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Having come in at Around £9 and again at £13 and£16 I added a few more at low £21. Whilst Knowledge of FT in foreign markets is not visible to me, I am still seeing us expanding in the UK. At least two smaller public house chains, those that run a local 6-10 pub operation near me, have started selling FT in recent months. I realise that this is not like someone like spoons coming onboard but it is still additional sales. Yes, the UK may be hitting the point where FT is now more likely to be available wherever you go, the overseas possibilities are still endless. So increase in UK SALES TO SLOW, BUT FOREIGN TO RAMP UP. LOOKS A REASONABLE GAMBLE TO ME !
I bought into FT at £8 topped up at £13 and again in the £16's. God I wished I'd sold my large Lloyds Bank holding to get in here. So how far can this go ? It's noticeable that Fevertree products are nor spreading far and wide. Iv noticed even smaller pubs free houses are now stocking FT alongside the more basic cheaper rival products. Fevertree is now on Easyjet flights, and is sold in airport Wetherspoons pubs. Not sure how much UK growth is left, but International sales has plenty of scope - !
Brokers are mixed with some forecast of £10.30 - £10.75 from four to £7.20 to £8.50 from another four ? As we currently sit in the middle of these forecasts . What do we do ....? 19-Jan-17 HSBC Buy 1,060.00 1,060.00 Reiteration 19-Jan-17 Citigroup Buy - 1,030.00 Reiteration 19-Jan-17 Canaccord Genuity Sell 720.00 850.00 Downgrade 19-Jan-17 numis Reduce - 745.00 Reiteration 18-Jan-17 Investec Securities Buy 1,044.00 1,075.00 Reiteration 18-Jan-17 Canaccord Genuity Hold 720.00 720.00 Reiteration 18-Jan-17 Shore Capital Hold - - Reiteration
Well still rising £9.45 today. With the long Xmas and big sporting year in 2016 pubs (especially JDW) had a good time of it. But, with Tim's warning about costs in the trading statement, is this the time to take some profits !
The statement does seem to have been hijacked by Tim as an opportunity to hit out the Remain/ Doom mongers. However, I did find it an interesting read. Fortunately I doubt to many of the pubs regulars will be reading the statement, unless he starts putting it onto a beer mat. !!! Im just glad to see these going back up to the level where I can see a profit on my holding. Wish id averaged down on the post brexit blip.
The 500,000 share buyback, would have cost £4.94 Million from Cash assets and the shares were added to Treasury rather than cancelled. At todays price we made £15000 profit. Another good decision. Buying up chunks of available stock, ensures that demand is hopefully bigger than supply which results in a rising price. Come lets see that £10.
Here's hoping for some good news on Friday. I cannot understand why the SP has been in doldrums last few months. My own high street view sees packed pubs, selling excellent value food and drinks at prices that sink the competition.