Brewdog shares

[anonymous-user]

okgo said:

Went to one in Dublin recently as it was close and not much else around. Utter let devoid of character and as sterile as any Spoons I’ve ever been. Hilarious really given their self given ‘counter culture’ image.

I thought exactly the same when I was in one a few months ago.

Bare concrete surfaces, industrial fittings, industrial bar stools, 'reclaimed' plank tables, Edison bulbs.

So edgy. So cool. So totally and utterly done to death for the last 15 years by everyone desperate to be 'different'.

[ZedLeg]

The shine has really come off of them as a brand imo, partially through ubiquity and partially through their CEO's complete inability to behave.

It's a shame as I was into their beer really early on, their original head brewer was a friend of a friend from Uni.

[DonkeyApple]

Lord Marylebone said:

I thought exactly the same when I was in one a few months ago.

Bare concrete surfaces, industrial fittings, industrial bar stools, 'reclaimed' plank tables, Edison bulbs.

So edgy. So cool. So totally and utterly done to death for the last 15 years by everyone desperate to be 'different'.

Good blank canvas for the next leaseholder? Imagine how much work it was at the end of the 90s to take all the tat out from Irish theme pubs?!!!

[anonymous-user]

DonkeyApple said:

Lord Marylebone said:

I thought exactly the same when I was in one a few months ago.

Bare concrete surfaces, industrial fittings, industrial bar stools, 'reclaimed' plank tables, Edison bulbs.

So edgy. So cool. So totally and utterly done to death for the last 15 years by everyone desperate to be 'different'.

Good blank canvas for the next leaseholder? Imagine how much work it was at the end of the 90s to take all the tat out from Irish theme pubs?!!!

Good point... I reckon it took at least 10 full skips to empty any bar called "Shenanigans" or "Paddy O'Connors"

[Jambo85]

mike13 said:

Yet they keep building hotels and bars in cities around the world, I was gifted a small amount of shares in 2014, held onto them as you can only trade within their community.

I don't actually like their products or one of the two guys that effectively own it.

I would not be surprised to see them going bankrupt in the future, don't want them too but they are a strangely run business.

That's what I'm wondering - my financial knowledge gets me as far as reading that statement and concluding that they're in way more debt than they were a year ago, both to suppliers and banks, and they've got very little in the way of cash compared to a year ago. Their current liabilities are significantly higher than their current assets. What I don't know, is where is the limit and when does bankruptcy become a likely outcome?

They have said that they won't do another round of crowd funding, and they'd get massively diluted if they did an IPO as a way to raise funds, and it looks like they hardly paid any suppliers last year. Also we don't know much about has happened in the 6 months since 31st December 2022.

[rossub]

You really need to see the full set of accounts and read the notes to comment properly. Balance sheet doesn’t tell you nearly everything.

PPE value has gone up by £50m - was that as a result of investment using the additional debt, or as a result of a revaluation of the assets? Big difference.

Cash has dropped massively year on year, but how does that compare across several years and was it just particularly low at the time of the balance sheet date? Bear in mind many companies operate with bank overdrafts.

[Condi]

James Watt has stepped down as CEO and admitted there are better people to run the company than him.

Will be interesting to see what the 2023 accounts look like in a month or 2's time.

[okgo]

Do they still sell their beer to pubs? Not seen it anywhere for months. Not that I’d buy it anyway.