C&c Share Discussion Threads

[lbo] 25/7/2009 23:22

Thunder storms and torrential rain caused major traffic disruption yesterday as some roads were closed due to flooding.

[lbo] 20/7/2009 23:35

QS9 forcasting the weather is more important then looking at the dodgy historical figures! Or the house brokers feable Pear survery attempts LOL ( I also hear the initial sales of Pear were driven by novelty and consumers trying it but I also hear the feedback is not good about customers buying it again but DYOR)



Bad weather is bad news for C&C

[lochgarman] 20/7/2009 19:22

Uk nielsen ontrade data....magners upward volume trend very much improving...

pear also doing very very well.

[qs9] 18/7/2009 13:12

Thanks LBO for the Irish weather forecast...

[lbo] 17/7/2009 19:05

Not if you are sitting in the UK then you are contributing to Scottish & Newcastle profits! LOL





Scottish & Newcastle UK (S&N UK) is set to launch an eight pack of Bulmers Pear cider to make the most of the huge success of the popular premium cider brand since its launch.



Experts say we've seen the last of the sun this summer

[lochgarman] 17/7/2009 15:23

Well all i know is i sitting here drinking a lovely ice cold bottle of bulmers and it tastes fine thank you very much, and i am even contributing to my own profits... :-)

[lbo] 16/7/2009 15:38

It's all gone a little bit pear-shaped at C&C

I notice that C&C boss John Dunsmore suggested his own punishment for the company's trading update fiasco.

"It's a rapped-knuckles incident," said Dunsmore.

Well, if a 16pc drop in your share price is a rap on the knuckles I wouldn't like to see C&C if it got a kick in the unmentionables.

Amongst the many worrying features of the affair is the fact that C&C management fast-forwarded the release of the update because it felt it was so positive.

Right, so does that mean a bad news update would have been delayed?

Brings a new twist to the company slogan "nothing added but time" doesn't it?

Despite the huge marketing push behind its pretty toothsome new pear cider brand, it looks as if C&C's newsflow team could do with a few refresher courses in Leaving Cert accountancy.

[lbo] 15/7/2009 10:01

Falling sales when the weather was good is not looking good!

Flash floods and power cuts (even at the Queen's garden party) in Britain's heaviest downfall since records began in 1865



'More typical UK weather' on way

[qs9] 14/7/2009 18:10

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

[lochgarman] 14/7/2009 18:07

Profits still on target.

Profit will move this baby long term.

[qs9] 14/7/2009 11:16

Over sold IMO.....didn't they say profits are still in the same region, despite revenue fall off? DYOR but could see bounce back to above 2

[finbarr] 13/7/2009 20:53

LBO,

We can all read but what does it mean?

[lbo] 13/7/2009 20:48

C&C closes 16% lower after revised figures



A 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.'

[djderry] 13/7/2009 19:55

I know the outlook remains unchanged but still very poor form.

[queeny2] 13/7/2009 15:38

they really have been slaughtered today. Incomprehensible revision of numbers. Shocking lack of explanation, clear description of the changes, apologies, or reasons. Amazing.

[lbo] 13/7/2009 10:03

And this was before the numbers were cooked!

C&C is still a little flat Share


Sunday July 12 2009

LAST week's upbeat trading statement from C&C did nothing for the share price, which fell almost nine per cent. According to C&C, revenues in its core cider business were up three per cent in the first four months of the year and it now expects full year operating profits to be between €77m and €82m.

So why did shares refuse to budge? Well, cider volumes are still falling in the UK and the best the group can hope for is to stabilise UK cider volumes.

Even if it achieves this, UK cider profits are likely to remain under pressure from a revived HP Bulmer, now owned by Heineken.

Given this unappetising outlook, is C&C, chaired by Tony O'Brien (above), worth the €740m, plus net debt of €226, implied by the current share price?

I certainly don't think so.

[lbo] 13/7/2009 10:01

Ex-Ballygowan chief sues C&C over €3.4m shares

[lbo] 13/7/2009 09:54

They should all be fired! What a disgrace!

C&C drops 5pc following correction



Drinks group C&C has corrected the trading statement it released last week to now show that revenue fell by 5 percent in the first four months of the current financial year.

[lbo] 09/7/2009 14:28

We are sticking with our €81.7m EBIT for FY Feb '10 for now. It would be 10% higher if the marketing hike was not implemented. The key point here is that positive momentum is being restored. The prevailing EV/EBITDA of 10x and PER of 12x



Despite the recent launch of Magners Pear, Irish cider maker C&C Group has admitted it is losing share in a growing UK cider market.

Overall cider volumes for the first four months of the 2010 financial year were "ahead of plan", thanks to recent good weather and the launch of the pear cider variant.

[lochgarman] 09/7/2009 10:37

djderry....very....i added a few shares yesterday...

i like all the free cash flow :-)

[djderry] 08/7/2009 22:23

Satisfactory.

[lbo] 07/7/2009 00:09

Accounting body queried 11 large plcs



The Irish Auditing and Accounting Supervisory Authority (IAASA) reviewed the accounts of 13 leading Irish publicly quoted companies last year.

Of the 13 companies reviewed, the authority raised issues with the directors of 11 companies. The 11 companies with which the authority corresponded were Bank of Ireland, Ryanair, C&C, DCC, Oglesby and Butler, AIB, Anglo Irish Bank, CRH, IAWS, Kingspan And Waterford Wedgwood.

C&C Group and DCC were the subject of both a full review and a follow-up by the authority.

[lbo] 01/7/2009 23:48

UK's heatwave could end in wash-out





In an "unprecedented" initiative, Bulmers has responded to current economic conditions with a 10 per cent price reduction to wholesalers and the launch of a new TV advertising campaign with the pertinent strap line: "We Know Money Doesn't Grow on Trees...".