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I am still an Angel. I was one of the original angels and had a big break when I started using The Times / Laithwaites and Majestic during the Majestic/WINE period.
TBH the spam emails get tiresome and I am not sure I am getting the quality I used to OR that isn't available in The Wine Society. Laithwaites is good as well.
I like wine a little too much but I am not sure about investing. Virgin Wines is struggling and WINE seems to have many that are not that pleasant about the company (see The Times article this week on them). With a mega recession almost baked in I do wonder if the market will get squeezed - some of the offers I picked up last month were crazy value but doubt they were that profitable.
Watching with interest
I was an "Angel" for several years, but recently cancelled my membership because I felt they were trying to get new customers at the expense of existing. Now looking forward to further downward trends to around 140 before I buy in.
Norfolk-based online wine retailer - Chair Darryl Rawlings buys 74,500 shares at USD1.93 each, worth USD143,785, on US over-the-counter market on Monday.
seller at 155p gone so seller at 160p is the barrier right now, once he is gone this will step to 170p.
Hoping for the some recovery today...
Disagree - people will stop paying pub/****tail bar prices and drink from home - that trend has aready started ;-)
GL SR
I can understand you not wanting to go back to "fiver bottles in Tesco" but how much are you paying for your wines now?
Some Tesco wines are astonishing value for money but you need to spend more than a fiver! In the current climate I can only see Naked Wines and their ilk going bust fairly quickly!
I'm a Naked Wine 'angel' (first time I've ever been called that). Despite being a pensioner, my home fuel bill doubling and petrol up hugely, I'm not cancelling my membership. The 2 main reasons are it's only £20 a month and all that goes towards whatever wines I choose to buy as and when, so it feels more like a sort of savings account, because I can withdraw it at any time. Also, I have noticed the difference in quality, so won't be going back to fiver bottles in Tesco.
I was in this share when it was Majestic and would like to see it do well, as the business model is a bit different and it supports lots of small wine makers.
If you're already holding, I suppose it's a (wine) case of grin and bear it. Today's drop seems overdone after yesterday's but I think this will recover some losses if you can hold on at least a year.
Struggling to break 155 .. hold above 150 is good enough
Massively overdone. Time for a bounce
In auction, can't sell or buy
bodes well for Monday ...
"A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body."
PUMP over the weekend ;-)
Time to buy as lot who sold high will be buying at this price… lot stop losses got knocked
didnt think I would have to top up at 134p - hey ho, there you go ...
GLA SR
all going as suspected.Monday morning's the time.
I suspect DD cancellations will be hitting them hard while people revert to the £5 supermarket wine in belt tightening.
Having regretfully taken a very small punt in this yesterday, as I though this would rebound some today, I think potential bidders are much cleverer than us, and will wait until this is much further in the doldrums.
Evidently there is zero appetite for these shares at the moment.
Looks like the "going concern" question is weighing heavily on this.
Must be a take over target now with the price being so low.
Could see a US fund snap them up and start building ready for the coming bull market.
I'm going to need a glass of wine if this keeps slipping!
This situation may be completely different but I'm somehow reminded of Conviviality. There are always some willing to risk catching a falling knife and, remarkably, they always seem to manage to get out just in the nick of time!
With potential travel disruption that will mean more home drinks over summer. Which means more revenue from naked customers.
Also naked customers will be stocking up cheap wine before inflation kicks in more
Could turn blue by the end of the day
Just had a buys of the following go through, big buyers are now here
£250k
£150k
I couldn't understand why it was priced so high before and I still don't understand how it can be viewed as cheap here. On what metric?
A target (which they may well fail to meet) of breaking even on adjusted EBITA isn't very inspiring.
And a going concern statement that warns of the possibility of breaking covenants as soon as this month and includes "this material uncertainty may cast significant doubt on the Group's ability to continue as a going concern and therefore to realise its assets and discharge its liabilities in the normal course of business."
I may be wrong but I think there's a strong possibility of tapping shareholders for funding in the near future. That means discounted shares. That means dilution. Bang go your EPS forecasts (if there were any 'E' in EPS).