Chapel Down Share Discussion Threads

[luckymouse] 11/12/2023 14:42

What do the last three TUs say?
And is there a chart link showing price history? Both do yheres domething to hang your hat on

[nov31] 11/12/2023 14:12

In the long term I can see someone like DGE or one of the established champagne houses buying them out at a premium. The shares were 89p in 2019, fully funded growth plans so no risk of dilution

[faz] 11/12/2023 12:21

Given the quote of half a sentence I'd take this as something plucked from the H1 statement or earlier and not provided directly by AC for the article. The plan may well include funding or not- we dont yet know. But the vines are planted to meet the revenue target- funding imho would be for any additional operational costs with a quick ROI. I bought more last week.

[dicktrade] 11/12/2023 10:14

CT I am a bit confused, I was expecting a fund raise to fund the new development at Canterbury but i am now reading that Andrew Carter says the growth plan to 2026 is fully funded. If there is no needs for funds to 26 this is far far too cheap. Any ideas ?
TIA

[castleford tiger] 11/12/2023 08:50

Certainly moved the price.
What’s this company actually worth now?

[faz] 10/12/2023 13:09

Nice plug in the Sunday Times . Ian Cowie: "To be candid I am beginning to wish I had taken this business more seriously and may invest more. CDGP enjoyed a record 3,811-tonne grape harvest in 2023, 86 per cent above the year before, with first half pre-tax profits of £618,000 and chief executive Andrew Carter set out “a fully-funded plan to double the business by 2026.”"

[faz] 06/12/2023 10:01

I believe this is the last day on the AQSE exchange. We shall see whether there is more demand on AIM,; I am very unlikely to do anything other than watch. THe move is necessary to enable greater liquidity in the shares, and no doubt more flexibility in financing expansion.

[the big fella] 09/11/2023 12:11

Everything looking good re this years harvest and we are off to AIM. I will be down in tenterden in a few weeks taking advantage for their free shareholder tour and discount in the restaurant. I have also ordered a couple of cases of the sparkling rose for xmas - my wife’s favourite tipple. Todays rise has covered those and a few more 😃

[wiganpunter] 03/10/2023 10:40

I should add re the NAV comment from last weeks investor deck " the board continues to believe that the market value of the tangible assets is considerably higher than this UK GAAP reported value . " they reported them at £33m for H1 inc £15.5m of stock . they have 2.5m of bottling capacity / acreage is growing too over 1000 acres and the new Tenterden plant will be able to do 5-6m bottles . average selling price is £11 today .

[wiganpunter] 03/10/2023 09:48

hi everyone. CDGP has had a decent pullback post numbers which I think is based off small retail on acquis trying to get in front of what they think is a fundraiser as it moves to AIM. few reasons this I think is a great opportunity .
they confirmed they are on track to double the business to £28m net sales by 2028.
the nav is I think 30-0% understated on acquis. with 7-8 years stock , vines , land etc a fair value would be closer to 40-50p.
hambledon whicb is 1/5th of the size and loses money just got taken over at £23m quid which would put can implied ev of £100m on cdgp versus £65m today.
the management team is world class and aren't here to run a small firm - they have huge plans
key shareholders make the real float actually closer to 40% - any fund raise whilst moving to aim im not sure would even be open to existing retail . Michael Spencer is the largest shareholder and I suspect would fund this himself - note the funding is to add capacity.
the French / larger drinks brands are seeing English sparkling wine as a secular growth area given climate change is badly impacting the French growers - even taittinger recently bought a small area of Kent vines to try and hedge their production .
export deals are being done now there is capacity with duty free partnerships etc
balance sheet is net cash here
they have 80% of the entire English sparkling wine category growth in H1
Margin is excellent at 55%
so I think in the next few weeks you will see a move to AIM alongside a £15-20m raise underwritten by their key owners to fund the expansion . what you then get is a drinks brand that is a category leader with climate pushing its growth with a great brand , high existing market share and capacity growth that will be driven by a management team that has a track record of building small brands and selling them to bigger platforms . there is no reason at all this isn't worth double today based off recent transactions and won't 3-5x over the next 5 years. it check all the boxes.

