C&c Share Discussion Threads

[r0cksteady] 16/1/2008 08:29

its now a case of pop your feet up, and come back end of summer 08, and if is any good you will have an exit opp.

[eoc74] 16/1/2008 08:12

Poor statement. No info on how theyre going to fight competition or how theyre planning to grow Tullamore. Very dissapointed although not surprised. The company is run by clowns. We get the tired old nonsensical share buyback. Money down the drain. I cant understand how anyone can make an informed investment decision on this tyoe of statement.

[finbarr] 16/1/2008 07:25

trading statement not a profits warning wow! Share buy-back to recommence

[eoc74] 15/1/2008 15:05

It sure doesnt look too good Rocksteady. They are sure to allude to sterling weakness tomorrow. If they're running the company in a professional manner at all, they will have significant hedging in place to cover recent income so Sterling should not have an effect yet. Any company with earnings in another currency does this, even some of the worst companies like Waterford Wedgewood.

In the past, I have not found the company to be leaky before results but lets see tomorrow. The fact remains that the share price is totally underpriced unless there is a total collapse in sales down the road.

Hoping for some creativity and aggressiveness tomorrow from them regarding Tullamore and Cider sales in Europe. Im not holding my breath. If they don't deliver something exciting tomorrow, I think the board will have to resign for the comapany to have a successful future.

[r0cksteady] 15/1/2008 14:23

Feelings on the fall anyone? Do people expect the on-trade data to not reach expectations?

[finbarr] 14/1/2008 16:44

EOC and ROC,

Thanks for your views

[r0cksteady] 14/1/2008 15:55

finbarr: I would think they are far from out of the woods due to the competition. Magners has been squeased out of the pubs (particularly in London) and I would worry about sales in that regard. The off-trade market appears to have rebounded, but as i said above, it is the on-trade market that is most under threat currently. And a strategy to deal with this threat is what I want to be hearing about in the update this week.

[lobby ludd] 14/1/2008 13:16

The strong Euro will mean 'Magners' will cost UK consumers more, and they are thus likely to drink less. On the other hand, receipts from UK sales in pounds, will translate into higher Euro profits.

UK shareholders holdings, and dividends paid, will be worth more (in pounds).

[eoc74] 14/1/2008 13:03

The sterling issue is important although I think a lot of the apples used are actually sourced in the UK so the impact might not be as bad as we thought. Im also assuming they have some kind of hedging in place.

[finbarr] 14/1/2008 12:47

eoc74,

market worried about sterling weakness and its impact on c&c

Roc,

Why do you fear that C&C are far from out of the woods yet?

[eoc74] 14/1/2008 11:31

The market is not impressed today. Does anybody know whats going on?

As for Wednesday's statement, I am hoping that we get a clear statement of progress in the UK and the appointment of the new UK Manager. Also, I would expect to hear how they plan to expand Tullamore in other markets such as Spain where the whiskey market is huge and Tullamore is non-existant. I would also like to hear what they learned from their cash burn in Barcelona and Munich and how they are going to build on it.

[r0cksteady] 14/1/2008 11:05

Finbarr: I would hope so. I fear that C&C are far from out of the woods yet. Aggressive moves are going to have to be made in the UK. I hope that the management outlines a strategy to deal with the S&N Bulmers threat.

The off-trade data is fantastic, and it outlines what i believe, where C&C magners and S&N bulmers are stacked beside each other, Magners wins outright. Its a far superior drink.

[finbarr] 14/1/2008 09:15

Dresdner has today raised c&c to a buy from reduce.The turn?

[finbarr] 13/1/2008 15:42

my broker.

[r0cksteady] 12/1/2008 14:36

great stuff finbarr! Where did you find that information?

[finbarr] 11/1/2008 16:44

excellent off-trade Nielsen data for Magners for 4 weeks to 30th Dec. Magners share of o/t increased to 10.5% in Dec from 7.25% in Nov. Magners yoy increased by 54% compared to 34& in Nov. Off trade cider grew by 20% in Dec(!!!)(17% in Nov)
Magners Distribution rose to 91%(86% in Nov)

All good.


lets see what management say in the update on Wednesday the 16th

[eoc74] 24/12/2007 09:56

Lets hope 2008 will see the end of this slump.

[cat100] 24/12/2007 09:37

Happy Christmas all. Looks like Santa came a day early .

[eoc74] 18/12/2007 11:09

No idea finbarr. I often wonder about those types of trades.

[finbarr] 18/12/2007 09:53

I have noticed that on the L2 sell-side there is nearly always 3-4 vsmall sellers (between 80 and 300 shares offered). Any ideas? Please do not smartaleck back.

[eoc74] 07/12/2007 11:38

RSI has just crossed 30. Could be worth 15-20% short term.

[cat100] 07/12/2007 11:35

they look cheap enough for a punt

[finbarr] 07/12/2007 10:41

cat100,

I am also thinking of getting back in. Why did you?

[cat100] 07/12/2007 10:37

Well I'm in for better or worse

[cat100] 07/12/2007 09:55

I had sold in the high 12's I think . Now looking at them again. Might buy today at 4.22