Cabonne

By Intelligent Investor · 25 Jan 2001

By Intelligent Investor ·
25 Jan 2001

Cabonne's performance since listing at $1.00 in June 1999 has been unspectacular, but is the tide turning? Since Issue 58 (Accumulate - $0.74) the shares have risen 9.5%, and recent news raises our hopes further. It's been a busy year – Cabonne acquired the Reynolds Wine Company in September, is currently raising money to expand its Orange winery, and has just announced a significant agreement to supply premium wine to the giant US Trinchero winery. With a record 2001 harvest expected, Cabonne remains an ACCUMULATE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Cabonne

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