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Cannot get access to the full article because it is behind a paywall but can make out what looks to be a quote from the company:
"We are only a couple of weeks into the new year but we've got a real sense of momentum......"
Surely any upcoming trading statement from East Imperial is going to be positive!?
https://insidefmcg.com.au/2023/02/01/why-premium-new-zealand-tonic-brand-east-imperial-is-taking-off-in-asia/
Article from today. Does anyone have access?
I do not understand this need and obsession with updates from the company and news flow. The company has put out its forecasts via the WH Ireland note. The forecasts are:
2022 Revenues: £3.1m
2023 Revenues: £5.9m
2024 Revenues: £15.4m
The distribution deals are in place for the most important markets in the world (US and China). Now management need to focus all their energy on hitting those targets. Not doing interviews. Not putting out endless press releases about the minutiae of the business. Just delivering on those 3 numbers. If they get close to making those targets the share price will soar from current levels.
Commenting on today's purchase of Filipino rum brand Don Papa by drinks giant Diageo, Simon Hales, analyst at Citi, said: “The super-premium rum category has been highlighted by many industry observers as the next exciting growth category in spirits".
Late last year drinks giant Brown-Forman bought super premium Venezuelan rum brand Diplomático.
Surely super premium spirits need super premium mixers!?
For some context to my earlier post - here are Fevertree's historic revenue figures from back when it was starting out. These show that the forecasts in the WH Ireland note are achievable:
2010: £6.6m
2011: £11.8m
2012: £16.2m
Keep in mind Fevertree only expanded into the US in 2013! East Imperial is already in the US with the second biggest distributor in the country and a local bottling set up.
The CEO and management need to focus on growing the business and meeting the forecasts they have issued to the market via the WH Ireland note published on 16 Nov 2022. If they meet the following 3 numbers the shares will soar irrespective of what Taylor Partners do. The 3 numbers they need to meet are:
2022 Revenues: £3.1m
2023 Revenues: £5.9m
2024 Revenues: 15.4m
If they come anywhere close to meeting these forecasts the shares will soar. By multiples of the current share price. I remind people that even with COVID the company was able to achieve growth.
2020A Revenues: £1.7m
2021A Revenues: £2.8m
There is fundamental value to this company which now operates totally internationally thanks to the deals in China and US. Look how much Coca-Cola paid last summer for a company which was mostly focused on Greece!
https://www.esmmagazine.com/a-brands/coca-cola-hbc-to-acquire-super-premium-mixers-brand-three-cents-205249