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Started: LongPositions, 8 Feb 2024 10:19
Last post: LongPositions, 8 Feb 2024 10:19
Tempus share tips in The Times today advising readers to buy Chapel Down.
Started: Monkshood, 9 Nov 2023 07:59
Last post: TillyWolves, 2 Dec 2023 13:02
Plus circa 10 million new shares... now who would have predicted that one.
Move to AIM confirmed for the 7th December.
I didnt want to suggest it, ut listening to their presentation a month ago, I had the feeling that the company may use the switch to Aim to fund growth, via a placing.
I'm hopefully that they don't use the AIM market for a raise/placing. There is enough equity in their wine/land that debt should be able to be raised from the back of those elements.
Well an even better harvest than I was expecting, 86% is a massive increase.
The move to AIM is welcome, I thought they may use this for an equity placing for the new winery, but they are not. I am not convinced hat they will be able to fund the £30M development from an rcf though. I think this ill be used as an interim measure with the expectation of a placing at a higher share price once they have achieved a higher share price on AIM.
Started: Spoony82, 3 Oct 2023 13:05
Last post: Mkx007, 5 Oct 2023 13:30
Market doing what the market does best
This stock has seriously sold off since a good H1 report. Did I miss something???
Started: Monkshood, 27 Sep 2023 07:45
Last post: Spoony82, 28 Sep 2023 13:21
They have said that an AIM listing is being looked at but they can’t really comment on it for regulatory reasons. Reading between the lines that’s definitely on the horizon and I expect sooner rather than later. I noticed these H1 results got a bit more mainstream press than usual.
Yes, that question was sidestepped.Did you also pick up on a move to the AIM market ?
In line with the trading update. All in it looks very positive.
Looking forward-
'The outlook for 2023 harvest is very positive due to excellent growing conditions. No damage from frost was incurred, and the weather during the key period of flowering was favourable. We have recently begun harvesting and expect the 2023 vintage to be of an exceptional quality and with a record-breaking volume and yield. We expect it to be materially larger than last year’s excellent harvest (2022: 2,050 tonnes) as well as our previous record year of 2018 (2018: 2,173 tonnes). This will provide a platform for increased stocks of traditional method sparkling wine to deliver our 2026 business ambition. We will provide a full update when the harvest is complete.'
They just need to provide more clarity about funding for the new winery at Highland Court for another step up.
Last post: Spoony82, 27 Sep 2023 08:32
All very positive! Onwards and upwards for the English wine revolution!
Started: Spoony82, 13 Sep 2023 10:15
Last post: TillyWolves, 14 Sep 2023 09:29
I meant £117k of stock
For a low trading stock, 20k of shares would have sat there a while until it had been fulfilled. I would need to look at it via L2, but dont have that anymore. Still, good time to top up. Im guessing someone was taking a profit.
A delayed trade, so actually it looks to have been a £117k sale that they were working through. Considering the usual volumes the price held up fairly well.
Still does not answer the why now question.
Also to keep it in perspective you are only looking at £20k of selling
I've no idea. Trading update which covers this period was good, recent sun should be a positive to quality of harvest (and probably good for sales as well).
Could be either someone taking profit (or a forced seller).The only other reason I can see there is some news leaked about the new winery which involves raising money.
Started: TillyWolves, 31 Aug 2023 18:24
Last post: TillyWolves, 12 Sep 2023 09:52
No one is suggesting the brand be brought down to the bargain basement shelves, just a wider availability. I did purchase a few bottles of their premium Grand Reserve, which is an exceptional wine. They are ramping up the vinyard acreage, and numbers of third party vineyards, to increase the availability of their entry kevel wines, which will boost the numbers of bottles sold.
I think the last thing Chapel Down want to do is to cheapen the brand image when working so hard to promote it. If anything they want to do more high end offerings. The masses have proseco and cava. There is no way an English wine company could compete against this market as the volumes are far too small. Chapel Down want to compete with the top Champagne houses. Do any of them have offerings for the masses?
No worries! Agreed re getting into other shops. It’s good that they’re getting into duty free at airports but I do think at some point they will have to move outside of the exclusively “posh” market. Perhaps once they’ve secured the brand as an up-market go-to they can start looking at distributing further to the masses with their increased output.
Thanks for the HL recommendation Spoony. Ive set up my account and have a fill order in place... cheers.
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.
Started: Monkshood, 11 Sep 2023 12:18
Last post: Monkshood, 11 Sep 2023 12:18
The latest Newsletter was very nice and clearly shows that the management teams have a laser focus on marketing -but- there was no mention of this years crop!
From what I have read and seen elsewhere it should be a very good harvest with the early wet weather filling the grapes and the current sun boosting the sugars . The Champagne region are predicting a bumper season with the individual grapes being far larger than in recent years.
I was hoping for a bit of commentary as to whether the cooler wetter weather in August caused any disease problems but it looks like I will need to wait until the next Newsletter -or go and visit .
Started: Monkshood, 2 Aug 2023 07:43
Last post: Telxx, 24 Aug 2023 15:41
£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.
Started: Monkshood, 5 Apr 2023 17:12
Last post: scott240, 19 Apr 2023 10:26
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”.
Started: Monkshood, 23 Jan 2023 07:54
Last post: CharlieMunger, 31 Mar 2023 20:03
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!
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.
Started: Mkx007, 26 Mar 2023 17:36
Last post: Mkx007, 26 Mar 2023 17:36
Plenty on show at the boat race today
Started: Mkx007, 6 Dec 2022 13:40
Last post: Mkx007, 6 Dec 2022 13:40
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.
Last post: ismalia, 31 Aug 2021 20:23
Looking to possibly buy in here but can anyone tell me how to justify a market cap of nearly £90m?
Started: Rangor, 5 Jun 2021 09:24
Last post: roleybirkin, 27 Jun 2021 13:57
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?
Started: InTheMoney, 10 Apr 2021 18:18
Last post: onav171092, 21 May 2021 23:34
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?
Started: SLF72, 19 Jun 2020 20:43
Last post: birgirm80, 19 Jul 2020 10:44
You get a hefty discount at the winery if you own 2k shares.
English vino and bubbles are superb, given the number of investers (:)) buying 2k share lots it's a pretty common opinion.