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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.

Is that all you do go round the threads and pick holes. Very sad.

LOL DC. Hes always been like that.

dc so you are a member of the same gang?

That is all I see you do, why not add to the threads with something useful. Investors must be getting tired of your boring posts. YAWN.

Why don't you now give it a rest you don't like me and I'm not keen on you. Again good weekend. Perhaps leave your career at work and not bring it on here.

rampety some of us are tired of your constant ramping which is not supported by tangible facts, do you make it up like most journos as you go along?

You talking to me DC??

No goldfinger.

And please stop saying some of us, and involving others. Shows a sign of weakness.

Sorry bud got both halifax and doddlebug filtered, so its difficult to know whats what.

Ahhh yes halifax, derd ignorant type gives Yorkshire a bad name. Just filter him, better off without low lifes like him.

No more responses from me, so do not ask stupid questions.

Dont forget DC hes a wannabe just like doddlebug. 2nd rate punks. Just filter them, they are jealous and nothing else.

That's fine goldfinger. Would I have made comment to you like that. :-)) The man is getting obsessed with Blur and Wandisco. That have funny enough done very well. A lazy so in so who cannot look information up himself and then tries to make out you no nothing about the company.

gf tks for that so polite reference we are proud of our heritage probably more than you are, if you have any.

Thanks goldfinger, good weekend.

dc isn't it time you admitted you haven't a clue what EBITDA WAND and BLUR may or may not achieve?

Yep have a good one mate. cheers, see ya monday.

Well done goldfinger, if you are trying to reduce this Moneyam bulletin board to an utter shambles you are doing a very good job of it at the moment. Your post 77 on this thread just sums up what you are all about - absolutely no attempt at any input regarding this share, but just carrying on the personal vendetta against me. It is one thing to post whatever rubbish you want on the Talk to Yourself thread, but to post utter Twitter crap on this thread, in an effort to wind me up, is unacceptable. I really don't mind anyone posting on this thread saying - I wouldn't buy this share and giving a reasoned explanation why, but you really need to realise there are boundaries out there. You have already made a complete fool of yourself on the COMS thread in a pathetic effort to discredit me and I would have hoped you had learnt a lesson from that, but obviously not.

Just repeating this post 76 as it probably got completely lost in all the other posts that followed on from it thanks to goldfinger.

BLAVOD: BRAND DESIGNS–Initiation of coverage
Blavod Wines & Spirits | Published on 16/10/2013
Blavod is in a transitional phase as it moves its operating model solely into the development of premium own brand spirits. Having recently outsourced distribution, Blavod can now focus on the added-value activity of creating desirable, profitable, international brands, backed with a pipeline of new product development. Successful brand incubation can attract larger industry players prepared to pay multiples of the current market capitalisation of Blavod for a brand proposition they can leverage globally. The shares do not currently reflect upside potential with the new model as yet unproven.

Full analysis available on www.progressive-research.com

Very clever - post 77 on this thread edited, but not so clever as I already have the original on file. You may want to edit your post 91 as well - considering the remarks IanT made on the TRAF thread today.