International Whisky Competition®
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Top Shelf International Holdings Ltd
Top Shelf International Holdings Ltd Principal Place of Business: 16-18 National Boulevard Campbellfield Victoria Australia 3061 22 July 2021 ASX ANNOUNCEMENT (ASX:TSI) Top Shelf International (“TSI”), Australia’s leading premium spirits company, provides an overview of its Maturing Spirit Inventory and Net Sales Value. As at 30 June 2021 • At 30 June 2021, TSI had maturing spirits (Whisky & Agave) with a Net Sales Value of $272 million, an increase of 521% YOY and 154% above Prospectus. • TSI’s total spirit inventory increased to 3.5 million litres in FY21, an increase of 410% on 30 June 2020. • In FY21 2H, TSI achieved an Average Net Sales Value per litre for NED Whisky of $71.40 (an increase of 23% from FY21 1H to FY21 2H). TSI engaged PwC to perform certain procedures on the calculations and methodology to derive the 30 June 2021 whisky Net Sales Value per litre calculation. Forecast • With planned production considered: • By 30 June 2022, TSI forecasts that Net Sales Value of maturing spirits will increase to $418 million. • TSI will have a total of 6.6 million litres of mature spirits (Whisky & Agave) available for sale within the next five years (prior to 30 June 2026) with a Net Sales Value of $500 million. • Net Sales Value over a five year period is an important metric for TSI. It provides an indication of timeframes in which inventory can be expected to be available for sale. The five year period corresponds with: • Two maturation cycles of Whisky, and; • One maturation cycle of Agave. Refer to TSI’s maturing spirit inventory presentation dated 22 July 2021. -
Botanics in a Bottle
Insider THIRST QUENCHER Botanics in a bottle Propelled by dynamic craft spirit makers and cutting-edge mixologists, the Australian gin scene is growing up AUSTRALIA IS IN THE MIDDLE of a gin renaissance. Driven by distilleries, boutique bars and mastermind mixologists, we are becoming more “gintrified” than ever. Our consumption of juniper juice is booming and our craft distilleries are collecting prestigious international awards. Te secret, it seems, is the Indigenous ingredients being used – native myrtle, Tasmanian pepperberry, finger limes and wattle seed – wielded with wizardry in sheds and wineries across the country. Andrew Marks of the Melbourne Gin Company makes gin at his parent’s winery, Gembrook Hill “Tere’s a strong appetite for ‘local’ Four Pillars’ Cameron McKenzie, Vineyard, in the Yarra Valley, 50 in a lot of facets of people’s lives; a winemaker, and others such as minutes from Melbourne. He takes a they’re trying to support farming and Sacha La Forgia of 78 Degrees in winemaking approach, distilling all producers and this is just another the Adelaide Hills have been drawn 11 botanicals separately – including avenue to do so,” says Andrew. to the craft by the opportunity to local grapefruit peel, macadamias Te West Winds Gin from Western experiment with botanicals and and sandalwood – to better gauge Australia and Victorian-based Four flavour. the effect each has on the finished Pillars have put Australian gin on Oddly though, the story of product. Tey’re then blended and the map. Four Pillars, also based in Australia’s craft gin craze actually cut back with filtered rainwater the Yarra Valley, scooped the San begins with whisky. -
Hills Whisky Boost Raises Spirits at Mighty Craft
30/07/2021 Hills whisky boost raises spirits at Mighty Craft Support independent journalism DONATE SUBSCRIBE Hills whisky boost raises spirits at Mighty Craft BUSINESS More than 70,000 litres of mature Adelaide Hills whisky this year will supercharge listed beverage company Mighty Craft’s and fuel its rise to becoming one of Australia’s biggest craft beverage players. Adelaide Hills Distillery founder Sacha La Forgia with Mighty Craft products including his 78 Degrees Australian Whisky. The company that last month announced a $47 million plan to buy SA producers Adelaide Hills Distillery, Mismatch Brewing and Hills