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If you extrapolate last years results to this year we should achieve £2m+ in revenue. A quick look at Fevertree's results shows a company with a £1.7bn market cap on revenues of just over £100m. If we were to apply Fevertree's P/S ratio to Distil with revenues of £2m we could be looking at a market cap of around £34m. Back of a fag paper calculations, but interesting nonetheless, particularly when you remember that those projections for Distil will include very little, if any, US revenue.
https://twitter.com/search?src=typd&q=redleg%20rum Redleg takes Gold at the 2017 Rum Masters awards!
Very surprised myself! I'm not sure if this will have the same immediate effect on revenue that a large supermarket would have (I could well be wrong here), but it increases brand visibility hugely which will have a very nice knock on effect on supermarket sales. 1000 pubs nationwide, each receiving thousands of customers each week. Everything is really falling into place nicely now.
Confirmed on the Redleg Twitter now: https://twitter.com/RedLegRum/status/839780865345470464 Available in all Wetherspoons pubs across the UK!
Pretty interesting research piece from Progressive Research can be found here: http://www.iii.co.uk/equity-research/lse:dis/distil-plc%3A-building-brands-and-filling-channels Found this quite interesting: "H1 sales growth of 26% compares with our full year forecast for 30% growth. While this implies nearer 34% top line growth in H2, we would point to two factors that should contribute to higher top line growth in H2. First, Q1 sales growth as per the August trading update showed only 5% revenue growth, compared with the 26% achieved for the whole of H1. This implies turnover growth in excess of 45% in Q2. Second, the new UK listings announced during the period will also bolster sales growth in H2, including the key Christmas and New Year holiday period."
Haven't seen the below before, is this new? Looks pretty good anyway. Really exciting month ahead of us now, if we can break even and push sales in the US for xmas the current SP will be long gone. http://redlegrum.com/
It amazes me that it is still under the radar in all honesty, I really believe this one is pretty special at the current price. I guess people are waiting for results - moving into profitable territory should definitely increase visibility.
Redleg now available at Morrisons: https://groceries.morrisons.com/webshop/getSearchProducts.do?clearTabs=yes&isFreshSearch=true&chosenSuggestionPosition=&entry=redleg
Agree with you here Koolervanme. I don't expect to see us do anything more than breakeven in the next set of results because any excess revenue will be pushed back into marketing and increasing sales. I'm sure Don has pretty much said as much when he alluded to the value of the company not being in the bottom line profit.
Agree with you here Koolervanme. I don't expect to see us do anything more than breakeven in the next set of results because any excess revenue will be pushed back into marketing and increasing sales. I'm sure Don has pretty much said as much when he alluded to the value of the company not being in the bottom line profit.
I expect we'll get a trading update in the next few weeks in line with last years September update. Went into my local Tesco in Edinburgh yesterday and couldn't see any Redleg - thankfully it was sold out rather than discontinued! Hopefully there aren't any supply issues and we've been able to match demand. There's been a lot of focus on achieving breakeven, and while I think it will come with the next trading update, I get the impression that our priority is maximizing revenue rather than net profit. If the ultimate aim is to sell these brands on an individual basis then it makes sense to focus on generating strong demand and revenue streams primarily.
A bit old (13.03.2016), but don't think this has been posted, so thought I would share: Shares in Distil plc (DIS) traded more than 20% higher, at just over 1p on Friday, on the back of an update that “we remain confident for the fourth quarter of the financial year and expect full year performance to be in line with the board's expectations” and a rare placing at a premium. The owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka has announced a gross £0.63 million placing at 1p per share with a new institutional shareholder, Miton UK Microcap Trust, and certain existing shareholders for“brand marketing, both domestically and internationally, and to strengthen the balance sheet as brand volumes increase. Further brand innovations are anticipated”. The issuance price compares to a 0.85p mid-market share price throughout March to-date, with the company noting it considers that “this reflects the belief the placees have in the company's growth plans”. Bero SCA, a company linked to the de Rothschild family, has taken placing shares to maintain its 13.17% shareholding and Miton UK Microcap Trust, a London Main Market-listed company led by respected fund manager Gervais Williams, has taken most of the rest – almost 80% of the placing. With the placing representing a 14.3% increase in Distil's issued share capital, this means a 10% shareholding in the company for Miton UK Microcap Trust. This follows us having tipped shares in Distil at a 0.9p offer price just under a year ago, noting operational gearing and asset value potential though that the liquid balance sheet backing was not vast. The new funds should thus help further release the potential and build on the progress of October-announced interim results. Still only capitalised at circa £5 million and considering also the brand value backing, we continue to initially target a 1.4p+ share price here and, at up to 1.05p currently, our stance remains buy.