Monday 9 July 2012

CEDC rallies

Following on from a recent post (http://jfcapitaluk.blogspot.co.uk/2012/07/active-trading-resumes-silver-cedc.html#more) we have seen some very interesting developments within a short period of time today:

9:54 AM Central European Distribution (CEDC +0.9%) announces that it signed a strategic agreement with Russian firm Standard Corp. and that its CEO has stepped down to be replaced on an interim basis by one of its board members. Shares of CEDC are currently under a trading halt.
(seekingalpha.com/currents/post/405441)

12:11 PM Shares of Central European Distribution (CEDC) come off their trading halt to rack up a cool 28.6% gain off of news of a new distribution agreement in Russia. Extra funds kicked in by Russian Standard as part of the deal will allow the company to retire debt. (http://seekingalpha.com/currents/on-the-move)

Having bought stock in this company at 3c we will be staying long for the foreseeable future, confident in the decision especially after this positive news.
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