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Distil – trading slump and further financials decline, management fooling themselves or trying to fool everyone else?
Previously writing on alcoholic drinks company Distil (DIS), in October as the falling shares saw the market cap down to below £6 million I cautioned still due to stated “opportunity for new growth” and “a new, highly effective distributor” having to be proven and amidst an admitted backdrop of macro uncertainty and cost pressures. The last closing market cap was just above £6 million… but then today a “trading update”.
- By Steve Moore
- 2023-01-12 14:45:38