Naked Wines Share Discussion Threads

[jqb1] 24/6/2022 15:26

Looks like he won't have to wait long.

[babbler] 24/6/2022 14:10

he buys some ?

[jqb1] 24/6/2022 14:02

What happens then?

[buywell3] 23/6/2022 21:08

Inventory rise of circa 70M is worrying as it means wines have not been sold
such wines have a limited shelf life

Likewise

"When taking into account actual trading results to date which are below forecast, a downside scenario of 3.7% against forecast would result in a breach of this covenant at June 2022 and as a result of the sensitivity in the downside scenario, management have identified a material uncertainty on meeting this covenant."

This is going to be of concern imo

[zxie] 23/6/2022 15:04

INSP shares jump soon

[lindowcross] 23/6/2022 13:33

Turnover is vanity, profit is sanity. Be warned - (as posted one year ago)

[kemche] 23/6/2022 12:48

Shareholders telling them that all that marketing spend has to stop. But I suspect the BOD are not for listening.

[jqb1] 23/6/2022 12:36

You are spot on, the current forecasts could easily be missed!

[dr biotech] 23/6/2022 12:27

I am a customer of this lot too, get a few cases a year from them and can’t knock them - better than Virgin (decent enough) or Laithwaites where I had a bad customer experience.

But to try and run a £350m turnover company at near breakeven seems madness. Hope they recover.

[arlington chetwynd talbott] 23/6/2022 12:00

This is brutal. From a customer experience point of view, this is a terrific company. I was keen to invest on that basis, but I guess that the balance of risk and reward is now unclear, even down here.

[bulltradept] 23/6/2022 11:58

Shorters dream atm.

[typo56] 23/6/2022 11:29

In the "Going concern" statement they say:-

"When taking into account actual trading results to date which are below forecast, a downside scenario of 3.7% against forecast would result in a breach of this covenant at June 2022 and as a result of the sensitivity in the downside scenario, management have identified a material uncertainty on meeting this covenant."

Does that mean a covenant breach RNS is imminent?

[napoleon 14th] 23/6/2022 11:25

As a member I noticed the big increase in marketing emails/offers, so I guess
they want/need to sell stock urgently.
Had just £540 in my Naked Wine account. Withdrawn it.
Will report on how that goes - it's supposed to be secure and returned in days.

I had some shares 2 years ago & cleared out more or less quits.

[typo56] 23/6/2022 10:33

Read the "Going concern" statement. It looks a bit ominous. They're paving the way for breaching covenants. It ends with...

"On this basis the Board believes it is appropriate to prepare the financial statements on a going concern basis. However, 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."

[gutterhead] 23/6/2022 10:27

but I think you need to look at stock as well as cash-aimo
-- Closing cash balance of GBP40 million (FY21: GBP85 million), and increased inventory assets of GBP142 million (FY21: GBP76 million)

[tomboyb] 23/6/2022 10:06

Cash at 28 March 2022 totalled GBP39.8 million compared to GBP85.1 million at the end of FY21 -

[gutterhead] 23/6/2022 09:13

all that revenue and growth but no/little profit

punishment being given and rightly so

does look like value at these levels...

I've bought as a fast recovery play and set sale order at 249p. Lets see 😀

[buywell3] 23/6/2022 08:59

buywell3 3 Dec '21 - 20:39 - 258 of 260 Edit

Present chart set up looks a tad familiar methinks to what has gone before

425p support could be retested imo

dyor



buywell3 8 Apr '22 - 08:23 - 259 of 260 Edit

425p tested and failed

[buywell3] 23/6/2022 08:58

buywell3 3 Dec '21 - 20:39 - 258 of 260 Edit

Present chart set up looks a tad familiar methinks to what has gone before

425p support could be retested imo

dyor



buywell3 8 Apr '22 - 08:23 - 259 of 260 Edit

425p tested and failed

[jqb1] 23/6/2022 08:42

Sorry, good wine.

[jqb1] 23/6/2022 08:42

Not a problem, wine keeps for ages lol

[robertball] 23/6/2022 08:37

Stock levels up massively