[dicktrade] 17/8/2023 17:36

And a bit of sun now (that we are forecast )will increase the sugar content of the grapes and aid fermentation thus making the product taste that bit better.
Looking good here.

[rimau1] 17/8/2023 15:45

2 good news drivers here, planning approval for the new site and anticipation of a record 2023 yield - hot dry june wet summer.

[castleford tiger] 14/8/2023 08:17

5% up early trades

[dicktrade] 11/8/2023 14:19

10,000 buy @41.93 gone thru ;-))

[faz] 11/8/2023 08:01

"English winemakers toast chaotic UK summer weather
Downpours came at the right time to give booming vineyards a bumper crop" From the Times today. hxxps://www.thetimes.co.uk/article/english-winemakers-toast-chaotic-uk-summer-weather-0n0nzcmg2

[nov31] 01/8/2023 10:51

Last week’s update finally sinking in and pop, there she goes

[faz] 19/6/2023 17:10

hxxps://www.thetimes.co.uk/article/english-vineyards-serve-up-sparkling-profit-3r82dhcjx today

[eeza] 06/5/2023 09:07

Wine buffs may be interested in tis post on the ONT bb

"ONT - bamboo2 - 6 May '23 - 09:48 - 685 of 685

NZ scientists create 6000 new SB variants to increase environmental resilience
By James Lawrence Published: 03 May, 2023

The Bragato Research Institute in Marlborough has sequenced 6,000 genetic variants of New Zealand’s leading grape variety, developed to help tackle climate change.
Undertaken in collaboration with Plant & Food Research, the nascent vines are in a nursery and will be planted in a research vineyard in Spring 2023.
According to a representative from the institute: “New Zealand has 26,559 hectares of Sauvignon Blanc vines and due to the way grapes are propagated, the vast majority of these vines are genetically the same.”

As a result, any new pest, disease or environmental change that affects one vine could affect them all.

This was the impetus which led to funding for the seven-year Grapevine Improvement programme – the goal is to create 12,000 diverse variants of Sauvignon Blanc to help New Zealand’s $2 billion wine industry become more resilient.
“Plants have the natural ability to become more genetically diverse in response to environmental stress, and this knowledge was used to produce a population of vines with unique traits,” said principal scientist Dr Darrell Lizamore.
“Since this doesn’t involve crossings with other vines, the plants are still Sauvignon Blanc, and the new variants are fully formed at the first generation.”

To understand exactly how each one of those 6,000 variants is different, BRI has installed the first high-throughput third-generation sequencer in New Zealand. The ‘PromethION217; sequencer, supplied by Oxford Nanopore technologies, generates long-read data that is critical for understanding genetic differences among grapevines, as well as the impact that a vine’s environment has on its genetic traits.

By comparing the DNA of different vines using sequencing approaches, the vines can be screened to identify those that exhibit useful traits to help the New Zealand wine industry adapt to a changing climate.
Useful traits such as improved yield, resistance to disease, frost tolerance and water use efficiency will be selected whilst maintaining the iconic Marlborough Sauvignon Blanc flavour profile, according to the researchers.

The news comes ahead of the annual Sauvignon Blanc Day celebration (5 May), a day dedicated to tasting and enjoying Sauvignon Blanc in its many guises.

[faz] 04/5/2023 06:34

Oh dear chutes is in repeat spamming mode - filtered. And now Derek, a market guru - filtered. And apologies to others if I have provoked these posts.

[chutes01] 03/5/2023 21:09

too many shares in issue now, and further dilution to come for funding, so the heat is out of this investment now
paying for previous poor management, its a hold, but no one getting rich here in a hurry.

[faz] 03/5/2023 17:13

I'm sure you know spouting cliched pap like 'massive dilution' does you no favours. If a company becomes wealthier by selling shares there is no dilution; its basic maths, home economics even. My living has for some time come from investing in turnaround expansion stories, normally not ones with the same opportunities that this company has. I'd sell tomorrow if I were you.

[chutes01] 03/5/2023 14:47

still hold, massive dilution coming as it moves to AIM
Need to raise at least 10m, thats 40m further shares

200m shares in issue, just wont get past 50p for many years
it's a management play thing now.
No one will pay £100 m to buy it out (50p)