Distil Share Discussion Threads

[berny3] 07/3/2018 07:14

Boff my apologise as I did not read the news first. Bite too hard..

TPI were appointed in November. I would imagine the deal was negotiated around that time and TPI would of looked over the company first. Being March when finalised I would imagine TPI have a pretty good idea of where the company is etc.. To agree a share swap rather than cash TPI must feel is good value and hence why it has been accepted.

In terms of a broker taking shares over cash why not? Does not seem strange. I think it is a good thing.

Boff I accept your comment over cash, but I hold out it would be prudent to keep as much cash within the business as possible. I side with the view that cash is king and there is more than likely a big push to come on volumes.

We shall see come TU.

[bigboyblue] 07/3/2018 07:13

suneday: I hold shares here, but my biggest holding is in JAY. They have joint brokers Hannam& Partners and share price Angel. Both have been paid for their services in shares and/or warrants, see RNS 11th Jan and 9th June '17. I don't think this is anything to worry about. The brokers must be happy. Certainly if you check out the chart for JAY over the last year it doesn't seem to bother the market, provided they know the company is putting its limited resources to good use

[haggismchaggis] 06/3/2018 22:45

Paying in shares in advance, I've not seen that in my decades of stock market action. It has to be seen as bullish as the recipient wouldn't accept the stock unless they could make a decent profit from it, the risk / reward ratio (which you can guarantee was calculated prior to acceptance of the deal) must have been very much in favour of reward.I have a feeling the USA market entry is coming soon, and that is why the deal was done now.The deal today indicates no near term fund raising, because 1) It would dilute the payment that's just been made, that would be very naughty 2) If they were planning a near term fund raise they would have issued enough stock to make the payment (on top of what other cash they were raising), it makes no sense at all to issue shares to make the payment then issue more to raise funds, no sense at all.

[suneday] 06/3/2018 21:38

Regardless of what's said on here, punters will take a view tomorrow.

[boffster] 06/3/2018 21:21

Berny answer me this. Would TPI have been offered cash or shares of the same value? Course not. They must surely have been offered shares of an (in theory) higher realisation value than their fee.

So why would DG do this if he keeps banging on about how lowly DIS's valuation is?

Either: -

a) The company is short of cash

b) He really thinks the shares are overvalued

c) He has no respect for the shareholders and doesn't mind diluting them if it keeps him on his gravy train a bit longer.

d) He wants to try to flatter the end of year figures.

Or any combination of the above (probably all of them)

[a_2_b] 06/3/2018 20:13

I see your point but not even sure we supply a great deal of EU countries to begin with, and this will be the main drive to move into the US which will be far more beneficial in my eyes. But yes uncertain times ahead hoping for the hardest brexit possible and nothing in between.

[petersinthemarket] 06/3/2018 19:58

I partly agree with your sentiment a2b/#5062, but I am heavily overloaded with dis and the uk market is looking very uncertain. I added a lot on the way down and if the share price continues to rise I may unload some of them. If I am lucky, I will turn some of my trading holdings into cash for future purchases, perhaps back into Dis at some time. I will still keep a substantial number in my main holding.

We can expect a Dis TU shortly, which I believe could be encouraging, but unfortunately we are in a very strange mkt climate atm. After the release of good, or even excellent, results we frequently see an share price fall and on anything less than that we see the share price hammered - regardless of the fundamental strength of the company.

Lets see how things go - Time will tell.
GL all, pete

[a_2_b] 06/3/2018 19:56

Suneday sorry if you took it that way I wasn't even suggesting you were. Was just my own speculation.

[berny3] 06/3/2018 19:56

Ask Boff to show evidence he seems to have issues backing up his statements.

[berny3] 06/3/2018 19:55

Suneday- Boff is doing his best to post mistruths.

[suneday] 06/3/2018 19:41

Has anybody knowledge of a broker being paid upfront in shares? Surely shouldnt be a first, should it? They would have to issue an RNS as here. Looking for somebody who's seen one.

[berny3] 06/3/2018 19:13

Boff a miserable £20K bill!!! not sure how many companies you have run but a £20K bill is quite sizable. If you knew anything about cashflow and internal rate of return, cost of capital or anything financial at all you would understand that to be able to keep cash within a business is far better than letting it out. Cash generates cash - fundamentals of investment and internal rate of return. You also have no understanding of business a supplier would not take payment in stock unless they though the stock would be worth more over time.

Have you done anything business like or financial. You have laid your cards down that you think a fund raise will be in April with no substance to support it. Lets see. We will know in a few weeks when we get the year end update.

If you had any inkling about anything financial you would of been able to follow past updates and have a broad understanding of where the position will be at year end.

Keep trying though.

[dante17] 06/3/2018 19:13

I think it's a very promising sign, one that will encourage the broker to help the company and raise its market capitalization so it can benefit itself. I think something is afoot and we may soon go "into play".

[chinese investor] 06/3/2018 19:01

Total Number Of Shares Is 501,982,913 !

[suneday] 06/3/2018 18:28

Not suggesting the stock is dying, just that I haven't seen it before and I don't know if advance fees are the norm. Just looking for others' experience of this.

[a_2_b] 06/3/2018 18:25

Personally I think its a good thing what company would except shares in a dying stock as payment they will come out better in the end clearly

[suneday] 06/3/2018 18:15

It strikes me as a bit strange, but perhaps it's just unusual. Perhaps others can point to similar elsewhere?

[exile] 06/3/2018 17:49

Boffster....I don't think the shares have been issued to pay a "Bill" as such, but more of a payment "Up Front" for services up until February 2019 ? Is this a good thing ? Will it give the broker incentive to increase "Shareholder Value" over their 6 month lock in period ? Could this be "a new dawn" for DIS ?

[waterloo01] 06/3/2018 17:15

Given the reputation of brokers at the moment it's a shame it doesn't also confirm they won't lend them out in the next 6 months. One also wonders if TP are playing nice re regular fees as they know they are about to get a much larger fee in any raising.

It takes cash to launch properly, especially into the USA. Has Don still got the drive? It's not been a quick business to date.

[a_2_b] 06/3/2018 13:47

Personally even if it was 2.75 I wouldn't even consider that top slice imho

[petersinthemarket] 06/3/2018 10:42

advfn trades are as inaccurate as usual this morning. Quoting 1.95/2.15 bid/offer.
But the 10:29am ''buy'' of 100k sh @ 2.75p was in fact my top slice sale.
pete

EDIT- sorry - I meant 2.075 as spotted by some.

[dante17] 05/3/2018 20:01

Was that 800,000 a buy?

[baticle] 05/3/2018 20:00

It's been an interesting couple of Days here, There's never too much to say when you see the share price falling without just cause. Technically the company has become very cheap again and a good buying opportunity and I have added on a couple of occasions. Not tasted the new Gin Yet....I liked the old one to be honest but must get myself down to a Sainsbury's to buy and sample the latest offering.

[lr2] 05/3/2018 19:38

What took you so long?