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Share Name | Share Symbol | Market | Stock Type |
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Distil Plc | DIS | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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0.13 | 0.13 | 0.16 | 0.16 | 0.13 |
Industry Sector |
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BEVERAGES |
Top Posts |
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Posted at 03/10/2024 10:29 by petersinthemarket DIS websites offer ''make contact'' forms in several places. Can I suggest that if anyone has any point to make that they make it directly to DIS, perhaps on one of their forms. I suspect they don't get anywhere near enough feedback in any other way than via social websites, which may be of little use to the many potential customers who do not use them.If you want to contact Exec Chairman Don Goulding, use Don@distil.uk.com. If you have marketing, or product availability questions, contact sarah@distil.uk.com. If my recent experience is anything to go by, you will almost certainly get no response, but it is still worthwhile to let management know how investers and customers feel about the business. pete |
Posted at 14/8/2024 18:42 by mikejoseph Distil are owed £3m by the Ardgowan Distillery (yielding 5% pa) which if converted leads to a 9.4% share holding in a business that must be worth in excess of £40m.At 0.25p DIS have an MCap of £2.26m (using 905,113,864 shares in issue). So the company is currently valued below the level of the loan repayment amount. Add in the brands, particularly Redleg and its clear that this has been way oversold today. DYOR Mike |
Posted at 14/8/2024 11:01 by waterloo01 Peter, one of the many things Grain has encouraged is to divert company resources toward building the distillery, which really hasn't been in DIS interest.All the changes in distribution have made little, actually negative, results. They should have focused on one or two brands and pushed sales with a high quality sales person and then sold it. He'll pick up the brands for peanuts IMO |
Posted at 11/7/2024 12:03 by petersinthemarket DIS websites offer ''make contact'' forms in several places. Can I suggest that if anyone has any point to make that they make it directly to DIS, perhaps on one of their forms. I suspect they don't get anywhere near enough feedback in any other way than via social websites, which may be of little use to the many potential customers who do not use them.If you want to contact the Executive Chairman use Don@distil.uk.com. If you have marketing or product availability questions, contact sarah@distil.uk.com. pete |
Posted at 11/7/2024 11:54 by petersinthemarket >>Tommy Newton – Thanks for response. I sometimes wonder if there is anyone out there at all. This thread has gone so quiet that even lurkers and trolls must have deserted us.Perhaps my note didn't explain my point very well. I don't object per se to either £18 or to £23 as a selling price for RedLeg, although it is obvious that I would personally prefer to buy at the lowest available price, and I do, from Amazon. I simply didn't see how DIS could realistically expect to sell any RedLeg to any customer at £23 plus £4.95 P&P if they can simply buy it at £18 elsewhere, and without any P&P charge, so I wrote to DIS Mktg to say so. I offered an opinion that DIS pricing policy would more or less guarantee that it draws no customers to our website and sells nothing at all. Whether it was a coincidence or not, I was happy to see that they appear to have taken appropriate action and marked the on-site price down to £18, although there is still the added P&P to pay. As for the DIS in-house sell-out price, DIS will sell to any dealer at a price which covers our costs and provides the mark-up we require. We agree a transfer price to our two distributors which also gives them a small profit and beyond that, sales prices are out of our control. Retail price maintenance is illegal in UK and has been for a long time. DIS has absolutely no control over the prices at which dealers sell DIS goods. We can recommend of course, but promotions are paid for by the retailers. If a common low price is found in the marketplace, it's due to competitor behaviour and not DIS advice. Strangely, it's not difficult to find selling prices far higher than £23, even double that, from a range of small online dealers. I wish them luck with that. I'm a little out of date with the exact numbers, but I think you will find that after considering manufacturing costs, the huge Gov spirits tax, vat and distributor profitability, the amount we make per bottle is no more than about £3 and bears absolutely no resemblance to the shop prices we see. What we desperately need is greatly increased volume and, after that year-long mayhem, our two distributors are hopefully going to provide that. I don't believe we have any supply-side volume constraint, I think it's increased demand that is crucial. pete |
Posted at 30/4/2024 18:05 by petersinthemarket Random round-up of recent DIS events, in no special order:Cash reserves of £524k at 31 March 2024 and no debt. On 24nov2023, DIS Placement/Subs raised £0.765m to take growth plans to Mar2025. The Placing Shares/Subs Shares represent approx 24.1% of the Enlarged Share Capital. Shareholders: RGrain 23.6%, Rothschilds 19.32%, Dr Cooley 8.18%, HSBC Nominee 5.85%. Donald Goulding, Executive Chairman is 70yrs old April 2024. New shareholder and company builder Dr Graham E. Cooley BSc (Hons), MPhil, Ph.D., 60yrs old. RG interests: Cotswolds Distillery, Manly Spirits, East London Liquor Co., Potstill Spirits, Vienna. RG is also CEO, majority investor and owner of Ardgowan Distillery Company Ltd. DIS convertible loan of £3m to Ardgowan pays 5% pa interest. Production of Blackwoods gin and vodka brands has moved from Midlands to Inverkip. The new Inverkip copper still (named Marie) has produced it's first DIS vintage gin. A special edition gin will be made available to shareholders this summer. A DIS blended whisky will be launched this year. Blackwoods visitor centre fit-out is progressing well for opening soon. Partnership agreement in place with Global Brands to service UK Off-Trade customers. Global services DIS UK grocery, cash & carry, and convenience customers. Global distribute Franklin & sons ready-to-serve (RTS) 250ml cans of RedLeg & Cola. Marussia Beverages service UK On-Trade and Premium Off-Trade customers. On-Trade business continues to contract with 16k UK outlet closures since Mar2020. On-Trade is suffering reducing staff, rising utilities bills, cost of credit, changing consumer habits. New RedLeg ecommerce online shop is open at hxxps://www.redlegru Market guidance for FY24/25 will be issued at the time of the finals in June 2024. |
