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Brewdog Shares
Comments
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Many years ago I bought some shares of 3M and IBM on Computershare. It wasn't a disaster, but it was a lot less convenient than buying a fund from someone like Vanguard and a lot more volatile. After a couple of years I sold to make my life simpler.
And so we beat on, boats against the current, borne back ceaselessly into the past.1 -
I know only one person who bought Brewdog shares. He fully understood what he was buying into and is very philosophical about the end result: "I liked that they were industry disruptors and I got a few free beers out of it"…
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Interesting to read page one of this thread from 2020, where two of the first three replies expressed caution...
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as with any investment….
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To a certain extent, yes, in that it's hammered home time and again on this forum that buying individual shares is high risk, but there was a Brewdog-specific warning posted there too.
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No, I'm just trying to point out that with regulation the best you can do is provide guard rails. You're effectively calling for a ban on retail investors being involved in speculation and capital raising but I can give you another example of what happens when you do that.
The FCA effectively banned crypto exchanges in Britain, saying that crypto is far too risky and Britons shouldn't invest. Did Britons thank the FCA for protecting them? Nope, they opened accounts with crypto exchanges in weak jurisdictions with weak regulation and supervision in places like Bermuda. Then, in addition to the risks with the coins themselves, they were exposed to the failure of poorly supervised exchanges e.g., FTX and then having to deal with foreign bankruptcy processes. They'd have been far better served by the FCA if they hadn't been forced offshore.2 -
im calling for no such thing. I suggest some kind of limit on this kind of investment, but also said people should be able to invest if they wish. The main point is that companies could exploit a retail investor, and that shouldn’t he allowed on such a scale.
Brewdog wasn’t a speculative investment. Not sure where you are getting these ideas from. No one has suggested any of this.0 -
How can you limit it without banning retail participation?
From the offer document in Brewdog's own words, my bold:
- An investment in the New B Shares described in this Share Offer Document is speculative and should only be undertaken by investors capable of evaluating the potential risks and merits of such an investment and who have sufficient resources to bear any loss that might result from such an investment."
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Easily. I refer to limit as in limit the amount of such shares that can be issued.
As I have already stated, what a document states or doesn’t state in small print, isn’t what was presented as the main terms to the investor, and is unlikely to be taken in. Brewdog told investors they would own part of the brewery.0 -
This is why so many people have poor personal finances. They take it all as "a bit of a punt", rather than having a sensible plan for their financial security. I should have sympathy for Brewdog investors, but I increasingly feel that gulability and stupidity get the rewards they deserve.
And so we beat on, boats against the current, borne back ceaselessly into the past.3
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