George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
10% reduction in Angels YOY has led to 18% lower revenues for FY24 so far - also due to them not chasing new customers as aggressively. Business model which binds together the whole wine production process inherently isn't the most flexible in times of a change in demand which for some reason has caught them all off guard.
That’s a real shame
"Good news, Investors! Naked Wines is nearing the 2 month mark from its last announcement delaying results". This is nothing short of impressive. But not in a good way. Naturally I expect there is a perfectly boring reason for the silence but still this is by no means a guarantee that there won't be a shock coming - good or bad. One for the brave IMO.
"Good news, investors! Naked Wines is still a bargain right now. My valuation model shows that the intrinsic value for the stock is £0.90, but it is currently trading at UK£0.66 on the share market, meaning that there is still an opportunity to buy now.
Source: https://simplywall.st/stocks/gb/consumer-retailing/aim-wine/naked-wines-shares/news/when-should-you-buy-naked-wines-plc-lonwine
"Today Naked Wines has over 300,000 angels in the U.S., as well as thousands more in the U.K."
"For sparkling winemaker, Penelope Gadd-Coster, who has made wines for Schramsberg, Mumm, and J Vineyards, there are other benefits of working with Naked: “The reason I joined Naked is because I tried to start my own brand, but found that sales, marketing, finance and administration took me into different spaces. Here they let me do what I love best - making sparkling wines.” "
Source:
https://www.forbes.com/sites/lizthach/2023/08/29/naked-winess-unique-business-model--where-consumers-become-angels/
Naked Wines are now offering members 4 x usual bonus (i.e. £40 instead of £10) for recruiting new members. This strikes me as desperation. Why are the accounts delayed? Will this result in the shares being suspended? Time is running out.
I reduced what I hold at the beginning of August just because of the continuing delay in results. I imagine one or two of the major holders are selling this downwards as opposed to activity from the shorts. I'll hold what little I now have on the off chance the delay turns out to be a solution to take the company private through structured MBO.
So th shorts are still here, they own 4% or just under of the company now and still they remain
60 is holding up but for how long? Are they trying to break past this barrier and let the SP collapse completely?
Amazon could be interested or they could wait for WINE to go bust and pick it up on the cheap. Or wait to see how many customers migrate to VINO and then step in. The question is: where will WINE customers go to next? I'm a wine-lover but I wouldn't buy from either of them! My tastes are far too specialised. Greek? Hungarian? Portuguese?
Only thing that is going to save WINE is a take over, but who would want it? -- AMAZON
Beardozer, it looks like you made a good choice based on the way VINO SP is going. I will get out of WINE with a small profit but looking to the future as an Angel, should I stop my subscription before it goes bust as I think it will eventually do? Only time will tell and good luck to everyone who holds on for the long term. Only thing that is going to save WINE is a take over, but who would want it?
I chose to invest in VINO who will benefit hugely if WINE sinks under a mountain of debts/write-offs etc.
Disappointed at the drop in SP as thought the floor had been reached. But decided to top up at 68p which has now brought my average down to 69.7p. Here is hoping it goes up from here.
I suspect there may be more floors to explore below this one yet which is why I am keeping powder dry. Still no idea on when the results are to be announced.
Awaiting news...
Finally the SP has dropped to 70.50p and I have bought. I think and hope the floor has now been reached.
Yes, I hold this and Virgin Wines and quite happy with both. I think the only risk here is a non-cash writedown which impacts any stock based financing they have in place.
Funny how it's so static today when others have jumped on the inflation news.
Floor reached, looks like past the bad times and great profit to be made from here.
Solid business that was affected by macros.
Looking towards xmas period this will ramp up with festive sales.
Both my wife and I are Naked Angels. I left and then recently returned due to the offers they gave me to return. They have also been giving my wife what I would call accelerated offers to persuade her to buy (which she has done). The impression I get is that they are in trouble and this is reflected in the share price. I currently do not hold any shares and am sitting on the fence at the moment, but my opinion for what it is worth (maybe nothing) is that if the SP falls much lower (to around 70p) and they can demonstrate that they have their inventories under control then this could be ripe for a take over and worth a punt.
Bought back in here.
The research report is what you'd expect as a counter argument to any kind of successful recovery. 'Going concern' arguments they mention are incredibly thin. Maybe stock write-off is the 'discussion' being had at worst. If they have not sold the overstock through as anticipated, there's likely pressure coming from auditors. Non-cash in reality.
Revenue is down but also there has been 'right-sizing' in the business and 300m with substantially cut back marketing budget makes it a pretty sustainable business with an opportunity to be more bottom line focussed.
Last time I sold somewhere in the mid 110's. No reason why this does not happen again within 6 months or so.
Typical self serving Guff from a short.
An interesting if not worrying article.
Brevarthan Research out with note. Focus on inventory level and current ratio. https://brevarthanresearch.substack.com/p/naked-wine
It will be a long hard road back, but at least now they are going in the correct direction.
Rowan Gormley as Chair is a significant change and I think a very positive one. Tempted to top up !!
Big fall in sp prior to results day. seems we need to prepare for more grim news.