Fevertree - the gift that keeps on giving

Tuesday, 24th July 2018 09:38 - by Rajan Dhall

Once again Fevertree performed well in its latest interim results for the period ended 30 June 2018. The Co. recorded revenue up 45% to £104.2m vs H1 2017 £71.9m and an interim dividend of 4.22 pence per share up 40%. What Fevertree has achieved is no small feat, many have tried and failed in the drinks business. It is an oversaturated market and the consumer needs to be open-minded for it to succeed. It seemed the stars aligned for this Co. as the Gin boom provided the perfect wave to ride in one of the most difficult markets.

One of the key comments from the statement was ''Given the strong performance in the first half of the year, the Board anticipates that the outcome for the full year will be comfortably ahead of its expectations''. This could be enough to send the stock higher once again. As you can see from the daily chart below the share price has had a minor retracement, but it is clear to see we are still in a firm bull trend are waves continue to make higher lows and higher highs. 

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.