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Share Name Share Symbol Market Type Share ISIN Share Description
Distil Plc LSE:DIS London Ordinary Share GB0030164023 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.525 119,890 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.45 0.60 0.525 0.525 0.525
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages 2.94 -0.10 0.03 17.5 4
Last Trade Time Trade Type Trade Size Trade Price Currency
15:30:51 O 655 0.60 GBX

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Distil (DIS) Top Chat Posts

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Posted at 07/2/2023 08:20 by Distil Daily Update
Distil Plc is listed in the Beverages sector of the London Stock Exchange with ticker DIS. The last closing price for Distil was 0.53p.
Distil Plc has a 4 week average price of 0.43p and a 12 week average price of 0.43p.
The 1 year high share price is 1.85p while the 1 year low share price is currently 0.43p.
There are currently 684,399,579 shares in issue and the average daily traded volume is 1,199,335 shares. The market capitalisation of Distil Plc is £3,593,097.79.
Posted at 12/1/2023 11:41 by chenghua
This company has consistently underdelivered for shareholders and imo the CEO should now seriously consider his position.

After being at the helm for what, 10 years (?) does he actually own any stock in the company? I don't think he owns a worthwhile percentage interest.

He managed the business prudently for a period when Gin and Rum were particularly strong and managed to deliver a small profit...and tbf he avoided tapping shareholders for any more money.....but the organic growth has been sporadic and even after 20 years of being a listed company that claims to create and develop innovative brands, it has never, ever, managed to sell one.

Shareholders deserve better.

The Distillery deal always looked problematic to me and I think it will take forever (if ever) for shareholders to ever see any value from that. In the meantime, the spike in interest in Gin has come gone and gone and very soon the positive wave seen in the Rum sector will likewise have gone too....leaving two brands that will require increased promotional spend to hold any kind minor foothold they may have once had.

Note the dwindling cash and the warning that Blackwoods and will require increased support due to the loss of a middle tier retailer (I'm guessing that's an outfit like Majestic or similar?)

Jagos and Diva - both rebranded and package redesigned over the years.....neither have done anything but both have incurred their share of the 'non-recurring' cost rubbish.

Blackwoods too. Only to lose outlets.

And finally the bizarre brand known as Trove. More non-recurring cost BS around that beauty too. And what has it done.

Why change distributor at the end of H1 and leave yourself open potential teething problems as you enter the all important Christmas period.

All in all, very poor.

Posted at 24/10/2022 10:22 by petersinthemarket
A bit more jam for tomorrow.

23oct2022: Ardgowan update.
- The building project for the new whisky distillery is underway and will be completed in late 2023. It will begin distilling in 2024 and will then mature whisky in sherry casks for a number of years. The first flagship whisky will be a 7yr old single malt with a maritime influence.
- Meanwhile, a gin distillery is being built on the same site with completion in the next few months. The gin distillery will allow relationships to develop with retailers and provide cash flow while waiting for the whisky to mature.
- There have been a number of key appointments with a talented new distiller on board, a new Chairman with deep industry experience, and a project manager for all the construction works.

DIS has an interest in the gin distillery and we can also expect a whisky blend in due course, but new single malts are some way off.

Posted at 21/10/2022 04:13 by daz1712
I know folks have missed my contributions on here, so Ill give a quick update on my views. I had a look at the latest interim results as I noticed the share price has tanked back to .75 from 3.2p when the announcement of the plans to invest in this development in Ardgowan was agreed with RG. With the latest results and new business model the income has fallen off a cliff and the costs have increased still further, with only 950k left in the bank if the direct distribution plan fails to secure revenues back to 2.5million surely the cash will run out within 6 months? If so will a new cash call be announced to prop up the new plan? Is the brand growth talked about growing from this new bottom line or the 2021 figures? From my own observation Redleg rum can’t be seen in Asda,sainsburys or Morrisons anymore no new shelf space in co-op or Tesco locals. Can they confirm these will be back in the shops before Christmas(I doubt it). Building brands and selling them has been dropped and the current shareholders are been used to fund a new whiskey Visitor centre. Profit and growth are only talked about, shareholders return are massively overlooked by the folks managing this little business. I think things could only get worse if Lis Truss and Kwasi get involved in their next project 😆.
Maybe I’m wrong and I’m sure Pete will spin it, but I’m definitely not investing back it a .75 even if Jane gives the go ahead we can’t lose at this price. Good luck

Posted at 26/7/2022 14:34 by kaos3
my agenda is that you (that I read with respect) and others convince my self that I am wrong in the statement that RG is "using" DIS (at a slight costs to the others shareholders) for his personal goals that are not 100 % aligned with the other shareholders.

