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Average Returns Disclosure

Past performance is not indicative of future results. The data represents the performance of 45 clients who sold a total of 107 casks in 2023. The average net annualised return of 10.15% is calculated based on individual client profits and holding periods and may not be representative of the experience of all clients. Investment in casks is subject to market risks and there is no guarantee of returns. Investors are advised to consider their individual financial circumstances and consult with a financial advisor before making investment decisions.
 

Explanation of Average Return Calculation

The average net annualised return is calculated using the following method:

1. Net Annualised Return for Each Client: For each client, the net annualised return is calculated by taking the client’s profit (Client Profit), dividing it by the initial purchase price (Initial Purchase Price), and then annualising this return based on the total hold period in days (Total Hold Period Days). The formula used is:

Net Annualised Return (%) = (Client Profit / Initial Purchase Price) × (365 / Total Hold Period Days) × 100

2. Average Net Annualised Return: The average net annualised return of 10.15% is then calculated by averaging the net annualised returns of all 107 casks from the 45 clients who sold casks in 2023.

Supporting Evidence

Client Name Distillery Client Buyback Date Client Buyback Price Intial Purchase Price Client Profit Total Hold Period Days Total ROI Net Annualised Return %
Paul T Glenburgie 30/01/2023 £3,742.88 £3,403.76 £339.12 547 9.96% 6.65
George E Caol Ila 03/02/2023 £9,251.20 £7,251.10 £2,000.10 1313 27.58% 7.67
Thomas G Linkwood 07/02/2023 £4,972.11 £4,077.97 £894.14 1042 21.93% 7.68
Thomas G Glenrothes 07/02/2023 £6,313.12 £5,176.16 £1,136.96 1042 21.97% 7.69
David H Tullibardine 09/02/2023 £1,420.32 £1,293.60 £126.72 738 9.80% 4.84
David H Ben Nevis 09/02/2023 £4,949.14 £4,508.00 £441.14 738 9.79% 4.84
David H Annandale 09/02/2023 £4,382.54 £3,994.06 £388.48 738 9.73% 4.81
Perminderjit S Caol Ila 09/02/2023 £4,885.84 £4,364.60 £521.24 557 11.94% 7.83
Robert W Caol Ila 17/02/2023 £6,055.36 £4,410.40 £1,644.96 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,380.48 £4,647.20 £1,733.28 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,685.28 £4,869.20 £1,816.08 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,746.24 £4,913.60 £1,832.64 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,766.56 £4,928.40 £1,838.16 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,827.52 £4,972.80 £1,854.72 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,888.48 £5,017.20 £1,871.28 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,908.80 £5,032.00 £1,876.80 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,949.44 £5,061.60 £1,887.84 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,949.44 £5,061.60 £1,887.84 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £6,990.08 £5,091.20 £1,898.88 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £7,030.72 £5,120.80 £1,909.92 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £7,030.72 £5,120.80 £1,909.92 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £7,051.04 £5,135.60 £1,915.44 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £7,112.00 £5,180.00 £1,932.00 687 37.30% 19.82
