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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Chill Brands Group Plc | CHLL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.10 | -4.44% | 2.15 | 16:25:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.25 | 2.15 | 2.30 | 2.15 | 2.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 25/4/2024 16:03 by cyberdyne1 How long does an investigation take? The share price trickles down each day. If the investigation takes weeks I will have nothing left. Unfair to all investors. |
Posted at 23/4/2024 14:30 by tonyda Top investor,perhaps a unit trust might suit you better lol !!! |
Posted at 22/4/2024 17:46 by davedinners For me it is very clear that these accusations are baseless and I cannot imagine Callum Summerton being suspended for long. In my view the control Russo and Taylor wield over the business is alarming. Their history of poor financial management and judgement has hindered the company's progress. Callum was making pivotal changes, turning around the mismanagement and introducing necessary reforms, which evidently threatened the established power dynamic. I think that we as investors must address this governance crisis and advocate for reinstating Callum to safeguard the company's future. |
Posted at 22/4/2024 10:29 by bbmsionlypostafter mk2 Say what you wish about Chill Brands (CHLL) but at least, as it destroys the wealth of its investors, the company never ceases to entertain. In today’s episode of nicotine free CBD enhanced beer and popcorn, it has been announced that CEO Callum Sommerton has been suspended on the basis of allegations of “the use of inside information.” But is this what it seems? |
Posted at 18/4/2024 20:41 by institutional investments Deserves another go. Tbf, he lasted 30 or 40 years before an event cost investors. I think only the Lehman brothers can claim longer than thatWill have look at his views in coming weeks |
Posted at 17/4/2024 16:30 by kemche The chuckle brothers were lauded at one time by the investors as sages. Why get rid of them?I continue to average down like a demented monkey. GLA LTHers! |
Posted at 17/4/2024 16:10 by genierub And here's the dump as more people and investors catch on. Expecta major sell off in the morning. |
Posted at 17/4/2024 16:00 by 1amulet With investors awaiting key data on Chill Zero sales in the UK — and particularly reorder rates from Morrisons — it’s interesting that this letter appears to be targeted at the US side.Chill Brands proposed resolutions There are five resolutions being called for, which are as follows: Graham Duncan to be appointed director immediately. Aditya Chathli to be appointed director immediately. That, conditional on 1 or 2 being passed, Antonio Russo be removed as director immediately. That, conditional on 1 or 2 being passed, Trevor Taylor be removed as director immediately. That any person appointed as director between the date of the letter (16/4) and the GM, other than those named in 1 and 2, be removed immediately. The Meeting is being called for by TR1 holder (with over 13% of shares in issue) Jonathan Swann, who is supported by 18 other large investors. When all their shareholdings are combined, this group controls 24% of the total issued shares in the company. For context, passing these amendments (any or all) requires the standard 50.1% simple majority. Swann has made a significant personal investment into the business, including recent additional financial support in January. The general problems with Russo and Taylor appear to be both financial discipline and corporate strategy, on the US side of the business. The US business is perhaps being accused of draining cash — and with no immediate signs of recovery — a view supported by the last two sets of published accounts which saw combined operating losses close to £1 million, and total losses of over £10 million. This is significant for a £19 million company. In terms of corporate governance, I can assume the problem lies — perhaps among other issues — with the continual US strategy which involves pushing cannabis-based products more than Chill Zero vapes, which may compare unfavourably to the success of the Chill Zero rollout in the UK. Where next for Chill Brands? There does not seem to be any personal problems — this directorate change simply seems to be something major shareholders need to see, in order to cut costs and improve the ongoing strategy abroad. While the share price suffered following the UK government decision to ban disposable vapes, it has since recovered to 3.8p, down only around 20% year-to-date and essentially flat over the past year. Given the push to change the US strategy, this suggests upcoming RNSs on the UK side could be very positive. And as the legislation to ban disposable vapes is not expected to be passed for some months, and the government will issue a six month buffer zone when it comes into effect, it may be at least a year until this legislative change makes a difference to Chill. Regardless, I still expect the proposed legislation to be revisited by saner minds post-General Election. For perspective, Australia’s ban on disposable vapes has been an unmitigated disaster as the market has simply been flooded with unregulated knockoffs. The new law is also seemingly tied into the somewhat insane legislation, just passed, which will stop anyone born after 1 January 2009 from being able to buy tobacco — a position that New Zealand recently reversed. Because if the war on drugs has taught us anything, it’s that prohibition works. Chill has also been working hard on non-disposable options (you can also argue its current ‘disposable As a reminder, nicotine free vapes will be taxed an additional £1, vapes with less than 11mg nicotine at £2, and vapes with more than 11mg nicotine at £3 — per 10ml of liquid. The OBR has calculated that this will double the price of a high nicotine product from £3 to £6. This provides a further financial incentive to buy Chill vapes, which already offer better value in terms of price per puff. But in the end analysis, once this meeting is concluded, and with new directors on board, investors should be looking to Q2 RNSs which should clue them in the relative state of the UK-side success. |
Posted at 17/4/2024 10:51 by wrecktangle Everything EOT said is spot on.All we need now is Callum to construct that wording in an RNS that can show investors where Vaping will go (in the future) in light of the upcoming cigarette ban and merge that with the numbers, sales, Morrisons presence etc. and we finally have a stock sparking up |
Posted at 08/3/2024 08:49 by kemche You would have to be utterly stupid not to. Viridian, OX, Elephant, Rhino - all on board. John's Story, Ann Gloag, Swanny - all canny investors. Why should I be left out? |
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