"He has no DIS staff and no DIS decision making authority." you said - but I see profound changes since he is around.

it is him imho that is driving the changes - changes like getting "him supported" by DIS investing into a small stake in distilery - when capital is needed in a small Co for its own DIS business purposes. financial or other rewards from this project are far away - as it is claimed to be a long term investment. illiquid too probably.

Distribution changed too

etc.

I see his hand despite what you suggest....

Otherwise I like DIS which has potential - so I am observing it... to buy back in. After I am sure about RG and the share price is right and the "remake" shows fruits ...

Again - I like DIS and I am just asking how the others see it on this specific issue (RG). I probably got all that there was to get on this BB atm. Thank you all

Posted at 14/7/2022 10:04 by petersinthemarket
Some folk should learn to read TU's properly and spend some time learning about the company. This is not a company to follow for a fast buck. DIS was stuck for some years with only DG to run it and he had to think of everything, and on a tiny budget. As a result of needing tight purse strings and consequently having only a handful of employees (including directors) that meant that of necessity many functions were handed to outside agencies. The last couple of years have seen big internal improvements. DG has generated a good product range, growing revenue and profits and a much strengthened BoD. Roland Grain was a welcome addition. He brought with him business experience, enthusiasm, cash and a broad range of contacts. Perhaps he does have his own agenda and his own interests, but aren't we all similar in that? In practice RG is a very importan man, but only one man in a very powerful team. Anyone actually serious about supporting DIS should consider the great range of strengths of each of the individuals on the Board. For many reasons, bringing distribution in-house is an excellent move. Once the Hi-Spirits agreement actually concludes, DIS will have much better control of it's own distribution, it's costs and it's own destiny.
Posted at 13/7/2022 09:12 by haggismchaggis
It's not dreadful at all, you clearly do not understand what they are saying. Yes there's a delay as the business model changes, but there's nothing dreadful about it at all. The drop in revenue is simply because the existing distributor is not restocking (as they have loads, and DIS terminated their agreement), but with the new distribution coming online, those sales will not only be taken over by DIS, but more new outlets will start taking DIS products. Dreadful would describe a company going into administration, but DIS has no chance of doing that. DIS has always been one for investors with patience, either you accept that (as many of us do) or you invest elsewhere.
Posted at 11/7/2022 11:23 by petersinthemarket
#10214 - Waterloo – Your comments are perfectly valid and I have no interest in persuading you, or otherwise, but I'll take a run at the issues you note. The commercial manager is a good move. It is loading on yet another extra salary cost to be paid for out of profits, but he should more than pay for himself if successful. Since he comes from the deposed Hi-Spirits, we must hope that he maintains good enough contacts to continue making sales progress until the formal distributor change-over occurs in October. The new distributor appears to be far more ambitious and aggressive than Hi-Spirits and 1 October, although a bit tight, should just about see the main push occuring in time for xmas/new year sales. This must obviously already be factored into this years production and distribution planning. We should also see them help us with some progress, at last, for sales in USA. I think the new distillery is an excellent idea and plainly came from contacts made by Roland Grain's efforts. DIS will have a new home and a visitor centre for it's gin/vodka later this year and the agreement with Ardgowan should give us a whisky blend this year, pucka malts in 3yrs time and a guaranteed minimum 10% of Ardgowan's output. We should end up with a 14% ownership share in the distillery with Don Goulding on their BoD as our spokesman. If you have been following events, you will know that Roland Grain's main interest is whisky. He has been collecting them for many years. He owns a major whisky outlet in Austria and also has a share in a company who distributes our products in Australia. He is the leading investor at Ardgowan and a Director on our BoD so imo he will continue to push his and our common interests on that front. My view is that there has been very much more announced during the last year than just appointing a salesman, as you put it. A very strong base is being built for a new phase in our company's growth. My only gripe would be that most of us want to see an improvement in the value of our holdings now and find the idea of waiting for the near future to unfold a bit frustrating. The share price seems to indicate that the market feels much the same but, I am sure that, at some time, it will wake up to the potential of the unfolding story here.
Posted at 17/6/2022 16:07 by petersinthemarket
The reporting of comparative reductions in Revenue and Gross Profit in our 2021/22 financial year has yet again caused predictable damage to the share price.

Although there is little transfer activity of any size in DIS shares, most smaller traders have taken the usual superficial view of events and sold, probably at a loss. Not surprisingly, all the major investors (owning more than 3%), who own 40% of the issued shares, see greater value in the company and are holding tight. And so are the other roughly 30%+ who own less than 3%, but 1% or more.

