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:
- Ardmore, Refill bourbon 2016 Q4
- Initial bid: £5.10 per LPA
- Current bid: £5.10 per LPA – an 8.51% premium over the last price (£4.70) at which this line sold on the WhiskyInvestDirect platform
This bulk trade bid was made public on Tuesday 11 May at 12.00pm (UTC).
The buyer is pitching to buy 50,088 LPA (the full stockline). However, this offer is conditional on reaching acceptances to sell for a minimum of 20,000 LPA by 12.00pm (UTC) Tuesday 25 May 2021.
This bid is for the full stockline. 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.
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 firstname.lastname@example.org from the email address registered on your WhiskyInvestDirect account.
Below is a screengrab of the Ardmore, Refill bourbon 2016 Q4 price chart taken on Tuesday 11 May 2021 at 9:00am (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.
You can find a full list of bulk trade bids and trade purchase & withdrawals including returns on the bulk trade bids page.
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