Beacon Rise Share Discussion Threads

[bullshare] 23/4/2002 06:48

Burn Stewart Distillers PLC



The Board of Burn Stewart Distillers PLC announces that the Company has received
an approach which may or may not lead to an offer being made for the Company.
The Board, and its financial advisers Noble Grossart Limited, strongly advise
shareholders to take no action in respect of their shareholdings. The Board will
keep its shareholders informed of all significant developments.

[balcony] 22/4/2002 15:49

COULD ANYONE TELL ME WHAT THE EXPRESS TIP SAID THANKS

[scraptoft] 22/4/2002 10:50

SLL, I only hope so.

[sll] 21/4/2002 20:28

well, well, well! coming true at last..... for readers of this column!

[stuart70] 21/4/2002 18:35

Tipped in Today's Express.

[hybrasil] 18/4/2002 18:06

I did change my mind and bought a few shares today but not enough to achieve that reaction. Tomorrow will be interesting. I'm off to look at AWG and BWB

[skyship] 18/4/2002 15:40

So why today's move hybrasil? Incidentally, posted to you on post 18 on AWG. Forgot to mention BWB - increased activity today, but no move to this scale yet!

[hybrasil] 17/4/2002 21:49

I think your comments are sound. It does look like a company that is going somewhere. The only problem is when? This thread was started in september 1999 and the performance hasnt been exactly electric. I think you will probably see returns from now on in. I will dip my toe in but only when the price starts to lift

[sll] 15/4/2002 21:25

I can only assume that there is little to no interest out there! What a shame! Can't keep monopolising this thread! I'll away and let some malt mature.......

[sll] 04/3/2002 15:31

Well, if interested, you at least read it here before IC tipped the stock last week. Hope those interested in BRS 'got in' before the recent flurry. The climb may be slow but it promises to be worthwhile. Signing off now....

[sll] 26/2/2002 07:26

whoops - unfortunate typo, for 'sold trading stock' above please read 'solid trading stock'. thanks, S.

[sll] 25/2/2002 20:27

Brian - some salient points follow:
In my view - most may be bullish for the price in the medium term.

case volumes confirmed 12% up (latest interims)
steady and recent director buying - no selling that I can trace
evidence of long term position building by board and new group MD
long-standing director shareholdings and very solid loyalty to firm
canny business advisors and non-execs
especially - good legal brains 'on board'
strong business focus in this sector
very alive to overseas sales channels
sensible/tactical alliance with UK supermarkets
long range/strategic focus on brands - notably export & premium
strong far east channel in Korea
local expertise and partnerships in chosen territories
stated aspirations v China (the demand could be massive)
ops profit just shown as 55% up (economies of scale kicking in)
interest costs well down and capped on admittedly high but controlled borrowings
sold trading stock of some £51m (it takes time/money to mature good scotch)
NTAV to Market Capn of approx. 1.1 to 1.0
ie a discount to net assets of approx 9%!!
Revenue to Market Capn of approx. 2.4 to 1.0
Just gone (albeit by a tiny fraction) positive in terms of retained profit (this has been a stated aim for some time)
vast embedded expertise in the drinks industry
more than just 'scotch' in the product set
one of the few quoted independents left (must be a target at some point)
28+% owned by the group of which 'Angostura' is a member
no envisaged pension deficit fall out
thin market could produce price spike when MMs run short
recession proof product
share price chart support

Weighing up all of the above, this is one of the last shares I would part with this side of 12 year malt maturing.

Hope this helps, S.

[sll] 20/2/2002 12:03

dig deeper!

[sll] 20/2/2002 10:44

Brian - I will answer your points when I have a little more time to do justice to your interesting question. In essence, you are on the right track and I believe BRS is too. Will come back to you via this thread asap. Regards S.

[pegasus] 20/2/2002 01:05

SLL
Hi. Looking forward I firmly believe the whisky industry has a solid growth story. IMO demographics & consumption stats are in their favour. As you've kept this thread alive for some time & it's a small company, would you care to share some of your research or views on the fundamentals?

I'm intrigued, why you are yet to taste the product?

Brian
(DGE & GMGA drinker)

[scripophilist] 19/2/2002 09:46

I've heard that lots of brewers keep maturing stocks off their balance sheet using third part companies. Can anybody clarify if BRS do this?

Certainly from a fundamentals viewpoint the business looks unexciting but I haven't dug very deep.

[sll] 19/2/2002 09:31

This little stock is beginning to feel like a best kept secret........schhh!

[sll] 07/2/2002 19:53

Nice + movement today, perhaps I'll bring the tasting ceremony forward.

[sll] 30/1/2002 23:41

Not a lot of interest out there judging by the lack of response. I take that as evidence of a fairly thin market that could prove quite profitably volatile as the next results emerge. I hold and have yet to taste the product. When I do - expect a further comment.

[sll] 12/12/2001 21:59

Have been watching for a while, studying the track record, fundamentals and prospects and finally bought in today. Will hold long term. This has all the makings of a nice slow climb over up to 5 years (maybe sooner) to a price level around double (maybe more) today's fairly undemanding rating. Any views would be welcomed. No fireworks expected, although the forthcoming interims to Dec2001 should follow the steady positive trend towards profit and growth that has been a feature of the recent history. The net tangible asset cover v market cap is strong and the strong physical stock levels underpin the developing demand for their products, notably in the East. China, in due course, will be a massive market. Bid activity or MBO can't be ruled out, but I don't see that as a near term probability, rather the slow steady climb.....

[prince_pauper] 24/6/2001 23:15

our friends @ investtech have given a buy signal on this stock.
Hope I am not breaking any rules by revealing there comments.

Has risen 69% since the bottom on 20000824 at 17.50. Has broken the rising trend up, which indicates an even stronger rising rate. Has risen strongly since the buy signal from a inverse head and shoulders formation at the break through the resistance at 24.50. The objective at 28.25 is now met, but the formation still gives a signal in the same direction. RSI is, however, overbought, which indicates a potential short-term reaction down. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term.

gla

Lats

[s-onehundred] 24/6/2001 15:24

Most interesting!!
But absolutely nothing to do with the REASON for the rise.
As stated before, the reason for the rise and its relative strength is to be found in director purchases;general stock shortage; and the high probability of a takeover (or MBO) in September

[s-onehundred] 23/6/2001 09:05

The last 8 rns's have been directors adding to their holdings; this obviously has helped the recent price rises. However it is the strong possibility that in September Angostura (currently holding 29%) will make their full bid for the company that more than supports the current price and is in fact the reason for the directors purchases. Expect an offer of between 33 and 38

[pretorian] 12/2/2001 22:49

no idea what is moving this share-maybe the new agreement but could be one worth sitting back and let any investment mature along with the whisky.

[stuart70] 06/2/2001 16:21

pingers, up another 13% today looks like it's just me and you on this must be the 10 year exclusive whisky supply agreement with the owners of one of South Korea's fast emerging Scotch brands.
Just sit back, relax and reap the rewards.
Good Luck.
SMF