Posted at 24/2/2024 13:28 by petersinthemarket Only another 6 to 8 weeks and we will know how the final quarter and the full financial year to 31 March have gone. There were some rays of hope in the last trading update, but nothing earth shattering and any comparisons with the disasterous previous year were quite pointless. We must all be hoping that sales have moved up yet another gear.I wonder if DG will at last announce our new scotch product. It has been in discussion for most of 2 years now. We still need something to make the general public notice our range. Crtainly, when i ask around the pubs in sw Wales I have yet to find anyone who has even heard of us, or our product range. So much for that horribly expensive tv advert. I would like to see much more use of the DIS travelling pop-up shops. Low cost, personal contact and sampling to introduce new buyers. I think they are said to have occured in Brighton and Cambridge earlier this year, but I haven't heard about others. Despite the new distribution plans, I still feel this company is far too London-centric. I can't buy RedLEg in sw Wales. Our Tesco branches and others seem to have given up on it and I have to get mine from Amazon. This year we look forward to expansion of the new Ardgowan/DIS joint visitor centre. Personally, I think that project is quite exciting and I'd really like to see it for myself, but it's a heck of a slog to the west of Glasgow from sw Wales. I get minor email updates from Ardgowan on a weekly/fortnightly basis. I do wish that DIS would be as pro-active. I suspect part of the general lack of interest in DIS is less to do with it's share price and much more to do with it's anonymity. The DIS team have obviously had to work harder than expected over the last year, but I believe that 2024 will at last see a turn around. Have a good weekend all. pete |
Posted at 12/1/2024 18:19 by petersinthemarket Some turn of the year jottings, looking back.The Q3 TU on 10 January was, imo, a little lack-lustre, but it did at least appear to draw a firm line under eighteen months of supply disruption. There is plainly still some way to go to revive our business after the distributor changes, but there will hopefully be more good news during 2024, with the new distributorship settled down, new product launches due, new efforts going into our export markets and the opening of the new Ardgowan premises in Inverkip in Q1 of FY2024-25. With the Q3/TU published and a major business period behind us, some may now assume that little further progress can be made before the end of the financial year, but it may be surprising to recall that Q4/FY2023 represented the best trading quarter of that financial year, both in terms of absolute revenue achieved at an estimated £450k and also on a YoY basis so, if everyone does their bit, it is still possible that the end-of-winter period may yet bring further recovery during this financial year. There was surprisingly little damage to our business following the UK government introduction of the first national covid lockdown measures on 23 March 2020. It is interesting to note that, in fact, DIS profited from covid due to higher off-sale purchases after the closure of many commercial premises and the share price went over 2p/sh for the first time in several years. The previous best, around 5yrs ago, had been just over 3p/sh. I believe we will climb these dizzy heights again in due course. On 6 July 2022, DIS announced the appointment of a Commercial Director, Alex Baker, and the appointment of a new distributor, Marussia Beverages UK and it was this news that was to pre-empt our business collapse. Marussia would be primarily responsible for servicing the DIS on-trade (hospitality) and independent sectors. Other UK (retail) customers, including the majors, would be handled directly by the Distil Plc team. The change-over period was far more difficult to handle than ever predicted, resulting in substantial inventory depletion and massive damage to our results. This confusion is now behind us and there are hopefull signs that business confidence is rebuilding. . On the 24th November 2023 we yet again suffered major dilution when DIS conditionally raised £0.765m (gross) through a placement and subscription of 218.6m new shares at 0.35p per share. The Placing Shares and Subscription Shares represented approximately 24.1% of the Enlarged Share Capital and mostly went to Roland Grain and BERO (Rothschild). It is assumed that the cash raise will support stock-build and operations through to 2025, by which time we should be seeing profitability restored. A new face, Dr Graham Cooley, former CEO of ITM Power, invested £200,000 for 57.1m Ordinary Shares in the Placing, which is odd as I don't quite understand his interest in the Placing last year. Donald Goulding is 70 years of age in April this year. It will be interesting to see if anything else transpires. Have a good weekend all. pete. |
