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DIS Distil Plc

0.00 (0.0%)
07 Dec 2023 - Closed
Delayed by 15 minutes
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% 0.40 3,735 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.35 0.45 0.40 0.40 0.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Distilled And Blended Liquor 1.32M -748k -0.0011 -3.64 2.74M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:10:08 O 2,593 0.43999 GBX

Distil (DIS) Latest News

Distil (DIS) Discussions and Chat

Distil Forums and Chat

Date Time Title Posts
06/12/202318:49Distil PLC - Here's to a spirited future!10,490
10/11/202316:18******** DISTIL - That'll be a DOUBLE ! *********360
14/1/200209:49Biodegradable Plastic-

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Distil (DIS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 14:10:090.442,59311.41O
2023-12-07 09:21:030.441,1425.00O

Distil (DIS) Top Chat Posts

Top Posts
Posted at 07/12/2023 08:20 by Distil Daily Update
Distil Plc is listed in the Distilled And Blended Liquor sector of the London Stock Exchange with ticker DIS. The last closing price for Distil was 0.40p.
Distil currently has 684,399,579 shares in issue. The market capitalisation of Distil is £2,737,598.
Distil has a price to earnings ratio (PE ratio) of -3.64.
This morning DIS shares opened at 0.40p
Posted at 05/12/2023 06:24 by jimmygeeee
I doubt they have realised any profit on this "annual giveaway". They must be painfully in the red on this one! bank will lend large amounts of money to a firm that has an operating loss. A rights issue was the only real non-dilutive alternative.

Make no mistake, the share price is where it is because people have seen the dwindling cash pile and were anticipating bankruptcy. This new issue should draw a line under the share price (for now), but only if shareholders approve both resolutions.
Posted at 03/12/2023 16:32 by jimmygeeee
There is definitely some truth to all of that. But it is also true that the stock is trading below book value because investors fear bankruptcy, and that fear will be removed if shareholders approve both resolutions so that Distil receives the cash that they need to survive. I would definitely like to receive back the funds I invested (or most of it), and hence I will be voting in favour. The new funds will give the firm time and space to try to make something happen, and it should definitely put a floor in under the share price immediately.
Posted at 27/11/2023 10:08 by gipps
So we spent half a million on an advert not the best in opinion for a product that had a supply issue with at the time,we lend out £3 million only to then be short of stock money so we have to go cap in hand to raise money to keep trading with.No Reg Leg product available in my 2 big Sainsburys in the South East of the country,they did stock it before when they had a distibutor working for them.Yes i am a share holder some what dissapointed with the recent share price and as for Trove.....dont get me started .............
Posted at 14/11/2023 13:20 by petersinthemarket
No DIS products in our local Morrisons either. A bit concerning that some of the majors are no longer enamoured with our range. We can only hope that the work going into the new distribution arrangements will spread the word and work out well for us. The January Q3 TU will tell us if we are beginning to motor again.

As for Mr Grain, to me at least, it's not entirely clear what Roland Grain's long term intentions might be. He owns about a quarter of DIS, but he seems much more interested in Ardgowan, as whisky is the major passion for him. He is a very experienced businessman who made most of his money from staff agencies and the like in Germany and across eastern Europe. His practice has always been to buy 100% of the stock in small companies, mostly private companies, assimilate them, tidy them up and then let their original managers run them for him. Having bought Ardgowan, he appears to be doing the same thing.

DIS is a different matter. His purchase may just have been his way of buying into the UK booze industry, but I suspect there is more to it than we are seeing right now. DIS has moved a substantial part of it's business to Scotland and will be dependant on the Ardgowan site for future production of all the white spirits. The DIS scotch product, if/when it finally appears will tie us in even more closely to Grain/Ardgowan.

Grain has made no recent purchases, which would take him nearer to the mandatory offer level, but it cannot be ruled out. To put it in a nutshell, DIS has two worthwhile things to sell, RedLeg and itself. I am not implying any takeover or merger right now, but something will have to change in due course as Don Goulding is old enough and rich enough to start seeing retirement ahead.

