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The 2/2/24, trough low was breached on 23/2/24, which negated the notion of an intact uptrend. So, I would consider the reverse head and shoulders target unlikely to be met. Also had a look at the fundamentals page, which was not encouraging, so I am removing WINE, from my watchlist. DYOR.
Running away
Secular uptrend from left to right on 3 month chart view. Reverse head and shoulder price formation break upward, above shoulder line of the formation, so sp target is 93. Retail sector, is still technically in a downtrend until the sector can close above 2422. Volume on chart supports the overall bullish view of WINE. There is overhead volume from previous trading in the area of the price target of 93, which would likely impede progress beyond 93.
I understand tipped in IC today too.
Nice recovery here from lows.
If you go on the website, pretty much every wine is now part of a massive sale. The prices they're selling really are ridiculously low. Good for the consumer but looks like a desperate attempt to raise cash to me. Last time I saw wine going this cheap, the company went bust and the wine was never delivered (it was fine wine, so I lost over a grand).
Or will it end the year with another hangover .......
The key this year was to survive and Naked Wine has done that effectively. I am backing this one to be multibagger next year. I topped up this morning in anticipation. GL all.
Thank you for the correction! I score a zero on reading comprehension :(.
I read the beginning of the RNS which says 7.5p shares, but later it states the actual price.
I should get clear some money to put in Naked Wines. I have a very little position, but it looks like there's a lot of room to grow.
No it's definitely from their own pocket - neither the Chairman or NEDs have options. And the announcements include the purchase prices, which are at market
The director buys in the last couple of days felt like the directors were investing in the company, but I have the impression they were exercising options to buy shares at 7.5p, vs the 53p the share is at the moment.
Not a bad thing in itself as directors hold a few % of the shares, but not the same as paying shares from their own pocket at market price.
I was rather hoping for this to be taken private but probably wishful thinking. Probably left money on the table but sold out on Friday.
Negotiating down with suppliers is one thing but since many are small businesses and likely insure credit, I consider that the next risk faced. They don’t have much in the tank if credit insurance limits are reduced.
Can anyone with some experience with this sector please explain what are the plausible courses of action for Naked reducing stock through negotiations. Presumably it is:
Cost per bottle goes up
Contract cancelled and termination fee paid
Loss of exclusivity
I just can't see how reducing purchase orders to reduce stock is positive. I would understand if it was just a case of cancelling contracts with unpopular winemakers
Do they have a strong presence in Germany?
Investmentaktiengesellschaft für langfristige Investoren TGV have increased their holding from 6.07% to 9.69% these past few weeks.
Lots of automatic trades today for blocks of 7,500 units
Certainly looks as though something’s afoot
Decent amount of buys just went through again. Hoping for a hotel chocolat type moment….!
Oldapache, you appear to be somewhat of a clown. Any more brilliant tips?
This is going to get juicy... thanks TGV :)
Bought into this yesterday at 30p good rise today let's hope it continues.
Not surprised its bounced back a bit.
I did think it was looking oversold.
I hope the wine is not as green as understanding.
Being able to use customer subscriptions to purchase inventory is thankfully a redeeming feature of the Naked model and is presumably a key driver in managing margins.
Only a right VINO would do otherwise. ;-)