Beacon Rise Share Discussion Threads

[pingers] 06/2/2001 11:55

Another 2p today. Has anyone got any idea what is moving this share? I have held these for a while now and am very happy with returns so far. I just am wondering when we are likely to reach a peak so that I can crystalise my gains.

[stuart70] 31/1/2001 11:20

RNS Number:0188Y
Burn Stewart Distillers PLC
30 January 2001



30 January 2001


BURN STEWART SIGNS UP KOREAN BRAND OWNER

Burn StewartDistillers PLC announces today that it has entered into a ten
year exclusive whisky supply agreement with the owners of one of South Korea's
fast emerging Scotch brands. The brand is called 'Scotch Blue' and is owned
and locally bottled by Lotte Chilsung Beverage Co. They are part of the Lotte
Group, the fifth largest conglomerate in Korea with widespread interests
including hotels, department stores and duty free shops. Scotch Blue has
rapidly achieved a share of around 7% (representing about 150,000 9-litre
cases) of the South Korean market. Bottled in Korea brands have dominated
this market for over 25 years. The Scotch Blue range presently consists of
Scotch Blue International - a premium blend and Scotch Blue 21 Year Old - a
super deluxe blend.

Having made a remarkable recoveryfrom the 1998 Asian financial crisis, South
Korea is seen as an exceptional market for Scotch. Lotte is predicting strong
growth in all categories over the next few years as the South Korean Scotch
market grows, as predicted, and as Lotte achieves greater market penetration.
The agreement with Burn Stewart covers the blending and supply of all Scotch
requirements for the brand over the next ten years with an option to break
after five years. It is a sole and exclusive deal.

Commenting on the announcement, Billy Walker, MD-Operations, said 'Lotte and
Burn Stewart have enjoyed a special relationship over many years. Having
recognised the opportunity for Scotch Blue and having put substantial
resources behind the brand, Lotte require the level of attention to quality
and service at whichBurn Stewart excels. As partners, we are a natural fit'.

Ian Bankier, Group Managing Director of Burn Stewart, said 'For us, this is
large scale brand orientated business, which we have the necessary investment
in maturing inventories and the specialist expertise to satisfy. It is also
consistent with our strategy of concentrating the business on opportunities
that are capable of producing quality earnings. The contract is long term so
as to give both parties assurance that the best investment decisions will be
made and it represents an important part of our plan to build value for the
shareholders in the future'.

Burn Stewart is expecting to issue its interim statement on trading for the
period of six months to 31st December 2000 on 7th March 2001.

Burn Stewart further announce thatKorean national, Sung Oh, has joined their
Export Sales team. Sung Oh (aged 39) will work on developing sales of the
Company's brands, especially Scottish Leader, in the Asia - Pacific region..
He will also play a role in the management of the relationship with Lotte
Chilsung Beverage Co. Until the Allied Domecq take-over, Sung Oh worked for
Jinro, owners of South Korea's leading Scotch brand, Imperial Classic. Sung
Oh has lived and worked in Scotland for five years where he managed Jinro's
joint venture arrangements with other Scotch whisky suppliers. Commenting on
the appointment, BillyWalker said 'Sung has extensive experience of the sale
and marketing of Scotch whisky, not only in South Korea, but also in many
other Asian markets. He will be very helpful as we continue to develop our
relationship with Lotte Chilsung, and he will play an important part in
expanding sales of our flagship brand, Scottish Leader'.


For further information, please contact:

Ian Bankier, Group Managing Director, Burn Stewart Distillers PLC :
01355 260999

Susan Frost, Beattie Financial : 0207 398 3300

END

[stuart70] 31/1/2001 10:59

Keep a close eye on this little beauty!

[capitalist] 16/10/2000 22:00

Is that a pennant thingy I see forming before me?


After some juicy Director dealings can't be too bad.
C

[denisonjd] 15/6/2000 18:51

buy of 216,000 today before trading ended could mean something is in the air!

[denisonjd] 08/6/2000 13:43

I have heard a whisper of an imminent takeover....of course i have also been known to hear voices in my sleep...IMHO something big is in the pipeline, not much downside at these prices....

[popeye] 08/6/2000 12:41

Lets hope that the Directors know something

[thoroughbred] 08/6/2000 10:32

It appears that Burn Stewart Distillers are on the move. A lot of buying transactions today with nobody appearing to sell. Any idea's why or are people just following the directors who recently purchased shares?

Jim

[derek wild] 30/3/2000 07:35

ADVFN NewsWire (08:31) - Burn Stewart has appointed Fred Shedden, 55, as a non-executive director. Mr. Shedden has spent his entire career with solicitors McGrigor Donald where he has been senior partner since 1992. He is also a non-executive director of The Scottish Metropolitan Property Plc, Martin Currie Japan Investment Trust Plc and Iomart Plc.

Bill Thornton, chairman of Burn Stewart, said: "I am very pleased to welcome Fred as a non-executive director. He has a formidable reputation as a corporate lawyer and adviser and will provide excellent support to the board as we continue to grow and develop our
business."






dw

[aquila] 15/9/1999 13:03

i'd be tempted by any profit in the circs, sector will react to DGE results tommorow methinks, see dge up today after a slide. A.

