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Sales up 10%.... thats the important thing...
Lots of caveats, mixed messaging yet again.
Still adding on dips.
AGM tomorrow - let's hear some more positive news
Dividend payment on 21st July - nice.
This seems severely undervalued. A one off 25 milion hit and its pummelled. Very little debt / strong EBITDA and profit and its valued extremely low. Bought a good tranche of these - should be £2+ on current metrics
Hope the warm weather encourages a cider or two - Hope inflation drops and hope this share recovers - have taken a position here…
C&C Group is a FTSE 250 company headquartered in Dublin and is listed on the London Stock Exchange.
Thanks
I can understand why there is a 25% Withholding Tax on dividends as it is an Irish company
But why is there 1% stamp duty to buy the shares?
The stamp duty for purchases on the Irish stock exchange is 1%
But the company is trading on the LSE
So should the stamp duty not be 0.5% ?
1% stamp and withholding tax !
Policy
Dividend Withholding Tax
Irish Dividend Withholding Tax (DWT) will be deducted from dividends paid by the Company, unless a shareholder is entitled to an exemption and has submitted a properly completed exemption form to the Company’s Registrars. DWT applies to dividends whether paid by way of cash or by way of shares under the scrip dividend scheme and is deducted at the standard rate of Income Tax (currently 25%). Where a shareholder elects to receive a scrip dividend, the DWT is deducted by way of an adjustment to the number of scrip shares issued in lieu of the cash dividend. Shareholders who are not resident in Ireland and certain Irish companies, trusts, pension schemes, investment undertakings and charities may be entitled to claim exemption from DWT. Individuals who are resident in Ireland for tax purposes are not entitled to an exemption. Further information and copies of exemption forms click here. Shareholders should note that DWT will be deducted from dividends in cases where a properly completed form has not been received by the record date for a dividend. For DWT forms click here. The Company and the Registrars cannot give tax advice. If you are in any doubt about your position, you should consult a financial or tax adviser.
Is there Withholding Tax on dividends here?
And is there no stamp duty on purchases?
Https://www.londonstockexchange.com/news-article/CCR/holding-s-in-company/15975934
Yet another director buy in - every little helps
An obvious buy signal - directors buys capitulation over and recovery on it's way and did I say dividend in June.
Better than selling HD. This will be back to 160p shortly as the news filters out. Up channel, sale over.
Crappy little buys though Mary. If I had the inside track on a company and the opportunity to load up at a bargain price I would fill my boots, not fill my thimble.
A 2nd diector top up now. Follow the money.
https://www.lse.co.uk/rns/CCR/directorpdmr-shareholding-m5b351f0r6zymi2.html
https://www.lse.co.uk/rns/CCR/directorpdmr-shareholding-qrj3apxqofpstyt.html
The 8p drop just got me hooked again.
Yes topped up again for the ride up. Far too many of these now but hey ho.
CEO buying
Knows the ex CEO was a muppet
Let’s hope he his the saviour
G
L
A
Plus div reinstated, debt slashed, strong cash flow, improving margins.
Challenges environment remains but investable again it seems .
An improvement through May is being achieved by investing material additional cost and resources, ahead of a system fix being implemented to restore service to normal levels permanently.
The fix is in so one off cost.
Buying on weakness for sure.
Should be an up day , surely.
STRATEGIC & OPERATING HIGHLIGHTS
Market share for Tennent’s and Bulmers improved year-on-year maintaining clear market-leading positions(viii).
Magners progressing in the off-trade, recording its highest off-trade share of the cider category in 3 years(ix).
Premium beer brand portfolio delivered on-trade volume growth of 44.1% in the year.
The on-trade in GB grew its revenue per customer year-on-year by 29.5% and increased the percentage of on-trade outlets stocking a C&C brand from 53% to 58%.
4% operating margin(iii) for distribution remains the Group’s steady state target, having been achieved in H1 FY2023. Distribution operating margin(iii) in FY2023 was up 2ppts to 3.1% despite the significant impact on consumer demand, due to cost of living pressures and various strikes.
Group branded operating margins(iii) were flat year-on-year, with volume/mix benefit and price actions being offset by increased marketing investment and inflationary impacts on the cost base.
Implemented a complex ERP system upgrade, which commenced in February 2023 in our Matthew Clark & Bibendum (‘MCB’) business. The implementation of this advanced warehousing management technology is a key step in our digital transformation and optimisation of our GB operations, and, is an investment for the future from an infrastructure and customer service perspective.
Rhetorical lol.
Some lovely buying at the end of the shift
Averaged down yesterday
If all goes well will be in the green tomorrow
I hope that goes for more of you holders ??
Surely they cannot find anything else to spoil the party ???
Will be an interesting watch tomorrow at open.
A green day please with all the news factoroed. Good luck all.
Fair enough, hence the departures.
Assuming that there would be a counter indemnity too against the company tasked with introducing the change. The market seems to having sencond thoughts about the markdown.
Looking forward, the results tomorrow and the dividend return could be a catalyst for a rerate upwards.
Invest on prospects. Long term.