BrewDog Trading Day


(Ben) #1

Interested to watch the BrewDog trading day yesterday- shows that it is perfectly possible to create liquidity for crowd investors prior to IPO. Wonder if more companies will follow their example.


#2

Any info on what shares were trading for? I imagine about £20 to take into account transaction costs but would be interested if anyone here bought/sold and at what price. I have 700 shares but didn’t look to sell yet.


(Ben) #3

£15 a share so agree that it was good price. Used the opportunity to top up my holding.


(Tommy Lowe) #4

It was only £15? The last round was £23.75…


(Ben) #5

Yes - very typical for trading days like this to sell at significant discount to last official raise - no rewards for one thing.


(Michael Shedden) #6

I sold less than a fifth of my holding, which has comfortably covered everything I spent on the whole lot.

And that’s not even considering the hundreds of pounds worth of free beer, various other freebies, and the money I’ve saved via discounts.

But I was in reasonably early. I also think it was a great price to buy at if you just got shares in the last official raise, or if you didn’t have any.


#7

Many of us will be Brewdog shareholders simply because we are here on the forum of a crowdfunded platform aimed at investors.

If we all take our Brewdog hats off for a minute, surely this isn’t a good thing as some are suggesting?

This is a massive downround (-40%?) on the valuation they gave themselves in 2017. If crowdfunding £20m for one whole year (when others have done it in hours) was not an indication that they were grossly overvalued then surely a large swathe of early investors fighting for the exit door at a 40% discount and not finding many buyers waiting for them is the biggest red flag you can get?

I think they got way ahead of themselves with the TSG investment. Yes, early investors have made huge profits but the smelly elephant in the room is the fact that most of their crowdfunding investors will now be sitting on a 40% paper loss.

Yes, one day in the far future they will probably float for a few £billion, I believe that. But just to have a reality check for those saying this is great, the company has just suffered a massive downround and the majority of investors who paid £23.50 as early as November 2017 could be looking at a wait of years before they ever see that price again.

Brewdog hat back on - I need a beer!:smile:


#8

Well, you’ve got transaction costs, no benefits, and having to know about it and bother to go through the registration process, so it was never going to be close to £23.75. Another couple of years’ growth before an IPO and it should be a good story, but I agree it’s not going to be the sort of growth early investors saw.


(Jim) #9

I stuck a few quid in the 2015 Brewdog Bond - at 6.5% each year a decent investment.