C&c Share Discussion Threads

[jrizzo] 03/3/2010 12:18

bulmers berry!!!


I nearly puked

more of a alcopopcider product than the pear
and probably too expensive for "the kids" to knackerdrink

[lbo] 01/3/2010 23:51

Soaring cider duty likely in UK Budget?

[lbo] 24/2/2010 09:53

Heineken Irish sales down 6.8pc



A fall in beer sales hit Heineken profits in Ireland last year. The company said volume sales were down 6.8 per cent, but still it outperformed the market, allowing it to grow its share. The brewer said that in Ireland ovgerall, the "severe effect of the recession meant beer consumption declined by high single digits". - Irish Times

[lbo] 18/2/2010 12:07

Pernod Ricard sees 'dramatic' Irish fall

[lbo] 16/1/2010 13:11

Market 'challenging' for cidermaker C&C

[lbo] 15/1/2010 13:22

Revenues fall 9pc at C and C for quarter

[lbo] 11/1/2010 22:42

Magners owner C&C targets sport sponsorship and local raw materials in bid to grow brands in Scotland



It comes as the company battles to improve its Magners' sales after they fell last year

[lbo] 14/12/2009 21:21

The Irish brokers have generally been quite positive about C&C's acquisition strategy (and are probably just glad to have something good to tell the investors who spent more than €5 to get into the stock). For a while, there must have been some angry calls from clients wondering why the much-hyped Magners invasion of British pubs was going so badly wrong.

But some British brokers have thrown a more sceptical eye on the stock.

[lochgarman] 13/12/2009 21:59

djderry...ha ha..i spotted that when i had a free peek while out shopping...

UP we go so. I used to buy the investors chronic....not for a long while.

[djderry] 13/12/2009 18:30

Investor's Chronicle have these as a 'sell'.Should move up so.

[lbo] 08/12/2009 18:40

next they will be betting on weather derivatives!

C&C Bets The Bar on Cider

[lbo] 08/12/2009 18:38

Yes becoming even more leveraged to sales of a weather dependendent drink like Cider is a geat business plan with the recent climatic changes over the last few years (highest rainfall on records)! LOL



C&C's problem was that its programme of divestments had turned it into a one-trick pony.

The situation was compounded by the weather-related nature of the cider business -- the bad summer effectively ruined the share price last year

[lochgarman] 01/12/2009 18:37

djderry...i agree...looks like a nice bolt on acquisition. Gives them even greater access to distribution channels etc.

[djderry] 30/11/2009 20:05

The acquisition of Constellation Brands' cider business in the U.K. is interesting,not least in that they're acquiring 'value brands' as well.So instead of just offering customers the 'premium' product,they'll have something for the 'chavs' as well!

[lbo] 25/11/2009 10:15

Drinks group Britvic has reported a 5.6% drop in annual revenues at its Irish operations as it said that the market here shows no sign of a return to growth in the short term.

Britvic, whose brands include Ballygowan, 7UP, Club, Mi Wadi and Robinsons, said that its Irish revenues for the year ending September fell to £189.5m sterling from £200.7m in 2008. Its Irish operating profits fell by 17% to £12.2m from £14.7m

[lbo] 18/11/2009 20:41

THE currency crisis is costing thousands of jobs and putting the viability of Ireland's export-dependent agri-food sector under threat, according to a report launched in Dublin yesterday.

[lbo] 17/11/2009 21:56

CIDER production in Ireland fell 0.6pc in the 12 months to the end of September, Davy Stockbrokers said yesterday, citing new customs and excise figures.

C&C, which sells Bulmers here and Magners in Britain, is struggling to maintain market share in either region, both of which are in recession and both of which have seen poor weather deter cider-drinkers.

[lbo] 16/11/2009 22:59

The latest Nielsen British off-trade data for the four weeks to end-October show that Magners' pricing trend is moving upwards in the GB off-trade market. Magners price per litre rose 2.8pc month-on-month (mom). "This month, C and C will start to lap easier price comps and we should start to see Magners' pricing improve on a year-on-year basis," said Davy's Barry Gallagher. Volumes for both Magners (-8.4pc) and Bulmers (-6.3pc) were weaker than the off-trade cider market (+4.6pc). Shares in C and C fell by 8c to E2.52.

[lbo] 03/11/2009 12:01

Pubs cut beer prices as pound slide leaves them 'high and dry'



Consumers are heading north in search of cheaper food and televisions, UK tourist numbers are sinking, and exporters such as food company Kerry Group and C&C, the maker of Bulmers cider, are suffering in their largest European market.