[bullshare] 14/9/1999 16:53

Just sat tight. But have a stop in place in case it goes back much. Bullie

[sands] 14/9/1999 15:59

->Bullshare Are you continuing to hold this one. The takeover didn't produce the rash of me too rises I looked for. I am in but debating whether to cut small loss now or hang in for the longer term Martin

[aquila] 10/9/1999 10:14

SANDS - see other thread, Edrington and William Grant have bought Highland. Hope it's good for you. A.

[sands] 10/9/1999 10:07

If there is an announcement it should be good for this stock too. Except Angostura have just taken a stake so they would be the obvious candidate and that doesn't seem likely or presumably it would have happened. Or someone takes them out at a premium to 45p. 8

[aquila] 10/9/1999 09:45

More consolidation to come in the whisky industry. Press speculation on Edringtons taking Highland private in todays Scotsman, announcement possible today. Burn Stewart may be a traders stock but not for buy'n'holders, or so it seems to me. Having said that they might get swallowed. A.

[bullshare] 10/9/1999 07:50

Actually long from 2 days ago and now scratching my head. Have a stop in place, but at 45p... well! M

[sands] 10/9/1999 07:46

Are you short or long on these. I have a modest holding bought early yesterday at 26p because I thought a bid may be on its way. Given the premium for Angostura I am a little surprised at the drop but suspect (my word for hope) it may be a little fright at the drop. But I'm not bitters:)

[bullshare] 10/9/1999 07:14

Ah ha. More news today. The placing at 45p is a good premium to the current 27p. Burn Stewart Distillers PLC said it is to raise 2.7 mln stg through an issue of 5.93 mln new shares to Angostura Ltd at 45 pence each and to establish trading relationships with both Angostura and Todhunter International Inc, in which Angostura has a 30 pct stake. "The mutual intention is that Burn Stewart will have better prospects of establishing its brands in the North American and Caribbean markets and that Angostura and Todhunter will have the opportunity to access distribution networks around the world", said Burn Stewart. The subscription price of 45 pence per share represents a premium of 83.7 pct to the closing middle market price on September 8. On that date, Angostura purchased a further 5.93 mln shares from NV Koninklikjke Distilleerderrijen Erven Lucas Bols, representing 9.99 pct stake in Burn Stewart. Angostura's stake in Burn Stewart will therefore be 18.8 pct, or 11.86 mln shares. Angostura is a member of the CL Group of companies. Burn Stewart also reported results for the year to end-June 1999, posting reduced pretax losses, down from 8.0 mln stg to 7.1 mln. Operating losses were cut to 4.6 mln stg from 3.0 mln on turnover of 29.7 mln stg, down from 41.5 mln. Loss per share was 11.49 pence, against 9.26. The company said that although it has not yet returned to profitability, it has necessary change and now has the basis on which to build future profitability.

[bullshare] 09/9/1999 18:44

Lots of buying in the last month or so from Directors and institutions( except Pru. sale). The last purchase was from Bols, but still more buying and demand going on here . Mms on their toes. BURN STEWART DISTILLERS PLC DEALINGS BY SUBSTANTIAL SHAREHOLDERS 1) NAME OF COMPANY BURN STEWART DISTILLERS PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST ANGOSTURA LIMITED 3) Please state whether notification indicates that it is in respect of holding of the Shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 AS STATED IN NO. 2 ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. ANGOSTURA LIMITED 5) Number of shares/amount of stock acquired. 5,930,000 6) (9.999%) of issued Class 7) Number of shares/amount of stock disposed N/A 8) ( N/A %) of issued Class 9) Class of security ORDINARY SHARES OF 10p EACH 10) Date of transaction 6 SEPTEMBER 1999 11) Date company informed LETTER DATED 6 SEPTEMBER 1999 RECEIVED 8 SEPTEMBER 1999 12) Total holding following this notification 5,930,000 13) Total percentage holding of issued class following this notification 9.999% 14) Any additional information ANGOSTURA LIMITED IS A COMPANY REGISTERED AND OPERATING IN TRINIDAD AND TOBAGO. THEY ACQUIRED THE SHARES STATED IN NO. 5 ABOVE FROM NV KONINKLIJKE DISTILLEERDERIJEN ERVEN LUCAS BOLS. 15) Name of contact and telephone number for queries KAREN BARBOUR ASSISTANT COMPANY SECRETARY TEL: [phone]) Name and signature of authorised company official responsible for making this notification Date of Notification......9 SEPTEMBER 1999.. Others: 3/9/99 MERVAS GLOBAL HOLDINGS LIMITED stock acquired. 1,000,000 27/8/99 MERVAS GLOBAL HOLDINGS LIMITED stock acquired. 500,000 23/8/99 PRUDENTIAL CORPORATION GROUP OF COMPANIES sold 1,250,000 24/6/99 Director: SIMON CHARLES GOWER MURPHY stock acquired 300,000