By Steve Moore | Tuesday 20 July 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on drinks brands owner Distil (DIS), last week with the shares at 2.4p I concluded that the valuation looked high enough until some further sustained revenue and bottom-line impact is delivered. Today the company is “delighted to announce our agreement and partnership with Ardgowan which we see as a fantastic opportunity to add significant growth to the business in both the short and long term” and the shares have responded…further lower to 2.15p! Why?…