Ann: Half Year Accounts, page-2

Snuck that one in. This company is stuck.
All the eggs in the Pandora basket is not the correct strategy, IMO. There is a lot this company could be doing in terms of novel entries in new-term assets, unique financing etc that a lot of the peer group have undertaken in order to better manage their unfolding situation e.g. NSE, CTP. Cott so far has failed to make the next step, and time gas really passed.

Cott has been a sleeper for a long time now, and showing no sign of coming out. Very hard to bathe in the glow of the theoretical upside, for ever. Only so much benefit from "management is doing all they can" type arguments, "Pandora is so awesome" for so long. These guys are up for circa $23m to IES if they crack a deal, so their 40% in this market is more like 10-15% share in Pandora. Suddenly that doesn't look so good.

The argument "be patient and hold" is also starting to wear thin, as in how long? 5-10 years?

OK, so I whinge, sell or do something. On the latter - interesting to ponder what would be involved with trying to roll the current guys off and shake Cott awake from its slumber. There is a lot that could be done with this company at present. I suppose management have a stranglehold on the lion's share of the stock. An all cash offer of 15c/sh would be circa $10m? I wonder how many punters would part with their stock for that much - and if 50% could be breached, get a few other people on the board and do something.