reports
- Chris Wickham
Well positioned for strong sales growth in FY2022
ASC announced around 20% sales growth in a FY2021 trading update released today. Sales growth was similar both in the UK and internationally, which tends to confirm the efficacy of the company’s global approach to business development as well as the strength of its online offering. Strong membership growth is important - not just as a driver for current growth, but also for future sales. While UK and International member numbers increased by 20% and 15% respectively in FY2021 as a whole, it sh...
- Chris Wickham
Unique heritage and global opportunity
The Artisanal Spirits Company, through its ownership of the Scotch Malt Whisky Society is well positioned to enjoy sustainable growth. The company boasts growing membership numbers, rising spend per member and a unique approach to sourcing some of the world’s most cherished super-premium malt whiskies. In our view, these qualities are not reflected in the current share price which implies scope for a rerating of the shares as the growth proposition becomes better understood. ASC is already a h...
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