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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 .
Been watching for a few weeks
Trying to buy for 1p during September 2022
13/10/22 RNS down 23% to 0.81p .
Placed limit order 14/10/22 ( Wi ) at 0.8
Lifted 1.32pm 14/10/22 at 0.799p
Market turmoil last two weeks , Kwasasi Kwartteng sacked before midday today as Truss "threw him under bus "
First buy 3/9/19 @ 0.9p ,In hindsight should of taken 3.1p on 10/4/21
Really difficult to "read" the results against the revised go to market, no real like for like comparison.
Elephant in the room is the option for further investment into Ard.
Not quite I bought from Havant Tesco 2 weeks ago for step dads birthday Red leg vanilla & ginger & a bottle of the pineapple as well
& saw it in Sainsbury's & Morrisons
I just hope the new sales director is capable of achieving results. Seems like a risky strategy to me. Red leg has vanished from super market shelves
poor H1 results were already known so maybe the fall today was due to the outlook statement which was no more than ok.
I was hoping the change of distributor impact would be short lived and surely the new one would open up new channels - maybe progress is a little slower than they had hoped, as surely any good news would have been mentioned.
Previous RNS stated a whisky would be coming late 2022 - well we are in Q4 now.
Seems strange to spend so much on TV ad at the same time when distributor change would squeeze cash.
Hopefully a good Q4 /xmas will get this back on track
Good job you're not invested here then Monty.
Annual cycle made to look worse due to TV advert spend and change of distribution method. Not sure either of those was a good idea but it's done now, we've taken the hit and hopefully we can move forward. It would have been nice if Distil had actually put some pictures of the Ardgowan progress on their website and maybe named the new pub chain customer.. they need to nail everything not just some things.
Couldn’t be any worse, they knew this when doing the last fund raising (Dirty). Resignations as well plus a 12% spread so if you make 24% on a buy and sell your only break even. Totally uninvestable, shouldn’t be floated penny share of the worst kind.
I suggest you don't invest here then Monty.. your 5 minute glance at the company won't really have given you the bigger picture.
Clearly they been doing a stockist trick of a form ‘sale or return’ over a period of time, one update even saying revenue was down because they couldn’t make gin fast enough. This was very clever while they did the capital raising all is rosy in the garden. Now we see this duplicitous CEO for what he is - Univestable!
Interesting macro environment for the company.
- Will be very weak spending on discretionary items, but distil at better price points than man y.
- High interest rates and construction costs on whisky joint venture
- Thick lizzie trashing sterling hopefully helps exports
As is often the case, the buy/sell guesses on the above trades list is giving misleading information. The last trade of 100,000, showing as a sell, was my BUY @ 1.099p/sh. Despite what the spread indicates, there are more available at around this price if anyone has the stomach for it.
Great! Thanks for the heads up, I'll check mine, and Waitrose where I haven't seen any for a couple of weeks.
Red Leg rum has reappeared in my local Morrisons... Quite competivley priced too!!
managed to grab a few more at the low price before spread opened again, waiting to sell at 2.1p again ;)
-> my chart says maybe October .... watch the spread ...
No , the covid impact was in March/April 2020, things were slowly getting back to normal this time last year.
This is mentioned in the trading RNS this time last year (12/7/21) - see below
"I am pleased to report a 10% increase in sales revenue and 15% increase in volumes year-on-year for the first quarter of our financial year. Growth in volumes ahead of revenues reflect the partial recovery in Licensed sales for Blavod Black Vodka, mainly through Europe and Duty Free.
The figures are particularly encouraging as we are lapping the unprecedented first quarter in 2020, (that had shown a 21% increase in revenue over the previous year), in which we experienced panic buying fuelled by the emergence of the Covid-19 pandemic, resulting in unusually inflated revenues.
hmch I thought the same. Lacking in any real detail and unflattering.
Its a covid lockdown trading year, so what else would be expected ?
I need the spread to close so I can buy some more now ..
They look quite bad to me. Revenue impact will be c£580k as per today's RNS - so c 20% reduction on c£3m annual revenue.
This at a time when they have just spent an extra £500k on a TV advertising campaign.
The timing of this spend looks a little odd IMHO. Would it not have made more sense to change your distributor first before upping your ad spend.
The results say, its getting really tough and our figures will look really bad , whereas in reality they are only mildy bad.
Well those results don't say a lot, apart from "nothing to see here, come back next year to see how we're doing"??
"Founded in 2004, Marussia Beverages is a producer and international distributor of wines, sakes and spirits. In 2019, the company recorded a turnover of 250 million euros across all activities. The group has a presence in 12 different countries with 15 production sites and a distribution network of 12 subsidiaries. It produces and distributes its own portfolio of premium brands: Mamont Vodka, Mozart Liqueurs, Austrian Schlumberger sparkling wines, Château Mukhrani, Tamada, Old Tbilisi and Vismino (Georgian wines), Mossburn and Torabhaig Scottish whiskies, Mezan rum, Akashi-Tai sake, Hatozaki Japanese whisky and 135°EAST gin."
https://ch.linkedin.com/company/marussia-beverages
They also cover USA, so maybe FINALLY we will get USA Distribution going!!
"Since 1992, the team has launched and created powerful sales and marketing programs by collaborating with wine and spirit partners to build brands in the US market. Portfolio includes such brands as, Hatozaki Japanese Whiskies, Mozart Chocolate Liqueurs, Barenjager Honey Liqueurs, Mamont Vodka, Mossburn Scotch Whiskies, STROH Rums, Schladerer Fruit Brandies, Lenz Moser Wines, to name a few."
https://www.linkedin.com/company/marussiabeveragesusa
Would have been nice to have more detail on 'accelerated growth plans' and 'reducing costs' . Not going to comment on the new distributor while there's a war going on.