I'm looking for a bit of advice from somebody in the Know!
Bought into C@C at 5.65, and am wondering should I bailout now ,lick the wounds or should I stay the course. Is it possible for this company to be taken over and see share price gooing up. Dividend this year worked ou I think at 12C a share after tax.
Englands (& Irelands) failure to qualify for Euro2008 means next summer in the pubs won't be as busy as it might otherwise have been. This is bad news for C&C.
Hey, I feel your pain. I am in similar situation. I don't see the share price going anywhere soon but I think I will file the shares away and check on them this time next year. While it was a terrible summer for magners, C&C sold the same value of cider in the 6 months to end august 2007 then they did in same period 2006. That was even with the worst summer in years. You would think that a semi-average summer next year should see healthy enough top line growth even if they don't get any new customer. Then you have to worry about tighter margins so will it feed into the bottom line? I don't know!
I think the uncertainty over earnings and competition will keep anyone away from buying it in the next 12 months so I wouldn't hold your breath for that.
My advice: keep drinking bulmers and enjoy your dividend cheque (I call it it my bulmers refund cheque)
