big takeover chance, page-6

Let' see, will not be Fosters, no real strategic fit. Will not be CCA short to mid term, still integrating Neverfail and will not be Danone (no scale). So some insights might have to do; most beverage businesses achieve 30% of FY volumes in Q4 Oct-Dec, appx 15% in Dec alone. PSG's business is overweight Victoria and in Q403, Vic had record heat (particularly Dec).

No recommendation, just insight.