date:Jul 19, 2012
e in any doubt: Dairy Crest Dairies is not creaming it within the dairy chain. Its wholly sub-optimal business performance from this division in a profit and ROCE[return on capital employed]perspective proves the point.
Shore Capital also maintained its Buy recommendation.
Investec agreed thatthe balance sheet will shortly be transformed by the proceeds from St Hubert.
It noted that completion of the St Hubert sale and receipt of the 344M proceeds is expected at the end of August.
Analyst Ni