Q: Hi,
Total return, long term investor with a diversified portfolio. If you had new money to add to a portfolio, would you consider CCL.B and T decent prospects, especially on weakness in the last year or so (these are small holdings in my portfolio)?
Thanks, Michael
Total return, long term investor with a diversified portfolio. If you had new money to add to a portfolio, would you consider CCL.B and T decent prospects, especially on weakness in the last year or so (these are small holdings in my portfolio)?
Thanks, Michael
5i Research Answer:
We would be fine adding either, with a long term view. T has been weak, and has some issues to deal with, but much of the decline is most likely due to rates and not company-specific issues. CCL.B we think has better growth potential, and is priced well. Inflation has hurt it, but pressure there should abate in 2024.