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MCL - Mighty Craft

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Founders First is an Australian based craft beverage 'accelerator' operated by a group of leading liquor industry professionals, which invests in select craft beverage businesses alongside their founders and accelerates their growth through the provision of capital, sales and marketing, supply chain and management expertise and the operation of venues.

Founders First is based in Melbourne and currently has, or shortly after Completion of its IPO will have, investments in businesses or venues in Melbourne, Mornington Peninsula, Adelaide, Sydney, Newcastle, Brisbane and Cairns. In the future, Founders First may invest in Partners which operate in domestic or international locations outside of these areas.

It is anticipated that FFL will list on the ASX during December 2019.

https://www.foundersfirst.group
 
So this one starts trading today.
I always thought CRAFT beer meant,
Can't Read A Flipping Thing after drinking it.:confused::roflmao:
As good a time as any to list I guess, being silly season ATM and all.
Will be watching the start out of interest only.
A couple of bigger names invested so far;
CITICORP NOMINEES PTY LIMITED with 4.5%, rank 2.
NATIONAL NOMINEES LIMITED with 2.76%, rank 6.
BODHI INVESTMENT LIMITED with 2%, rank 9.
HSBC CUSTODY NOMINEES
(AUSTRALIA) LIMITED with 0.91%, rank 20.
I wish them all the best and a prosperous new year. A toast.
Cheers. F.Rock
 
I am very new to shares and just slowly getting my head around it all. I like the idea of what FFL are doing, however there doesn't seem to be alot of interest in this stock at the moment. Is it normally best to wait until the first financial report is out? Is this when interest generally increases?

Thanks in advance
 
The stock has only been trading for a month and is fairly small fry, probably thus the lack of interest.
Interest in the stock will show up in the volume and price averages and movements.
Movement may be triggered by announcements or other unknown reasons, and yes good financial reports.
Their first full quarter report wouldn't be till after end of March and if it's good, investors show interest... sometimes!
F.Rock
 
On November 11th, 2020, Founders First Limited (FFL) changed its name and ASX code to Mighty Craft Limited (MCL).
 
Mighty Craft Limited (MCL) is aiming to build the world's strongest craft beverage collective through supporting and growing independent craft brewery and distillery businesses. MCL has invested in select craft beverages and is accelerating the brands growth through equity and debt funding whilst providing access to MCL's leading team of liquor industry professionals providing functional excellence to craft operators.

Placement and SPP raised $7.5million in Sept 2020

Jetty Road Brewery departed Sth Melbourne site and moved to Lorne ... aiming to be "capital light"

Changed name in Nov

March; Mighty Craft partnering with Kangaroo Island Spirits and South Australian Tourism Commission to develop a world-class experiential distillery on Kangaroo Island
• Kangaroo Island Distillery is a confirmed recipient of $500K funding support from the South Australian Tourism Industry Development Fund

and now, maybe some wind in the sails; the 2021 Federal Budget comes along, and hopes lift again
Distillers and brewers are hoping that tax cuts targeting craft spirits and beer production will help Australia’s burgeoning boutique alcohol industry expand its footprint globally, mirroring the export push undertaken by the wine sector 30 years ago.
Click to expand...
Tuesday’s federal budget offered small breweries and distillers $255 million in savings by lifting the excise relief cap – which is the mechanism by which both beer and spirit production is taxed – from $100,000 to $350,000.
Click to expand...
 
MCL is addressing the challenges that small scale / boutique / bespoke / local success stories suffer from, addressing growth and distribution, & looking at ways to address the myriad issues.

The Mighty Craft focus is on allowing founders to play to their strengths while the MC team of industry experts supports by covering their gaps constraining growth and profitability.


• Mighty Craft has incorporated a new company Craft Hub Pty Ltd and appointed a General Manager, Ben Adams, to head up a transformative digital growth strategy set to revolutionise the supply chain for Independent Craft.
• Craft Hub is being established as a digitized supply chain solution that combines Mighty Craft’s unique industry position and retail networks, with Bevchain’s national logistics network (Linfox) to solve industry issues.
• Craft Hub aims to solve the inefficient routes to market that serve Independent Craft whilst also solving retailer costs of doing business with Independent Craft.
• The craft sector is big and growing (estimated > $1B growing at ~7%) with an estimated ~2,000 Independent operators across Beer and Spirits categories.
• With its privileged partnerships with Independent Craft producers, Retailers and Bevchain, Mighty Craft is uniquely positioned to lead and solve this issue •
 
Dona Ferentes said:
MCL is addressing the challenges that small scale / boutique / bespoke / local success stories suffer from, addressing growth and distribution, & looking at ways to address the myriad issues.

