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Hopefully this will continue to move northwards, still way way undervalued, albeit this is not a short term play.
Longer term, however, this will be many multiples of current SP.
As for the comment about the companies I have invested in, being related to 'Corvus', nothing to do with them, just so happens the private client broker I use has pushed these companies.
No knowledge of the individuals involved other than what I read.
Aberdeenman
I agree with JJ, you can never tell. these companies will have a list of investments and potential investments and decide priorities based on potential returns over their desired timeframes. We do not know what those details are, it is likely they just have another prospect they think will deliver faster returns, or it could just be outflows to their investors, which is affecting many funds at the moment.
No point trying to guess, it is just a normal feature of the market, even companies that are doing very well SP wise will see investors selling at some point.
Aberdeenman
For those that don't know, Tony Burt, EISB CEO, was the boss at M&C Saatchi in NZ, hence the cool marketing billboards.
Marketing is a major feature in the drinks business, and whilst they do not have a massive budget for marketing, it bodes very very well for the future of this company.
Aberdeenman
This company is going places, way way oversold.
These prices will be looked back on as a golden opportunity, glad I loaded up to get a 7 figure holding.
GLA
Aberdeenman
Good to see the amount of trades, if not the volume, it shows that there are lot's of people watching this, from previous experience those that post on BB's only make up around 3-5% of those watching, so good to see lots of people seeing the RNS and loading up.
I expect it was the news many were waiting for before committing more funds, so hopefully we will now see a good recovery in the SP.
Aberdeenman
Never been away!
Just not been a lot to say, but I did add more over the last few months, not saying I got the bottom, but kept averaging down.
GLA
Aberdeenman
"Whats the cash position at the moment, do they need to raise again!"
They have said they have enough cash to get to profitability and would only raise more cash to accelerate growth
Aberdeenman
They can truly get the growth motoring now. Slight bump in the exponential growth curve, but this should really go for it now.
Great price to be loading up still.
And remember, relatively, not a lot of free float.
Aberdeenman
"The Rich Are Spending on Luxury Goods Like It’s 1999"
Even with current economic conditions it makes no difference to our target market, the article below has a paywall, but even without reading the full article the message is the same, the ultra premium market is booming!
https://www.bloomberg.com/news/articles/2022-10-20/luxury-goods-still-sell-big-even-as-recession-fears-grow?srnd=premium-uk&leadSource=uverify%20wall
Aberdeenman
"the more the better "
There will be economic with scale, so higher margins.
Fevertree has had it's day!
Aberdeenman
Also given the rise, I think we may see some chunky, late reported, buys.
Aberdeenman
I agree Jyee, looks like something is brewing.
Aberdeenman
https://www.thedrinksbusiness.com/2022/09/the-race-is-on-between-fever-tree-and-east-imperial/
How many bags to overtake Fevertree?
:-)
Aberdeenman
"Looks like it just me, Aberdeenman, Mr Burt and Spank left on the shareholder register…lol"
I have been 'here' before, getting in before a share takes off, before the 'herd', it is a good place to be, you get the biggest rewards just for being patient.
Although there are never any guarantees, and I have been stung before with dodgy CEO's, liars and spivs running companies, this one is a bit different, it is not a gamble on red or black with a drill, a mine that may never happen despite massive reserves or a company with a great product idea, but squanders the opportunity.
This is a company actually producing a world class product, generating revenue, experiencing high growth, with a massive market opportunity, and huge companies that will buy them out at some point, indeed EISB will already be on their radar due to the coverage received in the trade press.
Also the CEO has a lot of shares, he needs this to succeed, and with his background in marketing he knows what needs done for this to succeed, add in a hugely experienced board with all the right connections, and this one seems a clear winner.
Just needs patience.
Aberdeenman
I agree chips.
Holding out for 100pps
;-)
Aberdeenman
I will be adding more, once this goes it will be much higher than current, not sure when that will be, could be weeks or months.
Aberdeenman
After the budget, the wealthy and bankers will be able to buy even more EISB products!
Aberdeenman
Where did the Bullish Cypher go?
maybe it is a secret ;-)
Aberdeenman
US bottling plant announcement back end of this year, so not long off.
UK market entry announcement also this year
Margins improving and supply/transport costs coming down
China sales growing
Announcements re entry to additional new territories coming
All in all lots going on, and US will be a major area of growth.
As for a 3-5 year timescale, I disagree, getting a holding at these prices will give many bags over 3-5 years, buying in double figures in a year or so will only give a quarter or third of the return over 3-5 years, so rather than just a long term hold, I think it is a medium and long term hold, but worth getting your position sorted now, I have put way more than a small amount in, and am not worried about it at all.
Aberdeenman
US bottling plant news is due.
They are working towards rapid expansion of sales, as the CEO said, the SP will sort itself.
Look on this period as an opportunity.
Aberdeenman