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ART The Artisanal Spirits Company Plc

43.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
The Artisanal Spirits Company Plc LSE:ART London Ordinary Share GB00BNXM3P96 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 43.00 138 08:00:08
Bid Price Offer Price High Price Low Price Open Price
42.00 44.00 43.00 43.00 43.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Distilled And Blended Liquor 21.78M -2.01M -0.0286 -15.03 30.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:00:15 UT 2 42.00 GBX

The Artisanal Spirits (ART) Latest News

The Artisanal Spirits (ART) Discussions and Chat

The Artisanal Spirits Forums and Chat

Date Time Title Posts
13/4/202401:12Artisanal Spirits Company plc - Scotch Whisky Galore124
28/6/202314:30Art is much like Music,you like or you don't87
23/4/202314:32ART as an alternative investment243
03/10/202008:51ART for ART Sake - Art and Artsits thread65
03/5/202023:19Art for the plebs-

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The Artisanal Spirits (ART) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 13:00:1542.0020.84UT
2024-04-19 10:09:2143.7011449.82O
2024-04-19 09:42:3243.70229.61O

The Artisanal Spirits (ART) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by The Artisanal Spirits Daily Update
The Artisanal Spirits Company Plc is listed in the Distilled And Blended Liquor sector of the London Stock Exchange with ticker ART. The last closing price for The Artisanal Spirits was 43p.
The Artisanal Spirits currently has 70,343,774 shares in issue. The market capitalisation of The Artisanal Spirits is £30,247,823.
The Artisanal Spirits has a price to earnings ratio (PE ratio) of -15.03.
This morning ART shares opened at 43p
Posted at 04/1/2024 07:18 by edmonda
"Single Cask Nation acquisition uplifts US prospects"

The Artisanal Spirits Company (ASC) has announced an important acquisition in the US. Effective 3rd January 2024, the company has acquired 100% of the trade and assets of Single Cask Nation (SCN), which is an independent bottler and distributor of both Scotch and American whiskies. An accompanying trading update for ASC confirms recent guidance and we leave our forecasts unchanged. Our assessment of fair value remains 100p per share.

ASC states that the SCN acquisition, which includes all of its assets and global operations, will be funded out of existing borrowing facilities. Furthermore, it is expected to be EPS accretive in the first year of ownership. Consideration includes an up-front payment and the potential for up to US$0.5m (£0.4m) to be payable as an earn out, dependent on FY2024 and FY2025 financial performance. Importantly, the deal is consistent with ASC’s sustained ambitions for overall business quality, premiumisation, profitability and cash generation.

Link to report:
Posted at 11/12/2023 07:36 by edmonda
"A year is a short time in Scotch malt whisky," new report with audio summary available here:

The Artisanal Spirits Company (ASC) announced on Friday that it expects both sales revenue and EBITDA to be lower than previous market expectations. Effectively the company is now on track to achieve our former FY2023 forecasts in FY2024. However, the underlying growth messages remain strong, supported by both membership growth and fresh strategic initiatives. While the FY2023 outcome is disappointing, our counter argument is that, given the long duration to maturity of the product, a year is but a brief period in Scotch malt whisky.

Despite its strength as a membership organization and substantial intrinsic value in relation to the maturing whisky mentioned above the ASC’s relative valuation is subject to a negative impact from international headwinds also being faced by its key distilled spirits and luxury brand owning peers. A 100p share price implies 3.8x EV/sales and a £70m market capitalisation.

We revise our fair value down from 150p a share to 100p, which still stands well above the current share price.
Posted at 01/8/2023 08:37 by edmonda
Post results webinar : if planning your post summer diary, save the 20th Sept at 11.30 am.The CEO and CFO of ART will discuss their interim results and outlook.

All are welcome, simply register here
Posted at 28/7/2023 08:32 by anley
and drift they have done down to just over 70p this morning on low turnover.

Here is another case where a quoted company calls in another broker who has promised to support the market price.......well look what happens - nothing.

What is needed - if you believe WHISKY is a hot investment is a slight change in the business plan and a reduction in stocks which will lower the interest bill.

On the marketing front someone will be watching what they can do if they were to run the business......a French company for example?
Posted at 18/7/2023 07:33 by edmonda
"Investing in ultra-premium Scotch’s global growth"

Today’s Artisanal Spirits Company (ASC)’s FY2023 H1 trading update reported just over £10m in sales revenue compared with £9.9m a year earlier and included 7% growth in the second quarter. Importantly, there was a 9% increase in membership numbers. In addition, the statement reconfirmed the benefits of the company’s ultra-premium distilled spirits positioning, its focus on Scotch whisky, and the advantage of not only being international but also in control of its supply chain and distribution system. We leave our forecasts unchanged and maintain our opinion that fair value for the shares – almost a pure play on ultra-premium Scotch - is 150p.

