Brewdog shares?

I can only assume that they've got their agreement (though it wouldn't be the first time they've done something off the bat without checking if they were allowed to!) and the investment firm views it as something that will help grow the business more than the loss of profit.
 
caff said:
Any thoughts appreciated on this as an investment opportunity.
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It is not an investment opportunity. It is a fee to join a club. It should be illegal for them to advertise it in anyway as an investment. This company makes me so angry the way it takes advantage of people who think they are getting anything more than a few discounts and being part of a customer membership.
 
Kemik said:
It is not an investment opportunity. It is a fee to join a club. It should be illegal for them to advertise it in anyway as an investment. This company makes me so angry the way it takes advantage of people who think they are getting anything more than a few discounts and being part of a customer membership.
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But it is an investment. Not a very good one but an investment none the less. The value has certainly increased (for original "Equity Punks", debatable for the more recent additions)

Whilst they have stated they never plan to issue a dividend, there is an aim to one day take it to AIM, at which point i'd like to cash in. In the meantime i'm happy enough with discounts.
 
Just thinking, back in EFP4 they were selling for £47.50 per share. The price seems to be the same this time around. I'd have thought there'd have been an increase given the silly high valuation. Unless there's been another dilution?

I can never remember how many shares i own and i always lock myself out of Computershare!
 
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Marvt74 said:
Just thinking, back in EFP4 they were selling for £47.50 per share. The price seems to be the same this time around. I'd have thought there'd have been an increase given the silly high valuation. Unless there's been another dilution?

I can never remember how many shares i own and i always lock myself out of Computershare!
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The actual business owners are always diluting it. That's the point. It's a giant con.

No dividends, no voting rights, continued dilution whenever they want, and possibly the option to sell your shares at a fixed price at some point each year? Best. Investment. Ever!
 
Don't get me wrong, It's not a *good* investment. Although i did take advantage of the offer earlier in the year to sell a portion of my shares. So have about 90% of my holding left owing me about 50% of what i paid. So assuming i can see the shares in the future i'll have made a decent profit.

I think the way this makes sense is to buy the minimum shares to get the discounts and perks and thats it. A bit like treating it as a one off membership fee. If you do that and buy their beer and go to the AGM then it's a decent deal. Part of me wishes i'd done that rather than spending 10x that!
 
I'm not complaining about it being an investment, I've tripled my money.

But.

The true test will be the next share trade day and whether they hold the value that the investment firm created holds true, as the previous open trade day saw the value drop a 1/3 from the EFP 4 price.
 
Marvt74 said:
Just thinking, back in EFP4 they were selling for £47.50 per share. The price seems to be the same this time around. I'd have thought there'd have been an increase given the silly high valuation. Unless there's been another dilution?

I can never remember how many shares i own and i always lock myself out of Computershare!
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There's been a 1 to 10 share split since then so one EFP4 share is effectively £237.

Edit: One share is being valued at £23.75
 
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Jokester said:
The true test will be the next share trade day and whether they hold the value that the investment firm created holds true, as the previous open trade day saw the value drop a 1/3 from the EFP 4 price.
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Agreed, but as you say the price has increased to such a point that a 30% drop still represents a decent profit.

Oh i skim read, it says 2 shares for £47.50. I read it as 2 shares at £47.50 each bringing minimum investment to £95 like in earlier EFP offerings.
 
Aye, it's up 80% on the £1Bn valuation following the venture fund investment, so it feels like it's massively overvalued to me so I'm not putting anything else in from an investment point of view.
 
Looks like a few decent perks for existing members to re-invest. (Although who gives a crap about a pin badge!). Still not enough to get me to re-invest and shows how overvalued they are that theyre offering a good £20-£30 discount on the share price.
 
Well looks like they've decided to extend EFP5 until October. I presume that means another year without being able to sell my shares :(

I know i was aware of this when i signed up so it's not unexpected but it is frustrating and the money could be much better utilised elsewhere at the moment.
 
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