Tag: CCL

Done deal and Coca Cola Amatil will disappear as a listed ASX company by the end of the first quarter of 2021 as the odds the $12.75 a share offer for the company, shortened.

Coca-Cola Amatil would be sold to the London-based European arm of Coca-Cola under a $9.3 billion deal that has all the hallmarks of an asset swap inside the global Coke empire.

Like Santos, Coca Cola Amatil has attempted to keep faith with shareholders after a difficult six months by agreeing to a reduced interim dividend. The company will pay a first-half dividend of 9 cents per share, down from 25 cents a year ago.

Coca-Cola Amatil has joined the growing list of companies revealing asset write-downs amid the COVID-19 pandemic and lockdowns which continues to make a mess of its sales performance.

The COVID-19 pandemic hit Coca Cola Amatil hard in major markets in Australia, New Zealand, and the Pacific and Indonesia as retail outlets such as cafes and small supermarkets, cinemas, and theme parks were forced to close by the widespread lockdowns.

Fizzy soda drinks giant Coca-Cola Amatil has revealed planned savings and investment spending cuts totalling just on a quarter of a billion dollars for the rest of 2020.

Coca-Cola Amatil has become the latest company to drop its earnings guidance because of the impact of the coronavirus.

Coca-Cola Amatil is revamping itself by going to a geographic structure for its various beverage businesses that will see a merging of operations in what looks like another cost-cutting exercise.

There’s no way Coca Cola Amatil will make a profit, as it claimed yesterday, from the sale of the troubled fruit and vegetable processor, SPC Ardmona in northern Victoria to local interests.

The write-down of the value of its SPC Ardmona business saw Coca-Cola Amatil’s 2018 net profit slide 37.3% to $279 million.

Ahead of its full-year results later in this week, Coca-Cola Amatil has written down the value of its SPC canned fruit and vegetable operations to zero, reflecting the small sale price it expects to receive if it manages to sell the troubled business.

Throwing investors a bone in the shape of the decision to sell its loss-making SPC business did not help Coca-Cola Amatil one bit at its investor day on Friday.

Shares in Coca-Cola Amatil traded at 2018 highs over $10 yesterday after it revealed reasonable results and said it was getting rid of the loss-making SPC canned fruit and tomato business.

Are things picking up for Coca-Cola Amatil? Looking at the figures it was more of the same, a weak Australian performance, solid contributions from other businesses, and not much in the way of an upturn locally.

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.

Coca-Cola Amatil shares have sunk to levels not seen for two years as the company again provided disappointing news about its sales and financial performance.

Shares in Coca Cola-Amatil fell to a 12 month low yesterday of $8.91 after it was hit by two lots of bad news.

No good news for Coca Cola Amatil shareholders about its struggling market operations at its annual meeting yesterday.

The sell off in Coca-Cola Amatil (CCL) shares slowed on Monday after the 10% plus slump last Friday off the back of yet another profit downgrade. The shares fell 1.5% on Monday, closing at $9.465, taking the loss since Friday morning to 12% after it blamed weak trading at its Australian beverages business for the earnings downgrade.

Excuse me for being a little cynical, but the full year result from Coca-Cola Amatil (CCL) has done just that. Trading revenue (that is from selling its products) rose a mere 1.1% or a mere $57 million over the year (or one million bucks extra a week).

Ginger coke just doesn’t cut it, certainly so far as investors in Coca Cola Amatil (CCL) are concerned?

Investors sooooo spotted the weakness in the interim results from Coca-Cola Amatil (CCL).

Coca-Cola Amatil (CCL) shares drifted lower and then firmed a touch yesterday as investors digested what was a less than effusive update at yesterday’s annual meeting.

Coca-Cola Amatil (CCL) is lifting its dividend after returning to profit growth for the first time in three years in the year to December.

Despite the company’s weak sales and earnings performance over the past 18 months, Coca-Cola Amatil (CCL) chairman David Gonski is seeking re-election to the board of the soft drink bottler at the annual meeting in May.

‘Phew’ said investors yesterday when faded blue chip Coca Cola Amatil (CCL) produced no more surprises in its 2014 profit report.

An unenthusiastic reaction from investors to yet more news of staff cuts and more cost reductions from Coca Cola Amatil (CCL).

There was a cautious market reaction yesterday to the news that The Coca-Cola Company will invest $US500 million ($A570 million) in Coca-Cola Amatil’s (CCL) Indonesia business, in return for a 29.4% equity stake, news that saw the shares rise 4.5% to $9.07.

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.

As expected it was a miserable first half for Coca Cola Amatil (CCL) – an earlier trading update in April and earnings downgrade told us that – but yesterday we heard that there’s more of the same to come.