Distil Share Discussion Threads

[nakedsteve] 11/11/2017 13:42

what USA sales is haggis going on about?? total fruitloop

[chinese investor] 11/11/2017 12:29

The procedure for notifying the market about holdings above a certain level in a company is supposed to make everything more transparent, but at times the opposite would appear to be true.

It certainly seems to be an area which confuses many private investors, and I personally think that some follow holdings RNSs far too closely, and even use them as buy or sell signals, which can be dangerous if the reporting of these holdings is not accurate, nor up-to-date in some cases.

Currently FCA rules mean that anyone holding 3% or more of the total issued shares in a company must disclose that position within two trading days of crossing that threshold, providing the company is incorporated in the UK, and that will come via a TR1 notification in RNS form.

Subsequently for each 1% threshold crossed (no further disclosure is required once a holding drops below 3%) a further TR1 notification is required.

There are several exceptions to this rule, with one of the most common being that for non-UK incorporated companies the notifiable threshold if 5%, with subsequent notifications required at 10, 15, 20, 30, 50 and 75%, and disclosure of any change must be within four days.

Other exceptions include fund managers, and under EU rules they can disclose at 5% and 10%, and then each additional 1% thereafter.

Market makers can also hold up to 10% without disclosing their position, as long as they don't use that holding to interfere in the running of the company or to influence the direction it takes.

[suneday] 11/11/2017 12:18

It's all a mystery. Real cloak and dagger stuff alright.

[dante17] 11/11/2017 12:01

I suspect it's one individual whose name we know not.

[suneday] 11/11/2017 10:19

'Mystery' buyer(s)? Not explained by last RNS re. nominee custody account you think?

[dante17] 11/11/2017 09:41

Interesting, that 2 million buy on Friday. I have 1.2 million at the same price as our mystery buyer, so I guess our fates are now interlinked...

[berny3] 11/11/2017 09:38

Redleg still doing well on Amazon

[chinese investor] 11/11/2017 09:19

Great after hours RNS !

[thepopeofchillitown] 11/11/2017 08:49

Cheers Dante. Difficult question but based on circa £1m revenue per year what valuation would we be looking at for Red Leg? Maintaining high growth is clearly important.

[haggismchaggis] 11/11/2017 08:42

I'm currently thinking double or even treble the share price within a year. Case volumes are still growing well ahead of the sectors, USA sales should easily double or even treble the current case sales of Redleg and Blackwoods, then we have products waiting for a relaunch, and enough cash at the current burn rate to last 16 years, it's all pointing to a no brainer investment, just sit back and it will do the work for you.

[dante17] 11/11/2017 08:37

Pope, around half.

[thepopeofchillitown] 11/11/2017 08:26

*financial. Gods knows what went on there.

[thepopeofchillitown] 11/11/2017 08:25

I know we've crunched these numbers before but if DIS generates a revenue of say £2m this ginanvisl year what proportion will be Red Leg?

[thepopeofchillitown] 11/11/2017 08:12

So are we saying the only way DIS can give a return on investment is by selling brands?

[haggismchaggis] 10/11/2017 23:24

P.S. You also don't know if the big buyer has finished buying or wants to accumulate a much bigger holding, and willing to pay higher prices to get it.

[haggismchaggis] 10/11/2017 22:57

The point is, for DIS this is a huge buy trade, something you don't see very often, it's not like the usual punters 50,000 shares or 100,000 shares, it's a big confidence buy, clearing out any overhang of stock floating about in the market. Try dummy buy trades on Monday morning, I doubt they will offer you much stock, you'll be lucky to get a quote for 50,000, perhaps even 25,000, because they won't have the stock on their books to sell to you.

[suneday] 10/11/2017 22:31

I'm sure they'll be looking for profit, but it's maybe £150,000 plus overall and like everything else it should be kept in perspective over time. The buys have been done, and they do show confidence.
And I'd be astounded with their choice of house broker if he gives a lower price than where we're at.

[haggismchaggis] 10/11/2017 21:58

Someone bought 2,000,000 shares today at full ASK, and going by the RNS they actually bought around 6m shares. You can be pretty sure the new broker target is a lot higher than the current share price, because someone would not be investing that kind of money in DIS unless they were advised of substantial upside potential from a trustworthy source.

[hydrus] 10/11/2017 21:23

Totally deluded - £30m for a 'brand' that generates a few hundred grand of revenue per year. I love how Haggis disconnects revenue/profit with 'brand' value as if the two things have no relationship at all.Haggis is doomed to lose every penny on the stock market

[suneday] 10/11/2017 21:14

Perhaps we shall get a 'target price' from the new house broker. I'm not aware of any such yet.

[suneday] 10/11/2017 20:43

From what I've read it seems a difficult area in accounting, but maybe not insurmountable, for a company existing for the purpose of building and selling brands, to separate them out and give some guidance.