C&C PLC the maker of Magners Cider saw 10% wiped off the value of its shares this morning amida serious blow to the integrity of the management at the LSE listed company.
Just last week, analysts were looking at C&C as a star performer as it issued a trading statement showing revenue in its largest market (Ireland) was up 7% for the 4 months to the end of June.
However the latest story from C&C is that overall sales are down 5% for the period.
The 10% drop in price may represent a buying opportunity as the company maintains its guidance that earnings will be at the higher end of the €77m-€82m range………. if you can believe them