Distil Share Discussion Threads

[haggismchaggis] 14/10/2024 12:27

Maybe it's time to follow the money.

[petersinthemarket] 14/10/2024 11:27

Are we supposed to assume from the TR1's that one or more HSBC nominees sold a chunk and Steve Xerri acquired them plus a few others? Why would he want them, I wonder.

When I saw the TR1, I was hoping it might be Don Goulding, but no, he's still not risking his own cash.
pete

[skinny] 14/10/2024 09:35

They can't even get the TR-1 right!

60,000,00???

[haggismchaggis] 14/10/2024 09:22

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See today's TR-1.
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[petersinthemarket] 03/10/2024 10:29

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 [e-mail].

If you have marketing, or product availability questions, contact [e-mail].

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

[tommyjnewton] 27/9/2024 22:58

If Distil was run with the interests of all shareholders in mind it would be run very differently. It would be VERY EASY to increase the market price of the shares. It would SIMPLY involve selling some the assets of the company at their market price and then buying back shares. Endless dilution would be stopped.

[petersinthemarket] 27/9/2024 16:25

Investors may be interested to note Item 6 of the new placing and subscription document:

6. Placing Warrants. Placees and subscribers in the Placing and Subscription will be issued with Placing Warrants (each Placing Warrant giving the right to subscribe for one Ordinary Share) on the basis of two Placing Warrants for every 1 new Ordinary Share subscribed in the Placing or Subscription. The Placing Warrants will be exercisable at a price of 0.36p per Ordinary Share at any time up to two years following the date of Second Admission............

I think many of us would be surprised and delighted to see this blighted share reach 0.36p but, to be honest, I was hoping for more, in fact quite a lot more.

Have a good weekend all.
pete

[daz1712] 26/9/2024 22:04

Yeah perhaps a big player will takeover Diageo and then come for Distil if they have same cash leftover?

[haggismchaggis] 26/9/2024 18:05

TOP NEWS: Diageo confident growth will return despite wary consumer
Thursday, September 26, 2024 - 10:09
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[petersinthemarket] 25/9/2024 12:18

I believe that the single most significant and most obvious reason for the recent lack of cash is the lack of sales.

I do not believe that there is any reduced customer appetite for our products, but there are no Distil products on sale in the three counties of sw Wales. If this pattern is replicated in other parts of the UK, then reduced sales should be no surprise.

I believe that being delisted by all Tesco stores in the three counties in 2023 was in itself a very serious blow, but this absence of product is the same in all the major retailers. What has happened to our much-vaunted new and aggressive distribution plan?

Customers cannot buy products that are not on the shelf.
pete

[tommyjnewton] 25/9/2024 10:45

The position of the company would appear to be a result of poor / absent accountability. Institutional shareholders would surely have provided protection from this regular dilution when net assets are in fact substantial.

[tommyjnewton] 24/9/2024 00:56

A company with more integrity would have protected shareholders from dilution by reducing the investment in Ardgowan.

[tommyjnewton] 23/9/2024 17:05

I think you are right about the lack of prior shares purchases by Mr Goulding, Peter. At least Distil will show up on Director Buys. I'd have liked to have seen a larger commitment though. Some might assume it was a purchases to keep the job.

[daz1712] 23/9/2024 16:58

I didn’t see any information about any change of direction or reasons for running out of money, rather than a global slowdown? Diageo got hit with a slowdown in South America but this surely wasn’t the real reason Dis ran out of cash.
I can make out the existing team which ran out of cash plan to spend the funds the same old, so what will be different in the January Xmas trading update?

[petersinthemarket] 23/9/2024 14:41

To the best of my knowledge, despite grossing in the region of £2m during his tenure, this is the first time that DG has actually shown his confidence in the company by buying it's shares since his initial purchase more than 10 years ago.

[ken chung] 23/9/2024 13:43

Timberrrrrrr!!!!!!Shorters delight.Thanks for the wealth transfer.Lemmings and mushrooms only.

[tommyjnewton] 23/9/2024 11:26

So how much is the loan and the stake in Ardgowan really worth? Any comment please....

[tommyjnewton] 23/9/2024 11:03

The small print states that Don Goulding is putting £20,000 into the hat.

[haggismchaggis] 23/9/2024 09:29

Indeed, we were all expecting it.."The Fundraising Shares will represent approximately 37.28 per cent. of the Enlarged Share Capital following Second Admission."."The Issue Price represents a discount of approximately 40 per cent. to the Closing Price of 0.20 pence per Ordinary Share on 20 September 2024, being the last practical date prior to the date of this announcement.".So by the time they have bought their own dilution of 37.28 percent, they are only paying a 2.72 percent discount on the price on stock covered by their holdings..They do get a 40 percent discount on any shares outside of their own dilution, any idea how many that is? And then what is their true discount after buying their own dilution?

[ken chung] 23/9/2024 08:31

A fine short.Lemmings and mushrooms only.

[chinese investor] 23/9/2024 08:06

Oh Deary Deary Me !

[skinny] 23/9/2024 07:03

What a surprise!