I see a double bottom at $7.5 , if the current level of dividend is not maintained ,sub $7 will depend on the speed of the new products and relaunch of fruze and kerri products etc.
Melbourne bayside suburbs hard pressed to find the the new products on the shelfs and where is Fruze tea? like where is Wally series? All I see is Lipton on the shelfs in the Fast Food stores.
Company needs to re-find the killer instinct or as you said it will be sub $7.
Cheers
CCL Price at posting:
$8.64 Sentiment: Hold Disclosure: Held