Member Info for sam4224

I'm afraid over the last few months I have been steadily selling as I got more and more frustrated with Burt and the Directors. However, my final sale of a paltry 50,000 was done early this morning. I have never had a share that I was so optimistic about that has been so disappointing .

Do let me know if you hear anything please

I dont know what all the fuss is about. On the webpage they kindly list the number of bottles sold..... as of Dec 2021 . Their USA page still lists the Head of USA sales who has left and has not been updated. .Two and a half years ago I signed up for regular updates from the company and to date have received ..... none. Lastly most company's these days, even on aim, list reporting dates. On East Imperials.... none. This abysmal level of information has been repeatedly criticized not least by the investment bankers who handled the float. Result... no change. So I agree . Room for a huge improvement. Quite frankly the share price will get a bounce on results before falling back. I am out out out

Strongly tipped in todays Money Mail. Won't hurt

Hi Mike, thanks for numbers.I personally think it looks good for Friday. Re the dividend, I recall at the agm the CEO was asked if he regretted issuing the special dividend in the light of the grindrod deal. Hindsight wonderful of course. However, his reply was that it was important to the company to see shareholders rewarded. Later in the meeting said one of the ways in which the share price would rise would be by filing regular accounts with no surprises given its a young company. As a result, I personally think they will move heaven and earth to avoid cutting the dividend. I certainly look forward to an update on the acquisition. I would like to see Grindrod de registered on the indexes as soon as possible so the size of the new company is quite clear to all..... and a revised valuation ! Fingers crossed for Friday

Hi Mike, good points all. The company page pleasingly, unlike a couple of companies I invest in, lists all the financial dates so hopefully they will stick to the 27th January. I recall Ed in the last web cam saying they were going for some longer charters so hopefully this will insure against the recent fall and they will end as rates start to rise. Also hopefully Grindrod will have undertaken the same strategy to some extent. In writing this I realise this is the optimistic stance and I have a slight smile as on another board I am being accused of being a pessimist. The joys of investing. If only we had the inside track....... but then we would probably be inside !

Hi Dave, I greatly admire your patience but as one who falls into the 'moany menies' camp I thought I would try and add some balance re patience.
1. The company started in 2012
2. At the agm June 2022 it was said by the CEO that USA production was on track for a third quarter 2022 start as a company had already been found. Production according to the research note is now 'targeted' for second quarter 2023.
3. Again at the agm June 2022, and with the 'coming soon to the UK' on its webpage, it was announced by the CEO that they viewed the UK as a hotly contested market and would want to bed in USA Production and learn the lessons from it. before entering the UK market. That would put a UK launch somewhere in 2024 with production 2025 based on start dates in the USA.
4. The CEO accepted criticism from investment bankers present that in places the webpage such as UK was misleading and not up to date. As of yesterday Head of USA sales is still listed as the gentleman who has left.

I am all for patience and this company may in time come true. Unfortunately I am in my 66 year and this company has indeed tested my patience.

I am wanting to buy more to average out but timing of course is everything. As I hold mine in dollars and the pound has risen quite markedly against the dollar am tempted but will probably await the update next Friday.

I have been monitoring closely and today found a new source for info. Namely trade winds news . Probably everyone knows it and I've just found it late. However, whilst it notes the index drop it is reporting that many commentators consider their is likely to be a recovery in March not least as China opens up and it targeting growth. As a result USA companies similar to Taylor have seen there share prices rise. Clearly not the case with Taylor and I am sitting on a healthy loss. However, I yesterday reviewed the board composition of a number of the companies I hold and do have faith with this company board. So fingers crossed dividend maintained and index recovery. Having issued a special dividend last year it would certainly not look good if the next year they had to reduce or pull the dividend. ps Also an article that India is tightening up on age and condition of ships it will flag or allow to dock so hopefully ship availability will continue to be constrained, due to this and esg regulations where we seem to be at the forefront which is what you would expect of a 'younger' board.

Many thanks for your input Roger. I have been thinking long and hard and concluded the following. The share price has collapsed and during this relentless fall their has not been a single director buy. This shows a chronic lack of confidence by the board in the company in my book. At the agm I got the clear impression East Imperial board was a one man band supported by a new CFO . Do I have confidence in Burt and the board. No. I have therefore decided I will sell half of my stock ,50,000 , but 'probably 'keep 50,000 for old times sake. At one stage I had over a million but have kept selling as it has fallen. Just as well really as would have been sitting on a much bigger loss. I find it bitterly disappointing but for me I must have confidence in a board. A personal decision and I thank everyone for their thoughts and wish good fortune to all

Hi, many thanks for your considered reply which was very much appreciated. I got the figures from the various rsns issued. I also personally think a cash raise will be necessary. To set up the USA operation will not have been cheap and the departure of the head of USA sales would have required a fairly quick response I think. They used part of the raise to produce stock ready for the USA market so far from easy to say exactly what the cash burn is. I think the figures though will need to show a growth on steroids to calm a lot of concerned nerves. I am just not sure that I have continued faith in the CEO. Have gone from holding over a million shares down to 100,000 and am thinking of reducing that to a token 50,000. Unfortunately I have found this share very frustrating as yes it is a fairly new company but equally it is not as young as it used to be !

I have been trying to do a rough calculation of cash burn based on published figures. I am first to admit this is not my strongest suit so please be kind. I would ,however greatly value any comments, particularly if I have got something glaringly wrong ! I took next cash figures, taking into account the raise, then divided the reduction by the number of months. This gave me the following calculation.

January to March 2022 - 3.4 cash to 2.2 . cash burn .4 a month over 3 months

March 22 to Sept 2022 - 2.2 cash to 1.563 . cash burn .106 a month over 6 months

I therefore calculate they will have approx the following left based on differing cash burn per month

£1.139 if at .106 a month
£0.750 if at .2 a month
£0.350 if at .3 a month

I am trying to work out the likelihood of them requiring more money as at this depressed share price I think this a tough ask. I don't want to sell my final few but am not interested if it ends up with a share dilution.

Thanks Cacher

Is this not great news for the company and when the results come, or am i reading this incorrectly ?

Good size buy by interim Chairman

Good size buy by interim chairman.

RNS confirms above have sold approx 16 million shares. They hold a remaining 33 million. Lets hope they hold them. Should be easy to spot as they have sold into any signs of strength

Confirmed by company, bottling will now definitely take place in USA. Apologies but CEO at agm had said the opposite. Clearly local bottling the common sense route. Hopefully to start soon

On ADVFN a chap is saying they have sold 15 million and still have 33 million to sell. I have asked him where he has got this information from

Their 2023 tip in yesterdays Quester column