Chapel Down Share Discussion Threads

[castleford tiger] 25/11/2022 18:38

£184k of cash to double his holding.

confident!

[faz] 14/11/2022 15:30

Fair investment for me, but I expect the next three to five year to be very good for Chapel, as foreign markets begin to understand the quality of the Uk produce.

[bigbigdave] 17/10/2022 07:27

EPIC: CDGP

Harvest update

Chapel Down, England's leading and largest winemaker, is pleased to provide an update on its 2022 harvest.

Favourable growing conditions have enabled the delivery of both an exceptional grape quality and yield. Across its 750 acres already under vine, the Company has delivered a record tonnage of its key sparkling wine grapes, Chardonnay, Pinot Noir and Pinot Meunier, as part of a total harvest of over 2,000 tonnes. This compares favourably with last year's, weather affected, harvest of ~1,400 tonnes. This year's harvest is expected to enable the production of approximately 2 million bottles of high-quality sparkling and still wines.

Chapel Down's harvest started at the end of August and has provided an excellent yield, as a result of a long, warm summer coupled with the outstanding terroir of Chapel Down's vineyards and world class viticulture team. The Company's recent investment to extend the winery at Tenterden in Kent will enable the Company to efficiently process the harvest, underpinning greater volumes of sparkling and still wines in 2023 as well as increased stocks of traditional method sparkling wines from 2025.

Chapel Down continues to expand its capacity, to capitalise on the growing English Sparkling wine market, which grew by 29% in 20211. The Company has planted 38 additional acres of vines this year, and expects to plant a further 118 acres in the near-term, meaning the Company will exceed 900 acres by the summer of 2023. The Company continues to look at investments to drive capacity to support its longer-term growth ambitions and, amongst other initiatives, is in active discussions to source new, high quality land for further vineyard plantings.

Andrew Carter, Chief Executive at Chapel Down Group, said: "This exceptional harvest has been achieved thanks to the skill and dedication of our talented team. English wine is enjoying rapid growth as producers like Chapel Down benefit from optimal conditions and sustained investment. Our strong performance in the first half of the year and the bumper harvest we have announced today leave Chapel Down well on track to meet our target to double the size of the business by 2026."

Josh Donaghay-Spire, Chief Winemaker & Operations Director, said: "Early indications were that this harvest would be a strong one and it has not disappointed either on yield or quality. We expect the earlier harvest to result in a riper style of wine akin to that found in the successful 2018 or 2020 vintages, and we are excited to learn what we can achieve with this year's crop.

"Over the last fifty years we have found our feet as a wine region, with England consistently producing world-class wine that wins trophies at international competitions and receives acclaim across the globe. There is now huge potential to build upon the great assets of our climate and exceptional geology and discover how truly great English Wine can be. We are optimistic that this harvest could be the best yet."

[robsy2] 11/10/2022 09:28

!FOLLOWFEED
hxxps://www.chapeldown.com

I am not recommending it as such but I am looking at it.


as at 11.10.22
Briefly: new senior management team , seem good and are experienced, got rid of beer and cider businesses, focus is on sparkling wine , company 20 years old now and #1 in the UK , UK wine is seen as cool, most people surveyed prefer their wines to Champagne, 750 acres now , rising to 900 acres by 2024, new winery in Kent at the planning approval stage. good shareholder perks , 33% discount on wines, Net asset value of the company is around 20p a share , the share price is just over 23p now , so tremendous asset backing because the land , vines buildings are all valued at historic cost. So the business is free! share price very low at present .plans to double the business over the next 5 years and without the need for external financing, , no problems getting the harvest in , indications are that the 2022 harvest is good for volume and quality, new processing capacity is there to deal with 2500 tonnes of grapes , enough to double the business and more . 2022 trading in line with expectations, with good sales growth and good margins and the expansion is do-able with no need for additional finance.
This is a company worth keeping an eye on.