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Makes this look likely to see a significant re-rate. RNS RedLeg listed in major UK supermarket chain and Trading Update Distil plc ("the Group" or "Distil") (AIM: DIS), owner of premium drinks brands, is pleased to announce that another leading supermarket group has listed RedLeg Spiced Rum ("RedLeg") for its stores throughout the UK. This follows the successful listings of RedLeg in April 2015 and October 2015 by two major UK grocery chains and further increases this brand's presence and availability in the UK. We are also pleased to announce that trading in the first quarter (April-June) of the current financial year has been broadly in line with our expectations. Both sales volumes and revenues were up 1% and 5% respectively over the same period last year which contained our first listing with pipe fill to a major grocery chain, combined with major launch promotional activity which is phased differently this year. Don Goulding, Executive Chairman of Distil, said: "We are delighted RedLeg Spiced Rum has been listed by another major UK supermarket chain, further enhancing awareness and availability of this popular brand which is growing in both the On trade and Off trade. We continue to make steady progress across the portfolio with our brands benefiting from increased marketing activity." For further Information:
Peter Scott had the top companies in the world as clients and will do so again with BHRD SANTANDER KING LAYS CATERPILLAR SKY WARBURTONS TOYOTA THE HOME OFFICE BIRDSEYE CROSSRAIL EXONMOBILE THE CABINET OFFICE E.ON KELLOGS BUPA THE ROYAL NAVY MTV PFIZER UNILEVER COCA-COLA DISNEY NESTLE B&Q X-BOX AMERICAN EXPRESS 20TH CENTUARY FOX ROLLS ROYCE THE ROYAL AIR FORCE TOSHIBA All clients of Mr Peter Scotts at the company he set up from scratch and ran until he stepped down recently as CEO for 10 yrs Engine Works. It wold make sense that they would want to work with someone they trusted their business too and could well do so again.
Had that deal come off as intended this would have done multiples of today's share price. If that's the benchmark and the type of deals that the directors are looking for it won't be long till we get one that will send us in to the big league. Quite obvious that the directors are very ambitious and aiming for big things with this company.
Looks like the troll read britishbulls. The market is sour and it has been since china sneezed, other aspects now coming into play too so not a lot anyone can do other than sit tight and ignore the trolls. If the falls happen to continue and you have some cash on the sides, then by all means pick up cheapies. End of the day, it's all money in the bank as things will turn round at point.
I doubt it mate, seems more market jitters and people being panicked out of a good stock. I guess this is where you see the ship get lighter when men jump over board and land on the sand lol it's a period that will pass imo...it's a case of sit tight and fet on with life whilst things take their natural course. This is a good solid company with huge prospects and it will do great for everyone invested. The cheaper it gets the more we can grab and make on the way back up.
ADMIN must we endure this bad language and trolling all day long ? Please see forkbeard for what he is.
Peter Scott is used to working the top companies and will do so again with BHRD SANTANDER KING LAYS CATERPILLAR SKY WARBURTONS TOYOTA THE HOME OFFICE BIRDSEYE CROSSRAIL EXONMOBILE THE CABINET OFFICE E.ON KELLOGS BUPA THE ROYAL NAVY MTV PFIZER UNILEVER COCA-COLA DISNEY NESTLE B&Q X-BOX AMERICAN EXPRESS 20TH CENTUARY FOX ROLLS ROYCE THE ROYAL AIR FORCE TOSHIBA All clients of Mr Peter Scotts at the company he set up from scratch and ran until he stepped down recently as CEO for 10 yrs Engine Works. I expect a few to follow him. It wold make sense that they would want to work with someone they trusted their business too and could well do so again.
Great advice to anyone looking in. I should heed it myself instead of getting dragged in to replying to a troll. It's all he wants after all. What I should be doing is reporting the troll and hoping admin.
The market will tell and it is telling. Doesn't make any difference. Nothing has changed we've got in on a good stock and if it falls back then it falls back. I have no problem, when it rises I will have no problem either. It's a very strong buy at these levels and if it did fall further than again an even stronger buy. That's the difference, this is a growth company and it's a strong buy, today's prices or last weeks make no difference.
Well said mate. Very accurate there and it is indeed the time to grab a few more on any further dips. Nobody can predict the market but we are all long enough in the tooth to have seen this all before. The BOD here are simply the best we could have hoped for running this type of business. There's no better out there imo.
It got trolled all they way from a £3 mill market cap company all the way up to a £65 mill market cap company which was some 800% later. I think that proves the point with BHRD. Don't concern yourself with today or next week but look at the bigger picture. This is a quality stock no matter what anyone says imo.
