Distil Share Discussion Threads

[berny3] 15/10/2020 07:57

Dol if you read results cash position reduction is due to stocking up inventory to meet demand for year end. Quite the opposite to what you are saying extremely strong results.

Partnership with Master Distiller is something I would like more info on.

Exports increased 165%; UK sales 121%
Blackwoods Gin +74% Redleg Rum +139%
Net asset value +15.12%
Ongoing partnership Master Distiller
Exit 2020 in a stronger position.

[dolittle1] 15/10/2020 07:53

Neutral update with cash resources down to £550k from £850k.

[haggismchaggis] 15/10/2020 07:47

Great set of results. RG will be loading up again with even more confidence, and so should we. The MCap should be £10m minimum, more like £15m to £20m with this level of growth, especially when you account for restrictions caused by covid.

[berny3] 15/10/2020 07:18

Exports increased 165%; UK sales 121%
Blackwoods Gin +74% Redleg Rum +139%
Net asset value +15.12%
Ongoing partnership Master Distiller
Exit 2020 in a stronger position.

Good results in my opinion

[skinny] 15/10/2020 07:05

.

Financial Review - versus same period last year:

-- Revenue increased by 128% to GBP1,878k (2019: GBP824k)
-- Gross profit increased by 107% to GBP1,032k (2019: GBP499k)
-- Volume (litres) increased by 87%
-- Investment in brand marketing and promotion increased by 158% to GBP565k (2019: GBP219k)
-- Other administration costs increased by 10% to GBP307k (2019: GBP279k)
-- Operating profit of GBP154k (2019: GBP1k)
-- Cash reserves at period end of GBP570k (2019: GBP836k)

more.....

[daz1712] 14/10/2020 22:18

How long in the microwave?😀 Thought I saw a £35 share buy today are they doing a share dealing service now?
Joking apart the more outlets the better👍

[lr2] 14/10/2020 22:17

Out of stock though.

[bprofit] 14/10/2020 22:12

I have never heard Iceland mentioned here before and it seems they are selling Redleg too..https://www.iceland.co.uk/p/redleg-spiced-rum-70cl/82742.html

[daz1712] 14/10/2020 22:03

Seems to definitely be a stock issue with Redleg, got to be over demand from the 70% extra forward order for September, would guess they have exceeded this and now waiting for the delivery?
Not a bad situation to be in if correct

[berny3] 14/10/2020 21:55

High demand coming through.

[bprofit] 14/10/2020 21:42

Amazon only have 3 bottles left in stock... Interesting to note that many different drinks products on amazon are showing with very low stocks available....Looks like people are panic buying again.

[bprofit] 14/10/2020 21:32

Two ways to look at it.. 1. Stock issues 2. Massive demand they can't keep up.I hope it is the later of those and they do catch up quickly. My local Tesco did not have the Franklin and sons cola today but I was told it was being delivered tonight and should be available tomorrow. Will check it out tomorrow.

[daz1712] 14/10/2020 21:17

Morrison’s had no online stock on last weeks home delivery and tried tonight still out of the Redleg Original. Supply chain issues not good, plus it’s on at 15.99 so reduced from £20 so maybe it’s either flying off the shelf or the last update on forward orders for September has not gone to plan, either way not been able to easily buy a product for a week gives the competition an easy edge.

[gleach23] 14/10/2020 15:35

Snap Peter! Spooky

[gleach23] 14/10/2020 15:34

Today's statement from Stock Spirits should help sentiment?

"Stock Spirits Group PLC ("the Company"), a leading owner and producer of premium branded spirits and liqueurs that are principally sold in Central and Eastern Europe and Italy, today provides a trading update for the year ended 30 September 2020.

Overall trading for the year was ahead of our expectations. The impact of COVID-19 in the second half has been less than initially anticipated, with a strong Off-Trade performance being driven in part by On-Trade restrictions, lock-downs relaxing earlier than our prudent planning assumptions, and our brands benefitting from the trend towards staycations."

[petersinthemarket] 14/10/2020 15:33

Some regulars on here may remember that I posted a write-up on Stock Spirits Group Plc in June (see #8362/30jun2020). Their rather ambitious CEO had initiated various tie-ups with other spirits companies in order to expand his European business and it seems to be working for him.

Stock Spirits Group has just posted a TU (see #The Spirits Business/14oct2020) for year ended 30 September stating that cash flow was strong and that covid has affected their results less than expected, largely due to off trade sales.

Unlike ours, the company's distribution is heavily dominated by vodka sales in eastern Europe, but the reference to the strength of the off trade is still interesting as we have probably been dependent on it ourselves for much of this year. It might also bode well for our Blavod Black Vodka which is exported into the same region for us by our German partner.

[gleach23] 14/10/2020 12:46

Can only get a quote to buy 100 shares currently.

Hoping for a next step up from here that takes us over 1.4p.

[janekane] 14/10/2020 08:38

Question
Any one know the date of next trading statement

[berny3] 13/10/2020 19:13

BF brown Foreman? Agree Pete very interesting development in the market. Let’s see if it translates to positive growth in sales

[petersinthemarket] 13/10/2020 18:14

The RTD/RTS business seems to have hotted up over the past 12mths:
13oct2020: See The Spirits Business for full article: US drinks firm Brown-Forman has agreed to acquire ready-to-drink producer Part Time Rangers for an undisclosed sum. Part time Rangers is a 2yr old RTD business in New Zealand and BF want to expand their RTD offering in NZ and Australia. BF own Jack Daniels and they claim their RTD's sell more than 10 million cases. In addition, in July 2020 BF said they are very open to additional gin acquisitions.

[chinese investor] 13/10/2020 13:08

All Good !

[berny3] 13/10/2020 10:27

Daz, why are you looking at 5 year? I am looking YTD and comparing to over 20% decline in main markets.

You also state it should be paying a dividend. Not sure that is possible until the capital accounts are replenished. The deficit in the capital account is a positive taxation outcome however which allows the company to reinvest excess positive cash flow back into building the strength of current products.

The company is in an exceptionally strong financial position with high gross margins, high percentage sales increases, great market (uk) penetration, formation of strong partnerships with Distil in a great negotiation position in these partnerships.

Increasing debt and reducing margins weakens the business and makes it less attractive to an acquirer.

You may disagree Daz with my views but that is good and creates a market, have a great day