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Can see this finishing -5% for the day
See there is buying 10k what a muppet
This is also true Mary.
JG68 you are also right. Days like this provide opportunities.
Mary
They could have announced thus in the forward looking statement, and countered the impact by the dividend announcement and operating profit, they have repeated in previous statements they will reintroduce dividends with minimal response from the market. Look at NEX 5p dividend and sp all time lows.
So imo unless they have something great to announce next week, then this could have waited or should have been updated previously.
The one off payment does state permanent fix and dividend payable so I agree with Mary over reaction possibly here and opportunity maybe
JG68 fair enough - probably get the news in ahead so as not to distract from results. In reality a 25m a one off and confirmation dividend returns despite this set back.
The market could react in one of 2 ways.
A buying or selling opportunity in the same day.
Companies that sucker punch a few days before a scheduled update are not trustworthy imo, they've known about this, no material impact to FY23, why announce it today?
Why not announce next week?
I'm selling out as I don't trust companies that do this.
Yet another ERP failure!
Wished I'd picked MAB over this, what a waste of time, even the dividend won't be any great game changer. Stockepedia forecast 4.7p.
per trading update
C&C intends to recommence dividend payments following the announcement of its FY2023 results and will evaluate the potential for further capital returns to shareholders in due course.
Can be read either way. but hopefully the news will be good.
Int 4c+ is what I am hoping for.
All good with my dividend prediction.
@HumpyDumpy, yeah debt down, would be nice if a tad bit lower, work in progress.
Looking at some trade forecasts the market is still a bit slow with Cost of living and the bad weather currently.
Any idea what the dividend will be?
Not exactly debt free Karl - but certainly a lot of debt paid down; and as you say you did call it right re potential divided reinstatement. Better than I expected.
Well look at that, what I have been saying on here for the past few weeks has happenen!
Just like my calls on Asos.
Hope some take heed that I might know a thing or 2 about the old stock game.
Anyway, the another share thats now ready for a big raise is Saga, please see my posts there.
C&C sees jump in FY profit, revenue despite 'challenging' backdrop
Thu, 23rd Mar 2023 07:53
(Sharecast News) - Bulmers and Magners owner C&C Group said on Thursday that it expects to report a jump in full-year revenues and operating profit despite a challenging backdrop, and to resume dividend payments later in the year.
In an update for the year to 28 February, the company said it expects to report an 18% year-on-year rise in revenues to around €1.69bn, with volumes up 4%. Meanwhile, operating profit is expected to come in at €84m, up from €48m a year earlier.
"This outcome reflects a number of factors, including the previously noted softer than expected Christmas trading and the impact of the various strikes in the UK," it said.
"In February, the group commenced a significant technology project in our GB operations, a key step in the digital transformation and optimisation of the business. The implementation phase of the project is taking longer than originally envisaged, with some consequent impact on service and profitability, however, encouragingly service levels have largely returned to normal levels."
C&C said it was pleased with the performance of its core brands - Bulmers and Tennent's - despite a "challenging" backdrop. It pointed out that according to the latest MAT volume data, both are continuing to grow category share.
The group said net debt reduced to around €150 from €271m at the end of FY2022, while the leverage multiple fell to 1.3x from 3.x4.
"Given the strength of the balance sheet and cash flow generation, C&C intends to recommence dividend payments following the announcement of its FY2023 results and will evaluate the potential for further capital returns to shareholders in due course," it said.
Topping up on any weakness.
Mar 21, 2023 144.00 148.90 144.00 148.90 148.90 5,310,181
Mar 20, 2023 - - - - - -
Mar 17, 2023 142.10 147.60 142.10 145.30 145.30 1,759,748
Mar 16, 2023 140.00 145.60 140.00 145.00 145.00 618,060
Mar 15, 2023 142.70 144.03 138.70 141.00 141.00 2,155,627
Mar 14, 2023 139.70 143.00 139.00 142.90 142.90 1,248,453
Mar 13, 2023 140.80 146.50 139.40 140.70 140.70 779,174
Mar 10, 2023 146.50 146.70 142.40 144.10 144.10 1,638,305
Mar 09, 2023 146.20 150.00 146.20 149.30 149.30 538,961
Mar 08, 2023 151.20 151.20 145.70 149.30 149.30 803,203
Mar 07, 2023 148.70 149.60 146.70 147.60 147.60 1,225,571
Mar 06, 2023 149.30 151.79 146.00 147.20 147.20 801,570
Mar 03, 2023 152.30 152.30 148.30 148.30 148.30 698,720
Mar 02, 2023 148.90 149.60 146.40 148.90 148.90 347,968
Mar 01, 2023 148.70 154.20 148.20 148.20 148.20 1,201,250
Feb 28, 2023 152.20 152.20 147.60 148.90 148.90 1,245,031
Feb 27, 2023 149.30 151.90 147.50 149.00 149.00 476,174
Always worth a watch when the volume spikes.
What about Didsbury gin though Karl! Budget is sh*te for that.
good news on the budget, keeping tax low on Beer and Cider is fantastic for this share!
BUY BUY BUY BUY BUY BUY BUY BUY BUY
of DYOR and GLA
results out on the 23rd March.
new UK budget looks like it will be good for beer and cider.
Spring and Summer sale load into stockist is happening.
looking at sales from other alcohol producers Xmas 2022 was a great time.
and with debt clearing, dividend will be coming back.
BUY BUY BUY
DYOR GLA
I’m really looking forward to seeing this debt free company you keep going on about Karl. What is this trend you refer to, and do you think that possibly rises in interest rates and poor sales could adversely affect that trend? Rather than just spouting the same thing over and over, why not just wait for the actual facts to be revealed by the company? If this is debt free and everything is as rosy as you say, you’ll earn a packet. If not, you won’t have tried to persuade others to lose a packet.
should get the results soon.
looking like a debt free company making cash.
potential for dividend to be reinstated
record low, a ton of upside from here