Posted at 26/12/2023 12:50 by petersinthemarket My contribution above was not intended to imply anything, simply to lay out the MBG association with DIS as I currently see it. Speculation is fun, but atm I see no obvious sign of impending entrepreneurial activity. We do own a very successful rum so an outright purchase of DIS by MBG would make sense for them as imo the value of our company is largely tied up in the value of our rum label and they have shown an interest in extending their rum range. DIS is in the process of moving it's white spirit production from the Midlands to Scotland and MBG, who are still aggressively expanding, already own several sites in Scotland, including a distillery.What is more opaque is Roland Grain's intentions. As usual, he is typically busy ploughing his own furrow and, although a significant DIS holder, he hasn't shown much interest in us. Although normally absent (he lives in Austria), he is also the owner of Ardgowan (private company) and all the signs are that DIS and Ardgowan will be working together more closely in the coming year. We both share the Inverkip site and access to the distillation and marketing facilities, the Master Distiller and the proposed whiskies. RG owns just under a quarter of DIS and would need to increase that to over 30% before having to make any move but, even if that was his wish, it wouldn't be easy. 50% of DIS is in strong hands, in particular RG, Rothschild, HSBC and another nominee. There are also others, some of whom I am aware, who hold amounts just below the declarable level, but possibly significant in total. It is RG's normal practice either to own the whole of a small private company, or enough of a larger company to effect influence, but he always appears happy to leave local experts to run them. He has had a long expressed intention to be deeply involved in whisky and I suspect he is quite content with his current position. Possibly more likely is a complete outsider. If RedLeg is any threat to another producer, our market value would be pocket change to any number of very large companies, including Don Goulding's previous employer Diageo, with their fake rum, Captain Morgan. Frankly, I don't expect to see any corporate move on DIS in the next 12 months, but I would personally welcome an approach. It is notable that April 2024 will mark DG's 70th birthday and the thought of future retirement must surely have crossed his mind. For me, my only current interest is the level of our year-end business. This is by far the busiest and most crucial period for DIS and we must all have the same desperate wish for the New Year. After 10yrs with DG at the helm, DIS is still only a penny share and our hope must be that our BoD have at long last shaped the company into something potentially successful. The TU will be available in a few weeks time and , after the several serious blunders of the past year, I confess to feeling a bit nervous. Happy New Year all, peter. |
Posted at 20/12/2023 10:27 by petersinthemarket For good or ill, the fate of DIS is now in the hands of the two new business arms we have chosen, namely our in-house distribution to our key customers and our Marussia distributor for the rest.It's very hard to get the full picture on Marussia as it is such a huge and sprawling business. The Marussia Beverages Group (MBG} is the beverages and hospitality arm of a highly diversified privately owned Swiss group called Sastre Holding SA. The holding group is owned by the Swedish Paulsen family with HQ in Switzerland. The billionaire Frederick Paulsen was knighted by the Queen in 2021. MBG is an international producer and distributor of artisanal spirits, wines and Japanese sakes, with 14 fully owned distribution companies in 14 core markets including USA, UK, France, Russia, Ukraine, Georgia, Switzerland, Austria, Germany and the Netherlands. It has 16 production sites around the globe, creating high quality, innovative premium brands. It markets its brands in at least 40 countries, with centralised sales and marketing and over 1200 employees, 28 of whom are in Marussia Beverages UK Ltd, our main contact. Even a brief look around suggests that we have made an agreement with part of a very large, complex and aggressive group who are still growing strongly through acquisition and agency agreements. MBG started small around 2004, selling vodka in Russia, but in the decade from 2012 to 2022, the urge to grow larger saw the company's revenues surge dramatically from €7m to €294m. In addition to their many own-brands they act as distributor/agent for several companies that everyone has heard of like Remy Cointreau, William Grant and Schlumberger. MBG either owns, or co-operates, with many distilleries in several different countries in Europe and Asia. Also in Scotland, where it is the owner of Mossburn Distillers, the company behind Torabhaig distillery on Skye, plus two malt and grain distilleries in Jedburgh in the Scottish Borders. They have particularly strong links within their Swiss/German/Austria In the UK MBG state that their business is about 40% off-trade and 60% on-trade. For DIS they will distribute RedLeg, Trove, Blavod Black Vodka and Blackwoods gin and vodka. MBG believe they are under-represented in some spirits, including rum, and plan to fix it, either by acquisition, or by setting up their own production facilities in a suitable market area. The holding group is currently said to be in deep discussion on their future, as they believe their rapid expansion has led the company to an important inflection point in their development, where they may soon have to decide whether to stay fairly agile at their current size, or to continue aggressively acquiring in order to grow much larger. Their options are either hands-on, as now, with centralised management, or a more decentralised organisation of autonomous international branches. For now, it seems that the plan is to continue with aggressive growth and their USA arm has just acquired Watershed Distillery for an undisclosed sum, giving it its first spirits production site in the USA. We live in interesting times. pete |
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