C&c Share Discussion Threads

[a_game] 13/9/2021 22:04

looks like an inverse head & shoulders is forming here. I'd be surprised it we didn't break up towards 300p before the year is out

[electrick] 19/8/2021 08:27

Happy with current performance… more please!!!

[a_game] 18/8/2021 16:41

cracking run since mid-July. Long may it continue.

[a_game] 21/7/2021 15:11

well done electrick! Have to admit, I didn't think we'd see these levels again. Very happy to ride it out as it's clear it will rise back in time (provided no black swan). I have also had a few more around £2.20

[electrick] 20/7/2021 08:50

Some more for me this am…
Feels great to be back with a slice of CCR … albeit half of original holding…
Will load up sub 1.95 if I get the chance

[electrick] 20/7/2021 07:36

Looks like the Summer Sales have started.

Happy to take a slice at 2.10…
Reckon there will be opportunities a bit lower too but keeping half my powder dry

[johnwise] 01/7/2021 08:33

01/07/2021 7:00am

UK Regulatory (RNS & others)

C&C GROUP PLC: AGM Statement

[johnwise] 23/6/2021 16:38

23/06/2021 7:00am

C&C Group Plc Holding(s) in Company

BlackRock, Inc.

[a_game] 22/6/2021 10:18

Quite a surprising turn of events! Yes, never know, I have some spare powder in case we dip back down towards 2.10 again but we may turn up from here and begin the long climb back..

who knows where in the short term! all part of the fun. Long term this is a great buy imo

[electrick] 18/6/2021 16:18

I did say my entry price was 2.10.
Didn’t think I would get a shot at it but if this continues… who knows

[a_game] 01/6/2021 10:33

Risk/reward stacks up very nicely again at this level. I've taken a few more this morning

[mariopeter] 28/5/2021 09:47

Reason I sold last week was I was worried bad debts may have arisen from pubs going bust during the lockdowns but I never saw a rights issue coming. Just shows you need luck in this game too but medium term holders should be in good shape later on.

Let's hope all those lockdowns are over now that we will have herd immunity soon. Good luck here.

[typo56] 27/5/2021 11:35

1lilac, you're not really in a 'nice profit'. Rights issues are a bit of a smoke & mirrors con in that what gets given on one hand gets taken away from the other. Therefore, whilst you may be able to sell the nil paid shares (CCRN)that you got 'given for free' for 63p this is offset by the drop you've suffered in the value of your original shares from 270p last night to 249p now (because they no longer trade with the benefit of the rights entitlement).

It's no coincidence that the difference in price between CCRN and CCR is 186p!

In spite of how they're dressed up, overall rights issues don't actually give existing holders any price advantage over anyone else buying in the market.

[a_game] 27/5/2021 09:41

I expect we'll see a steady climb back up once the short term churn from the news + rights issue works through. No doubt about it that C&C are in a strong position to weather whatever lies ahead, should be a profitable summer for them too. Remember C&C is a big cash cow in the good times.

[1lilac] 27/5/2021 09:16

So I cash in my share and want for the nil pads to be tradeable. I have already given them instruction over the phone and confirmation via emails.

It's already in my account and showing a nice profit, but not tradeable as of yet.

[typo56] 27/5/2021 08:43

Yes, ex-rights from open today. Entitlement is based on what you held last night so surprised if your broker accepted instructions before today.

The nil paids should be tradeable from today, fully paid from 21 June, although many brokers are slack on getting accounts credited on the day.

[1lilac] 27/5/2021 08:09

Anyone know if I can sell my shares today and still keep the nil pads. I have accepted the rights, but understand it's not tradeable for a few weeks,

[typo56] 26/5/2021 11:13

A lot depends on the sustained recovery of the hospitality sector.

Will people return to their old habits of going out? Will inflation dent disposable income? Will staff shortages/wage inflation cause more venues to close?

[electrick] 26/5/2021 08:52

AGame... looks like in mid / long term will be a great opportunity to pick up at a bargain price

Interesting on the timing too... had missed that... good money to be made...

It never disappoints!!

[typo56] 26/5/2021 08:47

186p is a bit of a shocker. A level largely determined by the underwriters I guess. Otherwise, it doesn't matter to existing holders what price the rights is done at, especially if they take up in full anyway.

At least they did the decent thing and used a rights issue. Other companies have been doing placings with their city mates and only a token open offer to PIs.

It doesn't go ex rights until tomorrow, meaning shares bought today should qualify.

[a_game] 26/5/2021 08:44

Well the results & guidance aren't overly surprising but that raise at 186p.. ouch, not pleasant. I'll be holding & subscribing for full allocation as I believe C&C has solid long term prospects but still, not the best news this morning!

[electrick] 26/5/2021 08:30

Conclusion
As we manage the economic and operational challenges presented by COVID-19 and position our business for
the future, I am encouraged by the agility and resilience of our business and the responses we have put in place to protect all our stakeholders. The Group’s business model has proven that it supports a
strong return to profit and underlying cash generation, once trading restrictions in the on-trade are eased. There is continued momentum in the vaccine programmes within our core markets and a roadmap has been communicated by the respective governments for the easing of trade restrictions. With that in mind, and the rights issue announced on 26 May 2021, I look to FY2022 with optimism and believe C&C will emerge from the pandemic a stronger business and positioned well for the long-term to capitalise on the prospects that present themselves as trade resumes across the hospitality sector.

Stewart Gilliland

Not too shabby given the year they have had...

[electrick] 26/5/2021 08:25

Short term share price though..... ouch

[electrick] 26/5/2021 08:24

Well there’s a turnup for the books.... 6/23 rights issue at £1.86 to raise £151m

Few nuggets in there... building a platform for the business to go forward...