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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| C&c Group Plc | CCR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 0.95% | 148.40 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 146.00 | 145.60 | 148.20 | 148.40 | 147.00 |
| Industry Sector |
|---|
| BEVERAGES |
| Top Posts |
|---|
Posted at 05/5/2022 09:36 by km18 C&C group PLC encompasses divisions focused on manufacturing and distributing branded wine, cider and soft drinks across the UK and Ireland. These highly enriching and stimulating initiatives forced up operating profit to €45-47m, reflecting the firm’s positive trading momentum. The group also enhanced its balance sheet, since it is focused on liquidity management and net debt reduction. As a result, net debt effectively plummeted from €442m to €263m, enabling the firm to be lowly geared while driving down the leverage ratio with the purpose of attracting new investors. Despite the firm’s robust financial performance, the group is trading at a discount, illustrated by the P/E of 13.1x, which is below the consumer staples P/E of 27.31x, signifying that the security is cheaply available for investors to purchase the stock and is likely to surge in value. |
Posted at 10/11/2020 09:30 by a_game I also like the fact there are very few retail investors in this stock, just look how quiet this board is. Funds will provide the buying power here - the hedge fund report from earlier in the summer is spot on regarding the upside potential here. No doubt they and others are buying more |
Posted at 11/10/2010 21:39 by lbo Cider maker C&C is struggling to maintain Irish profits in a very depressed drinks market, with growth prospects now firmly tied to its plans for Britain and, increasingly, further afield.hype surrounding the Magners push into Europe a few years ago which ultimately failed to deliver. While the international potential of Magners may be a beacon of light for long-term investors, the immediate issue for Dunsmore continues to be wrestling the volatile Irish and British markets under control. Although C&C first started out with Bulmers in Ireland, the poor state of Irish consumer spending is weighing on the stock. A report on the stock by Davy pointed out that Irish excise statistics for July showed that C&C's consumption levels had fallen by 6.6 per cent between March and July. C&C said at the beginning of the year that its target was to ''defend profitability'' in Ireland. Davy is forecasting a top-line decline of 9 per cent, and an 8 per cent decrease in earnings before interest and tax. The picture in Britain is a bit rosier, although there are still several issues to be ironed out. According to data from Nielsen, Magners volumes in the off-licence channel have increased 18 per cent but have declined 6 per cent in the pub trade. This represents an overall lift in volumes of 4 per cent. The improved off-trade performance has been driven by the World Cup sales boost, as well as the longer-term benefit derived from the establishment of a solid off-trade sales structure. However, problems remain with the fact that Magners does not have enough exposure to the fast-growing draught category. |
Posted at 14/12/2009 21:21 by lbo 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. |
Posted at 13/12/2009 21:59 by lochgarman 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. |
Posted at 27/8/2009 11:14 by bongo bwana Medium/Long term still v. good DCL.The cork popped this morning so the short term might be volatile. It will be interesting to see what Investors Chronicle and Brokers think about the deal, which the markets like. Perhaps a taste of things to come. The new guys on the block are visionary and creative with proven track career records in S&N. |
Posted at 14/7/2009 17:10 by qs9 Agreed. Hopefully their senior management can get around the city/investors / institutions with their IR team and reassure them that things are not as bad as first thought if profits are still in line.....that may help them to shoot back through £2 in reasonably short order iMO....DYOR etc |
Posted at 13/7/2009 19:48 by lbo C&C closes 16% lower after revised figuresA note from NCB Stockbrokers said the update 'will put a question mark over management's credibility as they continue to try and re-establish the Bulmers and Magners brands' Instead of the 3 per cent rise in revenues for the four months to June 30, C&C has revised the figure to show a drop of 5 per cent. Cider sales were down 6 per cent rather than the 3 per cent increase reported to investors on Wednesday last week. Andrew Holland, an analyst at Evolution Securities, said today: 'There has been no change to the volume figures, but the implication is that cider pricing, which last week appeared to be positive was actually negative.' |