Roland Grains part in our future is intriguing. He is averse to public companies. If he did make a move on us, and perhaps it's a big 'if', I believe his instinct would be to take the new business private as soon as possible. Personally, I might welcome some sort of move, whether from Grain or elsewhere as I see it as the only way to get out of our impasse and unlock some of the undoubted value here.
Posted at 03/8/2023 14:23 by petersinthemarket

''All Resolutions, with the exception of Resolutions 5 and 6, were duly passed at the AGM.''
- In other words, ALL resolutions were certainly not passed, only 4 out of 6.

''…. resolutions 5 and 6, in respect of authorising the directors to disapply pre-emption rights, were not passed..''
- A pre-emption right is essentially a right of first refusal in any new share offer and imo all share issues should always include existing shareholders.

''….. a significant proportion (more than 20%) of shareholders voted against resolution 4 in respect of authorising the directors to allot shares.''
- In fact 24% voted against. There are, imo, more than enough shares in existence and new allotments to managers and others are unacceptable until the company demonstrates some shred of business success.

''This was notwithstanding all 3 resolutions are consistent with current investor guidelines including the Investment Association Share Capital Management Guidelines and Pre-emption Group Guidelines.''
- Completely irrelevant – What else would you expect these groups to say?

''The Board will continue to engage in discussions with shareholders to better understand their views.''
- I assume this only means talking to a couple of major institutions/large holders. When did they last consult ordinary shareholders about anything?

I smell dis-satisfaction and one look at the share price will explain why.
Posted at 26/7/2023 14:41 by petersinthemarket
Not sure I understand your question gipps. To the best of my knowledge, for DIS, the open day was just a walk around to show off our new visitor centre and white spirit distillery installation progress. I suspect the relabelled Blackwood samples were existing stock and not new stuff from our part of the Inverkip distillery which is not quite finished yet. However, the stuff was probably made somewhere in Scotland, as we moved Blackwoods production away from the Midlands many months ago. The intention of the new home and the bottle rebranding is to pull in a lot more of the Scottish pedigree to the brand. Brand differentiation is of major importance to gin and vodka, as both are so easy for anyone to make.

The day was probably more important for Ardgowan as the Inverkip site is theirs and they are at least producing an excellent series of expensive short-run whisky blends for collectors while they wait for their new whiskies to develop (a long way off yet, up to 10yrs).

Their blends will also shortly be important to DIS when we offer our own (Ardgowan) DIS branded whisky blend.

DIS was represented on the day by our CEO. DIS is effectively bolted on to Ardgowan now as we share directors and future development interests.

The day was obviously a blinding success with 5000 visitors, some from overseas. The photos show the queue to get in.

DIS really does have a lot going for it this FY. I just hope it gets reflected in our quarterly revenues.
Posted at 29/6/2023 10:41 by petersinthemarket
For around the last 10yrs Don Goulding has personally owned 10 million shares in Distil Plc.

DG/DIS has ''successfully created'' the RedLeg brand.

DG has total emoluments in the region of £200k, which is very modest compared to peer group. Other directors receive very significantly less. Nowhere near enough to support a ''lifestyle''.

DIS has cash in the bank and no debt.

We are now inextricably linked to Ardgowan. We put in several £millions of DIS money. We share one important Director, who also owns the Distillery. One of our non execs is also the Distillery Chairman. We have moved much of our spirits production to Scotland. We are about to see a scotch added to our product range. We have a brave new distribution policy. After enormous company change during the last few years it will be very interesting to see how this complex new structure plays out.

I am as frustrated as any holder, but optimistic that better times are ahead. Best of luck. pete
Posted at 03/3/2023 16:56 by petersinthemarket
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
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.
Distil share price data is direct from the London Stock Exchange

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