It is important to note that the distorted perception was due to a massive leap in Revenue and Gross Profit in the previous (2020/21) year to £3.616m and £2.1m respectively. This was plainly a one off event, caused by the effects of the Covid pandemic. It was widely reported that many suppliers of alcoholic beverages saw substantial increases in on-line purchases and home consumption due to the depressing effects of the lockdowns which began in March 2020. There was also heavy overstocking by suppliers who feared disruption to stock movements and raw material supplies, especially across national borders. All of this has gradually unwound during the last financial year, bringing business back towards a more normal level.

The impressive 2020/21 results were a useful bonus, but they should not be allowed to mask the underlying business trend, which is excellent. If a more logical comparison is made between the 2021/22 year and the 2019/20 year, it can be seen that Revenue increased from £2.441m to £2.942m and Gross Profit increased from £1.446m to £1.629m, increases of 20% and 13% respectively. In fact both of these key markers have shown useful increases year on year (except 2021/22) since before 2017/18, indicating that our business is still growing well.

It may surprise some to learn that DIS has only 7 employees, including Directors. This is largely due to the fact that liquid production and bottling and the distribution of our products is, at the moment, farmed out to reliable partners. The company is tightly and prudently managed and the addition of Roland Grain and Mike Keiller to the BoD is already adding substantial benefits. Production of gin and vodka liquids has already moved from the Midlands to Scotland in anticipation of the completion of our own distillery and visitor centre in Inverkip, near Glasgow, around the end of the year. We also expect to see a blended whisky later this year and a new malt whisky in cooperation with Ardgowan in 2026 (whisky distillery opening 2023). The connection with the Ardgowan site is likely to prove very exciting and productive in the next few years.

In the meantime, we have a strong and growing range of spirits, currently dominated by RedLeg, but with good support from gin and with Scotch arriving soon. Our home market still forms the major part of our business, with exports comprising around 15% of total Revenue, but Export markets are gradually reopening and our products are well accepted in several countries. For example, our gin is very popular in the Netherlands and Spain, RedLeg has sold well in Australia and our vodkas are appreciated in duty-free and eastern Europe. There are still major administrative issues at the UK border, but it is hoped that these will gradually ease, to allow exports to become a more important part of our business.

In summary, DIS remains of little interest to short term traders, but serious long term investors are firmly on board, confident that the company is healthy and well managed with a sound and growing future.

Posted at 07/3/2022 16:47 by petersinthemarket
Thanks for response Haggis - I keep thinking I'm last man in!

I have never bothered to look at the high strength stuff. Always seemed too expensive to me, but I take your point about using less (if I could be trusted).
I drink rum neat, so it's no good for me, but the high strength stuff might work well for those using it as a mixer.

The legal minimum for spirits in EU/UK is 37.5abv, if you want to call it rum, etc., on the label. I note that our main rum competitor, Captain Morgan, is only 35%, but they don't have rum printed on the front label. Their abv reduction may be part of the reason that they can afford to sell the stuff at a fixed price around £15, whereas RedLeg only does that via the Tesco discount price for cardholders. It usually hovers between £20/22 near me.

Must say, the DIS share price is truly shocking now. 1.15/1.30. The II's who bought at 2.00 must be disappointed. Surely this can't be to do with the war. (Sorry, peace keeping excersize). Persistant selling in fairly small quantities for weeks now. I reckon it's boredom. DIS messed things up with the placing for Ardgowan, even though it might come right in the future. We've a long wait (2025?) for a good single malt, although we should see a blend sometime this year.

If the share price keeps performing like this, I might well be the last man in.

Posted at 10/2/2022 13:17 by petersinthemarket
As a result of the Ardgowan agreement last year, our DIS future will be busy.
Here's a rough guide.

Short term, during 2022:
DIS expect to launch a range of branded blended premium malt whiskies in 2022.
Ardgowan has full planning permission for the new joint site.
Site clearance and preliminary building arrangements have begun.
DIS has access to a Master Distiller now (eventually at new site).
Ardgowan can market DIS products alongside it's own, at their discretion.
DIS will use it's export distribution network to aid export marketing of Ardgowan products.
Under the loan agreement DIS will receive 5% pa interest on up to £5m, paid quarterly. DIS interest income will amount to a minimum £150k pa at the start, rising to £250k pa.
During the loan term, Argowan has pledged a minimum of 10% of it's whisky production capability to DIS.

Near future:
DIS will transfer production of Blackwoods gin, vodka, plus Trove, to new site.
(These are currently produced under licence in Birmingham and Scotland.
DIS will operate a visitor centre for it's products.
DIS will in due course own 14.28% of the new company's share capital.
DIS will produce branded new products and line extensions at new site.
DIS will develop it's own on-line product sales facility.

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