Coca-Cola Amatil Shares Sink To Decade Low

In contrast to the the almost ‘kind’ treatment meted out to Primary Health Care shares yesterday (see separate story) after its confirmation of downward pressure from high costs on 2017-18 earnings by the market, shares in Coca Cola Amatil fell to a near decade low yesterday after it revealed to an investor day function on Wednesday that 2017 and 2018 will see profits also under pressure from a series of higher costs.

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Coke Goes Flat

The board and management of Coca Cola Amatil might have trekked to Atlanta last week for meetings with the board of the major shareholder, The Coca Cola Company about Indonesia and other issues. They may as well have stayed at home and saved the money judging by the surprisingly poor third quarter result produced by the US company overnight Tuesday.

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