Bitcoin

Ronan lynch bitcoin

Forget Bitcoin bubble – will Fevertree go pop? Read this: Forget Bitcoin bubble – ronan lynch bitcoin Fevertree go pop? A carbonated drinks manufacturer is always in bubble territory.

But after a 1,450 percent share price rise since a late-2014 market debut, arguably none is looking as frothy as upmarket tonic water and mixers maker Fevertree Drinks. Its shares have started to deflate, but only against a backdrop of general angst over asset valuations, with global equities and bonds at or close to record peaks and cryptocurrency Bitcoin up almost 20-fold this year alone. A move by Schweppes to compete in the premium drinks segment is behind some of the recent weakness, but fund managers do not expect this to have any sizeable impact on Fevertree’s growth. Nor do they see any let-up in what has become the Fevertree standard – beating analysts’ earnings forecasts. Richard Watts, who runs the 3.

Old Mutual UK Mid Cap Fund and is the biggest institutional shareholder of Fevertree, topped up his holdings in the company in the last 4-5 weeks. We think there are significant amounts of upside left in the shares,” he said. Britain is Fevertree’s largest market. RBC Capital Markets put its contribution to the company’s organic revenue growth at more than 50 percent since 2015, accelerating to more than 60 percent since the second half of 2016. This performance, helped by a premium gin boom, shows no sign of abating. UK sales increased more than 100 percent in the first half of 2017 – and against a robust prior year level. Watts said the international business is growing at a very healthy clip, too.

Fevertree is beefing up its overseas presence. It recently opened a U. CEO for its business there. The brand name Fever-Tree is the colloquial name for the cinchona tree, the bark of which produces quinine – a key ingredient in tonic water.

Related posts