Analysts believed old economy stock was a good bet

Stockbrokers heralded the C&C flotation

Stockbrokers heralded the C&C flotation. These are a sample of theircomments highlighting the stock to potential investors.

Merrion Stockbrokers

Given current stock market conditions and C&C's medium- term low double-digit EPS growth outlook, we would recommend investment at a price of €2.60. A market cap of €924 million (the lower end of the share price range) offers shareholders an annual return of 13.5 per cent... comfortably ahead of long-term market returns to equity.

Deutsche Bank

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It is rare for investors to be given the opportunity to participate in the IPO of a company with such an outstanding track record. We would urge investors...to acquire shares in an outstanding company at an extremely attractive price.

BCP Stockbrokers

In summary, this IPO offers investors an exposure to a profitable (yet defensive) sector, unlike many of the recent technology/internet IPOs. BCP is confident that the stock is a good buy for the medium term.

Dolmen Butler Briscoe

Should the IPO go ahead as planned, and we expect it will, we see the IPO of C&C as an attractive opportunity for investors to buy into a company that has a good track record, excellent management...and one that operates in a sector that has been relatively insulated from recent market turbulence.

Goodbody Stockbrokers

C&C is an Irish success story which is coming to the market at a time when straightforward old economy businesses are in favour. The current volatile stock market environment could provide an opportunity to purchase C&C shares at a discounted price.