All that investors need to know about Australian Whisky Holdings

AWY

Australian Whisky Holdings Limited (ASX: AWY), formerly known as Montec International Limited, is a Sydney-based company engaged in producing single malt whisky primarily in Tasmania, Australia. Its major brand line includes Nant (winner of 2019 China Wine & Spirits Awards), Overeem and Lark (winners of 2018 World Whiskies Awards) and Old Kempton. The company was founded in 2003.

In a recent note of announcement on February 11th, 2019, the company informed that the contract with Whisky Negociants Australia Pty Ltd, under which Mr Chris Malcolm was engaged as company’s Chief Executive Officer, has ceased effective immediately. While the search for a new appointee is on, the Company’s current Chief Financial Officer Mr Brendan Waights will take over as the Acting Chief Operations Officer, supervising daily management with assistance from Mr Demetrius Giouzelis, Head of Brands and Commercial Markets. 

Before this, Bill Lark and Stuart Grant were appointed to the Board of Directors of Australian Whisky Holdings on February 1st, 2019. Following which, it was reported that William (Bill) David Blake Lark jointly holds 312,000 ordinary shares with his wife Lynette Theresa Lark, as well as jointly holds 297,620 ordinary shares with his wife through the Lark Family Account.  Likewise, Stuart M Grant holds 60,723,576 ordinary shares under the same allowance.

On January 30th, 2019, the company released its consolidated statement of cash flows for the quarter ended December 31st, 2018. As per the report, massive cash outflows were posted at around AUD 1.83 million on account of high payments for product manufacturing and operations, advertising and marketing, staff costs, administration and corporate costs along with interest and other costs of finance paid. The investing activities also incurred outflows at AUD 116,000.

On the flipside, there were cash inflows via financing activities including proceeds from issues of shares at AUD 11.95 million, transaction costs related to issues of stocks, despite outflows from repayment of borrowings at AUD 5.35 million. Overall, the net increase/decrease in cash and cash equivalents was definite at AUD 9.34 million. According to the statement, the estimated cash outflows for the next quarter are approximately AUD 2.8 million excluding revenues and other unanticipated developments.

The company has a market capitalisation of AUD 78.27 million and approximately 1.63 billion outstanding shares. With the close of the trading session on Monday, February 11th, 2019, the AWY stock is trading at a market price of AUD 0.045, down 6.25%, indicating an intra-day loss of AUD 0.003. Around 1.6 million volume of shares were traded.

The stock has a 52-week low of AUD 0.027 and a 52-week high of AUD 0.055. Over the course of last three months, the stock has exhibited a decent performance with a positive yield of 20% despite undergoing constant fluctuations in the previous six months with a return yield of 9.09%. AWY has generated a YTD return of 6.67% to date.


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