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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Why C&C remains a tasty portfolio tipple

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Our bullish call on Irish brewer C&C (CCR) may be 4.5% underwater, but we’re optimistic a recent share price rebound has further to go.
The premium drinks company behind Bulmers, Tennent’s and Magners issued a positive update (10 Jan) covering the four months to 31 December, with C&C trading in line with expectations.
We originally argued Dublin-headquartered C&C was at a turning point following the acquisition of Matthew Clark and Bibendum out of the ashes of Conviviality. So it was pleasing to learn that operational delivery and customer service at both Matthew Clark and Bibendum were ‘very strong and ahead of plan’ in the four month period and the two businesses delivered ‘an exceptional operating performance over the key Christmas period’.
Across the rest of C&C, positive trading momentum has continued into the second half and CEO Stephen Glancey seems confident about the outlook for the beer, cider, wine and spirits seller.
‘In Scotland and Ireland our combination of leading brands and distribution assets is highly resilient, cash generative and delivering growth. With a strong balance sheet and normalised cash flow conversion of 60-70% of EBITDA we are poised to provide enhanced shareholder returns,’ says Glancey.
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
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