From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Shares in Conviviality (CVR) are up by over 10% to nearly 200p today, although they are still somewhat lower than when I covered the company in May. The final results published this morning suggest that investors should continue to be very cautious about making an investment here
The expanding alcohol retailer and wholesaler Conviviality (CVR) provided the market with a double-barrelled update on Friday, announcing the completion of an acquisition and a trading update. It’s been non-stop growth and change at CVR in recent times. This leaves investors with plenty to think about as they sip on their discount booze.
Conviviality has been on the technical radar before, but simply did not make the grade as this is clearly a relatively illiquid situation.
AIM-listed Conviviality Retail (CVR), the UK's largest franchised off-licence chain, which includes the brands ‘Bargain Booze’, ‘Select Convenience’, ‘Thorougoods’ and recently-acquired ‘Wine Rack’ has updated that for the 26 weeks ended 27th October it “has traded well… and continues to perform in line with market expectations for 52 weeks to 27 April 2014”. The following reviews the trading update and those market expectations ahead of 20th January scheduled interim results.







