They are reporting 2.1 million litres of whisky under maturation 'at 43%'.
This is slightly confusing and makes it complicated to value. Lark have releases at varied ABVs, they have several cask strength releases that are above 60%. typically a 40% whisky has been diluted with water. In fact anything 'young' that falls below 50% is definitely diluted with water.
Given the liquid in the barrels right now would be varying ABVs (and freshly barreled spirit can be like 70% ABV) it means that there is actually far less liquid than 2.1 million litres. To standardise to 43% would mean a decent percentage of 2.1 million litres is actually just water.
I'm not sure what this means for valuations. it may even be a good thing given the decent price they charge on ABVs in the 40s. They actually can charge top dollar for water.
Food for thought, unsure if it changes valuations
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They are reporting 2.1 million litres of whisky under maturation...
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Last
98.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.22M |
Open | High | Low | Value | Volume |
$1.00 | $1.00 | 96.5¢ | $29.27K | 30.21K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1250 | 96.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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98.0¢ | 6955 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1250 | 0.965 |
2 | 14945 | 0.960 |
3 | 8058 | 0.955 |
1 | 50000 | 0.950 |
1 | 1000 | 0.900 |
Price($) | Vol. | No. |
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0.980 | 6955 | 1 |
0.985 | 7586 | 3 |
0.990 | 1743 | 2 |
1.000 | 12484 | 1 |
1.030 | 3635 | 1 |
Last trade - 12.53pm 06/05/2024 (20 minute delay) ? |
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Last
98.0¢ |
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Change
0.000 ( 0.51 %) |
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Open | High | Low | Volume | ||
96.5¢ | 98.0¢ | 96.5¢ | 788 | ||
Last updated 12.53pm 06/05/2024 ? |
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