Your are viewing a read-only archive of the old DiS boards. Please hit the Community button above to engage with the DiS !
Biggest ever UK crowdfunder share sale.
that article says they pay the living wage, might try for a job there
they're still full of shite though
all of that 'punk' chat makes me cringe. But their heart is genuinely in the right place.
but I really like their beer and really like their bars.
sticking a finger up at more traditional ways of fundraising (even 'modernised' traditional ways) by cutting out a lot of middlemen in this proposed process. Perhaps driven by a bit of greed on their part not to have to pay these middlemen, so there is more for them? But also I do think driven by a desire to be able to achieve optimum net proceeds which allow them to deliver their proposed model without buying new yachts for a lot of financiers in the process. And dare I say it, that's pretty punk.
if you are a businessman it helps to have your heart set on making money
If they were like a 'punk' bottled water maker who, as some sort of social enterprise, sold cheap water from sustainable sources in reuseable bottles and campaigned for clean readily available drinking water in areas of drought, whatever. But access to quality beer isn't an inalienable human right.
Really can't believe I still get so worked up about this now, at this stage even I'm finding myself tedious which takes some going, because usually I'm great. They just seem to neatly sum up what I find so alienating about living under 21st century capitalism. Even thinking about it makes me anxious.
if they offered me a job at the living wage I would take it. #capitalism
It's good to have your ideals, that's a right and a proud one too- but i'd try not to give yourself a blood clot getting worked up about it. There would be a lot worse places to work.
Gimicky, but good (draught beer in all bedrooms). not far off the thing Tennents did for their april fools joke this year- http://www.dailyrecord.co.uk/news/scottish-news/tennents-t-tap-plumb-scotlands-lager-5438789
through crowd funding:
Good for them.
the core range is perfectly solid and sometimes (IHL) excellent, and the limited runs are usually very good.
Didn't go in for the crowdfunding - didn't seem you got much in return.
but will fight to the death your right to say it
with over 100 posts about them?
really hope this thread tops 100.
because it would be fun, but I also don't as I'm a bit busy today. (I must first, for the sake of consistency, find that other thread and determine which side I cam down on.)
which i probably don't "heart in the right place" thing was your view then too
I think I've always found them a bit embarrassing at what they name their beers, but think it's a decent business, decent beer, decent bars (I've only been in one before, it was the one in Shoreditch and I went with alxxck and DoTs and we had a laugh, but I've not been back to one- probably because beer's not my #1 thing I drink). But yes, I think I am ok and consistent on this one. thanks for confirming, foppyish.
It'll happen to this one too.
Might as well put my stock response in to save time:
- Their beers are awesome
- Their brand/behaviour is very annoying
- But I love their beers so it doesn't matter that much.
effectively value the company at over £250m?
The current shareholders' equity is valued at just over £15 mln. If they raise the maximum £25 mln, the new market cap will be £40 mln.
Existing holders of shares who do not subscribe for new shares will experience dilution.
the value of their holding will have more than doubled.
"Mr Watt valued the company at more than £280m — an ambitious claim given this is about 70 times its operating profits for last year."
equty post-dilutoin. Think it's about 283m value? hefty ambitious.
and do my bit to get this thread over the 100 reply threshold we've come to expect from Brewdog.
Very much 'of the time'. They remind me of drinking in Belgo's/Bierodrome in the late 90s.
Their beer is great. Nice to have something like Punk IPA in even the smallest Sainsburys. However it's very rare that I'll opt to drink it if I'm in a pub and other stuff is on. It's always too expensive and often too strong for a long pub session.
Also, the fact it's in every supermarket has taken the shine off it for me. It's become the beer equivalent of Pizza Express pizzas. No longer a treat, just what I consume when I can't be arsed and there's no other choice.
Like drinking in a new London office build
is the exact type of person who owns shares in them.
I've seen on here in a while. They have shareholders all over, and how on earth do you know which types of individuals hold shares in them? Really silly sheeldz, you're better than this chippy nonsense.
and i like him, but the self righteousness he has about it puts me off it.
sorry, i should have been more specific that i was being anecdotal about a particular exact person :D
A few guys in my old office bought shares when they did it first time round and just wanked on about it endlessly. Bunch of beer Johnny-come-latelys.
You can pick up two shares for £95 in this current offer. You get a tenner beer tokens, 5% off in their bars, free beer on your birthday and an invitation to the agm with free beers and idelwild playing. Yeah, it's a bit cringey, but if you like that kind of thing....
ON the financial side I'd see it as a bit of a punt. Never expect to see that £95 back again, but enjoy the 'perks'. It's not a listed company and the only liquidity is via an annual trade between existing shareholders, through a platform that they run. The directors can veto the transfer of any share- they say this is to scrutinise who their shareholders are (i.e. to stop tennents or other competitors taking shares) but this is potentially open to abuse.
If they float however, at a greater valuation than £47.50 per share (or thereabouts, it's a bit more complex this), then you will be quids in.
I can understand people who aren't regular stock market players thinking that this might be a fun wee punt to take.
I haven't invested anything yet- going to wait to see how quickly it fills up. I think I will, the question is whether to just be a two share Sammy or throw in a bit more. I doubt I'll do more than put in the £95. I need a bit more clarity as to why their revenue rose by about 10m last year but net profit only by about 2m. I think they spent a lot on new plant in Ellon, but not sure how much can genuinely be attributed to that as a factor in cost of sales.
