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A healthy bounce back this afternoon. Was 530p a few hours ago but now 575p and rising.
@Krusty - I buy from Naked as well as Virgin, and I have been pleasantly surprised by what Naked have to offer.
One of the things I like about Naked is their App - it allows you to rate the wine you have recently bought, rather than trying to give it a rating a couple of days later when you can't really recall how it tasted. Maybe a gimmick to some, but for me it helps me to choose similar wines on my next order.
The difference between this & the wine society is that Naked support new winemakers in getting started, rather than only buying wine from existing suppliers. The purpose of signing up as an 'Angel' and subscribing £25 per month is to support their strategy of enabling new producers to start up or expand, the £25 goes onto your account as credit and then when you want to buy something you just use the cash in your account. If you want the cash back then you get a refund, so it's not as if they are taking a direct debit from you...
I think their business model is very good, however what I don't like about them is their comms style. I agree about a lack of transparency in their marketing practices, if they changed tack to focus on supporting the wine industry instead of how cheap your first 6 bottles of wine are then I think they would do a lot better with retention. Less new customer spend and higher retention of the ones that do sign up, but a slower growth rate.
Bottom line is that the repeat customer cohort is very profitable, standstill EBITDA is £37m per annum and they have a very solid balance sheet. I'll listen in to the call at 2pm, my gut feeling is this will go lower in the next 6 months / until they show incremental growth on top of the pandemic numbers.
You can't open a letter these days without a flyer from Naked Wines dropping out. It's the usual "discount" off the first delivery followed by monthly payments for who knows what? I want to know what I'm paying for, so I avoid duff vintages of wines I won't enjoy. There's just not enough transparency for me, personally, in their model. As I say, others may see it differently. Why would you buy from Naked as opposed to, say, The Wine Society? Or Majestic even, accepting their joint history?
What’s lousy about the business model?
Lousy business model, gimmicky approach to customers and now nowhere left to hide. Even American wine buyers can't be taken in indefinitely. All IMHO of course, others may see it differently.
Disruptive business model ! Hilarious who are they trying to kid ??
Lots of stop losses will be triggered today
The SP dropped so badly...
Spectacular growth and great future- is it priced in? The market will tell us later.
Is there a full year results announcement this Friday 11th June ? It doesn't say here but it says on the Naked wine official website.
We will find out more with year end trading update due this Thursday 15th April. Particularly interested to hear about US growth and market share.
bit quiet here?
And with Uber paying a fortune for a competitor -we are surely due a re rate or take over perhaps.
bit of a dip being seen at many shares ,might be people derisking with shares with lockdown
also gold prices moving up
Stateside is where all the action is!
Orders from the welsh must be pushing up the SP!
Great vote of confidence with half a million pounds purchase this afternoon, ensured we finished blue.
Great resuts and momentum for the future, esp. the US.
With an 80% increase in Revenue it was a real shame to still report a loss for the period.
I hope they remember that shareholders and the city like to see profits. It's not all about looking after the directors, customers and suppliers.
Still a long term holder.
Seems to have been a lot of volume lately but the share has arguably not gone far considering the volume. I have resistance around 485 and I think I'll wait for a confirmed break of that before buying back in again. Buying wine can be quite addictive. I myself like to see a full wine rack. Was thinking of purchasing a mixed case from either naked or Majastic to sample the product. Anyone any recommendations? Drank Eye Of The Partridge all day at my wedding after sampling, I don't how many, bottles of fizz before choosing that and Piper Heidsieck. Some of, them, expensive well know brands, were disgusting, didn't even drink the full bottle - take on. As well as Oeil De Perdrix, also tried a few Proseccos from Majestic that were good.
Hi
Is there any news on a dividend? Given the good results of last months, I think a dividend would be nice.
hoping most of sellers now cleared
some more buys showing again after the earlier sells
had hoped for blue here today
at least ncyt moving up again ,as it looking like people returning to covid shares again and sales update expected this week there
hoping wine might see a good blue week
and even a blue finish today
They're not listed (I think) but the two obvious players in the market are Laithwaites and Sunday Times Wine Club - both the same thing. I used to subscribe to their 3 monthly plans and although I've found some wines I liked and one wine particularly that cannot be beat and I buy time and time again over anything else, a lot of the wines are overpriced and mediocre in my opinion - although I am no means a wine buff. I have used Majestic myself, I ordered some pink champagne off of them which was devine, but when I look at the website their wine looks too expensive to me. I'm actually loving white wine at the moment but really, forgetting sweet wines, it all taste the same to me. I'll pick up something sub £5 in the supermarket and I'm normally happy with - and that's what they're up against. Red wine? I'm not so sure.