Posted at 23/4/2009 19:35 by lbo Cider-maker C&C was one of the better performers gaining over 7.5 per cent to 1.69, having earlier traded as high as 1.74 on strong volumes.Britain added 4 pence to a bottle of cider in its budget yesterday and brokers suggested investors may have factored in a higher duty rate. "Maybe 4 pence is viewed as decent compared to what they were expecting," one Dublin broker said |
Posted at 20/1/2008 10:51 by itansey Future uncertain for Magners after dry British spell 20 January 2008 By Samantha McCaughren - Sunday Business Post British drinkers lost their taste for Magners last summer and have not returned to cider during the autumn and winter months. Many are now wondering if the initially positive response among London drinkers to Magners was a brief fling, rather than a love affair. In the company's first ever third quarter update last week, C&C said that the cider business was down 18 per cent in the three months to the end of November. There had been an expectation that the fall might just be in the high single digits. The key problem for the market is that the company can give little guidance as to how the brand will perform in the year ahead. For management and investors alike, it is a waiting game. One analyst said that fund managers would not touch shares with poor visibility in the current environment. ''It's not a high visibility business, because you have no contracts coming in. You are talking maybe February, maybe May, until you see if the market share has stabilised," he said. ''It'll be about two years before you can see if the company has the potential to re-group in Britain, get market share back and grow the product again." But Liam Igoe, of Goodbody Stockbrokers, believes the market is being too harsh on the brand. ''We hold with the view that C&C's current share price is effectively writing of f the value of the Magners brand," he said. ''We think this view is excessive and we consequently retain our positive stance on the stock. We hold with the view that the Magners franchise has significant value, which is largely ignored in the current share price." He said that even if a value of zero was applied to the Magners brand, a current value of 3.46 could be put on the stock, compared with 6.04, including a valuation for Magners. The company's shares gained nearly 11 per cent last Friday, to close at 4.23. But for now, the power of the Magners marketing blitz, which replicates the Bulmers strategy in Ireland, is not having the desired impact. The company's original target was to gain 4 per cent of the LAD (long alcohol drinks) market in Britain by 2010/2011 but that looks highly unlikely now. Some in the market believe that the best case scenario would be a 2.5 per cent share in that timeframe. At the time of the Rugby World Cup, Magners did manage to get a 4 per cent share of the LAD market in London, but some sceptics believe that may have been a one-off, a fad never to be repeated. In Ireland, the company has a market share of the LAD drinks market of about 11 per cent, while in the North, it is about 7 per cent. There was an expectation that this pattern of increased share would be replicated in Britain. ''People say it is a totally different market," said one market source. ''Now, there is an appetite for the company to hold its current share and grow from there," he said. Other valuations in the drinks sector also concern some investors. International brand Grolsch was recently sold to SABMiller for 820 million. At the moment, C&C has a market capitalisation of 1.3 billion, although it still owns other brands, such as whiskey Tullamore Dew. ''Grolsch is a worldwide name, with a presence in emerging markets," said the market source. ''It has a lot more recognition that Magners ever had. So far, it doesn't look like Magners is transferable out of Ireland and Britain. Until they can prove it's transferable to Australia or the US, it has limited potential." There is strong expectation that Magners trials in Munich and Barcelona will be halted, but issues continue to face the company in Britain. Ross McEvoy, an analyst with Bloxham's, said the British drinks market has problems. Pub group Punch Taverns last week released its trading update for the 20weeks to January 5, 2008. ''Trading over the last eight weeks has been more subdued, in what has been widely acknowledged as a challenging period for the sector, with declining consumer confidence and the impact of the smoking ban in England and Wales," said McEvoy in a note. ''Going forward, the group remains cautious over the short-term outlook for the sector." So, while C&C, under chief executive Maurice Pratt, will be trying to hold its share in the face of increased competition in the cider segment, it may also have to tackle wider problems in the British drinks sector. The company is scheduled to update investors on sales at the end of February, and to report results on May 8. |
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