Anyway, there you go, back of fag packet analysis.
great birthday present for a dad who likes ale type thing.
and I think he only did it because he could visit his brother in Aberdeen and take him for free beer at the AGM.
a lot invested into capital expenditure. I'm no expert, but a net profit of over 10% looks fairly decent to me, although presumably none of that is going to be distributed to shareholders. What devalues it is that the fact that Brewdog can devalue them further by issuing more at any time and I can't tell what the difference between A and B shares is from a quick skim - these are B shares of presumably lesser value.
Basically it's a gamble on whether you think Brewdog will do what they say and go public at some point at a decent price and how much they'll dilute your holding (if at all) between now and then.
where it's a bit Ponzi to keep on doing fresh issues and diluting people down without pre-emption rights. At which point you'd expect a private m&a sale, or a private equity backed MBO, or BIMBO, or a float. Which will be mega embarrassing as a climb down as you can't do any of those things without the financial institutions they shout so much about hating. But it might be the only way to return value to those who were essentially angel orVC investors.
From yesterday's Evening Standard:
"[Brewdog co-founder] Dickie said he wants to list Brewdog on the London Stock Exchange by 2020 with a valuation “close to” £1 billion"
they might just achieve it.
someone had done the taster thing with like five half pints or whatever, then vommed on the table
if you buy a share do you get a free beer or anything?
and you need to buy a minimum of two.
stupid fat fingers.
knew someone who knew someone who knew someone who was a shareholder and they got to book out a floor of brewdog for free
They do annoy me but I quite like their beer.
I bought the shares 'cause I figured I would make the money back over time anyway- 5% off at bars which I often go to when back in Notts and (the dealbreaker for me) 20% online discount which means I can legit buy punk ipa/ deadpony cans for festival needs.
I think I've made my money back already + will have done by glasto this year.
Good luck to them though.
and giving you a right pasting later, as he's a man who likes his beer, and he thinks brewdog beer is alright (iirc).
he's been stinking this place up for too long.
This is why I'll be lashing out €1,327.21 (£950 at current exchange rates) on shares. Oh yes.*
*I actually really like their beers but only buy them in offies. If I lived in then UK I would probably buy two shares so I could go to the AGM and get free beer and a discount now and then.
- Don't like their beers
- Don't mind their bars (apart from the prices)
- Hate the branding.
- Don't understand shares in the least so can't really comment.
Except in Spoons where you can get a bottle of their bog-standard whatever for a couple of quid.
NB. I've not read the OP. Just saw the word "Brewdog" and thought I had to post.
but the point is, because of the strength, you drink them slower and savour the taste etc. So 2/3 of 5am Saint works out about the same price of a pint (bout £4) but it takes about the same length of time as a pint to drink I find. Because it's rich and heavy.
So, in answer to your question, drinking them in moderation isn't really any more expensive than drinking standard beers at standard prices. Except in Wetherspoons where everything's cheaper, obviously.
That's really not much more than what a Nicolson's would charge you for a Stella, and considering the higher costs involved in bringing you the BrewDog product, it's practically a bargain.
(I will always be disappointed if I can't get a sub-£4 beer in a pub/bar/whatever).
I don't think Brewdog is for me.
Surely when you're in places like Beer Rebellion and the Holborn Whippet you're used to paying a bit more? Even cask beers are at least £4 these days in places like that.
(the one in Peckham is mostly keg, right? So more expensive. But the 2 near me are mainly cask).
Whippet is similar, never ever paid over £4 for a pint in there (but then again, I will always drink cask).
To be fair, I'm more of a fan of old man pubs these days.
in all of those sort places, albeit usually a few 4% jobs - Euston Tap, Draft House etc always do.
I'll always drink that and maybe have a few halves of some crazy shit once I'm drunk.
I personally think the beers are nice enough to justify the outlay. But there we go.
They cost more than InBev produced lager for a number of reasons - the cost of production, the fact it doesn't benefit from a larger corporation's economy of scale, the fact that bars charge more and it is seen as a premium product.
In London you're just as likely to be charged £5 for a Stella or Peroni as you are a Punk IPA or Meantime Pale Ale. You pays your money, you takes your choice.
If I drink them in a pub I'll neck them and end up spending loads. Although you used to be able to get some of them on cask which I wish they'd still do.
and it says the one at Denmark Hill is my nearest
gonna be a fair few attention beards buying some nearly worthless shares
that one they do for Tesco that's about 10% or something.
Now that... THAT is a beer.
I haven't had one of their beers for a long time. Wasn't there a whole sexist ad campaign thing they had going on? Or has that all been resolved now?
(Best I could do for your 100+ replies target, guys.)
In three and a half hours.
Without getting the bellows out to fan the flames.
Yeah, I'll take that.
nah, not gonna happen
"previously loyal fans bemused by its focus on ever-faster growth"
Such Indie, Indie fans.
They only had three though so picked up a White Shield as well.
one up on all those Quirky Food Business shithawks crowdfunding and offering your fucking name on a wall or whatever.
I can't bring myself to believe anyone sticking up for them doesn't have some kind of personal connection to the folks running it
might have to work on the double negatives, but I think it's serviceable