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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Distil Plc | DIS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.60 | 07:46:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.60 | 0.60 | 0.60 | 0.60 | 0.60 |
| Industry Sector |
|---|
| BEVERAGES |
| Top Posts |
|---|
Posted at 12/4/2024 17:09 by petersinthemarket Agreed – He has moved from a holding of 7.07% to 8.18%.We don't know his average purchase price, but if we assume he bought his 74 million shares at 0.5p each, it would have set him back around £370,000, so he must be a committed investor. I wonder what his master plan might be. |
Posted at 25/3/2024 13:34 by haggismchaggis Thanks Peter, interesting to say the least. As I said last year, the plan to build and sell brands is a failure, as not one brand sold in all the time Don has been in charge. If he'd taken the £10m he refused to take for RedLeg, then sold Blackwoods Gin and Vodka for likely as much, just imagine how big DIS would be today. .It's going to be extremely difficult for any investors that look at DIS to work out why they should invest in it. We need an up to date plan for the future released by the board, telling the market how they intend to deliver shareholder value. |
Posted at 15/3/2024 11:23 by petersinthemarket >analystium – To find previous DIS TU and Results - open website ''Distil.uk.com'' - Page down to ''Investors'' – Click on ''Learn More'' - Click on ''news'' - You will find every published DIS report for the last 10 years - pete |
Posted at 13/1/2024 17:12 by petersinthemarket Distil Plc (DIS) currently has only 3 directors, namely our Executive Chairman, Donald Colin Goulding, the (absent) non-exec director, Roland Andreas Grain (Austrian) and the Company Secretary/Chief Accountant, Shaun Claydon.At Companies House, none of these men are defined as Persons with Significant Control (PSC) as that would require them to own more than 25% of Distil's shares and voting rights and also to have the right to appoint or remove other directors. As at 3 January 2024, the closest we have to a PSC is Roland Grain, who holds 23.6% of the company. Rothschilds own 19.32%, our new face, Dr Graham Edward Cooley, owns 7.07% and an HSBC nominee holds 5.85%. This brings the total of major shareholders to 55.84% of the total 905,113,864 shares in issue. I believe Don Goulding, who is 70 years old in April this year, owns a relatively insignificant 10m shares which he bought more than a decade ago, shortly after joining DIS. Roland Grain has a highly successful record of investing in the spirits industry. He started with a small investment in the Cotswolds Distillery and continued with investments in Manly Spirits in Sydney, Australia and the East London Liquor Company. He owns Potstill Spirits Trading in Vienna, Austria's largest whisky importer with a choice of over 1200 different labels. He is also CEO, majority investor and owner of Ardgowan Distillery Company Ltd., a private company in which DIS has a small financial stake, based in Inverkip, one hours drive from Glasgow. The sudden appearance of 60 year old Dr Cooley as a major shareholder in a spirits company is a surprise. He is a proven entrepreneur and developer of early stage businesses with a very considerable, technology-based, business backround. He also has a stated interest in personally investing in various AIM companies, although nothing previously in the spirits industry, as far as I can tell. For over 13 years, Dr Cooley was CEO of ITM Power who manufacture electrolysers in the hydrogen industry and during his tenure he had a very successful track record of building the company, substantially raising the share price, raising large amounts of development capital and also finding overseas markets for his products. During the last decade, Dr Cooley has variously been a chairman, director, or advisor to the board in quite a few different AIM-listed, early-stage, quoted/unquoted, renewable-energy and other sustainable businesses and last year joined the board of venture capital company Brigantia Capital. He also founded a management consultancy, Yelooc, but his only serious current commitment appears to be as chairman of the board of directors of NanoSUN Ltd., who mass-produce hydrogen refuelling stations. With a degree in physics, a PhD in materials technology, an MBA and a string of technical institute fellowships, Dr Cooley BSc (Hons), MPhil, Ph.D. is clearly a clever man, but what prompted him to take a £200,000 stake in a small spirits company? Dr Cooley was extremely well paid at ITM (salary plus expenses between £350k-£500k pa) and can apparently well afford to take a large personal shareholding in any AIM-quoted company that takes his fancy. He tends to increase his investment, once he has got to know the company better. As an example, he took an initial 3.3% stake in AIM-listed Light Science Technologies Holdings Plc and in August 2023 increased his holding to 4.8%. Dr Cooley's interest in us can only be in his private capacity as an astute investor in AIM companies with growth prospects but, as the placing was not open to the public, I wonder who invited him? He will now have easy access to our directors but, at the moment, he has no commitment to offer advice. Perhaps, if he likes what he sees, he might increase his stake in due course. pete |
