Roundtable Discussion; The Future of Mineral Sands. 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.
That was my point.. we have already outperformed pre-covid levels by over 20% which is great.
Little top up this morning.
Long term this has legs
steady growth to pre covid levels is good considering how little was sold in pubs
Disastrous update. I've had enough of this company's jam tomorrow promises. I'm out.
Looks like you will get your chance skid35.. after this typically poorly presented RNS from Don.. with just a little bit of thought he could have headlined "figures up 23% against pre-covid comparative period", "New Malt Scotch being launched in...".
(sigh)
Nice summary Haggis.
A medium term holder with 400k shares, was waiting for some cash to add to this but looks like I might be paying more than I wanted.
And all of what Haggis reproduced below of course! Onwards and upwards...
An exciting wait for Ardgowan and Roland Grain maybe; but there will be no wait or interruption for the current Distil range (just a new home for our Blackwoods Gin brand when we occupy our part of the overall estate).
But DIS does not need to wait for the distillery to be built before it gets something back ….
Immediate and longer-term benefits for the Company through the Investment, including distilling, new product development and small batch bottling capability, a physical 'home' for the Company's Blackwoods and TRØVE brands and access to Ardgowan's Master Distiller, the renowned Max Macfarlane, to help produce an own brand malt whisky for the Company.
The investment will provide a yield of 5% which, once the Loan is fully drawn down, will amount to an annualised income of £250,000 (an annualised £150,000 until that point).
Furthermore, the Company will obtain security over 10% of Ardgowan's annual production of malt whisky (or other product at the discretion of Distil), and gives Distil the option at any time, following a period of consultation, to convert this investment into approximately a 14.28% stake in Ardgowan (assuming the loan outstanding is £5 million). The nature of the Investment will provide Distil with commercial and operational benefits for its existing business (see below) as well as this potential opportunity to acquire an equity stake in the business.
Within the Manufacturing Agreement (see below) Ardgowan will assist, through their Whisky Distiller, the sourcing and crafting of blended malts purchased in cask from third party distilleries. These whiskies will be branded, owned and marketed by Distil and sold through the Company's own distribution network. Malt whisky is an attractive high value, high margin, high growth category. Opportunities for the joint development of future malt whisky products will be explored enabling Distil to further broaden its brand portfolio once Ardgowan whisky stock has sufficiently aged (minimum of three years). Distil expects to launch a range of Distil branded premium malt whiskies in 2021/22.
It will take 3 years from the date the Distillery begins production to see any product but I agree it's an exciting development
At least the spread has sorted itself out to more respectable level. Distillery plans here for me will be big game changer. Be interesting to see results though. I see Red Leg a lot more now in smaller Tesco’s Express shops too than use to as au only ever used to see it in the major stores.
One to add to on any dips as feel Dis may have a big bounce towards next year for sure
£12.32m valuation for a profitable company with no debt and several spirit brands. Spirit brands sell for tens of millions each. RG saw it at higher prices, why can't the market see it!
£12.32m valuation for a profitable company with no debt and several spirit brands. Spirit brands sell for tens of millions each. RG saw it at higher prices, why can't the market see it!
Last year's early trading update (including for the Christmas 2020 period) arrived on 20 Jan 2021.
So we can presumably expect a trading update imminently (including Christmas 2021). Maybe there's expectation building, or a leak. Could be good news coming.
That quote I posted earlier was the outlook dated 18 Oct 2021 btw (not 2020).
PS No neeps or haggis for me, but I'll have a large red leg and count me in for the distillery tour too.
Cancel that, it was listed in today's news on Google but appears to be from last year!
Maybe this is the cause....
Distil Plc: A Hidden AIM Drinks Play With Abundant Upside Potential
Jan. 07, 2021 12:05 AM ET
https://seekingalpha.com/article/4397680-distil-plc-hidden-aim-drinks-play-abundant-upside-potential
28.57% now..... I am having a Simon Howie for dinner.. A few neeps as well..
Make that 28.6% and counting
That would imply a leak of price sensitive information.
Either way, now 25% up and top of the risers list today!! (will get noticed)
Good Christmas figures perhaps?
18/10/20:
Outlook
Christmas is our key trading period and all of our efforts will focus on keeping our customers in stock at all times. We are working closely with manufacturers and suppliers to maintain continuity against ongoing uncertainties regarding hauliers' ability to attract a sufficient number of drivers.
Given ongoing supply chain challenges and uncertain timelines for the resumption of normal activity levels it is difficult to forecast with accuracy and certainty for the second half of the year. Market guidance will be released following our key Christmas trading period.
If the UK remains lockdown-free throughout this period, social gatherings at home and enjoyment of the On Trade will help facilitate a return to normal trading/activity levels. Our brands across the portfolio are well positioned and supported to enjoy growth in line with this.
I bought this for the long term and want to visit the distillery. I also monitor the Red Leg bottles when I go to the super market.
It is a sort of hands on investment. No idea why the rise today though.
Seems every buy order goes to NT to buy. Hopefully can start a momentum run with some volume here
Distil looking very promising for growth with the distillery plans. Have a feeling 2022 will be a good year here. Spread advertised is off putting but sure with some volume that will change. Done well here in the past and hope to repeat it
Looks and sounds AMAZING!!
Looks amazing
https://www.inverclydenow.com/distillery-reveal-vision-for-cathedral-to-whisky-at-inverkip/
Hoping it doesn’t affect timelines too much but looks way better!