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Virgin Wines UK – argues earnings “ahead of market expectations”, but how impressive is that?

By Steve Moore | Thursday 25 July 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Online wine retailer Virgin Wines UK (VINO) has issued a trading update including full-year “profit/(Loss) before tax expected to be £1.95m (FY23: Loss £430k). The balance sheet remains strong with net cash at the end of the period significantly higher at £10.2m” and that it “remain confident for the future”. What of a share price currently up to 45p in response, but still down from above 70p early last year?
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