C&c Share Discussion Threads

[eye2] 29/1/2009 15:51

magners pear cider out very soon, could well be the answer to get things moving.magners dont make any-none-alcoholic stuff.

[lobby ludd] 29/1/2009 15:18

jojo - 'the other (non alcoholic) stuff they do could be spun off immediately'.
What non-alcohlic stuff ? They don't make any non-alcoholic stuff ?

[finbarr] 27/1/2009 21:17

jojo,

I agree but current buyout price probably no more than 1.50

[jojo_jo] 27/1/2009 20:37

This is now a serious takeover possibility by a major UK brewer looking to become the market leader in Cider overnight. It can now be snapped up on the cheap, at a price between E1.50 - E2.00. Mark my words someone will do it!
They do not have to rely on (currently abysmal) pub sales, and sell very well in supermarkets and 'offies'. They also distribute Bulmers in Ireland. The other (non alcoholic) stuff they do could be spun off immediately to recoup some of the acquisition costs.

I'm a buyer at this price (and up to E1.00) on the basis that someone will soon come in for them before the good weather kicks in.

[finbarr] 27/1/2009 13:25

Nasty sell note out by Goldmans with a pt of .64

[shazzieb] 07/1/2009 12:54

Thanks a lot for the info folks. Will certainly research company and keep checking this thread.

[lobby ludd] 07/1/2009 11:10

One of The Telegraph's 'Tips of 2009' last weekend.

[bionicdog] 06/1/2009 21:07

They can't go down much more!
At least they seem to be adopting a slightly more sensible pricing policy in the supermarkets. Nobody was ever going to stump up £2 for a bottle. Like everybody else , I prefer Magners , but if I can get 4 cans of Bulmers for £3 it's no contest.

[djderry] 06/1/2009 19:56

Yes,Shazzieb,this thread is 'live',but not very lively.(Most of the posters on here spend their days looking at computer screens whilst imbibing too much of the company's products: Magners in the UK and Bulmers in the Irish Republic).Regarding whether you should invest in these,well you really should research the co.There were huge hopes that it would crack the UK LAD market but S and N's product ( also,confusingly called Bulmers in the UK) undercut them.Weather didn't help either.We've now got new management (the guys in S and N who did all the damage.)I predict : The shares will go up......or down...or ...stay where they are!

[shazzieb] 06/1/2009 12:47

don't know if this thread is still 'live'. It has been predicted that UK is to have a great summer for 2009, was given a tip to buy equity shares but I am unfamilar with C & C.........any thoughts?

[lbo] 10/11/2008 15:05

C&C shares jump after new CEO is named

[lbo] 14/10/2008 20:33

A reduced rate of excise duty, at 50 per cent of the full appropriate excise duty rate for beer and cider, will be introduced for beer and cider products with an alcohol by volume content of 2.8 per cent or less

[djderry] 09/10/2008 19:32

Dividend halved,Maurice says 'adios'.

[lbo] 26/8/2008 14:40

C&C bid rumours grow as sales fall

[lbo] 23/7/2008 16:44

Goldmans up C&C to 'neutral' from 'sell' after significant underperformance

[lbo] 15/7/2008 08:25

Takeover speculation puts some fizz back in C&C

[bionicdog] 11/7/2008 13:31

I haven't seen it on draught anywhere. In any case if you had ice in it , you'd be ripped off wouldn't you? Has anybody got any experience of this draught madness?

[cat100] 11/7/2008 10:03

C&C Sales Fall Further as Britons Drink Less Cider (Update1)

By Louisa Nesbitt

July 11 (Bloomberg) -- C&C Group Plc, the Irish beverage maker whose shares plunged 70 percent in 2007, said sales have dropped further in its current fiscal year after Britons drank less Magners cider.

C&C slid as much as 8.5 percent in Dublin trading, extending yesterday's 9.4 percent drop. Sales from continuing operations declined 8 percent before one-time items in the four months through June, the Dublin-based company said today in a statement. The outlook is ``uncertain'' because of slowing economies and rainy weather, C&C said.

Magners sales fell 11 percent by volume in the financial year because of record rainfall and competition from larger rival Scottish & Newcastle Plc. C&C has hired a Molson Coors Brewing Co. executive to direct U.K. sales of Magners, introduced draft and lower-calorie versions of the beverage and simplified its cider unit's structure to stoke sales.

``The second half could prove particularly challenging,'' John O'Reilly, an analyst at Davy Stockbrokers in Dublin, said in a research report. ``There has to be concern that current weather, fierce pressure on trade and disimproving economic conditions will slow momentum compared to what might previously have been expected.''

Margin Improvement

While first-half sales probably will fall from a year earlier, the cider maker expects improved margins stemming from cost cuts to at least offset the effect of the decline on operating profit, according to the statement. The four-month sales drop was about the same as the decline for the financial year that ended in February.

C&C fell 23 cents to 2.49 euros, the day's lowest price, at 8:34 a.m. local time. The company now has a market value of 779 million euros ($1.2 billion), about a fifth of its worth when the stock peaked at 14.03 euros in January 2007.

Cider sales declined in both Britain and Ireland during the four months. Sales of the beverage met forecasts ``broadly'' in Britain, and draft sales of Magners are ``progressing well'' after a slow start due to initial equipment supply problems.

The drop in Irish cider sales reflects a ``weak'' local market, particularly in pubs and restaurants, the statement shows.

Weather Forecast

Cider consumption usually increases as temperatures rise, a tendency that worked against the beverage maker last year: the months of May, June and July were the wettest in England and Wales since records began in 1766, according to the government weather agency. It has forecast a ``typical'' summer this year, with ``very low'' risk of storms as severe as in 2007.

Rainfall was above normal in most of Ireland in June, with around twice the usual amount in the south and southeast, weather agency Met Eireann's Web site shows.

C&C uses the Magners brand outside Ireland and sells cider at home under the Bulmers name, now owned in the U.K. by Heineken NV after it bought Scottish & Newcastle with Carlsberg A/S in April. Magners, which sponsors rugby union club London Wasps to keep its brand in the public eye, also competes with the likes of Blackthorn cider, made by U.S. vintner Constellation Brands Inc.

Four-month sales rose 3 percent at C&C's spirits and liqueurs unit, the statement shows. That compares with a 5.4 percent drop during the fiscal year linked to higher spending to advertise Tullamore Dew whiskey and other beverages.

To contact the reporter on this story: Louisa Nesbitt in Dublin at [e-mail]

Last Updated: July 11, 2008 03:39 EDT

[analyst] 11/7/2008 08:06

More terrible news.

[cat100] 10/7/2008 11:49

I think c and c have 0 value on the U.K. business priced into the stock. It was around this time last year that the two profit warnings came. I bet the market is worried about the same happening again. I think I'll be buying after the next announcement from the co. I think they got downgraded by some small non holder in the U.K. in the last day or two. Someone told me that but I didn't see it.

[cat100] 10/7/2008 11:24

I keep an eye here. I use to hold last year. I remember the speculation about a buyout when they traded at 12 euro . I know it's a different co now and they may have a prob. with over expansion of their manufacturing fasilities. Still if anyone wanted a product to add to their portfolio this would be a cheap entry point.

[analyst] 09/7/2008 18:41

Another rainy day - another 7% off the price!

[lbo] 08/7/2008 14:21

Another summer washout

[itansey] 02/7/2008 20:25

Whats going on with this stock. Nearly 50% down from the recent high of over €5.50...

[eoc74] 20/6/2008 14:13

Director exercising options and Invesco selling 3m shares is why this is down again.