Bulk trade bid

Bulk trade bid notification

WhiskyInvestDirect is pleased to announce that a whisky industry buyer has made a bulk trade bid for the following stock line:

  • Kirkcowan, First fill bourbon 2018 Q1
  • Initial bid: £4.30 per LPA
  • Current bid: £4.30 per LPA – a 1.42% premium over the last price (£4.24) at which this line sold on the WhiskyInvestDirect platform

This bulk trade bid was made public on Wednesday 3 February at 1.00pm (UTC).

The buyer is pitching to buy 17,000 LPA. However, this offer is conditional on reaching acceptances to sell for a minimum of 5,000 LPA by 1.00pm (UTC) Wednesday 10 February 2021.

If we receive acceptances for more than 17,000 LPA then the spirit will be purchased from users on a first come first served basis.  

Trading in this stock line is suspended for the period of the bulk trade bid.

If you hold any of this stock line, you will have received an email to the email address registered on your WhiskyInvestDirect account advising you how to proceed. If you are not aware of this email, please contact us at support@whiskyinvestdirect.com from the email address registered on your WhiskyInvestDirect account.

Below is a screengrab of the Kirkcowan, First fill bourbon 2018 Q1 price chart taken on Wednesday 3 February 2021 at 12:00pm (UTC).

What is a bulk trade bid?

A bulk trade bid is the ordinary way for stock to exit the platform and for stock owners to realise their investment. It is the easiest way for an industry buyer to pick up a significant quantity of the whisky that they require for blending or bottling. 

Stock owners are not obligated to accept this bid but by not doing so risk retaining ownership in a low liquidity stock line with reduced attractiveness to potential future industry bidders. 

 

Bulk trade bids

 

* Calculated from initial price to sale price, net of all dealing and storage fees.

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