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From: | "nick" <acummin@es.co.nz> |
Date: | Fri, 1 Sep 2000 05:50:21 +1200 |
Have to admit to being a true believer at this point so may be a little
biased.
I suspect the roller
coaster share price has nothing whatsoever to do with anything
the company may or may not have done. Just
normal fluctuation for the nz market.
Probably there were
quite a few who bought for thre short term, ie to see how high
it would go at result time, these people bailing
out probably caused the dips.
The management are what gives me the real confidence about this
company,
they have been spectacularly succesful so far
and seem to have the winning habit.
The chairman Mark Cowsill was on telstra buisness
recently and looked confident
and had the manner of someone who would
deliver.
As for V
it is slightly ahead of projections in uk. They also have a rapidly
growing sports
drink called g-force which is taking the sportr
drink sector by storm. My fav though is
the flavoured milk drink - Wave - cant get enough
of the stuff..
Remember that the shhares were originally going to list at around 2.20, but
a
weak stockmarket at the time led them to lower to
1.50. Therefore all those who sent
in checks for the float were happy to pay 2.20
which is where the stock is now.
I
think at the current level the stock is a potential bargain. Either way im
happy
i bought a bundle at 1.45 .
Here
is an extract from the result regarding outlook.
OUTLOOK_
In the Prospectus it was forecasted that in the year to June 2001 profit would increase to $20.4 m - a 50% increase over the adjusted net surplus earned in the 2000 fiscal year._ Given the economic conditions remain as forecast the directors remain comfortable with those projections._ Frucor's traditional core businesses remain sound. The increase in profitability is anticipated to come primarily from:_ - New Age Beverages_ Continuing revenue growth of "V" from the newly entered markets in Australia, the UK and Ireland (with Ireland being EBITDA neutral in the FY01) as well as from N.Z._ Growth from g-force and other new product development_ _ - Other Beverages_ strong growth is also expected in this category in NZ, particularly as the benefits are gained from the Pepsi and H2GO bottled water brands for a full year._ _ - Fruit Juice and Drinks_ growth will be stimulated by a re-focus on new product development for juice products_ two new initiatives for spring based around functionality_ _ Frucor Beverages Group Limited is a rapidly growing cold beverage company manufacturing, marketing and distributing New Age Beverages ("V" Energy Drink, G-Force Sports Drink), Fruit Juices and Drinks (including Fresh-Up and Just Juice) and Other Beverages (including Pepsi Soft Drinks, bottled water and Wave flavoured milk) primarily in N.Z. but now increasingly off-shore - Australia, UK, Ireland and South Africa. It was recently listed on both the NZSE and ASX._ _
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