Naked Wines Share Discussion Threads

[the diddymen] 05/12/2018 22:56

I'm going to carry on drinking wine for the mo!

[seagreen] 04/12/2018 19:42

TG some of the quality of MW is excellent although a few of the sub ten quid clarets can be very thin and poor, but then even half decent claret is expensive nowadays. If you find a helper who knows the wines and explain what you like they usually have one or two corkers from Argentina and Spain. Red burgundy is prohibitive I so you have to go beaujolais but once you get to circa 13 quid the stuff used to be to die for... have not been for a while. It's one he'll of a competitive market place. The trick is to watch the supermarkets when they discount good brand names to shift the stocks as they can not stay out in the bright lights too long as it increases oxidisation and hence ageing so as some of the punters don't know the good brand names or buy them you suddenly get a right bargain. I suspect like all stocks it got to high and will be shorted too low ...might have to get the slide rule out ayeee

[the diddymen] 03/12/2018 16:42

6.8% down on the day.

[the diddymen] 03/12/2018 16:16

Looks like people are taking your advice seagreen and having another glass! Off another 4% at the moment. It does not surprise me. Like you I was impressed with the thought that has gone into the selling, I was just underwhelmed by the quality. The value of the business appears to be in Naked Wines.

TD

[seagreen] 03/12/2018 14:29

If you want to drink wine in the £5 to £7 space then the supermarkets are very hard to compete with and one cheap new world wine tastes like another they are uniform and very drinkable.

If you want to drink less but better quality then Majestic particularly with the excellent staff I have found to be a great experience, sadly with the exchange rate you need to push past the £10 level to drink a decent Claret and more if you like Burgundy ... What they are also good at is finding small parcels of wine

If you want to go higher then J&B and Berry Brothers are pretty awesome

At some stage these shares will be worth buying in the mean time I shall buy wine

[the diddymen] 26/11/2018 10:57

Shanklin

I did not specifically go in and try and find a comparable price in a supermarket. On just about every bottle I was underwhelmed by the value for money - underwhelmed in comparison to the value for money elsewhere in the market. I agree with your example. The problem for WINE is that the experience in the store is good, I was impressed. Not so on the drinking, and that is what will define the business.

TD

[shanklin] 26/11/2018 08:10

LOL, if MJW with discounts and the £10 voucher charge an average of £7.00/bottle for a particular wine that I can buy at £5.50 in a supermarket then I view that as expensive.

[the diddymen] 25/11/2018 21:10

Not surprised by the update and the market's response. At the start of the year I decided to use one of the vouchers and needless to say I spent more than I had intended. It gave me a good view of their offering but after a month of trying the wine I worked out that the problem is that it is expensive. The service was good and well thought through. Where we live I can get better advice from an independent, but in other areas I suspect that the supermarkets will be highly competitive. It looks like a tale of two businesses, albeit with international spread. Naked Wines looks very interesting, but in the longer run it begs the question of how they will protect the business from 'me toos'. The core wine trade will always be difficult and susceptible to interest rates/housing etc.

A bit over valued in my opinion.

TD

[gutterhead] 22/11/2018 21:02

Agree they’re not expensive st all

[buoycat] 22/11/2018 20:39

I don't see how you can find majestic prices uncompetitive. They have an enormous range of wines at all price points.

[zcaprd7] 22/11/2018 09:34

I'd happily give up the last 2 years of my life, for drinking during the rest?

[shanklin] 22/11/2018 09:24

I should have added that I have always found Majestic's service to be excellent which is why, if their prices were reasonably competitive, I would switch my wine buying to them. Even with the £10 vouchers, which I seem to receive by post every month, I can buy cheaper elsewhere.

[gswredland] 22/11/2018 08:38

Yes agreed Shanklin

[shanklin] 22/11/2018 08:33

I receive lots of promotional material from WINE, some by email and loads by post. I would be happy to buy their products if they were not over-priced.

IMHO, it would be much better for them to radically cut the mail posting and try selling wine at prices that get a lot closer to their competitors.

[tsmith2] 22/11/2018 08:28

doesn't make for good reading at all

[buoycat] 22/11/2018 08:25

I hope you were shorting!

[gutterhead] 21/11/2018 16:49

traded this numerous times and gone in again today

[ariane] 02/11/2018 10:37

Duty increase a “hammer blow to the British wine industry,” says trade body
Posted on 2 Nov 2018 by The Manufacturer

The commerce organisation representing Britain’s wine and spirits industry has expressed dismay at the rise in the duty level on wines in this week’s Budget.
Wine Cider Spirits Food Drink - Stock
The duty rise would put further risks on an industry that already contributes almost £10bn to the UK economy.

The British Wine and Spirit Trade Association’s (WSTA) director, Miles Beale, has called the decision to increase the wine duty rates “grossly unfair, unjustified and counterproductive221; and a “hammer blow to the wine trade.”

Last year, the tax raised £4.7bn for the Treasury, more than any other alcoholic duty. The WSTA claims the duty rise would be bad for business that would disproportionately affect small businesses and importers.

