Distil Share Discussion Threads

[berny3] 15/10/2020 13:51

Pete, LRGS flag?

[janekane] 15/10/2020 13:25

Putting this without anger or bias gleach or Pete can you explain what “overhang “ means

[petersinthemarket] 15/10/2020 13:24

LSE reports LRGS flag at 11:20:39am at 1.18p for 1,100,000sh off book.

[berny3] 15/10/2020 13:18

What price for 1mln gl

[gleach23] 15/10/2020 12:33

As an update on the available limits, with the share price not far off yesterday's levels and a decent update in the bag since, it appears one can currently buy 1m shares yet only sell 1k.

Funny old game.

[berny3] 15/10/2020 11:19

Currently a Pete, my target remains at £20mln market cap. However, with the growth in export sales that maybe increased but need to understand full year.

[petersinthemarket] 15/10/2020 11:09

Jane - I feel you too often keep reminding us about your loss making position, that's all, but maybe I misunderstood the mood. Good luck to you. I'm sure your situation will right itself in due course.

The share price has done what it usually does today, one sudden rise then falling back again, but hopefully to another new high. Distil stock seems to be becoming pretty tightly held and moderate trading causes quite sharp changes.

If RG has any thoughts about acquiring a few more cheap shares, it's beginning to look as if he might be missing the boat.

Given the new figures out today, can any of you accountants out there take a shot at what the current fair value should be?
pete

[gleach23] 15/10/2020 10:49

exactly berny3 - pretty fundamental really

Obviously yesterday we had the Stock Spirits news and with Interims pending here there was a high chance of a move up. Fortunately although there were only 100 shares available @ 1.3p at one point yesterday I was still able to go long on a spread bet, which is what I look out for. It was also clear this morning that there were plenty available to buy with the Offer @ 1.5p despite the fact that almost 1m shares had already been bought at that level.

[janekane] 15/10/2020 10:45

Fat finger

[janekane] 15/10/2020 10:44

Pete if this bb was just for people who think this is the best thing since sliced bread then we would never be a bb for all people’s questions
What part of my previously posted thoughts we’re angry

[berny3] 15/10/2020 10:38

Jk ability to buy is impacted by price. Note that buyers have paid considerably higher than yesterday and therefore been able to buy.

[petersinthemarket] 15/10/2020 10:28

Jane - hi there - sorry, but you seem to be in angry mode again, as if your financial plight is Distil's fault - but it was your choice - it was your judgement - it was your buy decision.

I bought when it was higher too, so I got it wrong too. We all get it wrong sometimes.

If we are going back several years I also had a relatively high average cost, and I'm still a little underwater, but I brought it down considerably by buying when it was dipping closer to the 0.65/0.70 area - as you recommended at the time.

I remember you saying then that it was time to buy and anyone buying then would make profit. You were absolutely right about that. For the same reason it was also the right time to average down.

I take it that you do now believe that we have a solid growing company here? It is a bit frustrating sometimes, in fact very frustrating sometimes, but this company is a winner and holders will be winners too.

Today's results are absolutely excellent. They would look excellent at any time, but with the background climate of covid issues this year it is plain that we have a seriously good management team and it seems likely that they have more new product ideas to come yet.
rgds, pete

[janekane] 15/10/2020 10:24

Yes I agree but with the probability of a massive recession bigger than the 1920s then any predictions re share price is worthless
What happened to gleashes post yesterday that he couldn’t buy more than 100 shares yet today we are over 1 million more buys than sells
My belief is that the mm have got rid of a slice of the overhang that they are great full to get shot
Tomorrow will be the crunch day regarding share price this being dependant on A reporter’s pen

[the_real_mr_big] 15/10/2020 10:07

Jane - I have a suspicion that the current economic climate is doing us a favour, as people switch to less expensive brands...

Time will show.

GLA.

[janekane] 15/10/2020 09:59

But not in this current financial climate

[berny3] 15/10/2020 09:03

We should have an analyst update on the back of these. If you look at profits half year very close to last years full figures! 154 vs 182k

We had 181k profit made last year final 6 months, just using those figures 336K FY that gives Market cap on a pe of less than 20 with profit growth of 80 - 100%. That is an out of line valuation in my opinion. There is easy 100% growth rate here in share price just based on these half year figures.

[janekane] 15/10/2020 08:36

We need another write up in the Midas tip sheet Sunday mail
This was tipped on the 15/07/2017 @ 2.48p but has been in The doldrums Mainly in the months / years after this tip
Lots of us longer term holders who bought in years before this date are still showing losses in the 40===50% range
Good luck to all holders and the people who are now showing considerable profit Now

[someuwin] 15/10/2020 08:14

More innovative products to come!

RedLeg is becoming a true multi-product brand. Which will eventually be realised by a much higher sale valuation.

[rakepat37] 15/10/2020 08:08

Great set of results ... should push towards 2p

[the_real_mr_big] 15/10/2020 08:05

dolittle - receivables up - cash irrelevant unless you expect all debtors to go bust. Sufficient cash to continue the operations. Inventories also up.

Good results, especially in current economy.

DIS shall rise again!

[chinese investor] 15/10/2020 08:03

Good Start !

[someuwin] 15/10/2020 08:03

Very good results.

[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.