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Pendock Uncorked

South Africa's leading independent drinks commentator…
 

Ducks quack at Distell

Posted: April 7th, 2011 | By Neil Pendock


SA wine observers will be hoping that the feeding frenzy of Distell directors unloading shares on the JSE says nothing about the company’s fortunes or the state of SA drinks retail. But the last week has seen a whole shed full of shares dumped on the market by board members. Some trades:

A happy Distell director

A happy Distell director

5 April CJ Cronje R1.1 million
4 April NT Moodley R2.2 million
1 April NT Moodley R2 million
31 March MR Searle R3.3 million
30 March MR Searle R320 thousand
30 March W Buhrmann R360 thousand

Nearly R10 million worth of stock – that’s one heck of a lot of Obikwa.

  
 
 

Comments

 

Mr Chow

April 7, 2011 at 5:38 pm

You doing this to me again, showing picture of ducking duck, ready for roasting with plum sauce, juicy deal for directors. Ha so but, wait, why Martin Scorsese not director of Distell?

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  • About

    Called "South Africa's most influential wine writer" by DrinksBiz (NZ), a "wijngoeroe" and "beminnelijk maar snoeihard" by De Telegraaf, a "Master of SA Writing" by Ernst Gouws and voted “most trusted palate” by readers of WINE magazine, Neil Pendock is South Africa’s leading Indie drinks commentator.

    An "enthusiastic amateur", he owns a small farm on the Paardeberg which used to supply a few grapes to Swartland Winery, a producer he never wrote about. After two decades in the spittoon, he retains a healthy disregard for the anoraks, bowties and Emperors of drink and their new clothes.