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Mm's hardly helping with a spread over 44%. Other than that I see this as a good time to buy.
Gla.
C.
Jesus lad. The stocks just dropped 50% due to poor earnings and a major customer delisting their gin , yet you think long term it will 8 bag from here to all time highs. Optimism n all that
The price will soon be back to where it was before the open, as the MCap was already based on a fire sale basis, so the drop just made it even more stupidly undervalued. Mid year above 1p, long term like me and it'll be back to the 4p plus mark.
No worries!!
There is never 'a good time' to change distributor, but DIS NEEDED to do it as soon as they could, in their far more knowledgeable position.
It is what it is, but everything I've stated is correct, there is no polishing of anything in my post.
Was keeping this one on watchlist. However cash is now very low with less products for sale with gin taken off. With too many companies going down the pan on AIM, I think this might be one to avoid. Again Red Leg quality Rum product but not the only one and so many companies have the own range of Spiced Rums.
I think Distil should of tried more harder to sell its brands and concentrate on innovations to bring to the market. Good luck if recovers but odds not looking good now
Haggis - talk about polishing a turd. Who changes distributor just before the peak season? Surely Jan/Feb would be the best time.
There is a very low cash position now so marketing spend will be limited and it is now critical that these new distribution channels pick up asap.
I wish i could share your optimism!
Nothing new in this RNs except the delisting (which is more than replaced by new listings in Scandinavia and South America), and decision not to invest more in the Argowan project. The revenue drop was expected and the forecast already announced when they changed distributor. We cannot drop having a distributor, as distribution is a massive task the DIS does not have the time, staff, money, or inclination to set up. The plan was always known to have a downside before a big swing to the upside, so this is no shock at all, and the MM markdown is just a knee jerk reaction from them rather that a sell off. This is a de-stocking RNS. The next trading update after the full year results is the one to watch, as re-stocking will push the numbers right back up.
Way to shoot yourself in the foot with the change of distributor. Good to see more export markets though.
Maybe Roland or someone else will come in with an offer for RedLeg and Blavod... I wonder if he was behind the 'new strategy'.
Perhaps we should be thinking of producing Tequila at Ardgowan instead of Gin.. It's a pity because Blackwoods is a really good Gin but then Gordon's is half-decent and that's the default.
Got this wrong..
This will recover The rum is flying off the shelf st Morrisons and each month the Scottish venture moves on... I just keep holding. I might even add shortly
Oooooops! :-D
I saw that and though "wow, the re can't be a lot of stock around if that happens on just one 500k buy"
Careful, you bumped the price up by over 5%
Would be nice to have some proper news on our Ardgowan investment.
Another 500,000 for me. The drop here was all wrong and should easily get reversed with the trading updates showing that sales have not been affected by the change of distribution.
"This new business model has led to an associated reduction of stock in trade with little or no 'pipeline' replenishment into the UK distributor for almost four months as we worked through a contractual notice period and existing warehouse inventories were depleted. This has caused a sizeably negative hit to sales out from Distil, however there has been no real effect on actual consumer sales."
Red Leg seems to be selling quite well at my Morrisons. 14.99 a bottle....
All drinks now on Marussia UK webpage.
https://marussiabeverages.co.uk/our-brands/
Two interesting buys today. I am hoping the Xmas period will see a improvement in fortunes. The Scottish project to
is exciting.
Took a live 0.6288 offer .
Bought again at 9.32am this morning, limit order not lifting at 0.63p reduced from Fridays 0.64p .
Slightly more shares then this day last month previous buy @ 0.799p as using up all available ISA cash .
Approx 20% cheaper .
Well done. It all helps....
Last Tuesday my local Tesco had sold out of both Ginger/vanilla and the pineapple rum waiting delivery, today restocked, bought a pineapple rum ready for Xmas if it lasts till then!
You are probably quite right. News is hardly and everyday event here. Having lost half its value since August the Xmas figures need to be outstanding. Live in hope.
for me the TV ad campaign timing was poor, whilst we were moving to a new distributor.
So increase marketing spend whilst revenues are significantly down.
Has everything settled down for the big xmas season? Who knows, although outlook in last RNS seemed ok.
Cash is less than £1m now with no doubt some of this already earmarked for advertising as the £500k campaign is not all included in the H1 numbers. So any extra investment in Distillery will not be coming out of the company and little point placing at these prices.
A new whisky was earmarked for Q4 2022 - no news so clearly this has been delayed.
I think if there was any forthcoming news it would have been included in the H1 numbers a few weeks ago. Maybe we will need to wait until Jan for xmas trading news
I bought them this morning but showing red!
Price drops on sale of £100 worth of shares....
Really !!!!!
This is in desperate need of some good news. Just suffering a drip drip of sells. Interims were un exciting too.
A sell at 67.23p @ 2.45pm , the spread above shows as over 14% .
Not many trades , but mine not shown .