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Well - I've filtered him out at long last. Just cannot stand any more negativity on here as it should all be about SEEING not him.
He could ruin the mood at a World Cup winners party, and must have been a rhino in a previous life so thick is his skin
Good riddance
Am all in with these two at the moment but 75% with SEEING such is my belief. Don't miss the boat - Panmure target price re-rated to 30p but some some saying they'll be the next Intel & a takeover target Still think Distil could double in next 12 months so will sit tight for now GL
You're right of course J - it is expensive, especially in a VERY competitive market 51m bottles of gin sold in U.K. last year so guessing Distil sold about 200,000 bottles @ average £10 into retail (but that includes Redleg Rum etc) so we are a minnow in real terms - BUT gross margin certainly gives this share legs. Ignore all postings that suggest brands could find buyers for easily more than current Market Cap. Sold a third today to buy more Seeing Machines which have made £16k for me in past 3 weeks after a patient 4yr hold. Now there's a share that has REAL legs !!
Share price right now is just 3% higher than it was on 20th April, despite decent enough results. Yesterday's 8% drop giving a false look to today's increase, so really do not understand what MM's are playing at with this share. We should surely be looking at the 3.2p from this day last year - maybe Friday is the worst possible day to announce as the City boys are in champagne focused weekend mode. Will give it till Tuesday, but got �7k tied up here at break even now, and not sure what to do. A similar rise in sales over the coming year (without any real increase in operating costs/overheads) could I suppose produce pre-tax of around �500k, at which point the shares would surely value up around 5p. Mmmm GLA anyway
Bought another 65,000 earlier, but showing as a SELL ! Meaningless figures. Looking forward to EoY results. GLA
Did I really post " a load of made up figures from my head" Haggis. I made one 'guesstimate' about what price Distil are selling into the retailers, which given the buying power of the main supermarkets was a pretty reasonable one in my opinion. Balance sheet in 2015 was worth 2.2m and now 2.8m, and the market capitalisation is 1,000 times that of last years pre-tax profit ! Just saying getting back to the August 17 high of 3.85p will take some time IMHO.
Have a look on Distil's own website. I tried to contact them to see if they would provide a breakdown on the �1.642 total revenue for 2017 by brand/bottle sales. When you click on Contact us (e.mail here) absolutely nothing happens so thats not a lot of good to start with. Look at the brands, and try & find Jago liqueur or the Diva Gem vodka anywhere -all say Out of Stock or currently unavailable. If we assume that across ALL BRANDS they are selling into supermarkets for say �14 a bottle, then that equates to about 120,000 total bottle sales. Total gin sales in UK for 2017 was about 47 million bottles, so even if all sales were Blackwoods Gin, that would equate to about 0.25 of 1% of market share. We can speculate all we like about flogging a product to Diaego for $50m or whatever, but this share was trading at 1p just 2 short years ago. Have we really come that far since then. I'm a great fan of the products myself which is why I bought in, but just putting these facts out there as this is generally a very quiet BB. I'm no de-ramper - just like to stimulate reactions to create interest on here.
Whilst admiring the confidence many posters have in Blackwoods Gin in particular, we have to remember that there are approximately 500 gins available in the UK right now, supplied by about 273 different distilleries. That is fierce competition by anyone's standards, and makes it extremely difficult to penetrate the market to any real degree. What I think Distil need quickly is a flavoured gin - my daughter and all her friends go into gin bars in Leeds & Ilkley, and almost without exception they are going for these. Rhubarb gin with ginger ale seems to be the thing at the moment for the 25-30 year olds and I think that will remain strong for some time. Reaction of share price to trading update is very disappointing and I thought these would be heading back to around 3.7p fairly soon. I'm in @ 2.3p and may have sold at that level as I think this will be a much slower burner than most seem to think on this BB. Time will tell but gla anyway
Made me laugh guys that we're all on the same wavelength. Been re-organising Redleg & Blackwoods Gin for past 9 months locally, and recommending gin particularly to any shopper who looks like the're having trouble choosing. At BOOTHS in Ilkley this morning, Blackwoods Gin is reduced to £18 and they had 3 rows & much depth, so great presence. Old style bottle, which I have to say I favour over the new look ! Roll on New Year update
Khaiser, I have to agree with you. 40% down from 5 weeks ago is very disappointing, and I hope the demand for the products is better than the current demand for shares. Bewildered and keeping a close eye on this - am in at 2.7p & worried that the sheer number of gin brands in particular which are now commonly available in most supermarkets, makes it tough for Blackwood to make any real inroads. Fingers crossed
The sell showing at 8.42am today is actually a BUY instigated by myself as a "toe in the water" look at this share !
Well Munchbox - these have been on my watchlist for a while and in December were 245p, but by January 20th had dropped to 97p. Got in 12 days ago for 112p and sold half within a week for 175p. Not sure what to make of it and one of the quietest bulletin boards I've ever witnessed with one comment per month on average ! One of those where gut instinct counts for a lot. Have a look at Seeing Machines as an alternative - very active investors doing great research of this site, and great upside with not much risk.