Distil Share Discussion Threads

[waterloo01] 08/4/2016 12:46

Peter, I should probably have said 'disappointing management' rather than bad, although it's been a long wait since he left Diagio to actually deliver some positive numbers!

[petersinthemarket] 08/4/2016 12:12

Some of us on here have been truly frustrated by some of the BoD's sudden and unannounced policy changes but imo all their decisions have been aimed at the right end result. Progress has felt very slow at times but it is only a couple of years since they decided to completely rejig the business and it takes time to develop and distribute new brands. The success of this company is reliant on selling a few dozen bottles to each of thousands of different outlets against stiff competitor opposition and it takes time and capital to build a good reputation. They now have an encouraging and growing user base in several countries. Most of us on here, even the grumpy ones (especially me), actually believe we are at last getting close to break even. Once that marker is passed I truly believe that the share price will fly away. FWIW I think that ''bad management '' is one of the few grumbles I wouldn't agree with. gl, pete

[waterloo01] 07/4/2016 10:09

Taken a small position (again) on the off chance they do some better than expected numbers. Still feel this is badly managed (as evidenced by the lowly market cap) despite DG's Diagio background, but worth a small punt post the 1p raising.

[petersinthemarket] 07/4/2016 09:21

''Dante 31 Mar'16 - 1394 - Yes Pete, waiting patiently and impatiently. Can't understand why these ridiculous Americans need more than a year to approve the importation of an alcoholic beverage .......''

It couldn't just be deliberately slow on anything not made in usa, could it?

[berny3] 01/4/2016 15:53

Redleg has moved higher in the popularity rankings on Tesco online.

[berny3] 01/4/2016 07:43

FY 2016 over. The movement in price can work both ways. The price is governed by the available stock to the market makers. The market would seem pretty tight hence the smallest trades are moving the price. The company has released a lot of information with figures and by going back through the figures yo can get a general sense of where figures are currently. For instance last release in January stated Q4 2015 had 71% increase in revenue YoY on 31% increase in volume. From that you can estimate that gross margins have improved as the difference between revenue and COGS have improved. COGS being usually driven by volume sold. You can apply these figures to last year results (6 months ending March 2015)and add to first half figures (6 months ending September 2015) and arrive at rough estimates of where results would be. I think a few of us have put up our estimates previously. The board has also expressed in the most recent statement Jan 2016 "We are confident for the fourth quarter of the financial year and expect full year performance to be in line with the Board's expectations."

Half year results Oct 2015
"On the cost side; we reduced administrative costs by 16% as we secured the last of those benefits coming through from our reorganisation last year."

"We remain confident that our strategy of developing and supporting our brands in key markets will enable us to continue to grow revenues across the portfolio. Accordingly, we expect our encouraging 1(st) half performance to continue and are confident for the full year, which we expect will be in line with market expectations."


Last year end results:

"
-- Gross profit from owned brands increased 20% from GBP338k to GBP406k
-- Margins on owned brands rise from 46% to 61% for the same period, year-on-year.
-- Total administrative expenses reduced by 21%
-- Operating loss reduced by 22% from GBP367k to GBP286k
-- Cash reserves of GBP511k at 31 March 2015.
Don Goulding, Executive Chairman of Distil, said:

"We have now completed the transition from being a third party brand distributor to a brand owning, brand focused business. Despite delays in the early part of the year we made solid progress in the second half with developments in the USA and continued growth in the UK. New listings for our brands in many leading bars and pubs together with one of the biggest UK multiple retailers have increased consumer awareness and trial of our products. I'm delighted to report that this level of improvement in our trading has continued into the new financial year and we are therefore optimistic looking forward."

Added to this most recently we have had a fund Milton Capital (do some research on the fund manager behind this. He is no fool and one of the best in SME investment). They invested at a premium to trading price. Why? They must have carried their own research on the figures..

To me the great developments in this financial year are the listing of Redleg in Sainsbury (400 Stores) and Tesco (700 Stores). Previous to that Blackwoods was listed in just Sainsbury (assume same 400 stores as Redleg is listed in now.) Therefore the company has achieved a listing in additional 1,100 stores just on the supermarkets. Redleg has also been more widely distributed in the On sale market in the UK as well along with Blackwoods Gin.

