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Crazy low price what with £11m cash no debt decent cash flow and a give away mrkt value. So here's the 'BUT' its stuck in an awfully cut throat competitive sector which will throw up opportunities to expand on the cheap so to speak.
Am in on a joint on a 6 month view.
WINE now worth £40m after a strong recovery, double VINO's £20m.
The real winner with VINO would appear to be Virgin Enterprises Limited who get an undisclosed royalty based on sales subject to an annual minimum which increases each year with CPI. This right to use the name (which is UK + Ireland only) ceases in 2029. I can't find any references to the %, but I am guessing its somewhere around 3-5% of sales - and presumably on all sales including those introduced by partners and non-consumer sales.
If this is the case, it is staggering that the company listed at the value it did and it would seem that the current valuation is still relatively generous in today's market.
VINO and WINE now have very similar Mkt. Cap. after WINE's plunge. Just hope VINO isn't finding things as difficult as WINE is.
Obvious listed competitor is WINE who appear to be struggling.
Hi BD, it has gone up quite far as you say. the director buys a few days ago is a really good sign. who are the competitors in this space?
It's since risen 34% but no other comments! And, so far, no sign of its major competitor going bust but time will tell.
I bought this week on the grounds that it's valued @ £19m with £5.5m in the bank and no debt. A PE of 4.5 looks cheap and there are less than 56m shares in issue with 61% NIPH. More importantly, if its major competitor should sink under a mountain of debt then VINO must pick up thousands of new customers DYOR
opened a small bit here yesterday rumour major discount supermarket stopping wine deliveries
88p you mean, not 153
The last message was on may 20th 2022 and the price was 153.00p that’s a massive decline!
Any info?
I was a bit miffed when I ordered an introductory case of wines from Virgin Wines a few months ago, they subsequently debited my card for £25 to build up my "wine bank". Told them no thanks and the £25 was refunded immediately, the wines were good but I don't want to be charged month on month for wines that I have not ordered !!
It could be a guess based on the price paid ? low sell high buy ??
Yep I think that’s a correct explanation. Worrying as I assume LSE just get a data download from the Stock Exchange itself. Makes you wonder how share price algorithms and movements are actually calculated!
Mine (Buy) was listed as a sell on this site also !
Might be showing as a sell - that does happen sometimes!
I bought 5000 of these today and yet not showing on listing today? Why not?
Got it . (Thanks SC )
DErampers and shorters . Get in there !
It's an exceptionally basic business, they have zero geographic diversification & are thus completely exposed to the impending cost of living squeeze in the UK.
Where is their competitive moat? What sets them apart from any new entrant undercutting them on price? Do they have brand power to pass on rising input & delivery costs? None, nothing & no would be my answers. Avoid.
I agree jed.
I think there is more to this than meets the eye .
Does seem a very big drop of -22% for an rns which is not bad.
could be in the red today,
Due to the uncertain trading and macro environment, coupled with numerous headwinds in relation to increased cost pressure, the Group now expects revenue and profit for the year ending June 2022 to be slightly below consensus market estimates.
And I have my fingers and toes crossed
Thursday 3 February
Virgin Wines UK PLC Trading Statement