In a statement, Miles Beale, the association’s chief executive, said that the Chancellor’s announced rise will “clobber wine importing businesses, including thousands of SMEs; stifle growth of our flourishing English wine industry and; raise prices for consumers.”

“The failure to rebalance this unfair tax burden on the wine industry will stifle business’s ability to invest and grow and damage the sector which last year brought in almost £19bn in economic activity.”

He added that Brexit and the increase in inflation are already causing difficulties for the wine industry, due to the weakened pound increasing the cost of wine imports. The wine sector is highly reliant on imports; 99% of wine consumed in Britain comes from abroad, according to the WSTA.

Though condemnatory of the wine duty increase, Beale praised the freeze in spirits duty, saying, “it will give UK spirit producers the confidence to continue to expand their export markets and seek to take advantage of future trading opportunities.”;

Duty on a 750ml bottle of wine will go up by seven pence to £2.23, while duty on 750ml bottles of sparkling wine and fortified wine will go up by nine pence, to £2.86 and £2.98 respectively.

Miles Beale was recently interviewed by The Manufacturer’s Editorial Director, Nick Peters. He addressed the multiple concerns Brexit is causing the wine and spirits industry, and highlighted recruitment in particular.

“If you’re an English vineyard, you absolutely need seasonal workers,” said Miles. “A couple of our members have tried to use UK-based workers and they just aren’t good at picking fruit, and there is no one left from the previous generations who used to do it.

“We therefore use fruit pickers who come over from mainly Eastern Europe, picking different fruits at different times across the rest of the EU.”

He said a workable transition agreement would help address the matter in the short term while a visa scheme for seasonal workers would solve labour issues in the medium term.

The government have announced a pilot visa scheme that will allow up to 2,500 workers a year to work on British farms. The initiative is set to commence in spring 2019; but the National Farmers’ Union believes this will lead to labour shortages.

The WSTA says the British wine industry is experiencing an immense boost in production and sales as a result of a bumper harvest. Recent data from HMRC found that 3.9 million bottles of English and Welsh wine were released onto the market last year – a 64% increase on 2016.

Miles Beale had described 2018 as a “fantastic year for British vineyards”. Speaking to The Manufacturer, he noted that English wine growers were “ecstatic thanks to a very good spring with a nice amount of water, followed by a fantastic summer, [the] perfect for growing the grapes.”

He added: “In each of the past two years there have been over a million vines planted, possibly 1.5 million in the last year, which means that the highpoint of 6.3 million bottles of 2014 looks almost certain to be beaten this year.”

Reporting by Harry Wise

[waldron] 16/10/2018 17:23

London to Bordeaux by rail moves a step closer
16 Oct 2018 by Alex McWhirter

Travelling to Bordeaux by train in under five hours from London could become a reality in the not-too-distant future.

Railway Gazette reports that railway officials met recently in Bordeaux to consider how this could be achieved. Eurostar did not attend.

One of attendees was from Getlink (the former Eurotunnel) which wants to encourage more rail business for the Tunnel. To this end it wants a competitor to the incumbent Eurostar.

Others were HS1, SNCF Reseau and Lisea (who are responsible for London-Bordeaux tracks).

A Bordeaux-London rail link would be open to any company, not just Eurostar.

ALLRAIL, an alliance of new rail entrants, said, “We hope that a new operator will be able to offer the service as well. But we are finding it is not so easy for them.”

What ALLRAIL means, and what we have said many times before in Business Traveller, is that only special and expensive trainsets are allowed to operate through the Tunnel (as Germany’s DB found to its cost). And the latter are all owned and operated by Eurostar.

The officials discussed having a new terminal at Bordeaux Saint Jean (the city’s main station) for the London-bound trains.

This is essential to avoid passengers having to detrain at Lille for immigration and security checks. UK Border and the Channel Tunnel authority insist that all passengers are pre-cleared before the train enters the Tunnel. (Pre-clearance is already carried out at Eurostar stations in the UK).

It’s reckoned there are now over one million air passengers a year between London and Bordeaux. A direct train which would bypass Paris is expected to capture 20 per cent of this market.

Travel between the two cities has grown in recent years. An estimated one in four UK expats now reside in the Bordeaux region.

It is already possible to travel London-Bordeaux by rail using Eurostar and SNCF’s TGVs.

But travellers must either change in Lille or Paris. It’s a simpler (Europe-Flandres) change in Lille. More connections go via Paris but it’s an awkward Nord-Montparnasse transfer.

Eurostar has demonstrated the feasibility of a London-Amsterdam journey taking four hours. So London-Bordeaux in less than five should also appeal.

eurotunnel.com

highspeed1.co.uk

lisea.fr

sncf-reseau.fr
Tags: Bordeaux, Eurostar, London-Bordeaux

[maxk] 09/10/2018 09:58

4 mentions of brexit, all with a negative slant, and they don't even sell that much to the €urobods.

[bionicdog] 09/10/2018 09:47

The trouble is that the cheapest bottle of Chapel Down is £24 quid and you can get Aldi's award winning Monsigny Champagne for £12. All this stuff about Wetherspoons selling cheaper British wine is nonsense.