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Absolutely, they are expanding the number of vineyards they will be using. Some good sponsorship events in the last year, and an upward trend in English wines, in top quality restaurants will only push sales upwards. Would be good to see their wine in further big name outlets, instead of just Waitrose.
I personally use Hargreaves Lansdown. Not financial advice but I’ve personally been buying hand over fist English wine has such a future ahead of it and Chapel Down are leading the way. With a great macro environment for English wine, a great product, aggressive marketing and planned growth I don’t see what isn’t to love.
I had a visit to Chapeldown two weeks ago, and I can say I was impressed with the setup, product and their vision for the company. I currently have only bought shares via my Lloyds sharedealing account... problem is it doesnt support buying on Aquis market.
Any recommendations for a broker ? Chapel Down looks a good long term bet. Shame I didnt visit at the end of June, when it was sub 30p.
£100 per 1pence rise on 10k shares is right. You did very well getting in at 25 pence. Onwards and upwards hopefully.
Don't have a very large holding but you make circa £100 per 1p increase = 10k shares right?
Kinda gutted I didn't buy more when I bought at 25p. Happy with it and have definitely been spending the "profits" on wine from them.
The buying has continued.
I don't have a very large holding but now well back in the blue and every time it goes up by a penny it covers the cost of another case of wine. Result!.
There is an article in The Times today citing various vineyards saying, that due to favourable weather, it looks like this year should be a bumper harvest.
I thought that these looked quite promising. They curtailed still wine sales last year because of the poor 2021 harvest and they have only just started to sell the 2022 vintage for the still wines so there should be scope for plenty of growth in this segment.
Whilst some of the share purchasers of late look like RI's (2000 blocks to qualify for the discounts) the steady buying this week looks like there may be broader interest.
They really do need to provide some clarity around funding for the new winery though as I believe this is main drag on the share price.
Not been shared with shareholders
How will it be funded
They have got permission for their new winery, now we await how it will be funded and what happens to he existing facilities that they have just expanded! I believe that Quinn's may be involved so expect it to all come with the addition of a bit of housing....
From KM-
'Plans for a huge new winery in the Kent countryside have narrowly been given the go-ahead in a controversial decision.
Councillors said there were “exceptional” reasons for granting the bid by Chapel Down for an area of outstanding natural beauty (AONB) near Canterbury.
The £32 million project will see the UK’s biggest English sparkling wine producer relocate its production facilities from Tenterden to farmland at Canterbury Business Park, off the A2 near Bridge.
The city council’s planning committee approve the scheme at a meeting yesterday evening, despite objections from countryside campaigners and watchdogs.
The pros and cons of the application at Highland Court Farm, submitted by business park bosses, divided councillors - with permission eventually being granted seven votes to five after a near hour-long debate.
The proposal is for a 120m x 100m, 42ft high production building for Chapel Down and two further smaller storage warehouses, including one for bespoke wine producer Defined Wine, which already operates from the site.
Chapel Down chief executive Andrew Carter told councillors the company was on a mission “to change the way the world thinks about English wines forever”.
Indeed, and they seem to be well incentivised to make the share price grow. The new CFO’s options don’t even start until 48p and those won’t even be spicy until we’ll above £1 per share.
The new management team really do seem to have turned this around with a very clear focus on the core business.
The results for the full year look good and the team have a good grip on the finances.
I still think that it will need more clarity about the new winery (and its funding) before the shares really take off (planning meetings scheduled over the next couple of months) but even so I can see the potential for an upward trajectory from here.
I am also lookin forward to trying the 2022 vintage wines when they are released as they could be exceptionally good!
Plenty on show at the boat race today
Revenues look OK on the back of what was a poor harvest in 2021. It would have been nice to have some idea of how this is reflected in profit/loss.
Coupled with last years bumper harvest, which should also yield some very high quality wines, the new management team is inspiring a bit more confidence about the future of the business.
Once there is more clarity about the setup and funding of the new £20m winery this could return to its former highs.
Glad to see it's moving back up.
Lots of selling recently! Such a shame!
Based on my buy down as a sell, there's a lot of folks buying in to get that "gold" status.
I personally was really impressed with the product and the fact wine experts have been claiming kent is the new champagne, this is a fantastic long term opportunity.
Looking to possibly buy in here but can anyone tell me how to justify a market cap of nearly £90m?
Chapel Down still raising through Seedrs and have to date raised-
£6,421,508 from 3,700 investors
Piece in the FT yesterday. They mention that CDG are planning a fundraising (£7mill) plus credit facility (£15mill) against wine stock.
Existing share holders will invest £1.5mill and the remaining £5.5 mill is planned to be raised be crowd funding.
not sure to make of this. No details on dilution for existing shareholders but presumably they will be some?
I have been told that vines in the South East of England have not experienced frost issues on the same level as France. This comes from two vineyards.
Does anyone know if Chapel Down have experienced frost damage like in France? If not, would this push demand up this Summer?
I hope this doesn't mean Curious Brew and Curious IPA beers will change or disappear. They are really tasty.
My own beer concerns aside, it Seems like a good idea to ffocus on the core of the business. Removing almost all CDG's debt in the process puts it in a good position to focus on growing the wine side of things.
Obviously not an active board right now but following today's announcement of the disposal of Curious Drinks there may well be a few hundred new shareholders who are getting Chapel Down shares in exchange/compensation for their stake in Curious. I've never heard of the Aquis exchange - anything we should know?
You get a hefty discount at the winery if you own 2k shares.