Posted at 28/12/2023 11:43 by petersinthemarket The date of the January TU varies, but is usually in the second or third week.If you have an interest in DIS, try their website and select Investors. hxxps://www.distil.u |
Posted at 03/12/2023 16:32 by jimmygeeee There is definitely some truth to all of that. But it is also true that the stock is trading below book value because investors fear bankruptcy, and that fear will be removed if shareholders approve both resolutions so that Distil receives the cash that they need to survive. I would definitely like to receive back the funds I invested (or most of it), and hence I will be voting in favour. The new funds will give the firm time and space to try to make something happen, and it should definitely put a floor in under the share price immediately. |
Posted at 03/8/2023 15:23 by petersinthemarket Interesting!''All Resolutions, with the exception of Resolutions 5 and 6, were duly passed at the AGM.'' - In other words, ALL resolutions were certainly not passed, only 4 out of 6. ''…. resolutions 5 and 6, in respect of authorising the directors to disapply pre-emption rights, were not passed..'' - A pre-emption right is essentially a right of first refusal in any new share offer and imo all share issues should always include existing shareholders. ''….. a significant proportion (more than 20%) of shareholders voted against resolution 4 in respect of authorising the directors to allot shares.'' - In fact 24% voted against. There are, imo, more than enough shares in existence and new allotments to managers and others are unacceptable until the company demonstrates some shred of business success. ''This was notwithstanding all 3 resolutions are consistent with current investor guidelines including the Investment Association Share Capital Management Guidelines and Pre-emption Group Guidelines.'' - Completely irrelevant – What else would you expect these groups to say? ''The Board will continue to engage in discussions with shareholders to better understand their views.'' - I assume this only means talking to a couple of major institutions/large holders. When did they last consult ordinary shareholders about anything? I smell dis-satisfaction and one look at the share price will explain why. pete |
Posted at 04/7/2023 18:12 by chenghua peter.....understand that my frustration is not just with you, but FOR you.As a shareholder you should be a lot more critical of the management here than you appear to be. They have underdelivered and done an extremely poor job for investors. And all the while they (Grain - a relative newcomer, excepted) have taken salaries and failed to personally invest in the company they are supposed to be building. |
Posted at 13/4/2023 10:36 by daz1712 So basically the revenue in the Uk market has fallen 40% due to bad management ie changing the distribution weeks before busiest period of the year, Trove is not for sale anywhere, unless I’m mistaken? Diva vodka?Let spin the driving growth though export markets story, that should keep investors interested! All looks like spin and Hope rather than a business plan to turn this into a profitable company imo |
Posted at 03/3/2023 16:56 by petersinthemarket Good news would be great, but I doubt it. I would love to be wrong, but it may just be because there have been a number of chunky share purchases up to and around the 1 million mark, both today and in recent weeks. Some may be assuming that an investor is gradually amassing a larger stake but, in my experience, the really big moves dont happen like this, they more usually occur as large private bargains offline. This company is fairly tightly held now and 1 million share buys have a disproportionate, if temporary, share price effect. What we already know is that the FY figures in March are not going to be what we would have wished for, due to the unexpectedly lengthy supply chain disruption and the major loss of xmas/new year sales caused by the change in distribution policy. Although it has not be widely debated here, the company also stopped making vodka and gin in the Midlands at the end of last year and has transferred production to Scotland prior to opening the new Ardgowan centre. All in all, I suspect it will not be until the H1 TU that we find out whether all the moves are working as intended. In my nearest Tesco Extra in SW Wales I noticed considerable disruption to RedLeg supplies for most of the back end of last year and I had to buy mine from Amazon, but I can now say that there have been several weeks of consistant supply and a more normal movement of bottles off the shelves. I hope that all the bad news is now in the price and we can soon start to see the benefit of all the hard work the guys at Distil have been doing. Have a good weekend all. pete |
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