Tag: CCL

Investors seem to have heeded the message of tough love and critcisim delivered at this week’s Coca Cola Amatil AGM in Sydney, especially by the company’s new CEO, Alison Watkins.

Terry Davis, the long time CEO of Coca-Cola Amatil (CCL), has only been gone 10 weeks or so, but it is clear his replacement Alison Watkins is keen to make some significant changes – including improving the relationship between the company and its major shareholder and supplier, The Coca-Cola Company of Atlanta.

Coca Cola Amatil (CCL) has gotten one bit of nasty news out of the way – the long anticipated revamp of its Australian beverages unit – the sales and profit heart of the company, containing the key portfolio of fizzy drinks, which are the company’s reason for being.

Shares in Coca Cola Amatil (CCL) yesterday staged a mini-recovery, despite ratings agency Standard and Poor’s downgrading the company’s credit rating in the wake of last week’s downgrade of 2014 earnings.

More pressure on shares in Coca Cola Amatil (CCL) in yesterday’s widespread sell-off – although the losses were not as horrendous as seen last Friday in the wake of the surprise profit warning and restructuring announcement.

Poor weather in Australia, weaker returns from the previously strongly performing Indonesian soft drinks operation, adverse currency movements and increased competition saw Coca Cola Amatil (CCL) post what can only be described as a poor set of figures for the year to December 31, continuing what was a weak first half.

Does history repeat itself? Just ask Coca Cola Amatil (CCL). For the second time since August the company has revealed an earnings guidance downgrade, and yet investors haven’t really sold off the shares, despite another fall in the wake of the latest cut.

The market gave Coca Cola Amatil shares a real mauling yesterday after the country’s dominant soft drink producer and marketer warned shareholders that first half earnings would be lower, thanks to intense price discounting and the impact of the stronger dollar.

Investors had a couple of thoughts about yesterday’s trading update from the usually reliable Coca-Cola Amatil.

Coca-Cola Amatil Ltd shares rose yesterday after the company delivered on its lowered guidance for the year to December, and indicated that it had made a solid start to 2011.

Coca-Cola Amatil shares were on the nose yesterday in the upbeat trading conditions, despite the drinks giant reporting a 16.4% improvement in profit for the year to last December.

Coca-Cola and beer continue to go well together for shareholders in Coca Cola Amatil, as does fruit, vegetables and its reduced international operations.

With the burden of its South Korean adventure soon to be behind it, the market has re-marked the shares in Coca Cola Amatil, boosting them by more than three per cent yesterday.

Despite all the hoopla over Coca Cola Amatil’s plunge deeper into alcohol, the most important news for shareholders was that earnings for the first half to June and the full 2007 financial year, are expected to grow modestly but consistently.

The comfortable world that’s the Australian beer market with Fosters and Lion Nathan controlling around 95 per cent and sharing things out between them, controlling all the bulk beer and picking off share in the faster moving, higher margined premium end to the market, is about to change if Coca Cola Amatil has its way.

Have we seen an example of sell on the fact before the facts are revealed in the performance of Coca Cola Amatil shares yesterday?