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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.
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.
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.