Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I can only imagine it's because of the delay in US approval of Redleg. It is an excellent RNS nonetheless though, really impressive stuff by the team. Revenue growth will accelerate again with Redleg and Blackwoods being available in Tesco over the Christmas period. Breakeven is fast approaching and when it does this share will reflect a more realistic value.
Some very nice figures here; revenues up by 89%; 95% increase in gross profit; high levels in inventories and high cash levels despite the 100% increase in marketing. The supermarket listing must be Tesco, I noticed them stocking Redleg yesterday. All round very impressive set of results and breakeven just around the corner.
I won't be putting too much importance on the Amazon best sellers list, good or bad. It changes frequently and I don't know anyone who orders alcohol from Amazon, I would imagine it caters for a very niche market of premium spirits more than anything else.
I think considering all the hype and build up this morning people were hoping for something ground-breaking. Looking at this in isolation it'sactually a very positive RNS. Still doesn't fee as though the upcoming US approval of Redleg is priced in.
Sipping is quite a surprise. You can actually quite comfortable sip RedLeg. The Vanilla and sugar added to the rum definitely smooth out the rough edges of the 3 year old blend. A 3 year old Appleton would certainly be a less pleasant sipping experience without these additions. It isn’t as sweet as I had expected and the rum still displays a lot of its rummy character. Appleton Estate rums are quite refined by Jamaican standards and this certainly shows that. As a sipper its smooth and easy going enough to slide down nicely but surprisingly rummy enough to satisfy a seasoned rum drinker. It’s not quite as spicy as I had hoped – the Ginger is quite subtle in the mix. I’m actually quite shocked at how much I have actually enjoyed sipping a Spiced Rum. Not because I haven’t had some very good Spiced Rum in the past but because this one is infused with Vanilla. I have nothing against Vanilla flavour but it does seem to have been used in the extreme in several of my worst Spiced Rum experiences. Some have noted that RedLeg tastes like the old UK recipe Sailor Jerry. To be honest it actually reminds me very much of the current Sailor Jerry. It’s certainly a million miles from Old J which is supposed to re-create the old formula Sailor Jerry. As part of the promotional material Tom sent me were a few cocktails. Being a lazy bastard I’m pleased to see that a simple Cuba Libre has been re-named to a RedLeg Libre. Easy Peasy to make so lets give it a whirl. Red Leg Spiced Rum Review by the fat rum pirateIt’s good it makes a pretty nice, if a tiny bit too sweet mixed drink. The Vanilla is dominant but it never becomes too much or cloying. It’s sweet but not sickly sweet. The Ginger comes alive a little bit more and along with some of the other spices it does offer a little kick to the drink. Personally I would have enjoyed the RedLeg with a little more fiery Ginger in the blend and a little less of the Vanilla. That is just preference though. In terms of sales I’m confident most people whom these Spiced Rums are aimed at would disagree! This is pretty well balanced. At the pricepoint of £20 I can only think of Foursquare, Pusser’s Spiced and Sailor Jerry as alternatives. In terms of availability I certainly wouldn’t go out of my way to get the others over this. This has got a solid rum base and has been authentically spiced or infused. It even works surprisingly well as a sipper or over ice! I doubt this will be my last bottle this is very easy drinking.
In 2012 following the loss of the rights for Cockspur Rum back in 2010, Blavod Wines and Spirits introduced a new spiced rum to the market – Red Leg Spiced Rum. Please note at this stage the official way to title this rum is to keep the Red and the Leg together (But with the L still capitalised) – RedLeg. However for purposes of people searching the web for this I figured it best to keep it separate on the title etc. In the UK the rum is bottled for the RedLeg Rum Company Ltd and is part of the Hi Spirits Group. Who as you can see from the link have quite a few unit shifters and recognisable brands in their portfolio. RedLeg has been available online and in more specialist retailers for some time but recently it began to be stocked in Sainsbury’s Supermarkets To be fair to Sainsbury’s they have arguably the most impressive selection of rums of all the major Supermarkets. Even if they are mainly mixers. As part of this release RedLeg was available briefly for £17 a bottle. Always on the look out for new rum to review I quickly picked up a bottle. The rum usually retails at £19 in Sainsburys. The presentation of the RedLeg and creates a very strong brand identity. The website is also attractive and user friendly. The Red Leg is actually a small algae loving crab which is commonly found in the Caribbean and is prominent on the front of the bottle in its shell. I like the hand drawn effect on the bottle and the slightly messy appearance. The stubby bottle also gets the thumbs up from me and for a rum under £20 and a Spiced one at that you will also be surprised to find a synthetic cork enclosure. Whilst the website is fun it didn’t give me all the information I know some of you will want. So I fired off an email to Tom Hodgkiss at Hi Spirits and he very kindly sent me some Press Release and promotional material. More importantly he also answered the two questions I had posed 1. What are the base rums in the blend and how old are they? It’s a 3 year old blend that we get from the Caribbean, most of it comes from the Appleton Estate (Jamaica) but it’s a blend of a few different islands. 2. How is the rum spiced/infused? In terms of the infusion we use natural vanilla and ginger, no essence chemicals or anything like that. I couldn’t get all the information on the blend as they like to keep it a secret as they think it makes a pretty good base and don’t want copycats. Red Leg Spiced Rum Review by the fat rum pirateRight so that’s all the information done lets get on with the show and start reviewing this Spiced Rum. When poured in the glass RedLeg is actually quite a darkish brown colour. The nose is nice. It’s not cloying and you can definitely pick out the Vanilla and Ginger with little difficulty. The Vanilla is slightly more dominant and the sweetness of the vanilla definitely stands out. This is pretty sweet smelling stuff.
In the short term we expect news to arrive next week, going by last years calendar. There's a possibility of US Redleg approval and/or breakeven, either of these would see a jump in the share price with breakeven probably taking us to a new high and being sustainable. I actually don't believe either will arrive in the next set of news and tend to view breakeven/Redleg approval as bonuses. They WILL come, I'm sure of that but would be surprised if they came this month. I expect this update will show improved volumes and confirm that everything is on track for breakeven and Redleg approval later in the year. Either way I anticipate good news next week.
Cheers for the tip unvrkw - I'll be sure to look into it. The below Amazon performance figures are more impressive than I would've expected, although I'm not sure how many people actually buy mid-range alcohol from Amazon it's stil good to be near the top. I would imagine vodka sales would increase substantially in the colder months so that will be when Blavod's potential will be a bit clearer.
But what is it exactly that causes the share price to shift like this when the market is closed? I have absolutely no worries here. If the price opens below 0.7p I will just add to my holding. Looking at the statement below confirms my belief that when an update comes here, as I expect it to around the middle of September, the SP will jump considerably. If it's coupled with Redleg U.S. approval we will text the 1.6 barrier again.
I bought £1k worth today including the commission charge. I remember the Blackwood US approval causing about a 40% increase I think? I would expect similar from Redleg. Interesting thing about this share is that the U.S. approval of these products isn't priced in, even though the approval itself is as much of a certainty as you can get in AIM.
I thought the same thing regarding inside info, but seems like too much of a coincidence that this occurred on the same day as the China 'crisis' really took hold. Maybe just a PI panicking? I used this opportunity to lower my average slightly. We'll find out in a few weeks if that is a smart move or not.