Blavod Wines Share Discussion Threads

[2prsimo] 25/1/2014 10:16

Hi Guys

Just returned from a week's break to Spain - we were staying not far from Alicante itself. We did some shopping at Carrefour in San Juan (which is between Alicante and Benidorm). I obviously made a bee-line over to the spirits section to conduct some "market research". And there sure enough in the gin section was Blackwoods - 7 bottles left on the shelf. They were the same size as the bottles back here (70cl) and priced at 26 euros and 30c each.

[berny3] 25/1/2014 04:37

Somebody earlier said they had spoken to the company and a release will be in the next few weeks or so. DG appears to be being more transparent with shareholders and gladly providing more frequent updates. To me that is positive and encouraging.

Would be good to know if we have a good distribution arrangement in the USA in the pipeline too.

[petersinthemarket] 24/1/2014 23:59

I'm a bit puzzled by BES reporting. Yr end is 31 march and finals have been around 5mths later about 4sept. Half yr is about 30 Sept with interims about 2mths later around 4nov. In 2012 and 2013 we had several trading updates in sept.

In short, we have tended to get info only in sept and nov. With expectations rather hi it would be great to get something much earlier this yr perhaps to report xmas trading.

If this doesn't happen then we have a very long wait indeed for any hard news.

Maybe I've missed something but I can't see what it is. Anyone else expecting news earlier than autumn 2014?
pete

[glennborthwick] 24/1/2014 23:22

done that just now but no answer yet. USa was mentioned re blackwoods. I can really see this time next year all brands being in Spain, USA and Uk so three big markets

[sueyou1] 24/1/2014 23:09

glennborthwick, looking at Canada but no mention of USA, I guess because it's already in the pipeline ;-)

How about you ask them on Twitter about USA? (I don't do Twittering)

[glennborthwick] 24/1/2014 21:51

twitter official feeds from company. can only see a good year hear

[bigfrocks] 24/1/2014 21:10

Wheres this sorced from glen?

[glennborthwick] 24/1/2014 19:37

RedLeg Rum ‏@RedLegRum 9h
@perwin74 We are currently looking at distribution in Canada! Hoping to be out there by the end of the year.
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[petersinthemarket] 24/1/2014 10:20

SP pretty much on the support line now, should be time for a new rise. GL. pete

[glennborthwick] 23/1/2014 23:05

looks like weve got a us deal for the summer;

Kieron Barrett ‏@thirsty_weasel Jan 22
@BlackwoodsGin is your gin available in US?
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Blackwoods Gin ‏@BlackwoodsGin 13h
@thirsty_weasel It will be by this summer!
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1:26 AM - 23 Jan 2014 · Details

[sjc] 23/1/2014 14:53

Because of limited space only large stores are used for trials.

[dangreen86] 23/1/2014 14:16

Just checked the Tesco store in Canary Wharf, they do not stock it, but as there are over 3000 Tesco stores, most of them do not still. This is a largish Tesco Express store though and 7 Gins on the shelf, including the own brand and Gordons, Hendrick's etc. I am a holder here and I realize how difficult it is to launch new drinks and to build a brand. It will take time and money. Patience is required and company seems to be moving in the right direction. Looking forward to the trading update and seeing how many Redleg and Blackwoods have been sold.

Does anyone have any examples of new alcoholic drinks being launched by small companies that have been successful in recent years?

[gymratt] 23/1/2014 12:35

Higher lows and higher highs - lovely 'up channel' IMV.

[sjc] 23/1/2014 12:18

Have spoken to Co. today trade update after Dec figures are completed, about 2 wks time.The initial order to each Tesco 2 cases of 6 bottles. My local store in Colchester has 3 btls left in stock but nothing on automatic order system.No info on sales.Any poster fancy contacting local stores to help fill the picture.

