Distil Share Discussion Threads

[cockneytrader] 27/7/2021 00:59

Why would Roland Grain want to takeover Distil? Maybe he sees value that others are blind to.

[tommyjnewton] 27/7/2021 00:52

Daz is right IMHO. Ronald Grain is looking for a backdoor takeover. Every progressive dilution will see him get a larger percentage of the company. Small investors will be walked all over.

[cockneytrader] 26/7/2021 23:23

Scottish whisky requires a minimum of three years to mature. The first release from Ardgowan expected 2028. However, if you had read the general meeting release you would have noticed that Distil will produce non aged spirits there as of 2023, and Max McFarlane will blend Distil their own whisky series from a collection of distillers in Scotland - the first of which will be with us this year.

[daz1712] 26/7/2021 22:05

I thought whiskey took at least 10 years to produce? So much for building brands and selling them on to the big players, all the stakeholders are going to be waiting a very long time for a payout.
A great opportunity missed with Redleg, the only brand worth anything pushed back for this backdoor takeover
Glad I sold my shares

[cockneytrader] 26/7/2021 18:23

Have to agree with Haggis. The purpose of equity markets is to raise capital. IMO, this is an excellent opportunity for growth and we now have Max to blend our whisky for a 2021 release. Wonder what we should call it? Can you call a scottish whisky Mardi Gras?

[haggismchaggis] 26/7/2021 15:45

Maybe not from DIS, but nothing is stopping investors buying at this low price.

[haggismchaggis] 26/7/2021 15:43

You don't seem to understand how the stock market works. Small cap companies are listed so that they can raise cash from investors. If they wanted to borrow from the bank there is no point being listed.Don's plan has always been to keep the company debt free. Investors like debt free companies that can stand on their own two feet. The deal is a great one even at the price and dilution, because it's not dilution for nothing, we get a world class distillery in our pocket, to produce our products and create new one's quickly. This deal is a whole different ball game for DIS.

[tommyjnewton] 26/7/2021 14:42

If the company had been more patient and had concentrated on selling the products it already has it would have raised money from the market at perhaps 4p a share. But no, it's all too easy to give into Mr Grain and feed the 'high net worth' individuals.

[tommyjnewton] 26/7/2021 14:37

It seems to me that the company is unable/ unwilling to sell itself to the banks very well when interest rates are at an historic low. Plus we have plenty of inflation on the horizon to eat away at the debt.

[haggismchaggis] 26/7/2021 13:00

Why would he borrow at stupid commercial interest rates when he can easily get the money from big investors and keep the company debt free?

[tommyjnewton] 26/7/2021 12:10

Haggismchaggis, if Don really believes that RedLeg is worth £30 million why wouldn't he try to convince a bank to lend him money instead of diluting shares at a mere 2p?

[petersinthemarket] 26/7/2021 10:50

I'm thinking nothing will happen until after the GM.

[haggismchaggis] 26/7/2021 07:23

I'm thinking the price will creep up again from here.

[haggismchaggis] 26/7/2021 07:20

RedLeg, £30m-£50m. Don laughed at £10m for it years ago, and it's a way bigger brand now.

[cockneytrader] 25/7/2021 15:16

Good article in the FT about old distilleries coming back online due to high demand and premiums. Distil could have their first whisky ready for Christmas.

I also imagine that with this change in their strategy (i.e. part owning a distillery) they might be thinking to jettison Red Leg. How much would it raise?

[cockneytrader] 22/7/2021 21:10

Expecting good things in the near, medium and long terms. For those of you who are unawares we have some interesting people on board. Roland Grain holds 20%, Baron Éric de Rothschild holds 13%. Over at Ardgowan, which Distil could own between 10 to 15%, we have Willie Phillips as Chairman, in a past life he was Managing Director of The Macallan, probably the best whiskey in the world. The whiskey maker is one Max McFarlane, his signature can be found on the 30 year old Highland Park. The stars have truly aligned.

[jamessmith23] 22/7/2021 11:39

Someone clearly offloading or just generally unhappy with the update. Maybe more growth expected? I'll be looking to buy if it drops to around the 1.8 level.

[chinese investor] 22/7/2021 09:04

Finger on the BUY button !

[guppy57] 22/7/2021 07:25

Can't see this corporate action on Barclays yet. Has anyone else?

[kaos3] 21/7/2021 13:51

thank you for the explanation

[cockneytrader] 21/7/2021 13:41

Scotch whiskey is big business and there are only 120 distillers in Scotland, many of which are owned by multinationals.

Whiskey from independent distillers is sought after and this is a fantastic opportunity to acquire a small stake in a distillery, which Blackwoods can call home. Not to mention the experts on hand to help us produce a whiskey to sell later this year.

[cockneytrader] 21/7/2021 13:33

5% interest and up to 15% ownership of the Ardgowan distillery!

[kaos3] 21/7/2021 13:28

if Roland owns Ardgowan - why did DIS not just simply sign a distribution and production contract?

as they are reliable partner anyway (Roland) and there is no need to strengten the relationships.

no need to limit 25 % of DIS capital to 5 % return - or even less - regarding the warrants.

What is the rational of doing 5 % (only) in this high growth well managed company?