Distil Share Discussion Threads

[haggismchaggis] 09/4/2022 22:28

Peter,I did notice that too, and it surprised me too. Maybe they think it's time to resurrect it?

[ny boy] 08/4/2022 18:22

Watching paint dry for a while then!

[petersinthemarket] 07/4/2022 12:24

Did anyone notice, the TU heading mentions Diva Vodka. Why? We still own the GemDiva trade mark but, to the best of my knowledge, we haven't made any Diva for many years.

I note that Jago is still completely missing too. Dropped years ago. Shame, this was created by Tom Jago and had very few competitors, only one in reality, and that was the other one that Tom created for a different company.

[petersinthemarket] 07/4/2022 11:53

#10136 - I don't disagree with your sentiments Haggis, but unfortunately imo the chances of RG taking us 100% are slim.

At his current holding he would only need a few more million to reach the critical 30% where he would be obliged to make an offer for the rest. He will be well aware of that and imo would have done it by now, if he was going to. He is a multi millionaire with a large, broadly spread, successful business. I suspect his only interest in us is as a route to his passion, which is whisky, which he is already doing.

I have carried out considerable research on RG's empire. Most of his money has come from his employment agencies in Austria, Germany and across a broad sweep of eastern europe.

As you know, he also has spirits interests in Austria, Australia, London, Scotland and DIS. I suspect he makes good money out of his Austrian retail/wholesale spirits business - at last count, 1250 different products, the bulk of which are Scottish whiskies. I doubt he makes anything out of the others.

He has occasionally bought a business outright, but only where control was essential. More commonly, he only buys a big enough chunk to give him insider influence. And that's where we stand with DIS today.

Supposing for a moment that he did buy DIS, he is resident in Austria and would be unable to spend 3 days a week plus to manage DIS effectively. As it happens, this would certainly not bother him. In his other businesses, he has usually been an absent owner and occasional visitor and left the original owner to run things for him.

Without inside knowledge, I could obviously be wide of the mark, but I strongly suspect he's only here for the whisky and wouldn't want the rest of our business.
pete

[haggismchaggis] 07/4/2022 11:15

You could be watching for a looooooooooooong time :-D

[ny boy] 07/4/2022 10:42

I’ll buy a chunk when there is some decent volume and a move higher, until then …on my watch list.

[ny boy] 07/4/2022 07:54

Good point, forgot about ISA day!

[haggismchaggis] 06/4/2022 22:04

NY Boy,The 2.5m is obviously a B&B into a new ISA today, so they are not sells, one is a sell and one is a buy into the new ISA.Didn't you know it was new ISA day today???

[haggismchaggis] 06/4/2022 21:59

Peter,RG should just make an offer and take the whole company private, as it's not doing a lot for investors so what's the point of it being listed or of investing in it? Investors want returns, but so far they have only occurred through the protracted ups and downs of the share price over years, with any meaningful return still only the promise of the sale of a brand like RedLeg, which is taking forever. My holding here is not huge, and only a very minute part of my portfolio, so I leave it in the hope it goes boom one day, and makes the wait worth it in the end.

[lr2] 06/4/2022 21:33

NY Boy filtered for being a wind up merchant.

[stuart little] 06/4/2022 21:23

They will have been transfers to ISA's. Carried out at the bottom end of the spread.

[ny boy] 06/4/2022 20:55

Ok thanks for that

I noticed to two 2.5M sells @ 1.1, PI throwing the towel in?

Last buying inside the spread was 1.34

[petersinthemarket] 06/4/2022 18:51

Well said Haggis - some folks are too lazy to even read the TU's. DIS generates excellent cash and has no debts and plenty of cash in the bank. It does not need to raise any cash in the market.

As for the possibility of a bid. Pure speculation, but enormous fun. There are several companies out there who should be interested, as I have tried to point out in the past. With the historical links between two of our board members and Diageo, I'm very surprised that they haven't yet stuck their nose in. Without doubt they know that RedLeg is a major competitor to their fake rum as it's on the same shelf right alongside them in my stamping ground. If they spent a few quid buying DIS it would be much cheaper than spending the millions they are dishing out to prop up their under strength Captain Morgan.

[haggismchaggis] 06/4/2022 16:49

NY Boy,

Read the last results RNS.

They do not burn cash!!

"Cash generated by operations +£100,000"

The only reason they have done a placing in years is to fund the expansion into Ardgowan Whisky, and the loan to Ardgowan pays DIS a regular income plus interest.

No chance of any fund raising, simple.

It's fallen away because it has not offered the quick buck returns of many other stocks. It's a buy and hold for 2-3 years from here, based on Argowan distillery returns, or for a bigger return the chance that DIS might sell one of it's brands or a bid comes in for the whole company,

[ny boy] 06/4/2022 16:05

What’s their monthly cash burn, enough cash left this year or another raise being priced in, why has this fallen away?
Not invested just having a look

[stuart little] 06/4/2022 11:53

Fortunately I only bought in fairly recently. Unfortunately it was taking part in the 2p TP placing! Patience is the key here now and should be rewarded, as it normally is on AIM.

[haggismchaggis] 06/4/2022 11:50

I think I've been here longer than that. Should have quit at 3.5p, but even at that it was hugely undervalued, and SG was telling us RedLeg was worth more than the MCap at the time. With the growth of the brands since then, and the new one's, and cans, etc, this is now massively undervalued. But HTF is it going to get properly valued? If nothing much happens to the share price in the next 2-3 years that will be it for me.

[skinny] 06/4/2022 11:32

I've only been here 10 years ..... 🙄

[janekane] 06/4/2022 11:29

Good luck to all of us but this has been the same for how many years I forget

[petersinthemarket] 06/4/2022 10:57

Well pointed out Skinny - quite normal for DIS - it's always a bit like that with this share. Lots of buys this morning, but they missed a bargain by not buying much cheaper a fortnight back. As has been repeated many times, this company is not a short term punt, but as even the most occasional contributors know full well, buying at a bargain low when you see it will always yield a useful gain for the patient.

[skinny] 06/4/2022 10:11

The real spread is @1.225 -> 1.4p

[stuart little] 06/4/2022 10:01

Stupid spread but that really only affects short term traders. I agree it's not a T20 punt but as an investment I think there a return to be made given time. It's a slow burner though for sure!!

[janekane] 06/4/2022 09:50

Haggis
The chance of making money on this with a 33% spread is minimal good luck to all of you but
CAVEAT EMPTOR

[haggismchaggis] 06/4/2022 07:39

Nice update. All still going well. Blackwood's still growing. Redleg still the brand worth the most money and the brand we should sell ASAP to take this company to the next level with multiple new brands funded. DIS hugely undervalued. Not much else you can say really, is there.