The Mighty Craft focus is on allowing founders to play to their strengths while the MC team of industry experts supports by covering their gaps constraining growth and profitability.


• Mighty Craft has incorporated a new company Craft Hub Pty Ltd and appointed a General Manager, Ben Adams, to head up a transformative digital growth strategy set to revolutionise the supply chain for Independent Craft.
• Craft Hub is being established as a digitized supply chain solution that combines Mighty Craft’s unique industry position and retail networks, with Bevchain’s national logistics network (Linfox) to solve industry issues.
• Craft Hub aims to solve the inefficient routes to market that serve Independent Craft whilst also solving retailer costs of doing business with Independent Craft.
• The craft sector is big and growing (estimated > $1B growing at ~7%) with an estimated ~2,000 Independent operators across Beer and Spirits categories.
• With its privileged partnerships with Independent Craft producers, Retailers and Bevchain, Mighty Craft is uniquely positioned to lead and solve this issue •
Click to expand...
Sounds as though they are trying to become the middle men in the supply chain, I'm not sure it is a good place to be.
 
sptrawler said:
Sounds as though they are trying to become the middle men in the supply chain, I'm not sure it is a good place to be.
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there are a lot of players thinking they can nail the digital supply chain.... look at the wine offers.
In this sector, there are some 2,000 Independent operators across Beer and Spirits categories. At least there are tailwinds, rather than the challenges of Chinese actions cruelling wine exports
allowing the boutique alcohol industry [to] expand its footprint globally, mirroring the export push undertaken by the wine sector 30 years ago.
Click to expand...
 
Dona Ferentes said:
I'm optimistic for them... Guess I'm a glass half full person ??????

Cheers.
Click to expand...
Nothing wrong with that Donna, I'm the same way. :xyxthumbs
It is just many failures have been built on good intentions, relying on producers to come good on promises, is a shaky game IMO.
It will be great if they can bring it all together.
 

Tradies turned internet stars launch $1.4 million beer company​


au.finance.yahoo.com

Tradies turned internet stars launch $1.4 million beer company

The Inspired Unemployed will launch their own beer company called ‘Better Beer’. Find out how they went from social media skits to beer makers.
au.finance.yahoo.com au.finance.yahoo.com

DYOR

WOW .. thanks ASF i dodged another bullet

i ALMOST put money into Gage Road , i ALMOST put money into Australian Whiskey

and now i know this NOT a brand new company i will be much more cautious

cheers
 
Hi,

What is everyone's latest thoughts on MCL?.

Amateur trader, finding my feet & MCL was suggested to me by others but wanting to do my own independent research

Any upside?
 
Mighty Craft completes A$5.8 million placement to sophisticated and institutional investors

Highlights:
  • Mighty Craft raises $5.8 million via a placement to sophisticated and institutional investors at $0.29c per share.
  • The company will issue approximately 20.0m ordinary shares representing 6.2% of issued capital upon completion of the placement.
  • The funds raised will be primarily used to accelerate the Company's whisky strategy, replace working capital funds impacted by the lockdowns over the last six months, and provide important funding cover in the event of further lockdowns over peak trading.
  • Combined with the recent sale and leaseback of the Jetty Road freehold for $3.55m this leaves the business well funded entering peak trading over the summer months.
• COVID related lockdowns have resulted in our Victorian and NSW venues closing for most of the quarter and, in turn, these closures have had an adverse impact on the retail business. To put this impact into context, venues account for ~34% of company overall revenue and on premises sales are a further 16% of revenue.
• Trading conditions are expected to improve in Q2 as lockdowns are lifted across Victoria and NSW and, in the meantime, management are focussed on an anticipated post lockdown rebound in trading and seasonally peak period trading associated with Christmas and Summer.

The shareprice got to as low as 25c during the lockdown periods so the placement at 29c was timely, if diluting. Shareholders did not get a look in, it seems. Now 34c and has seen a bit of volume lately.
 
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