Robert W Caol Ila 17/02/2023 £7,355.84 £5,357.60 £1,998.24 687 37.30% 19.82
Robert W Annandale 17/02/2023 £5,505.49 £3,994.06 £1,511.43 808 37.84% 17.09
Robert W Annandale 17/02/2023 £5,505.49 £3,994.06 £1,511.43 808 37.84% 17.09
George A Bruichladdich 23/02/2023 £67,002.16 £57,481.44 £9,520.72 752 16.56% 8.04
Edward R Craigellachie 24/02/2023 £3,901.79 £3,190.84 £710.95 1029 22.28% 7.90
Edward R Ardmore 24/02/2023 £5,736.72 £4,683.84 £1,052.88 1029 22.48% 7.97
Edward R Caol Ila 24/02/2023 £9,479.66 £7,740.10 £1,739.56 1029 22.47% 7.97
Edward R BenRiach 24/02/2023 £4,599.84 £3,756.48 £843.36 1029 22.45% 7.96
Alan K Craigellachie 06/03/2023 £5,964.68 £4,525.98 £1,438.70 1374 31.79% 8.44
Alan K Royal Brackla 06/03/2023 £3,959.56 £3,030.30 £929.26 1374 30.67% 8.15
Alan K Dalmore 06/03/2023 £9,473.07 £6,980.96 £2,492.11 1344 35.70% 9.69
Alan K Dalmore 06/03/2023 £9,682.32 £7,089.36 £2,592.96 1313 36.58% 10.17
Roger W Ardmore 06/03/2023 £5,874.00 £4,699.20 £1,174.80 916 25.00% 9.96
Roger W BenRiach 06/03/2023 £3,210.80 £2,568.64 £642.16 916 25.00% 9.96
Charles H Linkwood 07/03/2023 £7,210.20 £5,987.15 £1,223.05 1009 20.43% 7.39
Charles H Glenglassaugh 07/03/2023 £3,309.94 £2,745.48 £564.46 1009 20.56% 7.44
Peter B Tullibardine 20/03/2023 £1,798.00 £1,450.00 £348.00 1480 24.00% 5.92
Peter B Glenallachie 20/03/2023 £2,040.85 £1,646.40 £394.45 1480 23.96% 5.91
Peter B Glenrothes 20/03/2023 £5,030.34 £4,056.84 £973.50 1480 24.00% 5.92
Perminderjit S Linkwood 28/03/2023 £4,520.74 £4,074.84 £445.90 604 10.94% 6.61
Marc B Caol Ila 04/04/2023 £17,446.36 £14,349.56 £3,096.80 1007 21.58% 7.82
Joe B Tullibardine 05/04/2023 £2,497.74 £2,311.54 £186.20 339 8.06% 8.67
Joe B Tullibardine 05/04/2023 £2,497.74 £2,311.54 £186.20 339 8.06% 8.67
Joe B Tullibardine 05/04/2023 £2,497.74 £2,311.54 £186.20 339 8.06% 8.67
David M Glen Garioch 06/04/2023 £3,964.06 £3,238.32 £725.74 1039 22.41% 7.87
Puneet S Ardmore 12/04/2023 £5,072.65 £4,134.02 £938.63 1045 22.71% 7.93
Puneet S BenRiach 12/04/2023 £4,678.52 £3,812.38 £866.14 1045 22.72% 7.94
Sam O Linkwood 20/04/2023 £4,938.12 £3,799.29 £1,138.83 1084 29.97% 10.09
Martyn B Annandale 12/05/2023 £2,742.44 £2,249.76 £492.68 1014 21.90% 7.88
Robert W Glenlivet 25/05/2023 £55,290.20 £35,910.16 £19,380.04 1027 53.97% 19.18
Roy W Caol Ila 30/05/2023 £6,051.50 £5,180.00 £871.50 789 16.82% 7.78
Gherardo V Dalmore 31/05/2023 £170,002.20 £138,000.00 £32,002.20 1002 23.19% 8.45
Thomas G Ardmore 12/06/2023 £8,294.53 £6,618.15 £1,676.38 1167 25.33% 7.92
Thomas G Ledaig 12/06/2023 £11,731.56 £9,360.54 £2,371.02 1167 25.33% 7.92
Jack R Jura 16/06/2023 £10,147.30 £7,435.40 £2,711.90 1354 36.47% 9.83
Jack R Auchentoshan 16/06/2023 £7,275.90 £5,330.13 £1,945.77 1354 36.51% 9.84
Jack R Dalmore 16/06/2023 £13,627.83 £9,985.50 £3,642.33 1354 36.48% 9.83
Kyle P BenRiach 20/06/2023 £3,345.30 £2,605.44 £739.86 1053 28.40% 9.84
Dennis M Jura 23/06/2023 £9,703.26 £7,530.32 £2,172.94 1391 28.86% 7.57
Dennis M Auchentoshan 23/06/2023 £7,331.94 £5,689.97 £1,641.97 1391 28.86% 7.57
Dennis M Glenallachie 23/06/2023 £2,213.28 £1,717.20 £496.08 1391 28.89% 7.58
Puneet S Caol Ila 04/07/2023 £14,162.05 £12,040.00 £2,122.05 824 17.63% 7.81
