Distil Share Discussion Threads

[arblakey7] 13/4/2023 10:46

Hate to admit it but I think DAZ is right.....Can't help but think there was a important reason why they changed distributor before christmas peak...(?)

[daz1712] 13/4/2023 10:36

So basically the revenue in the Uk market has fallen 40% due to bad management ie changing the distribution weeks before busiest period of the year, Trove is not for sale anywhere, unless I’m mistaken? Diva vodka?
Let spin the driving growth though export markets story, that should keep investors interested! All looks like spin and Hope rather than a business plan to turn this into a profitable company imo

[thepopeofchillitown] 13/4/2023 08:15

They burned through £1m in cash in 12 months. Things need to turn around pretty quickly. This might recover from this point but there's nothing to suggest it will ever reach the highs of several years ago. I don't currently hold but will continue to watch.

[haggismchaggis] 13/4/2023 07:41

Possibly, but need to wait for the next update or two to see if their forecasts turn into reality, and see how much cash is in the pot then, hopefully it'll be going up instead of down.

[lr2] 13/4/2023 07:23

Corner turned?

[petersinthemarket] 31/3/2023 13:35

''............he's created no shareholder value in 13 years at the company.''

Agreed - In fact, the opposite - he has substantially and deliberately diluted shareholder value at least twice during his tenure and several times taken me down from a healthy gain back to under water again.

''...........and Roland will become the boss.''

Not sure I fancy the idea of an absent Austrian taking the reigns, but someone needs to get a grip sometime, or this frustration will go on for ever.

I am prepared to give DG another chance. The new distributor is aggressive and the Scottish set up could be really good, once it's active.

Reporting within the next two weeks.
I'll be very interested to see the detail and especially the Outlook.

[haggismchaggis] 31/3/2023 12:37

Peter,
.
Distilling of Gin has to be done in Scotland to keep it in line with the sales pitch, where they use botanicals from Scotland. There was some negative press about 2 years ago, slamming Gin's that made out they were made in Scotland but were not even close to it.
.
The BHC distillery might still be of interest for making other products though, especially if it can be picked up for a bargain price.
.
I can't see DG being here much longer, he's created no shareholder value in 13 years at the company. He'll retire I think, and Roland will become the boss. According to the link below he is 67, and is on £170k a year. Distil to him has just become a gravy train, he can achieve no shareholder value for 13 years and still gets paid £170k a year. Get rid, he's had his chance, it's time to give it to someone else.
.

[petersinthemarket] 31/3/2023 11:04

Yes Haggis, that occured to me too, but I suspect DG is trying hard to keep some cash in reserve until the new distribution strategy is seen to be delivering improved revenue. I notice that the stocking routine at my nearest Tesco Extra has been working normally for some weeks now, so something is going well. Returning to BHC, I also have to say that, back then, I was less then keen on a link with a honey company. To me, it smacked of groceries, rather than booze, so I was not unhappy when it was abandoned. Their distillery in the south would have been an interesting asset, but DG seems to be consolidating all liquid production in Scotland now. I assume the bottling will still be done in Leeds. I wish DG was a bit more forthcoming on general progress. Only offering statutory reports leaves us in the dark too much and tends to turn each of his occasional announcements into something of an event.

[haggismchaggis] 31/3/2023 09:43

Peter,I wonder if DIS will buy the assets of British Honey Co off the Administrator for peanuts?

[haggismchaggis] 31/3/2023 09:39

The last few years DIS has announced its trading update on 6 April, 9 April or 14 April. So hold onto your hats!

[tommyjnewton] 09/3/2023 11:49

It would appear that one million shares were turned around this morning at a 20% profit. Just in 34 seconds (!) Somebody managing to make money out of Distil....

[petersinthemarket] 03/3/2023 18:25

I agree 100% - I wouldn't have disrupted the supply chain a few weeks before xmas either, but maybe I'm not in possession of all the facts. DIS are not the best at giving us detail. Having conversed with them, I know they have a dread of giving even a tiny bit of info to the opposition. And they know the opposition well, as the boss used to work at a high level for them.

[gipps] 03/3/2023 17:57

I still find it hard to understand why they would spend all that money on an advertising campaign when the supply route was disrupted i just think it was waste of money .What do you think Pete ?

[petersinthemarket] 03/3/2023 16:56

Good news would be great, but I doubt it. I would love to be wrong, but it may just be because there have been a number of chunky share purchases up to and around the 1 million mark, both today and in recent weeks. Some may be assuming that an investor is gradually amassing a larger stake but, in my experience, the really big moves dont happen like this, they more usually occur as large private bargains offline. This company is fairly tightly held now and 1 million share buys have a disproportionate, if temporary, share price effect. What we already know is that the FY figures in March are not going to be what we would have wished for, due to the unexpectedly lengthy supply chain disruption and the major loss of xmas/new year sales caused by the change in distribution policy. Although it has not be widely debated here, the company also stopped making vodka and gin in the Midlands at the end of last year and has transferred production to Scotland prior to opening the new Ardgowan centre. All in all, I suspect it will not be until the H1 TU that we find out whether all the moves are working as intended. In my nearest Tesco Extra in SW Wales I noticed considerable disruption to RedLeg supplies for most of the back end of last year and I had to buy mine from Amazon, but I can now say that there have been several weeks of consistant supply and a more normal movement of bottles off the shelves. I hope that all the bad news is now in the price and we can soon start to see the benefit of all the hard work the guys at Distil have been doing. Have a good weekend all. pete

[gipps] 03/3/2023 15:50

Up 20% puts this at number 6 on the leader board today.News ?

[petersinthemarket] 15/2/2023 14:25

''Someone already invested might buy it at the rock bottom price?''
Like who?

[daz1712] 11/2/2023 10:29

I personally think the rock bottom share price is zero
April trading update can’t really offer any advantage as it’s traditionally the quiet period for the drinks business. Running out of cash and putting the business into admin is a possibility imo. Someone already invested might buy it at the rock bottom price?

[haggismchaggis] 10/2/2023 16:39

Peter,

Yes, looking forward to the Aril trading update where I think things may look a lot better. Possibly we'll get an update on Ardgowan or a new market before that, who knows!

[petersinthemarket] 10/2/2023 11:31

Hi Haggis, yes, it is a shocker, but as you obviously know already, this is a particular problem for low value shares as one penny, or even a fraction of a penny, will make a huge percentage difference to the share price The new distribution issues are plainly taking far longer to straighten out than we hoped and unfortunately we can do nothing about it except wait for the new set-up to accelerate. Very frustrating but, for the commited, it is at least possible to take advantage of a rock bottom share price yet again.
pete

[haggismchaggis] 10/2/2023 09:04

9.1% down on no trades???

[petersinthemarket] 23/1/2023 18:03

Yes, a 1.1m share buy according to LSEast

[gipps] 23/1/2023 12:34

Some activity today ?