

Glanbia (CDI) Market Data

Currency Euro
Share Price   11.43
Change Today   0.18
% Change 1.60 %
52 Week High  15.25
52 Week Low  10.13
Volume 100,606
Shares Issued 276.88m
Market Cap  3,164.75m
RiskGrade 168

Glanbia (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.81% below the market average82.81% below the market average82.81% below the market average82.81% below the market average82.81% below the market average
58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average58.62% below the sector average
Price Trend
23.84% above the market average23.84% above the market average23.84% above the market average23.84% above the market average23.84% above the market average
13.33% above the sector average13.33% above the sector average13.33% above the sector average13.33% above the sector average13.33% above the sector average
Income
78.55% below the market average78.55% below the market average78.55% below the market average78.55% below the market average78.55% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
32.21% below the market average32.21% below the market average32.21% below the market average32.21% below the market average32.21% below the market average
24.14% below the sector average24.14% below the sector average24.14% below the sector average24.14% below the sector average24.14% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 4
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Glanbia (CDI) Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Mar-22 19-Aug-21
Paid 06-May-22 01-Oct-21
Amount 17.53¢ 11.75¢

Trades for 27-May-2022

Time Volume / Share Price
18:13 1,333 @  11.27
18:12 3,648 @  11.17
17:37 4,165 @  11.17
17:26 2,249 @  11.17
17:18 1,123 @  11.20

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