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Todays results have been well received.
I thought the analysis was well put … particularly the assessment of US market and brand loyalty. Long way to go… but I do think we have turned a corner … let’s hope.
Wow, Fevertree seems to have survived the curse of a Questor tip. Many DT readers see his tip as a strong sell move. Well questor is not always wrong,let us hope his opinion here proves good. Keep buying Miss Golightly.
Fevertree heavily tipped for share price recovery in Daily Telegraph today….. I’m doing my bit. … got very over refreshed last night on the stuff. Oh …and Gin!
Miss G
:-)
He did well to get that price
Non exec chairman buys a fairly hefty chunk today.
UK & Europe Sales both down 10% in H2. Despite how it looks, the ROW has started to climb back - going from 9.6 in H1 to 17.6 in H2.
Think that was already in the price before news.
They've missed revenue estimates by £20m. US growth has slowed dramatically since H1
Overall excellent results in a very competitive market.
Acker
Https://citywire.com/wealth-manager/news/stock-talk-fevertree-upgrade-liontrust-over-the-moon/a2434079
This might lift the share price a little
This seemed to have sneaked through quietly.- avid served as Senior Vice President and Chief Supply Chain Officer for PepsiCo Beverages North America (PBNA) where he was accountable for leading the end-to-end supply chain operations for PBNA.
IMO, if it leads to some kind of distribution deal with PepsiCo it would be the fastest way to grow sales across NA, although that' just speculation. Either way, looks like a good fit for their long term strategy in the region.
On first reading I thought - "no problem, drinkers won't stop drinking, they'll just be trading down to cheaper whisky etc.)" but I guess the same could be said for the mixer they'll be buying, and ours is expensive :-(
Obvious read across to the mixer market
Yes, sadly a Questor recommend has become a reason to sell of late.
An encoraging directors buy, but I'm still hesitant at the very high p/e ratio of about 43%. This 'growth' stock which is down 65% and 59% over 5 and 2 years respectively, is not showing much sign of progressive profits. UK revenue growth is disappointing. US revenue is definitely encouraging. The share is under £10. Six years ago it was over £30. Some growth stock! Risky, despite Questor's recommendation today. Questor in my opinion has been abysmal in its recommendations over the last couple of years. Just look at TBLD and you'll see what I mean!!!
Quite a chunky buy. I might follow suit tomorrow, albeit with a (much) smaller quantity
Kevin Havelock, a Non-Executive Director of the Company, bought, in aggregate, 41,194 ordinary shares in the Company at a volume weighted average price of £10.194 per ordinary share via the London Stock Exchange.
Fevertree Drinks plc posted Interims for the HY ended 30th June this morning. The Group recorded revenue growth of 9% year-on-year to £175.6m, with a standout performance in the US of +40% growth which is now the Group's largest region by revenue contribution. Profits were held back a little driven by product cost headwinds, partially offset by efficiency projects, adjusted EBITDA dropped 54% to £10.2m. EPS was down more dramatically by 90% to 1.2p. Valuation remains the main cloud for the investment case with forward PE ratio at 47.9x looking a little prohibitive. The share has a market cap of over £1.5b on statutory net profit of under £25m. There is lots of growth here, but FEVR remains a share to monitor at current prices. ..
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/FEVR/791
Profit margins continue to take a hit but I like the detail laid out in the RNS on how they expect to see these headwinds resolve over the coming year or so.
Sales growth in the USA is still quite exciting and hopefully the ROW should pick back up soon. Overall, IMO they appear to be executing well on their global expansion not sacrificing their core principles of positioning themselves as a premium product.
Up over 8% currently. Didn’t realise how sensitive these would be to inflation and interest rates. Bought mine at £10.48 a while back as I like most of Nick Train stocks. Hopefully these can motor on now.
Bought a shedload along with the CEO when it dropped below £9. More than happy with progress since then as they seem to have a grip on costs and a competent management team. The whole market is on a downer of late and, as they say, when the tide goes out all boats will drop".
Bought some fevertree products in Dutch biggest supermarket chain. Price is 3,35 euro for 500 ml!!! Taste is personal but do not see this grasping a lot of marketshare in current pressured buying power isituation n these chains. Perhaps in clubs but not in regular supermarkets overhere.
Dear all, came across fever-tree in VIC database. Checked it out, looks like a great business in difficult times. A back on the envelop DCF gave me an intrinsic value of about 9-10 pounds. Just a starting point, please do not attach great meaning to it as my DD is just starting. To get me on the way, are there any publications I should look at worth reading? I have access to TIKR, Morningstart and SeekingAlpha and Simply Wallstreet. Product and brand look strong, what is wrong now. Is it mainly inflation and doubt about CAGR potential due to recession fear? How strong is the CEO and is the business in itself fundamentally having a moat? Many thanks upfront.
More probably belt tightening through rising interest rates. Non essential purchases eliminated. Flavoured water sold at premium price is obvious candidate.