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it's good news as we build the brands and who better than than the current CEO considering his past success with Diageo. I think it's now a turning point for us going forth. Looking forward to the US market gobbling our brands.
This is leading us nicely towards results at the end of October by which time I expect us to have at the very least doubled recent highs. I'm looking for the statement on the US traction in October results and a forward looking statement that puts the meat on the bones here. With a market cap of only £6 mill this has got bags of room for multi bagging and believe me it will. 3p is cheap for this as that's approx redlegs worth on it's own and not considering our other brands. The company as a whole is way way undervalued and should be 4 times current price. It will come though and we will all make a killing from this little beauty.
Distil plc ("Distil" or the "Company") RedLeg and Blackwoods gin listed in major UK supermarket chain Distil plc ("the Group" or "Distil") (AIM: DIS), owner of premium drinks brands, is pleased to announce that another leading supermarket group has listed RedLeg Spiced Rum ("RedLeg") and Blackwoods Vintage Dry Gin for its stores throughout the UK and online. This follows the successful listings of RedLeg in April 2015, October 2015 and August 2016 by three major UK grocery chains. This latest listing further increases both brand's presence and availability in the UK. Don Goulding, Executive Chairman of Distil, said: "We are delighted RedLeg Spiced Rum and Blackwoods Vintage Dry Gin have been listed by another major UK supermarket chain, further enhancing awareness and availability of these popular brands which are growing in both the On trade and Off trade. We continue to make steady progress with our brands which are benefiting from increased marketing support"
It was approx £7k's worth but I get what you mean. A milestone or objective completed and was then granted their options so we could possibly be getting a RNS updating us on this milestone completed. One thing is it's a good sign that directors are meeting their targets.
woops, my bad lol I got ya now mate. Yes and the same for me, in no rush here as after all we are getting right in to the thick of the trading season again and even more so for DIS. The festive season is where we will fizz nicely!!!
you might be right about a bit early as that beginning of August I was in and yes that was early but not so sure now really. was my thoughts too but better early than late and we're only talking a few weeks in reality so are we even early at'all
Warming up indeed. Like I said, October is when the game begins here and we should see a steady rerate towards 3p as we approach the end of October and it's at that point I expect to see us double up or possibly even treble. goes. Once we get the 30 - 40 mill volume days we will see this really motor.
So what's all our brands worth in reality? ie what's the correct mcap for what we have here. I've said 6p should be doable and I still think it is but then even when you look at that it's still cheap in terms of Mcap considering redleg on it's own could easily be bought out for between £60 to £75 mill.