On current operation I would tend to agree could go a bit lower.
The review will be the key. Personally I think CCL a bit under represented in the juice market, and thought they would have hit that market with a vengeance when the ACC knocked them back on Berri and gave it to the Japanese. Big juice focus could be a pickup for SPC.
who would be able to provide more inseason specialty juices. Not overly sure on the Brewery direction would like to see CCL take on the two foreigners. But think Westfarmers and WOW the key there not even coke seem to be able to take them on.
Also CCL getting a lot of poor PR by continuing there stand against container deposit legislation. While their argument may have some (paid for) research support it makes little difference to the competitive advantage when all producers are picked up by the legislation. The only disadvantage I see is to importers.
CCL Price at posting:
$9.25 Sentiment: Hold Disclosure: Held
