I seem to recall that Rishi Sunak treats himself once a week to a Coca-Cola drink. He is clearly more radical than me, as I probably have a Coca-Cola about once a month and, given a choice, I actually prefer Dr Pepper. Maybe that makes me more radical, after all what is the worst that could happen? Anyhow, I see that Coca-Cola HBC (CCH) has come out with another very solid set of numbers.
Have you enjoyed the first week of July? From an investment perspective it has been a little volatile, but we have all seen it before (and frankly a lot worse). No doubt the “sell in May and go away” fraternity are feeling very excited (even if the average global large cap investor had a pretty good June and, overall, first half of 2023 period). Clearly one dodgy 2023 performer is the UK housing market.
There were three countries that caused me transitory challenges during my years as an institutional investor. As I told “senior management” types about political issues in both Mali and Italy, you have to be greedy when others are fearful. I admit that even I was cacking it a bit, but it worked out rather well. However, when the compliance officer asked if I was sure I could hold a Greek stock in the fund, I wondered if I had made a bit of an error. Fortunately, being a member of the European Union has at least one advantage.
It’s been three months since I covered Coca-Cola Hellenic Bottling Corporation (CCH), the Greek-International bottling company with a monopoly on selling Coke in Eastern Europe, the Eastern Med, Russia and Nigeria.
Coca-Cola Hellenic Bottling Corporation (CCH) is one of the least-watched FTSE-100 components going (despite the valiant efforts of Chris Bailey on this website). But if it is anything like its parent, it is the sort of stock which long-term retirement portfolios are made of. Yesterday’s trading update gives us no reason to doubt that this is one to keep on the watchlist.
I don’t know who uttered the phrase ‘you cannot eat relative performance’ first but it strikes me as a very relevant statement to describe my first two tips of the year. But I had a big winner. Thank you Greece!
Greece may only be a handful of percent of Coca-Cola Hellenic Bottling’s (CCH) sales and profits but the malaise from the Eurozone’s most indebted member has overhung the share with its Greek heritage and shareholder base.
Forget austerity, economic malaise, grinding political angst and the magnitude of Greece’s debt the most important influence on the Greek-tinged but London listed Coca-Cola Hellenic (CCH)'s solid trading update today was… strong Coke Zero sales.
How many share tickers can you remember? Of the hundreds that are floating around my head one of my favourites used to be ‘EEEK’ which stood for the eastern / central European focused soft drinks beverage producer/distributor Coca-Cola Hellenic Bottling on the Greek stock market. I have to say ‘used to be’ because in a rare display of austerity the ticker today is a truncated ‘EEE’ which is much less memorable.
