Distil's sp went down below 3p since Miton sold their shares last year across the board (not just Distil). Hopefully, they will return soon. Looking forward to the year end results with positive news soon.
Rome wasn't built in one day. Distil's progress is slow but solid. Shame Miton plc sold most of their portfolio last year across the board. Hopefully, they will return soon imo.
Company strategy is very clear, develop brands and sell it to bigger drinks company as they have bigger resources to take it to next level. They can't issue RNS on daily basis to give assurances to tidly pidly day traders. My strategy is to hold on for five years regardless unless Don Goulding (CEO) retires.
Fevertree had trading updates and their share price went up 15% on 39% increase on revenue, Distil shares went down 15% on increase in revenue by 39%. How ironic?
Net profit over £300k and cash at bank around £1m would be decent year. Share price can go up and down but it would help long term investors' confidence if the management of Distil communicate more often about future plans (if any!).
Tomorrow we should see better than expected RNS about 3rd quarter ending 31/12/18. Keeping fingers crossed. Target revenue: £4m Target net profit: £300k Big boys will start looking into Distil plc once it exceeds £5m t/o with £500k net profit. DYOR.
Last trading update was on 16th Jan and the results were very promising (Year-on-year third quarter (October to December 2017) revenues and volumes climbed by 19%, supported by a 11% increase in brand marketing investment.). Expecting better results. DYOR.
RE: Hey Diageo, give us £50m for RedLeg15 Nov 2018 08:47
No way I am telling Don Goulding about running his business but imo, he should throw a cocktail party inviting all key players of booze market to know each other and make deals.
RE: Hey Diageo, give us £50m for RedLeg12 Nov 2018 12:27
Distil should hire Indian born CEO Ivan Menedez of Diageo as part time business advisor for selling brands but imo Don Goulding is focussed on organic growth for now.