Cider yesterday reported sales revenue for the June quarter of $8.9 million, taking its financial year cash receipts to $31 million. https://indaily.com.au/news/business/2021/07/30/hills-whisky-boost-raises-spirits-at-mighty-craft/ 1/4 30/07/2021 Hills whisky boost raises spirits at Mighty Craft They are also expected to be a major boost to Mighty Craft’s whisky acceleration program with figures released in yesterday’s report showing Adelaide Hills Distillery will alone add 78,487 litres of mature whiskey to group inventories this calendar year. A further 63,000 litres of Adelaide Hills Distillery whisky is expected to reach maturity before the end of 2023 adding to the about 45,000 of other Mighty Craft whisky set to reach maturation by 2026. Future whisky stocks increased by 27,556 litres during the June quarter, mainly driven by production of Hidden Lake and the Adelaide Hills Distillery brands. That whisky will not reach maturity until at least 2024. -
A Scotch Whisky Primer
ARDBEG Voted World’s Best Whisky 2008 & 2009 by Jim Murray’s Whisky Bible. This article was originally published online at www.nicks.com.au A Scotch Whisky Primer What is Scotch Whisky? Today, Scotch whisky is one of the world’s leading spirit drinks and also regarded by many as the world’s most ‘noble’ spirit. It is exported to about 200 different markets and frequently outsells every other spirit category. Made from the most elemental of ingredients, water and barley, it has become inextricably woven into the fabric of Scotland’s history, culture and customs. Indeed, there are few products which are so closely related to the land of their birth than ‘Scotch’. For Scots, it is the drink of welcome and of farewell, and much in between. With a dram babies are ushered into the world and guests to the house. In the days when distances were traveled only with difficulty, a jug of whisky was left out for any tradesmen who might call. Business deals were sealed with a dram. All manner of small ailments have been eased with whisky - from children’s teething, to colds and flu. Depart- ing guests were offered a deoch an doruis, the ‘dram at the door’ - in modern terms ‘one for the road’. The dead-departed are remembered and wished Godspeed with large quantities of whisky. As Charles Shields puts it: “...without an appreciation of whisky, I think a visitor to Scotland misses the true beauty of the country; whisky and Scotland are inseparably intertwined.” The word ‘whisky’ originates from the Scots Gaelic word “Uisge Beatha” meaning the ‘water of life’, Anglicised over time to ‘Whiskybae’ until finally being shorten to ‘Whisky’. -
LRK Lark Bar Hobart CBD Brooke Street Pier } Sole Owner of Sepplesfield Exit 07/20 Exit 04/20 Laurent Ly (NED) } 8.7% Holding in LRK } HK Based F&B Investor
LARK : ASX SMALL CAPS PRESENTATION BRAND and BARRELS The Road to Whisky Riches September 2020 ASX SMALL CAPS RECAP ON LARK SINCE WHOLESALE BOARD CHANGE IN 2019/20 EXECUTIVE & BOARD ASSETS & BRANDS David Dearie } Independent Non-Exec Chair } Ex-CEO Treasury Wine Estates Geoff BainbridGe – ManaGinG Director Bothwell Distillery Cambridge Distillery } 10+ Years at Fosters / Ex-MD Spirits } Ex-Founder of Grill’d, Bounce Warren Randall (NED) } 4.4% holding in LRK Lark Bar Hobart CBD Brooke Street Pier } Sole Owner of Sepplesfield Exit 07/20 Exit 04/20 Laurent Ly (NED) } 8.7% Holding in LRK } HK Based F&B Investor Laura McBain (NED) 711,313 Litres } Ex-CEO Bellamy’s Organic $16.7m Cost } Tasmanian Based $99m Mkt Value 2 Lark Bond Stores ASX SMALL CAPS RECAP ON THE STRATEGY ANNOUNCED AT THE NOVEMBER 2019 AGM THE PLAN IS TO MAKE LARK THE “PENFOLDS” OF AUSTRALIAN WHISKY } Premium Brand Position } Embrace 28 Year Lark Heritage } Multi-Tiered Price Point : Lark Rare Cask / Legacy, Lark Classic, Lark Symphony } Innovation Without Compromise to Quality } Strong Asian Consumer & Trade Appeal } Meaningful Scale in Terms of Revenue / Capacity / Maturation } Flexible Sourcing Model – Inhouse & Outsourced } Focused Execution and Superior Returns LARK POINT OF DIFFERENCE } Founder Bill Lark } First Tasmanian Whisky } First Australian Craft Whisky } International Award Winning } Only Australian Peat Bog } Biggest Volume of Tasmanian Whisky Under Maturation “MADE of TASMANIA” 3 ASX SMALL CAPS RECAP ON THE BUSINESS MODEL / THE ECONOMICS Super Premium Whisky -
