Chapel Down Grp Share Price (CDGP)

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?