Market's view on Distil

Published on April 2024

  • A stock watcher noted a significant increase in investment by an individual, raising their holding from 7.07% to 8.18%, having purchased 74 million shares. The watcher speculated on the individual’s strategic plans for such an investment.
  • Another stock watcher shared Dr. Cooley’s confidence in the company’s progress.
  • There is a report of an 8% increase in full year cumulative volumes and a 17% increase in revenues, totalling £1.55 million, with gross profit up by 11% at £759k.
  • A significant increase in Q4 advertising and promotional spend was noted at 78%, totaling £130k, although Q4 revenues saw a 23% decline.
  • Concerns were raised about the company potentially running out of cash within the year if growth remains flat, despite stable cash balances in Q4.
  • The economic climate is seen as a limit to significant growth, despite steady management over the fiscal year.
  • Disappointment was expressed with the company’s decision to take over distribution themselves, as it is feared to adversely affect sales figures.
  • A shift to three different distribution processes is seen as potentially problematic, with a call for a positive trading update to clarify strategies.
  • Speculation about the closure of an old distillery was mentioned.
  • Criticism was voiced over the company’s online sales platform, with a specific comparison to cheaper alternatives on Amazon, suggesting a London-centric bias.
  • A failed strategy to build and sell brands was highlighted, questioning the company’s future investment attractiveness and the need for a clear plan to deliver shareholder value.
  • Positive remarks were made about the partnership with Global Brands, seeing it as a potential driver for new product launches and sustained momentum.
  • Frustration was expressed by a small investor over a significant personal loss in share value, reflecting broader concerns about the company’s stock performance.
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