I(14);BBI(3,6,12)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat="/>

Time is at a premium at the moment, (the cricket is on)so I will take the lazy way out on recommending this one and just copy the last brokers note, I do expect a new one out any day with todays excelent news. Heres the Broker Buy note from Evo Bee Greg.....
The group have (sic) recently announced the acquisition of Extreme Beverage Company. The merger rationale seems excellent, especially given the nature and appeal of both the Players Extreme and Blavod brands to similar markets whilst the depth of Extreme�s distribution network in the US will give Blavod the much needed platform from which to grow. The management team is headed up by CEO Jeff Hopmayer, the original founder of Extreme Beverage. He is a proven entrepreneur with a very strong track record.



The US remains the only major untapped market for Blavod but also represents the biggest scope for potential especially given that the US is the most important vodka market in the world. In addition flavoured and ultra-premium vodkas are predicted to enjoy the greatest future growth with flavoured vodka now accounting for over 5% of the total vodka market.

Our forecasts are based on relatively conservative assumptions and are primarily driven off our own estimates of case sales. For the year to March 2004 we expect the total number of cases sold to be in the region of 49,000 (this is based on a full 12-month trading period from Blavod but only includes Extreme�s trading period from the 20th January) and expect this to grow to 229,000 in 2004/05e. Gross margin of c33% is low compared to the industry average of c60% and we expect the gross margin to grow as the group realises further cost efficiencies. Our forecasts assume breakeven in 2005/06e.

Valuation is less straightforward and historically the main valuation metric has been industry exit multiples for previous transactions and case sale ratios. These give a range of between 55p and 80p a share. However, there are risks and the group is still in the early stages of growing both the Blavod and Players Extreme brands and as such our price target of 55p reflects the lower end of our range. As the strength of the brands grow and they become more of a strategic asset, this could move the valuation towards the top end of our range in line with our DCF value of 85p. This is an appealing and attractive growth story."

Year to March 31st Sales (� million) Pre-Tax Profit (�million) Earnings Per Share (p)
2004E 1.8 -1.3 -5.4
2005E 9.5 -2.9 -4.7
2006E 17.9 0.3 0.4

Nb, the company have gone some way today to getting a foothold in the US market , see todays RNS on next post.

cheers GF.

shares mag makes this one a sell.

Is it the AGM today? Isn't it normal for the CEO/Chairman to release an AGM statement?

GF, are you still in these? Looking at the last RNS from the 12th, and reading of a rumour of a big buyer about, and the fact that the price is so low - I'd say its a buy right now.

Yes still in. Not temped to add just yet but feel this kind of stock will go up with the increased advertising going up to xmas.

cheers GF.

And wow did it just...........................

Blavod Extreme Spirits gained almost 30% at 22p after a trading update showed Q3 case shipments had jumped 97%.

cheers GF.

Do you have any updated research from Evolution BG

Will have a look.

cheers GF.

RORO nothing out yet but I expect there will be very soon. Please remind me If I forget. Last note was 3/12/2004.

cheers GF.

Bought back into these today. Still cheap and now gaining interest and momentum.

GF thanks I will

Encouraging news that GAM and Artemis have bought shares for their funds.

Not sure what to make of the chart to be honest.

The downtrend may have been broken, provided it holds, otherwise any retracement could well put it back into the channel again.

You've got a "Golden Cross" coming up with your M/A's and the MACD giving positive signals, plus RSI divergence.
Add in the other news.
Sit back and enjoy the ride.
May the Devil take the back seat!

Appointment of new chairman with vast experience of the American market looks good for BES.

Blavod Extreme Spirits names Colin Campbell as new non-exec chairman
AFX


LONDON (AFX) - Blavod Extreme Spirits PLC, the maker of the Blavod Black Vodka and the Players Extreme line of vodkas and rums, said it appointed Colin Campbell as non-executive chairman with effect from Jan 27.

Campbell succeeds Allan Shiach, who is retiring.

newsdesk@afxnews.com

ak/

petob,

I thought a 'golden x' was the 50 dma line crossing the 200 dma line when both are travelling upwards?

The chart above shows the 9 dma crossing the 50dma, hardly the same thing???

Or am i missing something???

Aimtrader,

You may be right.

I use a 20 dma and a 60 dma which works well enough and will make the "X" in a couple of days if the share price holds up. A bit risky, but much more sensitive than waiting for the 50 X 200 dma.

Thats why I put the Devil in the back seat, but keep a parachute handy.

Shares stiil on an upward trend but on low volume

GAM have increased their holding

Onward and upwards ,another distribution deal achieved, for what its worth evil knievel is long on this one witha cautious target of 80p this year.

im surprised to see this one climbing like this!!!

what a turnaround!!!

do any uk shops stock this black vodka???

id like to do some research, lol!!!