Investment Case: Formerly Blavod Wines & Spirits, this is a company which has been around for ages but has thus far failed to deliver. However, having joined the board as a non-executive in 2010, Don Goulding - previously a senior executive and lastly UK Managing Director at industry giant Diageo - took the full reins in late 2011 and has led the company to exit distribution for third parties to focus on developing owned brands. Although not yet reflected in the financial results, this looks a move of some promise and the shares at a 0.8p offer price, capitalising the company at sub £3.5 million, are a buy.
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