From memory the coke us bought 30 per cent for 500 million in capital spend. Schedule of roll out delayed due poor performance of indonesian market.
I still like ccl, produces a lot of cash with a high payout ratio. Coke is outperforming schweppes in US gaining market share but both volumes are down particularly for diet variants. There is a perception that artificial sweeteners have negative health inplications. Not proven but hey cant alter that perception. Fruit based drinks much worse for you due to massive sugar content.
I am a bit sceptical about companies growth predictions but with a potential economic tsunami on the horizon high dividend defensive companies like this may be a good place to hide.
CCL Price at posting:
$8.31 Sentiment: Buy Disclosure: Held