The Sell: Australian Advertising, 1790S to 1990S
The Sell: Australian Advertising, 1790s to 1990s Checklist Section 1: 1790s to 1851 George Hughes (Government Printer) Playbill for a performance of Jane Shore, The Wapping landlady and The miraculous cure at the Theatre, Sydney, Saturday 30 July 1796 typeset ink on handmade paper; 20 x 12 cm AUSTRALIAN PRINTED COLLECTION, nla.cat-vn4200235 GIFT FROM THE GOVERNMENT OF CANADA TO THE PEOPLE OF AUSTRALIA, 2007 Inscribed on the UNESCO Australian Memory of the World Register, 2011 Thomas Bock (artist and engraver, 1790–1855) Ship Inn & Family Hotel, Elizabeth Street, Hobart c. 1828 engraving; 6.2 x 8.7 cm PETHERICK COLLECTION (PICTURES), nla.cat-vn534027 Thomas Bock (artist and engraver, 1790–1855) H. Baynton, carcass & retail butcher, corn factor & general dealer, Elizabeth Street, Hobart c. 1828 engraving; 4.1 x 7.8 cm PETHERICK COLLECTION (PICTURES), nla.cat-vn2056336 John Armstrong (surveyor, d. 1870) Baker’s Lithography (printer) Sales plan: The Great Broughton Ground estate, in York and Clarence streets: for sale by Mr Stubbs ... on Wednesday the 3rd Novr 1841 at 12 o'clock precisely 1841 hand-coloured lithograph; 38.2 x 51.3 cm RARE MAPS COLLECTION, nla.cat-vn1705270 Front page of The Moreton Bay courier, volume II, no. 85, Brisbane 29 January 1848 letterpress; 50.2 x 38 cm AUSTRALIAN PRINTED COLLECTION, nla.cat-vn177429 James Barnard (Government Printer) Reward! One hundred pounds and conditional pardon: poster for the apprehension of runaway convicts Daniel Priest and John Smith 19 May 1845 wood and metal type letterpress; 56.8 x 75.5 cm REX NAN KIVELL COLLECTION, nla.cat-vn974640 Emigration poster Westminster, London: Colonial Land and Emigration Office, 15 May 1851 wood and metal type letterpress; 57.5 x 51.2 cm FERGUSON COLLECTION, nla.cat-vn1628093 1 Section 2: 1851 to 1901 Penny token: T. -
Single Malt Scotch
TABLE OF CONTENTS: Kentucky ...................................... 1, 2, 3, 4, 5, 6, 7,8, 9, 10 Alabama, Arizona & Arkansas ............................................. 10 California .................................................. 10, 11, 12, 13 Colorado, Delaware & Florida ........................................ 13, 14 Georgia, Hawaii, Idaho, Illinois &Indiana ............................... 15 Iowa, Kansas, Maine, Maryland, Massachusetts & Michigan ................. 16 Michigan & Minnesota ................................................ 17, 18 Missouri, Montana, Nevada, New Jersey & New Mexico ...................... 18 New York ........................................................ 18, 19, 20 North Carolina, North Dakota, Ohio, Oklahoma & Oregon ................... 20 Oregon & Pensylvania .................................................... 21 Rhode Island & South Carolina ........................................... 22 Tennessee ....................................................... 22, 23, 24 Texas ................................................................... 24 Utah, Vermont & Virginia ................................................ 25 Virginia, Washington & Washington DC .................................... 26 West Virginia Wisconsin, Wyoming & NGO ................................. 27 Blended Scotch .................................................. 28, 29, 30 Highland Single Malt Scotch ................................. 30, 31, 32, 33 Speyside Single Malt Scotch ............................. 34, 35, 36, 37, 38 Islay -
Things Wonderful in Tasmanian Single Malt Whisky
