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The City: Good news from Blavod
When Blavod Extreme Spirits was listed on the Alternative Investment Market in early 2004, following the merger of UK-based Blavod with Extreme Beverage of the US, the shares stood at 38p. Since then, investors may have needed a strong shot of black vodka as they watched their shares slump to 16.5p in midsummer. But, as with many a young, rapidly expanding company, the market for the shares had become less buoyant once the initial launch story was played out and the nitty-gritty of running the company meant that the flow of news slowed. In the past few weeks that process has been reversed as Blavod unveiled joint-venture expansion plans, a marketing drive and US sponsorship, and results showing it is making positive inroads in its chosen markets. ...
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