"It's nothing but bad news to Irish exporters," said Alan McQuaid, chief economist at Bloxham Stockbrokers in Dublin. "Sterling is a bigger negative force than in any other euro-region country. It's certainly something we could do without."

Almost 20pc of Irish exports go to Britain, where companies including Kerry, DCC and Greencore, which supplies more than 100 million ready meals to the UK, are being hit on their sales or the translation of profit back into euros.

[lbo] 19/10/2009 18:11

Sterling Weakness Adds to Ireland's Economic Troubles



"Between now and year-end sterling going to weaken further rather than strengthen," said Dublin-based Bloxham Stockbrokers chief economist Alan McQuaid. "This weakness in sterling is not good news for Ireland."

The food and drink industry, which accounts for two-thirds of exports not accounted for by multinational companies based in Ireland, is particularly vulnerable to this weakness in sterling. Approximately 43% of food and drink exports go to the U.K.

"The increasing weakness of sterling is having a crippling effect on our exports," said Paul Kelly, director of Food and Drink Industry Ireland.




C&C's sales go cold

[lbo] 22/9/2009 22:21

Cheap sterling is the last thing our economy needs

[lochgarman] 22/9/2009 10:25

Cider is outperforming in a weak Irish drinks market, according to the latest data
from the Irish Revenue Commissioners. Net excise receipts and volumes clearance
(which we use as a proxy for consumption) for cider are growing this year, while
the data for beer and spirits show these categories declining.
Irish net excise receipts for cider grew +2.2% year-on-year (yoy) in August. Cider
net excise receipts for the first half of C&C's financial year (beginning March to end
August) showed growth of 2.7% yoy.
In comparison, Irish beer and spirits markets were weaker. Net excise receipts for
beer declined -1.4% yoy in August and are down -3.9% yoy from March-August
(C&C's first-half period). The Irish spirits market showed starker declines, falling
-15.4% yoy in August and -19% yoy in the March-August period.
The Revenue Commissioners also published volume clearance data for July which
show domestically-produced cider growing at a faster rate than imports. Domestic
cider volumes rose 2.7% yoy in July compared to 0.4% yoy for imported cider.
Domestically-produced cider accounts for some 90% of the total Irish cider market.
In 2008, domestic cider volumes declined 12% while imported cider grew 12%
yoy. We note that Irish cider volumes for 2008 were at the lowest levels since
1999. C&C has over 85% share of the Irish cider market.
The introduction of Bulmers Pear, the reduction of the price of the Bulmers pint
bottle and a marketing campaign focused on highlighting this cut are some of the
factors driving cider's outperformance. We are forecasting 2% volume growth and
-4.5% pricing for C&C's Irish cider division this year.

[lbo] 21/9/2009 10:50

Among those with high sterling exposure are Kingspan, DCC, Abbey and C&C and, in total, 30 per cent of the ISEQ's earnings are in sterling.

[lochgarman] 21/9/2009 09:53

Magners recorded year-on-year (yoy) growth in July of +5%. This is a significant
turnaround from the mid-20s percent year-on-year (yoy) falls that the brand has
experienced for the last two years. The data confirm that management has
achieved its goal, set out in March, to stabilise Magners in the GB market.
The on-trade cider market grew in value by +6% in July (3% volume, 3% pricing);
Magners outperformed with +8% value growth (5% volume, 3% pricing). The
overall long alcoholic drinks (LAD) market saw a -1% fall (-5% volume, +4%
pricing).
The Magners Pear roll-out has been successful, helping drive volume growth and
rejuvenating the brand. Pear has achieved 20% distribution since being launched
in March (Magners Original has some 60% distribution). Interestingly, while
Magners draught distribution has not increased this year, it has shown strong
volume gains: with just 10% distribution, it has taken a 4.5% share of the draught
cider category. Draught cider represents 70% of the on-trade cider category.
Magners draught now represents 20% of Magners GB on-trade sales, and we see
good potential for the offering going forward.
Very strong growth was recorded in the off-trade cider category, but Magners
underperformed. Magners volume growth was c.+14% yoy, but price/mix was
weaker (-9% yoy). This fall in pricing yoy (price per litre for Magners was stable
month-on-month) reflects the fact that Magners pricing was out of step with the
competition 12 months ago, when it sold at a 25% premium to its competitor
brand, Bulmers. The premium is now 10%.

[lbo] 29/8/2009 21:07

C&C CHIEF executive John Dunsmore told shareholders yesterday that he was confident the drinks group would "stabilise" volume sales of cider this year following a decision to pursue separate marketing strategies for the Irish and British markets.

"We lost about 15 to 20 per cent volume in the last year," he said. "Our objective for this financial year to the end of February 2010 is to stabilise volumes and we are extremely confident of our ability to do that."