[gymratt] 23/1/2014 12:17

Added another 1k's worth. Not showing yet (56179 @ 1.75p)

[cockneyrebel] 23/1/2014 12:16

A couple of trendlines this could bounce off here imo:

[glennborthwick] 17/1/2014 07:54

Dont think about selling any BES but if you like a turnaround story like i do check out Essenden ESS. The recent trading statement was great. On a forward PEof just 4 and results in March

[berny3] 17/1/2014 07:11

Lanzo it also comes down to payment terms Supermarkets operate on at best 3 month payment terms. that is a big cash flow gap to fill. Hence expensive debt factoring. selling now payment terms have been passed over to the distributor (I assume) improves margins and cash flows a lot. Big changes over the last 12 months. results are key and that is what we need to see to make an informed judgement. one thing for sure we are dealing with a different company now and I imagine the value is still being undervalued in the market.

[sueyou1] 16/1/2014 20:40

Scott, the Rum is the double gold medal winner so that has to be the one to buy next.

[lanzarote666] 16/1/2014 19:57

Remember that since the September 2013 results there has been a placing that raised £571k to fund some of the growth.

A comparison between 2010 and 2013 results may provide some answers on the working capital requirements.

In 2010 sales were £8.32m. Stock and Debtors £2.44m less Creditors £0.97m = £1.47m working capital requirement.

In 2013 sales were £3.79m. Stock and Debtors £0.99m less Creditors £0.43m = £0.56m working capital requirement.

So does this suggest that if they are going to double sales they will need £1.0m to buy the stock and fund the debtors? Or does the 'finance facility' provide the money that they will need?

I do recognise that selling their own brands comes with higher margins and they would have retained some of the cash from these higher profits. The pace of the growth is the answer.

It does highlight that if sales take off massively, they may have to return to the market, but isn't that what AIM is all about? And if they do raise some more cash, then I would take that as a sign that this business is heading in the right direction and scalability is there on the back of the demand.

[salonie] 16/1/2014 19:15

Not much debt waterloo extract from the latest trading update :

Consolidated interim balance As at As at As at
sheet 30 September 30 September 31 March
2013 2012 2013
Un-audited Un-audited Audited
GBP,000 GBP,000 GBP,000
ASSETS
Non current assets
Property, plant and equipment 13 22 17
Intangible fixed assets 1,482 1,410 1,418
-------------- -------------- ----------
Total non current assets 1,495 1,432 1,435

Current assets
Inventories 120 196 361
Trade and other receivables 419 1,119 628
Cash and cash equivalents 53 - 60
-------------- -------------- ----------
Total current assets 592 1,315 1,049
-------------- -------------- ----------
Total assets 2,087 2,747 2,484
-------------- -------------- ----------

LIABILITIES
Non current liabilities
Borrowings - (390) -
-------------- -------------- ----------
Total non current liabilities - (390) -

Current liabilities
Bank and other borrowings - (19) -
Trade and other payables (357) (1,221) (428)
Finance facility liability (162) (689) (259)
-------------- -------------- ----------
Total current liabilities (519) (1,929) (687)
-------------- -------------- ----------
Total liabilities (519) (2,319) (687)
-------------- -------------- ----------

Net Assets 1,568 428 1,797
-------------- -------------- ----------

[waterloo01] 16/1/2014 18:50

charaxes1 many thanks for the straight reply. It would be nice if that was clearer as it makes it easier to assess the risks/rewards.

[charaxes1] 16/1/2014 18:36

Waterloo01, I am not sure the information we currently have available is of any real use. Much has happened over the last 12 months. Once we have the Christmas trading update we might be able to make some educated guesses. I invested because of the track record of DG together with the success in the US gold Medal Awards. My one concern, as orders come in, and the company ramps up its production that it will be constrained by working capital limitations. The company has been making very positive noises that it will become profitable in early 2014. Cheers.

[waterloo01] 16/1/2014 08:16

New to this share. What's the debt and cash flow situation? Thanks

[sexyrexy1] 16/1/2014 07:33

That will be fantastic Dante.I like the potential of this company.BES can only grow.I cannot see any down side.Nice to be in a pretty safe company that can only blossom over time not one where you are nervous it could go down in a short space of time.