Well this announcement gave me a warm fuzzy feeling inside and there was a lot in the that I did like and this is why:
The vision of creating a $1B GMV wholesale beverage marketplace still excites me. The trajectory of transformational growth is looking good for me, remembering that I got on board in 2019 when DW8 was still crawling.
They are still shipping a tonne of cases and processing orders well. The average cases might be worrisome to some, but they have those customers in hand so I am sure they will do what they can to increase uptake with them as they are already onboard and using the system.
The entitlement offer is still out for me as I don't see VFM in it as it stands now however if it bumps up a bit in the coming week I may reconsider if only to add $ in the coffers. However the options still seem like a fantasy expiring in March 2023 therefore I reject the $3.3M revenue forecast.
Project One $4M pa are expected to become evident in Q1 FY 2023. So can we expect to see that in the next quarterly or am I misunderstanding this?
Cash burn is expected to be materially lower in Q1 FY2023. This would an awesome improvement and perhaps the growth phase expenses are lowering and I would expect that the next report advises of how they intend to keep lowering them or at the bare minimal keep them steady and that they only inflate based on further expansion changes.
August was a record month and there is an expectation that Nov and Dec will follow suit. I would like to understand what mechanisms are in place to facilitate this increase for Nov/Dec and what is being implemented to continue into the 2023 calendar year and onwards.
Capacity constraints. New sites are being explored. I would like an expansion on this statement in reference to potential expenses related to new sites.
Onboarding of Asahi is a huge coup as a company onboard. Hoping that is becomes more that just seasonal overflow. I think that S&P utilising Kaddy won't become much for a while. S&P have been an independent company for 20 years and firmly imbedded in wholesale distribution in Sydney. Having being bought out by Hairy Dog, who is a D2C, in May and I will be interested to see how this pans out over the coming year . So I am bottom drawing this bit.
ILG Liquor Stop. A bit confused on who this is and just hoping that it was a typo. The current status of the INDEPENDENT LIQUOR GROUP, LIQUOR STOP, ILG filing is Removed - Not renewed: Renewal fee not paid according to Trademark Elite. If in fact they just meant to type ILG Co-operative then this is a massive coup as they are a huge company with brands like Asahi, De Bortoli, Treasury Taylors, Brown Brothers, Coopers and many more. Additionally their banner groups include Bottler, Supercellars, Fleet Street and more, so they are a huge distribution company in their own right.
With all these positives in mind and looking forwards not backwards (otherwise I get cross at myself), I have placed an order for another 500,000 on market, see how we go. DT has restored a little faith back in me with this presso
As always just the ramblings of a crazy woman lol.......GLTAH
(20min delay)