Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
'Judge accepts breach of council’s constitution but warehouse scheme can go ahead'
The judgement, announced on Friday (May 24), confirmed a breach of the council’s constitution, which directly impacted CPRE Kent and Natural England, which led to us being unable to speak at the crucial planning meeting where the application was approved. However, despite recognising the clear breach of the constitution, Judge Robinson concluded that it did not result in material prejudice.
I guess it's wait and see what they do about raising the £30M. They may have something to say on this at the agm.
The hectarage planted with vines in the region has increased massively in the past couple of years so I am sure there will be a plentiful supply of grapes in the longer term. I assume that they will purchase in extra grapes (as currently done) and also do contract wine making. This site could be a very significant hub for viticulture in the region.
It is now timetabled for tomorrow afternoon (shorthand writer permitting...) .
Would like to see Chapel Down do well. The company has good products and it's all about building the brand now and expanding their markets/production.
Could be a real success story.
Detailed narrative-
https://adisham-countryside.com/news/chapel-down-winery-highland-court-farm-canterbury-judicial-review
Hi - where are you finding references to the court proceedings please? I can’t seem to find anything.
The planned site is in a recent, draft, Canterbury Council Long Term Plan for use for viticulture and associated businesses, so they are clearly committed to this use for the site.
'2.21 There is a growth in viticulture and wine tourism in the south east and the creation of a viticulture hub at Canterbury Business Park could bring together various aspects of the winemaking process, such as production, research and storage and distribution. '
I cannot see the Court list for this week. Amazing the decision can be delayed due to not having a shorthand writer on the day.
Maybe Tuesday now-
'The result of a judicial review of Canterbury City Council's decision to grant planning permission for a "winery" at Highland Court Farm near Bridge was unexpectedly delayed on Friday, for want of a shorthand writer to transcribe the judge's remarks.' !
This afternoon-
Before HER HONOUR JUDGE ALICE ROBINSON At 02:00 PM COURT 1 AC-2023-LON-003127 The King (on the application of Moakes) v Canterbury City Council.
As far as I can see all as expected. I did wonder if there would be higher 'exceptional expenses' both associated with the move to aim and the planning application, but at £1.2M they were not too bad.
Margins look like they will be tighter this year , we have seen this in some of the pricing and offers - it means the profits are slightly smaller, but the wine I buy is cheaper.....
I think the planning appeal is next month. It will be interesting to hear what their views are on this later today.
Sales at 33% direct to shareholders is probably around the same price as them selling to retailers. And you need to ask, how many of the shareholder purchases would be of CD products if the holders paid retail prices? Certainly noticably lower - so potentially a net gain for CD and shareholders - only losers are the retailers. For me, it is a nice perk and we do drink quality sparling wines - although trying to avoid over priced, over rated French. That along with the four vineyard tours and tasting available to a Platinum shareholder - nice to have along side the Fullers perk too.
It would be interesting to see how many shareholders are still gold rated. Having known other LTH going under the threshold of 2000 shares but still having the 33% perk…
But then, for The company does it really matter?
Lots of folks selling post christmas discount I reckon. Would surely see an uptick from retail as the weather gets warmer and everyone realises they just need to spend £1,200 to save 33% on wine purchases that they can then sell at a later date for similar buy price. Not a bad option tbh - either way Chapel Down win through increase in SP and increase in sales.
A solid company, solid market, in a good position. Undervalued?
Chapel Down currently around 20% up since moving to AIM in December - established company with good products, particularly flagship sparkling wines.
Tempus share tips in The Times today advising readers to buy Chapel Down.
£32m plans for Chapel Down winery in Canterbury face High Court legal challenge
https://www.kentonline.co.uk/canterbury/news/battle-to-block-32m-project-to-create-england-s-sparkling-301116/
Call me a party pooper, but unless you are after the shareholder perks, this one is a walking short.
Bit odd that this is dropping considering the cracking performance. Latest update is good for me too!
Can’t find any news. Was this just a cool off from the AIM listing exuberance?
With the share price at these levels I think we could see a placement at around 55 in the coming months. I think the share price has been pushed up for it and it looks a bit high having said that a bid from the likes of LVMH is a real possibility. Personally I wouldn't want that as I think Chapel Down has a bright future as they are making some fantastic wines and I can only see them only getting better with a greater understanding of the terroir.
I agree.
One of the reasons for perusing the planning was to see who was involved. They don't own the site so I guess an alternative is it could be (in part) a lease arrangement? One of the local aggregate companies has also just got planning for a concrete batching plant there and it is the site of Quinn Estates a local developer, both of whom were reportedly at an on site Canterbury Council meeting with Chapel Down last year....
My only concern is how they are going to fund the new winery. I expect a share placing will happen in the next 6 months, probably the reason for listing on AIM. I think the latest shareholder survey was a fishing exercise to gauge shareholders ideology of investment and will be a baring on how they proceed with regards to financing. I doubt it will be solely done by borrowing.
In addition there was a linked application for warehousing at the site - this seems to be separate from the winery although it is not clear if it will be used by Chapel Down (or is integral to their needs). The application was supported by Defined Wine (and a number of their customers) , a contract winemaker already on the Highland Court site.
There was another block of warehouses in the original plans but they seemed to have been dropped as the application progressed.