ALL THINGS WONDERFUL IN TASMANIAN SINGLE MALT WHISKY Business and Inventory Value Update May 2019 1 CAPITAL STRUCTURE Capital Structure 12 Month Share Price Chart (as at 8 May 2019) (A$'000) Shares outstanding 1,630,579 $0.06 Cash balance, at 31 March 2019 8,092 $0.06 Share price 0.041 Undiluted market capitalisation 66,854 $0.05 $0.05 52 week share price range: …Low 0.032 $0.04 …High 0.050 $0.04 $0.03 Substantial Shareholders $0.03 Bruce Neill (and related entities) 11.4% $0.02 Christopher Malcolm (and related entities) 9.9% May-17 Aug-17 Nov-17 Feb-18 May-18 Aug-18 Nov-18 Feb-19 May-19 Ace Cosmo Developments Limited 8.7% HSBC Custody Nominees 6.1% AWY share price ($/share) Source IRESS market data 8 May 2019, Company information 2 VALUE ADDED – Company Transformation Well Advanced AWY has been successfully transformed into a diversified Australian spirits company adding significant value to date. The strategy for a spirits company takes time to execute and the Company believes there is further value upside going forward. • AWY has successfully achieved the following milestones to execute on the current AWY strategy to guide the Company going forward. • Expanded production capacity and investment in infrastructure – AWY has increased production capacity of both whisky and gin – capacity expansion at the Nant Bothwell site, increasing production by circa 75% to 14 barrels per week (668 barrels/year) from previous 8 barrels per week (374 barrels/year); and total production of 31 barrels (3,100 litres) per week between three brands (Nant, Overeem & Lark) – an extension to the Lark Distillery in Cambridge enabling Overeem Whisky to be relocated to this site; and – an upgrade of the gin still at Cambridge, increasing gin distilling capacity from 200 litres to 5,500 litres per week. -
MENU Results of the December Raffle Results of The
Kingston Single Malt Society www.kingstonsinglemaltsociety.com A social club for the appreciation of Single Malt Whisky since 1998 JANUARY 21st, 2019 VOLUME 12; NUMBER 7 BENRIACH CASK STRENGTH BATCH No. 1 LCBO 229824 | 700 mL bottle Price: $150.25 Spirits, Scotch This evening's Whisky, 57.2% Alcohol/Vol. menu celebrating BENROMACH EXCLUSIVE SINGLE CASK SPEYSIDE 8 the YEAR OLD SINGLE MALT (DISTILLED; 2009; BOTTLED th 260 Anniversary 2017; Barrel # 122; One of 249 Bottles) VINTAGES of 133527 | 700 mL bottle Price: $ 127.95 Spirits, Scotch Whisky, 59.4% Alcohol/Vol. Robbie Burns LAPHROAIG TRIPLE WOOD ISLAY SINGLE MALT LCBO Birthday 272195 | 750 mL bottle Price $89.95 Spirits, Whisky/Whiskey, Scotch Single Malts 48.0% Alcohol/Vol. --------------------------- HIGHLAND PARK VALKNUT LCBO 632687 | 750 mL MENU bottle, Price: $99.95, Spirits, Whisky/Whiskey 46.8% Alcohol/Vol. Ode to the Haggis & Pre-Dinner Toast HIGHLAND PARK FULL VOLUME LCBO 534305 | 750 mL 1st Nosing: KILKERRAN 12 YEAR OLD bottle, Price: $129.95, Spirits, Whisky/Whiskey 47.2% (introduced by: Doug Perkins) Alcohol/Vol. Soup: Traditional Scotch Broth Soup nd ---------------------------- 2 Nosing: KILCHOMAN PX SINGLE CASK (introduced by: John Leighton) Results of the December Raffle Appetizer: Scotch Cured Salmon Gravlax, The winner of the Tomatin Gift Pack and the Pickled Beets, Horseradish, Mustard Greens Samuel Adams Uptopia was Bill Gorham. 3rd Nosing: BENRIACH CASK STRENGTH A total of $590 was raised. BATCH No.1 Thank you everyone! (introduced by: Ken Goodland) ---------------------------- 4th Nosing: BENROMACH 18 YEAR OLD (introduced by: Paul Charbonneau) Results of the Silent Auction A big thanks to all those who participated. -
Spirit Drinks Verification Scheme - Technical Guidance
Notice June 2019 Spirit Drinks Verification Scheme - technical guidance Scotch Whisky verification 1 Contents 1. Summary 1.1 The purpose of this notice 1.2 What is in this Notice? 1.3 What’s new (June 2019) 1.4 Who should read this Notice? 1.5 Who can I contact for further advice? 2. Scotch Whisky (Geographical Indication) verification: General 2.1 What is a Geographical Indication? 2.1.2 What is HMRC's role? 2.1.3 What is the scope of the Scotch Whisky verification scheme? 2.2 What legislation do I need to be aware of? 2.2.1 What is the Scotch Whisky Technical File? 2.2.2 Where can I find a copy of the Scotch Whisky Technical File? 3. Applying for Verification 3.1 Why do I need to apply for verification? 3.2 Do I need to apply to HMRC for verification? 