Beacon Rise Share Discussion Threads

[scraptoft] 22/4/2002 11:50

SLL, I only hope so.

[sll] 21/4/2002 21:28

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

[stuart70] 21/4/2002 19:35

Tipped in Today's Express.

[hybrasil] 18/4/2002 19:06

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 16:40

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 22:49

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 22:25

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] 25/6/2001 00:15

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 16:24

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 10:05

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

[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