Brewdogâs CEO James Watt outlined on their forum earlier this year how he aims to achieve a ÂŁ5bn valuation in the next few years before a listing. (Sorry, couldnât find a link).
If I recall correctly his plan was basically to expand their Scottish and American breweries and launch one in Australia, along with continuing with all the bar launches and product development theyâre renowned for. Their track record for achieving their goals is unmistakable and my trust in the management is in the âjust take my moneyâ zone.
A lot of people will point at the lofty valuation as a reason not to invest. ÂŁ1.8bn to ÂŁ5bn is nothing compared to what other crowdfunding opportunities might promise (See: Monzo, Freetrade etc), however a lot of people wouldnât invest in round 4 for this reason also, saying there wasnât any upside about 5 âbagsâ ago.
To me it feels like buying ÂŁ50 vouchers for ÂŁ23.50. The only catch is that you canât redeem them for a few years, and a few doesnât mean â3â - nobody knows how many years.
If youâre already a shareholder you can actually buy more shares privately for serious discounts on the price theyâre raising at now. Iâve been buying some more of these ÂŁ50 vouchers for about ÂŁ17 each. You can find sellers on their forum.
Normally Iâd be worried about people selling way below market price, but in this case there is clearly a glut of sellers as the buyers from many years ago are all sitting on huge paper profits and are desperate to convert that paper into beer money. Itâs easy to sell at a 30% discount when youâre taking a profit of hundreds or thousands of percent.
This is a great opportunity to help those people out and also add value to your portfolio.