so when you beat broker forecast you get rated as underperform?
ccl is a defensive, staple business, never going to shoot the lights out (in terms of rev growth).
management is on target to achieve guidance, which was no decline in EPS and aim for 5% EPS growth in FY16.
volume is good, price is cut which was also expected- CCL has raised prices too high above competitors in the past (~40%+) which is not sustainable.
CCL Price at posting:
$8.60 Sentiment: Hold Disclosure: Held