Lets see what the results say when they are released.

[dante17] 31/3/2016 17:17

Yes Pete, waiting patiently and impatiently. Can't understand why these ridiculous Americans need more than a year to approve the importation of an alcoholic beverage (RedLeg). It would have been quicker to get approval for surface-to-air missiles for goodness sake. Also looking for more clarity on the launch of the new drink mentioned by the analysts, and info on whether jagos will be relaunched this autumn.

[petersinthemarket] 31/3/2016 16:10

Dont you think you these share price sags and lurches occur on surprisingly modest trades? It only seems to take a £thousand or two to markedly influence the share price We need news again. Without an occasional news injection the patient starts to flag. A very quiet thread but I assume we are all still in and waiting for the big day? GL, pete

[berny3] 30/3/2016 13:13

Blavod now available in LA

[berny3] 24/3/2016 12:51

Another US outlet in Bay City, Michigan

[berny3] 23/3/2016 09:36

mention in the independent

[berny3] 14/3/2016 23:00

a new place in the US stocking Blackwoods Gin

[lr2] 14/3/2016 15:31

Someone just bought 500k shares making almost 2 million bought today vs about 500k sold.

Edit at 15:35 - buy price now 1.025p.

[lr2] 14/3/2016 15:07

You could buy (and some people did) at 0.98p until about 13:30 now the buy price is 1.0325p. Overall there's been more buying than selling today. Real take-off begins at 1.07p according to my chartist friend.

[berny3] 14/3/2016 07:42

Have not posted for a while about new outlets (been pretty busy) but Conversations on Blavod from the States continue and General appreciation of Redleg remains.

[berny3] 12/3/2016 12:50

Came across this on twitter. Is this new, Blackwoods Gin in Tesco?

Blackwoods Gin ‏@BlackwoodsGin Mar 10
@RobynIndia you can purchase it at either Sainsbury's or Tesco, we hope you enjoy! 🍹😆

Another site worth watching is below this gives out all drinks that are registered under TTB in the US.

[dante17] 12/3/2016 10:04

My thoughts exactly mr. Angry. It's no coincidence that the only brand mentioned specifically in the RNS was RedLeg.

[mr angry] 12/3/2016 09:10

Maybe I'm reading too much between the lines, but my first thought when seeing this was that a placing at a premium is a bit unusual, so the implication may be that US approval of Redleg is imminent and the cash is intended for a US marketing push.

[boffster] 12/3/2016 03:00

Pete, you've got to bear in mind that doing a rights issue would have cost a lot of extra cash in admin, also it would have had to have been at a discount, all to raise a (relatively) pretty small sum of money, I don't feel like I've been done over here. Had I been asked to participate in the placing I would have declined anyway, while it is, or was, trading at a lower level

[mr angry] 11/3/2016 22:52

Reported elsewhere... Bero SCA, a company associated with the French de Rothschild family and a long-term existing shareholder, is participating in the placing to maintain its stake at 13.17%, subscribing for 8.2 million shares.

[petersinthemarket] 11/3/2016 19:03

Great to see a bit more life in the thread, but the upshot is still that PI's have been shafted - again. No chance for PI's to join in the placing and now we have a 12% dilution. Helping Miton to get in is probably a normal enough way for a company to acquire additional development capital but why the secrecy, and what about the undeclared ''others'' described as ''certain existing shareholders''. Who are they? Mates rates. I do understand that we are on aim here but the continuing poor treatment of PI's is still frustrating. Have a good weekend all, pete

[boffster] 11/3/2016 16:27

Excellent to get a placing away at a premium to the shareprice, very unusual to get such a good deal, bodes well for the future.

[kmann] 11/3/2016 14:27

Worth a Gary Newman update. Its one of his buy tips. He's a good bloke gary, well grounded.

[lr2] 11/3/2016 13:55

Except me, I was just following the others. :)

[risk1] 11/3/2016 13:53

Whoever bought prior to rns needs investigating imo