Then this. Re Peter Scott and potential to grow BHRD into a sizeable company. That imo is why this is one to watch as the acquisition strategy unfolds. Worth also taking a look at the valuation of both Engine Group and Aegis that PS was involved with. Instead of 333m shares in issue here - how about in acquisition stages there is a future 500-600m shares or/and some debt financing to grow it to create a £300m+ valuation (I'm saying this as they are targeting company acquisitions of up to £50m and what turnover might you get from a £50m acquisition compared to one costing £11.9m max which is giving around £16m t/o currently ?). The first acquisition has cost them a max £11.9m which is profitable and on target for £16m revenue this year. If you look at the £3.2b takeover valuation of Aegis at the time and if in the future via acquisitions BHRD had a future revenue of say 10% of what Aegis had which was £1b turnover and £160m pre tax - ie for BHRD £100m of turnover (and they currently have 16% of that turnover figure) with a similar £16m pre tax here in the future - perhaps pro rata that could be worth 10% of the £3.2b takeover figure that Aegis was sold for. A £320m valuation on 500-600m shares could perhaps be a future 53p-64p target possibility with patience and if their acquisition strategy is successful. Depends how ultimately profitable it can become and how good the acquisitions are. One thing is that each new acquisition to the group and if similarly acquired on a deferred payment system, the issue of shares may be limited and those that receive shares in the company as payment should benefit from growth in all the other acquisitions in the group if the majority prove successful. Peter Scott was also the chairman of Engine Group that was bought over by Lake Capital in 2014 for £100m. http://www.cityam.com/1406770463/lake-capital-100m-deal-engine-group The 2013 accounts showed turnover of £100m up from £91m a year earlier. Engine Group had bank loans, overdrafts and long term debt of £78m and cash of just £3m and the interest payments alone in 2013 were £6.6m. https://companycheck.co.uk/company/05015446/THE-ENGINE-GROUP-LIMITED/financial-accounts Therefore what future value could debt free Agenda 21 be with unaudited half year t/over for 2015 at £7.9m which could be close to £16m full year ? as just one part of this growing group. If you consider the above and consider the Aegis takeover below ie = £160m of pre-tax profits bought for £3.2b (ie bought for 20 X pre tax profits). "Aegis reported a surge of a third in pre-tax profits to more than £160m last year, as organic revenues rose 10% to more than £1bn. Japan's Dentsu has stunned the advertising world with a £3.2bn cash deal to buy UK media group Aegis, creating a global marketing services giant that aims to challenge
Who built and founded the Engine Group? Peter Scott The Engine Group consists of 12 operating companies all working together within the same sphere helping and enhancing each others capabilities and offerings. It was all brought together under one roof by Peter Scott. I expect him to do the exact same here and he has in fact stated this aim in the admission document along with the first of many companies joining our soon to be enlarged group.
There is already an orderly Q formed to work with Agenda21 Digital BHRD's first acquisition: When you have significant interest from a number of strategic partners looking to build and enhance their cutting-edge digital media and analytics capability you know that you have something very special and the road in front of you will be a hell of a lot easier to navigate. That's what Mr Scott and Agenda21 brings for BHRD. Backed to the hilt with institutions and going forth will be backed to the hilt. According to Results International, who advised Agenda 21 on the acquisition, Be Heard viewed the transaction as an important first step in its “journey towards becoming a digitally focused international network of ‘best in breed’ specialist agencies spanning the marketing services, technology and eCommerce sectors.” Be Heard is led by Peter Scott, co-founder and former CEO of The Engine Group and Aegis Plc. Results International said in a statement that Agenda 21 has received "significant interest from a number of strategic partners looking to build and enhance their cutting-edge digital media and analytic's capability” because of its strong client base and prominence in the industry.
