Hello,
Anybody got any views on DCG? I bought into this some time ago and whilst it has done a job for me, I'm increasingly feeling like the recent rally is an opportunity to bank the gains and move on. My main fears are the net debt, div cover of just 1.04x, a ROCE which may have peaked, the possibility that the mineral whey product may always just be a jam tomorrow product. Finally, the most recent volume declines along with milk price inflation all weigh on my mind especially when I go into a supermarket and often think who buys into a brand in cheese when there are so many own brands out there?
Conversely, I am torn by the desire I have to let winners run and give the company the benefit of the doubt for six months.
Any thoughts gratefully received.

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