RyanAir – what is its real cash position as it still shits on customers from on high while snaffling taxpayer funds?
A “Response to the Stock Spirits (STCK) notice of General Meeting and hostility towards special dividend AGM resolution” from 10% shareholder Western Gate Private Investments. Ooh – sounds interesting…
Heading back into the drinks business, this morning saw interim results from Central and Eastern European spirits producer Stock Spirits (STCK). This can be interpreted as another recent “busted IPO”, with the share price halving since its 2013 flotation.
In the case of Stock Spirit (STCK) it can be seen how would be buyers of the shares are looking at a situation which has just come off its lows of the year. This was via an August bear trap rebound from below the former May support at a share price of 176p.
Do the Poles drink vodka? I learnt today listening to the results call of Stock Spirits (STCK) that apparently the drink made from the distillation of fermented cereal grains or potatoes accounts for 90% of the Polish spirits market. Surely good news then for the mid cap producer and distributor of vodka brands such as the catchily named Zoladkowa, 1906 and (inevitably) Stock Prestige who is generally regarded as having Poland’s largest market share in the area.
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