3.3 Labelling 3.4 How will production processes be verified? 3.5 How do I apply for verification? 3.6 When do I need to apply for verification? 2 3.7 What are the penalties for failing to apply for verification? 3.8 Do I have to renew my application? 3.9 Do I have to apply for verification for each of my production facilities? 3.10 Will I receive a registration certificate? 3.11 How will the information I provide be used? 3.12 What happens if I do not apply for verification? 3.13 What are my obligations once I apply for Scotch Whisky verification? 4. Reporting changes 4.1 What if any of my business details change after I have applied for verification? 4.2 How do I tell you about changes? 4.3 What changes do I need to tell you about? 5. -
The Poetry and Humor of the Scottish Language
in" :^)\EUN'i\TPr/> ^ c^ < ^ •-TilJD^ =o o ir.t' ( qm-^ I| POETRY AND HUMOUR OF THE SCOTTISH LANGUAGE. THE POETRY AND HUMOUR OF THE SCOTTISH LANGUAGE. BY CHARLES MACKAY, LL.D, " Autlior of The Gaelic Etymology of the Languages of Westerti Europe, tuore particularly of the English and Lowland Scotch;" " Recreations Gauloises, or Sources Celtigues de la " " Langue Fratifaise ; and The Obscure Words and Phrases in Shakspeare and his Con- temporaries" is'c. ALEXANDER GARDNER, PAISLEY; LONDON : 12 PATERNOSTER ROW. 1882. :•: J ^ PREFACE. a I/) c The nucleus of this volume was contributed in three " papers to Blackwood's Magazine," at the end of the year 1869 and beginning of 1870. They are here of Messrs. r--. reprinted, by the kind permission Blackwood, CO ^ with many corrections and great extensions, amounting "^ to more than two-thirds of the volume. The original :> intention of the work was to present to the admirers of ^o Scottish literature, where it differs from that of England, only such words as were more poetical and humorous in the Scottish language than in the English, or were \ altogether wanting in the latter. The design gradually extended itself as the with his ^ compiler proceeded task, ^^11 it came to include large numbers of words derived from the Gaelic or Keltic, with which Dr. Jamieson, the 4 author of the best and most copious Scottish Dictionary ^ hitherto published, was very imperfectly or scarcely at all acquainted, and which he very often wofuUy or ludi- crously misunderstood. " Broad Scotch," says Dr. Adolphus Wagner, the eru- and editor of the Poems of Robert dite sympathetic Burns,— pubUshed in Leipzig, in 1835, "is literally broadened, i.e.^ a language ot dialect very worn off, and blotted, whose VL PREFACE. -
AAWE Working Paper No. 228 – Economics
AMERICAN ASSOCIATION OF WINE ECONOMISTS AAWE WORKING PAPER No. 228 Economics THE HEDONIC PRICE FOR WHISKY: DISTILLER’S REPUTATION, AGE AND VINTAGE David Moroz and Bruno Pecchioli Jun 2018 www.wine-economics.org AAWE Working Papers are circulated for discussion and comment purposes. They have not been subject to a peer review process. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the American Association of Wine Economists AAWE. © 2018 by the author(s). All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Hedonic Price for Whisky: Distiller’s Reputation, Age and Vintage David Moroz and Bruno Pecchioli, South Champagne Business School 217 avenue Pierre Brossolette 10002 Troyes cedex, France [email protected] and [email protected] Abstract: Using an original dataset hand collected on an online trading platform specialized in whisky investment, this article aims to estimate the main determinants of price differences for whiskies. We find strong evidence that distiller’s reputation, age of whisky and vintage affect positively the price. Other findings include a negative effect for independent bottling (i.e. not in-house by the distiller) and a positive “collector” effect for bottles identified as “extremely rare” by the website. Keywords: reputation; hedonic prices; whisky JEL Classification: L11; L15; Q13 I. Theoretical Background and Literature Overview Prices can be used by producers and other sellers as signals to inform consumers about the quality of their products.