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Has C&C a future?

  • 08-06-2021 10:05am
    #1
    mrskinner
    Registered Users, Registered Users 2 Posts: 400 ✭✭


    Is this a looming take-over prospect?


Comments

  • #2
    garrettod
    Registered Users, Registered Users 2 Posts: 2,456 ✭✭✭garrettod


    It seems an obvious business to be taken over and asset striped, at some stage - but that doesn't necessarily mean that it's current shareholders will make a fortune when it is bought out.

    I'd guess that one of the international brands will buy it - primarily for the cider and beer brands, but I can't see them having much interest in the distribution business, so that may be spun off.

    I must admit, if I were a shareholder, I'd be fairly annoyed with the way the business has been allowed to go, over the last decade or more - no sign of any real ambition, and a serious concentration risk by Relying so heavily on a drink that will icky do well during a good summer in Ireland and the UK.

    Thanks,

    G.



  • #3
    mrskinner
    Registered Users, Registered Users 2 Posts: 400 ✭✭mrskinner


    In the rights issue now ongoing, C&C insist on sterling drafts if any investor living in Ireland wants to take up extra shares. Well done C&C for turning your back on your roots.


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