The profit guidance of $312-$325 mill is the exact same as the Half Year Update of August. On that front its a 'reiterate'
None of this matters of course if the intention is to hold long-term, and the market reacted well to the news which is :
1) the end of negative surprises 2) the prospect of imminent return to the improving trend of the past 5 years 3) the ramping up of the alcoholic business
Howevr the PE of 16-17 will start to look a bit top heavy unless they quickly restore the $70-80 mill of margin erosion due to commodity costs.
CCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held