Positive news around ASC’s Asian operations this morning, whereby the company has lifted its shareholding in both the China and Japan JV’s. This is in keeping with one of the objectives set out at the time of the IPO. Strategically the moves further position ASC favourably to capitalise on future growth in these two significant territories. Financially the cash cost is a modest £0.4m but we estimate a 2 year payback via a lower minority dividend going forward. We make no P&L changes. Overall, in ....
17 Dec 2021
Positive Asia operations development
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Positive Asia operations development
Artisanal Spirits Company PLC (ART:LON) | 41.0 -0.8 (-4.7%) | Mkt Cap: 28.9m
- Published:
17 Dec 2021 -
Author:
Sahill Shan -
Pages:
3
Positive news around ASC’s Asian operations this morning, whereby the company has lifted its shareholding in both the China and Japan JV’s. This is in keeping with one of the objectives set out at the time of the IPO. Strategically the moves further position ASC favourably to capitalise on future growth in these two significant territories. Financially the cash cost is a modest £0.4m but we estimate a 2 year payback via a lower minority dividend going forward. We make no P&L changes. Overall, in ....