While the ASC’s H1 sales growth was beneath our full year expectation of 14%, the company was lapping a particularly strong growth in the same period a year earlier when sales advanced by 25%. The company itself remains confident that full year market expectations for sales and adjusted EBITDA will be met. We leave our own forecasts unchanged at £24.7m and £1.3m respectively for these two measures.

We draw a positive read-across from Diageo PLC's investor presentation in Edinburgh on 1st June (“Delivering sustainable long-term growth – our vibrant Scotch portfolio.”) Diageo’s central investment messages focused on premium Scotch as a growth category and its value creating qualities relative to other distilled spirits categories. In our view ASC is already a clear beneficiary from these trends and opportunities.

We base our 150p fair value/share, which implies a 4.8x FY2023 EV/sales ratio, on a relative valuation comparison with other international distilled spirits companies and luxury providers.

Link to report:
Posted at 26/5/2023 14:39 by anley
I agree DICODAVE that EBITDA has fooled ordinary investors for years.

I would say that the Board has to turn this business in to a profitable one showing some debt repayment etc.

Problem is that ART is all over the world - 300 new members here and there - and this does not make a difference.

150p could well be fair value but I have been there many years ago. What makes the shares 150p is real cash profit and they have the means to do this.

I am still a buyer but under 100p.
Posted at 23/4/2023 14:32 by blueball
Syd Barretts art in chronological order..
Posted at 24/1/2023 07:38 by edmonda
Sales and membership growth drives momentum, new CEO appointment (new research report & audio summary from Equity Development:

Sales revenue for the year ended 31st December 2022 increased by approximately 20% from £18.2m in FY2021 and is expected to be slightly ahead of our £21.6m forecast when the full audited numbers are announced in March 2023. A 12% increase in global membership numbers to around 37,000 drove the business forward. While we leave FY2022 forecasts unchanged at this stage, our confidence in these numbers is enhanced by today’s announcement.

ASC announced that Andrew Dane, previously the company’s Executive Finance Director, will become CEO with immediate effect. He replaces David Ridley who had been Managing Director for six years. In our view, his appointment should be seen as endorsing the group’s growth strategy both for the Scotch Malt Whisky Society and ASC’s ambitions elsewhere in distilled spirits – e.g. J G Thomson & Co. An update regarding the Company’s American whiskey proposition will be made with full-year results.

The Masterton Bond Facility was the standout operational news in FY2022. It will provide production, cask storage, fulfilment and distribution of ASC's whisky and other spirit stock, and is expected to add around 200 basis points to group operating margins, probably as early as in FY2023. It became operational on time and on budget in FY2022 Q4. Other international expansion moves included an inaugural franchise agreement in South Korea and a new partnership with Drinks Alliance in Malaysia.

We base our 150p fair value/share for the Artisanal Spirits Company, which implies a 5.4x EV/sales ratio, largely on a relative valuation when compared with leading listed distilled spirits companies and luxury goods providers. ASC is simultaneously exposed to both these categories given its emphasis on ultra premium and above Scotch malt whiskies. Furthermore, the £455m notional value of the company’s maturing whisky stocks currently stands at around 7 times today’s market capitalisation.
Posted at 09/1/2023 16:47 by anley
and me thinks that is what has started the rally.

Problem is that there is no liquidity in the stock and a problem for the board to fix IF the results start to show how good the NEW Chairman is.

Get the price back up to 112p the Placing Price.......and I will supply a few shares.
Posted at 20/7/2022 08:12 by edmonda
#ART Strong 25% sales growth, a further 24% advance in membership numbers and important progress at the Masterton Bond facility were key features of a trading update released by The Artisanal Spirits Company (ASC) today. Furthermore, the company reiterated its ambition to double sales revenue between FY2020 and FY2024. With a focus on the ultra-premium category, a fast-growing global membership base and embedded value in its maturing whisky stocks - £430m at retail - we continue to argue that fair value for the shares is 150p.

The Artisanal Spirits Company’s clear and resilient route to growth, which is discussed in more detail in this report, is not reflected in the company’s share price. Putting those strengths to one side though, investors should recognise that the company’s maturing stock of Scotch whisky has an estimated value of £430m. This is more than 10 times the entire market cap of the company. The current share price shows no recognition of the intrinsic value that underpins it.

In addition to this, there are strong arguments for the shares to trade higher on revenue growth considerations. We reiterate our 150p per share fair value at which price the shares would trade on 5.5x EV/sales in FY2022 and 4.1x sales in FY2024, based on our estimates.
The Artisanal Spirits share price data is direct from the London Stock Exchange

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