From Zengas... Re Peter Scott and potential to grow BHRD into a sizable company. That imo is why this is one to watch as the acquisition strategy unfolds. Worth also taking a look at the valuation of both Engine Group and Aegis that PS was involved with. Instead of 333m shares in issue here - how about in acquisition stages there is a future 500-600m shares or/and some debt financing to grow it to create a £300m+ valuation (I'm saying this as they are targeting company acquisitions of up to £50m and what turnover might you get from a £50m acquisition compared to one costing £11.9m max which is giving around £16m t/o currently ?). The first acquisition has cost them a max £11.9m which is profitable and on target for £16m revenue this year. If you look at the £3.2b takeover valuation of Aegis at the time and if in the future via acquisitions BHRD had a future revenue of say 10% of what Aegis had which was £1b turnover and £160m pre tax - ie for BHRD £100m of turnover (and they currently have 16% of that turnover figure) with a similar £16m pre tax here in the future - perhaps pro rata that could be worth 10% of the £3.2b takeover figure that Aegis was sold for. A £320m valuation on 500-600m shares could perhaps be a future 53p-64p target possibility with patience and if their acquisition strategy is successful. Depends how ultimately profitable it can become and how good the acquisitions are. One thing is that each new acquisition to the group and if similarly acquired on a deferred payment system, the issue of shares may be limited and those that receive shares in the company as payment should benefit from growth in all the other acquisitions in the group if the majority prove successful. Peter Scott was also the chairman of Engine Group that was bought over by Lake Capital in 2014 for £100m. http://www.cityam.com/1406770463/lake-capital-100m-deal-engine-group The 2013 accounts showed turnover of £100m up from £91m a year earlier. Engine Group had bank loans, overdrafts and long term debt of £78m and cash of just £3m and the interest payments alone in 2013 were £6.6m. https://companycheck.co.uk/company/05015446/THE-ENGINE-GROUP-LIMITED/financial-accounts Therefore what future value could debt free Agenda 21 be with unaudited half year t/over for 2015 at £7.9m which could be close to £16m full year ? as just one part of this growing group. If you consider the above and consider the Aegis takeover below ie = £160m of pre-tax profits bought for £3.2b (ie bought for 20 X pre tax profits). "Aegis reported a surge of a third in pre-tax profits to more than £160m last year, as organic revenues rose 10% to more than £1bn. Japan's Dentsu has stunned the advertising world with a £3.2bn cash deal to buy UK media group Aegis, creating a global marketing services giant that aims to challenge
So BHRD has only just begun. Now we know what the plan is as it has all been made very clear in the admission document. So we know there is going to be another acquisition and soon ok because they have said so. We also know that there will then be another acquisition and another until they have gained the critical mass they require. So , we know this is all going to happen. We also know they have enough cash at hand to fund the next deal unless it is an enormous one. We know they will fund deals NOT NECESSARILY by placings though there may be some along the way but by issuing shares as payment to potential targets and locking them in for a period. They will also use a low level of debt or loan notes etc. They will not heavily gear the company. THEY SAID SO. Peter Scott does not want his large shareholding diluted any more than we do. He said so. Acquisitions will be incremental. At higher levels each time . So as it is at the very beginning of this phase it stands to reason that the early bird investor stands to gain the most. Nigel Wray thought so. So do I. It is going to grow and thats a hard fact and nobody is going to stop it. How far it will go is neither here nor there. But go it shall. Do you honestly honestly think City institutions and the UK's top private investor (Britains Buffet) invested heavily in this for any other reason than to share in the vast amount of expected growth ahead ? Do you think maybe they know all about Peter Scott and his team and know full well this is one of the best shares to be in for 2016 and beyond? Well, maybe you dont thats up to you. But I do and I know that I will almost certainly make a lot of money here. GL all
I get the feeling that Nigel Wray ignores herds as do Gresham House. Gresham not only took part in the placing here but added another 4 mill shares in the open market. Now if thats not a vote of confidence here then I dont know what is.
Whats there to doubt though. Its a buy and build . It has about £7m in cash and no debt. It just bought a company for £2.3m which had £2m in cash in its kitty so basically they just bought a company valued at around £12m for £300k and some paper. Only someone who can persuade others to see why it will benefit them going forwards could pull off such a deal. Its as if Agenda 21 paid us to buy them lol. Well you know what I mean. So anyway this new company we own churns around £1,997,000m gross profit for 6 months to June. And its picking up new clients by the day. So all of that and 3 of the worlds top operators in this sector working to add business after business to our portfolio. Who's next is the only thing to wonder at. This is a very exciting time to be a shareholder in a very exciting company. I fully expect to make significant gains here over the coming months. Hope you do too. GL.
I think a lot of people who seem very worried and dont understand the mechanics of company building need to give this one and most other companies in the growth phase a wide berth. They would also benefit from actually speaking to the companies involved and get them to explain in easier to understand details of how they intend on growing. For those who are comfortable investing at an early stage growth company that has been set up as a fast tracked buy and build then they will know that the time to invest in it is before it is being written about in the FT and flying high. They have set their stall out here in a very transparent manner. They are targeting £150m revenues over the next few years. Allowing for a few more shares to be issued as part payment for future acquisitions (locked in as before with agenda) then it implies a company with a mkt cap/value of around £300m GL
I might add that since opening bell on Mon the 4th the markets have been in free-fall and mayhem. BHRD has held up well considering that all around it is in chaos. I had kinda hoped we would see 4p again as I wanted to get more at that level but fear that opportunity has past forever. It is always the same with me. I see something I want in on and buy. Then I slowly wake up to the wider picture and wished I had bought more. I may well do so today as this looks like the best Im going to get. Once all this market turmoil settles we should start the next leg up. We have between £5m and £7m in CASH We own a company that has revenues of over £16m and is profitable. We have one of the best groups of people running this company that can be found in this biz anywhere in the world. We are targeting the fastest growth market with digital expenditure expected to break over $1 trillion over the next few years. Its the perfect plan which has been timed perfectly. GL