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Distil plc ( (GB:DIS) ) has shared an update.
Distil plc has announced a conditional fundraising of £755,000 through a placing of new ordinary shares to meet its near-term cash requirements and support long-term shareholder value. The funds will be used as working capital, to complete the audit for the year ended 31 March 2025, and to open the Blackwoods Brand Home at the Ardgowan Distillery. The placing is conducted in two tranches, with the first tranche already conditionally issued and the second pending approval at the upcoming AGM. The company expects improved trading results, with Q2 revenues showing a significant increase compared to Q1.
Spark’s Take on GB:DIS Stock
According to Spark, TipRanks’ AI Analyst, GB:DIS is a Neutral.
Distil plc’s overall stock score is primarily impacted by weak financial performance, characterized by declining revenues, profitability, and cash flow issues. While corporate events offer potential growth prospects, valuation concerns and technical analysis indicate a mixed market sentiment.
To see Spark’s full report on GB:DIS stock, click here.
More about Distil plc
Distil plc is a company in the premium drinks industry, owning brands such as RedLeg Spiced Rum, Blackwoods Gin and Vodka, TRØVE Botanical Vodka, and Blavod Black Vodka. The company focuses on producing and marketing premium alcoholic beverages.
Average Trading Volume: 5,918,476
Technical Sentiment Signal: Sell
Current Market Cap: £2.54M
See more data about DIS stock on TipRanks’ Stock Analysis page.