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Although this Q1 was hardly surprising, the confirmation of the guidance brings warmth to the heart, especially with the confirmation of a sharp rebound in the US from Q3. The positive US value depletions in June and China back on track reinforce our belief that the FY guidance is attainable.
Companies: Remy Cointreau (RCO:EPA)Remy Cointreau SA (RCO:PAR)
Despite the new impressive results, it is the outlook for the US market that dominates the scene, reflected by a decrease of approximately -5.0% in the stock variation. The first-quarter revenue is expected to decline by 30% to 40%. Consumers are not hesitating to switch to less premium products, as Tequila continues to encroach upon the market share of cognac.
In the face of normalization and a slowdown in consumption in the United States, Cognac experienced lower-than-anticipated trading during Q4 23. The market’s overreaction is attributed to the FY 24 outlook.
The Q3 numbers were better than expected but the US is once again worrying. Last year’s exceptional levels justify a slowdown, but how far down do we really need to go before we become concerned?
It seems that, when one’s valuation is at a premium to peers, the slightest slip-up can be very costly. The market sanctions cautious statements that surprise no one but themselves.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Remy Cointreau.
We currently have 35 research reports from 3
Companies: Anpario plc
The earliest dated brand has long been contested; the majority point to Kongō Gumi, a family run construction company that specialised in Buddhist temples in Japan; its documented record of ownership goes back to 578 AD. Like Kongō Gumi, several different brands have withstood the test of time, albeit without then same degree of longevity. The term brand originates from the 1500s and means "to burn" in Ancient Norse and was initially used to mark cattle for ownership. This practice can be consid
Companies: DISP GAW SOS HOTC COOK SVEN
Companies: OHT ELCO SMS HVO FRP
Companies: Hilton Food Group plc
Companies: Celadon Pharmaceuticals PLC
26th June 2023
Status of this Note and Disclaimer
This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti
Companies: DWHT SAR ORCP CBOX ZPHR CPP SYS CREO RRRP3
20th September 2023
Status of this Note and Disclaimer
This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob
Companies: TXG TGIF TXG IQG ASTO TND TAVI WSBN UFO LBG
Companies: Cake Box Holdings Plc
Companies: Genus plc
Chapel Down share price in recent weeks has retreated to a 22% discount to our adj. NAV of 38p. This is overdone and offers an attractive entry point on deep value and structural growth considerations. Recent Nielsen off-trade data for English sparkling wine remains highly positive, with April numbers in particular stellar (boosted by the King’s coronation). The growing season is anticipated to have got off to a good start as has the brand relaunch over Q2. While we make no forecast changes, our
Companies: Chapel Down Group plc
Singer Capital Markets
Chapel Down has released an excellent H1 update, reinforcing the structural attractions of English wine and another period of good execution by the new team. We cite the strong 21% revenue growth, further market share gains, good operational progress and prospects of a strong harvest this year as key highlights. Our confidence in the NAV being an underpinning to the investment case is reinforced by leading brand data. We make no forecast changes but see good scope to upgrade at the Sept interims
Dish of the day
Unicorn Mineral Resources (UMR) has joined the Standard Segment of the Main Market. Unicorn Mineral Resources plc is an Irish exploration company, incorporated on 25 March 2010. Unicorn’s focus is to explore for zinc in Ireland, and the Company has been working on several license blocks since 2010. It has targeted the highly prospective Limerick Basin. Unicorn raised £930k at 10 pence per share.
Leavers: No leavers today.
What’s cooking in the IPO kitchen?**
Companies: NWT CLCO GUS FRAN HDD ECR PPH MFX
AIM showed no signs of a summer slowdown with three strong months with regards to total funds raised (new and further issues). June, July and August averaged over £700m per month, boosted by a particularly strong June which delivered 14 IPOs (historically AIM has 5-6 new joiners per month). Through the end of August 2018, the total amount raised (new and further issues) of £4.80bn is +15% on the same period in 2017 which itself was the best year since 2007.
Companies: TGL TIG AQX LETS INX TGP RAI CBOX ANX MIND BLOE KGH TWD LOOP DEC OVB YCA SAE