Marc C Royal Brackla 11/07/2023 £4,962.50 £3,695.00 £1,267.50 1566 34.30% 8.00
Victor B Caol Ila 12/07/2023 £14,520.00 £13,200.00 £1,320.00 741 10.00% 4.93
Victor B Caol Ila 12/07/2023 £13,376.00 £12,160.00 £1,216.00 741 10.00% 4.93
Paul H Ardbeg 14/07/2023 £103,578.02 £59,400.46 £44,177.56 1474 74.37% 18.42
Marc C Glenallachie 26/07/2023 £2,231.70 £1,660.80 £570.90 1581 34.38% 7.94
George E Ledaig 14/08/2023 £11,938.08 £9,045.12 £2,892.96 1778 31.98% 6.57
Craig B Bruichladdich 24/08/2023 £21,800.76 £18,167.30 £3,633.46 1057 20.00% 6.91
Arend V Dalmore 08/09/2023 £166,290.00 £144,600.00 £21,690.00 1072 15.00% 5.11
Sarah M BenRiach 21/09/2023 £4,273.75 £3,503.50 £770.25 1054 21.99% 7.61
Mark R Caol Ila 21/09/2023 £5,604.66 £4,750.80 £853.86 903 17.97% 7.26
Paul W Caol Ila 21/09/2023 £9,692.76 £7,613.76 £2,079.00 1268 27.31% 7.86
Paul W Glenrothes 21/09/2023 £8,724.90 £6,851.65 £1,873.25 1268 27.34% 7.87
Jamie A Caol Ila 26/09/2023 £5,413.68 £4,573.20 £840.48 878 18.38% 7.64
Arthur B Ben Nevis 26/09/2023 £8,299.80 £6,824.28 £1,475.52 998 21.62% 7.91
Richard W Glen Garioch 06/10/2023 £4,242.42 £3,201.24 £1,041.18 1222 32.52% 9.71
Wayne W Glenlossie 24/10/2023 £5,809.86 £5,281.96 £527.90 661 9.99% 5.52
Ben Q Glen Garioch 01/11/2023 £4,316.16 £3,302.40 £1,013.76 1400 30.70% 8.00
Ben Q Glen Garioch 01/11/2023 £4,349.88 £3,328.20 £1,021.68 1400 30.70% 8.00
Ben Q Fettercairn 01/11/2023 £4,732.80 £3,584.96 £1,147.84 1461 32.02% 8.00
Jack R Benriach 01/11/2023 £5,316.96 £3,891.80 £1,425.16 1369 36.62% 9.76
Ian W Jura 01/11/2023 £10,985.41 £7,846.72 £3,138.69 1522 40.00% 9.59
Ian W Tullibardine 01/11/2023 £2,990.87 £2,111.20 £879.67 1584 41.67% 9.60
Ian W Teaninich 01/11/2023 £2,983.16 £2,105.76 £877.40 1584 41.67% 9.60
Ian W Dalmore 01/11/2023 £15,291.36 £10,332.00 £4,959.36 1522 48.00% 11.51
Emmanuel I Ardmore 03/11/2023 £5,310.50 £4,085.00 £1,225.50 1220 30.00% 8.98
Sarah M Glentauchers 13/11/2023 £4,708.70 £3,622.08 £1,086.62 1107 30.00% 9.89
Phil B Caol Ila 15/11/2023 £11,036.91 £7,807.08 £3,229.83 1932 41.37% 7.82
Filipe T Dalmore 20/11/2023 £25,539.20 £20,820.00 £4,719.20 1084 22.67% 7.63
Ferdinando S Annandale 24/11/2023 £3,027.60 £2,496.90 £530.70 998 21.25% 7.77
Jack R Glenrothes 30/11/2023 £8,840.32 £6,870.15 £1,970.17 1338 28.68% 7.82
Geoffrey C Glenallachie 08/12/2023 £4,669.80 £3,764.80 £905.00 1193 24.04% 7.35
Geoffrey C Glenallachie 08/12/2023 £4,760.10 £3,837.60 £922.50 1193 24.04% 7.35
Brian J Glenfarclas 11/12/2023 £7,628.82 £5,423.28 £2,205.54 1897 40.67% 7.82
Brian J Miltonduff 11/12/2023 £10,945.13 £7,816.97 £3,128.16 1866 40.02% 7.83
Paul W Glen Garioch 20/12/2023 £6,378.53 £4,470.93 £1,907.60 2028 42.67% 7.68
Paul W Glen Moray 20/12/2023 £8,038.37 £5,582.20 £2,456.17 2028 44.00% 7.92
Paul W Auchentoshan 20/12/2023 £8,981.50 £6,325.00 £2,656.50 1358 42.00% 11.29
Sarah M Royal Brackla 20/12/2023 £4,303.29 £3,451.84 £851.45 1144 24.67% 7.87
Michael S Benriach 06/12/2023 £3,013.92 £2,318.40 £695.52 1283 30.00% 8.53
Ignatius G Glenallachie 07/12/2023 £4,922.54 £3,692.00 £1,230.54 1254 33.33% 9.70
Ignatius G Glenallachie 07/12/2023 £4,880.94 £3,660.80 £1,220.14 1254 33.33% 9.70
Ignatius G Glenallachie 07/12/2023 £5,324.67 £3,993.60 £1,331.07 1254 33.33% 9.70
Average = 10.15%