Distell | Plot and plan
Distell released H1'18 results for the period ending Dec'17. The results showed the group's resilience during a tough economic environment and increased competition. Management's objective is to focus on its “power brandsâ€, which, apart from the cider portfolio, are in the mainstream segment. The group's recent disposal of some LUSAN farms and Bisquit is consistent with this strategy and we believe that the plotting and planning has started evolving into action. The stock is attractively priced for a business that is building a runway for volume growth.Distell Group is an investment holding company. Co. is also a producer and marketer of wines, spirits and flavoured alcoholic beverages. Co. has operations in South Africa, Namibia, Swaziland, Kenya, Tanzania, Angola, Mozambique, Ghana, Nigeria, Uganda, Zimbabwe, Botswana, France, Germany, the U.K., the U.S., Brazil and Singapore.
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