Member Info for fairdealer20

It would be good to know the bottling capacity at Burton?

applecrumble that may be true, however individual Breweries are unlikely to transport product to Burton for bottling when there is facilities close to hand. Further, between each batch of beer complete cleansing of fillers, pipes, filters is undertaken, and considering the large range of Beers, the process is essential to avoid cross-contamination.

55018 some people will return to work eventually. Companys and working practices are going to change dramatically as will the places of production and distribution.
If the Government decide to lockdown the elderly for a further year, this will be counterproductive not only to their health but the Nation's Economic recovery as this is a group who have greatest disposal income.

Marstons have 6 breweries spread across the UK and before the Lockdown bottled just over 50% of production. Unless know otherwise, it is fairly certain each Brewery will bottle/can on site. Bottling beer which was designated for draught, is likely to present challenges to existing bottling lines....

I have noticed in local supermarkets, whereas a month ago most beer brands were flying off shelves, not so now. This maybe a demographic issue, it would be good to hear others experiences?

oxygen regrettably your synopsis is close to the mark. The average Joe will not worry so much, but familys who visit theme pubs/lodges will be much harder to get back.

I now discover Contract Bottlers have turned lines over to bottling hand sanitizers where the market is growing......who can blame them. It is all about survival.

Harel everyone knows the risks with investments especially on AIM. If they don't they really are irresponsible.

To make contrary statements from one day to another hardly confirms a posters position, quite the opposite.
Everyone has an agenda, don't be fooled otherwise. Would you hand money too a tipster on basis he would double your money within a period of time?

IF the petition is successful it is likely HMRC will allow relief to small producers, Craft Brewers in essence of which there are several 100's who because of their lack of automation, employ comparatively larger numbers of people. Employment is going to figure as a major issue once the pandemic comes too an end.

harel your posts appear to be sending mixed messages. On one hand you cast doubt on the option being accepted by Toscana and the possibility of a Liquidator could be appointed even though a Buyer owns it's debt. Now you believe the take-over offer will be accepted. Maybe your posts are "for balance"?
Is Toscana's BOD so incompetent they have not considered the possibility of shareholder rejection, before putting forward a Recommendation of acceptance, to it's Investors??

Ah Sgt Pepper and his Lonely Hearts Club,,,there was a group of Professionals who could put this mess right!!!

and don't forget MR Keyte

Harel if I buy the debt of a company secured against it's assets, I literally call the shots. Cannot see a Reciever, "if appointed" will see it any other way.
Toscana's shareholders may be aggrieved, they won't have a leg to stand on.
Commonsense dictates something is better than nothing

mike unless I have missed something, the share options approved last July have set base prices at which the SP must have exceeded for 30 days before exercise. The first exercise being this July when the SP must have exceeded 1.75p for 30 days prior.

The next exercise point is July 2021 or later when the SP has exceeded the agreed escalator price

Unless there are caviats within the option agreed it is in the interests of Msrrs Nunn and Swindells to enhance the SP.
That is my interpretation and trust it occurs

mike/scooby

Scooby you may have a point if the International operator does not want to be associated with the name Cluff even the the joint Licence application would have been made by CLNR and a another.

It is an intriguing point

When put n the way you do Mike, it does at the very least look suspicious.

Apart from those issues, the thing which puzzles me is at a time fiscal frugality the company are acting in ignorance which is not in the best interests of Shareholders, small PI's especially. I have always had in the back of my mind the levels at which Executive options can be exercised...the lowest being once the SP has reached 1.75p and progressively upwards year on year. The BOD can prove me wrong but at this time I am yet to be convinced we are working towards those increased Shareholder values. Time will tell, but time is not on their side(BOD).

As stated the CFO position is not clear, as you mike, pointed out her report could have been written by other Contracted Accountants and often are.

Have retained faith thus far, but am under NO illusions. There are many unknowns over which MARS and most other company's have NO control. It is true in times of serious fiscal downturns, alcoholic beverages have been a a good port during the storm. We are in different and uncharted territory...pubs/hostelries remained open even during WW2. We have never had a shutdown like this and even though Bloomberg make positive statements, home sales have increased but they make no mention of the tremendous loss of Pub/Inn sales which as already stated by the Beer and Pub Association is huge. Too such an extent HMRC have agreed to write off £750m in excise duty...…….once beer/cider is packaged ready for sale duty is payable even though the product has not been retailed.

Yes, a speedy end to the lock-down will make a considerable difference and the one thing under-pinning the SP is it's NAV.

Mike it could be an explosive event if it happens at a venue.
Unfortuneately Accountants often inhabit a different Planet and can regard PI's as an irritation.

Do wonder where Michael Spencer fits in to what is going on?
If as you suggest a reverse into Deltic is planned, what will the regulators attitude be?

amtech your stress and angst is palpable. Sorry to hear about your mum and dad, afraid they, you are not alone.

On the Government tools announced some £330billion in all manner of grants, advances, wage garantees etc.
Furloughing does allow employers to save at least 80% of individuals wage. Self-employed, sole-traders are somewhat different and more complex relying on the average of the last 3 years net income or calculated on audited accounts where the qualifying period is less than 3 years.
Local Authorities have within the last week been given several billion to support various areas. Business rates are frozen for 3 months, likewise rents, I know of many companys who are taking advantage of these financial holidays. One way and another companys are reducing costs to enable them too survive.
Even though HMG have instructed Banks, there are many reports these "protected institutions" are not being so helpful to Businesses and Individuals.

I am invested with some Unlisted Company's and they have taken proactive action to protect cash held, by furloughing, taking Rental Holidays, Business rates Holiday etc.

I can see NO excuse why Cluff is not doing similar cost saving exercises, and we haven't even mentioned remunerations being reduced almost universally.

There are going to be casualties just hope those here are going too survive.

Scooby one wonders why the CEO has come up with a name change at this particular time...….to make us know he is working on something???
Why the name DELTIC?

Bad......Algy Cluff is still a significant shareholder.

Doubt very much overall Beer sales will be anywhere near previous levels.
The Beer and Pub Association have stated sales are down 70% and 1000's of pints of beer have been poured down the drain.
Sales through Supermarkets have increased but nowhere near replaces the losses through other outlets. Breweries have had the added problem in increasing bottling and canning processes. Canning/bottling lines can only work to a given capacity and are dependant on a regular supply of bottles and cans.

Would like to think sales have increased to replace Pub/Inn sales, am under no illusion.

Not sure I agree Mike/Amtech. It is admitted Contractors are working to meet the original deadlines....let's see. Don't be surprised that we are told something different in the future. " due too Covid-19 process delays were encountered".

Contractors should be on a Fixed Fee, so no effect to budgets!!

The statement makes no mention of access to various Government grants/allowances that are in place, to say nothing of Rental Holiday.
We are not aware of the mix of Techicnal and Adminstration staff. A large majority of company's have reduced Admin staff to a bare minimum, and furloughed others. There are not many company's who are able to operate at 100% given the interruption to the supply chain which cannot be overcome.
Very many Company's who have limited reserves and want to come through this Pandemic, are making use of the tools Government have put in place.
Some Company's whose reserves are substantial are, imo, not protecting the liquid assets as they should.
Is this guarding Shareholder value??

mike do you think it an essential business and that is why No Furloughing. One does wonder if staff can work within the distancing parameters set down? Maybe some have self isolated and others working from home. Be good to know?