Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Plus the train strikes have been cancelled which will be good for them.
good to see the broker's recommendation of Buy from Short Capital.
Can expect a good report from CCR soon.
judging by 2022 report and the xmas trading reports they should be in a good position.
and we have the spring and summer alcohol sales to come.
Broker Recommendation: Shore Capital = Buy
Date: 7th March 2023
getting closer to the FY2023 report period, and going by trend debt should be almost clear, and cash generative business.
looking at trends for alcohol consumption C&c Grp (CCR) are in the perfect position of having products that are cost effective but still have a mid-premium value, so all the festival and pub goers this spring / summer will be buy lots.
expensive craft IPA etc... will be replaced by more affordable beverages that still have a good quality associated.
Pre close trading statement 23rd March, I just hope they don't use rail strikes again as impacting trading like in January.
It was doing nicely until then, was at 180 before tanking that day.
I think possibly this is the reason it's so weak currently, new train strikes in March.
Having said that they only envisaged missing profit forecasts by about 7 million, no major miss.
Yes dividend confirmation would be good but may not confirm amount until FY results.
platform formed, get ready for a massive rise.
Debt down, cash-generative business!
Dividend payments should be coming back soon.
more upside than downside and great entry point.
Soon we should see the FY2023 Results and Capital Markets Day RNS.
Lots to look forward to:
Expect Net Debt to be down, and relatively clear, making the business cash generative.
Expect cash reserves to have been greatly increased.
New Growth in Australia, Europe, and USA with the re-opening of trade and end of covid restrictions.
Potential for a special dividend announcement to be made.
Debt cleared, circa 100m a year profit + brands + physical assets and sales channel / 393 shares = maybe £3 a share
DYOR GLA
Erm, yes, game changing figures! As I said previously, I can’t criticise your optimism!
this could be a good extra earner for the company.
Before the removal of the export tax, the market of UK Gin into Australia for 2021 was £21.3m
Down due to covid related factors.
With the tax removed, this opens the potential rate of growth more.
Alongside that the natural spring back in the market.
In the 2022 Annual Report, they signed a new distribution deal in Australia with Good Drinks Australia:
"In one of our core markets, Australia, we signed a new distribution agreement with Good Drinks Australia Ltd."
Source: https: // candcgroupplc .com /wp-content/uploads/2022/06/CC_AR_YE2022-1.pdf
"In 2021, the UK exported £21.3 million of gin to Australia. According to Statista, the gin market in Australia is expected to grow by a further 6.37% annually over the next three years."
Source: https:// www. gov.uk/ government/news/aussies-to-toast-tariff-free-british-gts-in-2023-under-new-trade-deal
Ha! Yes, the well known Didsbury Gin brand! That will make all the difference to CCR. No worries now. Why haven’t the analysts picked up on that? You wonder what they’re paid for sometimes.
Great for C&c Grp with their Didsbury Gin brand
https://www.gov.uk/government/news/aussies-to-toast-tariff-free-british-gts-in-2023-under-new-trade-deal
You guys are glass half full! All sorts of positive assumptions there! Welcome on board.
good plan, looks like they will have a trade update within the next couple of weeks.
also based on the number they should have reduced the debt to very low levels.
Once the dividend starts again, and being a business with cash in the bank and no debt, this share could rise fast to the 300 regions
based on those projections they could have debt down to the 20m zone.
They would be a cash generating business, with minimum overheads due to their full channel integrated sales model.
As such, they can expand dynamically with the market, reducing costs and having product in hand.
They should have they trade up out in a few days, and based on the Xmas one it should be good.
Lots of students in the UK drinking would help to balance the Jan/Feb period to give a great start to 2023, and we have the Spring/Summer natural rise to come.
Going to keep buying from here all the way up.
Good find with this share.
The finances are looking good.
They managed to get the debt from 362.3m down to 191.3m in a year.
A reduction in debt from 2021 to 2022 of 171m (41%), as reported in May 2022.
From 2022 to 2023 they could have the debt down to 21m or less.
Would expect them to restart the dividend again soon.
At this price great to buy and hold.
Making similar revenue/profit with "normal" market conditions could be worth 380 a share, (155% rise from the current price).
DYOR GLA
"year-on-year net revenue growth of c.20% in the key trading month of December 2022"
Looks like they will further reduce debt, and have great revenues to show.
from last report 17th May 2022 07:00
RETURN TO PROFITABILITY: RESULTS FOR THE 12 MONTHS ENDED 28 FEBRUARY 2022
EBITDA profit: €79m = great profit margins even in these tough times
Debt with lease: €271m = debt reduced and cleared soon
Liquidity = €438m
I have a confession. I topped up yesterday, breaking my promise to myself not to. This was against my gut instinct about this company and that has never turned out well for me in the past so I really hope this is the exception. They need a good ol’ kick up the a*se to get this one going.
Humpty at the 145p levels this has to be a tuckaway.
have a property there so yes.
personally I like Carling and magners - as regards the drift I guess wee Nippy's priorities and EU invasion have changed the demand profile. They need to do a reengage with a new contract with Wetherspoons.
Have you been to Scotland Mary? Tennents is the Carling of Scotland - ie sh**e! Magners and Bulmers at one point were really strong brands, but they’ve let them drift and their profiles have shrunk dramatically. I am still a holder here, but I need to see some serious uplift in numbers before I’d put a penny more here. They’re trading currently on past glories. They need to step up their game significantly to stop the rot.
from Oct
https://archive.ph/9UIrK
C&C raises a glass to profit growth
Greig Cameron
Friday October 28 2022, 12.01am BST, The Times
A mural in Glasgow celebrating Tennent’s lager, one of C&C Group’s main brands
A mural in Glasgow celebrating Tennent’s lager, one of C&C Group’s main brands
GERARD FERRY/ALAMY
The drinks manufacturer and supplier C&C Group is to reinstate a dividend after increasing profit and trimming debt.
The company was helped by a period with relatively few Covid restrictions across its main markets in the UK and Ireland, with its net revenue increasing almost 36 per cent to €903 million. Pre-tax profit in the six months to August was €47.4 million, compared with €7.1 million previously.
Strong cashflow and the sale of its stake in the Admiral Taverns chain brought net debt down to €179.7 million from €245.8 million previously.
C&C has its headquarters in Dublin and is listed on the London Stock Exchange. Tennent’s, Magners and Bulmers are among its main brands, while it also owns the Matthew Clark and Bibendum wholesalers.
This is now vulnerable to train strike news as was the reason they gave in the update as impacting performance. Imo this will struggle until that is resolved.
Yeah, but second gear in an old banger is nothing to write home about! Honestly, this is rubbish, and so far as I can see they are putting nothing into their brands. Nothing here to light the touchpaper that I can see.
starting to shift into 2nd gear.